Hi guys,
Been out tonight only just got back in, went to watch a stand up comedy show, quite funny
The trend line is what I had drawn before leaving to head out, as you can see had a couple of nice touches back on it that would have given nice trades. First touch back to it after the break of the asian highs was a nice one with confluence of the support line also. Looks like essentially it may have broken up a level only to range on the next level up.
Guess wait and see what happens.
I had something similar with 3600 being entry. I woke up like 15 mins after it. It is two nights in a row I missed good entries in the London Session. Got to find a way to trade the session
First couple of hours of the session is all ya' need. If nothing presents by then so be it. I am a bit lucky with my time zone here.
I hear you on that. But thats right in the middle of the night and it involves getting up and going back to bed. I usually try to get up early here and get the London after lunch move couple of hrs before the US session. Maybe i should think of moving to Australia.
ya' you could be onto something there, plus the weather is fantastic here.Ha Ha
Yes that would make it hard and would certainly test me if I had to do that every day to try and catch the session. But still the first few hours of the NY session can often be just as good.
DW your lucky in regards to the time zone you are in becuase it allows you to have a full time job at the same time. Im in London which is also pretty good considering both the London and NY sessions are during normal business hours 9-5. Bad thing is i cant have a day job at the same time, but then again we dont pay taxes on FX
Dan
DW your lucky in regards to the time zone you are in becuase it allows you to have a full time job at the same time. Im in London which is also pretty good considering both the London and NY sessions are during normal business hours 9-5. Bad thing is i cant have a day job at the same time, but then again we dont pay taxes on FX
Dan
Here, we have to pay for gambling income too but if you can prove gambling lossess you can take that too. Forex is tax advantageous here than securities as it allows you to split your capital gains with 60%taxed at the lower long-term capital gains rate (currently 15%) and 40% at the ordinary or short-term capital gains rate of up to 35%. That combined rate of 23% amounts to a 12% advantage over the ordinary (or short-term) rate.
Capital gains is one thing that annoys me. We have a couple of investment properties and frustrates me to think of the amount of tax we gotta pay to the government when we eventually sell them.
But right now, I am sure there is a lot of tax advantages you can get on those properties. Here you can plan in such a way that you have no income from those properties.
