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FX Trading

  • 24-06-2010 1:24am
    #1
    UpAgainToday
    Closed Accounts Posts: 113 ✭✭


    Hey does anyone here trade FX at all? And if so does anyone stay up for the night session our time for the day session in Tokyo?


Comments

  • #2
    MacStacked
    Registered Users, Registered Users 2 Posts: 183 ✭✭MacStacked


    Literally the first hit I got on google for Tokyo night time fx session had the answer..


  • #3
    RoadKillTs
    Closed Accounts Posts: 1,710 ✭✭✭RoadKillTs


    Literally the first hit I got on google for Tokyo night time fx session had the answer..

    I don't think he was asking that :D
    Hey does anyone here trade FX at all? And if so does anyone stay up for the night session our time for the day session in Tokyo?

    Yes and No. There is enough action during the day here to keep me busy.


  • #4
    MacStacked
    Registered Users, Registered Users 2 Posts: 183 ✭✭MacStacked


    RoadKillTs wrote: »
    I don't think he was asking that :D



    Yes and No. There is enough action during the day here to keep me busy.

    Ha ha.. Don't know what I was reading..sorry.

    To answer op.. no not right now.

    What platform are you using to connect, and whats the cost?


  • #5
    RoadKillTs
    Closed Accounts Posts: 1,710 ✭✭✭RoadKillTs


    What platform are you using to connect, and whats the cost?

    Hi,

    I'm still on a demo acc with Oanda.
    Their spreads are very good. .9 of a pip for EUR/USD. Their charting software is crap though so I usually use MT4 for charts.

    Are you just learning yourself?
    I have some good ebooks if you want.


  • #6
    UpAgainToday
    Closed Accounts Posts: 113 ✭✭UpAgainToday


    RoadKillTs wrote: »
    I don't think he was asking that :D



    Yes and No. There is enough action during the day here to keep me busy.

    Main currency pairs you trade? Are you heavily fundamental analysis on euro by any chance?


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  • #7
    UpAgainToday
    Closed Accounts Posts: 113 ✭✭UpAgainToday


    MacStacked wrote: »
    Ha ha.. Don't know what I was reading..sorry.

    To answer op.. no not right now.

    What platform are you using to connect, and whats the cost?

    The cost in FX is just the spread - are you asking what the spreads are like?

    Oh right now im just using gft (kinda crappy but you get a free broker basically) but when I go back working I just use the banks structured one - a lot different but gft is easier to understand :)


  • #8
    RoadKillTs
    Closed Accounts Posts: 1,710 ✭✭✭RoadKillTs


    Main currency pairs you trade? Are you heavily fundamental analysis on euro by any chance?

    Just EUR/USD for the moment. Yes probably too heavy :)

    What do you trade?


  • #9
    UpAgainToday
    Closed Accounts Posts: 113 ✭✭UpAgainToday


    RoadKillTs wrote: »
    Just EUR/USD for the moment. Yes probably too heavy :)

    What do you trade?

    USD/JPY
    USD/CHF

    Mainly JPY though - I was trending EUR for the past month MY GOD its annoying


  • #10
    RoadKillTs
    Closed Accounts Posts: 1,710 ✭✭✭RoadKillTs


    Mainly JPY though - I was trending EUR for the past month MY GOD its annoying

    Why do you say that? It was a bit boring this week allright after last weeks retracement.


  • #11
    UpAgainToday
    Closed Accounts Posts: 113 ✭✭UpAgainToday


    RoadKillTs wrote: »
    Why do you say that? It was a bit boring this week allright after last weeks retracement.

