I literally went to buy @ the market then @ 1.3414 and kept getting re-quoted only tosee the price shoot to 1.3450, that’s day over I think. No coming back.
I think the Fiber’s possessed! 46pip jump with no news! Lol!
Divergence everywhere, hanging on to my Cable short…
I thought it was a new pattern he was trading :32:
You mean like this girl :8:
I got in at 1.3418 I’ve taken first profit at 1.3452
News was ECB announcement of LTRO early repayment in excess of what was expected (cash loaned to Europes bust banks!). Dont know how many of you guys use a news feed (or if its possible if you’re at work ) but I find it a great aid to short term moves and adds massivley to how I trade using ICT methods.
Good man, you use the 79% retracement. I had to nip out with work but I put the laptop as I got in and couldn’t resist taking a pinch, just a shame I didn’t get filled as price was moving to quick.
I’d imagine we will hit them old highs today from February so may be a good scalp available there?? Never know may be a NYO entry up to that level. Who knows??
Yeah, the old high around 1.3485 is not far away now! Do you think price will break through that level…? The overall marketstructure of the fiber still looks very bullish to me.
What you using? I know CityIndex have a squawk box but there charting sucks so I’m back at Alpari, I should never have tried anyone else to be honest. There pretty solid, apart from no USDX feed.
I’m not sure, I would expect a bounce either way with it being such an old high but that’s the game I suppose. It could blow straight through. I’d only have a small position like 0.5% on it anyway, that’s all I was going with for the Fiber long.
crazy fiber.
so i missed the morning entry, then for ever tried to get into a decent short, five times didn’t work, then i do a close and reverse and the thing shoots up 40 points in 20 seconds. What a gift, took half off right away, and keep the rest, looks like more upward on the way
Talking-Forex.com. Its about £20 pm - well worth it in my view - or you can get it free using Capital Spreads who I use as a seconadary broker (Dukascopy main one). CS is pretty good, never had a problem of any sort with them in the past 2 years but I dont use their charting, use them purely for exceution. I use GKFX for charting - again pretty good in my view.
Thanks, I’ll take a peak at those. I don’t mind a few quid here and there, it all helps…
I thought about Dukascopy as my main broker, any issues? My main account was with GFT, which in the US is now Gain. I opened an account with TD that I plan to use pretty seriously. Interested in anything you have to say about Dukas - other than I assume you’re pleased as they are your main account.
It took me a bit of time to get used to the commission structure which depends on the size of your capital / equity / trade volume profile but aprt from that no problems. They are ECN and their spreads are very competitive (right now quoting me 0.3 on EU) but what you gain on the better spreads you have to make sure your trade sizing and trading style suits the commissions charged. To put that last point simply if you’re a real short term scalper/skimmer and aim for small pip hauls it can be on the expensive side due to the round trip commissions. But if you’re true to ICT methods should be no problem. I like them because they offer great liqudity, you’re in the market on an ECN basis (no dealer laying off as such) and I’ve not had any slippage issues. They also offer capital protection in the event the world banking system goes to hell (which can never happen right :). All that said, they are a pain to set up an account with, (passports etc.) and I’m sure like all brokers there will be others who have found them to be a probelm. Hope that helps a little
Here’s a good FREE resource at NetDania for just about any instrument that can be traded. USDX is a standard option on the entry drop down tab along with all the major pairs. Everything else is under more options. Live feed on all currencies and stocks, charts can be popped out, various tools available in the charting software and you can overlay.
Quite often use it when I don’t have my trading software open because it’s quick and easy to take a peep at things.
Just missed an entry by 2 pips :22:
To get the Asian range indicator as close as possible on Oanda, Start it at 19.00 and finish it at 23.59
Asian range is 0.00 GMT to 5.00 GMT if memory serves and this was the only way I could get it to keep the lines in the correct place.
Here we go again
Short Cable @ 1.58504
15 pip stop
OTE sweet spot
Long & short term bearish divergence.
TWYS
Update, Closed trade, short term Div disappeared… made a few pips out of it…
In hindsight I should have bought my stop to breakeven & let half the position run :5:
Gonna chime in here.
Where do you think EURGBP is reaching for? O_O we must be near a pullback no? :X Maybe it could head up til 0.8600?
This cross can be a difficult one for me to trade, yet I use both currencies every day both in selling and buying and have make judgement calls in the buying of products for up to 6 months ahead.
For me I find it easier to predict medium term ( I would guess 86.50) and also as a great indicator into what is being bought/sold especially at LO. intraday.