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Looking for idea's on good FX broker? who is everyone using.. How about 4XP?
Currently using Zecco, not bad but looking for more
hello steve
yes I saw that good read
I still have support at 26.90 and a big one at 25.00
we will see
Everything less the than HOURLY is (currently) in a LONG.
3HR is a NO TRADE.
DAILY still in SHORT.
Given that the EUR is gaining momentum and the CHF as well, I'd say XAG has a pullback to the north side coming.
Spread is typically too high for my taste on Sunday, though.
I could add a bulletin board.
Between the forum and the chat room I wasn't sure how much the bulletin board would get utilised.
Guess I could throw it out there as an option and see what everyone thinks.
It fairly straightforward to set up.
By the way, have you looked into getting a vbulletin setup?
Awesome man! Live chat sounds like a great idea. Shoot me over the password.
James Turk - Silver in Backwardation, Set to Explode
James Turk - Gold & Silver to Take Off Despite Weakness
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.html
still ... some indecision - up or down?
I added a chat room and educational gallery page to FxBeaker this week.
You guys are welcome to check it out. The education gallery is password protected to protect bandwidth usage.
Let me know if you want the password (PM me through the site) and I'll shoot it over to you.
I can't respond to PM here, BTW.
Hopefully you all had a good week. I know you're all rooting for the Packers tomorrow, with the exception of giant! ;)
Well, just to update, made nice gains today on my EUR/JPY, EUR/USD, and GBP/USD LONGs.
AUD/USD failed to trigger SHORT overnight, but momentum is still to the downside. If any of the confirmation indicators trip back, I'll cancel the entry order and wait.
USD/CHF seems to be stuck in a limbo state. No trade seems to be developing either way.
Gold and Silver....wow. Nice DAILY SHORTs, huh?
Try http://174.120.1.98/~fxbeaker/index.php loniee and see if that works for you.
can not from fla either
That will come with experience. I'm sure you have heard this millions of times, but you cannot let emotions get to you in this game. They will ruin you and your account value. Keep trading, develop confidence in a tested system, and you will begin to have more faith in your judgement.
i like the london market
yea thats 4.00 am est
but if this market cools down and stays in a long trend
i can go back to just checking in on the trades
this fall xag got hot and was all over the place
so i went to day trading it
but last year this time I would have a trade in for days at a time
if you need help ask
will try
this way i banked it
when i see a trade i will jump back in
fridays can be a little funny sometimes
so now i can sit it out or jump in and play it
I was up around 10% and lost it all in one trade,I keep second guessing myself and missing the runs. I'm still playing with the charts and practice trading.
What times do you trade? Since my accident I've been sleeping late, so I'm missing NY open.
The G5 is the best computer I have ever owned; and I've owned a lot as my wife would attest with a bit of frustration. Even at it's age (late 2005), it's still up there with a new PC. It's definitely my baby as it's a classic in form. It really is just a work of art.
Mine has the dual 2Ghz processors and 4Gb ram with a 256Mb video card and built in Airport.
I can't say enough to the quality of the build and the stability of OS X.
I would definitely buy my G5 again. I've thought that once it's life is near over, I'd like to buy a PowerMac myself. Just the quad model. The (8) core is a bit much.
But with the performance my G5 gives me, it may be many years till it's unable to keep up with what I ask it.
It's primarily a video server and trading station and it handles both tasks effortlessly.
I'm not a Mac fanatic, though I've owned a lot of Macs. I like using Ubuntu as well and my wife and daughters also use Ubuntu. But the G5 is the creme de'la creme.
Thanks for info, do you still like your G5, would you buy it again? I'm going to buy a trading comp. and want a Mac Pro but still weighing all my options.
Probably a good choice. Seems like the market has lost interest for today.
From the DAILY charts, it sure does look to have more room to run to the bottom. Of course, that can change within a few hours, but if you place an entry at the bottom of the day and it strikes, then your likely to enjoy another day of profit.
