Gghaaaa!!! I can't believe there can be this many threads explaining such a simple topic. Leverage is... your total position size divided by your account balance. Margin Utilisation is... the the amount of margin needed to open said position. ...

Is high leverage really bad for traders?

What's struck me is that gbpusd has barely budged during the Asian session. It wasn't unreasonable to expect some profit taking after yesterday's hard run but that's been kept in check by new buyers coming in. The eurusd is also starting to tick ...

No Rules Trading

It's actually really simple. A buy limit order would be an order to buy the market at a price below the current price. A buy stop order would be an order to buy the market at a price above the current price. It's just the inverse with sell orders. A ...

Difference between buy/sell stops & buy/sell limits

Some of my eurjpy in-the-money stops have been tripped so I've only got a 1:2.5 position at 154.71 left. I'm happy to leave this trade for now and concentrate on building positions in yen carries with a wider interest rate spread.

No Rules Trading

Good job. I couldn't trade the Canadian CPI and I was hoping I wouldn't miss out. I did. Yeah the euro has been really slow the past couple of days but I think it's just catching it's breath. Trichet could be the guy to really make the market move.

No Rules Trading

I guess it's not where all the excitement is right now but I've chosen this spot to go long audjpy @ 93.85 1:2.5 and a stop at 93.00. Just to build on my carry trades.

No Rules Trading

Good call!

No Rules Trading

You should have held onto the eurusd long. Even better yet, get long gbpusd - I'm looking at 9500 to really climb in. Congrats on the usdcad trade; I really missed the boat on that one.

No Rules Trading

There seems to be so much selling pressure in usdcad right now. I'm not trading this pair right now but I'll be selling any rallies in the future. I'll be buying any dips in gbpjpy @ 299.00. Right now I'm just holding onto my eurgbp shorts and my ...

No Rules Trading

I guess there will always be sellers in the 3300/3400 area since it's near the previous high. The eurusd is sitting at 3280 at the time of this post. A great r/r trade, would be to go long here with a stop/reverse at 3265. I'm watching the 3270 ...

No Rules Trading

Here's the chart for the gbpjpy trade. I really want to add to this trade but I feel I need to work on getting better prices on my entries. Waiting for this pullback is killing me but I know I need to be patient.

No Rules Trading

Actually I do have some longs on the yen crosses. A 1:7.5 long (ave. price 155.41) on the eurjpy and a 1:2.5 long (ave. price 228.33) on the gbpjpy (I now really want to get bigger on the gbpjpy long since it seems like cable is going to be taking ...

No Rules Trading

Ha, ha I guess I got that one wrong. The eurusd is being way outperformed by the gbpusd. Infact the eurgbp is looking very weak right now. I've just entered a pretty large short of 1:5 @ 6804. The inflation data out of the UK seems to have been the ...

No Rules Trading

I think I just damamged my eyes. ... That's better.

TEB sytstem

I wonder what people on the other side of our dollar shorts are thinking?

No Rules Trading

We've got the same point of view then. The eurusd and gbpusd both look to be heading higher. The eurgbp has been moving higher in a strong trend so I'm still expecting eurusd to outperform. I trade local South African stocks and that entails knowing ...

No Rules Trading

Last time I started a thread like this (at another forum) I got criticised. Nice change... guess it's good to know I'm not alone either.

No Rules Trading

I've been getting long eurusd since last week. My average price is 3241 at 1:11.5 total leverage. You can see I've been adding to this trade as it's moving in my direction. I really think this pair is moving higher based on how price has been pushed ...

No Rules Trading

This sounds like the japanese guy last year who wanted to buy 10 shares @ Y100 000 but put in bid for 100 000 shares @ Y10. He got filled immediately. The bank he worked for wasn't too happy.

String of losers....