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Minniapolis/St Paul Trading Group

  • #1
  • First Post: Aug 13, 2006 11:47pm Aug 13, 2006 11:47pm
Anyone traders in the Twin Cities want to form a group or set up a live chat to share ideas?
  • #2
  • Aug 14, 2006 12:00am Aug 14, 2006 12:00am
sounds like a decent idea.........just joined this forum last week...how about you? What part of town are you in?

-Jim
  • #3
  • Aug 14, 2006 1:38am Aug 14, 2006 1:38am
I reside in the southwest part of Minneapolis. My trade time is daily 7 AM -12 PM .

Quoting learningtheropes
sounds like a decent idea.........just joined this forum last week...how about you? What part of town are you in?

-Jim
Quoting learningtheropes
sounds like a decent idea.........just joined this forum last week...how about you? What part of town are you in?

-Jim
  • #4
  • Aug 14, 2006 11:02am Aug 14, 2006 11:02am
Quoting sinclap
I reside in the southwest part of Minneapolis. My trade time is daily 7 AM -12 PM .
I'm out in the NW 'burbs (the rockford/buffalo area). I trade at various times as I use a few different, some with live accounts and others in demo account while I work out the kinks.

Are you a full-time trader? I have been involved for 3 years, but part-time...I've owned a mortgage business since 2001, so I'm starting to finally get some time to study T/A and really understand it.
  • #5
  • Aug 14, 2006 11:38am Aug 14, 2006 11:38am
sure sounds good!!

i am in maplewood.

trying some longer term trades with dailys, stochastic and the FX snipers CCI indicator (great indicator).

I am also in the mortgage business )

Just went live and trying to stay afloat ...lol!

Richard Jones
  • #6
  • Aug 14, 2006 12:56pm Aug 14, 2006 12:56pm
and under employed at the moment while looking for full time employment.

Looking to find the right style to trade forex and not make it complicated.

What charting packaging are you using?


Quoting learningtheropes
I'm out in the NW 'burbs (the rockford/buffalo area). I trade at various times as I use a few different, some with live accounts and others in demo account while I work out the kinks.

Are you a full-time trader? I have been involved for 3 years, but part-time...I've owned a mortgage business since 2001, so I'm starting to finally get some time to study T/A and really understand it.
  • #7
  • Aug 14, 2006 2:42pm Aug 14, 2006 2:42pm
Quoting HAGeek
trying some longer term trades with dailys, stochastic and the FX snipers CCI indicator (great indicator).

I am also in the mortgage business )

Just went live and trying to stay afloat ...lol!
Hey Rich, to me it's either a blessing or a curse, but mortgage apps are way down so I finally have time to knuckle down on this fx obsession of mine.....working with longer time frames.....even hourly charts are a good strategy when going live..... you don't want to see too many false signals on the shorter times. I've learned that the hard way.....I'll have a few successes and then just get murdered when trying to force the trade during sideways markets. I'm learning to let the trades come to me, and I actually fill some of the down time straddling news releases. It's keeping my active, profitable, and out of trouble!
  • #8
  • Aug 14, 2006 2:53pm Aug 14, 2006 2:53pm
Quoting sinclap
and under employed at the moment while looking for full time employment.

Looking to find the right style to trade forex and not make it complicated.

What charting packaging are you using?
What strategies are you using currently? Technicals, fundamentals? Have you tried any of the methods on this forum like Vegas or Sidus? How about hedging or straddling news?

I've had an account with FXCM for a long time, but I'm thinking of moving. For the heck of it I am currently using the charts provided by 4xfindme (they have an affiliation with FXCM) on a 21 day trial of their alert service (it's free for 21 days b/c I have an account above $5K with FXCM).......the charts are nice and allow tons of indicators and all the variables for each that you can think of (at least in my charting experience). I'm seeing if their alerts help me confirm some of my other methods.......most of which are mid-term and require a lot of time in front of the PC...........figured if their alerts jived with my charting, I could sleep a little at nite until their alerts come and if all things line up, I can make an entry........it's been a week, and I have mixed results. Doing it all on the demo b/c of the uncertainties.........I have an hourly method and news hedging/straddling (depending on what FXCM will allow me that day?!?!!) where I go live when appropriate to risk real capital.
  • #9
  • Aug 14, 2006 4:06pm Aug 14, 2006 4:06pm
Greetings,

I live in Forest Lake.

