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philmcgrew replied Sep 19, 2006Here is a daily chart of the THB for all of 2006. Over the last 5 years it has often flirted with the 37-38 area. Political unrest does not happen overnight. I suspect well informed, risk averse people have known for sometime that things weren't ...
Clear Signal: SELL Dollar
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philmcgrew replied Sep 19, 2006You can contact them at [email protected] They were very prompt in answering my questions, even if I didn't like the answers themselves. I don't know what incentive they would have to open up their platform to little fish like us. The thing ...
Market Makers & ECN’s, Is the grass greener?
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philmcgrew replied Sep 19, 2006Lao Tzu, a 6th century BC philosopher said: "Those who have knowledge, don't predict. Those who predict, don't have knowledge."
Clear Signal: SELL Dollar
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philmcgrew replied Sep 19, 2006When you make comments like this you should put a disclaimer on it. Try something like this: "I don't really believe in my commnets enough to risk my personal account on them. I am merely trying to explain to someone why the market moved after the ...
Clear Signal: SELL Dollar
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philmcgrew replied Sep 19, 2006For the record, I respect whatever your trading style might be. That being said, you've made a lot of baseless comments today that can't be backed up with facts. Retail trading accounts for less than 2% of Forex transactions. Trust me, by the time ...
Clear Signal: SELL Dollar
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philmcgrew replied Sep 19, 2006So, the fact that the USD stopped exactly where it was 8 hours ago (see GBPUSD, EURUSD, and USDCHF) is pure coincidence and not technical? Is there so much Thai Baht in the world that it can significantly move the most popular and widely held ...
Clear Signal: SELL Dollar
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philmcgrew replied Sep 19, 2006Your analysis reminds me a bit of chicken little..."the Thai is falling, the Thai is falling...." You don't even know what currency they use or have access to a chart and your babbling on about how there is a selloff.
Clear Signal: SELL Dollar
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philmcgrew replied Sep 19, 2006Do you have a chart or some kind of evidence to show that you are remotely correct? How do you explain the fact that the CHFJPY has moved less than 40 pips in the last 4 hours? Isn't the CHF the "safe haven"? Don't banks hold most of their reserves ...
Clear Signal: SELL Dollar
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philmcgrew replied Sep 19, 2006I wouldn't give up so quickly. There are people who can program in various languages (I'm not one of them) for very reasonable rates. You should be able to do this a lot more cheaply than you were quoted. Phil
Need help with MA crossover system
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philmcgrew replied Sep 18, 2006FX MarketSpace is an institutional only platform that has an anticipated launch date of early 2007. It will not be open to the retail trader (retail = anyone reading this
) Will it revolutionize forex? Probably not, it will most likely just piss ...Market Makers & ECN’s, Is the grass greener?
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philmcgrew replied Sep 18, 2006Dude, back off! Just because you unsucsessfully tested one of literally hundreds of possible MA crossover systems doesn't mean they can't work. Some of the best systems in existence today are relativley simple concepts. While they are not highly ...
Need help with MA crossover system
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philmcgrew replied Sep 15, 2006Actually there are. We can go anytime after 1 pm on most days. Let me know. Phil
Broker Complaints …Get over it!
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philmcgrew replied Sep 15, 2006Maybe they are playing golf. Kathy Lien states that the NY-Euro session overlap accounts for 80% of the daily range. "Just these percentages alone tell day traders that if they are really looking for volatile price action and wide ranges and cannot ...
Asian Session Fear
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philmcgrew replied Sep 15, 2006I enjoy a good debate and would prefer to talk to people who disagree with me more than agree with me. I don't enjoy someone taking material out of context and questioning my intergrity, my experiences, or my intentions. The point of the thread is ...
Broker Complaints …Get over it!
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philmcgrew replied Sep 14, 2006GirlFlyer, There are various ways of backtesting depending on your level of sophistication and resources. In any case, backtesting is boring and sucks the fun out of trading but is absolutely necessary. 1. The best and most sophisticated means of ...
Backtesting?
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philmcgrew replied Sep 14, 2006Hi Scott, I doubt that the answer you want to hear is that you should read a book but when I started where you are right now I was fortunate enough to stumble on a free book called "Trading as a Business" by Charlie Wright. I found a site where you ...
A little help, please
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philmcgrew replied Sep 14, 2006If you want to blame me for your broker problems then go ahead but as much as I wanted to ignore you I feel compelled to comment. I am not defending brokers. I have to use one too. The point of the thread is that if you don't like your broker then ...
Broker Complaints …Get over it!
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philmcgrew replied Sep 13, 2006I couldn't agree with you more. It's just that I don't know how you define an honest broker. It's a love-hate relationship. Some people love to trade forex and love their broker for offering them a gateway into the big game but at the same time, ...
Broker Complaints …Get over it!
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philmcgrew replied Sep 13, 2006Invictus, Welcome to the Forex Factory. Your post, while fascinating, applies to virtually no one who frequents this forum. People here do not have million dollar accounts, access to Reuters or Currenex, and do not have long standing personal ...
Broker Complaints …Get over it!