Recent content by Wicked_Daddy

Greetings all, Been awhile since I checked in. Some friends and I had a lively discussion about the future of US stocks over the next 2 years, with the S&P being the gauge. I would like to get a more "world view" from traders here. So, what is your prediction for the S&P over the next couple...

Thank you, George! Yes, it may seem complicated but trading is complicated. I find that following a set of steps/rules actually makes it more simple.

I use a stochastic for cycle identification. In a clear up trend, a cycle down will be a Stochastic at or below the 20% level. This retrace will also be clear on the chart because the low will not be as low as the previous low. My favorite trade is to enter at the first cycle down after an MA...

You have to do what works for you. My method works extremely well for me.

There are 5 parts to a successful trading method: 1. Trend/Bias - establish the bias of the market. Is it up, down or sideways (consolidating) 2. Strength - if there is a trend, how strong is it. A simple MA cross can establish this as well as the angle of the trend/price action. 3. Cycle -...

I used to trade on FXCM's platform, which was based on U.S. Eastern Time. Therefore the day closed at 1700 EST and the new day candle opened accordingly. Since FXCM clients were forced out, I have now transitioned to Gain Capital and I use their data in MT4. That data is based on GMT (London)...

Name of the book? I don't understand. Are you suggesting I write one? If so, I have given it some thought.

Moka, The point is, and I believe you are saying the same thing, is that this broker engaged in dishonest practices. We'll both agree on that. But the fact is; all brokers are dishonest. Show me a broker that you believe is honest and I will show you examples of how they are not. The whole...

I can't read all 24 pages of this garbage just to confirm that no one has even bothered to define the word, "strategy". Is it a method? Is it a system? Is it a set of rules? Is it a goal with a plan to achieve it? Let's start with: "A plan of action or policy designed to achieve a major or...

Oh geez, I can't resist! You don't need a weatherman to know which way the wind blows.

I'm not taking sides with FXCM here, but I see this as the CFTC kicking them out of the country on a marketing technicality. I was an FXCM client in the U.S. for a few years and I made a lot of money trading Forex with their superb platform. Now I have been forced to move over to another U.S...

Anyone using FX Choice? Please share your experience. Thanks.

Anyone using Forex.com/Gain Capital? Input on your experience would be helpful. I have read several reviews that talk about how profitable clients are quickly terminated. I will be a profitable client and don't need this hassle. Is it true or just disgruntled losers? Oanda's reviews are not...

TD Ameritrade is an IB to Gain Capital. The other two are clearing houses. There are two brokers left in the U.S. that provide forex trading - Gain and Oanda. Everyone else is an IB to one of them. 2 choices. That's it. And I think it will not be long before they give up as well. CFTC and NFA...