Anyone here into FOREX?

[Music_Producer]

As for this morning, I made 10 pips as well on shorting the EURUSD. For some reason I just didn't feel good about the GBPUSD this morning - gotta go with your gut sometimes.

I wanted to try out eur/usd too.. gbp/usd seemed to be under a lot of pressure (well, to go upwards that is)

Nathan, I can see you selling your house and then the next day you're in your car with your laptop, trading

 

[nhallmark]

I didn't trade NZD GDP because I didn't think a 0.1% deviation would do much...I guess I was wrong.

How did you guys do?

 

[Music_Producer]

Again a god damn ghEFG$#@#$$### requote!!!!!!!!!!!! It shows my sell order at 0.7154.. argghhhhh.. could have made a good 35 pips!!! Piece of crap CMC dealing desk is cancelling every trade!

 

[OceanView]

I didn't trade NZD GDP because I didn't think a 0.1% deviation would do much...I guess I was wrong.

How did you guys do?

Lost 20 pips but that was due to the spread on OandA .
But its ok since this is a demo account

Trade the news is pretty good. Used it for the first time today on audio.
It's amazing how fast people react to news and submit their orders.

Does your platform allow both buy and sell windows open at the same time?

EDIT: I am still in the trade and now I am making up my pips.
Positive 3 pips so far!!

 

[Music_Producer]

Lost 20 pips but that was due to the spread on OandA .
But its ok since this is a demo account

Trade the news is pretty good. Used it for the first time today on audio.
It's amazing how fast people react to news and submit their orders.

Does your platform allow both buy and sell windows open at the same time?

EDIT: I am still in the trade and now I am making up my pips.
Positive 3 pips so far!!

I know, its crazy how fast reaction is to news.. but remember.. that the professionals are getting the news 2 seconds before we do.. so they're still kinda slow (compared to us)

No, the cmc platform does not allow 2 windows open at the same time.. only one window has the buy/sell section. I've taken most of my money out though.. in the process of finding another broker. There's no sense in wasting time anymore.

 

[nhallmark]

Oceanview, CMC has one window with buy/sell buttons in the same window...but the reason people are reacting so fast to the news is because the big players are using bloomberg($1700/month) and their news is 2-3 seconds faster than TradeTheNews.

We've got JPY CPI in 30 minutes...are you guys trading the core CPI # or the core Tokyo CPI #?

Im not sure which one I should be paying attention to.

 

[OceanView]

Thanks for the info guys.

Looks like Core CPI is more important on the JPY.
If both numbers come in lower than expected than it would be good.
If they are contradictory then I may just sit it out and watch.

What do you think MP?

 

[Music_Producer]

I would say the core Tokyo cpi is more important.. (just like chicago reports) but if the overall core cpi conflicts with tokyo core cpi.. watch out. I'm trading a very small lot .. well.. hypothetically trading since I know I'll get a bloody requote!

 

[OceanView]

Made 3 pips on the JPY CPI report.
Would have made more if OandA didn't charge me 15 pips!

Oh well, I hope we can find a good platform to trade on.
I need to make more pips and buy a new

How did everyone else do?

 

[nhallmark]

I didn't trade JPY CPI...only the y/y deviated. I made a whole 2 pips on JPY Industrial Production though

Music_Producer, let us know if you come across a good broker...I get the feeling CMC is doing something with the response time because that issue just started this week...Ive never had that problem before(probably because I made 1/2 my account last week)

 

[~Shard~]

Yeah, I'd like to know as well. I'm willing to switch from CMC as well if there is a better alternative out there. I saw an ad on BNN today (Business News Network, Canada's version of BloombergTV) for "Interactive Brokers", but I have not looked into them at all yet. Going with one of these more "professional" places though might be the best solution though, even if you do have to pony up $25K or $50K for starters. If it's worth it, I'm game.

 

[Music_Producer]

I didn't trade the JPY report.. it looked like usd/jpy spiked before the news.. cpi was disappointing though.. this should imply that carry trades will be stronger. My AUD/JPY position has been open since the last 3 or more months.. it's gone through some crazy deviation (from -400 pips to currently.. -40 pips)

Nathan, ocean, shard.. I'll let you all know how my experiences with other brokers work out. Right now I'm supposed to get a demo of currenex from ODL, AaronFX, PFG and Man Financial.

 

[Music_Producer]

Just got a Wii This thing is sweet! So much fun.. now if only i could use the remote to hit 'buy' or 'sell' while doing forex! Lol

 

[OceanView]

Just got a Wii This thing is sweet! So much fun.. now if only i could use the remote to hit 'buy' or 'sell' while doing forex! Lol

Yeah, Wii's are pretty sweet.
Good exercise indoors.

I want a PS3, the graphics look so clean and the detail is amazing.

 

[Music_Producer]

Yeah, Wii's are pretty sweet.
Good exercise indoors.

