Forex Day Trader's Thread

[sullystocks]

Calculating fib retracements is a bit bewildering for me alright

 

[cpngtw]

Calculating fib retracements is a bit bewildering for me alright

is it supposed to be done by your drawing tools?

 

[blancspa]

are we speaking proto-mayan?

did they use S/R or fib trading ES?

 

[sullystocks]

Hey Sean. I'm using Paddypower which doesn't have it

 

[cpngtw]

I think he is talking about the bigger (potential) H & S. If it forms then the current price is at the top of the R/S (start using more acronyms )

The M30 chart also confirms a short direction (on small TF, not a long TF one). So I'd short euro to it's (potential) neck of the (potential ) H & S and see what the price action there is, with a tight SL

I think it may visit today's high and depends on what it does there, we'll have a H&S or not

 

[sullystocks]

Up another 9 Pips long so far on Cable. Going to close out approx 11:15, then go long again at 12 until 1p.m. I've duplicated last nights entry points and seems to have worked for me tonight. Lucky i'd say

 

[SSINGH]

You were wise to go with Gain Sean.. regardless of spreads or anything else they are heavily capitalized but the most important thing about Gain is that they have floor traders who give you very useful bits of information AS IT HAPPENS

hope so....im just gettiong used to the platform.....it's got a neat look...so fgar so good...user friendly

 

[blancspa]

I am trying to remind myself every day that If I don`t trade today I will not make money neither I loose them, this makes pacman less expensive

 

[cpngtw]

Hey Sean. I'm using Paddypower which doesn't have it

use Excel, define the formulas & simply plug in high & low

 

[sullystocks]

Ya, must get something together on Excel. My Short on Cable at 11.15 is doing ok now. Maybe i've discovered a flaw in the Matrix :cheesy:

 

[cpngtw]

short euro 1.4067 30/65, if it doesn't work out I'm done for the night

 

[Pippy5000]

NO.. you don't have to do any of that yourself.. that information is freely available on the internet created by people who went to college for 4 years in order to learn how to do it properly.. If your broker doesn't provide this information get another broker.. Paddypower.. hmm.. I remember them from my trip to Ireland.. they have a shop on every corner it seems like.. Aren't they are horse racing outfit? Man, go with a FOREX broker like FXCM or Gain..

 

[sullystocks]

Going to go long cable again at 23:50. See does it keep the pattern and go short about 1

 

[sullystocks]

I must go with another broker definately Pip. Still learning the ropes slowly but will go about it sooner than later

 

[Pippy5000]

I'm listening to Paddy Reilly in your honor Sully "Come out ye black and tans" .. but do get a real broker.

 

[sullystocks]

"Come out and fight me like a man" Good old Paddy - That's the job - My 23:50 long in cable could be dodgy

 

[Pippy5000]

I love Paddy Reilly a bit too much for a WASP

I'm up 22 on my Euro short. it's really all up to ninja.. ninja needs to make it above 97.5 (ichimoku cloud bottom) if it fails you're good.. if it succeeds I'm good..

 

[Pippy5000]

by the way Sully.. when a pair has moved in one direction a long way and you want to continue in that direction you need to use a maximum 30 pip stop.. it's disastrous otherwise..

 

[cpngtw]

cable is retracing, are you still longing it, sully?

 

[sullystocks]

Just got out breakeven. Too hairy for me