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- calstar commented May 26, 2015
What makes anyone think that the BOJ would want the yen to stop at 122???? As for the hysteria it really isn't, FX markets are speculative and that .25 rate hike for the year has already been priced in. The main driver now is that the US economy is ...
- calstar commented Apr 6, 2015
To trade the FX market you have to realize that the market is speculative more than reactionary. Most banks institutions etc are looking at the big picture and speculating where rates will go in the future. A countries currency strength reflects the ...
- calstar replied Feb 11, 2015
Well for one proper leverage. If you have $1000.00 in your account and you are trading at say.05 per pip you can afford to lose 2000 pips which would still leave you with 30% of your account after the 1700 pip loss. FX is not a lets get rich over ...
- calstar replied Feb 11, 2015
Well said very well said. What's funny is no one was complaining about the profits off the temporary floor for the past 4 years. Now however because people cant take responsibility for their own actions others have to suffer. This action ...
- calstar replied Feb 9, 2015
Don't forget China CPI that I think is bigger these days then all data combined. As China goes so do the Bears and the Bulls. Sidelined till after market news Good trading everyone.
- calstar replied Feb 6, 2015
Not sure what you mean by your quote. The principle is simple. 20 pips a day or 100 pips a week risking .20 per thousand allows a trader to lose 500 pips before blowing an account out. More if you reduce as you lose. If you compound the math works ...
- calstar replied Feb 5, 2015
I agree with both the posts if you are still trying to figure out you MM style then by all means you are probably not ready to go live. A simple system that has worked for me and that I have shared with many is this. 1) trade .05 to .10 for every ...
- calstar replied Feb 5, 2015
How is it that you say that the Brokers are screwing the retail trader. The swap rates are clearly posted and as such are verifiable from any forex dedicated site. For you to put brokers in a bad light is inexcusable. If there is a variance in ...
- calstar replied Jan 29, 2015
Technical analysis when done right should produce the same levels
- calstar replied Jan 29, 2015
Close above current should see 118.54 where I would expect some consolidation before an assault on 118.80
- calstar replied Jan 29, 2015
Couldn't agree more If you look at that candle as it rises UJ falls and vice versa some good news is that EU has reached the 61.8. So there is hope for the longs out there.
- calstar replied Jan 28, 2015
Much ado about nothing. The FOMC doesn't seem to be much of an event anymore as they remain the same status. Incidentally Market makers now have a weekly close below 117.75 at 61% and above 117.25 at 65%. Looking to play the range
- calstar commented Jan 27, 2015
funny you should say that because that is what I am trying to set up currently. I am building a website and will be starting a go fund me campaign. Its total crap I called my Senator yesterday and was told by his aide that he doesn't know how the ...
- calstar replied Jan 27, 2015
The NFA has decided that I cant deposit from a credit card. They have decided how much risk I can tolerate by limiting leverage. They have essentially told me I cant think for myself.YET! there is a local casino in my city run by an Indian tribe ...
- calstar replied Jan 27, 2015
also according to options market, the market makers only give it a 23% chance of closing above 118.80 by 3:00 tomorrow image
- calstar replied Jan 27, 2015
For what its worth image
- calstar replied Jan 26, 2015
To Dafonz What works for you is great. The point of my PDF post was I am limited to 50-1 and it works for me glad yours works for you and I would agree FXCM messed up but my point is I would rather not take the hit for FXCM by having to pledge more ...
- calstar replied Jan 26, 2015
LOL you are right I think we are all saying the same thing if you lose money be you a broker or trader its on you. But now how to get the regulators to stop pinching the little guy. I did call my senator today and was told by his aid that they ...
- calstar replied Jan 26, 2015
What are you talking about the screen shot is from FXCM It is $1000.00 to hold that trade which is not anymore then it would be normally? YOU still are risking $200.00 on 40 pips because if the trade goes bad(hope it doesn't) you get $800 of your ...
- calstar replied Jan 26, 2015
I am glad you find success with multi pairs and multi trades... Kudos, and if there is another run lets hope you don't get a margin call. Patience equals profits. As for Niv yes he and others lobbied as they should have because the NFA wanted 10-1. ...