BabyPips.com Forex Forum http://forums.babypips.com/ Forex forum- BabyPips.com- Forex discussion en Wed, 16 May 2012 13:57:24 GMT vBulletin 60 http://forums.babypips.com/images/misc/rss.png BabyPips.com Forex Forum http://forums.babypips.com/ <![CDATA["Betty Boo" - New Zulu Signal Provider - The Saga continues]]> http://forums.babypips.com/newbie-island/44643-betty-boo-new-zulu-signal-provider-saga-continues.html Wed, 16 May 2012 13:48:17 GMT I've been trading since Feb 2012 and recently opened a Zulu trader signal provider under the name of "Betty Boo" - I've been doing quite well with currently 805 pips since 30th April 2012.

Thing is - Ive way too many open positions which will take a lot of managing - I intend to release them over several days, against a background of successful trades...

My current Zulu rank is 2,660.

I will keep a log of my progress and what Ive learnt - with tips etc here :) ]]> Newbie Island meseany http://forums.babypips.com/newbie-island/44643-betty-boo-new-zulu-signal-provider-saga-continues.html What are the tatol costs to convert Rands to Dollar if I want to trade Eur/Dollar http://forums.babypips.com/newbie-island/44642-what-tatol-costs-convert-rands-dollar-if-i-want-trade-eur-dollar.html Wed, 16 May 2012 13:47:54 GMT Hi, if I want to put rands on the exchange and convert it to dollars to trade euro/dollars, what would be the costs. If anyone knows how I go about... Hi, if I want to put rands on the exchange and convert it to dollars to trade euro/dollars, what would be the costs. If anyone knows how I go about this etc, and can you trade rands to dollar on FXCM ]]> Newbie Island wildguy13 http://forums.babypips.com/newbie-island/44642-what-tatol-costs-convert-rands-dollar-if-i-want-trade-eur-dollar.html Id like to buy a Signals Provider http://forums.babypips.com/free-forex-trading-systems/44641-id-like-buy-signals-provider.html Wed, 16 May 2012 12:49:56 GMT Hello, someone here knows a GOOD forex signal provider? Could you refer me? Thank you very much! Hello, someone here knows a GOOD forex signal provider? Could you refer me?
Thank you very much! ]]> Free Forex Trading Systems pepeelpew http://forums.babypips.com/free-forex-trading-systems/44641-id-like-buy-signals-provider.html Which is a honest and good trading platform to join. http://forums.babypips.com/newbie-island/44640-honest-good-trading-platform-join.html Wed, 16 May 2012 12:39:17 GMT Hi, which is a honest and good easy to understand trading platform to trade with. A trading company that will pay you out when you ask for your... Hi, which is a honest and good easy to understand trading platform to trade with.
A trading company that will pay you out when you ask for your proceeds and not try get out of paying you, when/ if you succeed in your trades.
If anyone has some good avice. thanks. ]]> Newbie Island wildguy13 http://forums.babypips.com/newbie-island/44640-honest-good-trading-platform-join.html Holy crawling crab Batman http://forums.babypips.com/newbie-island/44639-holy-crawling-crab-batman.html Wed, 16 May 2012 11:34:33 GMT Ghee wiz Batman, these Gnartly crawling animals are a bit tough to get in your head. Does it get any easier to remember? Ghee wiz Batman, these Gnartly crawling animals are a bit tough to get in your head. Does it get any easier to remember? ]]> Newbie Island Pingback http://forums.babypips.com/newbie-island/44639-holy-crawling-crab-batman.html Baby Boo - New Zulu Signal Provider - The Saga continues http://forums.babypips.com/newbie-island/44638-baby-boo-new-zulu-signal-provider-saga-continues.html Wed, 16 May 2012 10:51:35 GMT I've been trading since Feb 2012 and recently opened a Zulu trader signal provider under the name of "Betty Boo" - I've been doing quite well with currently 805 pips since 30th April 2012.

Thing is - Ive way too many open positions which will take a lot of managing - I intend to release them over several days, against a background of successful trades...

My current Zulu rank is 2,660.

I will keep a log of my progress and what Ive learnt - with tips etc here :) ]]> Newbie Island meseany http://forums.babypips.com/newbie-island/44638-baby-boo-new-zulu-signal-provider-saga-continues.html Estocks.com http://forums.babypips.com/rate-my-broker/44637-estocks-com.html Wed, 16 May 2012 09:36:18 GMT I'm trading with Estocks.

They are very good and give 30% bonus on first deposit. They also have a managed account program

They have fixed spread, ecn and islamic accounts too. I have a fixed one with them.

