spread was fluctuating between 5 and 7! pips early at around 6 pm est on USD/JPY. What a shame because i really liked Oanda's interface.

Another +5 on USD/JPY ... even with bad spread for scalping. Not a good trade IMO -- way too aggressive on longer term chart... Must overcome my IMPATIENCE...biggest weakness as a trader. But thanks Favorite

yup. Even *I* know that. lol... It's hard enough to make profits scalping with the 1.2 pip spread... 1.6 or 2 is just asking to fail IMO... Am I wrong?

Thanks CVDS and Pablo! Totally agree!

Nice thread. Thanks you guys for getting me inspired and back into trading after a hiatus... First trade, grabbed 6 pips on the USD/JPY... I'm REALLY bummed that spreads have widened on Oanda -- used to be 1.2 EUR/USD and .9 on USD/JPY, now its ...

they wont let me, i'm resident of USA....

What the heck? Getting back into trading after a hiatus... Oanda used to be like 1.2 on EUR/USD and 0.9 on USD/JPY... now its fluctuating , averaging about 1.6... this blows!

Undercapitalization and lack of funds are a non-issue IMO. Just keep your risk per trade small (1 to 2%). that's it. BOOM!

scalping — If you like price action scalping, try putting a 100 period Kalman on the 1M. It serves as a nice filter - no pun intended. Look for longs when price is above the line AND line is sloping up. Look for shorts when price is below the ...

edges — I can think of at least 8 edges (trend is only one of them) that you can find everyday in TA/PA. I took 18 scalps today and ended up 20 pips positive. Don't let anyone tell you that you can't find an edge in forex. There's many ways to ...

5 second rainbow still a good tool? — Not sure. But this Asian session price action seems problematic to trade. Maybe this is exception not the rule, but what would you do here?

Cycle Trading — Hello John and all. I recently stumbled into this thread, cycles, and Ehlers... I initially started trading years ago, stopped, and just started again in the last several months. My recent results, although overall profitable, ...

yeah !!!

yeah BB are one of my favorite indicators... I can try finding the time do some more postings...

Why are you promoting your own product and pretending its not yours?

Common man, if you're gonna promote your own e-book, at least be upfront that this is your own product.

You can on your discretion...You will get more trades this way. However if you wait for a proper signal, it stands to reason that this is a higher probability trade because the short term price action was out of synch with the other EMAs and should ...

dont trade during the news! In general , if you see lots of spiky , choppy action, its a perfect time to do some range-bound trading on the Bands.... Buy at the bottom sell at the top... Enter on a touch of the band only in direction of trend.