Best forex charts out there today

This is a discussion on Best forex charts out there today within the Forex forums, part of the Markets category; ok, well I'm short gbpusd here 15315, looking to hold for 15110. As daily is extended I will not risk ...

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Old Jan 16, 2012, 10:54am   #33
 
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Re: Best forex charts out there today

TradeTheEasyWay started this thread ok, well I'm short gbpusd here 15315, looking to hold for 15110. As daily is extended I will not risk much capital on this one so stop is at euro session highs - + spread - 15335.

I'm long usdcad from Friday but added this euro session as per my call at the weekend. Spec as posted over the weekend here.

Mike

Last edited by TradeTheEasyWay; Jan 16, 2012 at 11:08am.
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Old Jan 16, 2012, 11:08am   #34
 
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Re: Best forex charts out there today

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Originally Posted by TradeTheEasyWay View Post
ok, well I'm short gbpusd here 15315, looking to hold for 15110

I'm long usdcad from Friday but added this euro session as per my call at the weekend.

Mike
good luck Mike,wheres the stop
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Old Jan 16, 2012, 4:59pm   #35
 
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Re: Best forex charts out there today

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good luck Mike,wheres the stop
Normally get more volume and action than this even when US is away, so late US afternoon put stop to BE +2 for the spread and got stopped out

Mike
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Old Jan 16, 2012, 5:32pm   #36
 
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Re: Best forex charts out there today

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Originally Posted by TradeTheEasyWay View Post
Normally get more volume and action than this even when US is away, so late US afternoon put stop to BE +2 for the spread and got stopped out

Mike
Mike, can you please tell us in advance ,or do you train your clients to have an open stop,thanks.
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Last edited by Lord Flasheart; Jan 16, 2012 at 5:34pm. Reason: error
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Old Jan 16, 2012, 6:23pm   #37
 
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Re: Best forex charts out there today

TradeTheEasyWay started this thread I teach traders the whole process of analysis, trade and account management and trader psychology.
I have developed a checklist to cover all the angles; it took me 6 months to do, noting all the details I use instinctively, the subtle checks, and putting it in 5 categories.

Measures / patterns / candles / behaviour / indicators.

In a situation like this I would keep my stop above resistance, then close right up if it didn't work - in the timeframe I took the took the trade.

Normally my stop is 2 bars back otherwise.

Mike
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Old Jan 16, 2012, 7:53pm   #38
 
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Re: Best forex charts out there today

TradeTheEasyWay started this thread I think you should read this, it fits in with my weekly analysis; we need to be careful and pick the time when the market is ready to show its hand. Not a lot of data this week, so markets may hover some more in this narrow range the dow has but I will keep you up to date.

Why the Cascade of Downgrades Has Barely Begun

Mike Hamilton
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Old Jan 17, 2012, 9:15am   #39
 
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Re: Best forex charts out there today

TradeTheEasyWay started this thread i'm short gbp on rev bar in 60 mins under fibs, stop 15385.

Mike
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Old Jan 17, 2012, 10:55am   #40
 
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Re: Best forex charts out there today

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i'm short gbp on rev bar in 60 mins under fibs, stop 15385.

Mike
2 x euro sessions in a row, gbp held up so took trade off ahead of the inflation data for break even. Looks like we could be heading for a bullish move out of the session as we head to the US session on the back of support for the euro.

All eyes in german data in 5 mins.

Flat right now.

Mike
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