tafy68

im gonna play with the $5000 dollar demo account for a few months before i invest real cash.

8ball- You say go for meduim term but I am not that kinda guy, im definately a day trader, I look for the ups and downs and try to sell high and buy low kinda thing.

The tools I use are:

15 min graph on the gbp-usd
RSI - relative strength index
MACD

basically when the rsi is above 70 and theres a downward trend happening where the 2 macd lines start to cross each other I sell.

IF the RSI is around the 30 mark and theres an upward trend and the macd lines are about to cross I buy.

Its very simple and there dont tend to be so many of these per day but they pay off, only problem is is that u gotta watch the graphs like a hawk..

Tell me ur systems guys

Nanog

Did anybody download metatrader?

2Pac

oce gave 500 big ones to a mate to invest in some shares he forgot to buy them within one day they had crashed in price got my money back but the rest of the lads lost the money

ajarnsomeday

Just downloaded the freeware version of Metatrader, it'll take a few days to learn the language. We'll see how it goes

Nanog

ajarnsomeday
You don't need to learn the language. The Metatrader platform is one used by a lot of traders because it's free and one of the best. If you are a programmer, you can create your own customised indicators which might help with your trading. I know of some traders who use the MT platform to see what the market is doing but then press buttons to buy or sell on another platform such as Oanda. Oanda is popular because the spreads are very narrow on the main currencies.

http://www.forex-tsd.com/

Above is a forum which will help you with MT and show you the kind of indicators that some have programmed and which you yourselves can experiment with.

tafy68

Anyone else got lucky selling gbp/usd? Im up +350 pips on that baby

Om Bak

Had a good run selling NZD/USD the last two weeks.

I wish I bought the one touch option though, 20K payout....oh well Next!

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All advice is to be taken with a grain of salt, a dash of pepper and grilled with medium heat.

Om Bak

Got a rookie question here.

How do you guys move your stops when your sleeping?

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All advice is to be taken with a grain of salt, a dash of pepper and grilled with medium heat.

likewise

You don't, gotta fiure that out before you hit the sack.

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What's love got to do with it...........

anon

currency traders don't sleep.

Om Bak

Caltex and Woodside Petroleum worth a look on the ASX, cheap as chips these days.
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I've been closing out before bedtime and missing out on bigger moves. Left some trades opened overnight with stops in place only find in the morning they got stopped out. Same result each time (closing before bedtime or leaving it run with stops )locking in 500-800pip profit but missing out on another 500-100pips whilst snoozing.
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Likewise is right, like a full time job this is.

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All advice is to be taken with a grain of salt, a dash of pepper and grilled with medium heat.

likewise

Pays well though, doesn't it?

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What's love got to do with it...........

Well

i'm guessing...cocaine!

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"so please show no pity as we come up from the ground, and please remember as you kill us and cut us down that time will not wash clean the bloody face of history, and someone will breathe here again and they will hate you for what you leave." m.g.

esoteric1

Anyone get caught short on the US Dollar the last few trading days? I see it made a pretty good jump up while I was on the road.

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All we are saying...................
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