I personally would have felt better seeing 1.6200 on this pair before shorting it. However, if the pinbar doesn't get broken to the upside, it has a trend line to fight with, if it goes through there, it could drop faster. I could be wrong, but that ...

The System (Irony included)

Leave some money for the rest of us mortals, Mr. Trend.

The System (Irony included)

Yes, but total leverage doesn't really matter in relationship to true leverage. 500 to 1 doesn't matter if you are only trading at a penny a pip for example. (He DID ask for .01 micros.) True leverage is what matters in the end. Being aggressive is ...

Searching Broker with microlots and leverage 1:500

I spoke to a rep recently in the US, (Chicago I think?) and he was the same way. Question 5 was asked several times. For contact info, I gave him the phone number to the local Domino's Pizza, as he made me very uncomfortable.

ODL Securities

Take a long at 10 pips above the pinbar's high is popular. Of course, at 4 PM I noticed that EUR/CHF is doing the same thing. Personally, I like the Euro-Swissy more, as it is with the overall trend, and at a nice daily trend line. * Please note ...

The System (Irony included)

Keep an eye on 105, as that is where the Bank Of Japan intervened last time. Will they succeed? Is the Fed finally going to do something to help? We shall see. It would not surprise me to see a coordinated move on the part of a few central banks ...

End of Carry Trade

EUR/CHF as well.....funny how these things line up, huh? Clockwork

Daily PIN Bars

Unless you are wanting to buy a currency, and let it run.....risking your entire balance, then leverage really doesn't matter. If you are looking for 500:1 leverage AND wanting 0.01 lots, you don't have enough in your account to trade with, or at ...

Searching Broker with microlots and leverage 1:500

Tell me about it.....I am too chicken at times. This is why I typically will trade higher time frames, AND LEAVE. These turn out to be my best trades. Clockwork

To all the 1K club members!

This is the only quote you will ever need to read. With one minor exception: My broker pays swap at 5 pm EST, therefore.....I don't look to short GBP/JPY at 4:55 pm as an example. (Although if it's a good enough set up, who cares?) The above trade ...

Overnigt swap and long term position ?

The one thing I have learned recently is this: Although it IS possible to gain 20% a month in Foreign Exchange, it likely cannot be replicated month after month. (I know some genius will post something about making 1,000% every year for ten years) ...

How I blew up my account in 3 weeks

Must be in a different time zone as I, as my IBFX feed looks more like a neutral bar.

james16 Chart Thread

Observations, agreement, and a joke. — I have been implementing this into my projections of Price Action as taught by James16, and have to say this is a NICE addition. (My 1-2-3 trades have all been on Forex Tester, as there really hasn't been ...

The System (Irony included)

Were you the one watching me during my scalping days? Clockwork

The System (Irony included)

Peter - How was France? Glad to see you back! Chris

Help for Newbies (Discussion Thread)

True, while I would have loved to buy the Euro three years ago....I wasn't trading then. News trading is becoming more and more dangerous. And besides.....can you predict how the market is going to react? I can't, because it doesn't always react the ...

How do you trade news?

Just remember that a home run doesn't need to happen today, tomorrow, or even this week. A real home run is buying the Euro 2 years ago. The point is this: A home run ball might not always travel at 80 miles an hour.

Cornflower Hourly System

English is not his first language I would suspect. (I think I read he is from Singapore. Maybe someday he will explain to us why Asian Forex Traders kill each other over 2 pips at a time. Asia is a source of indigestion more often than not for me.) ...

The System (Irony included)

An example checklist. — Please erase this post if you think it distracts, but I can see a lesson here. Allow me to indulge myself by doing this. I am printing this out and putting it on my wall. I am also writing the answers to these points, ...

The System (Irony included)

Get a Reuter's feed......but be willing to pay something like 1500 a month. (I believe.) Or, trade longer term, and don't worry about it.

How do you trade news?