Recent content by lovemyprofits

Some good threads on moneytec.com that explain in detail when high volume occurs. Essentially the European opening and next two hours is peak of day. New york opening and next two and a half hours second peak. Australia is a non event. Japan is a non-event except for USDJPY and EURJPY...

FXCM is good. I heard Saxobank is good too.

I trade short term using 8 to 1 leverage. I risk just 1% of capital on a trade. So 10 pips in EURUSD is my stop loss limit. On a day like trade figs or employment I wait for the market to settle down. When I see 5 minute bar chart ranging for 5 or more bars I can get invloved if I see something...

Personally, I like the Pound. The flip side is the USD. Fridays 0.3% drop in producer prices was significant. Greenspan worried about deflation and this number points to it. I think Pound can reach or exceed your level on the back of a weak USD that just took another negative shock. I traded...

My day begins at 1am Eastern Standard Time. My trained eye is carefully watching the currency markets in Europe as their day begins. For now I am just watching. Getting into the rhythm and flow. Sometime in the next 10 to 12 hours I will execute just one trade. This trade will have a high...