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plymgary replied Dec 27, 2018Placed a sell on WTI. Price also breached a minor support level so I'll see how this one plays out. The lack of volume in the markets is a slight concern though.
(binned per thread starter's request) Easy pullback strategy
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plymgary replied Dec 21, 2018Got my eye on this one too. Hopefully it will reach oversold on Monday/Tuesday. The three orders I've placed with this method so far have reached BE. ETA: I'm going by the 4hr chart.
(binned per thread starter's request) Easy pullback strategy
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plymgary replied Dec 20, 2018Really promising so far. Hopefully it'll remain profitable for the next 3 months. I'm sticking with the original instructions of following the trend.
(binned per thread starter's request) Easy pullback strategy
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plymgary replied Dec 18, 2018Hi. This looks interesting, thanks for sharing. Trying this strategy on demo (4 hr charts) with a few of my own rules: 1. I'm still following the rules of ensuring price is below/under the EMA on the three time-frames. But: 2. I'm waiting for the ...
(binned per thread starter's request) Easy pullback strategy
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plymgary replied Nov 30, 2018I've learnt it's a mugs game and nothing more than glorified gambling. I'm going to withdraw my money before I throw it down the drain with the fallacy that you can 'win' at Forex. I'll look to invest it elsewhere.
It's been 3 years what have I learned?
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plymgary replied Nov 22, 2018Would have been nice to consider an order on this pair next week. Annoyingly though, the retail figures q/q are released before the retail forex markets open. By the time it's they're opened any big changes will already have been priced in. Couldn't ...
AUD/NZD
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plymgary replied Nov 22, 2018Brexit document leaked. This is why I've turned to news trading.
Cable Update (GBPUSD)
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plymgary replied Nov 20, 2018Yep. I've got my eye on this at the moment too, and looking to short. If there's an drop in US crude oil inventories later today I'll go for it. If not I'll wait to see what happens with: Saudi sanctions US/China trade talks or, The OPEC meeting on ...
USD/CAD
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plymgary commented Nov 15, 2018Waiting for a confirmed no confidence vote. In that case I'd be shorting GBP/USD. Would aim for 1.22.
Senior eurosceptic UK conservative lawmaker Rees-Mogg has submitted letter of no confidence in...
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plymgary commented Nov 15, 2018I wouldn't be so confident about going long on GBP. I'm going to look at the political developments today as there's whispers of a vote of no confidence in the PM. Should that happen then I think the GBP will tumble again? I'm going to be glued to ...
May’s Brexit deal does not mean its time to long the Pound
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plymgary commented Nov 14, 2018Lesson learnt today: Trade confirmed news. Ignore the rumours.
Minister: "Two members of the Cabinet will resign today". Me: "Who?" Minister: "Penny Mordaunt...
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plymgary commented Nov 13, 2018You can sign up for a free demo account with FX Pro. Even if you never use it you then have access to their free Squawk service so you get breaking news within seconds of it happening.
Brexit latest: Cabinet sources say May’s pivotal 5 senior ministers - Raab, Hunt, Javid, Gove...
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plymgary replied Nov 13, 2018I usually consider both price action and high-impact news when it comes to my trades. I'm throwing that out of the window with regards to the GBP and EUR though! I'm going to trade on only 'solid' Brexit news. Tomorrow I'll be selling if there's no ...
Cable Update (GBPUSD)
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plymgary replied Nov 12, 2018I've got my eye on this one too. Waiting for the first 4hr close to show a down pressure. Will try a short then.
USD/CHF
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Did anyone here trade before the Euro?
Started Nov 9, 2018|Trading Discussion|2 replies
Did anyone on this forum ever trade before the Euro was launched? If so, what was it like and ...
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plymgary replied Nov 7, 2018I didn't place any orders last night as I think the markets had correctly predicted the result and priced accordingly. Therefore, I think it might be a little choppy for a few days? I prefer longer positions so only pull the trigger if I think a ...
US Midterms - How will it affect the FX markets?
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plymgary commented Nov 6, 2018Isn't it way too early for Fox to be calling this?
Democrats will win control of U.S. House of Representatives -Fox News Channel
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plymgary commented Nov 6, 2018Without getting in to the politics of it (and speaking purely on FX terms) that would be good for the USD. It would probably go through the roof!
US midterm elections: FiveThirtyEight shows 53.8% probability of Democrats winning House
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plymgary replied Nov 6, 2018I'm ready to pounce on a USD/JPY long should the Republicans hold the Congress. However, I know that's improbable, so will probably end up not taking a position until later in the week. Until then, there's some interesting NZD news this evening. ...
US Midterms - How will it affect the FX markets?