June '04 Forex
- Thread starter Newtron Bomb
- Start date
- Watchers 19
What on earth is wrong with 10 pips per day!
Do it consistantly and you could soon be a millionaire.
If you can trade manually and make 20+ pips per day consistently then I take my hat off to you as you are an elite trader and wont need to work in a couple of years time ;o)
JonnyT
Do it consistantly and you could soon be a millionaire.
If you can trade manually and make 20+ pips per day consistently then I take my hat off to you as you are an elite trader and wont need to work in a couple of years time ;o)
JonnyT
...absolutely nothing JT. I was just getting spoilt by the higher average a few weeks ago.I'm using the BO strat to build what little capital I have to play with at the moment to eventually pay off the mortgage and begin trading full-time - it's a great low stress, low maintenance system, sitting comfortably with me proper job
JonnyT said:
Long on cable at 18300 on 7-8 BO.
Advice please from experienced traders - BOE rate at 11am. What impact does the announcement have on the market please when there is a change (predicted). Knowing that trading key economic news from the US is pointless would like to know what effect it may have when we have a go.
Advice please from experienced traders - BOE rate at 11am. What impact does the announcement have on the market please when there is a change (predicted). Knowing that trading key economic news from the US is pointless would like to know what effect it may have when we have a go.
JE2000 said:
As the more experienced trader I would bounce that one back to you. I'm looking at 18350 but I wonder if 18400 is possible (which is where we were 24 hrs ago). Re-reading your question in respect to my point on interest rates I think we will see another quarter of 1%.
I think it will be driven by the market reaction to the BOE announcement.
TheBramble
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ChowClown said:
CC - JT's BO system is using FX Futures- not the spot.
FXCM only trade spot don't they?
Which data are you using for calculation?
TheBramble
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Welshmal said:
Mal, if they load on another half-percent that should in theory strengthen the £.
But as with all things...
Everyone is expecting the half-point and it may already be factored in.
If it's only a quarter-point, that might be seen as weakness and send it lower.
Who knows.
News is news.
How it's likely to be interpreted before and after the event is crystal-ball gazing.
Hi JT/Bramble,
Since the 22nd April I've been trading the 1am-8am BO, 2 hr entry, 60 stoploss, 6pm exit using capitalspreads and more recently FXCM. I've no complaints so far.
Thanks again JT for the original idea. Won't be too long before I consider using your API with IB ;-)
Since the 22nd April I've been trading the 1am-8am BO, 2 hr entry, 60 stoploss, 6pm exit using capitalspreads and more recently FXCM. I've no complaints so far.
Thanks again JT for the original idea. Won't be too long before I consider using your API with IB ;-)
