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  • #921
  • Dec 2, 2014 12:23pm Dec 2, 2014 12:23pm
Quoting itsallover
{quote} ,,,looks like I got out just in time,,,,,M1 had formed a triple bottom so I wasn't taking any chances
on the 15min tf I saw price made a HH ,HL,HH ...so I would be cautious...just saying
the cautious seldom err....C
  • #922
  • Dec 2, 2014 12:23pm Dec 2, 2014 12:23pm
Quoting pips29
{quote} the correlation is not that strong imo I only look at those + or - 80 {image}
,,,maybe I'm using the term incorrectly. What I mean to say, is that if EURCAD is short I'd be hesitant to take EURUSD long at the same time. The reason being EUR cannot be strong and weak simultaneously.

I guess an argument could be made that USD could be a lot weaker than CAD is stronger against EUR. In which case it would be ok to Long and Shot EUR at the same time.
.... laughing all the way to the bank
  • #923
  • Dec 2, 2014 12:26pm Dec 2, 2014 12:26pm
Quoting pips29
{quote} on the 15min tf I saw price made a HH ,HL,HH ...so I would be cautious...just saying
I'm not good at sighting HH LL HL scenarios
.... laughing all the way to the bank
  • #924
  • Dec 2, 2014 12:27pm Dec 2, 2014 12:27pm
Quoting itsallover
{quote} I'm not good at sighting HH LL HL scenarios
shutting down now. cheers. I meant HL and not LL
the cautious seldom err....C
  • #925
  • Dec 2, 2014 12:36pm Dec 2, 2014 12:36pm
Quoting pips29
{quote} shutting down now. cheers. I meant HL and not LL
ok Im logging off as well
.... laughing all the way to the bank
  • #926
  • Dec 2, 2014 12:44pm Dec 2, 2014 12:44pm
Quoting Stu Effex
{quote} Kelly when you get a lull in your trading can I trouble you for bit more info on the spread betting ? Specifically do you have to settle every day or can I keep a position open for weeks/months ? Cheers Stu
Hey Stu,
In response to your questions.

1. No you don't have to settle everyday. I have read that Brokers prefer traders who have trades longer than just a few hours .
2. I have never known the Brokers to refuse positions kept for months. I once forgot I had a trade and cashed out as soon as I saw it

There are plenty of good offers and make sure the Brokers are regulated .
.... laughing all the way to the bank
  • #927
  • Dec 2, 2014 1:33pm Dec 2, 2014 1:33pm
Quoting itsallover
{quote} Hey Stu, In response to your questions. 1. No you don't have to settle everyday. I have read that Brokers prefer traders who have trades longer than just a few hours . 2. I have never known the Brokers to refuse positions kept for months. I once forgot I had a trade and cashed out as soon as I saw it There are plenty of good offers and make sure the Brokers are regulated .

Ok Thanks Kelly. On that basis I will investigate further. I have stayed away maybe on misguided thinking that it just seems to be good to be true. Tax Free but they must get it from you in other ways has been the thinking for some time without actually knowing. Just comfortable with normal brokers Duka, Fxcm etc I suppose.

Hope you had a good day and meeting your targets again
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #928
  • Edited 2:36pm Dec 2, 2014 2:25pm | Edited 2:36pm
Quoting albchr
{quote} LOL ... Yeah. I loaded it twice for 50k to trade a gold EA I was testing and it kept coming up $0 .... lol Since the only thing I use demo for is testing EA's and none of them run on MT5, it's just for the index charts. Bit of a drag having to run another platform for them but as you said, they are "handy" to have at times. I do agree with pips though that you don't really need them. Maybe one day I'll figure out why I still use them. Teething ring? Favorite blankie? ....
Thanx sweetie.
I'll just carry on without them. I've only just stablised my data usage- I can't afford to have another platform,,,, currently I have two running.
Aww you big baby ,,,, you won't let go your blankie
.... laughing all the way to the bank
  • #929
  • Dec 2, 2014 2:28pm Dec 2, 2014 2:28pm
Quoting Stu Effex
{quote} Ok Thanks Kelly. On that basis I will investigate further. I have stayed away maybe on misguided thinking that it just seems to be good to be true. Tax Free but they must get it from you in other ways has been the thinking for some time without actually knowing. Just comfortable with normal brokers Duka, Fxcm etc I suppose. Hope you had a good day and meeting your targets again
I really do think it is a case of it is too good to be true but it is true.

