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Check out this link....it is run by a friend of mine. http://www.forexsystembroker.com/ hope this helps.

If you are going to trade FX you should definitely use a broker who is regulated by the FCM and CFTC. I looked at the Oanda site and did not find that they are. Also, some FX brokers are offering a mini contract which has a $1 pip....this could be a good way to learn and would allow for...

The volume dies after about 3pm EST then picks up again, especially in the JPY, when Tokyo opens about 6pm EST. It then gets very active when the European markets open. Now that it is somewhat regulated it is much better....in the old days of the "bucket shops" the dealer could quote you...

I traded Fx for about a year and was up only 20% after having a 50% draw down. I feel that Fx is not suited for small investors day trading but it can be very profitable for larger players with longer time frames because hardly anything trends as well or as long as the currencies do. The big...

As I have previously mentioned, I am a terrible record keeper, so not entering my trades into a spread sheet (I don't even know how to use one) I can't readily assess data about trades. But I had an idea about something and sort of just perused my trade sheets and realized something. For...

Db... Great trading! I did reverse today on the NQ @ 1129 when it broke the uptrend line on my 3 min chart but trailed it a little to close and was stopped out @ 1124. Actually I guess I didn't really reverse because I never took the long breakout in either the ES or NQ for the same...

Toby I did go long on at the first break at 10:04 and was filled at 933.75. At this point I manage the trade very carefully noticing if the NQ is following and making a break as well. Also is the Tick heading higher and is the TRIN heading lower? In this case none of the above was true...

FYI I found a link to a similar breakout system that is a bit more sophisticated than what I am doing. But still simple. Check it out http://www.tradingeducators.net/3.htm Mike

You should have know me before the lobotomy:p It's hard to say...I've been stopped out maybe twice in a day down 8-10 points and ended up catching a big move at the end for a small profit...but that is rare as well. It all depends on the mood of the market. If it feels like it has some...

Festus... Although the major trend today was obviously down...it was a little choppy. As mentioned in earlier posts....caution is to be used on light volume days like today...with the bond market closed etc. I didn't trade today, although basically I think my approach would have worked...

Thanks for the sympathy......but it's Grand Pops... and he's to old for this sort of abuse.:( Mike

Ok, I get it....yes when I decided to trade this method I simply pulled up the charts and scrolled through it day by day as you suggested to verify what I had suspected. I think I only reviewed about 2 months worth of data. Sorry for misunderstanding your original question....again overly...

Sorry...... I am brain dead today....up all night with a screaming baby. Mike

Db.. I had the free 30 day trial to TS once....for me, the "easy language' might just as well have been Sumerian cuneiform!! Needless to say, I did not continue my subscription. My backtesting is based on visual observation over many years and actual trading. I learned to trade the old...

Hi Natalie... most of the time, I don't trade inside the 30 minute range. If I see something compelling though I will. I still tend to stick with breakouts ie. if I see the market consolidating in a tight range inside the 30 min. range I will take the breakout of that smaller range or...

Good thought. FWIW I use Esignal and am very pleased with it. Of course, it does much more than I reguire, but the data feed is very reliable and that is what is important to me. You can configure your time templets to start/end any time you wish and the bars will start and progress...

Db I generally set my stop orders after the first 30 min. and then do something else. So yesterday I got filled and then almost immediately taken out for a 4 point loss on the up side break. I fortunately made a miscalculation....I just reviewed my records... and set a sell stop @...

Db... All this discussion is good...and like Natalie has said...it helps us crystallize or thoughts. Sometimes we become complacent in our trading and fail to see the obvious. That be said, let me try to explain my reason for what someone on this board referred to as a "method" of trading...

You people are making me think too much:confused: Draw downs etc: I don't keep good records but I seldom have a down week. I guess I have more rules than I thought and it is good that you are making me articulate them. I would not have taken that last long trade today on the NQ for 2...

Db... I would still use the high of bar A for a long entry but my new short entry would be the low of bar B minus 2 points of course. Opposite of course for a failed long trade. For instance looking at todays NQ chart my new long entry at this point is 1066.50 that is 2 points above...