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

Quote from cabletrader:

Thanks for the vote of confidence, some of these guys are better traders than me though I expect, it's all smoke and mirrors (and a bit of luck apparently!) :)

I do use fundamentals for longer term trades and then technicals for entries and exits. Having said that I'm not an economist and to be honest I don't understand half of it so I rely on the real gurus who have proved consistent over the years. I've found Bloomberg and Reuters are great sources for info about how the market is biased in the medium term or viewing upcoming data and it's potential impact.

For short term intraday trades (scalping) I'll use anything I can make use of if I think it can help!

How about you, what are you trading? Technicals? Fundamentals? Short/long term?
More...

I currently trade equities, but have been playing around with some forex demos in the evening lately. My equity trading consists of fundamental analysis as well as technical, depending on the time frame.

If you would let me, I wouldn't mind picking your brain on some forex topics. Question #1, are you an exclusive cable trader?
 
Quote from Kassz007:
I currently trade equities, but have been playing around with some forex demos in the evening lately. My equity trading consists of fundamental analysis as well as technical, depending on the time frame.
More...

That's good, you've got trading experience. Although I haven't traded equities I believe similar TA can be equally applied to forex, I don't think the transition is too great, have you found that? Fundamentals are probably a different story, the forex market can sometimes react unpredictably to data in the short term. At the end of the day it's all trading and the same basic rules apply, you probably already know that.


Quote from Kassz007:
If you would let me, I wouldn't mind picking your brain on some forex topics. Question #1, are you an exclusive cable trader?
More...

Feel free, for what they're worth! If I can't answer something then I'm sure there's someone around here who can.

I'll trade anything that moves, not just cable, sterling is just my home currency. For intraday scalping I prefer pairs with a narrow spread for obvious reasons but I went through a spell of Eur/Aud a while back (6 or 8 pip spread) which was still ok despite paying 8 pips for just a 5 pip return sometimes!

Out of interest what made you go for an unregulated 'wild west' market like forex, I thought you equities guys were making a killing in this rally! Too easy huh, needed a challenge? :)
 
Quote from cabletrader:

That's good, you've got trading experience. Although I haven't traded equities I believe similar TA can be equally applied to forex, I don't think the transition is too great, have you found that? Fundamentals are probably a different story, the forex market can sometimes react unpredictably to data in the short term. At the end of the day it's all trading and the same basic rules apply, you probably already know that.




Feel free, for what they're worth! If I can't answer something then I'm sure there's someone around here who can.

I'll trade anything that moves, not just cable, sterling is just my home currency. For intraday scalping I prefer pairs with a narrow spread for obvious reasons but I went through a spell of Eur/Aud a while back (6 or 8 pip spread) which was still ok despite paying 8 pips for just a 5 pip return sometimes!

Out of interest what made you go for an unregulated 'wild west' market like forex, I thought you equities guys were making a killing in this rally! Too easy huh, needed a challenge? :)
More...

Well, I haven't exactly decided to go into the forex market yet, right now I'm just testing the waters on demo. This has been a good year in equities, for sure, but I am no expert trader myself. I make a decent living, but an unstable one. My reason for dabbling in forex is the ability to trade 24 hrs with great liquidity. I live in Canada and my background is in accounting and economics.

What time of the day do you find best for your trading? Why? The overlap sessions seem to be most preferred in general, is this true for you as well?
 
Quote from Kassz007:


What time of the day do you find best for your trading? Why?
More...

Usually between around 7am and 4pm (2am - 11am EST), it's the most active time plus I live in UK and I don't like trading in the middle of the night :)
 
Missed a couple big moves on the way up, but grabbed a few small ones.
May see a pullback before .9000 (near .8980?), but no shorts yet.

s6ulva.jpg
 
You must log in or register to reply here.
Back
Top