No taxes. Check
MT4 Platform. Check (not all of them though)
Fast execution .Check
Tight Spreads. Check (some of them)
.... laughing all the way to the bank
  • #930
  • Dec 2, 2014 3:02pm Dec 2, 2014 3:02pm
,,,could be a bit premature,,,,, but I love the way the M15 hogs the MBL. I've got a very tight stop

EURUSD M5 Long
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmicroM5.png Size: 31 KB
.... laughing all the way to the bank
  • #931
  • Dec 2, 2014 6:35pm Dec 2, 2014 6:35pm
Quoting itsallover
{quote} I really do think it is a case of it is too good to be true but it is true. No taxes. Check MT4 Platform. Check (not all of them though) Fast execution .Check Tight Spreads. Check (some of them)
yes, the taxman can't lay a hand on your winnings on a spreadbetting account. It comes under the gaming act and treated as gambling. Winnings from gambling like in a casino are not subject to tax. I have 2 spreadbetting platforms,namely fxcm uk and alpari uk. The law might be changed if the government finds that 95% of forex traders in the UK win
the cautious seldom err....C
  • #932
  • Dec 3, 2014 2:38am Dec 3, 2014 2:38am
Quoting itsallover
{quote} Thanx sweetie. I'll just carry on without them. I've only just stablised my data usage- I can't afford to have another platform,,,, currently I have two running. Aww you big baby ,,,, you won't let go your blankie
... LOL
Attached Image
Ghost Rider - WWTBMD?
  • #933
  • Dec 3, 2014 3:11am Dec 3, 2014 3:11am
Quoting pips29
{quote} yes, the taxman can't lay a hand on your winnings on a spreadbetting account. It comes under the gaming act and treated as gambling. Winnings from gambling like in a casino are not subject to tax
I have 2 spreadbetting platforms,namely fxcm uk and alpari uk. The law might be changed if the government finds that 95% of forex traders in the UK win
I love the Gaming Act

I don't think there'll be any problems regarding the 95% though....lol
.... laughing all the way to the bank
  • #934
  • Dec 3, 2014 3:11am Dec 3, 2014 3:11am
Quoting albchr
{quote} ... LOL {image}
lol I love Linus
.... laughing all the way to the bank
  • #935
  • Dec 3, 2014 3:12am Dec 3, 2014 3:12am
What a messy start

Stopped out on EU -9.6 pips
.... laughing all the way to the bank
  • #936
  • Dec 3, 2014 3:13am Dec 3, 2014 3:13am
EURCAD H4 Short
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADmicroH4.png Size: 33 KB
.... laughing all the way to the bank
  • #937
  • Dec 3, 2014 3:18am Dec 3, 2014 3:18am
GBPCAD H1 Short
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADmicroH1.png Size: 40 KB
.... laughing all the way to the bank
  • #938
  • Dec 3, 2014 3:48am Dec 3, 2014 3:48am
How ya doin pipbuddy
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 53 KB
  • #939
  • Dec 3, 2014 4:45am Dec 3, 2014 4:45am
Quoting WDays
How ya doin pipbuddy {image}
I'm doing good thanx WD
Thats a fine looking chart
.... laughing all the way to the bank
  • #940
  • Dec 3, 2014 7:51am Dec 3, 2014 7:51am
Quoting itsallover
{quote} I'm doing good thanx WD Thats a fine looking chart
It's even finer looking postfactum http://www.forexfactory.com/showthre...06#post7916506
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