2ndSkiesForex
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2ndSkiesForex's Page

Profile Information

About Myself
Price Action Trader, Ichimoku Trader, Philologist, Archer, Business Coach, Fund Mgr, Buddhist, Forex Educator, Micro-Loaner, Soon to be Author
http://2ndskiesforex.com/
Trading style
Deadly
Current Broker
Barclays, HSBC, FX Pro, FXCM

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2ndSkiesForex's Blog

Banks and Big Institutional Profits Declining from FX Trading

Posted on November 28, 2012 at 2:46pm 5 Comments

Banks are seeing a steep decline in profits from currency trading, as once-lucrative businesses are eroded by the rise of electronic trading and the proliferation of new platforms...



As the easy profits from handling trades for clients vanish, banks are being forced into an arms race, analysts and traders say. That means offering better terms to customers and spending heavily to develop electronic-trading platforms of their own...

***Note how it…

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Live Intraday Price Action Trading | Nov. 23rd

Posted on November 23, 2012 at 4:05pm 3 Comments

Hello Traders,

I wanted to post a few trades I took recently on AUDUSD and Silver.  You can see the entry and exit points for each trade which I did just using price action strategies.



Here they are below;



AUDUSD…

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Even Monkey's Reject Unequal Pay

Posted on November 20, 2012 at 3:04pm 2 Comments

A great experiment on unequal pay.

Check out the reaction from the Monkey the first time they realize they are getting the short end of the stick...hilarious!

http://www.youtube.com/watch?feature=player_embedded&v=g8mynrRd7Ak&noredirect=1

Weekly Price Action Highlights | Nov. 18th - 23rd

Posted on November 18, 2012 at 10:01pm 0 Comments

EURUSD

Attempting to bottom and make some headway to the upside, the EURUSD failed to clear the 1.2800 role reversal level which was the Oct. swing lows. For now, the pair is stuck between 1.2800 weekly highs and 1.2659 lows which was the pin bar rejection on Tuesday.  So bears can look to sell any weak rallies up to 1.2800 while bulls can…

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Comment Wall (10 comments)

At 6:40am on July 4, 2011, ADEEB SARTAWI said…
I  found your last discussion very interesting and positive.
At 7:53am on July 5, 2011, Francesc Riverola said…

Hi Chris

Love your blog... Thanks for sharing it here at Forexstreet.net

Francesc

At 11:41am on August 16, 2011, oluwasegun agoro said…
i love this aticule, it will really help me to make the necessary adjustment where needed..thanks
At 11:52am on August 16, 2011, 2ndSkiesForex said…
Hello Oluwasegun,

I am glad you liked the article and hope it helps you with your trading.

Kind Regards,
Chris Capre
At 12:58pm on May 8, 2012, ALPHAtrader said…

lets meet in the fxsteet webinar today at 10am  ^_^

At 5:22pm on May 8, 2012, Raj said…

Hi Chris,

On average how long would you say it will take an average person to become consistently profitable if they follow say, some of the systems in the PA course with discipline. And is it realistic to expect to end every week profitably if one only trades 4hr and daily timeframes?

Thanks!

At 4:36pm on May 17, 2012, Raj said…

Hi Chris,

When you test systems, what is more important, the amount of time or the number of trades? And how many trades is good enough as a test?

At 4:46pm on May 17, 2012, 2ndSkiesForex said…

Hello Raj,

Both are equally important but obviously depends upon the frequency the system trades.  Regardless, I'd want nothing less than 3yrs of testing for any system before using it on a live forward test.  But there is no set amount of trades as each system has different trading frequencies.  Ideally the min would be about 500+ on the low end and several thousand on the upper end.

Hope this helps

Kind Regards,
Chris 

At 2:56pm on May 18, 2012, Raj said…

Thanks, that helps a lot :)

At 4:42am on June 18, 2012, ALPHAtrader said…

dear chris, do you know about 'binaural beats' and if so, would you comment on their possible uses regarding performance/trading.  thanks 

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