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magicfx replied Nov 30, 2006One thing that amazes me about news traders is that the moment they either see the data release or see the spike, they trade, even against the trend
The trend is your friend: if you dont miss the boat
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magicfx replied Nov 28, 2006well done steve, thats what will make you one of the 5%, sticking to your plan even if i miss an entry point by five pips, i wont trade it, i wait for what i want, and when i can get it miss a trade, then theres a million others that will follow ...
Steviet's Live Trades!
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magicfx replied Nov 26, 2006and if the big boys have entered the market, theres only one way its going
Big Boys DID IT AGAIN
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magicfx replied Nov 26, 2006eur/usd @ 1.3180 — its true - heres the news from fxcm trading platform three minutes ago 20:23 USD: Under Heavy Selling Pressure In Early Trading] Sydney November 27. Dealers report order books loaded with stop losses this morning, many ...
Big Boys DID IT AGAIN
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magicfx replied Nov 26, 2006its true, todays news from fxcm platform is as follows 20:23 USD: Under Heavy Selling Pressure In Early Trading] Sydney November 27. Dealers report order books loaded with stop losses this morning, many option related, as players short volatility ...
Big Boys DID IT AGAIN
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magicfx replied Nov 26, 2006nice one mr trend, and all the best of luck, i hope you get the extra pips on opening, then it will be mighty fine and dandy. i cant see much reason to short the eur/usd at the moment and i guess everyone else feels the same again if these posts are ...
Big Boys DID IT AGAIN
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magicfx replied Nov 26, 2006if true, why does it not show on bloomberg? or anywhere else?
Big Boys DID IT AGAIN
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magicfx replied Nov 26, 2006normally on friday if there is a big move due to fundamentals or technicals by around 3/4 pm gmt you should see a dip or part retracement, as with last friday and the friday before this did not happen and the trend continued I can see no news next ...
GBPUSD
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magicfx replied Nov 23, 2006Not sure that i have been trading against my broker, and stop loss chasing is part of a trading strategy and knowing how the markets work it gives trades more momentum cant see how a broker can influence that, it takes a heck of a lot of money to ...
The pumpers and dumpers of forex
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magicfx replied Nov 21, 2006help needed — my live trading plan for this week is not to trade live, the week and the charts didnt fit my trading strategy. So i decided to demo trade and practice trading during low volumes and quiet times, just getting a few pips here and ...
Cable Update (GBPUSD)
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magicfx replied Nov 21, 2006LOL!! 1 pip is better than a loss, i missed my limits on my demo trade, so i may be tempted by one pip, just to keep my trading record if it goes back down, target eur/usd 1.2810, gbp/usd 1.8970 for one pip though they both went well into profit 10 ...
Cable Update (GBPUSD)
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magicfx replied Nov 21, 2006A few months ago there was a light aircraft crash into a building in the us, and that caused a 30 pip movement around 7.00p.m. gmt As for 9/11 lost a fortune, the days events were such that it didnt even cross my mind to call my broker!
What had happened to US Dollar on 9/11
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magicfx replied Nov 21, 2006i remember many years ago when the uk markets closed the ftse spiked about 3000 pips a split second before market close, it was reported as a glitch, thought i had become a millionaire over night! oh them were days! but it happens
35 pip spike on majors?
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magicfx replied Nov 21, 2006when theres nothing to trade, why bother! as i said in my trading plan, no news, no direction, to risky, will demo trade this week instead will be like this all week! wait till thursday/friday then you really will snooze
zzz...
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my trading plan - for week starting 19 nove
Started Nov 19, 2006|Trading Discussion|0 replies
my trading plan for week beginning 19 november 2006 this week i will place no live trades, I ...
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magicfx replied Nov 17, 2006thats what i am waiting for, been in short on one of my trades for ages just want to give it one last boost
US Housing Starts
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magicfx replied Nov 17, 2006i feel a large movement coming, managed to close mine in profit after a disaster with my system if only the gbp/usd will break that 1.8845/50 mark!
US Housing Starts
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magicfx replied Nov 17, 2006spotted that support to and its the only thing stopping my trade trade from closing, managed to set my stop to lock in my profits from yesterday just before my system crashed and died, at the mercy of the markets today, just hope i can get to a ...
Cable Support