His stop is at breakeven. I wouldn't consider that much of a risk even if he had 10,000:1 leverage...

EURUSD

Point taken.

Stop Hunting

Thanks for the heads up! That is a much nicer interface. To answer your question, try 5-10 pips ahead of the options...

Major Market Makers

So if I rob your house and I get caught, as long as I return the goods you'll hire me to monitor your alarm? It seems a little odd that you would do such a thing.

Stop Hunting

It's all good brother. If i were in your position I think I would be throwing things.

Stop Hunting

Yeah I miunderstaood what you were saying. I corrected my post earlier. And I meant the REAL interbank, not the bucket shop...

Stop Hunting

[18:46 EUR/USD: EUR/USD Option Barriers Break] New York May 10. The defense of option barriers at 1.2815 which had repelled every attempt to break out of the topside finally gave way. FX traders are responding to each tic in the 10Y Treasury note. ...

Stop Hunting

Doh, I was looking at the wrong bar. Sorry to dispute. Your totally right about that being a bogus move.

Stop Hunting

I would definitely agree with you on all points.

No Stop Losses!!!

I wasn't picking anyone as an example brother. Just trying to add an additional perspective...

No Stop Losses!!!

Alright I won't push the title on you if you don't want it. I am curious if you COULD support yourself with your trading if you chose to though...

Where are the pros ??

I think a pro(fessional) is anyone who makes a living by using their skills in a given profession. This doesn't imply that they are an expert or a master, just that they have established a level of skill sufficient to sustain themselves. The pro ...

Where are the pros ??

Well, in all fairness I frequently lose 10-30% on a failed trade so that doesn't bother me. I technically have a catastrophic stop too, its called a margin call at 50% loss. What makes it work for me is that a winner nets 30-100% and the wins are ...

No Stop Losses!!!

Advice? Figure out "why" price is moving. Once you know that, predicting where it will go is easy...

Where are the pros ??

What are you trying to hedge?

Hedge

I don't know any way to find the exact information your looking for but I will tell you your on the right track.

Major Market Makers

Save yourself the aggravation and just skip the indicators. Visit the James 16 threads or trading-naked.com and learn how to trade off of price action. It won't be as intuitive as "buy when price hits a dot", but it will be profitable, eventually. ...

Could Someone Give Me a Hand Please :-)

I would never advocate anyone taking unnecessary risks, but I think stoplosses are over rated. You see, they tend to be become a crutch for making bad trading decisions. If your not confident about a trade, you can very easily just throw it on with ...

No Stop Losses!!!

I take it your a fan?

Are we all enemies at the forex market?

The central banks do set an overnight rate, which the markets are deeply concerned about. In the US, this is the Fed Funds Rate. Narafa's calculations are correct, but the usage by the banks and the reason for its importance are incorrect. I live in ...

What are "Interest Rates" that central banks announce.