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I love how he paints the perfect picture of an easy 200 pips a month there :)

Well they will do stuff like that for us but I need more people to sign up with them under my link so I can have that sort of bargaining power with them :)

I think risk amount and position size really comes down to your risk tolerance, and your financial situation also. Most people are conservatively trying to build up their account - which is the standard 2% way. If you want to amp things up under certain conditions then it's a more personalized...

Grab MT5 off another NY close broker, and just use it for your charting. Then you can just place your orders through Go Markets UK. That would be the simple fix :)

@erebus I use portable mode a lot at well, otherwise the different installs screw with one another's settings. But wouldn't it be nice to just have a one stop shop solution.

I don't think leverage should be part of your calculation. That's when you know your playing with fire. Just a simple % of account doesn't work for you? Some traders like to go off % of available margin instead, so the more trades you open the less your risk becomes with each new position ...

Sounds like you have a logical plan figured out. It might be on the complicated side Will you be able to keep up with all these moving parts? Sounds like something that an EA could manage. The only problem is both trades with have different reward potential. Trade 1 will need more price...

Hey mate, You can't apply negatives to that indicator because of how it works internally. It builds smaller candles together to make larger ones. It can't break down a daily candle into a smaller ones. For example, if you want an 8 hour chart, you can give the indicator a multiplier of 8...

Welcome Steve. Looking forward to your trade ideas.

Look for the insert tab on he main menu Insert -> Shapes -> Rectangle

Welcome aboard Tracey

Swing level... Old resistance acting as new support and vice versa

Welcome to the forums :)

I live 5 min away from the beach here. But I don't go as much as I should either :(

You can always take your money out from the ETX account after you get the money transferred in there if that's quicker.

It didn't form off a swing level, so it makes it a riskier trade to take. The market needs to retrace a bit more after such a strong move up before you're in a better position to buy. You don't want to 'buy at the top of a rally' so to speak.

Especially if they pull that carpet out from their QE program, I can imagine the JPY being a hot currency.

I did already see that chart. My answer above applies to this chart also.

Welcome Ron, you're already doing what everyone here thrives to achieve - trading Forex from paradise :)

It looks like you're buying on top of a rally, which may work out - but generally and ideally you want to take buy signals that form after retracements and create a new swing low.