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- ChristopherM replied Feb 14, 2015
Something that occurs to me is that in the UK all accounts are 'spread betting' because under English Law there is no tax on a bet. However such a contract is not enforceable under English law. So if a broker decides not to payout then there is no ...
- ChristopherM replied Jan 19, 2015
I mean trade as a company with limited liability. Having a website is not necessary as all you need is the limited liability company.
- ChristopherM replied Jan 19, 2015
It costs just £15.00 to form a UK company online and it is formed within 24 hours of submission. It would provide very cheap protection against the events of last Thursday - Black Swan as they may have been. The UK is really one of the best place to ...
- ChristopherM replied Nov 23, 2014
To quote Thomas Edison “I have not failed. I've just found 10,000 ways that won't work.” You are not a loser, you just have 10,000 ways of not making any money. The trick is to find the way in which to make money. And don't forget most people give ...
- ChristopherM replied May 6, 2012
I have accounts with both eToro and Oanda. In my opinion both brokers are good, honest, and straight forward. However each has their own quirks which you have to live with. eToro has slightly wide spreads charging three pips on EUR/USD. However they ...
- ChristopherM replied Apr 24, 2012
In fact I have just spotted you bullish pennant and it is on the 15 minute chart. Personally I don't like it as the pole is a bit sunken. I can see how it could work, though for personal reasons, I would prefer if it did not - sorry!!!!! Anyway the ...
- ChristopherM replied Apr 24, 2012
Hopefully not as I am short!!!! I must say I cannot see your bullish pennant. In fact on the daily chart there are the remains of a bearish pennant. The pennant is now getting a bit long and lost. However we are in a range and my hope is that we ...
- ChristopherM replied Apr 21, 2012
Looking at the divergence, any divergence is good divergence. With hope we will be going down and breaking that key 1.30000 level. The bond yields for Spain have been bouncing towards that 7% level which is considered to be unsustainable. Think of ...
- ChristopherM replied Apr 19, 2012
The price action has been extraordinary over the last two weeks being trapped in a 200 pip range. The problem is that if you take your eye off it for a second you will miss that 500 pip breakout move. There is a saying that a watched kettle never ...
- ChristopherM replied Apr 15, 2012
For the last 11 weeks EUR/USD has been in range between a low of 1.29732 and a high of 1.34844. There is nothing to indicate that there might be a breakout if this range. Thus I think it is a reasonable probability that the price action will remain ...
- ChristopherM replied Apr 2, 2012
Don't worry got me too. I went long half a lot above piviot and it broke through short. Anyway managed a stop and reverse with a full lot going short and on balance I am up. I am targeting 1.32500 though may unload half at 1.32800 if we see it ...
- ChristopherM replied Mar 29, 2012
My concern about looking to take a short position is that the 58.53% of Oanda retail traders are already short. Using this as a contrarian indicator, the price action may be going long to squeeze out these shorts. I think that we have two potential ...
- ChristopherM replied Mar 7, 2012
Nice Evening Star seems to be setting up on the hourly chart which might just mean we will test 1.31000 and fall below. Would be nice and I will enjoy the dream.
- ChristopherM replied Feb 29, 2012
I hope you are right as I have opened a position long at 1.33394. You have 1.4 pips advantage on me. My intention is to add should it start being positive with real evidence of a resumption of the medium term long trend. I do think that we will be ...
- ChristopherM replied Feb 24, 2012
Quite frightening though the problem with Greece is that it lacks any military strategic advantage except possibly being close to the Middle East.
- ChristopherM replied Feb 19, 2012
Oanda remains open all weekend for trading. However there is next to no price action plus there is a 10 pip spread. However it is open and trades may be taken. Personally I like Oanda very much and it is the 'Ford motor car' of trading platforms - ...
- ChristopherM replied Feb 19, 2012
It seems to have gapped up some 50 pips. The great question is whether it is going to close the gap and assuming that it will, the point at which an entry short should be made. It is still all systems go for a Greek deal so while that remains the ...
- ChristopherM replied Feb 7, 2012
The signals are not always mixed and when they do line up, you have a very high probability trade. Mixed signals really is a signal to trade the range and not a trend. I prefer to trade a trend as that allows me to add to winners. However the market ...
- ChristopherM replied Feb 7, 2012
Technically it should break through the 1.32000 level and continue to the long side. There is a very definite flag pattern on the daily chart. However the problem is that this is the eighth trading day on which the 1.3200 has not properly broken. ...
- ChristopherM replied Feb 7, 2012
I personally think that the tide is turning and the opinion is moving towards sympathy and understanding towards the Greek people. Sadly the administration has been misguided which has lead to the current situation. I believe that the correct course ...