AMEN Thanks for brightening up my day brother! Luck be with you!

Broker Complaints …Get over it!

<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o> Merlin,<o></o> I know. You are certainly right about the post and I should stop. I am going to make this my last post about the subject.<o></o> ...

USD Existing Home Sales

Interesting. How many of those trades did you pull off exactly?

USD Existing Home Sales

No it was perfectly rational. Read the news announcements and the posts on the forum prior to release. You'll find that almost everyone was expecting a weaker then expected number because consensus estimates were the same as the actual from last ...

USD Existing Home Sales

Because a weak number was priced in. It would have taken a 6.2m number or lower to drop the dollar any further. The fade was a much better play today. Nice to see it still pays to do research and actually think about the news...

USD Existing Home Sales

LOOK! LOOK! The post above shows someone actually doing an analysis of the news! OK. I feel better now. Thanks Merlin!

USD Existing Home Sales

First off 1% of $10k is $100, not $10. Second, %R MM operates by multiplying you ACTUAL account balance by 1%. So your maximum risk should be $1000 * 1% = $10. You have the rest of it right... $10 / 25 pips = .40 per pip. Regardless of your leverage ...

Pips and Leverage....

Actually thats option activity, but your close.

what does "running stops" mean?

Can you possibly be any more lazy? Go look at the damn calender and the chart. Better yet, how about I just tell you it's bigger then NFP. 200 pips a month on all pairs average. Better use max leverage on it so you can retire by friday...

USD Existing Home Sales

In a word: Liquidity Banks and hedgefunds trade $100mil+ positions and it is usually impossible to drop that much on a trade without moving the price. They tend to accumulate securities on the run up and then dump them into the stops. If the stops ...

what does "running stops" mean?

What do you plan on trading?

China Economic News

On a dollar per pip rate it would make no difference at all. The difference would be that at 100:1 a $100,000 position would require $1000 in margin while at 50:1 that same position would require $2000. It would basically cut your "percentage" ...

Pips and Leverage....

Like I said, you should switch to oanda. It will make all this much easier to grasp. But you are correct in a sense. If your broker provides 100:1 leverage (1 lot = $1000 in magin required) you need additional capital to cover the price movement. If ...

Pips and Leverage....

None of your provided info means a hill of beans with out knowing how many pips your stop is from entry AND which pair your trading.

My account details

First off, you should setup a demo account with Oanda (www.fxtrade.com) which will make your learning process significantly easier. With them you can set trade size to any increment of $1. So if you wanted a position size of $13,765.00 they will let ...

Pips and Leverage....

I just finished reading his thread for the third time and I am still lost as to what your asking, implying, or suggesting. I will however take a stab at addressing some of the little nuggets I did manage to comprehend... 1)Your buddies analogy is ...

Forex Market Mechanics

All the above advice is good, but I don't think your original question was answered effectively. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o> <o></o> Most brokers will allow at least 50:1 leverage. ...

Pips and Leverage....

No. That's not realistic. Given your experience, I would say 50 pips a MONTH will be a stretch. Don't fret though! In about 1-2 years it may be possible to accomplish what you're discussing...

Modest Goal?

Event trading is much more involved then that. As was pointed out by dof, depending on how the numbers print in relation to expectations, the pair can treat the same miss in different ways. At one point, below consensus inflation numbers can ...

News trading = Promised land?

This is precisely my point. It has become so big because now anyone with and index finger can trade the news via a straddle. It marks a prime opportunity for the market makers to rake in some extra profits... Back on April 20, 06, spreads on silver ...

News trading = Promised land?