Recent content by bob1408

The latest EU agreement may be the source of more problems than solutions.. Do you think GB did the right thing by staying out of the latest agreement? Do you see EU will eventually collapse? Is this agreement result of Germany's desire to take over EU.. My views quite similar to the...

Thanks. It's a relief. That would have killed my style of trading. What about new Obama Finance and Banking bill? Does it touch the FX markets in any negative way from the perspective of speculators?

Today, I come across a news kind of clip on one FX blog, if it's true it looks quite disturbing. Apparently, in last G8 summit, they proposed a regulation (to take an effect after 1 year) that only banks with central bank license will be able to participate in FX markets. About 10 central banks...

Thanks a lot John. That's encouraging to know. Today I have been playing with with SMA and EMA to produce sensible crossovers and looks quite promising. When trading in M1 and even sometimes with 5 seconds charts it's nice to have a sense of direction with M15 and H1 charts that's where SMA &...

It felt like looking into a crystal ball. Maybe it was beginners luck. I couldn't build a sound system with just price action and candlestick charts. All trades were done in short time frame. Some were simply scalping. I don't believe in magic or such stuff. I need to build a system based on...

I have opened a demo account with Oanda and Interbank FX and started trading. First 4 days, I have traded on purely price action and short term trends with basic understanding of candlestick charts. During this 4 days I made 16 trade with 14 winning and 2 loosing trade. My standard demo...

I like to do some backtesting in order to develop a trading system for myself. Sierra chart and QChart looks interesting but their subscription based pricing not attractive for me as I only want to use it for backtesting at this stage (for about 2 months or so). Can anybody suggest any other...

Thanks for the links Martinghoul. Well, if you think Federal Reserve is operated and controlled by US Government then all I can say investigate it yourself with an open mind. I wasn't trying to make any political point as such. Understanding how the system works would give us (traders and...

For example US Federal reserve is not owned and operated by US Government. It's owned and operated as a private monopoly. Sure Government appoints 2 board members but out of how many... Many others operates under the name of independent central banks but in reality they are all owned and...

It seems that most important factor for traders and investors to watch the state of money supply. After all inflation and deflation controlled with it via powerful central banks - they are mostly in private hands not governments. So, the question is where we can obtain fast and reliable money...

Thanks a lot guys. Appreciated. Sam, I totally agree with your view about psychology and risk management aspect. I also believe doing the job well will take care the money parts of any professional work. Somehow, I think I couldn't put the question clearly. What I was trying to ask is the...

Thanks a lot Rhody Trader. When I go live I'm planning to trade in only EUR/USD pair (assuming EUR still will be around by then). I'm looking the live data and see price going up and down say 1.2360 to 1.2370. What kind of quick mental calculation I can make instantly to see that 10 point...

Just learning... I see that for major currencies (excluding Japanese Yen) pip unit is .0001 I also understand calculating pip value (in terms of money) is not that difficult. ie. in case of EUR/USD: (.0001 / exchange rate X lot size = ... x exchange rate = $.... Wouldn't it be handy to have...

I was going to start a newbie thread similar to Kingpin2012. After seeing this thread, I thought it wasn't necessary. Considering there are no ends of information (good or bad), What I was going to ask was bit more specific in order to avoid battling with all unnecessary information and wasting...

Thank you SS Marketing for clarification. It's a nice software with better user interface, usability features and some nice tools when compared to most others on offer. However, the downside for me is it's data handling options. I'd definitely buy a copy if it allowed me to import in ASCII and...