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    Why correlation of EURUSD and USDCHF is usually high?

    It is nearly 100% due to the fact they trade the dollar inversely. Both of them being Euro-zone currencies helps contribute in a secondary way.
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    Lost half of my years salary in a week!

    Agree on self-responsibility, but calling the OP a dumbass or a F***ing idiot or worse (not saying you're the one who did that) is not necessary. It's true his plight could've been avoided, but what can he do, he made a mistake! And Parker is the jackass who screwed up his account. I'm amazed...
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    Lost half of my years salary in a week!

    Actually, ddunbar, it's been clearly documented in this thread how this could easily be a scam by "Mike Parker" taking the opposite trades risk-free. Additionally, he could simply put on a large position (4 contracts for a 10k acct) and hope it went his way, he could take his 25% fee and run...
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    Lost half of my years salary in a week!

    The courts use to rule in favor of Habeas Corpus - "buyer beware" Don't you mean "caveat emptor?"
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    How do you feel?

    No need to get angry and go political. I will say that I agree with you to a certain extent, and its another reason why I like trading for a living. Unlike many people, I don't feel I was put on the earth to sweat it out all day every day. Working in a mine for 40 yrs. to barely pay the bills...
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    How do you feel?

    That is exactly right. The liquidity provided by traders is often forgotten, and it contributes in a very big way to the stability of financial markets, which are responsible for everything. Without traders, the world would collapse!
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    Lost half of my years salary in a week!

    Wow Mikey, you really got 'em believin' over there, huh? Nice work, you poured the Kool-Aid and they drank it. Femmeforex, are you kidding me? You stepping in to defend him after he blew out this poor guy's account is laughable, if not suspicious. There's one thing, before all others, that...
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    Lost half of my years salary in a week!

    Mr. Parker, Let's quit all the garbage. Stop blaming anything or anyone else for closing a trade at a 90% loss. No trade should ever reach a 90% loss. If you let it get there, it's singularly YOUR fault. Whether you're an all-out con man or just an idiot of a trader, I'm not sure. If you're...
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    Autotrading FOREX

    The strategies are written in Tradestation 8.1, and TS does not at this time have auto-trading forex as a brokerage. We use Tradebolt (which has been flawless) to pass the signals to Currenex and Gain. 20 strategies running at a time from 4:00PM CST Sunday to 4:00PM Friday every week. No...
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    Autotrading FOREX

    This is simply not the case. I auto-trade forex (have all year) with very little slippage and no problems at all...
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    Lost half of my years salary in a week!

    Hahaha, great point. 97% winning trades, but still blows out the account with a couple of losers. Don't worry, just add more for "margin" when that happens...
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    Lost half of my years salary in a week!

    Mike Parker has a system with a >90% win rate!!! How much is it selling for, Mike? Yet another in a long series of red flags...
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    Lost half of my years salary in a week!

    First of all, to the Original Poster, I'm very sorry this happened to you. It shows how dicey the trading world can be, and you really have to do research before trusting anyone. To MP, HAHAHAHA. Are you kidding me? Every time you say you "know" that the market is about to reverse, I...
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