It depends on how you trade. Granted there is no strong arguments for a imminent drop here ( bigger wicks would be better) but a 15 to 20 pip SL for hundreds of pips reward justify the trade. Of course IMHO.

EURUSD

decent area to take a short. I would like to see bigger wicks but a entry here with a 20 pip SL look good. The reward could be in the hundred pips

EURUSD

if it does not start to break down quick it will go higher. The e-mini is breaking my trendlines also. We either get some big wicks here or I believe it is up to 3035 area

EURUSD

hummm, I would like to see some bigger wicks on top of the next 1 or 2 hour candles before jumping on any short, but that is just me !

EURUSD

any pin bar or other bearish formation in this area here ( maybe 10 pips higher) would be a reasonable opportunity for a short. If it goes higher I believe the next area for shorts to be around 13035 or so, IMHO !

EURUSD

I'm thinking the same way, add the fact that the emini is close to a major trend line and the scenario for a 300 to 500 pips down move is plausible. Now that said I believe jumping in right now is still in the gamble side.

EURUSD

No paranoia here bro, just being PRUDENT. Now tell me who in this world wouldn't spy in a proven system? If your charting is with your broker they can see everything you use, and how you use it. They can see you consistently draining money out of ...

Do brokers have complete access to your trading system?

I have my charts in a different computer and internet connection than my broker platform. Brokers get your hard work for free when your strategy charts are with them. If you have a good system and is making money they will steal it from you and than ...

Do brokers have complete access to your trading system?

I can't judge your trades you are the one who is supposed to do it. Why you got in the trade? Is the reason you took the trade still valid? If the answer is yes stay in the trade, if the answer is not get out. If you don't know why you got in, my ...

EURUSD

It does not matter if the trade comes back to you or not. If it comes back this time you will make the same mistake and find yourself in the same situation in the future. When you trade wrong you take your losses. Thats the only way.

EURUSD

Equities up and E/U up, a lot of people getting slammed. We are going through the same phenomena U/J experienced after the tsunami. Fist a sharp move against the country currency than a even bigger move to the opposite side. People say this is about ...

EURUSD

I believe the smaller movements are due to HFT. The regulators are cracking down on the Quants in the equities area ( spot and futures) so they are migrating to forex and other less regulated markets. With the proliferation of algo trading the ...

Seriously... Is the lack of activity due to the US Election?

And I would like to say "again" that the problem is enforcement Forget about new laws, just allow the regulators to have real time access to the brokers account. Thats it. From their terminal a few employees at the CFTC can monitor all brokers in ...

CFTC Comment Period on Additional Customer Protections

Interactive brokers. I took all my money out of oanda few weeks ago because I don't like how things are going there. I'm currently shopping for another broker to replace Oanda for my secondary account. FXCM is looking better, but I don't think I ...

FXCM Discussion

What do we have here? Assuming they will really do what they say on the DD plan, I'm witnessing something I thought I would never see in my life. A BROKER TRYING TO BE HONEST. I always regarded FXCM as a bucket shop I wouldn't touch with a 10 foot ...

FXCM Discussion

I remember reading somewhere here on ForecFactory that they started up with eastern European money. So I guess they are a eastern European broker with its headquarters in Switzerland. That explains why the swiss call them "foreign".

Dukascopy

Really? So you better tell them about a certain Mr Corzine that did it and so far nothing happens. What about PFG that got away with it for almost a decade? Regulators are there to make sure the small fish don't compete with the big ones. A bunch of ...

CFTC Comment Period on Additional Customer Protections

Good info Bohsen. Thanks for the link. Rob Booker is making a lot of sense in his advice. I don't know if I would trust 100% in what the broker will tell you about their accountants and a public company is not necessarily more transparent or well ...

US broker PFGBest freezes funds after founder's suicide attempt

If you are a new customer opening a new account yes. But if you are a winner, for the broker is like taking money from one pocket and putting on the other, because the money you win comes from other accounts that are losing. For as long as you don't ...

Why do some brokers prohibit scalping? (conclusion)

Theoretically a broker should make money based on spreads and commission. Thanks to the recent broker failures we learned that on top of spreads and commissions they also make money trading on the market and they do that with your money. I'm pretty ...

Why do some brokers prohibit scalping? (conclusion)