In golf there is a saying: Drive for show and putt for dough. In trading it should be: Enter for show and exit for dough. Entries and predictions are by far, the least important aspects of trading. If you consider someone's predictions and opinions ...

Predict market is easy

I'm just as happy talking to you here. Perhaps someone else would benefit as well. I traded options full time before moving to forex and loved them. I have waited for a long time for the marriage of forex and options. The one point I'm trying to ...

Non-desk dealer that offer currency options?

.

Non-desk dealer that offer currency options?

ADXDMI doesn't have to be 3 squiggly lines. Here's what it looks like on my chart:

Trend spotting

ISE.com has several videos and webinars on their options. Thsee are stock options and the currency trades just as if it were a stock quote so they are calculated the same way all options are priced. Not the funny business that your fx broker offers ...

Non-desk dealer that offer currency options?

You can trade legitimate options here but if you don't know what you're doing I would bother. Options are a sophisticated instrument with many dynamics and you're trading against someone who knows how they work.

Non-desk dealer that offer currency options?

I am the proud owner of a 1938 2nd edition copy of the Dow Theory. It's a smelly old book with brittle paper but packed with wisdom. It is dedicated To Business Men who, perplexed by present day uncertainties, seek a reliable method of anticipating ...

Trend spotting

You just got a margin call or are you quoting someone?

The Best System on forex-factory forum

So you're saying it could go down but then again, it might go up. Did I get that right?

Lets Talk GBP/JPY "the geppy"

I don't think automated trading itself is the culprit for failure. But when it gets in the wrong hands it is dangerous. If the user doesn't understand optimization, walk forward analysis, sample ratios, testing methodologies, and establish some kind ...

Automated Trading

I could care less if it's the same chart or not. You only compare the current peak/valley to the previous one. No other "context" is necessary. The fact that you expanded and contracted the same chart has no bearing on the outcome of the ...

Trend spotting

UP UP DOWN Until the definiton of higher highs and higher lows (or lower highs and lower lows) is broken then the prevailing trend is defined by the move that got you to that point. Clearly, if you can't break S/R then you are in no trend.

Trend spotting

It's trading 101, one of the oldest definitions in the book. You compare highs to highs and lows to lows. You only need to look at the current peak/valley and the immediately preceding one, no more, no less. The addition of more bars is irrelevant. ...

Trend spotting

I've always defined a uptrend as higher highs and higher lows and a downtrend as lower highs and lower lows. That simple definition will beat just about any lagging trend indicator known to traders. I am constantly amazed at the lengths someone will ...

Trend spotting

This site shows both correlation and volatility upon which you can base your decisions. If you use TradeStation you can plot both parameters directly on your chart as standard indicators. There is also a correlation function in excel. Yes, you can ...

Hedged Carry Trading

They are absolutely not the same thing. Since the GBPJPY is trading at 233, buying a put at the 236 strike would be 300 pips in the money (also called intrinsic value) since you will have the right to sell. Sure you could exercise it but what's the ...

Difference between selling a Call and buying a Put?

It's really not so much that I enjoy defending brokers as much as I enjoy taking the other side of an argument. Especially when it's a weak one. If your "due dilligence" consists of an EA purchase off of eBay and belonging to Forex Factory for 2 ...

Is it possible to consistently win at Forex trading?

Please, that's not a stop hunt. That same spike occurred on a variety of brokers including TradeStation. Did they all convene before the announcement and conspire to show false quotes? Did they all convene before the announcement and conspire to ...

Sophisticated "anti-stop hunting" technique

That happened circa 2004. It doesn't happen today but the legend lives on. If it did surely someone would past a chart for our viewing pleasure. As a former submariner, I appreciate your reference in your signature line. We have disagreed on ...

Sophisticated "anti-stop hunting" technique

3) Don't place your stop 10 pips away from the market and confuse noise with stop hunting.

Sophisticated "anti-stop hunting" technique