Sceadagenga's Posts

ESMA and its implication in General Jun 04 2018 at 11:01

ETX is the brokerHere is the e-mail I received on the 18th May 2018.View Online Username: XXXXXXXXXXXXXXXXXXXXForgot your password? ETX Capital Dear XXXXXXXXXXXXXX, This is a gentle reminder that the new 50% margin close-out rule will come into effect in 1 week's time on 26th May. This is the first of a number of changes the European Securities and Market Authority (ESMA) will be introducing that will impact your trading activity with us. As a highly valued ETX trader, we are committed to making these new requirements as manageable as possible for you. Please note, the close-out ru...

ESMA and its implication in General Jun 01 2018 at 12:21

My broker started to apply ESMA regulations from Saturday 26th May 2018.

Do you like Binary ? in New Traders Mar 02 2018 at 16:24

Binary Options - full of scammers not linked who can mysteriously by taking control of your account recoup the funds you have lost.

Help me i am a newbie in General Nov 07 2017 at 13:50

If you intend to use robots then any offering worth its salt and charges will also let you have the source code so that you can see how it works and is not just a "Black Box".They will also show how the strategy works and you can verify their track record.Examples of these are Wes Waltons robots, Rob Bookers robots (Wes Walton) and Forex Useful (3 little Pigs and I believe Pivots is now coded) as working examples

Should Newbies turn to signal providers rather than trading themselves? in New Traders Feb 22 2017 at 11:13

The simple answer is No.Taking signal providers trades is not a way of developing your own strategy or adjusting another known strategy.How do you know if the signal is valid ? Is the signal provider a trader also ? Can you easily check their claims of success ? Broker Statements can be made to look good and hide the relevant truth. Anything on MyFXBook is at least verifiable with traders registering the accounts they hold.Think of them like horse racing tipsters who set up a premium line or service quote all the horses in the race as in dividing who they select as a group of subscribers get o...

Who can help me to trade? in General Feb 09 2017 at 15:02

I learnt through Babypips. Highly recommended for learning at your own pace.The first trading strategy that I learnt is the 3 little pigs (sometimes called 3 little ducks). This you can find on Babypips along with the sma crossover system and Hucks HLHB system. Try them out on a demo for a month.3 little pigs I still use today after 4 years but I have my own little twist which gives not as many signals for trades but I find I have a higher winning % because some trades are filtered out.All the best

BREXIT won't happen until 2019. in General Dec 15 2016 at 08:12

I can only say one thing on viewing the likes of companies and corporations, countries etc queuing up to do business in and with the UK since the result from Brexit. If we will rue this decision then you will find the that the EU has made even bigger mistakes and they too will suffer.I see the EU as both morally and financially inept at understanding what is required within it's area of influence. It can give us quaint little laws that are a bind but cannot back the right side of a catastrophe with action. It fence sits.Britain has too long suffered with the stupidity of eurocratic, redt...

BREXIT won't happen until 2019. in General Dec 14 2016 at 15:26

There cannot nor will not be another EU referendum. I did not vote out because of immigration. I voted out because of the endless stream of useless,toothless laws and remits from the EU. Why does the European Parliament which every taxpayer in Europe funds have to move from Brussels to Strasbourg and then back again with countless empty properties when refugees from wartorn countries are in need of shelter and support ?The billions squandered in this act alone could have helped our fellow human beings.The bureaucrats do not make things any better. The EU is only good for the rich and powerful ...

BREXIT won't happen until 2019. in General Dec 14 2016 at 08:59

Again though, now you say that UK citizens have a had a change of heart - Where is the proof ?What do we do ? Have a best of 3 and if the result does not suit once again add 2 more referendums ?We have voted, it was done fair and square and the result is as is - Let us get on with it and exit as is the will of the leavers who got the majority.During the campaign (The remains was a lacklustre effort by the Labour Party, European Parliament, Our government and the Remain campaign - They did not care - Not one remain candidate visited our town (which is a major import/export hub not just to the E...

