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Anyone here into FOREX?

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~Shard~ said:
Yeah, I've had that dilemma as well - and hindsight doesn't help it sometimes. ;) I think though, as corny as it might sound, intuition and so forth does have a part to play in trading. You can't go with it blindly of course, but there's something to be said about it and it shouldn't ignored. After all, the markets aren't exactly an exact science and are quite chaotic, so why not through some "impulsive trading" in every once and a while! :D ;)
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Yes, I know this feeling.
The odds are 50-50 that your right :) or wrong :mad: :D

Too bad we dont have a crystal ball to see into the future.
 
I just watched it...I didn't think it deviated enough. I also stayed out of the AUD trade balance last night because the statement was coming out at the same time...I wish I could of caught that :p

Anyway, Im sitting here typing this on my new MBP and I couldn't be happier! :D

Good job on the trades, guys!
 
nhallmark said:
I just watched it...I didn't think it deviated enough. I also stayed out of the AUD trade balance last night because the statement was coming out at the same time...I wish I could of caught that :p

Anyway, Im sitting here typing this on my new MBP and I couldn't be happier! :D

Good job on the trades, guys!
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Good man, which MBP did you get?
I just bought a MBP P/N MA609LL/A a week or so ago myself.
I installed Bootcamp v 1.2 and Vista on it and got the Speck clear cover for it.
Love this thing!

Did you buy it as a result of all the profits from playing in the forex? :D
 
Windows - Meta Trader 4 (MT4)

I currently use MT 4 on a Vista laptop. (FYI - I have 3 macs (g4's...) and a dell that my work provides me).

I have used a lot of platforms that range from suck to great. I still have an Oanda account that I have not logged into in several months....

I have been using MT4 and have been hooked on it. I thought that the DealBook 360 by GFT was great, but it is actually overkill.

The reason for this post, is that obviously I am a Mac fan , but I don't like Oanda. (It seems that it will not save the trendlines that i like to draw, etc between logins)

What are Mac users trading FX with (to finally get to the point)
 
OceanView said:
Good man, which MBP did you get?
I just bought a MBP P/N MA609LL/A a week or so ago myself.
I installed Bootcamp v 1.2 and Vista on it and got the Speck clear cover for it.
Love this thing!

Did you buy it as a result of all the profits from playing in the forex? :D
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Uh...I got the gray one :p

Seriously, you lost me with the "P/N MA609LL/A". What does all that mean?

I got an "open box" core duo 15" with 2gb ram from powermax and I opted for parallels and xp. And I got the RadTech microfiber sleeve for a cover.

Are you having any problems with vista?

paulbaker said:
I currently use MT 4 on a Vista laptop. (FYI - I have 3 macs (g4's...) and a dell that my work provides me).

I have used a lot of platforms that range from suck to great. I still have an Oanda account that I have not logged into in several months....

I have been using MT4 and have been hooked on it. I thought that the DealBook 360 by GFT was great, but it is actually overkill.

The reason for this post, is that obviously I am a Mac fan , but I don't like Oanda. (It seems that it will not save the trendlines that i like to draw, etc between logins)

What are Mac users trading FX with (to finally get to the point)
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You can save your stuff on oanda...just add your indicators, trend lines, etc. and click tools>save current layout.

I use MT4 a lot. It's the easiest to work with for technicals IMHO.

Most of us here are using CMC which is windows only, but you knew that, right? :p
 
Yeah, CMC is by no means the best, but it works fairly well and seems to be the lesser of evils at times - the trade off is re-quotes for fixed spreads... :rolleyes: ;)

Anyway, my wife is a Director of Strategic Business Development, focusing on corporate finance, governance, authoring business plans, etc. She receives private reports from RBC on a daily basis through their (expensive!) paid subscription service and passes along the reports of interest to me. Usually they deal with stocks and commodities, but today there was a currency report. Nothing too surprising, but I thought I would share it regardless for what it's worth. Good reading and some insight to take into consideration... :cool:
 
nhallmark said:
Uh...I got the gray one :p

Seriously, you lost me with the "P/N MA609LL/A". What does all that mean?

I got an "open box" core duo 15" with 2gb ram from powermax and I opted for parallels and xp. And I got the RadTech microfiber sleeve for a cover.

Are you having any problems with vista?
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Nathan,

That was a part number of the model that I bought.
Basically it's the cheapest MBP currently available from Apple with the 15.4" screen.

* 2.16GHz Intel Core 2 Duo
* 1440 x 900 pixels
* 1GB memory
* 120GB hard drive1
* 6x double-layer SuperDrive
* ATI Mobility Radeon X1600 graphics with 128MB SDRAM

No problems with Vista at the moment. If you need windows based software, running XP or Vista is a good option on the Mac.
 
Oanda

I guess that I can't get the hang of Oanda. Does Oanda have leverage of 1:100? I guess I don't understand what is so great about them.

I got a demo account today for "Forex Club" (.com). It seems that they tried to make MT 4, but missed the mark.

What else are folks using besides CMC? And I would like to know who is all Mac?
 
I made 16 pips on AUD retail sales :D Did you guys trade it?

OceanView, I was going to get that same one but I saw the deal on powermax with 2gb of ram for $200 less...the tradeoff was getting a core duo instead of a core 2 duo though.

paulbaker, unless youre on oanda its practically impossible to be "all mac" with forex.

Im running xp on my macbook pro and thats about as close as you can get at the moment.

Oanda's leverage is 50:1 max, I think. And all the hype about oanda at the beginning of this thread was before they started widening their spreads to 20 pips during news.