The GBP/USD retarced hard this morning, but since has recovered to a large degree.
USD/CHF has continued to fail to confirm a LONG, so that may help the XAU/XAG shorts.
closed out my shorts for now
29.52
well for one i can see the move coming (most times )
two I find that % wize the moves to be good
It took me a long time to get comfortable with trading silver
did you see that move today ? wow
I started out with gbp/usd and eur/usd
everone needs to find the pair they like
get to know the way that pair moves and trades
right now sliver has been for me
so how are you doing ?
have you set your charts ?
are you trading ?
Really, the biggest advantage is the use of automated trading experts. You do have a wider array of available indicators on MT4, BUT CAUTION SHOULD BE HEADED as these "custom" indicators are coded based on techinical conditions typically by people who, themselves, are not very good traders.
If you look at the classic indicators: Bollinger Bands, MACD, Awesome Oscillator, Keltner Channel, Stochastics, etc., these were developed over many years by VERY intelligent men who studied the market and applied mathmatics to plot the movement of price over time.
These guys didn't just sit in their mom's basement coding a cool new indicator in mq4 and sell it on ebay for $10 a pop.
In the same breath, 99.999% of the trading "experts" are pure junk. There are some that do make money, but you won't get them.
The classical indicators offered on Oanda are, at least in my opinion, still the standard among traders with proven track records over many years. Viewing the market from different angles, and confirming entrys through sound technical analysis.
(stepping down from soapbox)
No doubt that bringing MT4 to Oanda is going to increase it's clientel, but you won't gain an advantage by using it Vs. FxTrade.
Why do you like trading Silver over other pairs?
What are the advantages of using MT4 over another one like Oanda, I'm also a Mac. user.
Do you have a PPC Mac like mine, or a Intel based Mac?
Good stuff Kiwi. Thanks for this. Very insightful.
I've been short in XAG since the retest of old trendline support as resistance last week. Up quite a bit at the moment.
As long as you dedicate enough base memory to the vitrtual os, it runs fine.
I could pull up XP full screen on my Ubuntu laptop and you wouldn't be able to tell it's a virtual emulation.
My latop is just a 1.7 dual core Acer with 2 Gb memory and a decent video card. It's not a high end latop by any means. I bought it used off ebay for $195 and added another 1Gb of memory for another $35.
The key is that I only use it for MT4, so I don't have the firewall enabled and no antivirus.
Interesting. I may check out those programs. Do you find it runs well?
someone hit a pole and my internet is off and on
but yes i see some support at 26.90 (may bounce ) and a big support at 25.00 we will see
by the way thank you for the oanda news over the weekend plan on getting that running
love new toys to play with
Both Gold and Silver are in a confirmed DAILY SHORT. Should be a good trade!
Entered EUR/JPY LONG from 111.01
All the indicators are lined up and momentum is building to the north side.
200 point SL, 116.01 TP (initial).
Latest Trading Diary
Dollar breaks support - By Colin Twiggs
January 19, 2011 10:00 p.m. ET (2:00 p:m AEDT)
http://www.incrediblecharts.com/tradingdiary/trading_diary.php
seems you dont have it set up in the right folder on your server..
you should have your php in a folder called chat or something..then a link to the index page of your board..
so the end result look something like this
http://fxbeaker.com/whateveryourindexis
;)
Actually, I run a Mac G5 myself. All the laptops we have in the house are all running Ubuntu. I don't have Windows myself.
I can run XP under Ubuntu through VirtualBox, which is how I have IBFX MT4 installed.
I think it's awesome that Oanda has picked up MT4, but I probably will continue to run it under Ubuntu....or stick with FXTrade.
Nice! So psyched about this. Getting a new computer set-up next week. I currently run a mac, so cannot use programs like MT4. Excited to make the change!
