Hi Sophos, for GBPJPY, JPY recently had a lower than expected monetary base change, which is bearish for JPY, and so bullish for GBPJPY since JPY is in the denominator. From ForexFactory Calendar: 11:50pm JPY Monetary Base y/y 7.0% 7.9% Also I would ...

Forex Market Deciphered: The Equilibrium Cross

just bought EURUSD — bought at 200 ema on 1 hr at 1.3271, Sl 1.3235 EZ

Building an equity millipede

EURUSD — EURUSD monthly: in the middle of large multi year range. EURUSD weekly: broke TL up, but below 200 ema EURUSD daily: broke TL up, price considation EURUSD hourly: price above 200 ema; candelcode indicator in buy area Overall no solid ...

Building an equity millipede

EUR and USD — Hello everyone, I've created a few custom indicators ... some of them being currency 'indicies' which measure the relative strength of a currency against the pairs for which it trades. Ex: for my EUR index, I look at the relative ...

Building an equity millipede

COT (Commitment of Traders report) and longer term swing trading — If anyone is interested, I have coded a script into R (a free statistical package), in which I plot net non commercial positions. I can post the code here if anyone wants to ...

Building an equity millipede

interesting article for possible JPY long term short position ... — See attached ... it makes a good case to short JPY now long term. JPY is at historic highs against many other currencies (ie: EURJPY near lows, GBPJPY near lows, etc), which ...

Building an equity millipede

currency index — Hi Everyone, I've created a custom indicator called the currency index (which I coded into Java) to look at an individual currency's strength. For example, for the USD, I look at the % change of how its done against other ...

Building an equity millipede

I agree with all of your parameters ... the only thing I would add is a method to add to your position on pullbacks, and use a trailing stop to take you out, or scale out at appropriate technical levels. The BIG $ is made by holding a core position ...

Risk Management..let's get something going here....

I've learned from experience (and it was very painful) to never, ever overleverage yourself. You can make a lot, but can lose a lot also ... enough said. What I do now is minimize my risk, but still enable the act. to make a lot, if done properly. I ...

Risk Management..let's get something going here....

I've been successful with the following: If my total position size is 6% of my act., I would enter 2% and set the stop. If stopped out, I would probably lose 0.5 to 1% of my act. on the trade, depending on the stop. If not stopped out, I wait for ...

Money Management

I agree ... I only scale into a position as it is going WITH me ... if I am wrong on the initial position, I get out with a stop.

Increasing size on a loosing position

I think a reasonable goal is 10 to 20% per month ...

What are reasonable goals?

for a couple of months ...

VWVB Daily Chart Analysis

SMJones, I sometimes do that, to mitigate direction risk ... I am just starting to experiment with various trade combinations. For example (I just tried these in demo account, not my live account): Basket #1: Long USDJPY, Short EURJPY, Long EURUSD ...

Central Banks Watch

Too many Yen bulls ranting and raving ... JPY due for a correction ... so: long USDJPY 114.54 Reason: at -233 fib on Vegas 1 hr chart, multiple + divergences on multiple timeframes from 4 hr on down, and at Gann fan from 1/12/06 on daily chart. ...

Central Banks Watch

Long USDJPY (half position) from 114.54. Analysis: at -233 fib on 1 hr chart, bounced off daily Gann Fan from 1/12/06, and multiple + divergences on multiple timeframes. Longing CHFJPY 90.25 to keep the USDJPY company ... It is not very prudent to ...

VWVB Daily Chart Analysis

I have been live trading for years ... EZ

VWVB Daily Chart Analysis

EZ's in — short AUDUSD at .7456 .... looks like a double top here, at weekly trendline resistance, and at 89 fib on Vegas 1 hr model. USD due for a bounce up here anyway ... EZ

VWVB Daily Chart Analysis

EZ's out — Big gap down for $ on Sunday night open, due to USDJPY getting creamed (from JPY strength), so I decided to take profits ... didn't expect such gains so quickly. Out USDCHF short from 1.2795 and 1.2779 at 1.2719 (+76 & +60 pips) Out ...

VWVB Daily Chart Analysis

Of my past trades (see prior post from me), I was stopped out EURJPY and GBPJPY longs break even, and stopped out GBPUSD long break even. Currently in: USDCHF short 1.2795 and 1.2779 EURUSD long 1.2309 and 1.2338 EURCHF short 1.5740 I'd like to keep ...

VWVB Daily Chart Analysis