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IB is supposed to give 50:1 leverage in Forex but you can never have that due to the following reasons: * 50:1 is both the buying power and the margin call. Since you can never have a trade with no drawdown, the maximum effective buying power is like 30:1. * Leverage is reduced by half even...

I feel so sad after following this excellent thread so far. Another good trader disappear from the online community because of the trolls on these forums. What is even sadder is that it is so predictable every time. Those losers just can't stand other people's success so they will make all sorts...

Hi DRT, I've been following your calls for some time and they interest me a lot. You said that you are analyzing weekly and monthly price distribution. Have you tried your method on daily bars and if you have, is the result as good? Thanks.

Hi Tony, I think the long awaited reversals in commodities and currencies are finally here. Gold down $40 from the top yesterday. All USD pairs are way off their top/bottom too.

Stopped at 1.2864 :mad:

Long at 1.2909

Long at 1.2087

Stopped out at 1.8875 :( Edit: Ahhhhh... Look like I'm stopped out at precisely the top. Lesson: Never place a stop at a top or bottom.:mad:

Short at 1.8834

Short at 1.2859

Close at 110.34 for +106 pips.

Short at 111.4

I'm fully loaded on the short side at the moment. I'll either get a truckload of money or my head handed to me on Friday :eek: :cool:

Short at 1.2627

Long at 1.2595

Both the dollar index and USDJPY have broken through support. So I think the dollar index will go to 86 and the USDJPY will go below 113.36. However, before it does that, the USDJPY may have a bounce to about 116. The EURUSD is likely to meander around this level due to the weakness in both...

Yes, I think the EUR has completed the retest of the recent high this morning (Sunday evening US time). I shorted it last Friday at 1.350. Looking for a near term target at the low of the channel.

Hi Tony, Just what I thought too. The EUR hourly thrusts have been getting weaker and weaker. I have got out of all my EUR position and am 100% cash now. If the EUR can't make a new high tomorrow, I think that's the end of wave B. By the way, gold has been completely crazy the last few...

I think gold topped yesterday or will top in a few days. Waiting to buy back at $570.

Another question so that you can answer them all in one go: I'm assuming that on each day, only a small portion of your patterns/indicators are matched/activated. That begs the question some patterns may be activated only a few times a year and if you only backtest them on 280 bars, would it be...