spread issue with EURAUD — Unfortunately, at this time my ECN broker (efxgroup) does not offer a charting package or datafeed for metatrader. Therefore, I'm curious to how you would deal with the big difference in spread when using Alpari data ...

The Bat...a strategy by Team Aphid

Short GBPUSD — Short cable @ 1.9595 with limit orders in place. Just curious to know TA's thoughts on the swing high for this trade. I placed mine at 1.9681, which is also an hourly pivot level.

The Bat...a strategy by Team Aphid

You probably realize this, but I think it is still worth pointing out. Long EUR/USD is 95% the same trade as short USD/CHF as EUR and CHF have an almost exact correlation most of the time. The exception would be in times of greater world economic ...

RSI Daily Pivot Point System v2.0

I saw the cross also, but did not trade as there's a lot of news due out on CAD Tuesday, so it may get a bit wild. Check the calendar for details. All the best, Michael

My Daily Fozzy Trades

When trading the "open with 2 lots variation", does that mean that a full monty is now potentially 5 lots, or still 4 with only a single lot open for trade #3?

The Bat...a strategy by Team Aphid

This may be a bit of an over simplification, but if you've determined your max risk per trade to be 3%, then you should simply open each of the 4 possible lots with .75%. This will bring the max risk for a full monty position to your desired 3%.

The Bat...a strategy by Team Aphid

True, you can not open a 2 positions in opposite directions on the same currency at the same time in the same account, but I know for a fact that EFX Group allows hedging like this by opening 2 linked accounts, and then going long in one and short ...

MB trading - no dealing desk?

I have a live accout with EFX and do not find them to be more expensive. At worst, they are about the same, but more often than not they are less. For example, here are some side by side quotes I jotted down over the last few minutes: USDJPY @ IBFX: ...

MB Trading Futures - Introduction

Go to page 1 of this thread and read through to the end... All the best, Michael

james16 Chart Thread

Daily Fozzy Method and James16 Price Action. Read through these two threads start to finish, and you'll be miles ahead of 90%+ of all others trying to cut their teeth on 1 hr or 30 min charts. All the best, Michael

Trading methods for people who have a day job.

I asked this same question to Justin on the EFX Broker thread, and you can check there for his answer. In essence, he basically said that although 100,000 is the industry standard size, banks are able to trade 10,000, and even 1,000 lots. Justin ...

MB trading - no dealing desk?

EFX is not integrated with MT4, nor does it look like they will be anytime soon. They are talking of introducing a comparable free charting package in a couple of months. You can read more here on this thread: url I have been recently demoing ...

Picking the right Broker

Hi Justin: I've been watching the recorded webinars, but notice that every few minutes the audio gets out of sync with the video. Seems like the video is streaming somewhat slower than the audio. Any idea what could be wrong? All the best, Michael

MB Trading Futures - Introduction

Gbpusd — Nice pin bar off the GBPUSD (4 Hour) 365 ema as well as 50 & 61 confluence. Price action rules! Long live James16!

james16 Chart Thread

Thank you Justin. So what about fractional lots? For example, if I open a trade with say 0.5 lots, will that also process in an STP manner?

MB Trading Futures - Introduction

Hi Justin: I'm curious to know how is your system able to handle mini lots and fractional lots? Don't they need to be first aggregated into standard size round lots before being routed to the network, or do fractionals and minis just trade within ...

MB Trading Futures - Introduction

Nzdusd I4b — Here was a nice trade off of yesterday's NZDUSD Daily chart. I4B (inside 4 bar) which broke to the downside. Took 1/2 proift @ +40, 2nd half still running. Will watch for price action as it approaches the 365 to manage open ...

james16 Chart Thread

This is the thread: url If all you saw were pin bars, then you must not have seen the whole thread from start to end. Price action is about looking for likely direction of the next several bars based upon an analyis of recent bar/candlestick ...

The HOLY GRAIL

Have you read the james16 chart thread on this forum. Price action is, was, and always will be the holy grail of trading. All the best, Michael

The HOLY GRAIL

vegas now has his own site and emal: [email protected]

Vegas Wealth Builder Part III