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Anyone here into FOREX?
- Thread starter Music_Producer
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Yup nathan, got 11 pips on it.. exited a little early as the gbp was on a up trend before the news came out. Next is US ISM
Nathan, i trade the aud/usd when trading aussie trades. Aud/jpy obviously moved more because it had taken quite a beating (was pushed down all the way to 88.85 or so) So a correction was in order after days of AUD selling. In fact, all jpy pairs fought back today. So it was just a result of that (and a positive aud number)
AUD/USD moves pretty well when the deviation is good. Again, this is because most aussie trades i've traded are on sundays.. when the us markets are closed.. so there is relatively no resistance to the aussie dollar during those times.
During uk reports. i've seen gbp/usd go up but gbp/jpy go down (positive uk number) so be careful if you're trading jpy pairs
AUD/USD moves pretty well when the deviation is good. Again, this is because most aussie trades i've traded are on sundays.. when the us markets are closed.. so there is relatively no resistance to the aussie dollar during those times.
During uk reports. i've seen gbp/usd go up but gbp/jpy go down (positive uk number) so be careful if you're trading jpy pairs
I made 16 pips on AUD GDP, but Im down $200 for the day because I was trading GBP/JPY and I was up $100 and I closed my position but it didnt close, so I pressed it again and it still didnt close.
So I restarted the software and I had two sell positions open now, so I try to close those...same thing. I finally got it closed but Im still in a $0.17 trade with CMC which is weird because I didnt trade any off amounts and I cant figure out how to close it.
Im pissed.
So I restarted the software and I had two sell positions open now, so I try to close those...same thing. I finally got it closed but Im still in a $0.17 trade with CMC which is weird because I didnt trade any off amounts and I cant figure out how to close it.
Im pissed.
I made 20 pips on the aud/usd trade..
Nathan, sometimes I get that problem.. i have to click on either buy or sell (whatever it is to close the open trade) more than 3-4 times.
I look at the spot fx/open trades column to see what profit i have made.. and then when i hit sell.. i can tell if its gone through or not by looking at the quantity left. Don't ever restart the software (unless windows freezes.. in which case i have to restart the damn pc)
for e.g. if i see 100,000 in my open trades column.. thats 100,000 bought.. so i click sell.. nothing happens.. i still see that 100,000 there.. i click sell again.. till it goes away. Then i get the re-quote windows.. cmc seriously need to revamp their platform.
Were you trading gbp/jpy on technicals? If so, then use oanda.. they have perfect execution.. the spread is not raised during non-news time.
Nathan, sometimes I get that problem.. i have to click on either buy or sell (whatever it is to close the open trade) more than 3-4 times.
I look at the spot fx/open trades column to see what profit i have made.. and then when i hit sell.. i can tell if its gone through or not by looking at the quantity left. Don't ever restart the software (unless windows freezes.. in which case i have to restart the damn pc)
for e.g. if i see 100,000 in my open trades column.. thats 100,000 bought.. so i click sell.. nothing happens.. i still see that 100,000 there.. i click sell again.. till it goes away. Then i get the re-quote windows..
cmc seriously need to revamp their platform. Were you trading gbp/jpy on technicals? If so, then use oanda.. they have perfect execution.. the spread is not raised during non-news time.
yeah, thats what happened. I had the trade open, looking at the "spot/forward fx positions" column and I click sell...nothing happens. I think "ok, I guess Im getting a requote" about two minutes goes by, so I click again..same thing.
Thats when I thought, OK, before I click again, Im going to close the software and restart it to see if those went through. So I did, and when I logged back in I was in two sell positions and my long position was still open.
So, I bought which closed one sell position and then I had one buy and one sell open, so technically I was flat, but my p/l kept going up/down and I was somehow in a 17 cent trade.
After I posted, I called the dealing desk and he said they were in the middle of rollover for the day and it would be fixed tomorrow when I log in.
Then, I wake up and my internet is out because I forgot to pay the bill ( Ive got an ADD problem ). So I called them and got it back on and when I logged in to CMC they had closed the 17 cent trade and refunded me the spread from clicking all those times which was about $85.
That was nice of them. So, needless to say, it was a long day. I woke up at 1am yesterday and stayed up until 8pm, so I was probably just tired and thats why I kept clicking.
ahh...weve got ADP in 30 minutes so hopefully today will be a better day. (Im writing it off as a "**** happens" day)
Edit: I guess macrumors edits out profanity? Oh well, you know what I meant...
Thats when I thought, OK, before I click again, Im going to close the software and restart it to see if those went through. So I did, and when I logged back in I was in two sell positions and my long position was still open.
