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Thanks JonnyJonnyT said:
Why dont you try EUR.USD with S/B You are currently trading futures on the EUR,this is costing you 2,5 ticks with commission, unless you buy the Bid, where it would be 1.5 spread.
But have you notice the Bid and Offer flicks 2 pips spread a lot of the time the same with the GBP on futures. When you start making over 20k a year you may be better off playing forex on S/B.Unless you got a good accountant But have more than 1 account. use one for shorts and 1 for longs. They wont Gun for you then, As you account wont reflect how much you making off them.
Something to think about
I'm currently not trading the EUR, just concentrating on GBP at present.
My intention is to SB entirely if I can get away with it.
Given the method of trading I am now undertaking the spread isn't as important but the saving on Tax could be very rewarding.
JonnyT
My intention is to SB entirely if I can get away with it.
Given the method of trading I am now undertaking the spread isn't as important but the saving on Tax could be very rewarding.
JonnyT
very interesting mr watson, the break a 85 could be regarded as the break of a triangle+break of recent support+ break of yesterdays resistance (now support)+ break of a fib level .YachtFund said:
JonnyT am I safe in saying that you don't use indicators/oscillators of any sought?
IB don't appear to provide a fib for their cash charts?
how difficult was it for you to make the switch to the longer time frame (hour) you now prefer.
dame (looking at the charts) its too late in the day for breakfast isn't it
trendie
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this thread has become quite engrossing of late.
especially the recent postings of Yachtfund, breadman, samtron and darktone.
interesting how looking at different time-frames gives views as to uptrend or downtrend.
( I tend to pick the wrongtrend, but thats another story )
the different patterns and reasonings seem to have added a depth to the GBPUSD because of these differences.
its also useful to see how these analyses pan out.
Interesting psot by Jonny with regards to patterns. I have always thought everything are patterns of one sort or another, even breakouts being a pattern.
( currently musing on divergences between price and indicators to see if divergences hint at warnings of reversals )
especially the recent postings of Yachtfund, breadman, samtron and darktone.
interesting how looking at different time-frames gives views as to uptrend or downtrend.
( I tend to pick the wrongtrend, but thats another story )
the different patterns and reasonings seem to have added a depth to the GBPUSD because of these differences.
its also useful to see how these analyses pan out.
Interesting psot by Jonny with regards to patterns. I have always thought everything are patterns of one sort or another, even breakouts being a pattern.
( currently musing on divergences between price and indicators to see if divergences hint at warnings of reversals )
