Recent content by virtuesoft

I think that is just where he exited his first trade.

I agree. Well said. I might open an account with FXOpen. I'm slightly dubious about them because they have some negative history, but it looks like the Australian subsidiary is highly regulated.

Yes, both pairs generally move in the same direction. However, EURJPY seems to move further and faster. If you have enough room on your computer, you could watch EURJPY, EURUSD and USDJPY. This will give you a triad correlation. Monitoring a triad correlation like this makes it easier to spot...

I have found EURJPY much more profitable too. There is often more movement, more setups and more follow through. Which broker are you with? I'm with LCGFX, they're good but the spread is around 1.3 pips plus $15 USD per million each way in commissions. Your broker sounds better.

I have found that I'm better at trading when there is momentum in the market. Therefore, I prefer the pullback setups (FB, DD, SB and BB). I still take the setups that require buildup (RB, ARB and IRB) but I'm just not as good at trading them. For this reason, I have tightened up my entry...

Yes, I trade EURUSD, EURJPY and USDJPY. I've also been keeping an eye on GBPUSD a bit recently as it has been moving well. EURJPY provides the most opportunities so I focus mainly on that.

It's frustrating when you invest a lot of time and effort in to a setup, only to see it break unfavourably and miss it. You just have to take it on the chin and wait for the next opportunity. I wouldn't have taken the trade either. The false break to the upside made the stop required too much...

This is my setup. The monitors are 24 inch. I usually have about 2 hours worth of price action showing on each screen.

Fantastic results! You made more pips yesterday than I make in a month. Well done!

I almost took that one but I decided to skip it. It looks a bit better on your chart but on my chart the dojis weren't very small compared to the pullback. The preceeding move down was also two legged, which I didn't like. In hindsight, it was the wrong decision. I was being too cautious. I need...

Nice work on the E1 trade. That was a good setup. I sat on the sidelines today. I couldn't find any setups. However, there was a rather nice RB in EURJPY that broke at 18:00 London time. I was writing up my daily review and I decided to skip it as it was outside my normal trading hours. I knew...

No, I use a Currenex broker called London Capital Group. I have a demo account with Dukascopy though. They seem like a good broker. Their JForex platform is really good. The commissions are also pretty good if you use an introducing agent and get the rebates.

I think that 1 million would be filled pretty easily but it would depend on the broker. If you're with a broker that shows the market depth you will be able to see the current limit orders and you would be able to get an idea of how much would be easily filled. I've attached the market depth of...

My TP is 10. I didn't mind that prior high because the price seemed to bounce right off it. It was also some way back and the trend looked very strong. The spread on EURJPY is typically between 0.7 and 1.1 pips. I also pay $15 USD per million so I'm effectively paying an extra 0.3 pips per...

I had more luck with my other trade from this morning. It was a DD setup in EURJPY. This one had no problems reaching the target.