BREXIT won't happen until 2019. in General Dec 13 2016 at 14:27

I cannot see how you can say this after the referendum. The UK referendum result is to leave the EU 52% Leave against 48% remain (more than 5% difference). No UK Parliament will not carry out the majority's mandate otherwise we are not a democracy. The EU will have to compromise as much as the UK in negotiations or perhaps it would like to explain as to why trade from the EU with the UK has stopped. The UK imports more into the UK from the EU than we export out of the UK to other EU member states. Does the EU want to be responsible for Economy nose dives, unemployment and the myriad of ot...

BREXIT won't happen until 2019. in General Nov 30 2016 at 10:30

I am a Brit who voted to leave, I hope we go out quickly of EU and do not stay longer than necessary.I agree that some stuff out of Brussels was good but the majority was bureaucratic clap trap and damned expensive at that.If EU had been truly democratic (which it is not) then it would allow member states to negotiate. Brussels thought Remain would win and it could cnotinue to bully with the same reasoning as a Comora Don, Well we give that a good kicking.Brussels also thinks that the UK will be a shrinking violet but when we are needed then we will answer. This will change.The sacrifices that...

GBP/USD daily outlook in Experienced Traders Nov 29 2016 at 16:00

Getting ready to go down if Non Farm rolls positive.FED about to raise rates will affect the journey South.UK interest rates will stay the same.

Fun on MyfxBook in General Nov 21 2016 at 15:55

A talking dog goes into a jobs agency and says "Have you get any jobs". The young advisor is gobsmacked but soon recovers when the dog says "I will come back in an hour after I 've done my shopping". The dog goes off and returns an hour later and the jobs advisor says "Great news, I've got you a job in the travelling circus." "A circus ?" says the dog "What does a circus want with an international forex fund manager ?"

Brexit in General Jul 26 2016 at 10:52

Everybody has plenty of warning about the invocation of article 50. It will be in the New Year and not before.The only people who can invoke it are the UK elected government.UK parliament has now broken off until the new autumn session.We may have a challenge to our constitution which might lead to a change in order to trigger article 50 and this would need (if required) reading in then approving by the Lords.I would watch the Queens Speech prior to reopening of Parliament to get arough timeline.

EUR/USD in New Traders Jul 13 2016 at 09:48

I think the whole Brexit crisis was handled very badly.The good ole USA interfering. Us Brits kicked back. Now the US wants to invest in the UK with a "Boeing" maintenance facility.The EU not doing enough to ensure continuing UK membership. The Brits kicked back for being neglected. Juncker is not a Brit fan and did nothing to stop the calamity. I have a lot of european friends in european countries who are saying they envy the choice we had and made.The Labour Party did nothing to influence the vote. The Brits kicked back. Not one remain campaign run in my Northern Industrial and ma...

EUR/USD in New Traders Jul 12 2016 at 12:53

Theresa May has said that Article 50 will not be invoked until New Year.Europe needs as good a trade deal with the UK as it can get.We are a net importer of goods. Impose unfair tariffs and their market will also disappear.The likes of Audi, VW , Peugeot etc will not want it made difficult to export their product to our shores and the same goes for the importss that the EU wants.It is a 2 way street without the vast cost of EU membership.Hopefully all the negotiating ministers will see sense to compromise where required and make our Brexit quick.

GBP/USD daily outlook in Experienced Traders Dec 24 2015 at 11:08

No good trading oportunities until 4th January 2016 now

EUR/USD in New Traders Dec 24 2015 at 10:45

New Year - New Moves

eurjpy big move in General Dec 24 2015 at 10:44

Looks like consolidation until after 28th December

USD/JPY in Experienced Traders Dec 24 2015 at 10:42

I cant tell whether sellers are leaving the market or it's the holiday effect - Price Action on 1H is still down although volume has been shrinking since Asia close and London open.

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All Quotes
AUDUSD	0.70365	USDCHF	0.9249
EURJPY	141.202	EURCHF	1.00314
EURGBP	0.87841	GBPJPY	160.738
EURUSD	1.08466	GBPUSD	1.23473
USDJPY	130.186	USDCAD	1.34089

EURUSD	1.08466	GBPUSD	1.23473
USDJPY	130.186	USDCAD	1.34089

Posts by keith Mellor