Recent content by Mata Nui

I am in the same trade.

Jedster, i notice you are using a delta of 3. Is this because you find it works better if you are just looking for crosses?

I see another pure signal just after the last one you marked. And as you say we are on one now. Not the best of days today. I think you could have lost quite big overall today. The signal at 13:45 (your chart) would have killed you and the extra one i marked would have just twisted the knife.

Good Euro buys on on the 15min against both USD and JPY this morning. Bit before i get to the computer unfortunately.

Yep. the sole income thing keeps getting mentioned here but its pretty much a myth. I believe HMRC have argued (or this is what is being said on here) that if it is your sole income then it is a business but nobody has ever come on here and said they know of a single case that has been tested in...

Yes, there is. BUT Income is defined in the notes so it tells you what things should go in there. You also cant explain where that income came from. It is for stuff like income from property, investments etc. To be honest i just let my accountant do my filing online now so it has been a while...

No. No legal position to declare it. Just like there is no legal position to declare scratchcard winnings. There is no place on a self assessment form for gambling income anyway.

HMRC may be aware of the 'problem' but even they cant change the law despite all the big talk. I have been self employed for a few years now and one of the things i learnt about HMRC very early on is they dont half talk some ****. They will threaten and openly lie about what the law says (or...

First of all can i say that its a very interesting thread and actually very similar to what i am doing. I have been looking at your correlator for the past few days and it looks good. Today is definately a day for shorts against the yen and usd but i also notice what seems to be a signal to get...

As DT said. Just lie. They wont check and dont really care, its just an fsa requirment that they are seen to be responsible. You could always get a demo account but to be honest its much more fun playing for penny stakes.

Margin can be a bit variable and it really depends on your broker. Some for example calculate magin based on absolutes (so your margin to trade £1 pp on DAX will be x amount) but others will take a stoploss into account so your margin to trade £1 pp on DAX will be less if you have a 20 point...

Has this changed into an EA now? How are you going to backtest a manual strategy for 10 years? Unless its day bars or higher you will still be backtesting in 5 years.

NVP gave you a clue, but thats not the whole story. If you pick a pair because of the spread, or the daily range etc then you are already making things much harder for yourself. Remember a pair consists of 2 currencies, each can be affected by fundimentals which we are seeing a lot of lately...

Interesting thread. Accepting that they go out of whack then revert how do you determine if they are out enough to give a realistic chance of sufficient profits? Have you calculated some standard deviations or do you just eyeball it?

Yes, Start showing off. It would bring some welcome relief form all the lulz we seem to be getting at the moment.