Replies to post #2485 on FOREX TRADERS

[Ataglance2]

[US STOCKS] The major index futures point to modest follow-up gains to Monday's heavy volume-backed rally. Investors are hopeful that the Fed is close to ending its tightening cycle while Q1 earnings season is coming in rather strong although record high oil remains a concern going forward. The data flow today saw jobless claims edge down but partly due to adjustment problems with Good Friday holiday. Investors will also get an update on regional factory activity in the Philly Fed PMI. Meanwhile, oil prices and metals remain hot, with the June contract pushing closer to $64 on concerns over Iran nuke plans and limited spar output capacity. High fuel costs along with other pricey commodities pose a threat to profit-margins in non-material sectors, esp. consumer-related.

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Thats kinda the style I am trying.
A pair with lots of volume in London hours and of course chances off opposite divergence.

I havent tried this yet but will tomorrow, just on the demo A/C but something like a 'straddle'.
Is that a known trading tactic in Forex.

Trying to get an idea of entry is the difficulty.

But going with the trend is the no brainer.
(Spotting the trend change is not LOL)

Down $400 today because I couldn't find the right button to exit LOL
Had to use FXCM, I couldn't get set up on GFT for the moment.