Hmmm, thanks for contacting REFCO and posting your reply. The main problem with this type of simple strategy is the spread. You have to erase the spread on your entries (long and short). If you can accomplish, that then just wait for the interest ...

Cash & Carry

Bearish Equities — Maybe not a big crash, but many index traders feel that the DOW is in a bit of trouble. Maybe a test of the 10,000(DOW) and 2000(S&P) is in the cards. JohnFX

Stock Indices

Hello; I've been stricly a trader so I'm green when it comes to carry trades, baskets and interest... LOL. I've been following your thread but this is my first post to this thread. What you are trying to accomplish is very interesting and I hope you ...

Cash & Carry

The charting package is SierraCharts. It's fed from MyTrack Data. I believe MyTrack gets their forex data from FXDD. JohnFX

Today's Euro Plunge

Eurusd 60 min chart. JohnFX

Today's Euro Plunge

Sorry, I meant 10/7/05

Today's Euro Plunge

euro drop — One technical thing I see, is a trendline break (not a major one). The trend-line I am refering to starts at the low on 9/7/05. You can see it on 15, 30, 60 min. chart etc. JohnFX

Today's Euro Plunge

choppy markets — I have a theory about the increased choppy-ness of FOREX. With the boom in the FOREX industry there is a big influx of small retail traders involved and a lot of them are trying to daytrade or scalp currencies. Plus with all ...

Shrinking Market

How much did he have to risk and how big were his stops to make that $500? Could have just been a couple of lucky weeks he had. JohnFX

I don't get it, it is just not right

True, Jim, the more confirming price action you have, the higher the probability the trade will work in your favor. As far as price bars, such as hammers, etc., I feel they are more reliable on the higher time frames, say like 15 min. and up when ...

scalping strategy

[QUOTE=fxdt]Thanks for your opinion - Could you give more statistics info about you strategy - 1. what is the average round turn per day ? 2. what is the percentage of winning trade ? Pls also give your opinion to my strategy , what's the negative ...

scalping strategy

Thanks for your input Jim, I'll keep that in mind. JohnFX

scalping strategy

My thoughts about scalping — I've read a lot of negative things on the internet about trying to scalp FOREX. Many say it can't be done profitably over the long term. But, that might not be so true if you go about it in the correct manner. And ...

scalping strategy

My 1st question is: Are the results you mentioned (110 pips) on a "real- money" account or is it a "play-money" (demo) account? All brokers obviously don't pay attention to demo accounts, but when you start using real money and you are a very short ...

scalping strategy

Narafa, that's a good PDF you posted. It's just an example of the dishonesty that exists, which eveyone has to be aware of when trading any market. JohnFX

Inside Info on Brokers.

If they can "stall" the market during low volume I'm sure they do to prevent a limit from being hit, if the trade is going against them. But, once outside volume comes in and the market gets really moving there's not much they can do except let the ...

Inside Info on Brokers.

SoyYoCon It's only common sense. Many times even the FOREX news services such as IFR will state "Dealers are eyeing stops at "such and such a price"). Now who are the ones who know exactly were stops are placed? Answer: the brokers and MM's. JohnFX

Inside Info on Brokers.

The problem with trying arb. a sitiation like that is that only the broker knows when he is going after stops. Doesn't necessarily mean he is doing it 100% of the time. So you can't be sure if the price moving against you is simply normal price ...

Inside Info on Brokers.

How a Broker Moves the price — How does a broker move the price? There has to be a buyer and a seller. My theory (I could be wrong), is that a company like REFCO moves it by trading between their three companies (RefcoFX, FXCM, AMC). When they ...

Inside Info on Brokers.

Good Post — Good post. I have been preaching, that many of the retail brokers(some of the big ones especially), in my opinion cause a lot of the losses that small traders occur. I'll be looking forward to your list. JohnFX

Inside Info on Brokers.