We have differrent candles, so that means that the only charts that are identical, are the hourly charts.
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Trade What You See - Almost Naked Trading
- #16,523
- Jun 29, 2011 12:48pm Jun 29, 2011 12:48pm
It should be part of everyone's trading day. First thing is to check what news is coming out for the day ...
agree absolutely. Enter a little breakout before important news may result in a little SL.
Beside the wellknown and well-sorted FF calendar you'll find the news tool of it-lyse usable (stat alert). It's free, you may let a little screen be in front or minimize it - AND you may configure sound (male/female
) 1/5/15 min before news. http://www.it-lyse.com/site/indexV2.jsp?id=64josch
trading is war - life is simple
Rebecca (and others),
I'm wondering, if you take care of correlating pairs, if the RSIs and charts showing a setup. Means, if you ie get USDCAD sell and AUDCAD long.
Yesterday this was the case. You know, that an impacting event with CAD (like this am) move both pairs mostly not equaly, but likely up or down. Of course you can't compare the AUD with the USD eco, but if you -always- are looking for a growing trade (BO/H4/MT), this may worth a decision?
josch
I'm not monitoring AUDCAD, so I missed that one yesterday, but I entered a long in AUDUSD and a short in USDCAD.
Basically my position is short USDollars.
It matches nicely with the long NZDUSD and long GBPUSD.
Also short USDollars.
Trying to avoid the euro crosses this week, but could not resist the temptation to enter a long in EURCHF
- #16,527
- Jun 29, 2011 2:05pm Jun 29, 2011 2:05pm
- Joined Dec 2009 | Status: Trader | 6,603 Posts
I do look at correlating pairs, so if there are signals for a short USDCAD and a long AUDCAD, it should also signal a long in AUDUSD.
I'm not monitoring AUDCAD, so I missed that one yesterday, but I entered a long in AUDUSD and a short in USDCAD.
Basically my position is short USDollars.
It matches nicely with the long NZDUSD and long GBPUSD.
Also short USDollars.
Trying to avoid the euro crosses this week, but could not resist the temptation to enter a long in EURCHF
Nijn..what is your trading background, if you don't mind my asking. You have a very good grasp of the charts/markets, etc.
A long long time ago, when I was still young and innocent and there was no such a thing as a euro, I worked for brokerage/securities firms.
It was my job to trade the money markets to fund the derivatives positions of the clients.
Swapping currencies was part of the job.
It all started during the days that George Soros kicked the Pound out of the ERM.
Back then I was trading in currencies like DEM/FRF/ESP/ITL/NLG/etcetera... many many crosses to keep an eye on.
Meanwhile....kiwi is on the move again, and still waiting for cable to move up.
I think I'll keep the long cable overnight, without stoploss, I already got whipped today in cable, I won't let it happen again
I took profit earlier before the shake out on aud/usd +95 and eur/usd +33
Then re entered both on the retracement and am currently +66 on the aud/usd and + 56 on the eur/usd. Its been a good day just trading those two pairs today. Will keep both as a money trade if the signals maintain their support.
Probably being too greedy now....
- #16,536
- Jun 29, 2011 5:00pm Jun 29, 2011 5:00pm
- Joined Dec 2009 | Status: Trader | 6,603 Posts
Great day today,
Best ever
added 4% to the account
and 9% since the 20th over about 65 trades
better than the last 2 years of loosing, and I had so many indicators to help !!
Thanks LG
Great day today,
Best ever
added 4% to the account
and 9% since the 20th over about 65 trades
better than the last 2 years of loosing, and I had so many indicators to help !!
Thanks LG
Also had a great day here, already past midnight now, almost time to get some sleep.
How about USDCAD, anyone still short in this one ?
