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Ahhhh - 1 more exit I forgot - an OLD favourite. The Chandelier exit popularised by Chuck Le Beau. To illustrate with an example: Suppose you go long at 111.80 (the yen for this example). Suppose their is a breakout. What you do is to set your TP trailing the high (hence the name chandelier -...

Re forex trading question, Get a 4 monitor pc - your going to need it. Invest, invest - before you invest. Mold a plan to suit your needs - take what you can from free providers of information (seek and ye shall find) and then tailor make it to suit your style. Read as many posts on ET as you...

I realise that many take whatever the market will offer, but nevertheless what level would you say your average profits are as a fraction of the daily range on the markets that you have traded in the past 6-12 months. Disregard breakeven or close to breakeven trades in this equation. Choose 1...

Thats just Grobs guru like stature here on ET - Presumption of knowing about someones methods/psychology is kind of the first step for a Guru to attract a disciple. Your coming from a western analytical/logic perspective, he is about 70% Eastern intuitive. Both valid approaches in my book.

In what ways? Grob pretty much nailed it for me (and I think he was referring to me when he said "the currency guy") when I read between the lines. It took a few days but nowadays I am leaning more on Grobs words (my interpretation of them at least) - i.e. doing more frequent trades than before...

ATR over the last trading year (266 days) is sitting at $8.26 per day. At the moment the 14 day ATR is an insane $19.82 (most of this year it's been around $10). Nobody knows how long these type of daily trading ranges will last - but take advantage of them now. The way to trade gold is to get...

JM, The reason that your not in full swing as a trader is because your unconscious self image has not adjusted with what you already know about trading, and you are prisoner of your own self image to prevent you from achieving the heights that you know are possible. Thats why I advocated the...

Just do what everybody else does - cross the border every three months for a day and come back. In Brazil you can spend 6 months of the year there in total (sometimes they enforce this rule), but in Argentina most probably you can get away doing 4 x 3 month blocks, without a hitch. Same, same...

That's what I'm saying - she's probably in the next hotel room as I type comforting daddy in his hour of need.

He may do a Skase if the fraud charges are thrown at him. He looks good for a 64 year old. He's actually staying not far from where I live - anybody have his contact?

Had a roommate (female) when I first started to trade actually. I swore to never do that again, I couldn't deal with all the interuptions and the noise - not to mention being nagged at - never again.

JM, Pack up your computer, your 6 months (or whatever) "survival money"and fly to some cheap south east asian or central/south american country and rent a place there (make sure you have reliable Broadband if such a thing exists in those places). Sleep, get up and trade the yen/nikkei, eat...

Who? Danish Banks:eek: ?? On the retail level they arn't too many. DB, Citi, UBS, RBS, Barcap, HSBC et al. are all for the well healed ($1 mill. acc. + minimum monthly volume requirements). Try go open an account with $250 000 and these banks will politely show you the door.

What I'm saying is that their are people out there (rightly or wrongly) who would rather have their money in DB as oppossed to IB, and they will happily pay for that. Perhaps the risks to their funds are virtually the same in both examples, and DB is exploiting that, but then other banks will...

I have an accounting degree but took finance theory based subjects (I graduated 15 years ago). Take finance over economics as you will study concepts such as portfolio diversification, risk/return etc. which will have practical use once you finish your studies. Economics is a bit too abstract to...

Whilst I wouldn't open an account with DB retail - I think 2cents is right to suggest that at least their is now a credible bucketshop - some people are happy to pay extra for the security that comes with having their money parked in a bank like DB. They have the franchise (in the form of a...

I taught English in Korea and studied charts/technical analisys in my spare time.

Although Gregeroy Morris mentions this stuff in his books (check this out as a general intro): http://www.stockcharts.com/education/ChartAnalysis/candlestickbearreversal1.html I haven't to date seen a detailed synthesis of the two approaches. All books I have seen are basically candlestick...

4 pip spread on Yen and Aussie - heavy....

3 pip spread on the Euro - according to the web-site. Assuming you mean DB's institutional platform - i've heard it's one of the best (consistant fxweek top awards winner) - but I also heard that UBS should be rolling out its new and improved institutional platform some time soon.