I think this should be added to list of Forex trading myths. Fund management is highly competitive. No one is just "trying to pay the bills." They are trying to make the best risk adjusted gains possible, or they can expect to lose their clients and ...

If you are holding your self out to be a CTA (if you plan to solicit for clients), you must be registered. If you just want to trade for friend or family member you can act as an exempt CTA, but if you ever have more than 15 clients or $250,000 ...

Managed Accounts — Hi Mark, If you live in the U.S. and you have more than 15 clients or $250,000.00 under management, you must register with the NFA and CFTC as a CTA, or if you plan to solicit clients (meaning you aren't simply trading a ...

You may be correct about short term trades with something like a 40 pip goal. I let all my trades run (since I don't really scalp anymore) until the market stops me out. With this type of trading I have found that scaling in works very well for ME.

Scaling Into Position — Something to consider, which is something that has worked for me, is scaling into your position. Let's say you intend to risk 1% on a given trade while trading off the hourly chart. Break your trade up into 4, so that ...

Hayseed, That got me on the right track; thanks! Art

Xaron, No offense taken; it's easy to forget not everyone is under the strong arm of the NFA/CTFC. I'll try to be more considerate in the future.

Hi Xaron, I am referring to the US only. I am not familiar with laws outside my own country.

FX Managed Accounts — All fund managers (of managed accounts) with more than 15 clients and/or over $250k under management must be registered with the CFTC/NFA as a CTA. Never give power of attorney to someone who is not a registered CTA. To ...

Indicator Idea — I have an idea for an indicator if anyone is interested in coding it for everyone to use. It would measure the distance of swing highs and swing lows and provide an average for each. You could use fractals to determine the ...

Hi Porkpie, I understand your question, and I feel like this is an issue most traders have dealt with at some point or another. First of all, if you have a good relationship, make certain it stays that way. It will most likely out live your trading ...

MM Suggestion — Hi CD, I have a money management suggestion. I have been moving my stop to breakeven after price moves +10 pips, but often I will be stopped out only to have price move in the desired direction. I still believe in reducing risk ...

See post #890.

For a short, the 5 min should be red first. Then, the 1 min should change to blue while the 5 min remains red. Next, the 1 min should turn red to match the 5 min. A standard setup should occur as the 1 min turns back red (or close to it). I'll try ...

The setup I mention earlier can also be a useful filter in conjunction with the standard setup. Look at the attached chart. The green lines indicate a standard setup used with the Heiken Ashi setup I mentioned earlier. The red lines are the standard ...

Hi CEO, I have read some materials regarding Woodies CCI. There are some simularities since both systems use the CCI, but what I was suggesting is not the same setup as Woodies zero line reject. The CCI34 may come back to the zero line, but it ...

Try this link: url

Clarification — Haha...I'll try to simplify. For a short trade: Both CCI's are below 0 (and remain below 0) signifying a fast downward move. Heiken Ashi on the 5 min is bearish. Heiken Ashi on the 1 min changes from bearish to bullish and back ...

Possible Entry Point — Hi CD, I have found a pattern that may be useful under certain market conditions. In a fast moving market with strong directional momentum, you may have both CCI's above/below the 0 line without the CCI 34 crossing ...