Recent content by PerniciousPips

Why ECN Just curious--why ECN. I understand that spreads are traditionally lower, but don't you lose any potential gain because of ECN fee structures? Just wondering.

Beware Peaks/Troughs When I first started trading, I employed a similiar strategy. As I scalped a few pips here and there, I became more bold--larger lot size, wider S/L and T/P, etc. Then "BAM!" I took a beating. FX is so complex, that you really need a good tutor or proven strategy to...

Tough Sledding It's going to be really tough to find such a broker. If you are intersted in trading a live account yourself, there are several that would work, but for a managed account, $2500 is about the smallest. Let me know if you are interested in trading yourself, and I can give you a...

What About MIG Anyone have any thoughts on MIG as a broker. I have heard good service and customer support, and very reasonable spreads. Thinking of moving my account to them. Any feedback would be great. Thanks.

Bollinger and Envelopes I'm not sure this is an "either/or" as much as a "both/and." In my experience, I have found Bollinger Bands helpful in measuring standard deviation, whereas envelopes give me a good read above or below the moving average. BOTH of them are helpful in determined entry or...

Simple Strategy I'm not sure about your concern regarding which currency to work with. Either way, you will probably be hit with some kind of currency conversion fee. I've been frustrated with that aspect of trading. As far as a simple strategy, I have been using a free alert service...

Strategy is The Key My experience has been that most traders fail because they lack the discipline to stick with a strategy. It sounds like you are on the right track. WHATEVER THE STRATEGY IS, go with it. I spent months staring at a computer screen, cheering candles on. After a couple of...

Ditto I'd like to join the chorus of "how'd ya do it" posts. Are you using an EA, Alert service, or have you just developed your own trading system. I'd settle for half of what you're getting. Let me know if you have any more details you are willing to share.

Whither the Weather Thailand! Sounds much warmer than Michigan--14 degrees, blizzard. Ouch! I've been trading for a little more than a year, and I share your information overload sentiments. As far as "pips" go, your lot (volume) size always determines the value of a pip. Depending on...

Forum Newbie Howdy. Wow! This whole "forum" thing is a little like spinning in circles in a room with a strobe light flashing while running on a treadmill. My head is spinning. I'm not even sure who will read this or how it actually works, but I'll give it a shot. I guess this is how 52...