February Forex and beyond

That December Forex was 30 pages long, time for a new thread.

I downloaded the Delta platform and the Level II and it reminds me of other L2 programs Ive used..very interesting and active.

It works in step with the MT4 platform, but is not INSIDE the MT4, so to do a trade you have to either have the L2 window overlaying the MT4 or do an alt-tab to access it.

Now if you had two windows then it would not be an issue..most active traders have two monitors going to access a trading platform and maximize charts (I do not currently).

I also noticed on Delta and Jade that the commish is round trip..so 5 bucks I think on Delta and 7 on Jade includes buy and sell, thats nothing for what you gain on the spread and being ABLE to slide inside some big spreads, say like the LB.Yen, plus the quantity of pairs are crazy here.

I might give delta a try...again though i really dont see the spreads being a big issue..i leave pips on the table in every trade..its just the nature of the beast,...whats the big deal  with 2 or 3 more pips and having a charge takes away half a pip if its $5 and 2/3 if its $7 so we arent talking about a HUGE difference here...not on the more common pairs anyway i guess it would be good for some of the exotic pairs or spot gold/silver

Having more pairs to trade is cool...are there more USD  pairs Wall?I really try not to stray much from the USD pairs other than EU/GBP and EU/JPY...made a few trades last few weeks based on Matts charts but other than that i dont even scan 4hr charts for most of the others...to much WILD movement  in some and i dont want to get caught in something im not familiar with

buck,

There are a total of 14 US pair that many I dont recall seeing on FXDD including the US/BGN, CZK, DKK, HKD, HUF, ILS, NOK,PLN, MXN, RON, RUB, SEK, SGD, TRY, ZAR

The kicker is the ability to do commodity futures, US and foreign stock futures too.

I think my next DEP will be there...

i currently can trade...DKK,HKD,NOK,SEK,SGD along with the common pairs and gold and silver...and i never look at any of those charts...

Let us know how you like it....maybe ill join ya...

Forex markets opened, looks like the US pairs are up, the LB under 1.60, EU to 1.386

i like to see them push EUR/CHF down again and ill jump in for some easy pips

Only a 2.4 pip spread on that Delta site for the EU.CHF pair.

I am not sure that the downtrend has been broken on that pair..out of control gap on Friday, 100 pips in 10 minutes.

Also interesting that in reality it does not move much at all..max of 5 cent move in a 4 month period, I need more action.

EUR/JPY filled its gap quick today you see that Wall?

 

That hard gap was a 5 minute affair..

Within 15 minutes it had filled it completely.

Now theory has to come into play and if the theory is correct one can make a nice return today..

Will the USM move higher tomorrow, at least to open? And if so then you should go short the Yen/US pair and long pair like the AUD.

I am not sure I am willing to take those risks since the charts are all under water and confirmation has not occurred about a trend reversal.

Went long the Lb.Yen at 143.85 based on my theory for tomorrow..not much to be concerned about, just testing a theory..

Theories?  I like theories.. joining you on this wall... why not.. maybe I wake up tomorrow and see a nice return here.

Well depending on when you did the trade, the pair was up almost 50 pips from that level during the evening..I am still holding though.

Side note..

On Delta there is between a 1-2 pt pip spread on the LB.Yen right now, that turns a 7-8 pip spread into a 1-2, and that is amazing.

On the LB.US the spread is between .5 and lower to 1.5 or so..very fluid.

market up / gold up/  saw a copy of the budget this morning and it is like 3000 pages,

I am just waiting for some confirmation to short the shit out of the USD today

looking @AUd/usd

eh screw it,   im long AUD/USD @ 88.39

GL rick..

That AU pair is about a cent away from breaking that 50 day moving average which is down sloping.

I am actually thinking the USD is closer to a bottom and worthy of going long versus short.

looks like you may have been right Wall.

Looking at 144.15 on the exit here..

Out...leaving plenty on the table.

Now that it is finished I have to tell a story about what really happened.

I am learning the functions of Delta and mistakenly sold my Lb.Yen long last night at a loss of like 30 pips..clicked the wrong key on L2..so I purchased it back at 143.40 which was a net benefit of about 12 pips (I sold wrong at 143.52 I think)..

But the net effect is making 50 pips on the trade plus.

Here we go on that Aud/Usd

the charts are forming up pretty good,
MacD about to cross

The USM just spiked up a bunch, which took all pairs up.down accordingly.

Interesting how some pair arent really participating, like the LB.US

UsM about to hit triple digits
Gold had a sharp spike up

the USD has not really reacted yet, not sure on what it is waiting for but
Aud has reacted to the Gold situation

Sold Lb.Yen at 144.65

Lets see if I can get 40 out of this trade..

Buy/cover at 144.20