So, I bought which closed one sell position and then I had one buy and one sell open, so technically I was flat, but my p/l kept going up/down and I was somehow in a 17 cent trade.
After I posted, I called the dealing desk and he said they were in the middle of rollover for the day and it would be fixed tomorrow when I log in.
Then, I wake up and my internet is out because I forgot to pay the bill
( Ive got an ADD problem ). So I called them and got it back on and when I logged in to CMC they had closed the 17 cent trade and refunded me the spread from clicking all those times which was about $85.That was nice of them. So, needless to say, it was a long day. I woke up at 1am yesterday and stayed up until 8pm, so I was probably just tired and thats why I kept clicking.
ahh...weve got ADP in 30 minutes so hopefully today will be a better day. (Im writing it off as a "**** happens" day)
Edit: I guess macrumors edits out profanity? Oh well, you know what I meant...
Ahh.. I never wait for the re-quote.. because that takes its own sweet time. If my position is still open, i just click again and again (not rapidly.. but every second) till one order goes through.
That was nice that they gave you $85.. now only if they could that for every re-quote they display to us
I was looking at the calendar and for friday.. there's non farm employment and trade balance.. both coming out at the same time, so don't trade that.. or trade a small lot if you feel adventurous.
That was nice that they gave you $85.. now only if they could that for every re-quote they display to us
I was looking at the calendar and for friday.. there's non farm employment and trade balance.. both coming out at the same time, so don't trade that.. or trade a small lot if you feel adventurous.
9 pips on the adp report.. this one almost always whipsaws .. I had 15 pips .. but had to click on 'sell' like 5-6 times (I must look funny doing that.. shouting 'i said sell damn it.. *mixed with various profanities*)
Are you trading nzd interest rate statement? Its expected to be hiked to 7.5% so i won't be trading that.. probably won't even be awake for that trade. But be ready just in case they do something unexpected like hike it to 7.75% or drop it to 7%
Are you trading nzd interest rate statement? Its expected to be hiked to 7.5% so i won't be trading that.. probably won't even be awake for that trade. But be ready just in case they do something unexpected like hike it to 7.75% or drop it to 7%
made 2 whole pips on ADP..lol.
yeah, Ill be watching NFP this time. I lost money last time and like youve warned about over and over, its not worth trading it and losing all your profits for the week. If nothing conflicts(revisions and trade balance) with the actual #, I might jump in with a small lot, but we know how often that happens.
yeah, Ill be watching NFP this time. I lost money last time and like youve warned about over and over, its not worth trading it and losing all your profits for the week. If nothing conflicts(revisions and trade balance) with the actual #, I might jump in with a small lot, but we know how often that happens.
I was planning on doing exactly that...trade if they cut rates or hike 50bps instead of 25bps...otherwise, Ill just watch.
Just curious to see if there are any members here to dabble in the Forex markets..
I've traded with finotec.com - they have low costs, especially margin requirements and 200:1 leverage. First, I opened a mini account, for $200 and won $5K, I'm still earning here and there - but then it might be just the beginner's luck
Just curious to see if there are any members here to dabble in the Forex markets..
Hi,
I've traded at finotec.com - they have low costs in general, 0.5% margin requirements and 200:1 leverage. First, I've opened a mini account for $200 and within few minutes earned $5K. Of course I've had my losses too, but I still find it profitable to trade once in a while.
the NZD rate decision was crazy...it was a no trade but I was watching to see what would happen and NZD/USD is all over the place. I think its bipolar It was only moving up and down 10-15 pips but Ive never seen it happen so fast like that.
Edit: I think its decided to go down for the time being.
It was only moving up and down 10-15 pips but Ive never seen it happen so fast like that.Edit: I think its decided to go down for the time being.
Just wanted to say "hi" guys and let you know that I'm back from Vegas.
Luckily just before my flight last Tuesday I was able to check the markets upon open and see the debacle that happened overnight in China. I proceeded to short the NASDAQ and DJIA100 indices at 10:1, grabbed 50 pips on the USDJPY pair and essentially paid for my entire vacation that morning! Not meaning to brag, but man that's a nice feeling.
I hope trading has been going good for everyone this past week. I'll be watching the interest rate decisions tomorrow morning (any thoughts?) and will hopefully familiarize myself with where everything is at (and more importantly where it is going) in the next couple of days so that I'll be back in the swing of things next week.
Looking forward to interacting with you all again.
Luckily just before my flight last Tuesday I was able to check the markets upon open and see the debacle that happened overnight in China. I proceeded to short the NASDAQ and DJIA100 indices at 10:1, grabbed 50 pips on the USDJPY pair and essentially paid for my entire vacation that morning!
