EUR/USD & GBP/USD & AUD/USD Forex Trading

Quote from increasenow:

...just looked at a 4 hour chart over the days...any more move up for euro and gbp and down for chf would mean 'into new territory'...therefore...I think it is oOB and OS...thoughts?
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My own experience has led to me to be of the opinion that OB and OS are two useless and extremely dangerous concepts, thankfully, I have managed to ban them forever from my thinking.
 
Quote from increasenow:

wow...you must use serious huge stops...what 100-200 pips...or...you are just a very good trader...as for the overbought/oversoled...just looked at a 4 hour chart over the days...any more move up for euro and gbp and down for chf would mean 'into new territory'...therefore...I think it is oOB and OS...thoughts?
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huge stops? 1.6477 - 1.6455= 22 pip stop.

Short term you might catch a few pips, I haven't seen a close above 1.6549. So I can see it going to 1.6513.. make a new low to lure the buyers back in.

I am locked onto majority of the trend. I have moved my stop-loss to 1.6500.

I try to get in when the trend starts, trading while the market is consolidating is too risky.
 
hi increase

On cable, that rally ran out of steam a while ago, shorts have been the go for the last 6 weeks ish now, longer tfs by the way.....
 
Quote from increasenow:

I adjusted this trade @ 4:38pm CST

stop: 1.6562
target: 1.6502
Trailing stop:
distance: 10
step: 30

Questions: do any of you use trailing stops? if yes how and what ratios?...like what I did above?
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real/live trading update...I got filled for a +40 pip profit at 1.6502 at 8:22pm CST last night...so, what was a -29 pip loss day yesterday turned into a +11 pip gain day for me...cool...I've not traded yet today...

I've got:
EUR/USD
GBP/USD
USD/CHF

currently on my trading screens...
 
Not on IBFX's chart....

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.....but it is on Collective...

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....but not on Forex Ltd...

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Quote from cabletrader:

Not on IBFX's chart....




.....but it is on Collective...

....but not on Forex Ltd...
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Quote from cstfx:

No. Neither IB, MBT or Oanda spiked down.
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Thanks for the replies ... curious business this forex business is.
 
that just goes to show how dealing desk and "non dealing desk" brokers are a bunch of crooks..

ECN pricing is the way to go.

From the looks of the spike. it actually opened 33~ pips lower than the previous close..

brokers who don't show you this kind of info are full of shit. especially ibfx's "no dealing desk." crooks.
 
real live trade made at 3:58pm CST

short 1 EUR/AUD at 1.7379

stop: 1.7414
target: 1.7279
trailing stop in place...

AUD/USD rally has got to stop and EUR/USD will regain speed...hence, I am bearish EUR/AUD...you?
 
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