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HI Omar, sorry about your GU trade.
How is the weather there? Are you in London?
Are you on live account or demo?? Nice gains either way!!
Thay is great, beware the wild swings, many of us have not attempted to tame the BEAST !!
Wow, hook up on internet and only a few miles apart!!
No Boca, the beast is GBP/JPY
Are you located in Boca? I am in Boynton Beach
LOL daiello, didn't imagine you as a partaker of "HAPPY HOUR"!!
I have to agree but how much will come of his "DREAM"???
You are kidding of course!!!
OK Sherri, thanks, I will see him then, I trade the London session these days too.
No laptop or computer in UK Omar? I couldn't do without!!
Been there, done that!!
Wich one did you violate!! LOL
Whatch out for the China news just recently, re Banks
Thankyou SG, mine have come back up but my indicators have been cleared!!
SG, or anyone else using FXCM. Are your charts loading ok?
Sorry SG, they are SMA's. The COG you have been showing seems to be similar to the SSD I use. Too bad there are so many indicators out there! LOL
Thanks SG,
The charting is the FXCM marketscope charts. By using a demo in conjunction with the live account I can have 3 charts displayed at the same time.
The MA's I use are 4(blu), 12(red), 20(green), 40(purp),100(pink) and 200(Blk). On the short term charts 4 and 12 are very good, longer term I use the 20 and 40.
Guys and Gals, firstly I want to thank everyone here for the many aspects of trading I have learned, secondly I wanted to share with you the setup that has finally given me consistent results over the past couple of months.
My system has remained very basic and simple and does not utilise MT4.
The first pic is a shot of the 4 hour EUR/USD chart. I use this chart for all time frames. Most of my trading is done using 15 and 1 minute charts and add trend lines that I constantly upate through the trading session. These are not shown on the chart.
The second pic is a shot of my trade results for 2010. Year to date my account has increased 26%.
I am still down from the date I started the account (Nov 2008) but am well on my way to recovering what I consider my tuition costs!
Rez, I put my own in, based on ny brokers close time for the 24 hr cycle. I also put horizontal lines in for high and low for that day and divide it by 4 so I can place lines at the 25% marks of the range.
New FXCM update, closed till Sunday.
FXCM is experiencing a technical issue that is causing error messages when clients try to log in.
We are working to resolve the problem as quickly as possible and we thank you for your patience.
FXCM trading will be inaccessible for the remainder of the trading day. Please log into your account
as soon as trading resumes on Sunday at 5:15 est and close out any trades that you intended
to close today at the market rate. If the rate you end up receiving on Sunday is better than you
originally requested on Friday, you certainly keep the additional profit. If it is worse, please log the
details of your trade including your account number, the ticket number, the time and rate that you
originally tried to close and the rate you eventually received when things came back online through
the form at this link. Our audit committee will look into the details of the trade and follow up with
you directly on an appropriate adjustment.
From FXCM......http://www.fxstatus.com/
FXCM trading platform has been down for over 30 mins!
Sherri, that is great news! Now before you start, rethink your statement, "no pressure" and insert "lots of faith".
Pennieis, it's Friday, relax. Set a TP and turn the machine off! LOL
SG, I have to take exception to your comments.
Athough I do believe the measures announced by Obama seem and even perhaps are extreme, the reins of capitolism need to be tightened a little now and then.
Unfortunetly in the USA they were allowed to get too loose and thus the government chose to step in and use taxpayer money to stop the bleeding.
You suggest that this is going toward socialism, may I remind you that your neighbours, north of the border, have a very stable banking system that was not so much a victim of the crash that has engulfed the financial world. This was because Canada has good and stable regulation and is now reguarded in high esteem in the financial world.
I also would point out that Canada has a reasonably good health system that covers all people, not perfect by any means but from experience I can atest that the system only went downhill when "private" insurance was introduced, with the promise of "better" care.
Greed is the number one problem in this world and those that have the power "money" have the most influence, at this time in our lives that is the insurance companies and the pharmacutical companies along with banks that are slowly losing their power.
Omar, I slept late, I guess yesterday by now. I was perplexed by the movement on the Yen crosses but I have to say it did not really affect the EUR so much. Sorry to hear you had losses.
I am now looking at EU and finding my current losses becoming smaller but not a strong enough move to average down yet.
Could it be the China news due in ten mins? A leak or positioning?
Pennies, EU
Damn that was a surprise move down!!
Nice going Omar!!
I closed out my trades too. 4 trades for $93 since 5PM!
Jan goal exceeded!! I really don't know what has happened to me other than having a larger account and small goals!!
I have opened shorts for UCAD and Buys for EU
LOL SG, just re entered @ .9110
SG, I took 16 pips, now I am waiting for next 15 min candle to re enter long
Joined you guys in the AU long @ 9090
Guys, keep an eye on China news tonight, 9PM EST!
ST, where do you get the "market expectations" from??
Playing the short term downtrend on EU, over $500 so far tonite!
Where you from Reznor, 4 AM for me in Florida. Not many people post here this time of day.
Nice going RC
Speculation that the sudden surge in the dollar tied to the congressional election.
Nice treat for me, just banked $300 during that sudden EU drop! That was 5% in that one trade!!