Sorry my friend but I think I can't understand what you are trying to say?? I was comparing that gambling is not affected or affecting almost anything in the world except the people inside the business and of course the players themselves...But ...

Trading vs gambling

You must be calling Van Tharp here ... lol.... Thanks, Nader

Anyone been to success coach?

Totally agree, well put... Notice something very important, the pair was actually overbought since the 115 level was reached, not because of indicators, but because of common sense...It shot up for another 700 pips actually to 122 because people ...

Over sold/bought ??????

Thank GOD I don't have a wife to convince...lol... Thanks, Nader

Trading vs gambling

It's the same my friend, to open positions using a 10K lot with your $5k account, means that you are using a 2:1 leverage even though your broker gives you a leverage of 400:1, it doesn't matter....High leverage means that you open a position of ...

Anyone using high leverage successfully?

In gambling: - You can control your position size and control your risk only at the beginning of the game In trading: - You can control your position size and control your risk almost anytime. You can get our at anytime, and thus you have a stop ...

Trading vs gambling

So what's the difference between a good automated trading system and a good non-automated trading system?? They both have drawdowns, don't they??? If the presumably "good automated trading system" experiences a nice normal 30% drawdown, then I ...

Anyone using high leverage successfully?

Diallist post and approach was actually great and more than elaborative...If you want my opinion as well, here it is... There are 2 factors for this problem: 1- You should work it backwards, which means that you at first under-load yourself and ...

Help@ info overload!

Don't you consider the Euro over priced at 1.2000?? I do think so..I wish I was infront of my PC, I wanted to short the Euro just below the 1.2000 area but unfortunately I was outside ..lol... It's good I didn't short, as I am still not sure if ...

Central Banks Watch

Hey Merlin, sure the stock market should rally, it's the Christmas The statement means nothing to stock investors except a confirmation of a strengthening economy, that's what they wanted to hear and they heard it.. Thanks, Nader

Central Banks Watch

Well, sorry for the late reply, but I think something must be clear...In our discussion, I mean me and Merlin, I meant the benchmark interest rates, and he was refering to the long term yields, those for the 10 yr note and longer...If benchmark USD ...

Central Banks Watch

Well, sorry for the late reply, but I think something must be clear...In our discussion, I mean me and Merlin, I meant the benchmark interest rates, and he was refering to the long term yields, those for the 10 yr note and longer...If benchmark USD ...

Bonds

Pushing interest rates higher does not always mean pushing the economy forward...Actually interest rates must chase the economy and not the contrary as they are just a tool...You can have higher interest rates that prevents companies from getting ...

Sources for FOMC interest rate information

I don't think this will bring the correlation between the 2 pairs the same way you look at the other 2 pairs... When you are looking at the EUR/CHF, you are see the grand total of the movement of the other 2 pairs, the EUR/USD and the USD/CHF, but ...

Correlation of Pairs

Basically, we are trading spot currencies, which does not include any futures or options...However, it depends, some members here trade futures or options on futures... You can get a good answer for your question by searching url for the ...

Basic question - what do we trade?

If we are talking about trend following trades, then price exhaustion is the best exit signal...When in an uptrend, and according to your time frame, if the price fails to make new highs for a certain handsome amount of time, it's a good time to get ...

Favorite indicators for exiting a trade?

Pro FX traders like who?? Or in general?? If you are talking about general Pro FX traders, It depends upon many other factors...Those people might be very well capitalized, and they might be having huge profit targets, such as 500+ pips per trade, ...

Real Fx traders do not use stoploss

Ya sure, that's an easy job...An up line touching the bottoms reveal the concept of the trend and without the use of any indicators.... The angle of the line tells you how much the market is overbought or oversold...If the angle is sharp and ...

Are indicators useful?

I think Lou is asking about the strength of correlation between the pairs. Or in other words, if the EUR/USD is moving up, what is the probability or how likely that the USD/CHF will move down following it?? And how likely will the USD/JPY will move ...

Correlation of Pairs

Might be a solution, but the same problem persists, in such a case, profit gained from selling the call will be offset through the loss of the LEAP value. Since we are actually looking for the price of the underlying stock or instrument to decline ...

One market or variety pack?