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    Currency trading contest offers $40,000 in cash!

    Is this one of those deals where you already have to be a client and have at least $500 in the account when FXCM does not even accept clients from Quebec, Canada? If it was a demo account yes, but gambling real money in an aggressive contest, no.
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    Worldwide recession very near?

    That's it. The intent I believe of the EU and IMF bailout was to reassure investors so that bond prices would go higher and lower the interest rates Greece has to pay. Bond prices started heading lower again which means Greece will have a harder time to pay their debt which now means they may...
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    finally

    I remember when the Asian crisis happened in 1998, people spoke about it for 6 months before it happened. Then in August of 2007, we heard the first bad news of the crisis that peaked only a year ago. I think there are some "dark clouds" hovering above the markets right now like the debt...
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    Long and short signals overlap - What to do?

    I had two methods that did contradict themselves at one point. I had temporarily developed a strategy to flip from long to short depending on the circumstance. Eventually, I ended up modifying one of the methods and realized it was better than the other so I dropped the other one. I've also...
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    Fading an unsuccessful strategy?

    I'm amazed I updated the thread with a new message that got completely ignored by some posters here.
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    Fading an unsuccessful strategy?

    The answer to that question is a little more complex than you'd think. I thought about one method that would be like a contrarian entry point but with a trend following focus. Anyway, suffice to say my ideas changed quite a bit. I even looked at a strategy that was designed for a certain...
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    Fading an unsuccessful strategy?

    I think I finally found the solution. I know there's the method and there's also money management. But, I've seen a number of situations where I had a temporary profit only to see the price go back down then hit my stop. I just realized that if I used (a certain method I won't reveal now) a...
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    Worldwide recession very near?

    I like how your post number was 666 when you wrote that.
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    Worldwide recession very near?

    Portugal has been downgraded by Fitch which means Europe may face some difficulty trying to sweep problems under the carpet. This may mean one country after another being downgraded so lower markets in Europe then lower stock market in the US, Asia, lower oil, etc... blah, blah, blah...
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    Greece Bailout Spec?

    What timing! How did Fitch determine they would downgrade Portugal RIGHT before an EU summit to discuss Greece? I wonder if this spells disaster for the whole planet. We're all freakin' connected. Now if I bunch of Euro countries start going down the toilet one after the other, there goes...
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    EUR/USD going up?

    Well, it looks like I'm getting more and more retarded by the minute. :) Just kidding. Fitch has now downgraded Portugal which means we're not out of the woods yet any time soon. This is very chaotic.
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    EUR/USD going up?

    I watched videos on bloomberg and CNBC. Here's what I think. Greece's president said that all the gains they get from raising taxes and cutting expenses is going down the drain because of the higher interest rates they have to pay. They want loans at lower interest rates so they can...
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    Best Broker?

    Eh, what's wrong with Interactive Brokers and MB Trading? :confused:
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    EUR/USD going up?

    Since we're now at the point where it's "make or break" next week, I anticipate some large movements which will probably stop out a lot of traders right around the time that the EU makes a decision. It looks like EU members don't want Greece to take the IMF bailout since they claim it would...
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    EUR/USD going up?

    OK, now I feel like an ass because Greece now says it's ready to ask the IMF for a bailout. The EUR/USD is now starting to tank and has passed the last relative low on a 4 hour candlestick chart.
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    What's the deal with these constant late day rallies?

    I have an idea how you feel. In the last year we've had maybe only 6 retracements in the S&P 500 (I wanted to verify on prophet.net and see it's no longer in operation lol) so it might take a while before we get another retracement. I feel safer getting in during a retracement.
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    Long term euro

    All jokes aside, I looked at the S&P 500 for the period from March, 2009 to January, 2010. I made all kinds of calculations of the kinds of profits I could have captured with various methods with 5 to 6 trades, 12 to 15 trades, many, many trades and one single trade. Believe it or not, the one...
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    Greece Bailout Spec?

    What kind of choice do they have? Yes, we know GM and Ford apparently have done tons of improvements in the last year maybe because they felt they had no choice to survive. Even if some people think they should be allowed to suffer so they could solve their own problems, I remember the Asian...
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    What's the deal with these constant late day rallies?

    Considering the weird Internet boom at the end of the 1990s, it's entirely possible for the market to go one way "even if it doesn't make sense". (lol) If you do your peak and trough analysis, you know what the direction is, it's up. This reminds me what some people did around 2000 when...
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    just position trading

    Would you do covered calls after doing that? Or would you invest in high yield bond funds?
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