    I mean its annoying in that I cant figure out a stable enough trend analysis for the amount of risk I want to take on - so I just look at the charts and grind my teeth :) Because there is no way I could realistically fit in fundamental on EUR aswell so I was just trying to be greedy :)


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  • #12
    Bullish
    Registered Users, Registered Users 2 Posts: 535 ✭✭✭Bullish


    Isnt that the hardest part of trading ... Knowing when to sit on your hands and stay on the side lines until the trade comes to you


  • #13
    RoadKillTs
    Closed Accounts Posts: 1,710 ✭✭✭RoadKillTs


    I mean its annoying in that I cant figure out a stable enough trend analysis for the amount of risk I want to take on - so I just look at the charts and grind my teeth Because there is no way I could realistically fit in fundamental on EUR aswell so I was just trying to be greedy

    You must be taking on a lot of risk then :D I think the trend analysis is prity easy.
    Its controlling your emotions and sticking to your plan that is difficulty. For me anyways.

    What time frames are you trading? I only look at 15m TF for signal and 1 hr / 4hr for trend direction so most my analysis is technical.


  • #14
    UpAgainToday
    Closed Accounts Posts: 113 ✭✭UpAgainToday


    Bullish wrote: »
    Isnt that the hardest part of trading ... Knowing when to sit on your hands and stay on the side lines until the trade comes to you

    Yeah it is sorry what I meant was I cant figure out a technical analysis pip point pattern to even have any idea of where to get in on the EUR let alone where to sell it - JPY is alot easier since ive more fundamental on that - ah well cant have em all


  • #15
    Bullish
    Registered Users, Registered Users 2 Posts: 535 ✭✭✭Bullish


    I don't trade Forex thank god ... I would never get to sleep, 24 hour trading ;)
    But i do throw my eye over EUR/USD the odd time for a tell on Euro stocks trading in the US like NBG ect.
    Is the rally at the min just short covering or do you guys see it going lower longer term. From the charts i would say that parity is a higher probability than the euro rallying


  • #16
    Chrysostomos
    Closed Accounts Posts: 48 ✭Chrysostomos


    UpAgainToday wrote: »
    Hey does anyone here trade FX at all? And if so does anyone stay up for the night session our time for the day session in Tokyo?

    Someone interested in real trading around these parts, this is new.

    Full time trader here, mostly forex but also E-minis, stocks gold yadda yadda.

    I never stay up at night for Tokyo though, it's hard enough having to trail stops from earlier intraday trading into Tokyo session without trading the session itself heh. Although when the "financial crisis" was starting to kick off there was just so much action I was trading the ninja session also, just insane volatility.

    UpAgainToday are you looking at the correlation between the DOW and JPY pairs and trading off that or why the preference for the yen crosses ?


  • #17
    UpAgainToday
    Closed Accounts Posts: 113 ✭✭UpAgainToday


    RoadKillTs wrote: »
    You must be taking on a lot of risk then :D I think the trend analysis is prity easy.
    Its controlling your emotions and sticking to your plan that is difficulty. For me anyways.

    What time frames are you trading? I only look at 15m TF for signal and 1 hr / 4hr for trend direction so most my analysis is technical.

    I thought you said you were heavily fundamental analysis? Anyway I only trade on the 1m usually - thats why I dont trade EUR since I cant get the technical spot on since I need to enter bottom 10% since if it starts horizontolling 3/5 im gonna have my broker looking for more $$$ which i dont like :P


  • #18
    UpAgainToday
    Closed Accounts Posts: 113 ✭✭UpAgainToday


    Chrysostomos wrote: »
    Someone interested in real trading around these parts, this is new.

    Full time trader here, mostly forex but also E-minis, stocks gold yadda yadda.

    I never stay up at night for Tokyo though, it's hard enough having to trail stops from earlier intraday trading into Tokyo session without trading the session itself heh. Although when the "financial crisis" was starting to kick off there was just so much action I was trading the ninja session also, just insane volatility.

    UpAgainToday are you looking at the correlation between the DOW and JPY pairs and trading off that or why the preference for the yen crosses ?

    Bingo - you feel the same about Tokyo the way I feel about the London sessions :P

    Nikkei 225 can really kick off sh*t during sessions :P

    The only reason I trade yen is my first day in the fx of the investment bank the head trader of the desk traded it and used to make me get him food and in return he used to teach me one thing everyday haha :)


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