gold tanks.. — Gold made a crazy down move today.. just getting into gold TA, would you consider buying it on the dip at this level? I scalped and still banked over 600 pips today in gold, smooth movements..

XAUUSD (spot gold) update

pretty sure, ran a small trade to check as well. Gold spread at about 40-50 pips. I guess I should check out futures, which broker are you using? I see Waterhouse on the MT4 has charting for gold trading on the cme

Silver: Strongest Volatility In The Market

spread — Salah what kind of spread are you working with? Spread is 400 pips on oanda, if the range is only 1000 pips, that doesn't leave to much room to cover 400 pip spread or am I missing something? Plus looking at the Gold movements with ...

Silver: Strongest Volatility In The Market

proper sl — Hello and Salam syafi, 1. I see you got a 1KT title, congratulations. 2. As for the statement above, it is hard to define the "small losses". I currently trade with a fix 50 pips SL, but it is hit too many times... My TP is usually ...

Peaks and Valleys (Trading Naked)

depends on market — For swing trades, will use the 4hr to Daily charts with weekly s/r levels. Intraday, 15 min all the way down 10 sec. charts.

How many time frames do you use?

research — You can research it yourself, google for analysis on the currency's pair or research the economic condition of the country. You have to keep in mind that you are not necessarily looking for too much of an appreciation of the ...

Safe Carry Trade For $100K ???

eur/jpy — Eur/jpy turned around right at the weekly R1 line and Gbp/jpy was about 50 pips away from that weekly R1. I do agree that it was a spike down, coulda been a large set of orders waiting at that level for a sell.

Why the sudden drop in GBP/JPY???

be careful — Human discretion is very important in trading this system. You have to be able to gauge the strenght of the movement, whether its news driven, or is it from a session open, plus you you should look out for any major support or ...

Strategy to take safe pips every day

fx trading — Hi Jyoti, something you might want to keep in mind about trading currency, most over here are short term traders/position traders. I see you come from a stock trading background, and seems like you have done pretty well. Don't ...

Gold at 1000USD!

something for you to consider — If you have 100K denominated in US assets, and looking for non risky investments, first identify a few currencies that have room to grow in the next few years, that would be good against your dollar denominated ...

Safe Carry Trade For $100K ???

Hilmy is right, success is a matter of perspective.. Some people are happy making 2 high probability trades a year and netting 30% and some people need to make 10% month. Some people are happy trading less, some people need to trade everyday and ...

What made you successful @ FX

Hey man, my heart goes out to you.. This story really kinda hit me, I mean its Christmas time and end of the year, everyone is out with family and enjoying themselves and when you read something like this, you kinda begin to feel how so many people ...

My life is spoiled

stoch or rsi — If you look at the two indicators you wil notice they show different things.. RSI is most often used to gauge price momentum, stochastics is used for oversold and overbought conditions.. In either case, depending on how you are ...

stoich or rsi

Eurjpy/eurusd — I have been comparing the two pairs as well for a while and even though the eur/jpy has large swings with greater profits, we have to take into account that greater profits go in hand with greater losses.. It all depends on a ...

Linuxtroll Simple Scalping

USD/CHF — Hello Igrok, A while back you had mentioned that the usd/chf has a bulletproof level around the 112 or 113 area if I'm not mistaken and price shouldn't come below within 2-300 pips of that area.. with the bearish dollar sentiments ...

Igrok Method. Q's & A's. Comments, thoughts and ideas

[quote=arielkorber;1618804]Trading is like driving blindfolded down a long road with a cliff face over the sea on one end, and a luxury golf course on the other. Your first aim should be to build a solid wall on the cliff end, making it a dead end. ...

Linuxtroll Simple Scalping

Most retail brokers are market makers so with that kind of volume you may not be getting the best fills, plus the spread at most retail brokers can be an additional 2-3 pips on majors over the interbank rates.. so you're basically incurring ...

Liquidity - Question on trading BIG lots

Thanks syafi for your input.. but like I was saying ( and I could be wrong), thats just TDFX, and probably also internal bid and ask and not a true representation of the depth of the market isnt it? If i was in Oanda or trading throught hotspot, now ...

Linuxtroll Simple Scalping

Thanks Ed, will look into that today after the news..

Linuxtroll Simple Scalping

I find it hard to believe that with your small order you can halt movement in a fx environment where there is no central exchange.. Again as for low volume time of day, I'm trading LT's strategy, my rainbow patterns don't form during low volatility ...

Linuxtroll Simple Scalping