Been trading part time... for several years.

I follow Birdwatching In Lion Country. Trade hourly 4hr and daily charts.

I use Oanda for my main account. Cms VT for charting and FXCM for fundamental news and market info. Use very little technical analysis.

Lou
  • #10
  • Aug 14, 2006 7:00pm Aug 14, 2006 7:00pm
Until recently, I was all over the place with strategies which burned through my account. I am mostly on the sidelines, but am going to focus on trade the news. I follow two currency pairs that move in opposite directions. However, I am open to Sidus but unable to recreate the indicator in my accucharts with FX SOl. Any suggestions?

Currently, my indicators are the standard Moving avg exp and moving average weighted plus RSI. Any idea on how to trade off the these indicators?


Quoting learningtheropes
What strategies are you using currently? Technicals, fundamentals? Have you tried any of the methods on this forum like Vegas or Sidus? How about hedging or straddling news?

I've had an account with FXCM for a long time, but I'm thinking of moving. For the heck of it I am currently using the charts provided by 4xfindme (they have an affiliation with FXCM) on a 21 day trial of their alert service (it's free for 21 days b/c I have an account above $5K with FXCM).......the charts are nice and allow tons of indicators and all the variables for each that you can think of (at least in my charting experience). I'm seeing if their alerts help me confirm some of my other methods.......most of which are mid-term and require a lot of time in front of the PC...........figured if their alerts jived with my charting, I could sleep a little at nite until their alerts come and if all things line up, I can make an entry........it's been a week, and I have mixed results. Doing it all on the demo b/c of the uncertainties.........I have an hourly method and news hedging/straddling (depending on what FXCM will allow me that day?!?!!) where I go live when appropriate to risk real capital.
  • #11
  • Aug 14, 2006 7:02pm Aug 14, 2006 7:02pm
Is CMS VT a standalone charting app or part of a forex account?

Welcome aboard!


Quoting Lou
Greetings,

I live in Forest Lake.

Been trading part time... for several years.

I follow Birdwatching In Lion Country. Trade hourly 4hr and daily charts.

I use Oanda for my main account. Cms VT for charting and FXCM for fundamental news and market info. Use very little technical analysis.

Lou
  • #12
  • Aug 14, 2006 7:06pm Aug 14, 2006 7:06pm
Sorry dont use TA much. Just 34 sma and Fibs (which to me are sentiment indicators)

Lou
  • #13
  • Aug 15, 2006 1:05pm Aug 15, 2006 1:05pm
Quoting Lou
Greetings,

I live in Forest Lake.

Been trading part time... for several years.

I follow Birdwatching In Lion Country. Trade hourly 4hr and daily charts.

I use Oanda for my main account. Cms VT for charting and FXCM for fundamental news and market info. Use very little technical analysis.

Lou
Hey Lou,
welcome to the "for sure, u betcha" party! Did you trade UK CPI and/or US PPI this morning?
  • #14
  • Aug 15, 2006 1:28pm Aug 15, 2006 1:28pm
Quoting sinclap
Until recently, I was all over the place with strategies which burned through my account. I am mostly on the sidelines, but am going to focus on trade the news. I follow two currency pairs that move in opposite directions. However, I am open to Sidus but unable to recreate the indicator in my accucharts with FX SOl. Any suggestions?

Currently, my indicators are the standard Moving avg exp and moving average weighted plus RSI. Any idea on how to trade off the these indicators?
Not sure how you are using these indicators, but all I can say is this: there is no holy grail in how (or precisely which ones) to use the tons of studies and the variations, timeframes, intervals, etc out there..it's really up to the individual. I think once you adopt a strategy you feel comfortable with off a basic fundamental setup (1 or more MA's, and/or 1 or more EMA, and/or 1 or more RSI's....you get the point), from there it does take a certain level of "feel" Even switching to a different vendor's charting system using the same exact indicators takes getting used to.

