Recent content by TraderJW

Haha I'm sure there are plenty of bears out there but it's non farm payrolls week and awesome numbers are expected. Stock indices will probably climb in anticipation of Fridays event, plus last week was the best week in 2 months for US stocks.

Yep whatever it's on by midnight will do me fine thanks. Good luck all.

I'm liking some of these trade ideas. After careful consideration I am going to choose: Brent Crude Oil futures. Direction: Short. Entry at the first available opportunity around 115.90. SL @ 118 Target price 113.00 Middle East tension is the obvious geopolitical risk here but so long as...

Ah I see. So we are looking for movements relative to the true range of the product. That changes things quite a lot. The actual percentage gains are completely irrelevant to the competition then and the ATR percentages are how we are judged? Can we use a double position or more then as well so...

Ok brilliant. Pardon my ignorance but what do we use the ATR targets for then? And also how is the risk level factored into the competition? I'm sure these question have been answered somewhere in the thread but are difficult to find. Thanks TJW.

Oh ok the warehoused order sounds good. So let's say for example that the rate continues to go up until wednesday when it posts a reversal candle, then I can enter Wednesday night manually? That is exactly what I'm wanting to do. So i guess i need to change my order to: Ticker: AUS/USD...

Hey guys, enjoying this thread very much. I've been thinking for a while about my trade as I usually wait for confirmation on the daily charts but I have no such luxury as it is Sunday. Hmm my trade will be: Ticker: AUS/USD Direction: Short Market Order @ 1.0257 SL @ 1.0357 Target Price @...

After a few days of stagnation this pair has finally hit my first price target at 0.92 today. I will probably just take all my position off and look for the next opportunity.

Yeah there are endless reasons why the new platform is unworkable. I've opened a couple of accounts in the last week to try to find a better alternative to MM but so far no success. Have tried CityIndex- awesome spreads and execution but you have to open a window every time you wish to look at a...

I thoroughly agree that the new platform is awful. I have been using MM for around 4 years but I've been looking for a new broker recently. MM was fine but sometimes lacked the execution for big positions still infinitely better than the new platform. Add to the list: 1. Cannot seem to change...

Has anybody noticed the bullish divergence pattern on the USD/CHF pairing? This looks like a perfect swing trade over a few days with first price target at previous support at 0.92 and stop loss down at 0.89.

This is certainly a hot topic at the moment. Will intervention by the G7 work? That is the big question. The last time the G7 intervened in the currency markets was back in Sept 2000 during the euro confidence crisis. On that occasion they managed to bolster the euro up so I suspect they will...