Not meaning to brag, but man that's a nice feeling. I hope trading has been going good for everyone this past week. I'll be watching the interest rate decisions tomorrow morning (any thoughts?) and will hopefully familiarize myself with where everything is at (and more importantly where it is going) in the next couple of days so that I'll be back in the swing of things next week.
Looking forward to interacting with you all again.
Hey Shard, welcome back! These trips are even more fun when they're all paid for Did you make a few 'pips' playing poker as well?
Tomorrow..I'll be looking at the gbp interest rate decision very closely.. they throw in surprises all the time, so if they raise.. gbp/usd should go up 80+ pips for sure.
Eur interest rate.. i think they always stick to whatever is forecast i.e. they are going to raise it to 3.75.. so i'll be ready to trade.. but most likely no surprises there.
I might trade the usd/cad on the canadian housing starts with a very small lot, as i have never traded that before. Just want to see what kind of action that has on the markets.
These trips are even more fun when they're all paid for Did you make a few 'pips' playing poker as well? Tomorrow..I'll be looking at the gbp interest rate decision very closely.. they throw in surprises all the time, so if they raise.. gbp/usd should go up 80+ pips for sure.
Eur interest rate.. i think they always stick to whatever is forecast i.e. they are going to raise it to 3.75.. so i'll be ready to trade.. but most likely no surprises there.
I might trade the usd/cad on the canadian housing starts with a very small lot, as i have never traded that before. Just want to see what kind of action that has on the markets.
Hey Shard, welcome back!
Thanks Music_Producer - as nice as it is to travel and see other places, get out of a routine and so forth, there is always something to be said for coming back to a home and some familiarity.
As for poker, yes, I made quite a few pips actually, so I was happy with that. Of course, since I'm not a pro, I was only trading with small lots..
Yeah, I'll be watching that one for sure. If they hold rates I suppose the currency won't move much... Or does a sentiment currently exist that they should raise rates due to certain economic conditions? If so, perhaps (even though no hike is expected) a non-hike would be seen as negative?
Yeah, even though a hike is expected, I think it will still be seen as a plus for the currency, so I'll be ready to BUY and see if I can make a couple pips. If they don't hike though, look out!
I can catch that one just before I leave for work, so I'll watch it at as well. My thing with Canadian announcements is that they usually coincide with US news, and since the USDCAD is the best pair to trade for Canadian data, it may not react as it should if the US data released at the same time is conflicting. Nonetheless, if there's a trade, I'll try to take advantage of it.
15 pips on a gbp/usd short.. rates remained the same. I shorted because I noticed gbp/usd rising before the rate decision (about 10-15 pip gradual rise) so I figured that if rates stayed the same.. the gbp/usd would drop a little.
Since this was an interest rate trade, I traded with maximum leverage.. I'm a happy man right now
Since this was an interest rate trade, I traded with maximum leverage.. I'm a happy man right now
Yeah, even though a hike is expected, I think it will still be seen as a plus for the currency, so I'll be ready to BUY and see if I can make a couple pips. If they don't hike though, look out!
Not necessarily shard.. be careful with the eur interest trade announcement. I mean, you may be right.. the eur *could* go up if they do raise rates.. but the markets are expecting that.. so watch out.. could go down
Of course, if they don't hike at all.. then short the eur/usd
Nice one Music_Producer!
Unfortunately no trade for me on the BoE announcement. The news was as expected and although I saw an initial blip down, it recovered right away and I didn't feel comfortable with trading after that point. (I guess I need to regain some of my speed after being away for a week! ) Obviously the GBPUSD did go down afterwards, but I didn't want to trade on speculation, rather trade on news, and the moment had passed at that time. Good catch on the pre-decision rise, I'll keep that sort of behavior in mind in the future. Yep, understood.
Just thinking out loud more than anything... Good luck with that trade as well!
Haha.. go back to bed shard.. everytime I come home from a trip (whether its a weekend trip or a 2 month long break) I am always in 'vacation mode' for at least a couple of days and need that time to acclimatize! Imagine if I had to work a 9-5 job.. sheesh, I'd be fired
Btw, good job in not chasing the trade.. I always get tempted to fade the spike or do some stupid things.. so lately as soon as I close my positions and make my profit, I just shut the computer down.. that's the only way to resist risky trades!
Btw, good job in not chasing the trade.. I always get tempted to fade the spike or do some stupid things.. so lately as soon as I close my positions and make my profit, I just shut the computer down.. that's the only way to resist risky trades!
Nope, never knew about it.. that's great though.. for trading the speech after the rate decision. That moves eur/usd by 20-40 pips (sometimes more) depending on what he says.
Hopefully that live feed does not suffer from any delays
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