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Anyone here into FOREX?

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~Shard~ said:
Yeah, I think you need a .Mac account of some form. Sorry guys, but I won't be able to join ya on that one. It's great that you set it up though Music_Producer! 😎
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I did a little more digging, and it appears you need a .Mac ID of some sort, whether expired or not. Apparently even an expired trial ID is good enough. I think the reason I can't get in just yet is that you need to be invited by someone already in the group.
 
You mean none of you are .Mac members? 😱 Oh well, whenever anyone is a .mac member and feels like joining.. please let me know. I love posting here, but that .mac thing will be like a interruption-free group. Also, we won't have to navigate through macrumors/community discussion/anyone into forex?/last page..

We need a one click solution to chat 😀
 
Music_Producer said:
You mean none of you are .Mac members? 😱 Oh well, whenever anyone is a .mac member and feels like joining.. please let me know. I love posting here, but that .mac thing will be like a interruption-free group. Also, we won't have to navigate through macrumors/community discussion/anyone into forex?/last page..

We need a one click solution to chat 😀
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.Mac is way too expensive for me right now, haha 🙂 I do have a trial membership though, so I'll PM you my address and you can try to add me to the group.
 
no, no, no guys.... .mac groups is for everyone - even people on windows computers. You need to sign up for a FREE .mac screen name. Just like if you join a Yahoo! group, you need a yahoo screen name.

HERE is the .mac FAQ. The id you make for .mac can be used in the iTunes music store, groups, iChat etc.

The group you created does not work for me either and I do have .mac

ok, just read the faq, you need to be invited by the group owner.

You can invite me: jumpinginpuddles at mac dot com
 
Wow.

So I've been considering forex for quite a while, and it's odd that this thread, tucked away on macrumors, has been a wealth of information for me. I found this thread about 2 days ago, and have caught up. One question though, for music_producer, I understand you use tradethenews.com for getting thos early morning reports that you trade on, but does this service also let you know what information is coming out ahead of time? I know that seems kind of a dumb question. I just want to know if it tells you "hey such and such report is coming out on thursday 5:30am" as well as alerting you the minute of?

Also, I remember reading awhile back that you were curious to find a way to have two cursors - but you also said you were using a trackpad. The trackpad can be considerably slower in tracking (movement of cursor across screen)than an optical or laser mouse. You also might see that your tracking is all the way up in sys. prefs. I own a graphic design firm, and have a 17" PB that I work with on the road, I would never even attempt to do anything that needed a hint of precision with the trackpad.

Again just absolutely brilliant info.
 
blinkmg said:
So I've been considering forex for quite a while, and it's odd that this thread, tucked away on macrumors, has been a wealth of information for me. I found this thread about 2 days ago, and have caught up. One question though, for music_producer, I understand you use tradethenews.com for getting thos early morning reports that you trade on, but does this service also let you know what information is coming out ahead of time? I know that seems kind of a dumb question. I just want to know if it tells you "hey such and such report is coming out on thursday 5:30am" as well as alerting you the minute of?

Also, I remember reading awhile back that you were curious to find a way to have two cursors - but you also said you were using a trackpad. The trackpad can be considerably slower in tracking (movement of cursor across screen)than an optical or laser mouse. You also might see that your tracking is all the way up in sys. prefs. I own a graphic design firm, and have a 17" PB that I work with on the road, I would never even attempt to do anything that needed a hint of precision with the trackpad.

Again just absolutely brilliant info.
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Hey blinkmg.. welcome to our little group! 🙂

Economic calendars are everywhere.. you can check out www.forexfactory.com. They usually have a detailed listing right on the front page.. of what reports are expected for the next 24-48 hours, and what time (EST/PST) You can also click on 'view full chart' or something of that sort and get events much further in advance as well. Also provided are the expected numbers, and previous numbers for the related reports.

Additionally, tradethenews alerts you 10 minutes before any news report.. and gives you an estimate number.. which is not that important since everyone knows it anyway.

You're right about the trackpad, but i am so used to it, that with a mouse i sometimes 'overshoot' 😀 With the trackpad i am fast and hit everything precisely. Plus the 'submit' buttons are pretty big.. so if i miss that then i have to be a clumsy oaf! I am so used to being quick now, that i wouldn't need 2 cursors. For all you know, if i did find a way to have two cursors, i would probably hit 'submit' on both 'buy' and 'sell' at the same time 😛
 
G'morning, everyone! The CAD announcements this mornings seem to have turned out to be a lousy trade. Oanda's FXNews didn't even report the results, and the markets barely moved at all. I skimmed 2 pips off the down-swing, but only barely.

blinkmg, welcome to the club! I hope you'll stick around and have some fun with us 😀
 
Hey elfin.. I bagged 8 pips.. I've posted somewhere earlier that oanda never reports canadian news.. I have no idea why they don't 😕 Got my news on trade the news.com.

And the new fx broker i was trying out (GFT forex) completely failed me. It gave me a 'rejected' message twice. So there's no point in trading with a broker with tight spreads but no execution 🙄

Lets see how the US durable goods order comes out on thursday.. tomorrow is canadian leading indicators but i've never seen it move the currency by much. Oh yeah, US existing home sales.. that might move the EUR/USD. I don't remember how that moves the market though!
 
