Or it feeds a trader's emotional flaw of always having to be in a trade... You have to figure out who you are in this game and always be honest with yourself. If you're a daytrader, be a daytrader. If you're a swing trader, be a swing trader. If ...

.SI4 for GBP/JPY & EUR/JPY

I use IB. Comms and spread equal to around 4-5 on GBPJPY... not bad at all. They are interbank spreads and sometimes I can get 1 pip on GBPJPY... albeit for a second or two. They're entire setup and the way they operate (tight margin requirements ...

.SI4 for GBP/JPY & EUR/JPY

It still doesn't beat not closing it out EOD...

.SI4 for GBP/JPY & EUR/JPY

Carlos and the gang over at FT will be very surprised come Tuesday, since they run such a software package that has a very small, dedicated following... Seeing about 200 people request demo's should be interesting to them...

.SI4 for GBP/JPY & EUR/JPY

2005-2007 results - NO Close EOD - 55 period Hi/Lo Trailing Stop — What if we add a stop based on the last 55 periods of hi/lo? (Note: FT's Trailing checkmark is broken. In order for it to trail, the hi/lo Trailing setting must be unchecked) ...

.SI4 for GBP/JPY & EUR/JPY

2005-2007 results NO Close EOD — Here's the NO CLOSE EOD version -- which I prefer when trading stop and reverse systems... Notice that in early 2005, you actually go negative. That's scary. But overall, it's very good. I plan to look at this ...

.SI4 for GBP/JPY & EUR/JPY

2005-2007 results Close EOD — As you can see, if you started using this in 2005, you'd drop it after the first drawdown... well most people would. And I would put money on the fact that it doesn't backtest well before that... Of course, you ...

.SI4 for GBP/JPY & EUR/JPY

Ok, I know what the problem is... It closes at 23:30 EXCHANGE time, which is: 23:30 - 7 = 16:30 my time... OR 19:30 EST... Hey, I haven't started drinking yet... sue me. But my results are still worse than yours... so I don't know what the ...

.SI4 for GBP/JPY & EUR/JPY

I did. It still closes at 23:30...This would be easy on my futures markets... not so on Forex since it's 24 hours and there's no "EOD"... That's why it closes at 23:30. Why yours closes at 19:30 is beyond me. My exchange times are -7 on FOREX, ...

.SI4 for GBP/JPY & EUR/JPY

And that's just it, Mudd. It's the good ole' problem that's inherent in every system -- you never know you're in a range until it's too late. Heck, if we could all find the magic choppy indicator, we'd all be rich... (well maybe not... some traders ...

.SI4 for GBP/JPY & EUR/JPY

I've been using FT for awhile. And I still can't figure out how you're getting FT to close EOD at 5PM EST. I've tried changing exchange time, trading times, you name it -- It still closes EOD at the 23:30 bar... The only way to prevent this in FT is ...

.SI4 for GBP/JPY & EUR/JPY

The quickest way to double your money is to fold it in half and put it in your pocket...

ODL securities -long post

Even the worst trader on the block would've done 1000 pips last week. That's not a good indication of a trader. Now, if you tell me you can do 200 pips a month, consistently, for a year or two, then we can talk...

Gbp/jpy trading Tip

Turbo and I were talking the other day when I asked him what was up -- IB's spreads were a little high as well. Just how it is with crazy volatility.

What's Up With Oanda's Spreads?

Nice trading my friend. But you also had a threatening 285lbs'er that was going to have to take you down as well...

Steviet's Live Trades!

As you progress in your trading, you'll come to live by that statement. Trust me.

Intimidated by the Charts

Because the USD is still very much a safe haven currency. When investment firms started losing money on mortgage investments, they have to dump them and then purchase USD because it's a safe haven. Take that chaos and panic and sprinkle a dash of ...

US has subprime problem, but why USD strengthen?

Folks, this is nothing. A nice little pullback. When GBPJPY gets in the 200-210 area, then start paying attention...

330 pips in 4HR! what happened??

I trade the Hang Seng futures index...

Chinese stock market-anyone doing it?

Yah... I don't play well with others.

How much time did it take you to make progress?