Classic FX

[Depth Trade]

Hello Tafita, I would advise against hedging a currency pair to your equity position. The position will become unmanagable due to it being inefficient. You would in effect have three positions on, all cycling through there own trends at there own pace.
I personally watch a 'fly' which is basically spreads and hedges mixed together, but I don't trade the actual 'fly', only watch it. The difference is that your still essentially doing the same thing, but limiting your risk by only entering at a single point of risk.
.. Know the out-come of hedge you want, know what the set-up looks like, watch it for a while and take a position in one product.
As for proficient technical trading, I can't think of any book that was able to connect old-world knowledge with technology and speed available today. My conclusion is that there is a huge gap between what is possible and what is probable. Traditional microeconomics dictate what a market is doing and why it is 'doing it'. Now days you have sales men pushing software that in its own is meaningless. Untradable unless you can reason with the markets.

(some how I lost most of my reply, here's part the rest)
Lev. 2 in currency is only as reliable as one is ignorant. What you are given access to view is totally controlable by your broker. There isn't nessessarly an On or Off switch to Lev 2, I have been in situations when a broker was messing with me and altering the depth at which I was able to view Lev. 2.
Macro Economic data seems to move the market most when ther is a numerical discreptancy from the previous release. This can be an excellent time to enter the market, if you know what the trend is. (market data comes out, spread then flushs out positions).

 

[Depth Trade]

Thanks again Depth Trade. Could you recommend a product to trade currencies. That demo account you mentioned earlier on this thread for example, could you PM the link to me or post it on here much appreciated.

Tafita

No problem Tafita. Yes I will send you a URL for the linked demo account, I am more than happy to be of assistance. Just follow instructions to register for a game account and then log into your personal Client Managment Platform. From here you can allocate funds between your personal account and your linked account. After demoing for a few months and being satisfied, we could talk about opening up a live linked account.

Anyone else interested in a risk free demo, please PM me or post on this thread.

DT

 

[Depth Trade]

There were no positions last week, but there was interest gained.



Classic FX
- 3.0021 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered the following positions.

Aud/usd: short .8513 8

Eur/usd: short 1.3629

Gbp/usd: short 2.0237 4

Usd/chf: long 1.2089 8



Classic FX
- 3.0021 %
Account value.
(start date 22/09/06)




Live news
http://www.bloomberg.com/tvradio/tv/

Forex news
http://www.forexnews.com/

Free charting
http://www.ino.com/
http://www.futuresource.com/

Economic calendar
http://www.gftforex.com/resources/calendar/calendar.asp

Pivot points
http://www.actionforex.com/forex_ana..._200603205734/

Hours
http://www.timeanddate.com/worldclock/
http://www.worldmarkethours.com/Forex/index.htm

 

[Depth Trade]

Have entered the following positions.

Aud/usd: short .8513 8

Eur/usd: short 1.3629

Gbp/usd: short 2.0237 4

Usd/chf: long 1.2089 8



Classic FX
- 3.0021 %
Account value.
(start date 22/09/06)

Have exited all positions.


Aud/usd: out at .8551

Eur/usd: out at 1.3778 5

Gbp/usd: out at 2.0412 5

Usd/chf: out at 1.1981 5



Classic FX
- 3.9527 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.


Aud/usd: long .8551

Eur/usd: long 1.3778 5

Gbp/usd: long 2.0412 5

Usd/chf: short 1.1917 5

Usd/jpy: short 118.001


Classic FX
- 3.9527 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.


Aud/usd: long .8551

Eur/usd: long 1.3778 5

Gbp/usd: long 2.0412 5

Usd/chf: short 1.1917 5

Usd/jpy: short 118.001


Classic FX
- 3.9527 %
Account value.
(start date 22/09/06)

Have exited all positions.


Aud/usd: out at .8444 9

Eur/usd: out at 1.3688 9

Gbp/usd out at 2.0176

Usd/chf: out at 1.1993

Usd/jpy: out at 119.50



Classic FX
- 5.4112 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.


