June '04 Forex
- Thread starter Newtron Bomb
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leeshindig
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Hi all...
i have been working on a web site mainly as a hobby for the last week or two...it only went online on Sunday 13 June.
It provides free live charts for FTSE100/DOW/S+P/DAX/CAC/OIL/GOLD and NYSE/NASDAQ/FTSE100 and EURO Stocks....
It also has news portals, an economic calendar, pivot calculator,historical csv data for stocks,FX and indices and will have lots more stuff added as I go.
I have today just added the Forex Chart Pages...there are quick links to charts on the left link bar on homepage but if you go to the Forex Pages Button there is all manner of chart links/news link and analysis pages...
The point of this site is to provide the u.k trader with as much free non subscription live information as possible, because being a trader myself I am sick of being asked for money for everything I want online.
Yes there are some on site ad banners (no pop ups!!!) but if I earn any commision it will go towards the up keep and improvemnt of the site...
I hope you can all visit and find some use of it...
http://www.livecharts.co.uk
http://www.livecharts.co.uk/ForexCharts/FXPage.htm
i have been working on a web site mainly as a hobby for the last week or two...it only went online on Sunday 13 June.
It provides free live charts for FTSE100/DOW/S+P/DAX/CAC/OIL/GOLD and NYSE/NASDAQ/FTSE100 and EURO Stocks....
It also has news portals, an economic calendar, pivot calculator,historical csv data for stocks,FX and indices and will have lots more stuff added as I go.
I have today just added the Forex Chart Pages...there are quick links to charts on the left link bar on homepage but if you go to the Forex Pages Button there is all manner of chart links/news link and analysis pages...
The point of this site is to provide the u.k trader with as much free non subscription live information as possible, because being a trader myself I am sick of being asked for money for everything I want online.
Yes there are some on site ad banners (no pop ups!!!) but if I earn any commision it will go towards the up keep and improvemnt of the site...
I hope you can all visit and find some use of it...
http://www.livecharts.co.uk
http://www.livecharts.co.uk/ForexCharts/FXPage.htm
leeshindig
Active member
- Messages
- 140
- Likes
- 0
cheers guys...
hope you find it useful...
please dont hesitate to mail m with any suggestions...
regards
hope you find it useful...
please dont hesitate to mail m with any suggestions...
regards
Newtron Bomb
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When a 1-2-3 isn't a 1-2-3
Following on from the chat room.
A 1-2-3 is a reversal set up that happens after a reasonable move like we have seen in the Euro this morning.
The first criteria for a 1-2-3 is that there need to be a valid trend break. which can come at various points during the pattern set up.
In this particular set you can see in the first image that there is a very clearly defined 1-2-3 type setup after a good move up.
However, in the second image you can clearly see that there has been no trend break and therefore not a valid signal.
There are other considerations for this pattern as well. For example, it didn't fit my RR as it was about 1:1 also i like to see the formation of this pattern over at least 14-21 bars
It is more like likely that this will develop in to a flag/channel pattern and given time could generally consolidate here anyway.
Happy Trading
NB
Following on from the chat room.
A 1-2-3 is a reversal set up that happens after a reasonable move like we have seen in the Euro this morning.
The first criteria for a 1-2-3 is that there need to be a valid trend break. which can come at various points during the pattern set up.
In this particular set you can see in the first image that there is a very clearly defined 1-2-3 type setup after a good move up.
However, in the second image you can clearly see that there has been no trend break and therefore not a valid signal.
There are other considerations for this pattern as well. For example, it didn't fit my RR as it was about 1:1 also i like to see the formation of this pattern over at least 14-21 bars
It is more like likely that this will develop in to a flag/channel pattern and given time could generally consolidate here anyway.
Happy Trading
NB
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Newtron Bomb
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Newtron Bomb
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Nice one goober
Similar trade on GBP for a short @ my usual levels. Didnt take the long siganal as i have had computer problems
NB
Similar trade on GBP for a short @ my usual levels. Didnt take the long siganal as i have had computer problems
NB
Neutron Bomb,
Many thanks for your charts and reasoning above, re. eur 1-2-3 trade (and your monthly threads in general). I always like to keep an eye on this thread to see what you and the others are up to compared to my ideas.
Althought I'm still learning this trading business and am only paper trading via a fxcm demo account at present it was much appreciated to later see your thoughts on a trade that I took. It has highlighted flaws in my thinking - RR evaluation / Stop loss sizes which I need to look at. In the end I bottled out of the trade at +30, and was quite pleased with the outcome of the situation. Now I'm not so happy with my decisions...
Keep up the good work to all....
Carl.
Many thanks for your charts and reasoning above, re. eur 1-2-3 trade (and your monthly threads in general). I always like to keep an eye on this thread to see what you and the others are up to compared to my ideas.
Althought I'm still learning this trading business and am only paper trading via a fxcm demo account at present it was much appreciated to later see your thoughts on a trade that I took. It has highlighted flaws in my thinking - RR evaluation / Stop loss sizes which I need to look at. In the end I bottled out of the trade at +30, and was quite pleased with the outcome of the situation. Now I'm not so happy with my decisions...
Keep up the good work to all....
Carl.
Newtron Bomb
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cw1
If your taking a profit you shouldn't be unhappy about the decision you made. Given the information that you had present at the time you made a decision and so did i . It went on to give a really decent gain but who was to know?
Remember we are all still market pupils regardless of experience as long as you are happy and consistent with your approach you will do well.
Happy Trading
NB
If your taking a profit you shouldn't be unhappy about the decision you made. Given the information that you had present at the time you made a decision and so did i . It went on to give a really decent gain but who was to know?
Remember we are all still market pupils regardless of experience as long as you are happy and consistent with your approach you will do well.
Happy Trading
NB
Just a few thoughts that i should have posted friday evening and never got around to it -- sorry.
Friday's close of GBPUSD (24/06/04) we had a close within one pip of the high as you know,. This is a 'piper' close ......as in the bagpiper is playing the funeral march,lol.........what this does to my charts is make it much more likely that the following days trading will cause a sell signal..........so I sometimes jump onboard the bear bus before it gets a chance to fill up.
so sunday nite i sold on the open, which strangely seemed to occur at 5:15 est US time...... remember I'm new to currencies, but have a wheelbarrow full of experience in futures which i'm seeing works in the currency market -- see you in the mirc chat room - nite.
Friday's close of GBPUSD (24/06/04) we had a close within one pip of the high as you know,. This is a 'piper' close ......as in the bagpiper is playing the funeral march,lol.........what this does to my charts is make it much more likely that the following days trading will cause a sell signal..........so I sometimes jump onboard the bear bus before it gets a chance to fill up.
so sunday nite i sold on the open, which strangely seemed to occur at 5:15 est US time...... remember I'm new to currencies, but have a wheelbarrow full of experience in futures which i'm seeing works in the currency market -- see you in the mirc chat room - nite.
