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This Wave 3 will probably take us higher than that. I am thinking 1.3970. Since I am aware that the trade numbers will be coming out this Thursday and strong resistance lies around 1.3227, I am willing to take profit on all my positions at 1.3220. Looking to make about $44,000 in a week...

I have been building a long position in USDCHF from 1.2788 last Wednesday morning. Long 6 at 1.2788, 2 at 1.2799, 1 at 1.2819, 1 at 1.2840, 1 at 1.2855, 1 at 1.2900, 1 at 1.2930, 2 at 1.3047, 2 at 1.3097, and 1 at 1.3100. This comes to a total of 18 at 1.2889. Limit order has been placed to...

Once you've done FX trading for 10 years, you won't be surprised.

Damn. We agree on USDCHF. I'm not sure if I like that. :D Long another 1 at 1.2900 and 1.2930 after the release of Non Farm Payroll. I know how you got 1.3170. Because of the Fibonacci projection.

Banjo, thank you for posting. I did a search for some of the retail forex brokers (i.e. fxcm, fx solutions, saxobank, gain capital, cmc). I'm glad that gain has a clean record. That is where I've been doing business for the past 5 years. Fxcm has a couple of black marks. Saxobank isn't even...

Oddtrader, you didn't complain to them? The CMC rep told me that they will give you a margin call when your Free Equity gets down to either $200 or 10% of your Total Margin, whichever is bigger. I can't vouch for the quality of their service since I've never used them. I can only vouch for...

So u do business with CMC?

Oddtrader, CMC markets trading platform is the most impressive that I have seen for a free trading platform. It has the most technical indicators. Price alerts. You can trade $10,000 lots rather than $100,000 lots if you want to. It is very colorful. You get Dow Jones News and commentary...

I don't know. I haven't been following them ever since I left San Francisco in 2000. That is where I learned to trade fx.

Anytime, Oddtrader. Remember, Citibank dominates the fx market. So it is only logical that they have the best traders. When those traders leave either they go work for themselves or for a money management firm.

Learn from the forex traders at Citibank. I remembered back in June 1995 when I started out in forex I had access to Knight Ridder. They had lots of market commentary. One of the commentaries that I used to follow was the commentary from Citibank's forex traders. These guys were really good...

Gain Capital. I am a position trader.

Oddtrader, it only goes to show you how rare an elite forex trader really is. If you go to fxstreet dot com, you will see lots of advice. Unfortunately, most of it is bad.

A better question to ask is "where do all the successful forex traders do business?" I don't do business with fx solutions.

I know that you asked for a trading platform that allows you to demo for at least a month. However, I want to share with you my very good impression of CMC. Back in 1995 when I started my currency trading career, I had access to both Knight Ridder and Dow Jones Telerate through the firm that I...

David, I really don't understand why you are stacking your losses on the USDJPY position. Do you not see the rising trendline? Even a moving average system would tell you that USDJPY is trending up. I am long USDCHF from 1.2788 to 1.2930. I have been stacking my gains since last Wednesday...

Zonetrooper, you have to realize that most traders start out undercapitalized anyway. Furthermore, the learning curve is so great. 99.9% are going to fail within 1 year. That is just the way it is. You really shouldn't blame the dealers. Besides, most traders don't know what they are doing...

Sure. We can make it a monthly or bimonthly event. We can all go out to a nice restaurant. Then we can go around the table introducing ourselves and talk about the markets we trade just like in the book "Pit Bull" when Commodities Corp. held their annual meeting. I imagine at the beginning...

How about Newport Beach? PIMCO mutual funds is there as well as a couple of other money management firms. Furthermore, there is a country club and Fashion Island shopping center. Of course, you will be close to the beach as well. So you can buy a yacht and go sailing. Dennis Rodman has a...

Phenomena, living in Irvine would probably match your criteria. Besides, you have UC Irvine right there and the Irvine Spectrum Center.