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  • #3,301
  • Sep 24, 2020 10:47am Sep 24, 2020 10:47am
Hey everyone, my first day part of thread and I can't believe I have been scammed all these years yet Laura and other were providing so much information just to give back to the community. Can any of you please give me advise on how to make the most of this thread as I am sure there has been a lot of developments and I want to focus on becoming a better trader. I am about to make 2 years worth of trading yet I am not profitable, but I feel after learning some of the things from this thread I will be able too! Here is trade I took today after going through a few pages of this thread. Laura, thank you so much for your wisdom and generosity. I am all over new to forex factory as well so not sure how you will see this post or reply but I look forward to being part of this community. Thank you!

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  • #3,302
  • Sep 24, 2020 11:09am Sep 24, 2020 11:09am
Quoting turnip15
I say chaps. What do you think of CoreSpreads (UK) Spread bet spreads? Nasdaq Long from circle ( conservative entry)? Price action looking left plus tails bouncing off level, plus 55 and 200 intersecting and 8 ma channel put odds in favour of a long. NOT traded by me. I sat here and thought "Oh, lets put a rectangle around those tails and see what happens - might trigger a long later" -it did on circle. Could you have got in earlier -maybe! But price over the 200 etc moments later put odds in one's favour....
Core's spreads can be a bit, err, unpredictable, lol. Not always suitable for scalpers across all markets. Due diligence...due diligence.
  • #3,303
  • Sep 24, 2020 11:16am Sep 24, 2020 11:16am
Quoting lemercenaire
{quote} Core's spreads can be a bit, err, unpredictable, lol. Not always suitable for scalpers across all markets. Due diligence...due diligence.
Oh well -keep on with AMP Futures application then?
every Saint has a past. Every Sinner has a Future
  • #3,304
  • Sep 24, 2020 11:22am Sep 24, 2020 11:22am
Quoting v.padillafx
Hey everyone, my first day part of thread and I can't believe I have been scammed all these years yet Laura and other were providing so much information just to give back to the community. Can any of you please give me advise on how to make the most of this thread as I am sure there has been a lot of developments and I want to focus on becoming a better trader. I am about to make 2 years worth of trading yet I am not profitable, but I feel after learning some of the things from this thread I will be able too! Here is trade I took today after going...
Welcome aboard

Probably the easiest way to quickly get the basics is to read my journal (link in first post). After that, I'm afraid the most effective way is to read through this thread as much as you can.
  • #3,305
  • Sep 24, 2020 11:34am Sep 24, 2020 11:34am
It was a choppy day in currencies today so it was a down day for me with 2 losing trades. Does anybody have tips on how I could have stayed out of these trades, or was it inevitable?

GBPUSD (-25 pips) - Channel broke under the SMA and I went short. I was proven wrong when the channel moved back above the SMA.
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USDCAD (-25 pips) - Channel bounced off the SMA and broke through the downward trendline so I went long.
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  • #3,306
  • Sep 24, 2020 11:46am Sep 24, 2020 11:46am
Quoting Tensor
It was a choppy day in currencies today so it was a down day for me with 2 losing trades. Does anybody have tips on how I could have stayed out of these trades, or was it inevitable? GBPUSD (-25 pips) - Channel broke under the SMA and I went short. I was proven wrong when the channel moved back above the SMA. {image} USDCAD (-25 pips) - Channel bounced off the SMA and broke through the downward trendline so I went long.{image}
Nothing you did wrong or could have done differently. Just one of those days, unfortunately.
  • #3,307
  • Sep 24, 2020 12:05pm Sep 24, 2020 12:05pm
Quoting Tensor
It was a choppy day in currencies today so it was a down day for me with 2 losing trades. Does anybody have tips on how I could have stayed out of these trades, or was it inevitable? GBPUSD (-25 pips) - Channel broke under the SMA and I went short. I was proven wrong when the channel moved back above the SMA. {image} USDCAD (-25 pips) - Channel bounced off the SMA and broke through the downward trendline so I went long.{image}
Since you asked for input I will offer my 2 cents. Cad is a resource commodity currency and it reacts to its biggest commodity and that is west texas crude. the two charts side by side show you something has to give......the white vertical lines are the open of the NA commodity exchanges and you will note both are trading north of the 200 sma...... since Cad trades inversely....if oil goes up, cad strengthens against the US DOLLAR.....and shortly after open oil popped to 40.00 causing a slide south for cad. if you go back and look at day charts side by side you will really get the picture of the relationship between them.....
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  • #3,308
  • Sep 24, 2020 12:15pm Sep 24, 2020 12:15pm
Here is a good illustration of cad and oil relationship....starting in jANUARY for both. So when i'm trading cad (which I hate trading) i always have a glance at Oil to see how its doing....just something to think about during NY sessions
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  • #3,309
  • Sep 24, 2020 12:38pm Sep 24, 2020 12:38pm
3 Dow trades. +361 in total.

