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  • #101
  • Apr 13, 2009 7:45pm Apr 13, 2009 7:45pm
FR

Will do, how do i send you a PM??

I might not trade 2ma but definitley will be keeping my eyes on the market on Wed.

Where i trade from now, i sometimes get re quotes, which is not good but i always have a 3 pip spread on the GBP USD. Trying to find another company in London who deals FX that has fast execution, no re-quotes and a cracking charting package.

So i ve been looking at your thread a little closer, what type of time fram do you trade???

James16, i think said daily should be a minimum for newbies?

Some times i see a that a price can go up in the morning and then come crashing down in the afternoon. so youd end up back where you started.

But there definatly more pips made on the daily the on shorter time frames. ...Maybe when my account getts bigger.

Abs
  • #102
  • Apr 13, 2009 7:49pm Apr 13, 2009 7:49pm
Quoting 8fingers
Only use it and nothing else. Results in fewer trades but much bigger wins(and occasional big loss OUCH!) . Also filters out the "noise" of a flat market time. Its really a breakout trader (EA) but today made 248 pips on 2 pairs(total) . Hope tomorrows that good!
Wow, 248 pips in 1 day, thats brilliant, at the mo, if i can make 100 pips, Everyone would have to wear sunglasses as id have the biggest smile on my face.

Do you trade GBP USD?

ABS
  • #103
  • Apr 13, 2009 8:34pm Apr 13, 2009 8:34pm
Quoting Abs
FR

Will do, how do i send you a PM??

I might not trade 2ma but definitley will be keeping my eyes on the market on Wed.

Where i trade from now, i sometimes get re quotes, which is not good but i always have a 3 pip spread on the GBP USD. Trying to find another company in London who deals FX that has fast execution, no re-quotes and a cracking charting package.

So i ve been looking at your thread a little closer, what type of time fram do you trade???

James16, i think said daily should be a minimum for newbies?

Some times i see a that...
To send a PM click on my username on one of my posts and search on my profile for "send e-mail" which will do the trick . Ok that's cool, i try to trade on most days, tomorrow will be a bit of a tricky day as i'm not sure what to expect from the U.S data at 13:30.

If you're looking for a London FX broker i would recommend either Alpari UK or GFT, which one are you with at the moment? Alpari use MetaTrader and GFT use their own software Dealbook 360, which looks interesting.

I trade off the 1 hour as my main timeframe, 5 minute is used for entry. I look at the daily before placing any trades on. Which timeframes do you use?

Yeah i came across that part as well, but i disagreed with that. As a beginner trader i think its better to start on the smaller timeframes and gradually move onto the timeframes which suit the trader. But that's just my view .

That is true, the daily chart can bring much better returns than the smaller timeframes; but for the moment i wouldn't be suited to them because of my risk capital wouldn't work very well with the timeframe.

FR
"The trend is your friend, until the end."
  • #104
  • Apr 14, 2009 8:30am Apr 14, 2009 8:30am
Quoting Abs
Wow, 248 pips in 1 day, thats brilliant, at the mo, if i can make 100 pips, Everyone would have to wear sunglasses as id have the biggest smile on my face.

Do you trade GBP USD?

ABS
Sure do! GBP/USD EUR/USD USD/CHF mostly. I use an EA .Today it is up 45 pips only over these 3 pairs (3 trades total so far today with 2 closed already and 1 open trade at -21 pips) 248 pips is "GOOD" day,though. usually between 50 100 pips if day is trending. Not so good if not. Dont know y yesterday was so good?News? Thought it was still kinda of holiday? Not all days go the way of yesterday. Not bragging cause that will bring losses for sure!
FF = Forex Faggots
  • #105
  • Apr 14, 2009 7:20pm Apr 14, 2009 7:20pm
Wednesday's Trading
Attached Image (click to enlarge)
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"The trend is your friend, until the end."
  • #106
  • Apr 15, 2009 8:05am Apr 15, 2009 8:05am
Quoting Abs
Wow, 248 pips in 1 day, thats brilliant, at the mo, if i can make 100 pips, Everyone would have to wear sunglasses as id have the biggest smile on my face.

Do you trade GBP USD?

ABS
Lost 51 pips today so far-nobody wins everytime(except certian ex wives of mine).
FF = Forex Faggots
  • #107
  • Apr 15, 2009 9:28am Apr 15, 2009 9:28am
Hey Everyone,

Sorry was't around yesterday, ive only just managed to get on the computer. Man i missed a good one today. Lets see..... The system that i have which ill be using would have bade me go long at 1.4865 at about 8.45 or 9.00am London time. Exit would have been around 1.4930 at 10.15. What was i doing hey??????
  • #108
  • Apr 15, 2009 9:31am Apr 15, 2009 9:31am
Quoting 8fingers
Lost 51 pips today so far-nobody wins everytime(except certian ex wives of mine).
Ha ha, thats funny man.

I made losses but that was when i didn't know anything and was guessing or gambaling if you want give it a name.

I made 5 losses in a row, gave up to do some research... boy am i glad i did, learned a lot, now just have to pull the trigger.

