Scaled in one more EUR/USD and one more GBP/USD sell order - Same SL and same TP

Third Screen Strategy - Dr. Alexander Elder

3.3 is not THAT bad... Unless of course you are using some sort of High Frequency trading EA (bot) and are doing hundreds or even thousands of trades a month. I'm getting 2.7 with FXCM... I could care less about 2-5 pip difference in spread as I ...

AUD/USD

Real-Time Technical Analysis for Multiple Currency Pairs

Third Screen Strategy - Dr. Alexander Elder

Just placed a Sell order for EUR/USD MACD: D1 showing Down Trend on EUR/USD Williams %: H1 just hit "over bought" territory. Sell: 1.2725 SL: 1.2885 (160) TP: 1.2405 (320) Just placed a Sell order for GBP/USD MACD: D1 showing Down Trend on GBP/USD ...

Third Screen Strategy - Dr. Alexander Elder

You mind me asking what is the reasoning behind this short? Thanks!

AUD/USD

Alright, thanks Strat.

Strat's Long Term Stress Free Trading

I posted the following on November 8: **I'm not ready to short AUD/USD quite yet. Looking at weekly charts for AUD/USD, AUD/NZD, and AUD/CAD tells me all of these currency pairs still have more room to go towards the upside. Also, GBP/AUD and ...

AUD/USD

Hahaha... Nice post PT!

EurAnalysis

Strat, I've read through your website again, actually twice this weekend and am starting to read through it one more time. Trying to soak in the information as best as possible. Also, I've been looking at Weekly charts for multiple pairs the entire ...

Strat's Long Term Stress Free Trading

Thanks for the explanation Lumesh. Where do you find this type of chart?

EurAnalysis

Damn.... "Big Brother" is definitely getting out of hand in regards to Regulation! It will probably get even worse now that Obama is in for his 2nd term, time to see his true colors.

EurAnalysis

Really? I guess a trader would need to figure out if that type of perk would be worth it or not. I could see this being beneficial for high frequency trading, but for a position (or even Swing) trader, maybe not so much. I have never heard of this ...

EurAnalysis

Interesting how that works... It may not be your account and your profits but you'd probably make a nice Christmas bonus check!

EurAnalysis

I must say the concept is very interesting! But you may be right as far as retail goes. However, if the person speaking is with a multi-billion dollar hedge fund they are more than likely getting inter bank rates which I've heard (could be wrong) do ...

EurAnalysis

You're welcome Ken. You got that right, probably why AUD has been so strong lately. But...... "Nothing lasts forever..."

EurAnalysis

Take a look at this Ken: url

EurAnalysis

Yep, I'm counting on it! Just not quite yet... Looking for re-test of weekly downward TL at about 1.058 or so. I'm going to go short at that level and look to build long term short positions. I really don't see A/U going to 1.08 = 1.10 again. Not ...

EurAnalysis

Interesting... Learn something new every day! E/A is definitely at a pretty solid support area right now @ 1.22 when looking at a weekly chart. Once broken and confirmed then 1.17 - 1.16 is next. At that time I will see how support reacts to ...

EurAnalysis

That's what I was thinking as well... My target is still 1.17 for E/A and when I saw the open orders at that level I went to take a look again at my weekly/monthly support levels to see if that area was of any real significance. Besides 1.20 being a ...

EurAnalysis

I have some questions in regards to "Open Positions" and how reliable they are when looking at Oanda retail accounts. For example: Looking at EUR/AUD I notice pretty large buy orders at about 1.2050. These "open orders" would show up on the graph if ...

EurAnalysis