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- peterM replied Sep 8, 2007
thanks for the post.. Maybe shorter time frames would be a better option when the daily charts are ranging, I will have to look into that.
Simple 5 / 8 moving average crossover
- peterM replied Sep 8, 2007
Hi there, If its news spikes you want to trade, I don't think its going to work with spreadbetting, they are a bookmaker and often do all they can to screw you during the news. You will need a proper FX broker, rather than a bookie. I don't trade ...
News Trading in the UK : how & who to trade with
- peterM replied Sep 8, 2007
I have traded FX options if that counts. I have taken medium term speculative positions on various pairs with some great results. The big advantage of options for me is that you know the maximum loss right from the start, it is the premium. There is ...
Apart from Forex what other market you trade?
- peterM replied Sep 8, 2007
a chf/jpy is a hedge to a degree. Historically it has provided little protection in a major carry trade unwinding and would have caused a margin call during the recent major unwind if too much leverage was used. Also, as you are essentially buying ...
Hedged Carry Trading
- peterM replied Sep 8, 2007
I personally use the daily chart but slkosier seems to be doing well with currently with the hourly charts. I have never tried that as I only trade daily and weekly charts personally.
Simple 5 / 8 moving average crossover
- peterM replied Sep 7, 2007
Great, I've not tried it on the smaller timeframes, let us know of your progress

Simple 5 / 8 moving average crossover
- peterM replied Sep 7, 2007
Waiting for a cross on nzd/usd to the upside.. It could be coming early next week. we will se.
Simple 5 / 8 moving average crossover
- peterM replied Sep 6, 2007
I must disagree with that statement. NZD/JPY is much more volatile than GBP/JPY. During the last carry unwind NZD/JPY fell by around 24%, whilst GBP/JPY fell by around 13%. I suspect it will remain this way as long as there is such a large ...
Using the GBP/JPY to trade U.S. news?
- peterM replied Sep 5, 2007
I personally prefer UK Brokers that are regulated by the FSA. The FSA are more strict than the US NFA. I don't trust most US brokers at all, especially the smaller ones. There are a few brokers who were regulated by the FSA and went bankrupt and ...
Which Dealing Firm I Can Trust?
- peterM replied Sep 5, 2007
I'm not sure about that.. GBP/JPY would move with the US news if USD/JPY and GBP/USD did not move by equal % amounts during the news. Does this happen often, is there any pattern to it ?
Using the GBP/JPY to trade U.S. news?
- peterM replied Sep 5, 2007
i think a rate cut is certainly a possibly
Do you see a rate cut this month?
- peterM replied Sep 5, 2007
Thanks for the post.. That does sound very interesting. Do you get many signals that way?
Simple 5 / 8 moving average crossover
- peterM replied Sep 5, 2007
Yeah, thats the thing I like about trading daily charts, the labour requirements are often much lower than intraday!
Simple 5 / 8 moving average crossover
- peterM replied Sep 5, 2007
Yeah, everytime I logon and read the forum I learn something new. It's a great resource and its free :-)
What is 41.4% retracement???