Remember dead market time we only need to open 6 trades to reach 50% profit within 12 hours.
Friday test report.
what will happen in that Monday all bank holy day times ? lol
I donât think youâll see much action before Jan2.
Everybody is in holiday mode.
Interesting avatar.
I cant really see it all, but looks like 15 monitors???
Good morning.
Iâm pleasantly surprised that there is âlifeâ here. I checked earlier this morning and NOTHING!!! NADA!!! So I went back to bed!!! LOL!!!
NOT SO FAST about nothing happening or no âaction before Jan2â!!!
Hereâs a link that Iâve posted MANY times (although I see theyâve updated their website and itâs a bit âhard on the eyesâ or maybe thatâs just me getting older):
These are the LIVE INTERBANK SPOT RATES (LIVE as in whenever you âRefreshâ the screen theyâre LIVE i.e. theyâre not delayed like, say, for fifteen minutes or an hour) and they are updated 24/7:
Spot Exchange Rates| Major Rates | Cross Rates | Rate Charts | Oz Forex
When I was trading Spot FOREX I used to use the site so Iâd know whether I was going to be âlaughing all the way to the bankâ on Monday morning or trying to lay my hands on more margin before the open on Sunday night!!! LOL!!! And IF youâre âinto theâ or a âbeliever inâ weekly OPENING FOREX gaps (which Iâm not) then you have forewarning as to what the opening gap is GOING to be to within a pip or two. This CAN be âhandyâ if you trade at a broker that allows you to place pending orders OUTSIDE of market hours and in this case you could EVEN benefit from POSSIBLE POSITIVE slippage. But again: thatâs only if you believe that weekly OPENING FOREX gaps are tradeable and profitable.
Iâll get to all the other posts shortly.
Regards,
Dale.
Yes sir! 
That can come in handy, even if one only uses it Sunday afternoon/evening (UTC), to get in the âmarket moodâ. Thanks.
You really think thereâll be much action between now and Jan2?
Cheers,
O.
Geez!!!
That is SOME setup. I ASPIRE to having an office that has a setup like that. NOT that I think it would do anybody (me) any good though!!! LOL!!! That being said: it looks like Linda Bradford Raschkeâs setup. One thing she made clear though: the ONLY screen that mattered was âthe one in the middleâ i.e. the rest were âall window dressingâ. âThe one in the middleâ (her being a Futures Trader) is where she had the market Level II (in her case probably Level III) quotes showing (market depth) and the current bids and offers (and where she would buy and sell). I know one thing: it would confuse the HELL of out ME anyway!!! âInformation Overloadâ I think is the term!!!
And yes: just because all the calendars show âBank Holidayâ doesnât mean that âthe wonderful world of Spot FOREXâ stops âchurningâ!!! LOL!!! To me: âBank Holidayâ just means that YOU (âJoe Publicâ) cannot go into the bank that day!!! LOL!!! And remember the likes of American Express and Rennies Foreign Exchange etc. are open 24/7 (as are all the Bureau de Changes).
Oh and by the way: I LIKED the EU Logo!!! LOL!!!
Regards,
Dale.
How can we use inter bank spot rates and opening gap for profitable trading?
why do you use many computers for trading? do you staffs there? how many currency pairs / commodities / stocks are you trading?
Oliver, That office is beautiful, Im drewlin (Sp?) over here,
You dont want to see mine, lolâŚ
Keep up the great job,
*Hat Tip
Haha, thatâs not my office. 
Itâs just a search result on âmulti screen pc+picâ on google.
My office is more modern and has more lights, hehe.
Also, I donât see a need for 15 screens ⌠Iâm currently using 3, and if things proceed the way I want them to proceed, Iâll build that up to 6, plus a nice large TV above.
I think 6 screens are ideal, 2 rows of 3: upper row for charts (3 timeframes), lower row for web browser / trading platform / trading tools or notepad. That should do nicely.
Dale: yes, I liked the Euro flag too ⌠but I like changing avatars from time to time, hehe.
Cheers,
O.
UhhhmmmâŚ
Forgive me if Iâm wrong here but if that IS Oliver1968âs own setup then what the FCK is he doing here starting to trade Spot FOREX again??? LOL!!! THAT type of sht you ONLY (MAYBE) need if youâre trading Equities, Futures, or Commodities ON EXCHANGE!!! LOL!!! And if you look VERY nicely at any ONE of those screens I donât see Meta-fu*king-Trader open anywhere. After CAREFUL inspection I see market depth information etc. and Iâm willing to bet that the platform showing on most screens is probably TradeStation??? LOL!!! Nice desk though.
leandar: youâre trying to double an account every five minutes and you donât know what an opening gap is??? So where do I go to from here??? Tell you that âtoo much informationâ is as dangerous as âtoo little informationâ or what??? LOL!!!
