If you have a reliable system and you have done your backtesting then you would likely find out that 3 consecutive losses are very acceptable and completely within the accepted distribution of wins and losses. If you are troubled by 3 losses then ...

Three Losses in a Row

Why would you buy GBPUSD and USDJPY when you can just buy the GBPJPY? With most brokers, the GBPJPY spread would be less than the sum of the GBPUSD and USDJPY combined. Depending on your broker, the interest rate differential gained by holding the ...

GBP/JPY spiral trade

Here is some information describing JMA: http://www.jurikres.com/catalog/ms_ama.htm#top JMA and HMA are very responsive moving averages. JMA is better but HMA is cheaper. Phil

GFT Forex Discussion

Jersey Devil, While I appreciate your offer I am going to decline for several reasons: 1. Dumbing down the code isn't going to offer you the best chance of success and it certainly wouldn't put the system capabilites in the best light. 2. I have ...

McGrew MACD & Other discussions

No they are not. The code has EMAs in it to ascertain the current trend and I would argue that additional EMAs are not necessary. Rob has EMAs? Are there any numbers left for the rest of us?

McGrew MACD & Other discussions

Mr. Whipple, In all fairness, I have never discussed trading the MACD Dots with you. I have also never seen the VT code and therefore can not vouch for it's authenticity when it was presumably converted from Easy Language. I suspect that if I had 30 ...

McGrew MACD & Other discussions

GFT is opening a UK office and should be able to accept UK funds in the next week or two.

GFT Forex Discussion

I personally have "Japanese Candlestick Charting Techniques". His others may be good as well. This is the only one of his that I've read.

Learning About Price Action

I'm sure James16 is a swell guy but you should ask yourself where he and others learned what they know. Part of learning price action is to stare at charts for a couple of years. The other part is to read a couple of good books. I would suggest ...

Learning About Price Action

Here's a contrarian view: Both fibs and pivots are crap! Fibs: Let's say you see a 100 pip move and you draw fibs on it. Let's also assume that a fib "works" if you come within 5 pips (5%) of it. There are 5 major fibs (23, 38, 50, 62, and 78...with ...

pivot points or fibs?

Wow! Thank you for the compliment Mr. Whipple. I have information on the system but again, I'm not here to sell anything. You can PM me if you would like. I only stopped by to answer questions when a friend told me that my name had shown up on this ...

McGrew MACD & Other discussions

Hello all, I am fairly familiar with McGrew MACD since I wrote it. I went "commercial" because I trade full time and didn't have time to support hundreds of requests for free code and free support. In the absence of support the system can not be ...

McGrew MACD & Other discussions

mvitachi, Pull up a daily chart. Put on ATR(14) and scroll back through time. Last year, the last 2 weeks of December were some of the most plentiful and volatile of the entire period. Years prior to that, not so much. In the spirit of full ...

Holiday trading

This is the ultimate source for Forex related data. Practically every book you read will cite this as their data source. It's not easy to navigate but the data is there. www.bis.org This specific link has a graph of rates ...

Interest rates for all the currencies

Rollovers are not Swaps — Perhaps this is just a technicality but, to be clear, a rollover is not a swap. A rollover is necessary because trading in the spot forex market calls for delivery in 2 days. To prevent the actual delivery of currency ...

Interbank Fx

Jim, and others..., Thanks for taking the high road and giving fair answers. You had 2 choices: 1) say something derrogatory and, 2) give fair answers to reasonable questions. Thank you for chosing the latter. I have no doubt that your intentions ...

james16 Chart Thread

I've read a lot of trading books over the years. That's the first time I've heard that one. Best wishes.

james16 Chart Thread

Jim, I read this thread and could not find any occasion where you posted, or was asked to post, any backtest results. Did you dump TradeStation? Did you ever develop an indicator to identify potential chart setups (showme study)? I have yet to meet ...

james16 Chart Thread

Here's is an excerpt taken from a free weekly newsletter by John Mauldin concerning analysts: The Problem With Forecasting Let's start with forecasting. Every few weeks I get a wonderful letter from good friend James Montier, who is the global ...

What moves the markets?