So, youre right....there is nothing great about them :p
 
nhallmark said:
I made 16 pips on AUD retail sales :D Did you guys trade it?
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I'm currently at 30 pips :D I decided to hold on.. I'll close my position in a few minutes now though as the price seems to be stabilizing. Aussie $ tends to go on after a report in whatever direction that it started.. and the retail sales were amazing.
 
Music_Producer said:
I'm currently at 30 pips :D I decided to hold on.. I'll close my position in a few minutes now though as the price seems to be stabilizing. Aussie $ tends to go on after a report in whatever direction that it started.. and the retail sales were amazing.
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Good job, man! I've been thinking about doing that also because the AUD reports do tend to go further after the initial spike.

Anyway, let us know when you close and how much you got ;)
 
nhallmark said:
Good job, man! I've been thinking about doing that also because the AUD reports do tend to go further after the initial spike.

Anyway, let us know when you close and how much you got ;)
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Closed it for 33 pips, price seems stuck at 0.8300 level.. those darn building approval reports came out pretty negative.. if that wasn't the case.. aussie $ would have easily reached 0.8350.

On wednesday we have some good nz and aussie reports.. US interest rate, i don't think anything's happening there.
 
More on Oanda...

I have been playing with the platform ton give it some due diligence..and I have to say that I am coming around on it to the point of almost liking it.

What good are they though if they widen their spread so much during a morning run (CST) (-6 GMT). Most of the time, I would tend to think that these initial runs are 20 to 30 pip bursts before they take a breath.... Are you saying that Oanda won't even let you in on a run if you are there to catch it?


Also, I am a purely technical trader, and have always felt that price already reflects current knowlede...maybe this is not so true in FX...don't know...but I know as I read this forum that a whole lot of you are into news reports...Are you all basically going off of a published economic calendar and then watching...or is there more to it than meets the eye.

ALso, also, I have gone overkill on technical studies, planets aligning, God smiling, etc., I find the best and most reliable is rudimentary trendlines and well established support / resistance horizontal lines...no oscilators, no SMA's, no fibo, no duck quacking...

I am however always open to sound advice.
 
Music_Producer said:
I'm currently at 30 pips :D I decided to hold on.. I'll close my position in a few minutes now though as the price seems to be stabilizing. Aussie $ tends to go on after a report in whatever direction that it started.. and the retail sales were amazing.
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I've noticed this on a few reports lately.
Is it possible to go short or long (depending on the direction) with stops and limits to maximize on the news? I've done this a few times last week and made 25 plus pips by just letting it ride.
 
Can anyone comment on why the GBP/USD went down even though the FED Interest rate was not changed? I thought it would go up. :confused:
 
17 pips on aussie trade.. 2 million units :D My carry trade is looking good too..aussie numbers came out way positive.. i might just move there :p
 
uh...did you guys trade the AUD employment change?

That was crazy :eek: ...I saw it jump up like 20 pips in one tick before I got the news so I stayed out.

Edit: Damn, you traded $2mil on CMC? good job!
 
nhallmark said:
uh...did you guys trade the AUD employment change?

That was crazy :eek: ...I saw it jump up like 20 pips in one tick before I got the news so I stayed out.

Edit: Damn, you traded $2mil on CMC? good job!
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Yeah, I saw a couple of spikes actually.. it would hover from 0.8288 to 0.8305 or so.. and back and forth.. sure had me on the edge of my seat!

Well with this profit cmc will probably clamp down on all my future trades :rolleyes:
 
OceanView said:
Can anyone comment on why the GBP/USD went down even though the FED Interest rate was not changed? I thought it would go up. :confused:
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Ocean, you n00b :D Almost everyone knows that US interest rates will remain untouched all of 2007.. in fact, some are even expecting a rate cut (due to the housing problems) So the fact that they left rates the same, coupled with the Fed statement that they are concerned about inflation (and slow growth as well) boosted the $ a bit.

This time no one was trading the rate decision, but the statement made accompanying that decision.

I usually never trade US, EUR and Canadian interest rate decisions. UK interest rate decisions on the other hand are quite unpredictable.. so I look out for those.
 
Music_Producer said:
Ocean, you n00b :D Almost everyone knows that US interest rates will remain untouched all of 2007.. in fact, some are even expecting a rate cut (due to the housing problems) So the fact that they left rates the same, coupled with the Fed statement that they are concerned about inflation (and slow growth as well) boosted the $ a bit.

This time no one was trading the rate decision, but the statement made accompanying that decision.

I usually never trade US, EUR and Canadian interest rate decisions. UK interest rate decisions on the other hand are quite unpredictable.. so I look out for those.
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Yes I am still a Noob :D
But that's why I am here trying to figure this out. Hoping to make some money so that I can quit my day job. ;)

I am having problems with my internet at home so I could not trade AUD last night and GBP this morning. Apparently someone else has the same MAC number as I have on my cable modem. How odd. :mad:
I should be ready to go for tomorrows CAD Employment change announcement.
 
nhallmark said:
I made 21 pips on CAD employment change. :D I assume you guys traded it?
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Yup, 19 here :) I won't be trading the US reports.. two important reports coming out at the same time.. and if they conflict.. can cause all kinds of problems. Of course, they could both come out good/bad but I figure by the time I process both reports, and enter the trade.. it might already be too late.. just don't want to take a risk.

Next trade - Sunday
 
Hell yeah :D I got 23 pips on NZD retail sales and I was trading 1 mil so Im really happy :D

The movement seemed really slow for some reason. Did you guys trade?

Edit: Good job, OceanView!
 
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