Well a BRIEF explanation is this:
EUR/USD closed at around 1.3042 (BID price and may differ by one or two pips between brokers) at the close of trading last night (Friday night). According to that site (link): itâs currently trading at 1.3039. Alright: thatâs not a lot right NOW Iâll give you that. But keep monitoring the rate until just before the open of trading (I donât know if this applies to ALL brokers but I know Deltastock only opens for trading at midnight, GMT+2, on Tuesday, 27 December). Letâs just say that applies âacross the boardâ i.e. to the entire Spot FOREX market (actually I should check this over the weekend anyway). Letâs just say that just before that time the price on that site (link) is 1.3000. That means that the moment trading opens there will be gap DOWN of -42 pips. WITH EQUITIES AND COMMODITIES ANYWAY: this happens EVERY DAY (a gap UP or a gap DOWN). Because Spot FOREX is traded 24/7 (or 24/5 i.e. you âget the pictureâ) you donât get opening gaps everyday but only on weekends (alright: not true for some exotic currencies but Iâll keep this simple and stick with EUR/USD). So using my example: thereâs two ways to trade the opening gap. The moment price gaps down when trading opens (and believe me youâve got to be fast) you would, in this case, BUY EUR/USD and HOPE that the gap closes. In other words: you simply BUY at market and your TP is the low of the close of last Friday. Your stop should, as always, be only risking 2% of your account. The other way of trading an opening gap is to wait for the gap to close, then, in this case, go short immediately when that happens, and either trail a profitable stop or set your TP to the size of what WAS the opening gap.
In EQUITIES, FUTURES, AND COMMODITIES trading the DAILY opening gap is, in some circles, know as âthe highest probability trade of the dayâ. Some traders make a living from trading ONLY the opening gaps (and no they donât double their accounts everyday). Thatâs it. âA trade a dayâ type of thing. BUT: âall gaps are not created equalâ.
If youâre REALLY interested in this there are E-books available on my forums for download that detail different trading systems for trading opening gaps, what gaps are, why they happen, and why ânot all gaps are created equalâ. Take a look at John F. Carterâs âMastering The Tradeâ and âStreet Smartsâ by Laurence (Larry) A. Connors and Linda Bradford Raschke (and I have another system lying around here somewhere that Iâll upload if I can find it).
But NOTE: HOW WELL this works on Spot FOREX I have no idea. Iâve seen one or two threads around here where some âlive and dieâ by it while others say itâs nonsense. I donât know because as you should KNOW BY NOW: Spot FOREX isnât my âthingâ!!! Does gap trading work on Equities, Futures, and Commodities??? HELL YEH!!!
Regards,
Dale.
Edit:
Hey Oliver1968. Sorry: we were âovertypingâ or âoveransweringâ each other hence my post above which may appear âout of contextâ after your reply. LOL!!!
Haha, very perceptive ⌠I didnt even pay attention to the software on the screens, lol.
Iâll take some time to look for a proper 6-screen setup ⌠that will look cooler.
Good afternoon folks!
Well, the EU is with their organization structure an oligarchy and no democracy and I do not like that. So I like your new avatar better, Oliver. 
Here is by the way some underground information in DE which I find useful:
GoldSeiten.de | Das Portal f�r Edelmetalle, Rohstoffe und Minengesellschaften |
Tho, just in German. Sorry you other folks. Maybe you can use babelfish or something to translate it.
Regarding vola between the years Iâd also say, wait for a surprise. NOTHING is certain in this business.
Regarding the myth everything is okay with a 800x600 pix screen on your lap and trading, Iâd also go with those who have more screens. I have to switch a lot here if I make my analysis and the more screens I had the less I had to switch between timeframes and instruments. So, 6 screens would do nicely! I mean, my bots trade without any chart, but for analysis from my side it would be nice.
Yeah ⌠and also, it looks cool, and gets you into the right frame of mind for trading.
4-6 screens and a nice large TV will do nicely.
50 days later I am still waiting to see 2.74 become 274 USD.
Nah, please no tv aka brainwasher for me, lol. I mean in DE itâs even worse than in the US where you donât have to pay for it and a lot more choices. 
The issue with the tv is itâs just one way and itâs filtered as well. You will see nothing what is not filtered by liberals particular in DE. Another thing is if you use satellite receivers, but even then itâs filtered and one way. I prefer the internet where we have two way communications and I am much more interested in opinions from individuals than those of tv brainwashers, lol. Plus then for movies I can use my monitors and computer anyways.
I mean, just 2 hours of tv consumption every day adds to a waste of lifetime of more than 10%. 24 hours a day subtracted by 8 hours sleep aka 16 hours left. So, if a man lives say for instance 80 years then he wasted more than 8 years watching the brainwashers program how to take the best path for walking into the slaughterhouse for sheeples, lol.
So then you probably have to wait another 50000 days, lol.
Well think of it this way: at least you were not âholding your breathâ!!! LOL!!!
Regards,
Dale.
Same goes for newspapers btw. I am often more interested in reading the individual comments about a particular article than the article itself.