I'm very statisfied with them. Has anyone have tried them? ]]> Rate my Broker pinvest http://forums.babypips.com/rate-my-broker/44637-estocks-com.html Need help http://forums.babypips.com/newbie-island/44636-need-help.html Wed, 16 May 2012 09:25:26 GMT I have just opened my zulutrade acount; I trade with 500 dollars, micro acount Signal Provider (Micro) Lots Max Open Trades Forex Cruise Control 2... I have just opened my zulutrade acount;
I trade with 500 dollars, micro acount
Signal Provider (Micro) Lots Max Open Trades
Forex Cruise Control 2 2
CO-FX-24 2 2
stop loss at 350 and safe ticked
what is your advice about these settings
thanks in advance ]]> Newbie Island Peter Brandley http://forums.babypips.com/newbie-island/44636-need-help.html EUR/USD: Hammer at 1.2700! http://forums.babypips.com/eurusd/44635-eur-usd-hammer-1-2700-a.html Wed, 16 May 2012 08:27:13 GMT What are your thoughts on the hammer that just formed on the 4hr tf of $EURUSD? Time to reverse or is it just stalling? ... What are your thoughts on the hammer that just formed on the 4hr tf of $EURUSD? Time to reverse or is it just stalling?

Attachment 25635
Attached Images
]]> EURUSD Huck http://forums.babypips.com/eurusd/44635-eur-usd-hammer-1-2700-a.html Waiting For Break of Trend Line on EUR/AUD http://forums.babypips.com/eurjpy/44634-waiting-break-trend-line-eur-aud.html Wed, 16 May 2012 08:19:24 GMT First up, my apologies. There's no sub-forum for a EUR/AUD (yes, I know, it's an odd cross-currency pair), so I decided to post my trade idea here instead. Feel free to post your ideas and comments on this trade on this thread.


Trade Idea: 12-05-16 03:52

Attachment 25633

One reason why I love trading the cross-currency pairs is because it gives me plenty of trading opportunities to choose from! If I have a short euro bias, I'm not forced to stick to just EUR/JPY - I can choose to go short on other euro pairs as long as a valid setup emerges!

Why am I bearish on the euro? Well, as I said in my last EUR/JPY trade, it's all about politics right now baby!

The big news in the market right now is that our buddies over at Greece can't just get along. Because the New Democracy, Syriza, and Socialist parties couldn't form a coalition government, the Greek government decided that they would be better off having another election in June.

This puts Greece in a rather dangerous situation, as the country won't be able to receive any bailout funds from the EU and IMF. Take note that Greece has no more moolah in its vaults and without aid, it will run out of money by July.

As expected, this has been taking its toll on the euro, which is why the shared currency has struggled against other major currencies.

This brings me to my trade setup on EUR/AUD.

The pair has been respecting a long-term rising trend line for quite some time now, but seeing as how the outlook for the euro is looking rather dim, I have a feeling that the trend line could break soon.

For now, I'm going to be patient and wait for a BREAK of the trend line before establishing my short position. I think if price breaks below the recent support level at 1.2785, we could see a smooth ride back down to the former area of interest around 1.2600.

Here's my master plan:

Sell stop order at 1.2760, stop loss at 1.2830, take profit at 1.2600.

I think this should give my trade ample breathing space should we see any choppy moves. Also, I think my profit target is well-placed, and if it gets hit, this trade will give me a sweet reward-to-risk ratio of just over 2:1. Lastly, I'll be risking 0.50% of my account on this trade.

You fellas willing to join me on this trade?
Attached Images
]]> EURJPY Cyclopip http://forums.babypips.com/eurjpy/44634-waiting-break-trend-line-eur-aud.html Eurozone Dithers in the End Zone http://forums.babypips.com/fundamental-ville/44633-eurozone-dithers-end-zone.html Wed, 16 May 2012 07:21:41 GMT The aftermath from last week's elections continue to weigh on the markets, and in currency markets, the threat of political change is the most important driver.

The Greeks voted for those who opposed the austerity plan recommended by the Troika, but have no plans for repayment of debt coming due. They want the advantage of remaining in the Eurozone but they do not like the price that comes with it.

For the Germans and their allies the question has become, is it cheaper for the Greeks to leave and for them to stay? The Greek's, with the help of Goldman cooked their books to get in the euro, and have since been on the dole within the euro. There may be little remorse should they leave.

The recent votes in France and Greece, as well as those in Schleswig-Holstein and North-Rhine Westphalia all confirm Chancellor Merkel's austerity plans are not selling well with the voters. It looks like the bills for the unfunded political promises are coming due, in much of the developed world.

With most European governments spending about 50% of their GDP, and the private sector shrinking, Hollande's call for growth to bail them out is comical.

There are rumors that the Germans, recognizing the political and economic costs of 'austerity', are going to encourage the ECB to print some money, perhaps a lot of money, as they concede a little inflation will need to be accepted. Typically, it takes a severe crisis to foster effective change. Are we there yet?

There are two excellent articles that euro traders should read. The first, As European Austerity Ends, so Could the Euro was published as an opinion in Bloomberg yesterday. The other is an opinion piece in The Telegraph today, Brace,brace.

Dark times ahead, as Greece heads for the exit.

Markets are supposed to look ahead and discount the future. How much of this is already in the market? Granted the specs are heavily short, and they could rally the market if they cover. Even after considering the big short, it is hard to make a case to buy the euro.

