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Sorry try this link http://www.ocra-offshore-banking.com Runningbear

As a rule of thumb, if your commissions are more than 50% of your gross profit, you are probably overtrading. Runningbear

Def, If I set up a universal account in Aussie dollars and trade the eminis, are they traded on a margin loan, and if so whats the interest charge? Runningbear

Also setting your new line in the sand just under obvious support points will reduce the chances of getting whipped back and forth too often, as when they break through it is likely the price will move across them fast rather than churn as they may over a range bound area. Runningbear

Just looking at some daily charts, and thinking about exits for this system. It may be as easy setting a profit target of say 30 points. When your profit target is reached you simply make the price 5 points under the current price your line in the sand. This allows you to continually profit...

If you draw a line in the sand, you could get whipped long to short, short to long 20 times before the price diverges significantly from your initial entry. I think this strategy would work very well in extremely overbought or oversold conditions. When you have a hunch the market is ready to...

Have a look at www.orca.com This site has a comparision of each off shore haven Runningbear

andy, can you give us your running profit or loss at the end of each trading day. It will give us a better idea of how you're performing over a larger time frame. Runningbear

Yes this post is a joke. Why don't you all just wait till you die before deciding if there is an afterlife. Runningbear

Now before anyone gets too excited about setting up an IBC and paying zero tax on trading profits, there are a few important details you need to consider. Firstly, setting up an IBC is not easy. An off shore bank will require a letter of recommendation from a reputable, and suitably large...

I drink a cup of tea. It doesn't sound like a big deal but I have to have my tea prior to sitting down at the screens. Runningbear

My system often reverses short to long or long to short in certain circumstances but not always. There are times when market noise will kill you. Runningbear

Rickty, IB is your best option. There are plenty of Aussies who trade with IB. They even advertise to Aussie traders here to open accounts with them because you can trade the SPI contract with them. They are 70% cheaper than Aussie brokerages for trading the eminis. Runningbear

Congratulations Aphe, If 50 straight heads came up in a row. You would indeed be asking yourself if the games was rigged. A gambling man should always know that the game is not to pick the correct side of the coin, but if fact to take the money off the guy flipping the coin. Does fifty...

I use a system where I place an equal sized bet on the 1st and second 12. I have a 65% chance of winning 33.3% of my money back. If I lose I triple the bet. I then have an 87.75% of winning the second bet. If I lose both bets I cut my losses. This gives a smoother equity curve than black /...

I think the market looks ready to break down into next friday. NASDAQ 100 in particular could shed 3 or 4 % Runningbear

If you want a system, got to wealth-lab.com and just pick one. There are plenty there. All free. Runningbear

Markets always go down faster than up. I love the short side. During the 98 Asian currency crisis I made 30% on an overnight short trade. I've been in love with the short side ever since. 70% of companies that float eventually fold, or are taken over at prices lower than their float price...

Long - Inside bar followed by a high, higher than the bar of two bars ago. Short - Inside bar followed by a low, lower than the bar of two bars ago. Anytime frame Runningbear

Gordon, The point I was trying to make with my post can be sumed up in one line from Caddy Shack. See the ball. Beeeee, the ball. Runningbear