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It can but also why can't it go higher? Most analysts are saying Cable is going down to 1.2000 and this is after an already good move to the downside. Analysts traditionally base their forecasts on what the market has already done which means they're normally too late, and wrong. Gold is a good...

Just another reason why having a US passport is not good news. FACTA, the ban on FX, you can bet the US government is going to push that jackboot just a little bit firmer on the throat of its citizens. And all this from the fabled land of the free and home of the brave (but obviously not brave...

if the Algos could mess with everyone's orders at will there would be no market. Algos are basically market makers, they're good for the business, but at the same time are not perfect. The market will go where the market wants to go regardless of algos, you, me, or anyone else. Pick good spots...

We can all look back with hindsight and say I wish I'd bought/sold ABC stock at x etc. For me, the only trade I missed which really pissed off is not shorting puts towards the end of the 2008/9 mega dump when volatility was basically pricing them for the whole stockmarket to go to near enough...

Yes zrosy, I forgot to mention, when I enter via a stop it's always with a limit on that stop. I mainly trade Cable and fix the limit at 2 ticks (big ticks). Button Trader makes this slick. When entering via a stop you have to be able to accept slippage but the last thing you want is crazy...

Thanks Pat, shame as I like your software.

I agree with you Patrick, if possible use some sort of smart logic to trigger the stop. By the way, does TT offer access to cash FX or is it just for futures? Thanks

All indicators are good but the trouble is most don't bother to work out the ins/outs of an indicator. That can take a year and often years. See, it's not always about how/why the indicator works when it works it's also about the how/why when it fails as they can either offer great trades or a...

It's not a good way nor is it a bad way, just depends on what your strategy is. Personally I enter 90% of my orders via a stop because I'm after momentum moves so the stop being activated would indicate momentum. Yes, slippage will often occur but that isn't always bad because it can indicate...

Even if the odds are 95% against that still leaves probably a million+ profitable traders around the world so NEVER think it's impossible. Impossible means there would only be a few, but there are many.

Tight ranges no. But ranges are fine. As Handle says, sometimes you can only grab say a hard 5, other times the market gives you an easy 30. Grab what you can within the context of the current character of the price action.

Which is why a good trader has to have IMAGINATION. You have to be able to imagine what may happen and then trade it. For example, price is trending down, we get a sharp rally often into some sort of area where it broke down from in the past. The boys are probably playing their games, pushing...

Same as it ever was. Banks basically stealing from customers, pay a fine (protection basically), and everyone gets away with it. And who pays the fine, usually it's the shareholders who of course did nothing wrong.

1. Use the smallest stop possible 2. Use the smallest stop possible 3. use the smallest stop possible 4. Use the smallest stop possible 5. Use the smallest stop possible 6. Use the smallest stop possible 7. Use the smallest stop possible 8. Use the smallest stop possible 9. Use the smallest stop...

The announcement only applies for US clients, not non-US one's. This has been confirmed by IB. What with things like FACTA and now this the government of the Land of the Free forces the jackboot just a little firmer on the throat of its citizens.

I stand corrected then Robert. I don't trade FX futures but I occasionally look at their prices and on my Button Trader they're always listed as trading without the half tick.

There's plenty of liquidity in CME FX futures for most people. But the trouble is there is no half tick which for something like the Euro is a joke. Plus the dopes who setup the futures all those years ago made a big mistake, they listed some of them the wrong way around, CAD and Yen for example...

What a bummer. Does anyone know if this only applies to US citizens and not non-US ones? Thanks.

That's why you have to go down to the gym 5 days a week (40 mins, 20m cardio, 20m weights) and get MINIMUM 8 hours sleep a night. Proper trading is NOT a career, it's a LIFESTYLE. No different from pro sports, everything you do 24hours a day has to be complementary to your game. If you...

Too true. If they were better traders/investors they'd worry more about picking stocks that actually go up or down rather than about alpha/beta etc. Alpha/beta are a similar catchphrase to 'risk-on/off'. Whenever I hear that phrase I'm always reminded of the blind leading the blind.