I watch about seven different pairs for my swing trading strategy. I don't usually like to have more than four open. It just gets harder to manage.

Trading multiple pairs at once

Yes. About 5%.Yup. Because trading is 95% mental. I could walk into a pit and tell each trader what the open and close would be for the next day, and half of 'em would still lose money.You will find that most people who make broker excuses are ...

Difference between ECN and retail broker?

Trade #5: 23:05 PST S GBPUSD 1.8247 SL 1.8259 PT 1.8239 A pretty quick night. Much like last night. Except this time we have a loser. 23:11 Stop hit P/L: -12 pips Total P/L: 3 pips

Mr. Trend's Currency Picks

I knew I liked you. Peace be with you.

Who is up at 3am EST to trade?

Dane, when ya gonna move from yuppie Pleasant Hill to Discovery Bay where all the old retirees are at?

Who is up at 3am EST to trade?

Yeah, I hear ya buddy. It's like anything else, heck, ya gotta try it before ya buy it and see if it works for ya... I guess my hangup on wave patterns is trying to calculate the actual waves. I don't know anything about the Wolfe wave, but God ...

USD/CHF

heh heh

Who is up at 3am EST to trade?

You blokes over in Oz aren't quite right anyway, are ya?

Who is up at 3am EST to trade?

Amen to that brother.

How do you trade news?

I screwed up my first trade's P/L. I owe myself five pips. Trade #4: 23:05 PST S GBPUSD 1.8208 SL 1.8194 PT 1.8211 I hit my profit target tonight. Market is in a consolidation, so I bagged my three pips and left. P/L: 3 pips Total P/L: 15 pips <!-- ...

Mr. Trend's Currency Picks

Uhmm, I would SERIOUSLY doubt their claim of getting quotes from ten banks... I know of GOOD brokers who are known to be awesome who get quotes from four... And two to three pip spreads on majors isn't that great. I see 1 point spreads on GBP during ...

Difference between ECN and retail broker?

I guess I miss your point turbo...

How do you trade news?

I guess I've never given much confidence to wave-based trading. Of course all of your oscillators are going to be overbought. Any time a pair rises that fast overnight it's going to be "overbought"... but that doesn't mean you know where it's going ...

USD/CHF

I like Oanda because: a) They've NEVER went down at news time. EVER. EVER. b) They're customer support is top notch. c) I've compared their feed to another ECN on a real-time basis, and even though they're spreads don't change like an ECN, and you ...

retail forex brokers - oanda??

Bwahahahaha, love it.

How do you trade news?

Heck no I don't get up at 3... that's probably part of my problem... heh. I have a strategy where I set my trades at midnight, and go to bed. I either get up with pips or I've given some back. I also have a multi-day swing strategy that I run so ...

Who is up at 3am EST to trade?

As usual MM, you're right on the money (pun intended). I'd say that this has been the biggest problem for me to overcome in my trading career. Once you can master it, you'll make more money from trading less.

How do you trade news?

MM, you just gave away my primary way to trade the news... If a person simply backtests the news events you've mentioned, they will see there's a ton of money to be made within the first 10 minutes or less. That's why I always talk about the ...

How do you trade news?

Trade #3: 23:00 PST S GBPUSD 1.8362 SL 1.8375 PT 1.8354 Stop loss was hit... P/L: 13 pips Total P/L: 7 pips <!-- / message --><!-- sig -->

Mr. Trend's Currency Picks

Oanda. A straddle isn't a buy on one side and a sell on the other. A straddle is actually a buy or sell with the opposite happening at the same time. So basically, you're taking both sides -- losing while winning. Once you feel you've found the ...

Central Banks Watch