ABS
  • #109
  • Apr 15, 2009 9:41am Apr 15, 2009 9:41am
Hey FR,

cool, will sort that msn thing out in a bit-ish, i just got a new lap top and installing all the software. Soon as i get msn installed on will try get you an email.

I was looking at FXCM as they say there are no requotes and when you hit the BUY or Sell, it goes through strait away????

Anyway, my system is is on a 15min time frame. I use 3 indicators that have to be at a specifc point before you enter, I also have a 30min time frame next to it which i tend to chage times from 2 min to hour just for research perposes. but when its on the, i use it to see day trend and overbought/oversold signals.

Abs
  • #110
  • Apr 15, 2009 10:41am Apr 15, 2009 10:41am
Quoting Abs
Hey Everyone,

Sorry was't around yesterday, ive only just managed to get on the computer. Man i missed a good one today. Lets see..... The system that i have which ill be using would have bade me go long at 1.4865 at about 8.45 or 9.00am London time. Exit would have been around 1.4930 at 10.15. What was i doing hey??????
Hey Abs, that's cool, no worries buddy . I missed the entry this morning as well because i overslept! I got stopped out in the early hours before the London Open after an entry at 1.4872.

That's unlucky, but hey, you'll catch other opportunities. Remember; the money will run out before the opportunities will .

FR
"The trend is your friend, until the end."
  • #111
  • Apr 15, 2009 10:46am Apr 15, 2009 10:46am
Quoting Abs
Hey FR,

cool, will sort that msn thing out in a bit-ish, i just got a new lap top and installing all the software. Soon as i get msn installed on will try get you an email.

I was looking at FXCM as they say there are no requotes and when you hit the BUY or Sell, it goes through strait away????

Anyway, my system is is on a 15min time frame. I use 3 indicators that have to be at a specifc point before you enter, I also have a 30min time frame next to it which i tend to chage times from 2 min to hour just for research perposes. but when its on...
Ok that's cool, i would send you my address but i think you have the e-mail settings disabled or something?

I use to be with FXCM, they do say that which is true. However, i'm not certain whether it will go straight through or not, i stopped trading with FXCM because a friend of mine pointed out that they trade against your position.

That sounds like a good system, particularly like the part of looking across multiple timeframes .

FR
"The trend is your friend, until the end."
  • #112
  • Apr 15, 2009 12:43pm Apr 15, 2009 12:43pm
Chart Pattern Formation:
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 46 KB
"The trend is your friend, until the end."
  • #113
  • Apr 15, 2009 1:18pm Apr 15, 2009 1:18pm
Quoting ForexRookie
Ok that's cool, i would send you my address but i think you have the e-mail settings disabled or something?

I use to be with FXCM, they do say that which is true. However, i'm not certain whether it will go straight through or not, i stopped trading with FXCM because a friend of mine pointed out that they trade against your position.

That sounds like a good system, particularly like the part of looking across multiple timeframes .

FR
Hey FR

Thanks for the messages. All im after is fast execution and no requoting. If they want to hedge my position, i dont mind.. as long as im the one in the profit.

Other than hedging against you, is there any other bad points to them??

Yea i was unlucky to, had a crazy one yesterday, didnt crash out until 5am, i got up late too and missed all the action in the morning.

Abs
  • #114
  • Apr 15, 2009 1:36pm Apr 15, 2009 1:36pm
Quoting Abs
Hey FR

Thanks for the messages. All im after is fast execution and no requoting. If they want to hedge my position, i dont mind.. as long as im the one in the profit.

Other than hedging against you, is there any other bad points to them??

Yea i was unlucky to, had a crazy one yesterday, didnt crash out until 5am, i got up late too and missed all the action in the morning.

Abs
Hey Abs,

Yep that's definitely true, they do execute your trades instantly and they don't do requoting either. The FXCM Trading Station software is really user-friendly, not sure if you've used it yet?

I couldn't see any more bad points to them, if there are any more recent ones you might find some threads under the "Broker Discussion" Forums .

Ah not to worry; there's always tomorrow...that's what i always say, lol.

FR
"The trend is your friend, until the end."
  • #115
  • Apr 16, 2009 11:59am Apr 16, 2009 11:59am
Quoting ForexRookie
Chart Pattern Formation:
What are the indicators that you use on the chart and what tf is this
  • #116
  • Apr 16, 2009 12:27pm Apr 16, 2009 12:27pm
Quoting at2au
What are the indicators that you use on the chart and what tf is this
Its a line chart with a couple of moving averages on the 1 hour chart.
"The trend is your friend, until the end."
  • #117
  • Apr 21, 2009 10:44am Apr 21, 2009 10:44am
1 Hour chart analysis
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 79 KB
"The trend is your friend, until the end."
  • #118
  • Apr 21, 2009 12:28pm Apr 21, 2009 12:28pm
1 Hour Chart:
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 74 KB
"The trend is your friend, until the end."
  • #119
  • Apr 22, 2009 3:29pm Apr 22, 2009 3:29pm
Daily Chart Analysis:
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 70 KB
"The trend is your friend, until the end."
  • #120
  • Apr 23, 2009 12:07pm Apr 23, 2009 12:07pm
1 Hour Chart Analysis:
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 77 KB
"The trend is your friend, until the end."
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