I am not familiar with the Fozzy method so I cannot comment on that but a trail stop is a market order when triggered. MB has a few pages you can print out that not only describe their order types but actually illustrates their useage. Just go to ...

Brokers with automated trailing stops?

Thanks for the clarification pipscooper. I just brought up the platform again and traded only one contract and it is $6.25 so everyhting said in the previous post was "rosie" by a factor of 2 on the pound just like you said. The Depth of Market ...

Market Makers & ECN’s, Is the grass greener?

I see where you are going with this but it is just not so, - yet. The Euro does have the potential to become a more dominant player but the dollar is still king. And I mean king by a very large margin. The world runs on the USD. If you want to see ...

EUR and USD fighting for control...

What do you want to know about prime brokers? Myself or Turbokaos could probably answer your questions.

Market Makers & ECN’s, Is the grass greener?

Hello Quicksilver, Are you trading off of these lines or just experimenting with the corrollations?

Technical Analysis and a few charts to ponder

the latest update from FXMarketSpace — Early Adopter Program Continues to Attract Industry Leaders Acceptance of FX Platform Broadens In early October 2006, FXMarketSpace announced the second group of institutions that will join as part of the ...

Centrally-Cleared FX MarketPlace

I am demoeing a futures platform right now for trading globex/CME. Intraday requires about $850 margin required for 1 pound contract. The futures contract equates to about $12.50 per pip. Overnight Margin is about 2x the intra day. Still very ...

Market Makers & ECN’s, Is the grass greener?

Now for something completely different. — I also like to trade breaks and momentum plays intra day. Here was my really nice play this a.m. on the USD/CHF. The price action is what gave this set up away. The market really showed its hand so ...

Technical Analysis and a few charts to ponder

I 2nd the above. If it was 24 hrs a day it would be perfect.

Trade the News or Bloomberg?

You will probably get hammered in this crowd for that technique. But I must admit I have seen guys trade like that successfully.

CounterTrend Trading

And "over the hill" on post #34

CounterTrend Trading

You are offering some truly sage wisdom there Phil. Here is my sage wisdom contribution: Never remain in a position when your reason for taking it is no longer valid.

Talk about a way to start a day off

This thread quickly took a turn for the worse. Too bad.

CounterTrend Trading

1.8870 1.9015

What is the next resistance line on GBPUSD?

This argument is kind of silly in general. The fact is that trend traders don't understand the counter trend guys at all. This argument can rage on ad nauseum with everyone trying to decide who is right. I offer to everyone that there is no right ...

CounterTrend Trading

We may see some bargain hunters yet after the dust settles but sentiment now is definaltely negative.

Where are the Dollar buyers?

Pretty amusing so far. If the dollar won't go up on positive data, sell the first negative report. LOL

Where are the Dollar buyers?

Here is an idea based on your tech that is a popular old school trade.

GBPUSD