Tugboats wrote: » Ive spent this year working on getting more precise entries. For FX i rarely have a stop wider than 15. I had a 12pip stop on cable this morning. If you can work on tightening you will be amazed at the results
Fizman wrote: » Yeah I guess it depends on stake size too to an extent, and where it all fits into an individuals trading maths and risk management. Out of interest, do you have a typical target in terms of Risk Reward ratio? E.g. for your 12 pip SL, would you have a defined target limit of 12, 24 etc? Have you adjusted your stake size since you've tightened your positions?
ixus wrote: » Full time, it's the job. Futures trader, i've posted on this before. I cover anything that moves really, equity indexes, commodities and bonds. Not into fx really.
Fizman wrote: » Only trading a live account for 4 months now so still a very green amateur but happy with how I've performed so far and really enjoying it. Current trading plan matches up to the time I can give to the market, so DAX in the am (fade was working nicely before Greece came along), also trade on EUR/USD as a secondary product, and Gold is my current 'strategic' product. I'd refer to charts for pretty much most trades, but don't specifically trade off of TA. I've found TA more useful to convince me that this isn't a good idea to trade as opposed to specifically open a trade just because the TA gave me the green light. Typically refer to pivot points, and a fan of Bollinger Bands, Williams. More recently beginning to have a look at Stochastic and MACD but early days there. Probably stick with 3 way combo of pivot/Boll/Williams for now. Sold Eur/Usd today @ 109.80 (resistance), 40 point SL, 80 point target.
dasdog wrote: » Amateur mostly short term or intra day with fx, jumped in the deep end eight months ago. Layman's share dealing prior to that. Use others technical's and my own macro ideas. Only very recently found a use for Twitter. Today: Jumped in on EUR/CAD 1.4266 just after EUR CPI at 10am. Not expecting Canada's May GDP to be good (Michael O'Neil based there on trading floor has going on about it all week). Syriza squabble is a potential threat so stop in place just above open. EDITNot sure what to do with this one. It peaked around 1.445 @ 188 pips but the aggressive sell of you'll see in the EUR/USD charts occurred. Fundamentals however are not sound for Canada with a rate cut prospective, election in Oct (socialists in front last time I looked) and crude oil being one of their main exports. Recent EUR/CAD July 27th peak was the highest since early February. I like the look of the curve and stop moved up, trade currently @ 115 pips. A Shanghai Composite collapse on Sunday would be nice.
For ever odd wrote: » [/B] You have let it retrace over 30% and you are not sure what to do. Trade plan?
dasdog wrote: » Yes, I expected that and decided not to grab a quick profit, 113 at market close. Negative US data and any trouble in China will boost this. The Canadian Parliament was dissolved this morning. Prospects don't look good for CAD. Going to hold on to this if it survives the week as it has a lot of potential but I'll update the thread if I close.
For ever odd wrote: » Steve Nison is the kiddy you want to be reading. You can add in indicators after if you need to.
jpboard1 wrote: » Steve nison?
jpboard1 wrote: » I am interested in any tips/material for short term trading. I have got a decent handle on long term and fundamentals. Just want to improve short term execution.
jpboard1 wrote: » I really think we are going to see the dollar weaken in the medium term. I am long eur/usd & long eur/jpy
Tugboats wrote: » Was watching it but didnt see an entry. Continue to fire blanks this week had an order to short Euro this morning at 109.49 but sold off just before getting there:(
For ever odd wrote: » Ok, you have the floor. Can you give us a few bullet points why you think that?
arrowloopboy wrote: » Still short light crude since 5995.00 and again 5500.00/5000.00/4800.00,it closed yesterday evening at 4417.00, this one trade has given me nearly 4000 points , which has turned this into one of my best years ever , and has reinforced my belief in medium term trading rather than scalping , enjoy the weekend guys 😀😀😀
For ever odd wrote: » This argument has been presented for over a year now. So what is the fed going to do? The euro is been used as a funding currency by US multi- nationals for corporate debt.
For ever odd wrote: » Its amazing how easy it is, when you find the style that suits you! Well done and enjoy!
jpboard1 wrote: » I really wouldn't ever consider trading easy
