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Forex...its FEB, lets make some $$

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Covers Linesmen
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Posted: #26
popin,

Yeah because the tax issue is much more simple. If you have it through a domestic firm, I am pretty sure for tax purposes you have to unwind every single transaction, much like stock trades. If you have foreign profits, I think you just report it and that is that..and most DONT report it of course.

The WD issue is a HUGE red flag to me..much like a sports book..easy to deposit, pain in the butt to WD is a huge signal of something not right.
 
Captain
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Posted: #27
Forex sent me a form for taxes......and ive never had any issues getting money from them....GL on your search for the right company Wall
 
 
CHF was good for 150 pips and i got 40[80 total]
 
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Posted: #28
def agree with you on the WD issue.  I was thinking if I go with a big domestic firm then I shouldn't have any troubles.  I've heard of ppl depositing into sketchy foreign firm and having them close up shop a month later with thier money gone (much like some of these shady sportsbooks).  I am sure you will research it though and find a reputable firm.
 
for the taxes, I recieved a tax statement from forex.com.  I haven't look into it or my taxes much yet, but as far as i can tell the statement gives you your net P/L for the year and you enter that into one of the lines in tax report.  no entering every trade, as far as i can tell
 
All-Star
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Posted: #29

banking on a strong opening, to give my usd/chf and usd/cad a bump.

job loss was also about 10,000 less than forcasted

 
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Posted: #30
it was ugly but I eeked out 20 pips in about 5 hours of nothing but freefall.
 
 
 
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Posted: #31

nice one rick. 

back in EUR buy at 1.2840...looking to get up to 1.3 again, will set a SL right now just below 1.27

 
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Posted: #32
damn... i can't get a good remote access connection!  order wasn't executed.  really annoying, im gonna have to wait until i get home from work and see how it looks again
 
All-Star
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Posted: #33
do you use fxcm?
 
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Posted: #34
i use fxcm because i have my free 25$ account there, but mainly use forex.com cause thats where i deposited some cash.  i can get remote access and make trades through their website.
 
All-Star
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Posted: #35
Looks like Aud is carving out a strong bottom line here around 11:38- 11:42 
 
might be a little bump,
 
im in for 2 lots
 
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Posted: #36
just as I wrote  this it dipped down about 10 points
 
F- it
 its fake money anyway. 
 
2 lots it is @.6511
 
All-Star
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Posted: #37
out @ new high .6534 
 
2 lots out at 23 pips
 
(so do you count that as 46 pips )
 
either way its not bad for 14 min. worth of work 
 
 
 
 
 
All-Star
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Posted: #38
and of course I miss another 20 pip bump by getting out  too early
 
All-Star
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Posted: #39
high now at .6579 
I could have retired early
on fake money
 
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Posted: #40
nice one rick!  better to be out with a modest gain than nothing or negative.  i think it is good practice to set a take profit limit right away.  otherwise it is easy to find yourself i na situation where it is going up and up and you keep waiting, until it eventually turns against you and you end up with nothing or negative. 
 
Covers Linesmen
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Posted: #41
This is hilarious.

My order to sell was at 1.1701 and they move the bid to 1.1698 and back it off, the ask hit 1.1701 but the bid didnt.

Go figure..
 
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Posted: #42
yeah, pop im thinking the same, but still it was like paying to take the moneline when a team covers ats.
 
Covers Linesmen
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Posted: #43
Out of that CHF position.



I was down more than I want to ever see again, now it is back to business.
 
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Posted: #44
what are you eying up wall.
 
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Posted: #45
chf looks like it is still movin
 
 
Covers Linesmen
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Posted: #46
I am not going near the CHF for a while..



In the past it seems that the pair moves a ton in the after hours, I think I will revert back to other pairs like JPY etc.
 
Covers Linesmen
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Posted: #47
It is interesting though..on the month chart using 4 hrs, the ADX is about ready to move through the +DMI line which from what some here use is a BUY signal, and it also did this on the 19th and that was good for almost 600 pips.

I just cannot buy the CHF after selling it even with the indicator telling me to.
 
Covers Linesmen
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Posted: #48
SS 1 Lb/CHF pair at 1.7125

Did anyone short those monster moves on about 10 pair this afternoon? Some HUGE and I mean HUGE spikes mid-day were easy money for those ready and waiting.
 
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Posted: #49
Did you see chf between 8:30 and 8:45 today?
 
on its way back up now. 
 
got in @ .6587 
 
 
 
 
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Posted: #50
out @ .6605
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