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This is a good point, but I am not ready to jump in the oil conspiracy bandwagon. From 2003-2008 the price of everything went up vertically, not just oil. If you pull up a chart of any commodity, or even real-estate, you'll see a vertical rise in prices right up to the crash in 2008. What was...

Yeah that's the reason why I have stayed out of the market in the last two days. I don't see any good setups and don't want to trade for the sake of trading and lose money. I was really hoping that we would finally break out of this range today, but it didn't happen. We've been stuck at these...

We need to separate the word from the myth. Hedging became a household word beginning in mid-90s due to the rise and popularity of hedge funds. The irony behind this is that 90% of the hedge funds don’t hedge. They classify themselves as hedge funds so they can bypass the rigorous...

They are both the same. As long you have your settings saved on the server, this stand-alone will load your settings. If you want to be safe, save a backup of your current settings in TWS so you restore to it from other TWS if you have to, but I doubt you would need to do that.

CNN video: http://www.cnn.com/video/#/video/us/2009/01/27/sot.econ.hearing.coffee.cnn?iref=videosearch "Ponzi schemes tend to occur in the unregulated hedge funds or more typically in alternative investments put together by investment advisors"

I hate it when when that happens to me. I usually get that when I try to login from work, but no problem from home. I think it has to do something with being behind a proxy server at work. At any rate, the workaround is to use the stand-alone TWS (need to download and install it on your PC)...

Yep, oil has been choppy for the last 6 trading days. This is so frustrating.

wow this is really messed up. Crude finally broke out and it now appears that I got stopped out exactly at the bottom. :( Maybe I put my stop at a stupid place, right on the support level. :confused: I need to go back to trading with large stops again. 2 weeks ago, I was making good money...

This is the guys I was talking about: http://www.cmsfx.com/ Their platform is nice. Go open a demo account right now (takes 5 min) and download their software and play around.

EUR/USD 1 pip = .0001 USD/JPY 1 pip = .01 GBP/USD 1 pip = .0001 example, if you buy 100,000 EUR.USD then 1 pip = $10 There is no set contract size like futures, you set the size at trade time. I trade between 50,000 to 300,000 EUR size depending on how wide stop i use.

I trade through IB. They are pretty good. FYI, the NY session (8:00 AM - 4:00 PM EST) is active as well, though not as wild as the London session. Usually by the time the NY session starts, all the currencies are over-extended and they tend to go into a tight range. During the crazy days...

Just got stopped out of that long trade with a -$612 loss I should have just waited for a the breakout 1st.

lol, the jelly donut thing was a metaphor. Thats like saying, it doesnt matter what you trade, as long as you win. Forex is most active and wild during London session. (3:00 AM - 9:00 AM EST) I use the same time frame for everything I trade. 1 hour bar for detecting long term trends and 5...

I am still holding my long but put the stop at 40.25.

I trade EUR/USD, GBP/USD and USD/JPY but with mixed success. I don't think trading forex gives any special edge over other instruments though. The bottom line comes to betting on the right direction. A trader that goes long 1 jelly donut and was right on the direction makes more money than a...

Just went long again @ 40.87 I like to see this pop above 41 and stay there. Will dump trade again if it doesn't happen quickly

Yeah thats good news, but it barely made a difference today.

Good work! I am bored to death watching oil float around in this tight range. I just thought we had a breakout but the damn thing pulled back again, so i jumped out. I am bullish, but I think we need a big news to get us out of this tight range

damit, its not looking good on the 5 min bars just exited at 40.75

FYI this what I am looking at: