[TheRumpledOne]

You only need 1 or 2 trades a day.

Trade when the market is active.

Look at the chart...

Notice when previous candle is NOT the same color as next candle, there are usually more pips to take.

Notice what happens at the start of each market session, price usually makes a steady move in one direction.

Be selective. You do NOT have to trade every hour.

[TheRumpledOne]

If you stop and think about it, an Inside Bar trade is a trade at a "randomly placed" horizontal line.

[TheRumpledOne]

BIG BROTHER WANTS TO REDUCE FOREX LEVERAGE

Retail Forex
FINRA Requests Comment on Proposed Rule to
Establish a Leverage Limitation for Retail Forex
Comment Period Expires: February 20, 2009

Executive Summary
FINRA is requesting comment on a proposed rule prohibiting any member firm from permitting a customer to: (1) initiate any forex position with a leverage ratio of greater than 1.5 to 1; and (2) withdraw money from an open forex position that would cause the leverage ratio for such position to be greater than 1.5 to 1.

The text of proposed FINRA Rule 2380 (Leverage Limitation for Retail Forex) is set forth in Attachment A.

Questions concerning this Notice should be directed to:

 Gary Goldsholle, Vice President and Associate General Counsel,
Office of General Counsel (OGC), at (202) 728-8104; or
 Matthew E. Vitek, Counsel, OGC, at (202) 728-8156.

Action Requested

FINRA encourages all interested parties to comment on the proposal.
Commentsmust be received by February 20, 2009.


Emailing comments to pubcom@finra.org

========================= ===============

Full text attached.


EVERYONE MUST SEND AN EMAIL AND TELL BIG BROTHER TO BUTT OUT!!

[BlowFish]

1.5 : 1 is ridiculous but then again so is 200:1 and upwards. I guess it is to prevent people blowing up in 1 trade. Actually if you don't have an 'edge' you are likely to do better on a single punt before probability erodes your capital. Another story.

[TheRumpledOne]

The short at 1.4600 paid off for those in the TWO PERCENT CLUB PalTalk Chat Room just now.

[TheRumpledOne]

/////////////////////////////

[TheRumpledOne]

HORIZONTAL LINES and H1 CANDLE COLOR.

Like making fire with 2 sticks...LOL!

Entry was 1.4725

Exit over 1.4750

SIMPLE

[TheRumpledOne]

Inside bar trade paid off - twice