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the March high at least, then consolidation to 550-600 range, then a massive breakout over 600 onto 800. IMVHO of course..

Already ran up to $494.50 today on this contract. A break over $500 will send in the funds in a very large way in my view.

Long PAU8

The more complex the ATS is, the more likely it is too fail. Keep it simple, trade a very liquid market and try to emulate a manual strategy that has already been tweaked and back-tested successfully.

Don't take this response the wrong way but all I can recommend is that you do your own due diligence. If you are coming to a message board to find these answers then you probably should stay away from automated trading on the FOREX. Especially if you have never traded real money on FOREX before...

I am looking for a similar answer to this question as well. I am not even sure that AmiBroker really supports Automated Trading yet as I can't seem to find any viable information on their website about how the platform goes about doing this. I have also tried Multicharts 3.0 with no luck in...

Still Rollin' in it. Best Year Ever...

This is a great thread BTW. If you haven't already read "Reminiscence of a Stock Operator" then please do so. This book means much more about life as a trader then anything. Although Jesse L. had great moments as a trader, he was a manic depressive and he took his own life as a result. He had...

In due time, federal regulators must step in and clamp down on the rampant speculation by the large fund traders. Right now there is no action being taken by the CFTC because the current administration is under no pressure to do so. This will change very soon though. I expect some kind of...

Coordinated intervention to take the XEU down to 1.48 looks likely in my view. The EU manufacturing base is screaming bloody murder to the ECB right now and they usually get their way for a short while. If anything, the BOJ is the likely culprit to get the Yen weaker and therefore most...

I'm curious to know if anyone here uses MRCI for outright positions and what their level of success has been? From what I can see, if a trader sorts through the monthly strategies and does some technical due diligence on a particular setup, then the results look very promising. However, entering...

Play the Matrix at your own risk... Nothing is ever Five 9s...

don't quit your day job. If you are planning on using your life savings to trade, I would highly recommend against doing so as you will likely loose it all. It will take you at least 7-10 years to gain the proper amount of experience to go full-time in my view. Even when you feel up to par with...

There is an entire segment that he does right from the CME SP pit after the close for the day and it only seems to air on CNBC Asia at around 6-7PM EST every night. His 5 minute wrap-up is hands down the only thing a trader's ear needs to hear.

Did I forget to mention that gold is on the verge of breaking loose? So much for my tout service. Next stop for the US Peso Index is 56, notwithstanding a bullshit rally every now and then, its basically over for Uncle Buck...

Take a look at the silver chart and then the gold chart. Silver is leading gold in the diagonal formation and therefore gold is about to completely let loose on the upside imo. 1K is right on its way...

This cut won't have the desired effect. The Fed should have cut 0.50 on the 1st trading day of the New Year. If anything, this cut shows the world that the Fed is in full blown panic mode now. Overnight rate cuts don't filter through the economy for at least 6-9 months anyway so what is this...

Since I didn't come to ET to be challenged by other posters, I will be exiting stage left along with today's disaster that is unfolding right before everyone's eyes. Traders staying long the metals via futures expecting a safe haven are surely going to be disappointed when the cartel gets done...

This is not likely "the top" but quite possibly the start of a extended correction to alleviate overbought conditions and to unwind hugely speculative fund positions via the COMEX open interest. Think about this for a moment, in May 2006, gold only spent about 2 days over $700 before the gold...

Aside from US/ECB Interest Rate policy moving forward, traders also need to recognize the fact that the majority of the gains in the metals complex have coincided with strength in the global stock indexes since 2003. Even though gold has outperformed the US indices dramatically, there is also a...