I want a PS3, the graphics look so clean and the detail is amazing.

I wish there was a unit that had both.. the fun features of the wii, and the graphics of the ps3.

Nathan, I don't know if i answered a question that you posted earlier.. but if you're trading canadian gdp.. trade the eur/cad, that should be a good pair for that report.

 

[Music_Producer]

13 pips on GBP/USD trade (US reports came out slightly better than expected)

 

[~Shard~]

No trade for me this morning. I was all ready to go, but GBPUSD didn't move a heck of a lot (9584 down to 9578) nor did USDCAD - as you said Music_Producer, perhaps EURCAD would have been a better pair to watch. Ah well, there will be more trades next week...

 

[~Shard~]

13 pips on GBP/USD trade (US reports came out slightly better than expected)

Hey, how did you get 13 pips?! I swear I didn't even see the pair move that much!

Regardless, good work!

 

[Music_Producer]

Hey, how did you get 13 pips?! I swear I didn't even see the pair move that much!

Regardless, good work!

I got in at 1.9585 and got out at 1.9572. not on the first spike.. but a later one. In fact, after I got out it dipped further.. and after a few minutes it went as low as 1.9556 (or lower.. i stopped paying attention after that because i was a little mad )

Canadians don't care about their gdp that much, so i usually never trade that

 

[~Shard~]

I got in at 1.9585 and got out at 1.9572. not on the first spike.. but a later one. In fact, after I got out it dipped further.. and after a few minutes it went as low as 1.9556 (or lower.. i stopped paying attention after that because i was a little mad )

Ah, okay, that makes sense - I thought you were trading the initial spike like usual, and as I said, I didn't see a 13 pip spread there!

Canadians don't care about their gdp that much, so i usually never trade that

Yeah, we're a pretty carefree bunch up here...

 

[Music_Producer]

Yeah, we're a pretty carefree bunch up here...

You have to be.. with all those indoor pools

Chicago pmi came out earlier than 6.45 am.. came out 2-3 minutes early.. caught me by surprise.. so I missed that one. Ahh, think I've made enough for today. Have a good weekend everyone

ps - gbp looks very bullish - impressive fight in spite of all the USD positive reports.

 

[~Shard~]

Haha - indoor pools are by no means the norm around here...

Well, I'm at work now so no more trades this week. I'll have to check the calendar to see what to watch for next week...

 

[nhallmark]

I just got my internet back...needless to say I didn't get to trade this morning. We had a bad storm last night and everyone in our area(even starbucks!) got taken offline.

Music_Producer, I was looking at EUR/CAD last night and I was going to try and use my super powers to trade the CAD GDP on EUR/CAD and the US PCE on GBP/USD at the same time ...good thing my internet went out or I'd probably be in a loss right now from getting confused.

Hopefully next week will be better.

 

[~Shard~]

I just got my internet back...needless to say I didn't get to trade this morning. We had a bad storm last night and everyone in our area(even starbucks!) got taken offline.

Music_Producer, I was looking at EUR/CAD last night and I was going to try and use my super powers to trade the CAD GDP on EUR/CAD and the US PCE on GBP/USD at the same time ...good thing my internet went out or I'd probably be in a loss right now from getting confused.

Hopefully next week will be better.

Yeah, it's usually best to focus just on one pair. I've tried trading a couple pairs simultaneously, and although it's worked a couple times, it definitely isn't as effective in the long run - After all, no one's reflexes are that quick!

 

[Music_Producer]

I just got my internet back...needless to say I didn't get to trade this morning. We had a bad storm last night and everyone in our area(even starbucks!) got taken offline.

Music_Producer, I was looking at EUR/CAD last night and I was going to try and use my super powers to trade the CAD GDP on EUR/CAD and the US PCE on GBP/USD at the same time ...good thing my internet went out or I'd probably be in a loss right now from getting confused.

Hopefully next week will be better.

I was wondering where you disappeared.. assumed that you probably overslept. Too bad your superpowers couldn't get your internet back up in time for the trades You didn't miss much though.

As I posted earlier.. that the gbp seemed to show a lot of resistance to selling.. in spite of positive US reports.. so before going to sleep (8 am) I bought a very small lot of gbp/usd, expecting it go up maybe 20-25 pips. I woke up in the afternoon and discovered that it had gone up more than 100 pips! I quickly closed my position and wondered what the hell was going on.

I knew there were no economic reports after all the US reports were done and I thought maybe all the technical stars aligned (super MACDs!).. but apparently, there were rumors that the US is going to attack Iran and something about US and China trade issues.. I don't remember exactly what it was.. but quite a few reasons for everyone to sell the dollar.

This was one of those trades where I just got in for the heck of it.. no stop losses nothing.. it could have gone for a 100 pip loss as well .. but now I wish i had bought 1,000,000 units