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I know :)

Just to be clear, that is also the way I would define it - if I bought 1m of EURUSD at 1.3960 and sold it at 1.3970 that would be 10 pips no matter the size - the movement, not the size is what's referred to. However, I've seen it been talked about in the matter I referred to previously. So I...

I agree that consistently capturing 300-500 pips of movement in EUR.USD would be very, very close to impossible. I shall not say never, but I'll believe it when I see it (or a statement, rather). But I would assume that in this case it would refer to lots of 100k or 6E-contracts of 125k...

ScapGF, you're the one who doubted that the movement was there. What one is able to capture is a whole other matter. moarla does not have to prove anything, as the discussion started out with questioning if the zig-zag movement was even there to begin with.

ScapGF, without commenting on whether it's "easy" or "hard" to trade FX, watch EUR/USD during the day and observe: Up 10 pips, down 20, up 10 pips, down 20, up 10, down 10, up 30, down 10, up 40, down 10, up 10, down 10... and so on. If you're looking at 30 min bars then yes the movement...

Ah, great comment jonnysharp - I agree with you.

Spoof of the big scene in Bravehart :) <object width="560" height="340"><param name="movie" value="http://www.youtube.com/v/nDFETK0JQUI&hl=en&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed...

Well if you're trading a single currency, you're trading bonds/interest rates (or the index, such as the Dollar Index). In FX you always quote one against the other - buy EUR and sell USD - but I'm sure that's what you meant? So when these guys say they're long EUR.USD and then say they...

Agreed, but remember that the term hedge fund originates from when they were strictly long/short - thus they at least tried to hedge the exposure to the direction of the general market.

Ayiah is correct, but it's also a term used by some of the retail newbies who struggle with taking a loss for when they're both long and short a currency cross. Their net position is zero, so it's psychological I guess.

Fantastic batch of posts, so elegantly formulated and corresponds well with my reading of the last couple of years. Bravo!

I know from experience how difficult it is to combine (short-term) trading with kids - actually, for me it's impossible and I'm at about 5% of my capacity. Might be a good idea to hold off the trading for a few years until they're greater, or look into longer term trading/swing-trading...

22 million ounces of refined gold for 07 and 08, that's only 22 billion USD. I wouldn't get out of bed for less than that :) Seriously, the numbers here are not significant enough to impact the USD or treasuries.

Hilarious... :)

Just came across this as I was searching - it really is a brilliant statement!

I think Facebook has a lot of value, although it's price would depend upon it's partners. If it were to hook up with Google, I bet some interesting advertising revenue could be made. As of now it looks like they're doing it by themselves (or Microsoft?) which probably cannot come anything...

I used to subscribe to his daily newsletter for about a year, and I have no problem recommending it since it's so cheap (about fifty dollars/month). I did not buy any of the stuff, but I still go onto his website about 4-5 times a year and check out the sample pdf he updates every once in a...

To the original poster: Go for it - I love reading books like this with stories from the industry, I'm a guaranteed customer :)

Just seems like George Orwell was about 30 years or so off.

X_Study is included with X_Trader Pro - but the broker has to support it as well, thus it's broker specific as well.