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pemully replied Feb 20, 2012spread on EU is usually around 2.3-2.6 pips 90% of the time.execution is decent with little to no slippage. it's better than most bucketshops that charge 1 pip but slips you two.
TradingPoint Spreads
- pemully commented Feb 20, 2012
i think the non-commercial numbers are more important since they represent the large speculators.They are net short by record numbers which means the selling is overdone and a bit of short covering is happening...in the midterm that is...but the ...
EUR/USD still rising, takes out minor hourly resistance
- pemully commented Feb 16, 2012
basically there is a huge net short positions on EU so stop hunting is the only intelligent play. long term EU trend is still down.
ECB Greek debt swap deal to be completed over weekend
- pemully commented Feb 14, 2012
next portugal,then spain,italy will be the focus after greek is forgotten...it seems the party never ends in the EU...but then again most of the big guns are short the EU as seen on the COT.
Moody's adjusts ratings of 9 European sovereigns to capture downside risks
- pemully replied Feb 7, 2012
i use 2:1 reward risk. Given that the average LO breakout is around 58 pips on EU it seems logical to have my tp at around 50 pips with a sl of 1 atr in 1hr time frame which is usualy around 25.works out great.
What is your risk reward ratio?
- pemully replied Feb 3, 2012
I think using atr as a base for your sl is the right way. also depends on the market...is stable and quiet (trending ) or is it stable and volatile(whipsawing). when trending you can hope for more profit but when volatile you can even use two times ...
The importance of taking profits through shorter term trading
- pemully commented Feb 2, 2012
yep definitely stop hunting is the only logical way.....I doubt whether snb will give all this lazy dudes who are conviniently long some easy money...I don't believe they are that dumb.
EUR/CHF: 20b+ in stop-loss sell orders between 1.1980/99
- pemully replied Feb 1, 2012
the futures mafia run US politics...spot forex is competing with their futures business.I can assure they will run spot forex out of US just as they did spot gold,spot silver,cfd's,online casinos.
US trying to kill FX Industry
- pemully commented Feb 1, 2012
the funny thing is that americans have lost faith in their 'dollar almighty".They just be thinking of shorting the dollar against anything.
50 pip move in EURUSD on nothing but panicked shorts covering
- pemully commented Feb 1, 2012
no one can manipulate the markets for a significant period against underlying conditions. I think we need to stop having fear on every new thing that comes around....first it was fear of mechanization,electronic media etc. we need to embrace the ...
Brics catch high-frequency trading habit
- pemully commented Feb 1, 2012
they should have already acted!!! they have resulted to only threats
EUR/CHF retail trader positioning; 24:1 long to short ratio!
- pemully commented Jan 31, 2012
people believe the snb too much....the charts don't lie
EUR/CHF retail trader positioning; 24:1 long to short ratio!
- pemully commented Jan 26, 2012
nzd has also had a fabulous run....maybe till the gold bubble bursts?
Russia may start buying Australian dollar as early as next month
- pemully replied Jan 25, 2012
is the hook more reliable than double bottom/top,head and shoulders? how often does it occur? how much discretion does it require?over time anything that seemed amazing always disappointed.from oversold underbought indis,channel ...
Trading with Deadly Accuracy
- pemully commented Jan 24, 2012
hmmmm!!! 'unlimited quantities' that's so funny
SNB’s Danthine: To Enforce FX Policy With Utmost Determination
- pemully commented Jan 24, 2012
talk is cheap ....the bigger the bark the lesser the bite. snb is running out options just by implying what 'drastic' measures they will take.they certainly have the attention of soros and other heavy hitters.
SNB’s Danthine: To Enforce FX Policy With Utmost Determination
- pemully replied Jan 21, 2012
thinking in probabilities amazes me.but i think those monte carlo simulations take it too far. Just try to imagine the fact that in 100 years we will all be dead,in fifty years over half will be waxed.given the average trading life is rarely a ...
Probability Paradox!?!
- pemully replied Jan 21, 2012
man,thats martingale!!!! Though im amazed by the very little drawdown. Drawdowns of upto 50% are perfectly normal for trend trading,but how many folks can live through that. also that graph is too good, id be really worried
Why exactly do EMA crossover systems not work?