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I think that it is FXCM clients who do a lot of scalping who get put on manual execution. Not the ones who make money. I make money from Gain Capital. I've been with them for 5 years. Gain has never put me on manual execution. Just look at my long positions from 1.2788 to 1.3100 in USDCHF...

Praise the Lord. Hallelujah. Do I hear an Amen? :p

Make sure you have a lot of money in the account where you decide to short GBPJPY because if GBPJPY keeps on trending up and you don't have enough money, then you will get a margin call.

Torosyososfx, you really need to be careful how you use terminology. Let's define free fall. Anyone who has traded forex knows that the market moves in a series of waves most of the time. It goes up and down and vice versa. It is when the market does not move in this wave-like pattern, but...

My friend, the reason why I outperform most FX traders here is because I outthink them and keep my losses small. At the beginning of my carreer, I admit to making the same mistakes that most of the FX traders here make. Here is the reasoning behind my USDCHF trade...

If the interest rate for both brokers is the same for GBP/JPY, then whatever you earned with one broker would be canceled with whatever you lose with the other broker. If the interest rate for both brokers is different for GBP/JPY, then "yes" you could earn the interest risk-free. However, the...

I need to make a correction. Presently, if you were long EURUSD, then this would be a negative carryover trade since short term interest rates in EUR are lower than short term interest rates in the USD. If you were long GBPUSD, then this would be a positive carryover trade since short term...

I get the impression that you are new to the world of forex trading. That is OK. So was I 10 years ago. So let's first clarify some things. When you are long a higher yielding currency and short a lower yielding currency, this is known as a positive carryover trade. Presently, if you were...

Thank you. I've been doing this for 10 years. Remember, the FX market trends more than any other market. You must take advantage of this, my friend. When you fight the trend, you either lose or you make very little money. Look at those long EURUSD trades that you just made. Now compare...

Good. Don't be a slave to your system. Read the market. Make the trend your friend, my friend.

Stopped out on my long USDJPY from yesterday. Still long 18 USDCHF. USDCHF is now at 1.3106/11. I have a floating profit of $30,319.70 since last Wednesday. Market seems to have no reason to either sell or buy USDCHF. I am looking at a triple top and quadruple bottom on the hourly charts...

You are correct. I bought USDJPY at 117.15.

From what I have seen, it shouldn't be 1%. That is too much. Try .1%. That is more realistic.

Sold USDJPY at 117.15. A regular ABC zigzag correction seems to have reached its target. 117.09 support held today. Oversold conditions. Since this is a positive carryover trade, GAIN has adjusted my cost to 117.10. Stop loss now placed at 117.11. The trend is Deptrai's friend.

Zdreg, looking for that 1% is like looking for a needle in a haystack. It just would not be worth my time to share my knowledge from 10 years in fx with the fx traders here.

It goes deeper than that. Even if an elite trader were to share material with you, most likely you will still fail due to character flaws within yourself. Not modest enough. Not disciplined enough. Not assiduous enough.

The book will explain UM Manager's wave count.

Da net, read "Master Elliot Wave" by Glenn Neely.

You are probably correct. In my case, I figure that if I were to explain why I took a position that it would be just a waste of time. I don't feel a need to respond to anyone's insult directed at me either. Most likely they are going to fail. About 99.9% fail. I've been doing currency...