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  • #3,310
  • Sep 24, 2020 12:50pm Sep 24, 2020 12:50pm
Quoting Swede
Here is a good illustration of cad and oil relationship....starting in jANUARY for both. So when i'm trading cad (which I hate trading) i always have a glance at Oil to see how its doing....just something to think about during NY sessions {image}
Thanks for sharing. I'm not a huge fan of USDCAD either since I noticed it's a relatively more erratic pair that likes to chop around a lot. I don't see many people posting about it on this thread and I'm coming to terms that it may be less suited for me and I'll probably be removing it from the list of pairs I trade using the roadmap. It's just a little more limited in the US since we don't have CFD's so I can only trade a handful of the major forex pairs. Also, many currency moves begin during UK time so they're already half-over by the morning time in the US.
  • #3,311
  • Sep 24, 2020 1:14pm Sep 24, 2020 1:14pm
Quoting LauraT
3 Dow trades. +361 in total. {image}
You can afford to buy us lunch then..
  • #3,312
  • Sep 24, 2020 1:20pm Sep 24, 2020 1:20pm
Quoting Swede
{quote} You can afford to buy us lunch then..
Hamburgers AND tacos! Ok
  • #3,313
  • Sep 24, 2020 1:33pm Sep 24, 2020 1:33pm
Quoting LauraT
{quote} Hamburgers AND tacos! Ok
Throw in a ginger beer and I might tag along
every Saint has a past. Every Sinner has a Future
  • #3,314
  • Sep 24, 2020 2:11pm Sep 24, 2020 2:11pm
Another Dow trade +101

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Hopefully not the last of the night
  • #3,315
  • Sep 24, 2020 2:27pm Sep 24, 2020 2:27pm
+79 nasdaq

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Maybe time for one or two more
  • #3,316
  • Sep 24, 2020 2:36pm Sep 24, 2020 2:36pm
Good evening. I'm currently in this short on GBPCAD. Downwards momentum and a recent channel cross.

The orange box I saw as recent support so waited for a 'punch' through it and went short on the channel retracement. Got my speedline on their now aswell. Target is ADR low. I will be monitoring the price action 'if' it gets down to that spike at 1.6993. Hopefully goes to plan
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  • #3,317
  • Sep 24, 2020 2:49pm Sep 24, 2020 2:49pm
Quoting LauraT
{quote} Hamburgers AND tacos! Ok
Diet of champions Laura....
  • #3,318
  • Sep 24, 2020 2:50pm Sep 24, 2020 2:50pm
Quoting LauraT
+79 nasdaq {image} Maybe time for one or two more
You must be around the Pc most of the day.
I only do a couple of hours morning and afternoon. But TV is so lousy these days, maybe I could use the laptop on a small side table in the lounge, whilst pretending to watch TV. That way I cannot be accused of leaving Mrs T alone if I should spend more time in the boys den.
every Saint has a past. Every Sinner has a Future
  • #3,319
  • Sep 24, 2020 2:54pm Sep 24, 2020 2:54pm
Just realised we have a swede and a turnip - just need some onions and we can make soup!

Turnip - yes, I put in a lot of screen time. It strangely never feels much like work though, so the time flies.
  • #3,320
  • Sep 24, 2020 3:00pm Sep 24, 2020 3:00pm
Quoting LauraT
Just realised we have a swede and a turnip - just need some onions and we can make soup! Turnip - yes, I put in a lot of screen time. It strangely never feels much like work though, so the time flies.
I’v been called a lot of things but this is a new low...or high.....depending on how you do your pre market analyses....
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