I dunno how much value it would be though, it's just a discretionary guess and couldn't be traded on, there's absolutely no complete data for an OTC market like forex. I suppose tick volume might help if you knew how to interpret it, but where is a ...

(binned per thread starter's request) Behind Price-Orderflow

How do you know retracement on the daily is over, it may retrace further which would fit in with what the 4 hour is doing. As far as time frame, what time frame do you normally trade?

Fib which timeframe should I hold bias too?

Yeah....cut down your caffeine intake by at least half, I've also heard hitting yourself on the head with a baseball bat helps

Greenspan and Currencies - Delusional?

I think you replied to the wrong post (I'll delete this if you want to edit)

Greenspan and Currencies - Delusional?

Right! 'A lot' is a relative term, you're always going to be limited by liquidity anyway. I still can't understand why you're so skeptical about the existence of consistently profitable systems, it's a totally illogical assumption.

Greenspan and Currencies - Delusional?

If everyone is trying to sell dollars but there is no-one to buy them, at any price, then wouldn't you just be stuck with your dollars? This is fiction, it's not even hypothetical, in fact there's more chance of seeing a pig flying over Central Park ...

Can you lose your entire account?

Consistent, yes, but not necessarily capable of being infinitely scaled up, you see that's the problem with your 'lets solve world famine' plan, you might have to go back to the drawing board with that one! And there was me thinking you were trying ...

Greenspan and Currencies - Delusional?

What makes you think there aren't, but proven systems are rarely offered for sale and at the end of the day it's not the system which makes money, it's the trader who trades it. The alternative for them is investing in one of the funds which trades ...

Greenspan and Currencies - Delusional?

No argument here, I trade both, fundamentals for an overall picture and technicals (patterns mainly) for entry/exit levels. It seems to work ok so far!

trading with fundamentals is the only way to go

That about sums it up! There's only one measure of success in this business and that's profit and the risk it took to achieve it. How it's actually achieved is irrelevant.

trading with fundamentals is the only way to go

Nope, I'm still not getting it. You said "........no wonder all the textbooks and theories say you can't make money use past price patterns....". Are they saying you can't make money so use past price patterns, or are they saying you can't make ...

trading with fundamentals is the only way to go

Can you be a fundamental analyst and still make money? Can you be a technical analyst and still make money? No-one has the monopoly on profitable trading strategies, that's what makes this thread so amusing!

trading with fundamentals is the only way to go

I don't understand what that means.

trading with fundamentals is the only way to go

You obviously speak from your own personal experience.......but one man's trash is another man's treasure, your losses were someone else's gain, you realize that right?

Greenspan and Currencies - Delusional?

Nah, we're all eccentric millionaires, we're only 'doing FX' for fun

Why is GBPUSD called cable?

I'm not familiar with FXCM's platform but it's actually 0.2 pips in your favor. To close your Usd/Jpy short you need to Buy and the quote in the 'Advanced Dealing Rates' is 91.717/91.731, according to the 'Close' on the positions tab you would get ...

close rate difference

.....actually thinking about it, if you were really determined to get wiped out you could just keep trading and paying spread until your capital eventually runs out, it might take a while though, if you get a couple of good runs you'll be back where ...

Can you lose your entire account?

Ummmm let me see...the OP? (".....I'm thinking of trading with no leverage.....") Hehe, I know it's early but.........

Can you lose your entire account?

If you're trading major currencies with no leverage you can never get wiped out, think about it! ....well not unless your broker runs off with the cash or goes bust, if you're worried about that then trade with an FSA regulated broker or trade ...

Can you lose your entire account?

Who's behind those, and what are they basing their decisions on?

trading with fundamentals is the only way to go