GBPUSD chart shows 89,55,34 pips between each level, and the EURUSD, while not having perfect fib. numbers, does have a ~1.618 ratio between all these levels. Yeah, I'd go with some combination of pivot point (ie: lines based on a central point and ...

Contest !!! Identify This Indicator

I tried the demo of ButtonTrader and SuperDOM (part of NinjaTrader), but I found ButtonTrader too busy for me. I'm probably going to use NinjaTrader because of the other features as well, such as charting, programmable features, MM analysis, etc. ...

Linuxtroll Simple Scalping

That, and program the broker's number in your phone, and write down your account# somewhere easily accessible. While most online brokers don't like taking orders over the phone, they will dump your positions on the market if you ask them to.

Linuxtroll Simple Scalping

I like to play around with this thing once in a while. It's not an entirely accurate simulation, as it's not likely your wins and losses are going to be the exact same size every time you trade. However, it's a nice approximation of what to expect, ...

Win/Loss Ratio and R/R Ratio Link?

Yep... this is the big reason to start using FX futures, if and when your account is at least $5k-$10k. Spot market data will even vary between one ECN broker and another, because each one of them deals with a different set of banks. A centralized ...

Linuxtroll Simple Scalping

It's theoretically impossible for the dollar to hit zero... it's not like the US is a company that will file for Chapter 11 when the shit hits the fan. As for hyperinflation... that's a possibility, but it will spell disaster for the global economy ...

AMR/EUR

Yes... I looked at button trader's website a few weeks ago. Looks really nice.

Linuxtroll Simple Scalping

That looks like a screenshot from EFX... right? Anyway, I think they do it in 10k sizes (mini lots). There may be a setting to change that or at least tell you what the size is somewhere in the help section. As for Level II quotes, what you ...

Linuxtroll Simple Scalping

I've heard good things about them when I traded futures, as a lot of people preferred them as a broker. However, they have lower leverage and maximum order sizes than EFX, and their platform is much to be desired. IB has been in the API business ...

Linuxtroll Simple Scalping

Last time I traded futures contracts was with the S&P minis and Dow minis. I saw orders of up to 200 contracts get filled at least a few times every minute. A contract in FX futures is 125,000 units of currency. Granted, I haven't looked at the ...

Linuxtroll Simple Scalping

Looks like it finally punched through that 167.00 level that it has been bouncing around all day. The EUR/USD shot up about 100 pips around the same time. Maybe Soros decided to put in his order to switch USD for EUR.

Linuxtroll Simple Scalping

No kidding. It just flat out refused to break through that 167.00 level all day.

Linuxtroll Simple Scalping

I don't see why he wouldn't. While the spine is sideways on the longer term chart, you will see some nice sloping spines in the shorter term chart.

Linuxtroll Simple Scalping

War on cheeseburgers?! Okay, that's just a lolcat waiting to happen.

Soros said he's got it all figured out

Some days, you just want to set a TP & SL, cross your fingers, and go make some coffee. EUR/JPY has been refusing to get anywhere near the 167.00, so I decided to short for a few pips more when it looked like it turned around... but man, did it take ...

Linuxtroll Simple Scalping

A few things I look for and set-up: -- Look at a longer term chart (ie: 30 sec thru 5 min) with a rainbow on it to both get a sense of larger trend and S/R levels. I prefer to use 1 min. You don't have to refer to it often, as it changes slower. -- ...

Linuxtroll Simple Scalping

I think after 20 or 30 losses in a row (never mind 40), I'd give up trading and buy a lottery ticket... after all, the chances are astronomical (assuming 50% W/L rate, 1 in a million for 20 in a row, and 1 in a billion for 30 in a row).

Can you handle 40 losses in a row?

*wink wink* *nudge nudge* Dunno what the liquidity/volume is on CME FX contracts* tho, as it's been a while since I traded futures. And yes, the intraday margin rates give you roughly the same leverage as the spot market. I began to reconsider it ...

Linuxtroll Simple Scalping

Just about any ECN broker should give you an open book (aka: Level II quotes)... or at the very least, the volume info on the bid and ask prices. As far as I know, there are only four ECN brokers out there... yep, all the rest are dealing desks*. ...

Linuxtroll Simple Scalping

All it means is they allow orders up to a maximum of 100 million units each time you click the button. Most brokers set their maximums at lower volumes (ie: 10 million units @ Oanda, ~6 million USD @ Interactive Brokers). As to how much you will get ...

Linuxtroll Simple Scalping