LOL: Your getting it!

Cable Update (GBPUSD)

Don't forget about NFP, you may get a whole lot more volatility than what you bargained for. Looking at eurusd, 1.3000 is a chip shot.

Cable Update (GBPUSD)

Just because the ECB raised rates does not mean that the eurusd rate should go up. The market priced this hike in a long time ago and the statement is more dovish than hawkish. There are some market players who thought there was a chance for the MPC ...

Cable Update (GBPUSD)

What do you want a telegraphed note? The ECB is NOT in the game of surprising the market. They know long before what they want to do, be the right decision or not, and they make sure the market knows. The MPC (BoE) may suprise the market once in a ...

EUR: ECB Will not raise Interest Rates on Thursday

I'm sorry to be the one to tell you this. But there is no difference (except for slippage) between an unrealised profit or loss and realised one. If you're down 226 pips in unrealised losses you are down 226 pips in real cash.

Do Not Use Drawdown!

The best alternative would be to look at CME volume.

Volumes on forex..here how obtain them

What do you mean the carry trade is over? Last I checked 116.00 wasn't exactly new lows. The eurjpy is still above 150.00 which was meant to be a major level for the ECB. I'm not saying the yen will weaken or strengthen but to call an end to the ...

How i knew the Carry Trade was over!

If you looked at a 4hour gbpusd chart would you be able to tell the ISM numbers came out today? The volatilty we saw on today's release wasn't dissimilar to the previous few days despite the ISM historically being a big mover.

Today's news - I don't get it!

Some advice; news trading is almost never about the news i.e. any one thing. It's about everything else that's going on. News doesn't even equal volatilty anymore.

Today's news - I don't get it!

Out of all the majors I'm keeping a close eye on usdjpy. If the news spikes us anywhere below 118 that will be a good place to pick up some longs. But I'll wait for the numbers to come out on this one.

US GDP

I'll give you an example; If the bottom on the day is 1.3050 and the high is 1.3100 and you manage to buy the exact low (1.3050) and sell at the exact high (1.3100) you will still encounter a drawdown somewhere because the price doesn't move in a ...

The lowest drawdown system ever been published?

Ah, but a system that could do that all the time would still have drawdowns in open equity. Throwing a drawdown figure like 5% out there means nothing if you don't attach a return to it. For example, Trader A has a 100% return and 10% drawdown and ...

The lowest drawdown system ever been published?

You will always buy at the ask and sell at the bid with almost any forex dealer. So if the price is 1.3150/52 you will buy at 52 and sell at 50. The price you're looking at could be either the bid or the ask. You would usually be looking at the bid. ...

Buy stop, Sell stop?

There are a million ways to make money, so if your indicators give you an edge that's fine. But I have to agree - indicators are generally a waste of time. I haven't used any for a few years now. All they do is aggregate price for you; if you can't ...

News with indicator confirmation

I'm out of this trade at minus the spread. eurjpy and cadjpy failed to move lower quickly enough. The crosses will probably move lower but I'll stick to my plan.

Eur/Jpy stop washout play

This should work on any currency on most timeframes. I use a lot of intuition in picking which areas the stops are located. I try to look for a market that is ranging. I sometimes scale out and sometimes I don't - you can trade it anyway you wish. ...

Eur/Jpy stop washout play

We'll see how it turns out. There's a very similar setup in the cadjpy.

BoJ Rate Decision and Fukui speaks at 1:30 EST

Thanks, the fact is that eurjpy is very politically charged right now - new highs won't happen without being noticed.

Eur/Jpy stop washout play

to you too! I've just gone short eurjpy - check my other thread.

BoJ Rate Decision and Fukui speaks at 1:30 EST