I suggest honing-in on one setup, for whatever reason (looks nice, isn't too cluttered, back-test shows positive results), then try to make it your own through "feel". I think you could come close to duplicating the Sidus method (or anybody else's) on any chart system and be successfull with it if you put your faith in it and become a master of that particular chart's (and vendors) nuances. For example, the 4xfindme charts are way more sophisticated vs. the free Daily FX charts I like for quick reference, but I can plot Sidus in some fashion on either and the break to go Long this morning was essentially signaled in the same hourly bar........now of course, it's up to me to just put full faith in the indicators and/or myself whether the EUR is on another Bull run, or if it will retrace back to it's pre-PPI levels.......this is an expansion into getting to understand support and resistance.

Of course, when all else fails, protect yourself through money management....set reasonable stops that you can afford, or research and implement hedge stops. I know a bit about that should you have any questions?

Hope I am helping....
-Jim
  • #15
  • Aug 15, 2006 6:24pm Aug 15, 2006 6:24pm
Learning.....

Unfortunately was out of the market this morning. Got in later, after the parade. We shall see.

sinclap.....

CMS VT ... the Disneyland of Charting Packages. You can get an unlimited free demo or you can get a live account.

for what it is worth: would not use any demo to trade play money. Demo doesnt cut it for trading in my opinion. Good for learning how things work. Instead use a broker that offers micro pips. Nothing like trading real money. But with micro pips you can trade for cents on the dollar. Add to your position when the going is good. Scale out if you want if the going is not.

Lou
  • #16
  • Aug 15, 2006 7:38pm Aug 15, 2006 7:38pm
I am in Plymouth and trade longer-term as well as the news on a daily basis.
  • #17
  • Aug 15, 2006 7:50pm Aug 15, 2006 7:50pm
FYI I noticed that in the title of this thread Minneapolis is spelled wrong.

:
  • #18
  • Aug 16, 2006 11:08am Aug 16, 2006 11:08am
I am guilty. Should had my first cup of caffine before I type. he he he

Quoting Lou
FYI I noticed that in the title of this thread Minneapolis is spelled wrong.

:
  • #19
  • Aug 16, 2006 11:10am Aug 16, 2006 11:10am
Hi neighbor,

Care to share your long term strategies that work for you?

Broker and chart software you use?

Thanks...

Quoting loebjm
I am in Plymouth and trade longer-term as well as the news on a daily basis.
  • #20
  • Aug 16, 2006 11:26am Aug 16, 2006 11:26am
My problem is that I don't know how to use ACUUCharts and Metatrader properly. Such as installing the Sidus Method and others. How to interpet the signals as well. I looked for tutorials to no avail. I did trade on the news this morning for a 20 pip gain.

I placed market orders on the EUR/USD and CHF/USD at 7:20 AM with a 20 pip stop loss. These two pairs move in opposite directions. Now I need to refine this by placing tigher stop losses in the 10-15 pip range.


Quoting learningtheropes
Not sure how you are using these indicators, but all I can say is this: there is no holy grail in how (or precisely which ones) to use the tons of studies and the variations, timeframes, intervals, etc out there..it's really up to the individual. I think once you adopt a strategy you feel comfortable with off a basic fundamental setup (1 or more MA's, and/or 1 or more EMA, and/or 1 or more RSI's....you get the point), from there it does take a certain level of "feel" Even switching to a different vendor's charting system using the same exact indicators takes getting used to.

I suggest honing-in on one setup, for whatever reason (looks nice, isn't too cluttered, back-test shows positive results), then try to make it your own through "feel". I think you could come close to duplicating the Sidus method (or anybody else's) on any chart system and be successfull with it if you put your faith in it and become a master of that particular chart's (and vendors) nuances. For example, the 4xfindme charts are way more sophisticated vs. the free Daily FX charts I like for quick reference, but I can plot Sidus in some fashion on either and the break to go Long this morning was essentially signaled in the same hourly bar........now of course, it's up to me to just put full faith in the indicators and/or myself whether the EUR is on another Bull run, or if it will retrace back to it's pre-PPI levels.......this is an expansion into getting to understand support and resistance.

Of course, when all else fails, protect yourself through money management....set reasonable stops that you can afford, or research and implement hedge stops. I know a bit about that should you have any questions?

Hope I am helping....
-Jim
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