Attachment 25629
]]> Fundamental-ville cashbackforex http://forums.babypips.com/fundamental-ville/44633-eurozone-dithers-end-zone.html Interest rate differentials http://forums.babypips.com/forextown/44631-interest-rate-differentials.html Wed, 16 May 2012 01:43:33 GMT What would be the best way to monitor interest rate differentials? What would be the best way to monitor interest rate differentials? ]]> Forextown richhand http://forums.babypips.com/forextown/44631-interest-rate-differentials.html Tomorrows wins! http://forums.babypips.com/readers-choice-trade-week/44630-tomorrows-wins.html Wed, 16 May 2012 01:06:56 GMT Hey guys. It's been a pretty rewarding week for me thus far (600 + pips... Not a single loss yet!). Hopefully I can make it more rewarding for you as well.

My trades:

Eur/Usd = short entered at 1.27320
Aud/Usd = short entered at .99409
Usd/Jpy = long entered at 80.228
Usd/Cad = long entered at 1.00645
Usd/Nok = long entered at 6.0054

As for take profit and stop loss... I don't use them because it's impossible to know how many pips each of these trades will make/lose until when I clear them tomorrow. I will say this. All of these trades will be closed tomorrow and I will more than likely be putting in the same trades tomorrow, just at different numbers. The direction shouldn't change due to the fact that four trades are already winning, so tomorrow all of them should be winning. (it's not too late to enter even not at these specified entry points!!) I'm going for 50 pips each. I suggest everyone else go for the same as well. Let me stress no take profit because the eur/usd surprised me this morning with a 100 pips. I placed a short yesterday in the euro intending to close it today, which I did for 100 pips. Had I had a 50 pip take profit, I would have lost those extra fifty pips! Its better to close a winning trade in my opinion instead of taking less profit if it hits your take profit too soon or gets close to your take profit and reverses direction. I don't take responsibility for your losses, so take precaution and trade at your own risk. These are only 24 hour trades or less. Each trade will be closed before the end of tomorrow. If you would like more info on how and why I placed these trades I would be glad to share in a response post. Best of luck and happy trading,

Benjamin ]]> Leg0nd http://forums.babypips.com/readers-choice-trade-week/44630-tomorrows-wins.html Anyone have a system for a ranging market? http://forums.babypips.com/free-forex-trading-systems/44629-anyone-have-system-ranging-market.html Wed, 16 May 2012 00:48:38 GMT Hi everyone,
I am sorry if this is the wrong place, but I didn't know where else to ask this. Every system or strategy that I have looked at seems to look for breakouts or long trends. That is great except when the market ranges there are a ton of pips left on the table. So I wanted to know if anyone has a system for trading a ranging market? Any suggestions are welcome. I am not looking for a full system if it doesn't exist, just some advice to help a young trader.
Thanks ]]> Free Forex Trading Systems GENT3861 http://forums.babypips.com/free-forex-trading-systems/44629-anyone-have-system-ranging-market.html Markets Lower As Greek Politicians Fail To Form Coalition Government| May 16, 2012. http://forums.babypips.com/analyst-arena/44628-markets-lower-greek-politicians-fail-form-coalition-government-may-16-2012-a.html Tue, 15 May 2012 22:13:44 GMT Attachment 25617
European shares settle at their lowest level for 2012 as the attempts to form a Greek coalition government collapses.

The Dow Index slid 63.35 points to close at 12,632 while the S&P 500 weakened by 7.69 points to finish at 1,330.66. Earlier in the session the Dax dropped 0.8 percent to settle at 6401.

The euro dropped against the dollar for the 12th straight day after Greek politicians officially called for new elections to break a stalemate over forming a new coalition government, this is its lowest level since the 17th January. EURUSD (see above chart) traded down from overnight highs of 1.2871 to as low as 1.2724 recently.

On the economic front, the German GDP grew 0.5 percent in the first quarter as exports helped the economy bounce back from a contraction in the previous quarter. Meanwhile the New York Federal Reserve released figures that showed that the Empire State manufacturing index rebounded in May.
The Commerce Department numbers showed that US Consumer prices were flat in April, in line with economists' expectations, while retail sales edged up slightly as the boost from an unusually warm winter faded.

Gold has continued to show signs of weakness as it slipped to a fresh four month low overnight as the euro continued to lose ground to the dollar after Greece's political failure has led investors to reject risky assets.

INDICES

Last Traded
SPI 200 future 4241
S&P500 Index 1330.65
Dow Jones 12632.00
FTSE 100 Index 5437.62

COMMODITIES
Last Traded
Gold 1543
Oil (Nymex) 93.98

CURRENCIES
Last Traded
AUDUSD 0.9940
EURUSD 1.2734
GBPUSD 1.5999
USDJPY 80.20
Source
Bloomberg, Dow Jones News
http://www.vantagefx.com/market-news/market-wrap/
Attached Images
]]> The Analyst Arena Vantage FX Analyst http://forums.babypips.com/analyst-arena/44628-markets-lower-greek-politicians-fail-form-coalition-government-may-16-2012-a.html