I think I'll go long then. Just for kicks.

$ For The week of 10/30-With Trade Ideas

Uhmm. No they don't. The EURO may spike from 1.5 to 5 and the GBP may go from 2.8 to 15 worst-case 20... but that's during events like NFP. That's just how it is... welcome to Forex. Oanda's pro's far outweigh their cons.

new boy

I average up. Case in point -- I closed my GBP trade today for 290 pips. The true, averaged up pip count was 130... Averaging down is asking for disaster unless you define criteria before you enter the trade.

Averaging

Here's some non-professional advice: Plan the trade. Trade your plan regardless of the direction. The more you try to figure it out, the greater chance of your failure.

GBPUSD

Can someone please pass me a drink... and where are all the hot chicks?!?!?!

GBPUSD

Actually, sorry guys, it's just me -- I'm short 2500 lots... should I go ahead and cover and let GBP run up? Maybe I'll just scale out...

USD ISM Manufacturing Index*neg. like the rest?*

They'll just tell you, "Well, that's the quotes we got from our bank." This isn't the first time I've heard about this from MB... and MB is actually a darn good broker...

$ For The week of 10/30-With Trade Ideas

I look at six pairs. I get about four signals a week that last about 3-6 days.

How many trades in a week

Ughh. Ok. That's fine. You can disagree with me all you want. Sorry if you thought I was hijacking your thread with my opinions. I don't confess to be much of a fundamentalist or anything, so...

$ For The week of 10/30-With Trade Ideas

I see it as the psychology of the market is going to react to anything he says in the short term, regardless if it's priced in or not. Add the fact that with the newly released "jobs hard to get" numbers, if the NFP comes out $-, it could get quite ...

$ For The week of 10/30-With Trade Ideas

...and this move ain't nothin' yet. If King from the BoE (he's talking right now) has any hawkish comments, the GBP will skyrocket even more.

$ For The week of 10/30-With Trade Ideas

Thanks. But, I'm not the only one...

$ For The week of 10/30-With Trade Ideas

I found this quote from news commentary at EFXNews somewhat humorous. Thought I'd share: The market has recently become relatively numb to volatile moves and this could set up a larger breakdown than many people have become accustomed too. Over the ...

$ For The week of 10/30-With Trade Ideas

Well, my conservative PT was 9090... I'm now moving to my aggressive target of 9195...

$ For The week of 10/30-With Trade Ideas

I've been waiting for GBP to react all night. It's time for some chedda'...

$ For The week of 10/30-With Trade Ideas

There are different ways to go about it. You can scale out every X number of pips. Or you can scale out according to Fib levels... or EMA support lines, etc... You should backtest your system and see what PT and SL works the best...

Exit Strategies for Taking Profits

BK, thanks a lot for not getting offensive or anything, and I apologize again if I come off a bit rude or anything. I just find a lot of predicting going on and I try to get people to realize that they can't predict... they spend so much time on ...

$ For The week of 10/30-With Trade Ideas

Perhaps I can help. The reason why you saw it move down 30 pips isn't because of the reaction to the news... it was the usual morning fakeout. Every morning, around 7-8AM London time, the market will take off. Like clockwork, it reverses. This is ...

$ For The week of 10/30-With Trade Ideas

Good stuff Rob...

5 Tricks of Trend Trading, by Rob Booker

BK, I'm really confused as to how you know that there is $+ news coming? Is it because you want the $ to rally? There's no way you can predict it, so I'm curious if somehow you have a magical 8 ball or what? Is it because everyone is saying, "Oh! ...

$ For The week of 10/30-With Trade Ideas