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Americans are obsessed with 'billionaires'. What they don't realise is that being a billionaire is probably a pretty shitty lifestyle. Everyone wants something from you, kidnap/scam risks, professionals (lawyers, accountants, fund managers etc) all trying to take the piss via fees, wives (on...

I would think it runs for a bit so when the Dec contracts expire (say the 15th) you'll probably be able to get the data if you ask for it on the 31st Dec. Move into Jan and it might not be available. What I do know is for their spot FX feeds that data is available for a long time. Many months...

Xela, yes, there are lots of news traders, many of them very successful. But the point I was making was that if a trader relies on getting news before everyone else then he's not much of a trader. And yes, your post is 100% correct, people vary so an edge for one (quiet room) maybe nothing...

Traders at home have a big advantage, the ability to properly concentrate. At home you can lock yourself away in a trading room, no noise, no phone, no distractions, just you and the screen. DO NOT discount how powerful this can be. Work at a big organisation and it's very hard, if not...

When I was having a dump today there was nothing to read so I did some thinking instead. And I've thought about the internet not being a big invention (my argument) and I reckon I'm wrong, it is big, it is massive, even though it's still a big network of computers and we had them in the 1970s...

Here's something I've learned - losses can be beautiful in this game because they force you to concentrate more. Profits never force you to concentrate. I can't tell you how many times I've not traded too well in the first 1/3rd of the day (I'm really bad for the first 2-4 hours of the day...

It's good to talk and disagree :)

I also really like the big move in Z Corn in the first 6 months of this year. Got the bulls really excited, they probably all thought they bought around the lows and $5.00 was just a matter of time. But then, bam, all their dreams were shattered and many of them probably froze during the big...

I knew you'd come around to my thinking TEB. You play the role of the village idiot very well but you can't fool me, I know you're sharp.

d08. You're right I'm not that impressed with drones in 2016. In light of humans putting a man on the moon in 1969, nearly 50 years ago, drones as they are now should have been operational by the late 1980s at the latest. We should be on about Drone 4.0 by now. That's the sort of progress one...

Look at when Concorde was developed, the 60s/70s. It blew my mind as a kid. My mate Anthony went to NY on it with his father, I was so jealous. All I got was a walk through at Duxford Airport (UK plane museum). So where's the son of Concorde and the son of that? Imagine the developers in the...

No, not Oanda. It's Ensign for Windows, probably the best charting package on the planet. Slick, fast, super stable. I love it. My broker is IB and I use the excellent Button Trader for order entry.

Good point and a very astute comment TEB. I don't know why but I'm starting to like you. The reason I'm messing around on Forums this week is because I've taken the week off to finally crack Gliding. Just bought myself a big gliding simulator (hardware) and working on my precise turns, my wing...

When people first get introduced to the 7th Law they think, ok got it, look for smackdowns and then trade the reversal of that move. That's one way the Law works. But they normally miss the far more subtle part of it. A strong market that keeps its strength is also a market that is...

I'll post some more setups over the next few days. This one isn't the best, I'd grade it as complex, others are far simpler.

Who's they? The boys or me? If it's the boys, they normally create the event, and I buy after the event when I see that people have been minimised and the majority have to buy to either cover shorts or to get long. If you plan to buy before the event or during the event you can't use a tight...

Yes, you're right, price can swing up and down very quickly a lot of the time. But not if everyone wants it. Then the probabilities say a) it's not going down so a tight stop can be safely used, and b) get ready for lift off. Use a tight stop in such situations and get ready to regularly...

Too true. People like him are great marketers. Same with the trading educators, the best are the best marketers, not the best traders as they would like you to think.