I think I will skip my weekly report next week. Starting over again and migrating away from IBFX. Stay away from FCXM.

The way I trade, using very small lot sizes and lots of trades is just not doable with fxcm. I'm glad they announced their pricing schedules. Sunday soonest, I am closing my account with IBFX and going with Oanda or a foreign based broker willing to ...

The difference between P/L and margin: Notice that there are times when the p/l is dancing around so fast you can scarcely read the numbers. Notice how steady the Margin is even during these times. Now P/L equals the number of trades X average lot ...

The more thoroughly you understand these things, no matter which methhod or style you use, the better a trader you will become

The key to trading without a stoploss appears to be the margin. If you are a newbe you should really study the relationship between number of trades, P/L size, balance, equity, and margin. Get on top of that and you will find the ideal entry point ...

hat I did this week: %change in equity:+238%/annum %change in balance:+54% annum %change in P/L-50(good) Margin Level %: 776.92 no of weeks since last taking a loss:0 no of trades open:11 0 pending 2%loss taken in gbp/usd which has continued ...

Playing through the news is a good way to put it. With the small lots, I need large rapid movements to make money. since I have every currency I trade bracketed, most of the surprises news events gives me are pleasant.

you do quite all right without it.

I agree that trading during the busy, news-driven days is a different animal. teus, wed., and thursdays are the busy days. the US session at opening and around ten o'clock are especially raucous. You have to acquire a touch. But then that touch is ...

It's funny because I make a lot of money off the news without a fixed stop loss. If one pair goes against you another goes for ( complementary correlation). the market usually overreacts and comes back so you take your money and run on the pair that ...

You assume that because we use no fixed stoploss we are doomed to ride the death trade to our demise. Not true, unless you use insanely large lot sizes as the brokers advise you to. There are many ways to reasonably close down a trade in loss. Get ...

let me know what you think bob, Personally I use tiered pending trades taking profit at 20 pips and separated by the spread so that one closes before the other opens for when I am away, and I scalp the trades that are in profit when I see them while ...

Thanks Nanningbob for the info.having these on a single sheet of paper can strongly influence choice of trades when the margin gets tight. Maybe even before. Rap. p.s. of the 176 trades in profit I made this month 120 of them were in the high half ...

As for me I don't. Too complicated. I take advantage of breakouts, and I have seen staid and stable, low ATR turn wild and wooly in an instant. For instance the relatively staid USDCAD pair, with its plunge the last few days, doubling it's recent ...

I close all pending trades every Friday at one pm and anything in profit, not to be renewed. MT-4 plays funny games with pending trades on the weekend. I look to go into Tuesdays as lean and mean as possible. 2d of September, the banks will be back ...

What I did this week: %change in equity:+65%/annum %change in balance:+94%/annum %change in P/L(11%) Margin Level %: 599.01 no of weeks since last taking a loss:3 no of trades open:13, 0 pending noted that Wednesday, a normally busy day, was busy ...

Insomniacs do have that advantage. I have to get up and pee four, five times a night. Silver lining.Maybe that is why EAs don't appeal to me.

I really like Bilstein's method: If yesterday's close is above the monthly open->buy If yesterday's close is below the monthly open->sell Checking it with my own indicators (a set of Moving averages) They have yet to disagree. I thought until now ...

Thanks, T.