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I was there. Carson's Ribs. I remember that night well. And yes, there is a picture floating around from that night. Pabst and those hot pink pants he had on. I'll never forget that. Poor guy will never live that down. I'm no longer in Chicago or would love to grab that drink. Hopefully...

There's a fresh face! Dragged one of the lurkers from the shadows. Can you clarify what you mean by currency index? Do you mean the US Dollar index?

Wow, another ISEE blowout. Printed over 200 today on the total index which almost matches the 52 week high and the equity only index broke through the old high printing a 265 reading. Both readings went out on the high tick of the day. My God are people bullish. They were buying calls with...

Attention please, attention please. I've been officially hired by TJ to act as his spokesman for the duration of the thread. We have no comments on stop losses. We will not be answering any questions regarding p&l. If you would like to hire TJ to be a full time trader for your multi-billion...

Sub accounts are useful if you want to trade different strategies in different accounts. For example, one sub account could be for short term trading, one for long term or maybe you have an experimental strategy you want to run and keep it separate from other strategies.

I believe you can choose the base currency. Here you go: Multi-Currency Accounts Open Sub-Accounts in Several Currencies OANDA's fxTrade customers can open multi-currency fxTrade accounts in any one of the following currencies: Australian Dollar (AUD) Canadian Dollar...

One other thing I failed to mention regarding FX Oanda and ACD is that on Oanda you can trade gold and silver in different currencies. For example, you can be long gold and short yen. This would be ideal if you have a confirmed number line on Gold or perhaps lean against an A level (we just...

King, for longer term traders and even swing traders. I don't think time zone matters. I'll throw some bones out here. If I wanted to be long USD/JPY for example and it was trading at 101.50, I'll put some bids below the market at 101.10, 101 and 100.80 let's say over night. I already have an...

Nothing is "for sure" in this business Donny boy. Happy Holidays!

I've never clicked on the link. He got my e-mail the way all these vendors do, through mailing lists.

Alright, now for the newbies. There are a lot of new traders on ET and on this thread looking for the right way to get started. Most new traders seem to gravitate towards stocks. Usually penny stocks or low priced stocks. Some try to dabble in cheap options. Some make the HUGE mistake of...

The key word is "some". Think of the dollar as a forward contract with a term structure. You are long the dollar in one term and short it in another. You are swapping one risk for another. That's how trading works.

Beau, why do I keep getting your spam in my mailbox asking me to subscribe to your signals? I get at least one e-mail a week. How many subscribers do you have?

I use high/low averages for all calculations. Don't tell anyone. :)

Well, like I said earlier, the volatility in oil far exceeds to volatility in the dollar so in reality, over short periods of time there is no risk. Theoretically there is long term risk if oil exporting nations believe they are getting paid monopoly money for their natural resource. And no...

Mostly in cash.

http://voiceofrussia.com/2013_10_27/The-beginning-of-the-end-for-the-petrodollar-2572/ http://www9.georgetown.edu/faculty/imo3/petrod/petro2.htm Some more useful info...

Actually no, crude is priced in something called petro-dollars. They are crude barrels over dollars. I believe they are about to if not already going to offer petro-euros. This means that EVERY country in the world has to convert into dollars to purchase oil. The Saudi's are NOT interested...

Most of you guys have probably heard me say on here countless times, follow the money. Even if all you trade is oil or spoos, follow the money. The demand ALWAYS begins with the currency. Why? Because that is the unit in which your product is being bought. You may not realize this but when...

So here is the soliloquy I promised on currency trading and ACD. This text has two purposes. One, to help guide any newbies reading this thread who are trying to start out in trading and don't know where or how to begin. The other is to show some of the more veteran traders what I believe are...