Here is the forum link to download Oanda's MT4 for practice accounts:
http://fxtrade.oanda.com/community/fxmessage/ultimatebb.cgi?ubb=get_topic;f=17;t=005687
gm
the dollar falling is going lower than i thought
xag at 29.40 now watching 29.47 and then 29.83
we will see if it gets there
Well, my long awaited STOP out on the AUD/USD occured last night. So a -200 points.
Meanwhile, in happier meadows, the GBP/USD LONG is still holding and the EUR/USD has moved and TRIPLE confirmed a LONG entry. I have a LIMIT ENTRY waiting to execute at the high of the day, 1.3505.
The EUR/JPY and EUR/CHF are close. AUD/USD and CHF/USD are still too far out to consider rigtht now.
Anywho....good morning.
wow. I really screwed that post up. I tried to add the URL into the name. That seemed to backfire.
The domain name http://www.fxbeaker.com is actually pointing to
http://174.120.1.98/~fxbeaker/index.php
For some reason, even after a week of setting the DNS information for the domain, the access is still spotty, so pointing to the server IP is my work around.
I could try resetting the DNS information altogether, but I think I'll wait till Friday.
Back to FX, if you guys haven't heard yet, Oanda is adapting MT4 along with FXTrade!
I can no longer access it. Take a look at the link. It looks funky to me. Are you sure that is the correct address?
Oregon can - Traceroute
When I enter fxbeaker.com in the browser the connection is made but now the browser line shows;
http://174.120.1.98/~fxbeaker/index.php
Below is the traceroute from my home to your site.
Hope this helps,
Gustave
Here is the traceroute
1 Wireless_Broadband_Router.home (192.168.1.1) 0.320 ms 0.351 ms 0.332 ms
2 L100.PTLDOR-VFTTP-24.verizon-gni.net (98.108.149.1) 8.848 ms 10.936 ms 10.940 ms
3 184.19.244.42 (184.19.244.42) 10.994 ms 11.011 ms 12.893 ms
4 so-7-3-0-0.SEA01-BB-RTR1.verizon-gni.net (108.57.128.160) 15.911 ms 18.031 ms 20.953 ms
5 0.so-0-3-0.XT1.SEA7.ALTER.NET (152.63.105.169) 20.976 ms 20.982 ms 21.072 ms
6 0.so-2-0-0.XT1.SEA1.ALTER.NET (152.63.104.225) 22.945 ms 84.168 ms 14.677 ms
7 POS6-0.BR2.SEA1.ALTER.NET (152.63.106.1) 16.636 ms 14.488 ms 16.470 ms
8 oc48-7-1.car4.seattle1.level3.net (4.68.63.229) 16.558 ms 16.580 ms 18.469 ms
9 ae-32-52.ebr2.Seattle1.Level3.net (4.68.105.62) 18.523 ms 24.531 ms 26.473 ms
10 ae-2-2.ebr2.Denver1.Level3.net (4.69.132.54) 64.403 ms 66.546 ms 66.576 ms
11 ae-3-3.ebr1.Chicago2.Level3.net (4.69.132.62) 76.056 ms 76.133 ms 76.157 ms
12 ae-6-6.ebr1.Chicago1.Level3.net (4.69.140.189) 71.247 ms 73.332 ms 66.776 ms
13 ae-11-55.car1.Chicago1.Level3.net (4.68.101.130) 71.683 ms ae-11-51.car1.Chicago1.Level3.net (4.68.101.2) 68.785 ms ae-11-55.car1.Chicago1.Level3.net (4.68.101.130) 73.622 ms
14 HOSTWAY-COR.car1.Chicago1.Level3.net (4.79.208.26) 75.754 ms 75.808 ms 74.158 ms
15 lfw112.chi.us.siteprotect.com (66.113.128.205) 69.635 ms 71.918 ms 71.967 ms
16 hwforwardv01.siteprotect.com (66.113.136.119) 74.101 ms 74.115 ms 74.119 ms
Yep, you got it working in NY. The "Technical Trading Think Tank"
Congrats on getting it working, I'll check it out.
Can't from Alaska...
Appreciate it, guys.
