I missed that trade I was not in front of my computer because I was changing a diaper and by the time I got back to the computer the price had gotten too far away from the entry for me to buy. If you look at my thread though one of the guys (Olarian ...

Forex = legal scam

I have been trading for more than ten years in equities, futures and forex and NOTHING even remotely close to this has ever happened to me.

Forex = legal scam

What is undeniable is that this is exactly the strategy that I teach in my thread and employ every day. Trading is only unbeatable if you have given up and resign yourself to being a loser. I think it is time for some education about how brokers ...

Forex = legal scam

I have many of the same problems. I am normally looking to exit between thirty and eighty pips. I like to hold at least to a level that would be one of my entries but I will take profit at a place where price stalls too. I have said many times on ...

Ramblings of a Forex Junkie

Thanks for stopping by.

Ramblings of a Forex Junkie

Just to be clear I am not denying that retail brokers shade prices. The real spread on EU during liquid markets is normally .3 to .6 pips. Your retail broker is being compensated in the increased spread for allowing you access to the forex market ...

Forex = legal scam

You are evading the most important question being asked. Please explain to all your faithful followers how a broker, any broker can steal the fifty pips that would have been earned in the trade. If I bought at 3040 and sold at 3090 how would my ...

Forex = legal scam

I take it you have lost a lot of money in the markets and are looking for someone to blame.

Forex = legal scam

I don't work for a broker. I was a losing trader though, and I overcame it. It was damn hard and I know the mistakes and bad trading decisions that lead to losses and the broker shading price half a pip had nothing to do with it. Now, answer the ...

Forex = legal scam

Seriously what could my trading history possibly have to do with this simple question? If I bought today at 3040 and covered at 3090, what could a retail broker possibly do to steal my money? Do you think they could move the spread down fifty one ...

Forex = legal scam

I'll answer for you, they can't. Other than the pip or so on either side of the real bid and ask no retail broker can manipulate price. If they tried they would be arbed out of business. I do agree with you that once you have fifty thousand or more ...

Forex = legal scam

You're not going to answer the question are you?

Forex = legal scam

Instead of repeating your same argument again how about answering my question. If I or any other trader bought EU today at 3040 and sold it at 3090, how can any broker cause me to lose money?

Forex = legal scam

Every thing you have said about brokers taking orders internally and managing spread to make profits is true. Brokers will also print prices that the interbank market never actually touches. Also true. The retail brokers are the only avenue for the ...

Forex = legal scam

After all your valuable information about support and resistance and price action he wants to know what moving averages are on your chart.

H4 Power

M & W patterns do have some validity. Look at the EU today. The key is to make sure you aren't trading a pattern that appears out in space. The chart below has some lines. These are the areas to take a stand today. You can believe me or not but ...

M&W-Trading

url The meat of the method is in the first thirty or forty pages but I recommend reading it all as we discuss trade managements and specifics every day.

M&W-Trading

Today was an excellent example of banks shading price to fill orders. In the EU chart below the blue line is the previous week high. Note (the shaded area) that when the retail sales and PPI came out they were dollar negative. Price initially shot ...

Order Flow Trading

I take the pair at the extreme.

Ramblings of a Forex Junkie