Looks likely to top at 1.64ish, then down again.

Look at the usd/chf daily chart, suggests an upsurge. If so, gbp/usd looks ripe to short.

The fills wont be great, but overall oanda are a good broker.

Looks ripe for the usd/chf to surge upwards.

Oanda is good, but the spreads are big around news, but ultimately they are a good broker, despite this.

Shooting star is a great one, esp on longer timeframes.

grfx is essentially right. However, with all correlation trades, the relationship can occassionally break, so be prepared if the relationship doesnt always hold up.

Lack of information, and belief in gut instinct, not facts.

I've had this with fxcm. You just have to reduce your position size, and not have too tight stops.

The sentiment at the moment seems to be everyone is waiting to sell. Is it possible, this could go higher. 165-170ish? No bad news at the moment to cause risk-aversion.

Great thread. Got this set-up for monday trading.

It does seem crazy that gbp/usd continues advancing. Maybe the market has faith in the coalitions plan to cut debt.

Just found this thread. All in all a good strategy. Will add it to my arsenal.

Each currency has its personality. But understand that they are all linked. Understand that, you'll make bank

Draw them on all time frames. Then you see S/R on all charts to know likely areas of congestion.

Think overall, this strategy is doomed to fail. I coded an EA once, on a similar set-up and the results werent good.

Generally a poor outfit. Had lots of slippage with them.

So are you saying, when you compile in metaeditor, it saves both an .ex4 file an .mq4 file at the same time, in the relevant directory?

Hi, The file is always saved as an MQ4 file, an editable one, not an encrypted .ex4 file. Anyone help?