Nice move down on Cable today. Seems 1.57 may now be support, where it was resistance before. Am looking to go long tomorrow if price action looks favorable. From there we should head towards 1.60. However on the weekly, if we break much further ...

Silent Service Method

Hmm, you were about two hours too early. But its going down now

papaki's calls

I didn't do it. -Bart So, now we can buy EUR and watch it go up to 1.40 !! Yee!! A small retrace might be nice first.

Silent Service Method

I just want to say this is music to my ears. I am a US based trader that is fed up with our government's meddling in the markets. The new US regs are being levied on us with next to no input, "for our own good". Europe broker's cowering stance ...

GoMarkets Discussion

Forexlive posted on this earlier, they said they don't believe it was BOJ intervention, just a large order for someone. It's retraced to nearly the 50 fib from the intervention point. I think BOJ is seeing what happens when you try to move the ...

Silent Service Method

To paraphrase Monty Python and the Holy Grail: King Arthur: "On second thought, let's not trade the Yen. It is a silly currency."

Silent Service Method

So, here is the press release from the CFTC site. I don't see anything here that refers to either the rights of traders to choose a broker outside their jurisdiction, or anything that would impact the rights of brokers that operate outside of the ...

What will US citizens do now with 50:1 leverage?

Seems like its still a gray area, in terms of what we can and cannot do. The regs themselves are for US brokerages. I'll have to go back and read the ruling, but I don't believe there was anything in it prohibiting US citizens from opening accounts ...

What will US citizens do now with 50:1 leverage?

Well, I'm a "small guy" as far as investment funds go, and I've been out of the stock market for a while now. Most of my funds are managed by Mr. Bill Gross' company. And they are doing just fine, and with lower fees, than the up and down roller ...

Silent Service Method

will it pull back? — Traders don't like being pushed around by central banks, but in this case the BOJ has plenty more ammo. Will be interesting to see if there's a pullback to around 84.30, or half of today's move up. Still some analysts ...

Silent Service Method

How about a simple daily trendline? I think to identify a general trend, you should stick to higher TF's.

Indicators for trend following

Thanks Infinity! I didn't know Oanda had gold and silver. Of course some of the MT4 shops have it as well, if you trust them. I am using bullion vault currently, but really I don't own enough to make it necessary. I would recommend them if you ...

Silent Service Method

Nice Call, its up to 1267 as of 10:15. I was thinking about pulling my gold account and putting it into Forex trading, but maybe its time to buy again? I can't short gold, only buy it, which is rather inflexible. OTOH, when I buy I own physical ...

Silent Service Method

I'm looking at this setup on EUR/GBP... if tomorrow doesn't bring any surprises, looks like a counter-trend trade from the 8200 line. I like that we've gone up and retested this recently too. Pin bar would certainly help but haven't seen that yet.

Silent Service Method

My parents have cable TV. Every time I visit them, I'm reminded of why I don't need it. "57 channels, and nuthin' on" - The Boss

Silent Service Method

Hmm, perhaps "pattern" is too strong a word. How about "tendency" towards over-regulation? My point is, in the interests of protecting us, they are going a few steps beyond what the rest of the industry has agreed to as standard leverage. Perhaps ...

Silent Service Method

Infinity, I understand your point about having too much rope to hang ourselves with. It shouldn't affect anyone who understands good MM and keeps their risk to 1-2 percent per trade. But it does follow a pattern of over-regulation on the part of the ...

Silent Service Method

CFTC makes a ruling — In case you haven't seen this - We have until Oct 18th if you were planning to protest this and leave your US broker. At least, its not 10:1. url

Silent Service Method

Yawn — I wouldn't say NFP by itself provides much of a direction. Mostly it provides news traders with something to do once a month. Especially when they just print the number from last month. It might even get revised later. But I do think ...

Silent Service Method

...More deep trading insight from our fearless leader. Amen brother.

Silent Service Method