- Search Forex Factory
- thegunslinger replied Mar 18, 2009
Federal Open Market Committee. They are one of the two parts that make up the Federal Reserve - the central bank of the US which dictates/controls monetary policy.
113 pip on candle on FOMC...
- thegunslinger replied Mar 18, 2009
Agreed. I have long trades in both the EUR and AUD and both pairs had a similar candle print Monday. I very strongly considered exiting my trades for small profits at that point, thinking "crap, this is an inverted hammer we're going to retrace." ...
Strat's Long Term Stress Free Trading
- thegunslinger replied Mar 17, 2009
Hanging around... — Sup folks, Well I got in on a EUR/USD long position early Monday morning. I will say that the daily bar yesterday has scared me and it may have been wise to just take the small amount of profits I had at that point and ...
Strat's Long Term Stress Free Trading
- thegunslinger replied Mar 16, 2009
I must be professional then... — My first thought when I see a trade setup is how much could I possibly lose placing a logical stop-loss at the nearest swing or S/R level. This is basically Risk-to-Reward analysis and should be a major part of ...
Strat's Long Term Stress Free Trading
- thegunslinger replied Mar 15, 2009
It's tick data, so while not as 100% accurate as true volume it is a decent substitute. ATR with a 1-day period (I see someone using it) is also something like 80% correlated to volume so can be used in its absence.
Trading setups around SR Zones
- thegunslinger replied Mar 14, 2009
Swings are a very important factor in my analysis. If we're testing resistance and it's at the previous swing high, thats just further confirmation to go long when resistance breaks. Look at my recent AUDUSD long position entry. The larger pattern ...
Trading setups around SR Zones
- thegunslinger replied Mar 13, 2009
It's a case of six in one hand, a half dozen in another. Spreads mess around with your price levels, commissions do not. The whole "commission free" angle that they use for marketing Forex really is a farce. They do charge commission, it's just done ...
How do retail forex brokers lose money when we win?
- thegunslinger replied Mar 13, 2009
Yeah, at the very least. I also doubt we'll see it on a Friday. We'll probably range between 1.39xx and 1.4030 today and won't see the big drop until Monday.
Cable Update (GBPUSD)
- thegunslinger replied Mar 13, 2009
1.4030 is the major support area that we broke Monday to get our down move. Now we're retesting it as resistance. If it holds, I think we're heading back down to test at the very least 3600 and possibly 3550. We're still in the downtrend channel ...
Cable Update (GBPUSD)
- thegunslinger replied Mar 13, 2009
Are you sure about this one? With the other e-minis and future contracts, a tick of movement doesn't necessarily mean that's 1 contract traded. You can have a couple hundred contracts traded in a moment and no movement because there's enough ...
Forex E-micro Futures
- thegunslinger replied Mar 13, 2009
Agreeing with you. USD/CAD has some VERY strong resistance at 1.3000 that it needs to break above before I consider buying the pair. A shorter time frame scalp might be successful, but that's not really what we're about here in this thread.
Strat's Long Term Stress Free TradingI did ...
- thegunslinger replied Mar 12, 2009
G/U — I got stopped out yesterday for a much smaller profit than I had been hoping to get. When we had the second move that stretched out down to the 1.3660 level on Tuesday, I figured I would be safe moving up my S/L to protect at least 100 ...
Strat's Long Term Stress Free Trading
- thegunslinger replied Mar 12, 2009
I look forward to some volume discussion. I trade purely off price action and look to volume for signs of confirmation when moves develop. I do in other markets anyway. I always thought that Forex volume numbers were unreliable because due to the ...
Trade Using VSA (Volume Spread Analysis)
- thegunslinger replied Mar 11, 2009
Could be forming a double top pattern, which would be a good continuation pattern in this case to resume the larger downtrend.
Cable Update (GBPUSD)
- thegunslinger replied Mar 11, 2009
Hourly charts show a lower high compared to the peak of the retrace Tues morning. If we can break under 1.3780-70's support then we're headed back down again.
Cable Update (GBPUSD)
- thegunslinger replied Mar 11, 2009
the power of compounding — It's great, isn't it? I haven't felt comfortable trying it until my latest trade on the GBP/USD. As it currently stands: Short #1 @ 1.4030: +210 Short #2 @ 1.3876: +56 Short #3 @ 1.3771: -49 I'm guaranteed +156 ...
Trading setups around SR Zones
- thegunslinger replied Mar 10, 2009
I'm targeting the low from mid-January. Will it double bottom there or continue lower? I don't know, I'll just follow the signs the market gives me.
Cable Update (GBPUSD)
- thegunslinger replied Mar 10, 2009
Why do you see this? Simply because that's where the 50% fib lies? Those aren't 100% predictors - more like guidelines. In my experience anyway. It's hard to tell just how far a retrace is going to go before the trend continues. Still riding shorts ...
Cable Update (GBPUSD)
- thegunslinger replied Mar 10, 2009
Still bearish for longer term trend. After a big down move like we had yesterday, the market does like to pause to catch its breath before moving on in whatever direction. We had a big support level in the 1.3950 area that was broken finally after ...
Cable Update (GBPUSD)