Forex Trading February 2004
- Thread starter Newtron Bomb
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darktone
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hello O, long time no see
yes, can believe it wont want some sort of retest at least, feels far to easy and how many will want to hold over this massive weekend?....... but 2700? that resistance is eons old and its been messed with..but that said, i really dont know
regards
dt
yes, can believe it wont want some sort of retest at least, feels far to easy and how many will want to hold over this massive weekend?....... but 2700? that resistance is eons old and its been messed with..but that said, i really dont know
regards
dt
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Hi DT. yeah, long time m8, I been about, just been quieter than usual as I continue to work on the master plan. (Insert evil wicked laugh here.)
It is an 'historic' res/sup point, but I always look to the past to be able to see the future.
As I type it's fallen slightly and carried away again slightly. But in this sort of case I would always wait for the 2nd fall attempt before climbing aboard again. The fact that it shot through the 27 so strong should see it good for 2730 before faltering.
If it does go the other way. I shall completely change my short term trading strategy by posting on here what I am doing then going in the complete opposite direction. Lol.
Take care m8.
It is an 'historic' res/sup point, but I always look to the past to be able to see the future.
As I type it's fallen slightly and carried away again slightly. But in this sort of case I would always wait for the 2nd fall attempt before climbing aboard again. The fact that it shot through the 27 so strong should see it good for 2730 before faltering.
If it does go the other way. I shall completely change my short term trading strategy by posting on here what I am doing then going in the complete opposite direction. Lol.
Take care m8.
A quick thought.
Anybody tempted to put in a couple of limit orders to try and catch any significant move from G7 this weekend.
something along the lines of:
At 9pm GMT put orders in to :-
buy at current plus 40 pips with a 30 pip stop and an order to close at plus 100 (locking in plus 60 if it pops up)
sell at current minus 40 pips with a 30 pip stop and an order to close at minus 100 (locking in plus 60 if it pops down)
In effect catching the move whichever way it goes and if really lucky catching a break both ways. If really unlucky of course then you will get stopped out on both trades.
Any views anyone.
Anybody tempted to put in a couple of limit orders to try and catch any significant move from G7 this weekend.
something along the lines of:
At 9pm GMT put orders in to :-
buy at current plus 40 pips with a 30 pip stop and an order to close at plus 100 (locking in plus 60 if it pops up)
sell at current minus 40 pips with a 30 pip stop and an order to close at minus 100 (locking in plus 60 if it pops down)
In effect catching the move whichever way it goes and if really lucky catching a break both ways. If really unlucky of course then you will get stopped out on both trades.
Any views anyone.
Lol
nope - just wondering if anyone else was tempted
Suppose I'm looking for the comfort of someone saying - yes, thats exactly what i was thinking too
I can trade 1 lot on the mini so it is not a disaster if it goes belly up - just trading it at 1 lot will cost a max of $60 and that is if both trades are triggered and both are stopped out.
nope - just wondering if anyone else was tempted
Suppose I'm looking for the comfort of someone saying - yes, thats exactly what i was thinking too
I can trade 1 lot on the mini so it is not a disaster if it goes belly up - just trading it at 1 lot will cost a max of $60 and that is if both trades are triggered and both are stopped out.
suppose I'll just have to go for it and see what happens
Thinking of Euro/Dollar by the way
Could be a regular Friday thing if it works - not sure about the levels but if this weekend does not rain too hard on the party then I'll go back and look at Friday close levels and first hour Sunday evening and see if there are some real opportunities.
Thinking of Euro/Dollar by the way
Could be a regular Friday thing if it works - not sure about the levels but if this weekend does not rain too hard on the party then I'll go back and look at Friday close levels and first hour Sunday evening and see if there are some real opportunities.
darktone
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might be a good idea jpwone, as you say fxcm's stops are concrete.. not quite sure how it would work as fxcm wont be quoting over the weekend will they? ie they open at 10 pm sunday night, so how you if your positions are hit.. unless it just gaps and thats it.
not sure if its a good idea to play every weekend, gaps arent the norm are they.
edit: oo could play it with options to, a bet both ways before close?..
gl with it
dt
not sure if its a good idea to play every weekend, gaps arent the norm are they.
edit: oo could play it with options to, a bet both ways before close?..
gl with it
dt
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neil
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Neils Swag bag.
Hi Folks.
Apologies for not spending time on forex at present.
So here is some material I came across re forex:
http://boards.fool.co.uk/Message.asp?mid=8336252
Might be useful to newer forex traders, and it's free stuff.
Hi Folks.
Apologies for not spending time on forex at present.
So here is some material I came across re forex:
http://boards.fool.co.uk/Message.asp?mid=8336252
Might be useful to newer forex traders, and it's free stuff.
Zenda
Well-known member
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Florida Meeting -
G7 Seeks Consensus on Dollar Drop
Saturday February 7, 1:32 am ET
By Mike Dolan
BOCA RATON, Fla. (Reuters) - World financial leaders, meeting in a Florida resort for talks on the global economy, face the tough job on Saturday of agreeing on wording to stop the U.S. dollar's drop from spinning out of control.
While comforted by the sharp recovery of the global economy over the past six months, many of the finance chiefs and central bankers from the Group of Seven club of wealthy nations are anxious about the potential currency fallout from huge U.S. trade and budget deficits.
European G7 members, whose exporters have been stung in recent months by the euro's surge to record highs against the dollar, said on Friday they wanted the group to agree to caution markets against further extreme currency swings.
Japan also called for more stable exchange rates while reserving the right to intervene in markets to cap the yen.
G7 Seeks Consensus on Dollar Drop
Saturday February 7, 1:32 am ET
By Mike Dolan
BOCA RATON, Fla. (Reuters) - World financial leaders, meeting in a Florida resort for talks on the global economy, face the tough job on Saturday of agreeing on wording to stop the U.S. dollar's drop from spinning out of control.
While comforted by the sharp recovery of the global economy over the past six months, many of the finance chiefs and central bankers from the Group of Seven club of wealthy nations are anxious about the potential currency fallout from huge U.S. trade and budget deficits.
European G7 members, whose exporters have been stung in recent months by the euro's surge to record highs against the dollar, said on Friday they wanted the group to agree to caution markets against further extreme currency swings.
Japan also called for more stable exchange rates while reserving the right to intervene in markets to cap the yen.
