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Hey, you're welcome. If some 45-year-old from Montana by the name of Larry Williams can turn $10,000 into $1,147,607 within 12 months, trading futures for the 1987 World Cup (+11,276%, i.e., averaging +1.9% per trading day, compounded daily), all without the "benefit" of today's retail forex...

No, it's +15 / -5, not +10 / -5. Let's look at your setup, from your 1st post. Long at 1.7625 --> quote at the moment of entry is 1.7620 / 25. Both stop loss and take profit are going short, so the bid (not ask) must reach that level. SL at 1.7615 --> when hit, quote is 1.7615 / 20, or...

You've mentioned that your dealer's GBP/USD spread is 5 pips. Therefore, by placing this type of +/-10 trade, you are effectively making a very short-term bet on price action. A bet that, once your entry is triggered, cable will move 15 pips in your favor before it moves just 5 pips against...

I don't think any of the ones you've listed will do anything positive for your P&L. Free online subscription from Active Trader magazine people: http://www.currencytradermag.com/ Enjoy.

Well, it's a collection of 15 pieces, arranged into 5 chapters, by some of the familiar names: Mark Boucher, Jeff Cooper, Kevin Haggerty, Dave Landry and others. Eddie Kwong is the editor, and Editor-in-Chief of TradingMarkets.com. The best part about the book -- besides a variety of...

Well, as a former buy-side derivatives quant, I might be able to clarify a bit. "US-listed" refers simply to those OTC derivatives -- various flavors of structured notes, swaps, swaptions, options, etc. -- where at least one of the counterparties is a US entity. The number itself --...

Yeah, "Bringing Down the House" was a lot of fun to read, especially for a non-fiction book. Sony Pictures just announced that it'll be made into a film, called -- what else? -- 21.

There is nothing intrinsic, from a numerical perspective, preventing returns on larger amounts from being geometric. However, I can think of 2 limiting factors at play here: liquidity and psychology / behavioral finance. Liquidity: if you ever manage to grow your account beyond the...

Well, "best" depends in part on what sort of quant and trading backgrounds you have. Some of my long-time favorites are: 1. Van Tharp, Special Report on Money Management, IITM, 1997 or later 2. Eddie Kwong (ed.), The Real Holy Grail: Money Management Techniques of Top Traders...

If you have sufficient capital to trade on either EBS or Reuters through a major bank, then, most likely, CME currency futures will not offer enough liquidity for your needs. With the possbile exception of Euro FX during the morning US session.

Vicky Lynn Hogan (birth name) aka Vicky Smith? :D Better known as Anna Nicole Smith. Just make that $20 mil $1.6 billion.

Hmm... what happened to your 1-week time frame last Saturday, Oct. 1st, for USD/CAD dropping to 1.08 - 1.10 by this Friday, Oct. 7th? http://www.elitetrader.com/vb/showthread.php?s=&postid=856833#post856833

0-2 pips is the normal difference between Oanda and other quality price feeds, outside news releases and other fast market conditions. Part of that is often due to Oanda's narrower bid / ask spread. Futures-spot spread is fixed on any given day (based on interest rate differential and number...

Fake pidgin English or not? Everyone can decide for themselves.

Bad English? Japanese person? "Appreciate..."?! You're both joking, right? "psycho-analitix" aka "mokarimakka" is perfectly capable of fully idiomatic English. Just look at his previous posts, right here in this thread. This broken, pidgin English is 100% fake. What a barren wasteland ET...

Sure. EUR/NZD is a minor, relatively illiquid pair, which is a cross of 2 major pairs: EUR/USD and NZD/USD. As such, its movement is solely a function of the movements in those 2 majors; it cannot move independently on its own, because of arbitrage. If euro is at 1.2060 and kiwi is at...

There's no difference between LBR's and Larry Williams' "oops" trade, according to her website. It's not found in "Street Smarts", but it's a very simple pattern setup to code: http://lbrgroup.com/index.asp?page=FAQ

Arnaud, Your English is perfectly fine. Didn't realize from your first reply that it's you who is the author of that website. Really nice, precise, up-to-date work on volatilites, correlations, etc... appreciated by many, I'm sure. Welcome to ET!

Well, the way those tables are constructed, the 5-day volatility for a given currency pair is the average daily range over the most recent 5 days. Similarly for 10 and 20 days. And the 5-hour vol. is the average hourly range over the most recent 5 hours; ditto for 10 and 20 hours. If the...

1. Should we be concerned? No. Successfully cracking any but the most basic forex trading strategy is far more challenging than you might think. Particularly if it has significant discretionary elements; is largely non-discretionary, but with several adaptive parameters; or combines more...