I just entered short at 1.8689. But not so confident with this though. I hope your shorts are not killing you. USD is getting weak after being overbought for a week.

Cable Update (GBPUSD)

Daily MACD is showing signs of "exhausted sell-off". A break of 1.8500 should provide fresh downward momentum. But before that, scale down your short lots.

Cable Update (GBPUSD)

GU going down to 1.85xx! GU going down to 1.85xx! GU going down to 1.85xx! GU going down to 1.85xx! This is what we hear from left and right all over the place! And when you just short GU hoping for 1.85xx, GU starts going back up. Lets hope this is ...

Cable Update (GBPUSD)

If you plan on holding a swap negative position for more than 3 days, chances are, the broker will tell you to: a) "close the position or we will close it for you", or b) "close it or pay the swap fee", or c) "close it or we will close your ...

roll over free brokers (does NOT pay interest)

UK economy may be bad, but what keeping GU up is the manipulators.. London controls currency market, while USA controls the equity market.

Cable Update (GBPUSD)

PHP is perhaps the easiest to trade if you know the economic cycle in the Philippines. During year-ends (Oct - Feb), Overseas Filipinos send their money to their relatives. Surely they also send almost every month; but during these mentioned months, ...

Phillippine Peso

They just realized you were making money - thats all. Whether you trade news, scalp, day trade or whatever style you do, if you make money with a market maker, THEY WILL SCREW YOU! I'd go with ECN.

GFT gone very slow

I dont have idea. I am not interested in any MT4 brokers at the moment. Dont get me wrong. I posted PFG as an FYI and not as a recommendation.

FXCM MetaTrader 4 Launch Update

Sorry I forgot to include the email from PFG:

FXCM MetaTrader 4 Launch Update

I can attest that IBFX do not welcome Scalping. If you hit them 1 time too many, they will close your account. Like the above post said, if you consistently "win 100% of the time" scalping, they will throw you out. So why in hell would a broker boot ...

Oanda vs. Interbankfx for Scalping

How about PFG - Peregrine Financial Group? They have MT4 implementation already; check the delicious spread. The list of "reputable" MT4 brokers has dwindled down to a few. Finding one is hard amongst the sea of unscrupulous crooks. For the EA ...

FXCM MetaTrader 4 Launch Update

I assume you mean: Lots = ( (AccountBalance * Risk%) / StopLossPips) / PipValue Or equivalently: Risk% = (Lots * StopLossPips * PipValue) / AccountBalance Can anyone show where Leverage in this equation? From smjones' equation, it is clear that ...

Lots, Leverage & Risk

NFA? CFTC? What is that? Call me an IDIOT Novice at that time. But when the next occasion came to me (I was cheated my UGM a few months later), I filed it with NFA, CFTC, Attorney General, Better Business Bureau and what did I get? Nothing! Maybe, ...

MT4 Brokers' Virtual Dealer Plug-In

Do you honestly think that I could have sustained and fed my family of 2 kids for 2 years solely trading news? Though I am not very good doing non news trading, I still manage to make money through mechanical (EA) trades and manual scalping. News ...

MT4 Brokers' Virtual Dealer Plug-In

All retail brokers I have talked to always claim they prefer traders to make money - the more money I make (with them), the more money they make too. They are implying that they make money on spreads. YET, when I do make money, things start to sour ...

MT4 Brokers' Virtual Dealer Plug-In

LOL! to Yoda, Or course brokers will never admit that they are cheating us or is implementing something dubious and disadvantageous to the traders. They will always claim "Instant Execution", No Deal Desk, Straight Through Processing, Multibank ...

MT4 Brokers' Virtual Dealer Plug-In

Isnt that interesting? A Mother Company creates child forex brokers. Takes money from clients, then mother company charges broker a huge operation fee. Broker declares bankruptcy. Operation Fee may come in the form of "Loans" the mother company lent ...

US Bankruptcy Code