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  1. W

    The Wallace Trading Method

    for Thursday June 13/13 ~ 3:25pm pst Currencies: euro closed just below its major 61 retracement; as well this week is a major Time Target for me the $ appears to have stopped going down, we'll see. if as said a rally follows it may only be a retracement correction and once complete more...
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    The Wallace Trading Method

    for Wednesday June 12/13 ~ 4:22pm pst Currencies: the $ Has to rally this session or it's going to drop a lot further the $ could form a reversal correction now for a few days but then continue down but I don't think the $ can go any longer without turning IF it's going to set new highs...
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    The Wallace Trading Method

    for Tuesday June 11/13 ~ 3:30pm pst Currencies: All: have to wait thru the session to see if the turn comes, otherwise I'm going to be having a lot of losses aud: Sell 0.94905 eur: Sell 1.32177 gbp: Sell 1.55479 nzd: Sell 0.79262 cad: Buy 1.02261 chf: Buy 0.94749 jpy: will...
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    The Wallace Trading Method

    two sessions for Monday June 10/13 ~ 3:29pm pst Currencies: I'm expecting a correction/basing session that could end today or run into tomorrow, after that, new - resumption of trends but, my analysis of the charts could be quite incorrect. this relates to the DX and the idea that the...
  5. W

    which is more profitable to trade: ES NQ YM ?

    we're all entitled to our preferences but es is the one for me don't bother considering 'spead', day trading margin is the lowest and the Huge volume means orders are filled immediately - and '24' hours a day from last week's H to this week's L the es had the greatest profit range of any of...
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    The Wallace Trading Method

    for Friday June 7/13 ~ 3:29pm pst some EU, France, German reports I'm thinking a smaller NFP number than the Consensus' 167K Currencies: it's likely next week will see a $ retracement rally correction, so have to decide whether to close pairs' trades Now, wait a while to see if the $...
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    The Wallace Trading Method

    no
  8. W

    The Wallace Trading Method

    for Thursday June 6/13 ~ 3:00pm pst I'll go for an increase in Claims 8:30am est, also the ECB announcement new BoC Gov Stephen Poloz testifies to Finance Committee beginning 8:45am est Currencies: no ECB rate cut expected and hopefully nothing provocative said aud: Buy 0.96186 still...
  9. W

    The Wallace Trading Method

    for Wednesday June 5/13 ~ 2:47pm pst a few more announcements, ADP at 8:15am est Currencies: expecting the $ to decline but it's slowed up; it could be forming a base with this next down leg; the remainder of the week's announcements and NFP may influence if a base is formed or the price...
  10. W

    The Wallace Trading Method

    for Tuesday June 4/13 ~ 3:43pm pst nothing much till Wednesday Currencies: pretty well as before aud: Buy 0.96186 eur: Buy 1.30087 gbp: Buy 1.52030 nzd: Buy 0.79736 cad: Buy 1.03715 currently -$8.94 still expecting a rally jun4/13 chf: Buy 0.94749 maybe speculative but bounced a...
  11. W

    The Wallace Trading Method

    may trade cl, ng as and when; trading the ES - higher volume and lower day margin any additional trades entered will be posted in the next update for Monday June 3/13 ~ 2:44pm pst lots of price moving announcements thru the week culminating in the NFP on Friday Currencies: the H&Ss I...
  12. W

    The Wallace Trading Method

    for Friday May 31/13 ~ 6:35am pst closed: ES 1645.25 ~ YM 15241 . . . now a Buy ?
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    MetaTrader 4 hangs - why ? - solution ?

    the hang is eg select an object, wait several seconds after clicking on it before it becomes selected, wait several more seconds to click Delete, wait several more seconds before object deletes, and so on with all operations even bringing a chart up from minimized I've other demos and not...
  14. W

    The Wallace Trading Method

    all trades closed, ROI to Thursday Close May 30/13 . . . . . . . . . profit/loss . . . margin . . . . . ROI 1 audusd . . $199.50 . . . .$325.57 . . . . 61.27 % . . . . 15 days 2 eurusd . . .$148.60 . . . .$428.70 . . . . 34.66 % . . . . 4 weeks 3 gbpusd . . $67.00 . . . . $508.22 . . . ...
  15. W

    The Wallace Trading Method

    for Thursday May 30/13 ~ 6:42am pst closed all fx pairs and gold trades Sell YM 15276
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    How safe are my funds with a (US) futures broker?

    your funds are not insured . besides outright theft a futures broker could become bankrupt through sheer incom- petence which is how I class MFGlobal's collapse, although they also circumvented various regulations then there's the problem of a bankruptcy action where non client claimants...
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    Custom/proprietary indicators?

    the fx primarily MetaTrader community is Much larger than NT's and proprietary indi- cators or trading systems/EAs are either de-coded or figured out and coded then posted on the fx forums. the fxers are also into posting/sharing their systems, indi- cators and eas, not so with NT, in part...
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    CFDs for US residents

    why would you want to ?
  19. W

    The Wallace Trading Method

    the euro rally was a big surprise to me, I was thinking down overnight, and the much larger than expected increase in German claims didn't seem to matter; Sell set-up ? for Thursday May 30/13 ~ 3:35pm pst Currencies: maintaining current positions, only one I feel threatened about is the...
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    which is more profitable to trade: ES NQ YM ?

    I did this calc ES 3/6/09 L 734 ~ ~ 5/17/13 H 1687 = 953 x $50 per point = $47,650 YM 3/6/09 L 6952 ~ 5/17/13 H 15,542 = 8,590 x$5 per point = $42.950 probably a one-off, just a surprise as said to see so much more profit in the YM trade
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