Tempted to go Long here, reason being Eur in a uptrend price area, could create GPB buying.

Cable Update (GBPUSD)

Stupidly slow isn't it, keeps bouncing off the 24hour SMA. Eur still Downtrending so no ones got a clue direction wise yet. Ohhh well next rich next week

Cable Update (GBPUSD)

Trying to predict long term to me is gambling, no way to predict just react to what is happening live. Atleast the moment, wish I could make money from a sideways position Still slight uptrend here, well over 24hour SMA vaguely so means hold Long ...

Cable Update (GBPUSD)

Given the time to build the account up, in theory IF ( big IF 98% Fail ) anything from a good wage to a retire and never work / trade again amount. So your odds are 1 in 50 of making it to long term profitable, everyone ofcourse thinks that they can ...

How much money can be earned after years of study and trading

I read it as 00:05 area, ie just into the new day, get a run around this time frequently I generally watch for something to reverse.

35 pip spike on majors?

I assume Duke of Dents was joking, and isn't holding GBP/USD long actually anti american and sadly Pro British ?? The problem with that logic is, they both suck sadly, UK's just the 53rd state after all Held Short pretty much all day for 9pips ...

Cable Update (GBPUSD)

The other day I got stopped out 1 point below FXCM's Low of the day, which is pretty impressive Also, the GBPUSD Spread drops to 3pips in busy times, which is nice, BUT... I closed a trade showing +15 and there new market order on close only got ...

FXCM Discussion

HidetheReal "Playing it safe/consertaive is the reason that traders succeed." Thats also the reason alot of traders don't get anywhere as they play it safe and don't let there profits run. It's also all fine and good, with a 10K account, but with a ...

10 pips a day

The issue with making 10pips then out is, you.. Make 10 Lose 20 Stopped Make 10 Lose 20 Stopped Make 10 Get Carried away lose 60 stopped. Even if you only win 50% of the time, you've got to make more than you lose, simple really If you Up the ...

10 pips a day

Well I disagree with systems aimed at making Small Profits, okay sometimes it's fine to go errrr dunno and take a small profit rather than letting it stop you out, but................ If you aim for 15pips profit ( 20pip move with Comms included ), ...

Taking profits early, is this a sensible trading strategy?

Yeah like my account will hit 100K, then plan be hit 10K, withdraw 5K and repeat, keeping some of 5K to one side to start again if I have a bad month. Do I really need more than 5K in the account to make a living ?? do I really want to trade at $100 ...

So your brokarage account just hit 7 figures

In a WW situation, I suspect :- a) The Internet will close down to prevent it being used by spys and the like b) You'll have more important things to worry about that money. Don't see it going the same was as Gambling sites just have, which I guess ...

Hey, Newbie got some questions

FXCM user for 2years, Demo and Real, got to admit I can't fault them for my purposes, wouldn't move to anyone else, helpful having a UK based office aswell. I'm getting alot of requotes recently, is my only real gripe, like 8 or something in a row ...

FXCM Discussion

But systems only work, because enough people use them, as no one can agree on the correct way to calculate Pivot Points and it's mainly subjective anyway, then this just doesn't work. If you get the pivot points, from some news feed or the like, ...

Pivot Points

Same size, Percentage Swings, it's just the GBP is a bigger number, so you get @60% more pips, why also the Spread is approx 60% larger to, ( 5pips rather than 3 for eur )

Determining Trend Using Price Alone

If the US Stock markets get a rally, then in theory the GBP/USD should go down. but to be honest, it doesn't follow, it's more of a if the Stock markets are getting a good move, then the Forex gets forgotten about and normally does bugger all.

GBP Losing Ground Against the Dollar?

Don't worry about the Trend changing on you, thats what you've got stops for, the odds are the Trend will sustain, play it and no fear over all you'll make good $$$$.s Shame all the 24hour hits where like 5am GMT time though, for my entrys

Determining Trend Using Price Alone

I'm sorry, but what is wrong with a 24hour SMA. ie 48SMA on a 30min, or 288SMA on a 5min. If the Market is below 24hour, and especially if the 24hour is pointed down, then favour shorts., short near and take profit near Envelope Same SMA, Dev .6% on ...

Determining Trend Using Price Alone

They work by the rule, if you throw another lines onto the chart, sooner or later one will get lucky, sadly that is about all there is too them. My advice look else where. ( edit to be nice, they are better than trading blind, Just )

Pivot Points

Impossible to predict the future, all you can do is go along with the trend and hope it doesn't change to soon. At the moment, the Trend be down. I'm assuming your long at 8860, the recovery was even weaker today, so suggests more down side. good ...

GBP Losing Ground Against the Dollar?