Would you mind trying one more time for me.
I tried something different; I forwarded the domain name to the raw server address and it seems to be working.
Let me know when you can.
Thanks again for the help.
no fxbeaker.com in New York
i can not in NJ
Im not the one to ask for help in that field sorry
I need a bit of help from you guys.
I've set up a domain but am having issues with certain DNS servers not forwarding properly.
Can you guys try to access http://www.fxbeaker.com" rel="nofollow" target="_blank" >http://www.fxbeaker.comand let me know:
(1) whether you can access it
(2) what country and/or state your in
I can access it here in Indiana, and I know it can be accessed in Florida and Germany, but a friend in Minnesota cannot and I think Giant was having issues in Cali.
Any help woule be appreciated.
Still LONG GBP/USD.
Still SHORT AUD/USD, though my confidence in this trade is somewhat lacking after several days of stagnant movement.
Watching for one of the EUR's to develop, i.e. EUR/CHF, EUR/JPY, or EUR/USD. They are all in the same NO TRADE pattern on the DAILY.
CHF/USD is looking to develop soon.
Both XAG and XAU are in a SHORT DAILY pattern.
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~THE FOREX LAB~
If you've ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet (if you're a dude) or purse (if you're a lady) or man purse (if you're a metrosexual) into the currency of the country you are visiting.
You go up to the counter and notice a screen displaying different exchange rates for different currencies. You find "Japanese yen" and think to yourself, "WOW! My one dollar is worth 100 yen?! And I have ten dollars! I'm going to be rich!!!" (This excitement is quickly killed when you stop by a shop in the airport afterwards to buy a can of soda and, all of a sudden, half your money is gone.)
When you do this, you've essentially participated in the forex market! You've exchanged one currency for another. Or in forex trading terms, assuming you're an American visiting Japan, you've sold dollars and bought yen.
Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed. It's these changes in the exchanges rates that allow you to make money in the foreign exchange market.
The foreign exchange market, which is usually known as "forex" or "FX," is the largest financial market in the world. Compared to the measly $74 billion a day volume of the New York Stock Exchange, the foreign exchange market looks absolutely ginormous with its $4 TRILLION a day trade volume. Forex rocks our socks!
There are many benefits and advantages of trading forex. Here are just a few reasons why so many people are choosing this market:
No clearing fees, no exchange fees, no government fees, no brokerage fees. Most retail brokers are compensated for their services through something called the "bid-ask spread".
Spot currency trading eliminates the middlemen and allows you to trade directly with the market responsible for the pricing on a particular currency pair.
In the futures markets, lot or contract sizes are determined by the exchanges. A standard-size contract for silver futures is 5,000 ounces. In spot forex, you determine your own lot, or position size. This allows traders to participate with accounts as small as $25 (although we'll explain later why a $25 account is a bad idea).
The retail transaction cost (the bid/ask spread) is typically less than 0.1% under normal market conditions. At larger dealers, the spread could be as low as 0.07%. Of course this depends on your leverage and all will be explained later.
There is no waiting for the opening bell. From the Monday morning opening in Australia to the afternoon close in New York, the forex market never sleeps. This is awesome for those who want to trade on a part-time basis, because you can choose when you want to trade: morning, noon, night, during breakfast, or in your sleep.
The foreign exchange market is so huge and has so many participants that no single entity (not even a central bank or the mighty Chuck Norris himself) can control the market price for an extended period of time.
Jumping into Forex can be a bit overwhelming at first. It seems everyone is trying to market the "Holy Trading Grail" that is guaranteed to lock in profits, beach houses in the caribbean, and a few Lambo's in your driveway. The truth- don't get your hopes up. Like anything, learning Forex takes time. Becoming a profitable trader takes more time. Making enough money to quit your day job takes more time. Don't jump into this market expecting to become rich in a few years. Set your expectations at a reasonable level, and work up from there.
