Thanks for that study. It had eluded me. Although, I think the 2009 close matters little, but 2010 high a lot.

EURUSD

I suggest people slowwww down on their forecasting of outcomes, and just wait for price to indicate. At the moment, I am looking at this, which is very very eerie. Hoping for a interest rate hike as that will finally push it above the very adamant ...

EURUSD

i am short at 1.3582, good idea?

EURUSD

Frankly, one shouldn't be over 5:1 in forex trading. If you are, then you aren't managing risk well. Although, the lower margin always helps, but it again, shouldn't be the point where you will hit a margin call. This rule doesn't affect me one bit.

CFTC Final Retail Forex Rules - 50:1 Leverage

hate to break it to you but these aren't ecn brokers

Is it safe to deposit $50,000 in a single broker?

scott, In terms of a method and what I do? 1) Manage your risk. 2) Exits are most important. 3) Price Action, Candlestick analysis, Support and Resistance, Order flow, Supply and Demand, and stay on the side of the banks and institutions. 4) Manage ...

I am demotivated...

I hate to break it to you, but it is not as easy as that. Majority of the people here are with market makers, who hardly offset their trades and they are the opposite side. So it stays very internal. ECN's would be your go. Also, you would need more ...

Let's move the market!

Nasdaq to cancel all trades in that time frame of 2:40ish to 3:00 or so. Let's see what the currency market decides to do.

1000+ pip market moves...hope everyone got it

I don't know about manipulation. But it is quite odd that all the yen pairs moved the most today. Perhaps there is something...

1000+ pip market moves...hope everyone got it

up another 120+ since i last posted. Insane. I'll post when I think its finally ended

1000+ pip market moves...hope everyone got it

Treat the number's above as guidelines as your x:y should always adapt to the market. It is NEVER fixed. I don't like the theory at all of having definite amount of take profit or a definite amount of stop loss as this is absurd to me! Why would you ...

rks's thoughts, processes and trades (focused mainly on GU and EU)

image My thoughts for the GU are explained on the chart. As for the technical details: LONG Break of 1.5388, in either a momentum or candle close form. Aggressive SL – 1.5330 Conservative SL – 1.5310 TP – 1.5460-1.5470, however this can vary ...

rks's thoughts, processes and trades (focused mainly on GU and EU)

EU Trade and Speculation — Ok, so this is what was happening in my charts for the EU. I took this trade at the break of the resistance line highlighted in red, also pointed at by the red arrow. I hadn't had a time to update you all in real ...

rks's thoughts, processes and trades (focused mainly on GU and EU)

The GU has started ranging. image Check out the above screen shot. The black solid line BB is a 15 period with 3.2 Standard Deviation. The red dotted line is a 30 or 34(can’t remember), with 1.25 Standard Deviation and the black dotted line is a ...

Cable Update (GBPUSD)

Ok! I closed out the week pretty early yesterday and totally forgot that it was easter friday the next day; so it would have been trading in unpredictable markets. Holidays are a bad time for trading. So what is happening with the GU? We see a trend ...

Cable Update (GBPUSD)

Not a problem at all. 5 min candles? and 1 min entries? That is too fast for me, I stick with 15 min for monitoring my trades, and my entry is usually based on 1hour and 4hour TF; then confirmation with the trend of the daily/weekly to just be extra ...

Cable Update (GBPUSD)

Ok, will do. So, I trade mainly with: -Support and Resistance (Scalp lines are much more effective for the day trader than Long Term Support and Resistance (lets just call it LTSR)) -Trend Lines (Trend confirmation and Break) -Moving Averages (Trend ...

Cable Update (GBPUSD)

I would love to know what you are trying to say. As for your charts, they are overwhelming like the other person above said. Would be great if you could explain them?

Auslanco - GBP/JPY and GBP/USD (newstrade)