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  • #3,321
  • Aug 26, 2008 12:49pm Aug 26, 2008 12:49pm
I'm stepping out for a while. bbl
  • #3,322
  • Aug 26, 2008 12:54pm Aug 26, 2008 12:54pm
there is any free information about options theese days? I think in the past FXCM had a plugin, but i can't find it in my FXCM demo platform.

any ideas?
  • #3,323
  • Aug 26, 2008 1:35pm Aug 26, 2008 1:35pm
Quoting giraia_br
there is any free information about options theese days? I think in the past FXCM had a plugin, but i can't find it in my FXCM demo platform.

any ideas?
Oanda to the rescue again. Download the platform and go to Resources>News and tada - everything is there. All IFR (Reuters) option data, plus a lot more that is very helpful.
  • #3,324
  • Aug 26, 2008 2:30pm Aug 26, 2008 2:30pm
Weekly, Daily, 1hr, etc.....they all swim in the same pool.

Here's EUR and the big daddy diagonal trendline (we never thought would come) its about to smack into, in addition to some bigger support levels I have marked up here. Like anything else, it can take it out or use it for a good-sized bounce, but whether I've just been reading the wrong research or not I haven't been hearing much about it. If you do a reverse retracement from the high of the last consolidation area (last seen in February) to the top of the wave at 1.6040, you have 1.4300 as the initial target, the next being right in line with the major .50 retracement at around 1.3850 or so. Either way I'm looking for price to creep around this area, as buyers come in stronger herds nowadays due to the dramatic decline in price we've been seeing. Once EUR data starts picking up the pace and beating forecasts again we'll start seeing the outcome. Commodity prices are going to weigh heavily, though the weaker dollar could give them the boost. But I'm just here for the levels .
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  • #3,325
  • Aug 26, 2008 3:19pm Aug 26, 2008 3:19pm
Quoting len979
Long usd/chf 1.1010, stop 1.0964, TP 1.1220 ... smallish position in case it's a false breakout like what nzd/usd did the other day when it broke out above 0.7170.

Actually i'm not very comfortable with this "breakout" ... looks like it's forming a triple top on daily around 1.1080. I'll place a 40 pip trailing stop.
Closed usd/chf 1.0993 -17. The last two 4hr candles look a little bearish. I feel it might do a quick plunge to 1.0970 or below before ramping back up. I'll let it go with a small loss.

Just placed limit orders to short aud/usd @ 0.8604 and add to eur/usd short @ 1.4664.
  • #3,326
  • Aug 26, 2008 3:32pm Aug 26, 2008 3:32pm
Quoting len979
Short eur/usd 1.4620, stop 1.4711, TP 1.4400 .... a little late. That's why I have a wider stop.
Short eur/usd 1.4651 .... adding. I'll average again around 1.4690's.
  • #3,327
  • Aug 26, 2008 3:32pm Aug 26, 2008 3:32pm
BRV, I have gone through the thread and i understand how you trade around s/r, but I want to find out how you really enter the trades, do wait for price to fall to support and then buy when the market starts going up, or do you just put a buy order at support and wait for price to drop down to support and fill your order. Do you use any price action around s/r?
Sorry for too many questions.
  • #3,328
  • Aug 26, 2008 3:37pm Aug 26, 2008 3:37pm
There's good resistance on nzd/usd at 0.7044. That level acted twice as resistance and twice as support.
  • #3,329
  • Aug 26, 2008 8:22pm Aug 26, 2008 8:22pm
0.8611 looks good for a short, just not sure because the higher timeframes are currently showing a support bounce off 0.8500 support level. Thoughts anyone?
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  • #3,330
  • Aug 27, 2008 12:58am Aug 27, 2008 12:58am
Quoting bluesbrother
0.8611 looks good for a short, just not sure because the higher timeframes are currently showing a support bounce off 0.8500 support level. Thoughts anyone?
Good level; price barely made it up there though for whatever reason and missed it by a few pips; I was waiting for this one.....in general some pretty good reversal points hit simultaneously.
  • #3,331
  • Aug 27, 2008 1:18am Aug 27, 2008 1:18am
Quoting BillyRayValentine
Good level; price barely made it up there though for whatever reason and missed it by a few pips; I was waiting for this one.....in general some pretty good reversal points hit simultaneously.
Thanks Billy.
  • #3,332
  • Aug 27, 2008 1:23am Aug 27, 2008 1:23am
Hey Chaps

Been noticing lately that my orders keep getting missed by a pip or two and then price goes on it's merry way in my direction without me!

Is this a common occurance and thus I should place my orders a few pips before the point or should I find a better charting platform?

Great example on the EUR today order at 1.4743 price hit 1.4742 and reversed.

Cheers
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Time hides Nothing
  • #3,333
  • Aug 27, 2008 1:59am Aug 27, 2008 1:59am
Quoting CindyXXXX
Hey Chaps

Been noticing lately that my orders keep getting missed by a pip or two and then price goes on it's merry way in my direction without me!

Is this a common occurance and thus I should place my orders a few pips before the point or should I find a better charting platform?

Great example on the EUR today order at 1.4743 price hit 1.4742 and reversed.

Cheers
Where are you placing the trades, Cindy? I use MT4 charts from Alpari's demo and trade through IG Index. There's always 2-4 pips difference in the current price that I see on the two screens.
  • #3,334
  • Aug 27, 2008 2:03am Aug 27, 2008 2:03am
Quoting Grath
Where are you placing the trades, Cindy? I use MT4 charts from Alpari's demo and trade through IG Index. There's always 2-4 pips difference in the current price that I see on the two screens.
Yeah I use Interbank charts and trade through GFT...
Time hides Nothing
  • #3,335
  • Aug 27, 2008 2:23am Aug 27, 2008 2:23am
Quoting CindyXXXX
Would anybody be interested if I started a chatroom in Skype for a place to chat bout trades, quell the boredom etc.
What about a trading room at TradingRooms.com instead?...
  • #3,336
  • Aug 27, 2008 2:53am Aug 27, 2008 2:53am
Quoting CindyXXXX
Actually that would be better cause we can share charts etc. yep good idea - I think you have to pay to set up a room there though or we could just use a room that had been deserted I know there are a lot of them. Hey I'm a tight ass what can I say

If anyones keen raise your hand !

Actually I think they have free community rooms but have a limit of 50 folks per room, you can share live charts, talk, pics, etc...
  • #3,337
  • Aug 27, 2008 3:14am Aug 27, 2008 3:14am
Quoting CindyXXXX
Would anybody be interested if I started a chatroom in Skype for a place to chat bout trades, quell the boredom etc.
Sounds good to me Cindy (assuming Billy Ray is OK with it) !
  • #3,338
  • Aug 27, 2008 4:15am Aug 27, 2008 4:15am
Quoting loudoniii
Sounds good to me Cindy (assuming Billy Ray is OK with it) !
Cool Loudoniii might take some of the "clutter"out of the main thread too!
Time hides Nothing
  • #3,339
  • Aug 27, 2008 4:48am Aug 27, 2008 4:48am
Quoting BillyRayValentine
Oanda to the rescue again. Download the platform and go to Resources>News and tada - everything is there. All IFR (Reuters) option data, plus a lot more that is very helpful.
Thank you very much BRV.. I'm a newbie to FX and right now trading DEMO with Oanda.. and of course this thread is been very helpful.....

i have some problems in understanding Option expiry and price reaction on affected currencies....

Can anyone explain ..thanks a lot.
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #3,340
  • Aug 27, 2008 6:38am Aug 27, 2008 6:38am
GBPCHF Long when it gets to 2.0121 Anyone with me?
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