Interesting comparison FC. Have not heard Ilie Dumitrescu's name in a loong time. How did you got to know about it? He is not such a famous player.
BTW I just want to say a big Thank You to all of the major contributors to this topic ( including you) for the valuable information that you post...
Iworm,
I have started to test on all 4 major pairs on the 1-8 BO. I am also monitoring the effect of the volatility on the breakout period (successfully rates if vol >60) . Need to be careful when getting the H's and L's, as I misread the chart this morning on CHF and I was falsely triggered...
Seccond day of testing
Today's data:
CHF triggered Long @ 1.2881
JPY triggered Long @ 110.72 (vol 99)
EUR S 1.2026; L 1.2082
Cable S 1.7850; L 1.7962 (vol 108)
Waiting for the good news.
Morning,
I can confirm the results from yesterday using the 7-10 BO on the major 4 currencies pairs.
cable -9 (vol 77)
Eur 46 (vol <60)
CHF 53 (vol <60)
JPY 30 (vol 65)
Total per day 122
Now the question is: Because we report to $ in all four pairs, if the $ goes against...
RedBen,
This is what TW mention a bit earlier. It will be interested to se if someone else apart from Goober has a volatility filter around this range (60 pips). I do anot have any data but it will be interesting to be able to back test.
Power lies in numbers!!!
Goob,
I asked a bit earlier today if I had my cable right. I was triggered long at 1.7964 with a 60 pips stop.
Current situation:
Cable long @ 1.7964 +2
EUR short @ 1.2142 +38
CHF long @ 1.2774 +34
The only regret that I have is that is paper money :confused:
Given that...
FC
There are several charts on FXCM that you can use. Also, charts provided by NetDania or FXTreek on www.fxstreet.com
Not so sure about the delays on the last ones.
Morning all,
TW,
I am trying to use the 7-10 BO system to.
Here are my positions:
USD/CFD long @ 1.2775 currently -1
GPB/USD long @ 1.7954 currently -22
EUR/USD short@ 1.2142 currently +5
Have I got it wrong on cable?
Thanks,
Thanks FC,
Can you comment on FXCM? I see that you are using their graphs. I intend to use their platform, which I am trying right now, and it looks good.
BTW, well done on £/$!!! Bet you're going to enjoy the weekend ;)
Nicoss
A big hello to all of you happy traders.
I am new to forex trading and I am finding this board very helpful. I am been reading the posts for the last couple of weeks and already clarified many of my questions.
Could anyone tell me if trading forex is tax free in UK (similar to spread betting)...