I use limits all the time. If you do your homework then you will find they work just fine. 4 questions to answer. 1) Where is the trend? (i.e. the one you are seeking to cash in on. there will usually be several layers of trend going on at any one ...

Multi-Lot Multi-Timeframe Position trading

I picked up a long GBPJPY off a limit that triggered on the 181.60 support. Got up this morning to a nice surprise and worked it through on the hourlies. Out now coz I won't be around enough over rest of this week to build anything much.

Multi-Lot Multi-Timeframe Position trading

From the RBA minutes:- "They noted that the Australian dollar had depreciated noticeably against a rising US dollar over recent months, although less so against a basket of currencies, and that it remained above most estimates of its fundamental ...

Multi-Lot Multi-Timeframe Position trading

Thanks G - much food for thought

Multi-Lot Multi-Timeframe Position trading

Talk about timing... This just out on my news feed. a slower pace of tightening perhaps?

Multi-Lot Multi-Timeframe Position trading

Thanks. Yes. the fundy's still say essentially the same (as I said in an earlier post) according to my reading although I think that US is perhaps not quite so strong as it was 3 months ago. What has me spooked is the extreme one-sidedness of this ...

Multi-Lot Multi-Timeframe Position trading

Hi G It just occured to me to ask, I hope you don't mind us discussing the current situation here in the thread. With it being related to the ethos of your methodology of backing up with underlying fundamentals I hoped it would be sufficiently on ...

Multi-Lot Multi-Timeframe Position trading

Yeah I'm not quite ready to call a bottom just yet but rather trading the smaller swings back and forth until clarity resumes. Underlying that I have a small amount of cable long (looks more promising) a little fiber short and short some chunnel to ...

Multi-Lot Multi-Timeframe Position trading

Hi EZ I too am wrestling with the Euro story and watching very closely. It is very one-sided as you say. andI can't fault your analysis. COT is very short indeed (but can always go further). Everyone and their aunt are talking Euro/Dollar parity or ...

Multi-Lot Multi-Timeframe Position trading

Agree completely. I'm mostly flat right now awaiting developements.

Multi-Lot Multi-Timeframe Position trading

Yes. NFP's tomorrow will hopefully shed more light. My thoughts are these. Eur is finding some respite with QE in the mix and priced in. specualtion about it and pressure on the currency seem to have reduced, while the Dollar is a little stalled on ...

Multi-Lot Multi-Timeframe Position trading

C$ is also losing some of its lustre

Multi-Lot Multi-Timeframe Position trading

Looking through the news items (specifically about oil's 3 day bounce) I heard a quote in an interview that I thought was worth repeating. "The market can remain Illogical for much longer than we can remain solvent." Regards NB

Multi-Lot Multi-Timeframe Position trading

He went on to say how the economy was in a good position and talk about strength and growth and of course potential interest rate rises. One wonders how he can talk the currency down against a backdrop of a higher interest rate and expanding Yield ...

Multi-Lot Multi-Timeframe Position trading

In case anyone missed it. Taken from RBNZ governors' speech this evening. The New Zealand dollar exchange rate is at exceptional levels compared with its history. The Trade Weighted Index (TWI) is above its 90th percentile calculated from historical ...

Multi-Lot Multi-Timeframe Position trading

Hi G Thanks for the welcome and especially for the info. Clearly I need to be more selective on my initial entries then and perhaps a little more tollerant (but that is a subject for statistical analysis). I'm working primarily off price action and ...

Multi-Lot Multi-Timeframe Position trading

Hi Graviton And congrats on a very well thought out approach. I first came across this thread nearly a year ago and it was very wordy and talked about concepts I already knew and used so I dismissed it and didn't read beyond the first few posts. I ...

Multi-Lot Multi-Timeframe Position trading

Thanks. I've been reading the help files and am now totally mystified. Not a clue how to use it now it's in the right place. I must have something turned off that should be turned on. will try some more later. Thanks NB

Chart linking - Seeking way to change pair on connected chart?

Thanks. I've struggled with this to get it working. Can't even find it from mt4. Where does it need to be placed (folder) and how do I tell MT$ it's there please. Many thanks NB

Chart linking - Seeking way to change pair on connected chart?