funny how my old threads keep coming back to life recently. I still use this strategy. Not sure I want to even try to convince anyone to use it. I shared it for free. I use it on cable mostly. I had a long and short from $2 and held it all the way ...

You could do that, but that brings additional risk into the equation. The idea of the strategy was to be risk free, and in theory it is.

you dont need one

depends on the broker.. for IGIndex it's 1 GBP

if its a word for word copy, then it's been copied from me!! I wrote this originally many months ago!!

yep :-)

Yes, limit orders are good. It saves watching price action and feeling "left out".

I'm kinda bearish on the pound.. there are probably more rate cuts to come. I am even more bearish on the buck though. I think the fed could still make a few more cuts, leading to even more inflationary issues, potentially making for a bigger ...

I think that is unlikely in the near to medium term.

The dollar could depreciate further against the euro, pound, swiss franc and yen if the fed keeps lowering rates. Who would have though that a short USD/CHF position would be a positive carry trade a year ago? not me that is for sure.

quite possibly.. I didn't trade last week as I was traveling. It doesn't win 100% of the time, nor does any strategy. It is the long term picture that is going to give you good returns.

ya, using big leverage.. but essentially it's just like gambling, you will lose a couple of trades in a row and that will be the end of your account.

Forex trading easy, didn't you know?

oh yes, this was one of my biggest mistakes at first... It took me a long time to get over it as well.

Well, look at this forum, most people join, make a few postss, thinking it's easy, then disappear. Perhaps that tells you something.. As for hard proof, hard to give it really, unless u work for a broker

one trade really isn't enough to tell if your strategy is going to work. It would be better to use stoplosses and risk only a small part of your account on each trade, perhaps 0.5% or 1%.

I think we may have seen a bottom on the dow and carry trades, but I certainly would not be prepared to put my money where my mouth is at this point

A real nice uptrend on the 4 hour chart.. I've been long for quite a while from 9600. since the 6th feb.. targetting 9950. resistance at 9720 first..

behave yourself

longer time frames often need much less time sitting watching the markets, which to me least is very appealing.