Step 1- Technical Analysis
Technical analysis is simply the analysis of past price changes in the hope of forecasting future price changes. These past price changes are forecasted onto charts. These charts are then analyzed by traders, each in their own style. There is NO right way of charting. If there was a surefire way to do it, then quite simply, everyone WOULD be doing it. You must develop a technique that works for you. It takes time. It takes patience. But in the end, it can pay off, very well. Below are several educational links that I have found to be most helpful in learning how to use technical analysis. It can be overwhelming at first, so take a few deep breaths. Get ready to put in a lot of effort and study hard. You are on the path to learning a new language. Remember that you must develop a style that works for you. Get creative, KEEP IT SIMPLE, and remember that if it sounds too good to be true, it probably is.
http://stockcharts.com/help/doku.php?id=chart_school
Step 2- Demo Accounts
I recommend that EVERYONE start trading with a demo account. A demo account allows you to learn the market without risking your own capital. Forex is brutal. You do not want to be getting margin calls your first week of trading because you thought you were smarter than the system. You are not. A demo account will give you virtual money in which you can trade with and develop a sound strategy for becoming a profitable trader. I recommend trading with a demo account for AT LEAST a month, before throwing your own money in. Study your successes and failures. Learn from your mistakes! Below are the brokers I recommend for both demo and cash accounts.
Step 3- Cash Accounts
So, you've learned how to use a chart, you've developed a profitable trading strategy with virtual money, and now you think your the next Gordon Gekko. Whoops. Not yet pal. AFTER you have done both of these things, it is time to put some real cash on the table. You will soon find out that trading with your own money tends to be slightly more nerve-wrecking than throwing $50,000 worth of virtual money into XAG. You will find yourself becoming much more picky in your entries. At least I hope so. This is why a demo account is so important. You NEED to have confidence in a technique you have developed. Without this confidence, you will be second guessing your decisions, wearing extra strength deodorant during your trading sessions, and before you know it your account balance will read a big fat ZERO. You cannot let emotions interfere with your technique. Greed, anger, fear, despair, hope, all of these will leave you bankrupt before you can say "Son of a Bi***". You need to become a machine and conquer your emotional impulses. This is what separates the successful traders from the failures. Do not start out with a six-figure account balance. I would not invest more than 5k into your first forex account. Take it SLOW. Small gains add up into large lump sums over time. If in a year you have a finely tuned system that has been consistently profitable, you can invest more of your capital. But start out slow with an amount that will not affect your life if you lose it all (which you probably will end up doing). Good luck!
The Most Liquid Currency Pairs
USD/CAD | EUR/JPY |
EUR/USD | EUR/CHF |
USD/CHF | EUR/GBP |
GBP/USD | AUD/CAD |
NZD/USD | GBP/CHF |
AUD/USD | GBP/JPY |
USD/JPY | CHF/JPY |
EUR/CAD | AUD/JPY |
EUR/AUD | AUD/NZD |
Notice how they are essentially an inverse of one another.
www.learntotradethemarket.com/forex-trading-strategies/inside-bar-forex-strateg/
www.learntotradethemarket.com/forex-trading-strategies/pin-bars-forex-trading-definition/
www.forextofreedom.com/pin-bar-candlestick-reversal-pattern/
investorshub.advfn.com/boards/read_msg.aspx
investorshub.advfn.com/boards/read_msg.aspx
www.stock-charts-made-easy.com/fibonacci-confluence.html
www.trading-naked.com/Confluence.htm
www.tradejuice.com/forex/pivot-point-trading-mm.htm
www.actionforex.com/markets/pivot-points/standard-pivot-points-2010040848154/
www.investopedia.com/articles/forex/07/pivotpointstrategy.asp
investorshub.advfn.com/boards/read_msg.aspx
"To be a successful trader you need to trade without fear. When you use fear as a resource to limit yourself, you will create the very conditions you are trying to avoid. Or to say this another way, you will experience your fears." Mark Douglass
The Psychology of Trading
www.traderslog.com/trading-psychology/
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