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Posts by peaktrading

Macroeconomics trading in Experienced Traders Dec 07, 2014 at 07:36
I'm not a great short-term trader, although I want to learn and get help to do so, but this is where I excel. I use weekly bars and I look for a break-out long or short. Once the break-out happens (breaks a static pattern) I trade the dips and read the fundamentals. If the dip happens I buy on the dip with a nice close short that has a 3:1 ratio minimum. I close half the position when I'm at 2:1 and wait out the rest of the move and close with a small retrace after a pull-back. An example would be EUR/JPY on weekly bars. It was an easy trade. The truth is there is not many trades a yea...
American Forex Traders: Solutions to Low Leverage , FIFO and Hedging Ban's: in Experienced Traders Dec 07, 2014 at 07:36
Bob I don't see why you couldn't accomplish the same thing with multiple LLCs in the US with different trustees and US brokers. Just incorporate in states like Nevada or Wyoming and you're fine. And it's cheaper than running a IBC.
EUR/USD in Experienced Traders Dec 07, 2014 at 07:36
Agreed, the dollar looks stronger for next few months, but I don't see it sustaining in the next 12 months to be perfectly honest. All fundamentals are against a stronger dollar. It's having it's moment in the sun, it's basking, before (what I believe) a true melt-down.
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.
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EURUSD
1.15533
GBPUSD
1.32648
AUDUSD
0.64528
USDJPY
152.076
USDCAD
1.40656
USDCHF
0.80447
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