The way I interpret it, option prices will not directly be affected by the new 1:10 leverage proposal. However, indirectly options may be affected by the rule. Here's a hypothesis: The 1:10 leverage reduces liquidity, resulting in a higher implied ...

Will premiums for fx options change because of leverage change

Interesting post. Do you think the market watches the USD pairs mostly when it comes to psychological levels? Which would consequently result in USD pairs having the most self fulfilling power! I have a theory that the less "common" a pair is, the ...

Silent Service Method

Hey guys, It has been a long time since I last posted here, but I've been busy with many other things. Today I decided I wanted to get back in the game, and started scanning the charts again. The first pair that caught my attention was EURCAD. It ...

Silent Service Method

Nice analysis, but I don't really know how to interpret the 2nd screenshot. Is it a graph showing the indexed currencies combined in one chart?

Coin tossing and random entries

You are raising a very interesting question. I've been brainstorming for the last hour now, which has resulted in the following thought: Entries determine the magnitude of the possible profits, while exits determine the actual profits. This might ...

The Reason why 95% Traders fail

Hehe, this is a very good observation. I suspect that these 2 groups cover 90% of the spectrum of losing traders as well.

The Reason why 95% Traders fail

I generally find that Fib retracement levels (especially 50 and 61) create some orderflow, and tend to offer at least some (temporary) support/resistance. I have the feeling the Fib expansion is applied by fewer traders, and therefore carries less ...

How do you differentiate between retracement and reversal? (In fibonacci)

I kinda know what you're meaning. I also find it more intuitive spotting bearish head and shoulder patterns than bullish ones for example. Must be the mind playing tricks

Why cant i find Long setups?

I thought about this yesterday too, and concluded that you are right. Unless the tax rules are extended, bucket shops will not be affected by such a tax. Nevertheless, due to lower liquidity, spreads will widen. Bucket shops are like a betting ...

Trade Transaction Tax - The Death Of All Us!

Do you actually place a SL with your broker, or do you manually exit trades at a predetermined levels? Most of the big moves I can think of occur during major news releases (NFP most noticably), and you could consider staying out of the market ...

The Reason why 95% Traders fail

Moving stops to BE surves one remarkable purpose only, which is that it reliefs some of the psychological stress the trader faces, possibly allowing him to act more rationally later. Triphop, you are describing your specific situation where the ...

The Reason why 95% Traders fail

Interesting question. Trading is like drinking. If you do it too much, you regret it the next day.

Trading is like ...

Nice post. In my opinion, another important attribute to a trader's edge is adjusting to changing market conditions. As an example, it may be considered worthwile letting profits run - by trailing stops - in trending markets, whereas it may be ...

The Reason why 95% Traders fail

Very nice trade. I wish I woke up earlier today

james16 Chart Thread

Yes you're right: I was watching the EURAUD chart, as thats the trade I entered. Both AUD pairs are essentially showing the same things.

james16 Chart Thread

I'm already in this trade. Keep an eye on the weekly BUOB though.

james16 Chart Thread

"You Pay A Very High Price In The Stock Market For A Cheery Consensus" -WB

Silent Service Method

Hop on after a counter trend correction. The tighter you can set a stop-loss, the greater your profits will be when the market moves in your direction. If you enter a position on a with-the-trend move, (for me) its harder to set a tight stop-loss. ...

james16 Chart Thread

I'm glad people are seeing the point here. Next time you see yourself in a similar situation (which I bet many traders do regularly), think of this story and make a rational, emotion free decision that is conform your initial strategy. In forex, ...

A story about a burglar and forex

Best decision ever. The fact that you remain disciplined is very important and will certainly reflect on your trading.

james16 Chart Thread