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Hey, are you a U.S. guy? If not, perhaps a brokerage change could open up possibilities you haven't yet considered. Particularly in the area of commission or cost of trading, and retail spreads. What I mean is, I know of some amazing automatic strategies for Dukascopy clients, for example...

Hey, man, I sense your frustration. Every "real" trader on this or any other reputable forum has experienced the same thing... I'd just say you should consider this: Instead of "All in" and then "All out", you might consider multiple "mini-positions" inside of your overall goal position...

Well, I qualify as an expert on micro scalping and I think most of us would say that trading for 4-5 PIP losses is getting close to the micro scalping category. There are several things that you should look for in a broker: 1) a "proportional" commission based upon lot size, not a fixed amount...

I'd like to help if I can. Would you please describe in detail the trading strategy. There may be some approaches which could improve your outcomes. There are a lot of tools available to Interactive Brokers traders, some of which could also be of help to you. It's been a while since I used...

<frustrationAlert> I just ran across this thread, and would like to say that one of the Huge disappointments for me was when FXDD sold its retail operations to FXCM, and FXCM refused to continue the White Label agreement giving U.S. traders access to Dukascopy which they could easily have taken...

After a hiatus, a large amount of testing and gaining experience with LMAX, plus tweaking the software along the way, just a summary of our experience so far, plus more Wholesale Price Improvement data. I have no affiliation with LMAX, except as a trader. And these results use specialized API...

Does this qualify as a truly "responsible" post? I mean in the best interests of the OP ? :) When I think of all the "computerized big guns" I've coded and all the "wailing and gnashing of teeth" I've experienced, I have to conclude that trading is not easy ..... HyperScalper

Yes, I can see what you're saying. Definitely no trader wants to be forever against the trend, since that's suicide. But the Analytics are supposed to tell you what the trend is, or what it will be, once you enter your position. On the point of Averaging Down, this is a subtle topic. Say I...

I started this thread on the topic of Swing Trading http://www.elitetrader.com/et/index.php?threads/thesis-swing-traders-should-not-enter-with-market-orders.288408/

Hi, I'm going to just make the claim 1) that Swing Traders should not enter with Market Orders, but should use Limit orders instead. This means that they should use Limit orders away from the market which, if unfilled, expire. In addition I'm going to advise that 2) at least 2 separate prices...

OK, I don't understand. This is the "elite trader" forum. I'm not talking down to anyone, and am sure there are lots of "elite" traders who know more than I do. I'm just sharing my ideas, hoping someone will benefit from them. Learning "how to trade" is a career journey, right? Don't...

Hey, man, I'm just giving information. In the case of the EUR/AUD situation, this is a "Swing Trade" and so I would handle it with much less precision than other trades. This is not "extreme" Swing Trading, just Swing Trading. I'm not selling "signals" just providing some of my view on...

In response to the questions about "incremental trading or scalping", here is a live example of a 3 PIP gross profit Long trade using an incremental scalping technique. Note that the Average Buy and Average Sell lines are shown approximately 3 PIPs apart, thus that is the Gross profit figure...

Here's what happened in EUR/AUD with very high volatility most likely this is a major pivot area with 100+ pip volatility ranges being seen. Depending upon trading technique, as discussed earlier, the volatility could be translated into some nice profits! Or... if stops are too aggressive...

Well, in its simplest form it's just "cost basis averaging" so you would enter Long, let's say, using 1/2 of your full commitment at some initial price. You might even BID lower than the market and force it to "come to your price". But, having then taken a portion of a Long position you are...

My own view is that "stops" should not be contemplated, except as a "safety net" measure. One should have sufficient analytic confidence, and the intention NOT to stop, as a fundamental part of your trading mentality, and your trading methodology. With correct trade management, "stops" are...

As I said, my trading methodology is never a single entry, and so when I casually mentioned 30 pips, it was not a full description of the method I use in trading. For me it would be roughly 30 pips from my Price Break Even level, once I have the full position in place. Also, I don't enter...

If you are looking for an "all in" trade with only a 30 pip Stop Loss, then you would be correct. So, according to that method of trading, then it's a loser. But my personal approach is never to use only a single entry. So I would not be so eager to close the trade and would most likely just...

I can add some evidence that may support AUD/JPY long. As you can see from the data attached, the AUD (gold color) has been the weakest currency for some time now. We did see JPY (white color) recovery during this past week from recent downward pressure. So, given that JPY is high and AUD is...