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That's not what I've seen looking at daily charts.

I tried to make it as a day trader and just couldn't make it work. I tried looking at various things from every conceivable angle. I don't know how some people do it. I really don't. I feel it's incredible to make such and effort and fall short. In any case, I looked at one of the methods...

I'm vaguely thinking about two possibilities one being that it may be the difference between a bid chart and an ask chart or that one might be a log chart and the other a linear chart. Or, actually, there's also the possibility that one starts at 5PM on Sundays while the other starts at 6PM...

No offense, but do you think the "moral hazard" idea applies here? Because if you believe that if they let Greece default to punish them to show other countries at risk that they should do more to "stay in line" then I believe all that's going to do is result in the same mess we had with Lehman...

I can't stay with relatives where I'm living now. And I'm single so I don't have to worry about anyone leaving me. I'll be able to live on the minimum even if I don't find a job. But, I would'nt be able to pay $1000 for bankruptcy court. What I'm thinking of doing now though is keep on...

lol, you must have experience looking at technical indicators. You're correct, it's a combination of both. Actually, the way I arrived at the particular method I'm looking at now is I noticed when I used a really fast signal like slow stochastics, I could have too many false signals...

I have a total of 41 cents in two bank accounts and no car. I don't own property or anything really. The debt on one card is about $9000 and the other two about $1800 and $1000. I live in Quebec, Canada. I'd like to be able to hold on to at least one credit card. I could always try to pay...

I'm wondering if anybody here knows what happens when you stop paying your credit cards. I've applied for a job at 6 places and got no phone calls. I have a couple of weeks to make a decision and wondering what I should do.

The method I developed to participate in a change in direction has finally signaled a change in direction on the daily chart. Of course, watch the EUR/USD go down sharply right after I post this (just kidding). In any case, I'm going to see if I can get in at some point next week and hold...

Are you implying buying a put option would be better? The risks in options are time decay, changes in implied volatility and slippage. With options on SPY or QQQQ, the difference between the bid and ask is a lot smaller because of the larger trading volumes so this reduces the slippage. SPY...

Well, not completely. I was thinking more along the lines of what could happen in the next several weeks. It's surprising to see though the S&P 500 has already recovered from the last dive and the EUR/JPY had a huge up move today.

I hate to say this but despite people thinking that there might be a domino effect of countries defaulting on their bonds in Europe, I believe the euro is poised to possibly go higher. I developed a method which can do well with large waves that may give a buy signal in the next couple of...

In The Master Swing Trader by Alan Farley, he said beginners would need a 1:3 or even 1:4 risk/reward ratio. He did not state the reasons why however. I'm getting to a point though where I'm starting to believe a contrarian strategy might work in the short term (intraday) and on a daily...

Lang, thanks for the links. nutmeg, if I was going to allow another Bernie Maddoff to operate in this world, I wouldn't forgive myself. I don't know if the 50% per year return is a red flag but it could be. I also intend to send their contact info to FBI. But I thought there would be an...

This sounds like a joke. I could accept pending home sales or consumer sentiment index or CEO future guidance of a large company (bellwhether) but not VIX. Even doing peak and trough analysis (looking at your highs and lows) will give you an indication of directional bias but I wouldn't give...

I didn't know to put this thread so here it is. Anyway, I got a call from someone in New York saying he was the co-founder of a money management firm and their prospectus they sent by email said they were making over 50% per year. I don't want to name the firm because I don't want to give...

I was looking at the fxoptions.com website and was wondering whether anybody here trades with options insted of spot. I don't get the pricing though. Is one contract equal to a mini lot or micro lot? It doesn't seem clear.

If you traded 10 standard lots you wouldn't be trading a market maker account but with an ECN account like Interactive Brokers or FXCM Active Trader etc. http://www.fxintel.com/ This site compares spread. By the way, are you sure you're ready to trade standard lots if you don't even know...

What would happen if you traded Forex? If you get an edge there, there are mountains of liquidity.

I tried FX Solution's platform through GlobalFutures and didn't like it. I had an account with GFT Forex but they gave me my money back saying they no longer wanted Canadian clients after changes in regulations. I now have a micro lot account with FX Open. Although it's more difficult to...