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Does anyone trade EUR/USD asian session? I've been fairly dedicated to the EUR/JPY, but I'm considering going to the EUR/USD. The EUR/USD certainly has less movement here, but it definitely has movement. For example, the EUR/USDs charts did have 60 pip ranges both today and yesterday (Thurs...

Thank you for your advice. If you see, though, I tend to calculate daily fluctuations by my trading capital only -- so, losing 19% would have really been about 3% down on my account for that -- not good, but I think it's manageable -- I use the bigger number so that I focus on my mistakes a bit...

From this point on in the thread, I will be primarily posting daily reflections after trading sessions (Mon-Wed or Tues-Wed ideally, unless exam schedule conflict), and also some reflections on outside market work if I stay on top of things. However, I will continue to answer questions whenever...

For all posts, please note that a trade is both in and out. Now, anyone that has seen a EUR/JPY chart from 6:30-10:30 knows that there is no reason to make about ten trades in an hour. There are usually 4-8 or so 20+ pip moves over those four hours, so catching one in three entries would...

These are my trading reflections for the week. Feel free to read them if you wish. Do note, however, that I did not have an entry on Monday, which was a huge day for me (up about 30% on my trading account or something rather insane -- lots of volatility. Tuesday 9/9/08 I have had far...

If I have not made it clear (and I don't think I have), I am trading paper right now. I will go live when two things happen: I get 9 of 10 or 10 of 10 straight profitable weeks (with such a short time frame on trades I think this is very attainable when I become good), and it is 2009 (brokerage...

Thank you FXAnalyst! I have been taking brief looks here and there on the EUR/USD for confirmations, as I interpreted it as the dominant pair. However, I do think this was an oversight on my part, so I will keep the eur/usd and usd/jpy on a split screen. Thank you for your advice.

Welcome to my thread. I am going to attempt to put my trading reflections and and critiques in this thread as much as I can, as I have a trading journal I do not write in, a reflection document I only type in sometimes, and a trade-by-trade journal I get lazy with as I fall 10 trades behind in...

Yeah it's not going to happen all the time, but even as it approaches R3 or S3 I like to know where the next midpoint is (I find midpoints just as respected as the actual pivot in a lot of cases). It's just one of the things I like to be aware of.

I agree with you bugscoe. My free time for trading is generally only about 3 hours per day, so I have been plotting the pivots on the EUR/JPY (asian session, not much movement on the Eur/usd during that period). So, I only provided a range for a few hundred pips, which I don't think have gone...

Thank you for the formula. However, as further common sense would suggest, it is the trending power of forex that creates a greater probability of opens below pivot levels and the continuation of that trend without testing the pivot level, therefore allowing prices/rates to have a greater...

No, I remember only that it was a cloudy derivation of s1/r1 or r2/s2 according to my book. Unfortunately I don't have my book where I am living now, so I will have to get back to you on that (just finished my weekend chart studying session, ready for bed. Will sift through google and trading...

Considering the trending power of forex, these levels would come into play rather often. Also, what was the proper way to calculate them? If I remember correctly, was it S2 - (Hi-Lo)? Thanks for your input. Greg

I believe mine are the same, and they are respected by the market. Thank you for your answer.

yes, exactly. It would be interesting to test them on very old market data. I put it on my to do list, but I have higher trading agendas until my college winter or summer breaks. Interesting study, and a good idea for a thread when I get around to it. Good luck trading. Greg

Thank you for your opinion, but I think your view is a bit shortsighted. It would make no sense to invent an indicator and then try to teach it to a bunch of traders until it works (especially if it didn't naturally). The pivot levels show relationships between the "typical" price...

I don't know what the difference for these are, and I would love for someone to explain them as well, but the best way to get the pivot levels is to put the formula into an excel spreadsheet (or program it into an indicator, if you know how to do that). Support and resistance levels are easy...

I understand what you are saying. The problem with me is that I don't have enough funds to make trading asian indices and equities worth my time (nor american for that matter). For options, the daytrading regulations would apply. As for futures, this would be a possibility, but again the...

Thank you very much for your help, cstfx. It seems I like the general charts on TOS (very good, but only go down to 1 min, rounded pips), the detailed Oanda charts (plotting tenths of pips on frames of 5 secs, 10 secs, 30 secs), and the spreads on hotspot (EUR/USD seems about the same on Oanda...

Thanks! I will definitely look into this. Is this the site? http://www.hotspotforex.com/ Also, is it listed in the reviews under the broker section here at ET? I don't see an entry for Knight Trading, Hotspot, or Vcap... I appreciate the help. Greg P.S. I actually just started the...