Since all indicators are derrived from price (except volume which we don't have) why not just use price? Inidicators require price to change to detect movement, that's why they are called "lagging." Up trend: Price makes higher highs and higher lows ...

What indicator can best reflects a pair's current trend

I was not aware that there were technical analysis books that applied to forex only. Perhaps you could list your sources so that we can learn why we should stop trading these profitable intraday patterns.

Is this the big reversal point for the dollar?

I have never heard a technician say that a pattern only works on certain time frames. What happened to the idea of fractal behavior?

Is this the big reversal point for the dollar?

You really have to check with your broker. Some will charge you interest but, when it is owed to you, they keep it for themselves. This is common on smaller accounts. Don't assume that they owe you anything. Also, very few actually give you all the ...

Why is swap tripled on Wednesday and not Friday ?

A spot currency contract is the equivelant of a 2 day futures contract. This means that if rollover didn't seamlessly occur you would you have to sell(buy) your existing contract and buy(sell) your new contract every 2 days or face delivery of a big ...

Why is swap tripled on Wednesday and not Friday ?

This would make an interesting poll. I think candlesticks would win by a very large margin.

Bars or Candlesticks?

I'm not sure why I follow your journal with interest, but I do. One thing I've noticed is that you either trade against the trend or you trade late in the day. Both of those are tough ways to make money. If you think the USDJPY is going down that's ...

Developing a system - LIVE experiment ;)

Why don't you show off your mathematical prowess and calculate it for us? The forumula is quite simple.

Exotic pairs are wild!

Slow week? How about slow month? Volatilities at near historical lows. I just stopped by the see what damage the news did to a few unfortunate souls. The guy does have a journal...why not just post there?

Home Sales and FOMC Interest Rate statement

At the risk of sounding cranky.....what's the point of you telling everyone your trade here and then directing them to your journal?

Home Sales and FOMC Interest Rate statement

I think the best book for understanding Forex is "Forex Revolution" by Peter Rosenstreich. The first half of Kathy's book is good but I thought the second half was out in left field.

confused on what book to buy!!!

Maybe these would help: http://www.i-glassesstore.com/iglassespc-3d.html :

Eye sight failing, help needed.

RvrsTrader, I don't want to beat a dead horse but do you now see the GBPUSD / USDJPY non-correlation? You can't assume that since both pairs have USD they will be highly correlated. Phil

Developing a system - LIVE experiment ;)

Tight stops and moving to breakeven too soon are huge killers of a perfectly good trade. It's one of the cruelest twists to trading that ever existed. The less you are willing to risk the more you lose.

Developing a system - LIVE experiment ;)

If you projected profit by Wednesday why did you close on Monday?

Developing a system - LIVE experiment ;)

Great job on being disciplined and doing some demo trading. I think 1 hour charts are better because you will see more opporutnities (challenges) to test out your trading and practice what you've learned. Of course there's no reason why you couldn't ...

How many years to become profitable?

http://www.investopedia.com/articles/technical/03/021903.asp

ATR Bands

They are called Keltner Channels.

ATR Bands

My bad, in your first post where you said "I appreciate and welcome any feedback and suggestions" I mistakenly thought you meant "I appreciate and welcome any feedback and suggestions." Here's the current 5 day correlation since you either: 1) don't ...

Developing a system - LIVE experiment ;)

This will be an interesting quote to review when you blow up for the third time. It is also clear that you didn't actually look up the current correlations.

Developing a system - LIVE experiment ;)