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Trade What You See - Almost Naked Trading

  • #7,321
  • Dec 19, 2010 4:44pm Dec 19, 2010 4:44pm
eurchf +2
gbpchf +14
audnzd +12

Total = +28 pips
28% of the weekly target in 37 minutes
Good night
  • #7,322
  • Dec 19, 2010 4:49pm Dec 19, 2010 4:49pm
eurchf - out with 15 pips

Goodnight everyone
  • #7,323
  • Dec 19, 2010 4:51pm Dec 19, 2010 4:51pm
David, traquin and Triple K....great way to start the week.
  • #7,324
  • Dec 19, 2010 5:01pm Dec 19, 2010 5:01pm
Stayed in until the candle change. Out with +12 pips.
  • #7,325
  • Dec 19, 2010 5:05pm Dec 19, 2010 5:05pm
From everyone who reported in, by my calculations we made 85 pips on the gaps in under an hour.....
  • #7,326
  • Dec 19, 2010 5:12pm Dec 19, 2010 5:12pm
I got in to the AUD/NZD late and came out with only 10, but at least it was something. Changed from short (made 12) back to long on the E/U and up 9 now. This pair gave me close to 100 on Friday.
  • #7,327
  • Dec 19, 2010 5:15pm Dec 19, 2010 5:15pm
Now wait to 2.30pm (my time) to start looking at BO analyses.
To the shops!!!!!!!!!
  • #7,328
  • Dec 19, 2010 5:16pm Dec 19, 2010 5:16pm
Quoting Fitness09
I got in to the AUD/NZD late and came out with only 10, but at least it was something. Changed from short (made 12) back to long on the E/U and up 9 now. This pair gave me close to 100 on Friday.
Super job..brings our gap total up to 95 pips. EURUSD was a gift last week. May be again this week, too.
  • #7,329
  • Dec 19, 2010 5:17pm Dec 19, 2010 5:17pm
Quoting tarquin1
Now wait to 2.30pm (my time) to start looking at BO analyses.
To the shops!!!!!!!!!
You got it! After gaps come H1 4C BOs.
  • #7,330
  • Dec 19, 2010 5:25pm Dec 19, 2010 5:25pm
Yep, unfortunately it's always about time for bed when those start to get interesting
  • #7,331
  • Dec 19, 2010 5:44pm Dec 19, 2010 5:44pm
Not in Adelaide.
But it's definately time for bed when the US session starts, which is a bummer.
  • #7,332
  • Dec 19, 2010 5:48pm Dec 19, 2010 5:48pm
Quoting Suba
Hi LG and others

Here in Brazil we pay 15% of the profits in stock, futures, etc..., but here, Forex Market isnīt regulated so we donīt have Forex companies like Alpari, OANDA, etc...
I had to open an account in USA to deposit funds in OANDA by wire, but now i donīt know how should i pay tax over there, so can u say, how and how much, u that live in USA pay taxs.

Thankīs
Sorry bad english
Suba
Foreigner's are required to pay income tax on income that is sourced in the United States. The code provision which defines U.S. sourced income is 26 U.S.C. section 861. It puts that income into a few categories: Interest, Dividends, Personal Services performed in the U.S., Rentals or Royalties from property held in the U.S., Dispositions from sales of Real Property, Sale or Exchange of Inventory, Underwriting Income, and Social Security Benefits.

At first blush, it seems pretty clear that money made by trading Forex doesn't fall into any of these categories. Thus, it may be that you won't be taxed on your forex income. If you make any real money, I would definitely ask a tax lawyer about this before filing any return.

I am a lawyer, but not an expert on this stuff. This seems counter-intuitive to me. I would have thought that the U.S. would try to grab more things that have some connection to the United States. And if your account is in the United States, then there is a pretty good argument that you are making money here. That said, the tax code is very often counter-intuitive. So maybe there is no tax. And then again, a plain reading of the statute, like the one I just did on 861 often gives wrong results.

What I'm trying to say is that it looks like there is at least a good argument that the income is not taxable here in the US. But it would take more research to know for sure. And if it actually becomes an issue for you, then you should definitely get a better opinion from a tax lawyer.
  • #7,333
  • Dec 19, 2010 5:58pm Dec 19, 2010 5:58pm
Quoting duffypratt
Foreigner's are required to pay income tax on income that is sourced in the United States. The code provision which defines U.S. sourced income is 26 U.S.C. section 861. It puts that income into a few categories: Interest, Dividends, Personal Services performed in the U.S., Rentals or Royalties from property held in the U.S., Dispositions from sales of Real Property, Sale or Exchange of Inventory, Underwriting Income, and Social Security Benefits.

At first blush, it seems pretty clear that money made by trading Forex doesn't fall into any of these...
Thanks DP..not my area of law either. I just know for sure that if you make a profit, it is declared income and is taxed if you are a US citizen.

It is really not a problem unless and until there is profit..a nice problem to have.
  • #7,334
  • Dec 19, 2010 6:26pm Dec 19, 2010 6:26pm
Quoting duffypratt
What I'm trying to say is that it looks like there is at least a good argument that the income is not taxable here in the US. But it would take more research to know for sure. And if it actually becomes an issue for you, then you should definitely get a better opinion from a tax lawyer.
Thankīs a lot.
Iīll do some research.

Suba
  • #7,335
  • Dec 19, 2010 7:11pm Dec 19, 2010 7:11pm
These pairs seem to be setting up for BOs.

AUDJPY
CADJPY
CHFJPY
Attached Images
  • #7,336
  • Dec 19, 2010 7:43pm Dec 19, 2010 7:43pm
Quoting lawgirl21
These pairs seem to be setting up for BOs.

AUDJPY
CADJPY
CHFJPY
According to the pair correlation site that The Sage posted (page 483, #7239), there is an 86% chance that CADJPY and AUDJPY will move in the same direction. Will be interesting to test this out.
  • #7,337
  • Dec 19, 2010 8:30pm Dec 19, 2010 8:30pm
Looks like a pin bar may be forming on the cad/jpy probably signaling downward. Will the aud/jpy follow?
  • #7,338
  • Dec 19, 2010 9:38pm Dec 19, 2010 9:38pm
hello guys,

being inspired from this strategy, I'm looking to share my entry at EUR/JPY from last week posisition until today

http://lilipic.com/pictures/6f79f0eb...d5ea6281b4.gif

I'm adding stochastic with (14-3-3) setups to predict the correlation with RSI (3) clock, to going short/buy.
  • #7,339
  • Dec 20, 2010 12:32am Dec 20, 2010 12:32am
today market not so volatile,maybe not so much news release and most of them start taking leave for christmas
  • #7,340
  • Dec 20, 2010 12:35am Dec 20, 2010 12:35am
looking BO for 4 H chf/jpy
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