You might wanna look up what currency speculation is. Anyway, there have been scams similar to what the original poster here talks about, that is, market manipulation or "pump and dump" schemes. The forex is not the best place to do it, nor am I ...

Idea for trading where everyone benefits..

But in the coin toss example you also don't have to pay spread. If you were to calculate spread (or other transaction costs) into the equation, even the coin toss example would yield a negative expectancy. The assumption that the coin is even sided ...

Soultrader's Clinic :)

It's been pretty well proven that MM cannot turn a negative or zero expectancy positive. It is clear from the way expectancy is calculated. If you look at expectancy as a function of position size, you will notice that it is linear: its slope, or ...

Soultrader's Clinic :)

Very well said.

Fed cuts 75 bps - and I look at EJ and get a deja vu..

Maybe it's the stubborn Germans that took out Prodi after voicing his opinions about ECB policy.

Wall Street close watch

France will probably join in, but their pleas may fall on deaf ears. ECB officials are standing their ground (See Weber comments from Davos). If anyone can be persuasive enough, it's Germany (their dreams of ruling Europe have finally ...

Wall Street close watch

Yes, I've been saying for a while that I really think Trichet is going to stick to his guns, unlike Ben "Wall Street's bit*h" Bernanke. Haha

Wall Street close watch

You want some more Bloomberg comedy? Where did they find this guy? I wish I could grasp his technical analysis techniques .

Wall Street close watch

FOLKS, WE ARE SEEING A BOTTOM!!! (Ben Bernanke's bottom, that is, as it gets spanked by the market).

Wall Street close watch

Look at it this way: The scheduled FOMC meet is not too far away, so from a fundamental standpoint, they really could have waited... But by then the technicals would have looked even more grim, and it would have been too late TECHNICALLY. That's a ...

Fed cuts 75 bps - and I look at EJ and get a deja vu..

I usually choose my words very carefully, and my choice of the word "feel" is no exception. Reason being that purely rational thought tends to break down when trying to gauge a very complex situation. That is why humans tend to be better than ...

The fundamental terrorists must be stopped

Fundamental analysis is subject to a lot of noise, much like your charts. A good chartist can sift through all the noise and find the underlying "signal", as can a fundamental analyst in his field of study. I use all the news/gossip/BS that comes ...

The fundamental terrorists must be stopped

I mentioned the word "intraday" which is specific enough. The actual timeframe is irrelevant as long as you can actually make out exactly where the levels are that you want to trade. I usually use 1H for the S & R and fib studies, zoom into 5M to ...

Corrections

You can manually back test this very easily, although it is time consuming. Back testing should yield optimal stop loss and take profit levels for each pair, as well as a win ratio. If the numbers look good, and they do, you can trade it live - but ...

Corrections

I often scalp USD/JPY and EUR/USD corrections using intraday fib levels after a big move, as well as important S & R levels. These trades are very quick, with higher risk than reward, but an extremely high win ratio, and I can have several market ...

Corrections

The fact that there is no central exchange in the forex makes it rather impossible to see all the liquidity. Yes, if you have level 2 from your friendly neighbourhood ECN you can get a glimpse, which can be useful, but you will never get concrete ...

How do you know all the positions held by big players?

In sports, if you wait for No.1 to actually fall, then it's already too late to place a bet. Same thing in fx. If you wait for the USD to fall too far, then you've already missed the opportunity. It's those who can anticipate the fall, and put their ...

I see oil reaching 100 USD?!

As soon as you open your "hedge", you are in effect closing your original position (at a higher cost I might add, since you are paying spread once again). Depending on who your dealer is, you may also be eating more of your margin. The only possible ...

Do you hedge?

I was under the impression that the European scheme is much larger than anything in the States, which is why I said Phil, do you have any volume numbers? That would be interesting to see. Anyway, Kyoto is certainly far from perfect, but the economic ...

Trading the Supermodel Indicator