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- saxytrader replied Aug 9, 2010
I have done backtesting for a year and have a demo account to prove it's consistency. As for sharing the system, I am just here to look for a list of fx trading firms to work with. If no one has any real suggestions, I'll just seal my lips and look ...
- saxytrader replied Aug 9, 2010
I am referring to 15% of whatever capital I am holding. If you start with $1000 and get 15% for the month, that is $150 for the month. You then reinvest that $150 back to the initial capital of $1k and get 15% for the next month (which is $1322.5) ...
- saxytrader replied Aug 9, 2010
As Intensity perfectly puts it, it's all about money. A firm plays a multiplier effect on a trader's financial growth. For instance, if I was fortunate to manage $50k, I would make a ballpark figure of $7500 a month. (I am using 15% a month as an ...
- saxytrader replied Nov 15, 2007
GBP Retail Sales moves pair 200-300 pips! — Definitely, you should have a wide and loose stop on this pair. This thing can retrace 50-60 pips or even more before continuing on its path. Another nice move created from the GBP Retail Sales. ...
- saxytrader replied Nov 10, 2007
Friday's GBP Trade Balance = 600 to 700 pips! — Was anyone watching Friday's GBP Trade Balance? That news moved the pair hard. It approximately went down around 600-700 pips. Too bad the GBP Trade Balance doesn't usually move the pair like ...
- saxytrader replied Oct 27, 2007
Will the Fed cut or not cut rates? Whatever the case, the suspense sure is killing the markets. : We really do not know what the Fed is thinking, however, the recent U.S. Existing Home Sales is more than enough evidence that a rate cut is needed. ...
- saxytrader replied Oct 18, 2007
You mentioned "red" status. I hope this is not only for forex factory. Yes, forex factory has a good, solid economic calendar, but I tend to look at a bunch of others before deciding what to trade. That is how I filter the critical news, for as you ...
- saxytrader replied Oct 17, 2007
Yes, I do understand what influence currency pairs, because it's perhaps this knowledge that provides me with consistent profits. What about you? Maybe if you had looked at many, major forex resources showing the "low priority" of the yen comments, ...
- saxytrader replied Oct 16, 2007
GBP CPI moved...a little too early? — Was anyone watching the movement of the GJ earlier today at around 12 AM? Though the news was at 1:30 AM (pacific time), the market made a +200 pip move at 12 AM. Does anyone have an explanation for this ...
- saxytrader replied Oct 16, 2007
Thanks to all who have responded so far! The conversations here have been extremely helpful to not only me, but to many who have viewed this thread! Last week had some impressive moves, however, it looks like the U.S. retail sales was an easy +100 ...
- saxytrader replied Oct 8, 2007
I agree with you about market sentiment. Finding the most important news to trade for the week will definitely help any trader out. However, I do not think that we need to talk to other traders about which news will move for the week. From my ...
- saxytrader replied Oct 7, 2007
I wouldn't be surprised if pairs using the GBP & JPY currencies had similar movements. Reminds me of some hedge funds many wall streeters love to use. It works for some...others no. Some years ago, I tried this type of hedging with the EUR/USD & ...
- saxytrader replied Oct 7, 2007
In exception for the large spike, the GBP/JPY seemed to follow the USD/JPY for this news. (Now that's one huge spike!) Most definitely, news significance can change. What I am looking for is the news that provides a greater number of movement ...
- saxytrader replied Oct 5, 2007
NFP moves GBP/JPY yet again! — I decided to trade the NFP news using the GBP/JPY, and surely enough, it gave me a 70 pip profit. Profit-wise, this was great, however, it paled in comparison to last month's NFP move of 400 pips. I was able to ...
- saxytrader replied Oct 4, 2007
I used to trade the GBP/USD, but like you, got annoyed with the much lower output. Although I have only collected one month of data for the GBP/JPY, it does look very promising. But definitely, I am going to need a chart that will let me research up ...
- saxytrader replied Oct 2, 2007
BurgerKing, do you know where I can use free charts to see up to 2 years back on a minute-by-minute to hourly basis? I currently use netdania, but have used other free charts such as metatrader. Although most of the free ones can go back for years, ...
- saxytrader replied Sep 14, 2007
An FXCM representative told me it is usually 7 pips and no more than 8 during the news. Sure, it is a big spread, but compared to the majors, it has a much more advantageous risk/reward ratio. Good point, purenirvana, about the pip value. On the ...
- saxytrader replied Sep 13, 2007
Wow, the U.S. trade balance report didn't make the gbp/jpy move. At the same time, the majors did not move as well. Talk about a slow day.. There seems to be one more day of critical U.S. news...the retail sales on Friday. Perhaps, this may be a ...
- saxytrader replied Sep 10, 2007
U.S. Trade Balance tomorrow! — The U.S. Trade Balance report is coming out tomorrow. This will be a great time to experiment on this GBP/JPY. Fed Chairman Bernanke will also talk tomorrow, but I do not expect him to state anything that will ...
- saxytrader replied Sep 8, 2007
Definitely true. Friday's U.S. nonfarm payroll confirmed this with an amazing move of 300 pips! This also confirms that we may probably use U.S. news to trade this pair (Im starting to get very excited ).