Aud/usd short .8440

Eur/usd short 1.3688 9

Gbp/usd short 2.0227

Usd/chf long 1.1993

Usd/jpy long 118.44 5



Classic FX
- 5.4112 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.


Aud/usd short .8440

Eur/usd short 1.3688 9

Gbp/usd short 2.0227

Usd/chf long 1.1993

Usd/jpy long 118.44 5



Classic FX
- 5.4112 %
Account value.
(start date 22/09/06)

What a week.


Aud/usd: out at .7981

Eur/usd: out at 1.3492

Gbp/usd: out at 1.9811 5

Usd/chf: out at 1.2061 5

Usd/jpy: out at 117.13 8



Classic FX
- 2.7 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.


Aud/usd: short .7971

Eur/usd: short 1.3469 5

Gbp/usd: short 1.9806

Usd/chf: long 1.2086 6



Classic FX
- 2.7 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.


Aud/usd: short .7971

Eur/usd: short 1.3469 5

Gbp/usd: short 1.9806

Usd/chf: long 1.2086 6



Classic FX
- 2.7 %
Account value.
(start date 22/09/06)

Out of all positions.


Aud/usd: out at .8276 6

Eur/usd: out at 1.3680 4

Gbp/usd: out at 2.0142 8

Usd/chf: out at 1.2001 9



Classic FX
- 4.9179 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.


Aud/usd: long .8276 5

Eur/usd: long 1.3680 4

Gbp/usd: long 2.0142 8

Usd/chf: short 1.2001 9



Classic FX
- 4.9179 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.


Aud/usd: long .8276 5

Eur/usd: long 1.3680 4

Gbp/usd: long 2.0142 8

Usd/chf: short 1.2001 9



Classic FX
- 4.9179 %
Account value.
(start date 22/09/06)

Have exited all positions.


Aud/usd: out .8183

Eur/usd: out 1.3630 1

Gbp/usd: out 2.0174 8

Usd/chf: out 1.2084


Classic FX
- 5.5063 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.


Aud/usd: short .8180 3

Eur/usd: short 1.3624 5

Usd/chf: long 1.2089 2



Classic FX
- 5.5063 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.


Aud/usd: short .8180 3

Eur/usd: short 1.3624 5

Usd/chf: long 1.2089 2



Classic FX
- 5.5063 %
Account value.
(start date 22/09/06)

Out of all positions.


Aud/usd: out at .8274 5

Eur/usd: out at 1.3742 8

Usd/chf: out at 1.1959 7



Classic FX
- 6.3627 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.


Eur/usd: short 1.3886 8

Usd/chf: long 1.1858 9

Usd/jpy: long 114.31 9



Classic FX
- 6.3627 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.


Eur/usd: short 1.3886 8

Usd/chf: long 1.1858 9

Usd/jpy: long 114.31 9



Classic FX
- 6.3627 %
Account value.
(start date 22/09/06)

Have exited all positions.


Eur/usd: out at 1.3880 5

Usd/chf: out at 1.1889

Usd/jpy: out at 115.28 3



Classic FX
- 5.9808 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.


Gbp/usd: long 2.0078 5

Usd/chf: short 1.1880 5

Usd/jpy: short 115.31 3



Classic FX
- 5.9808 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.


Gbp/usd: long 2.0078 5

Usd/chf: short 1.1880 5

Usd/jpy: short 115.31 3



Classic FX
- 5.9808 %
Account value.
(start date 22/09/06)

Out of all positions.


Gbp/usd: out at 2.0196 3

Usd/chf: out at 1.1870 5

Usd/jpy: out at 115.18 5



Classic FX
- 5.7094 %
Account value.
(start date 22/09/06)

 

[Depth Trade]

Have entered following positions.


Eur/usd: short 1.4260

Usd/chf: long 1.1628

Usd/jpy: long 114.85 6



Classic FX
- 5.7094 %
Account value.
(start date 22/09/06)