I know it's just a matter of words, but wording is important. Germany didn't say there was NO bailout.. they said nothing had been finalized yet. That doesn't mean something is in the works for tomorrow... I think the short EURO play may be in for a ...

Spot FX Day Trader's Thread

Well this ended up being a nice move, but I didn't book any of the profits since I was expecting the trend to continue and it didn't....

My Fibonacci trading system

I think it could be due to a period of consolidation (for the majors) as opposed to being in a trend, and Ichimoku as we all know is more helpful in trending markets. At least that's what I think. Although I think this has been the case in just the ...

Ichimoku forever

I see.. in any case, does my logic make sense.. including the Sunday candles? Or the whole 6-day work week is completely bogus?

Ichimoku forever

I remember reading that the OP on this thread omitted any Sunday price action. But I was thinking, wouldn't it make sense to include that in Ichimoku? It gets it closer to the 6 day trading week that the creator was using it for when he first ...

Ichimoku forever

What's at 1.364? I'm short from 1.3665

Spot FX Day Trader's Thread

Is there still an Ichimoku chat room for forex traders going on?

Ichimoku forever

Anyone seeing/agreeing with this setup in Cable? Looks like price action is nearing 61.8% retracement on the attached chart.

My Fibonacci trading system

Hi Smokemachine, It's been shown to be effective for a lot of tradeable financial instruments, including forex. I'd suggest looking at the first post in this thread. There's a document attached that explains all the signs Ichimoku can produce. There ...

Ichimoku forever

Has anyone turned ichimoku into an EA and backtested it for a few years? I think money management would make a huge difference to results though. So a rule that you'd use the one of the ichi MA as a stop level for each trading situation would ...

Ichimoku forever

I personally like both, it depends on the market situation. But for me I'm more of a swing trader so I like the few trades I might do in a week for bigger moves. But like forexmarket says... the best strategy is the one that suits a trader's ...

Which is a better strategy to make money?

In addition to not being a system, he has not maintained an average of 4% gain a day. That's just the title of this thread. He had a pretty significant drawdown already, but has made his way back! I'd say this is more of a journal. Definitely no ...

4% A Day Forever

Hello! I'm glad I found this thread. Thanks to Vic and everyone else for their wonderful contributions. I tried to read through everything but stopped at page 50..... and zoomed up to here. Sorry if this question was already asked but: For the daily ...

Ichimoku forever

I'm kicking myself for missing this day!!! ARRRGGHHH!!!

Spot FX Day Trader's Thread

Nice trade!

Spot FX Day Trader's Thread

Yep finally... Not sure what your time frame is on the trade but.. watch out for the BoE and ECB rate decisions for tomorrow. You probably already know that but just thought I'd be a reminder.

Spot FX Day Trader's Thread

What's your reasoning behind this trade?

Spot FX Day Trader's Thread

hehe.. hindsight is always 20/20. And I shouold have closed out my last short around 90.12!! I let it ride all the way back to breakeven. So much for letting my winner run..

Spot FX Day Trader's Thread

So what I gather from your strategy is... you will hold on to unrealized losses for the chance of them becoming gains and booking the gains.. since as you say "forex markets are range-bound 90% of the time". I don't think people are trying to rob ...

What's the point of hedging?

You're right, Citi operating their retail forex shop is not proprietary trading. Simply being counterparty to a trade is not in of itself proprietary trading. Volcker was talking today and he specifically stated that he was not looking to stop ...

Could 10:1 be the new leverage in US Forex?