I think I spoke too soon...Just four minutes ago, at 8:25 Atlantic time, Oanda announced in a "FLASH" that "CANADA JULY CPI UP 2.4 PCT YR-ON-YR".

Didn't move the markets anyway though 🙄
 
Just traded the CAD Leading Indicators announcement...bagged 3 pips, barely. Friggin' spread is almost killin' me! Anyone else awake this morning? Anyone trading the USD Existing Home Sales announcement at 10:00 EST?
 
elfin buddy said:
Just traded the CAD Leading Indicators announcement...bagged 3 pips, barely. Friggin' spread is almost killin' me! Anyone else awake this morning? Anyone trading the USD Existing Home Sales announcement at 10:00 EST?
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I thought it was at 10:30, but regardless, I'll at least be watching it - not sure if I'l be trading or not.
 
There are two USD announcements according to ForexFactory...the Existing Home Sales is at 10:00 EST, and the EIA Crude Oil Inventories is at 10:30 EST 🙂
 
elfin buddy said:
Whoopsies, there's a request for spam 😉 Probably best to PM him your email address so spam-bots don't pick it up too.
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Yeah I thought of that after, but my .mac account is only to sync up cals, contacts, etc. between all of my macs. I don't use the mail 🙂 The firm I own has our own server. They can spam away 🙂
 
blinkmg said:
Yeah I thought of that after, but my .mac account is only to sync up cals, contacts, etc. between all of my macs. I don't use the mail 🙂 The firm I own has our own server. They can spam away 🙂
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Haha, fair enough 🙂

Since you're here, did you trade on any of the announcements today?

edit: fixed some spelling, the perfectionist that I am...
 
Todays movements

Hi everyone,

Can someone explain todays drop in EUR/USD? Would the homesales news not weaken the USD? Gosh, I feel like I'm still guessing what news will do what. Is the drop the result of the oil news at 7:30am? Thanks!! 🙂
 

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Crimson said:
Hi everyone,

Can someone explain todays drop in EUR/USD? Would the homesales news not weaken the USD? Gosh, I feel like I'm still guessing what news will do what. Is the drop the result of the oil news at 7:30am? Thanks!! 🙂
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lol, I wish I knew what was happening with it today...I lost quite a few pips on that because I expected the EUR/USD to go up. No biggie, but I certainly learned my lesson about taking a small loss over waiting for a potential turn-around 🙄 😱
 
I didn't trade today, however I watched my CMC platform during the USD announcements and the EUR/USD spread stayed a rock solid 2 pips throughout. I'll be testing this again tomorrow, but it looks as though they are men of their word when they say their spreads never change. Regardless, I will still have to execute a trade with them to see how quickly it is filled, etc. - stable pip spreads mean nothing if your trade execution (or entire platform for that matter) suck. 😉 😎
 
Crimson said:
Hi everyone,

Can someone explain todays drop in EUR/USD? Would the homesales news not weaken the USD? Gosh, I feel like I'm still guessing what news will do what. Is the drop the result of the oil news at 7:30am? Thanks!! 🙂
Click to expand...

My thought was that the new homesales coming out poorly is good news for the fed... they didn't raise rates and now they are more confident that no new hikes are needed and inflation is in check.
 
US Durable Goods.

So I'd like to trade on the US durable goods orders tomorrow, but alas, I don't know where I'm going to get the numbers from - I don't have the "trade the news." I have parralells on an intel iMac at the office, but I don't see myself schlepping up there at 7:30am CST (I'm a graphic artist, we don't get to work before 10am 😀 ) Anyone else use anything to get the numbers ASA they come out?

Do any of you just stare intently and see which why it climbs or falls?? SEEMS like you could figure out that if that 7:30 it starts to rise a few or more pips the numbers must've been good and vice-versa.. I dunno.
 
blinkmg said:
So I'd like to trade on the US durable goods orders tomorrow, but alas, I don't know where I'm going to get the numbers from - I don't have the "trade the news." I have parralells on an intel iMac at the office, but I don't see myself schlepping up there at 7:30am CST (I'm a graphic artist, we don't get to work before 10am 😀 ) Anyone else use anything to get the numbers ASA they come out?

Do any of you just stare intently and see which why it climbs or falls?? SEEMS like you could figure out that if that 7:30 it starts to rise a few or more pips the numbers must've been good and vice-versa.. I dunno.
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I suppose you could just watch for the spike and trade it, but that's riskier than actually knowing what happened. There is often a lot of volatility right before big news announcements, and there are often smaller spikes in both directions that could be mistaken for the real thing.

I have a small account with Oanda, and they provide a service called FXNews to go along with their platform. It's certainly not stellar, but it does provide near-instant updates for big announcements. Eventually I may outgrow them and move on to something better, but for now, it works 🙂
 
elfin buddy said:
I suppose you could just watch for the spike and trade it, but that's riskier than actually knowing what happened. There is often a lot of volatility right before big news announcements, and there are often smaller spikes in both directions that could be mistaken for the real thing.

I have a small account with Oanda, and they provide a service called FXNews to go along with their platform. It's certainly not stellar, but it does provide near-instant updates for big announcements. Eventually I may outgrow them and move on to something better, but for now, it works 🙂
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I'm on OANDA too (music_producer should probably get a referal fee or something 😀 ), I'll check it out.
 
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