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I don't know what "the public" is, I've never seen such a category in a COT report. However, I guess it would rather be small specs / retail traders. I'd be surprised that a large hedge fund is considered as "the public".

Ignore small spec (retail traders) and commercials (used for hedging). You want to know how the large spec are positioned. You can have a look at this article: http://www.babypips.com/school/the-cot-trading-strategy.html

I would say the contrary... max slippage you have with a standard bucket shop like Oanda is 0.2 - 0.3 pips.

Do you have an example? Look at the COT in EUR/USD last June when it was around 1.19. When the market is one-way reversals can be quite strong.

Day trading for yourself and managing other people money is 2 completely different jobs and worlds. I think what most of day traders are looking for is freedom (doesn't mean being rich like a zillionaire) and they love to be independent. The experience of Marty Schwartz is particularly...

A must read on this forum: http://www.elitetrader.com/vb/showthread.php?threadid=147883

Definitely a book I would recommend. I've read it twice and have learnt a lot of useful strategies: failures, failed failures, failed failures that fail :) Seriously, there are a lot of very interesting ideas I haven't found anywhere else. Filtersweep summed it up pretty well at the...

I'm sure it helps to structure concepts and clarify things in its own mind... same as mentoring.

This is the second largest oil producer in Africa after Nigeria.

I've read on Oanda website that you can trade up to 10 Mil with their standard spreads. Plus their leverage is 50:1, and you get paid interest on your deposit :) What is so great with EBS ? good platform / software ?

Interesting, I thought about that stuff too: I came to the conclusion that if you wait for the price to retrace a bit you're going to miss the BEST moves that do not retrace and keep chasing an entry. Do you think that overall it is better to wait for a small retrace and giving up entries in...

Maybe Anthony Ward was tired of buying cocoa :)

No, it isn't.

You can open an OANDA FX Game account.

But don't you pay taxes if you're a day trader ? I thought you needed a main stream of income to be eligible to the tax-free status ?

Agree it looks over-extended, near the trend channel line, with multiple divergences ... but trying to pick a bottom is a risky businness ! And look at 80 on the monthly, it appears like a magnet to me.

Obvisouly you let this winner run very well, congrat for that ! I would have been a bit less agressive than you since we didn't have a re-test of the high when you took the trade. After the lower high was established around 1.3793 (first pull back) I've clearly seen your target was very...

Hi Greg, glad to see you still do well with your trading. Maybe we can discuss a bit your trades and learn from each other. For this trade I was wondering how did you set your target ? I could have taken this counter-trend short, but for a 10 /15 pts scalp max. Looking at the 5min...

Good to hear ! And I hope you only have 1 losing day per week now :)

Because I assume you would live and work there. I was wondering if you only had an offcial address but still live in Italy ? I'm French so it should be very similar to Italy...