Speculation on my part.....remember, you can close orders in full or in part. What I have determined through resource is that banks will manipulate at specific times. Also, most trading platforms are not permit to trade the first hour of the weekly session. This is to allow banks to "square" away their accounts. So, the answer is depending on what a specific bank needs determines the volatility of their trades and if they are going to "manipulate" the market.
Since they have removed hedging......(U.S. ONLY) some of this may go away.
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
You guys are more than welcome to keep posting your futures and currencies trading here. I enjoy reading it. But we also have Futures Trading forums on our ETFtalk.com forum... www.etftalk.com/forum
We are trying to get this off the ground and with your posts, you may draw similar traders into your conversation. The more the merrier! Thanks
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Hey Frixxxx.... GDP comes in on Friday... any front-running on your part?
Which one of you nuts has got any guts? -- Randle P. McMurphy
... stupidity will always find a way. -- Nnuut
I believe we will hit expectations solely based on the fact that they are going to be using "new" numbers. I also believe that if you watch Geitner today, he will 'hint" at the expectations.
We'll beat -1.3% , but we'll still be negative.
My call only.
I really think we would be @ -3%, but I can't account for the new figures they will be using yet.
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
Yeah, that's probably a good call.
I get suspicious when the rulers are recalibrated.
Now, in my practice fx account... I'm waiting for thursday to try and position myself for the EUR to actually make its way higher... the dollar to make its way lower... and then a sort of "sell the news" scenario later and hopefully I'll be quick/lucky enough to catch the swings... but I will trust my "system" (if you can call it that yet).
BTW, I finished the babypips school and I'm just dangerous enough to have kept one practice account alive (using basic candlestick stuff and oscillators -- not a whole lot of backtesting so far) for 48 hrs -- it died an unceremonious death thursday -- my personal best so far...
I'm trying some fib stuff mixed in now... it's a work in progress ...
I think I'll try and run two accounts at the same time now. Wish me luck...
Which one of you nuts has got any guts? -- Randle P. McMurphy
... stupidity will always find a way. -- Nnuut
Congrats,,, I've been through it three times.....when looking at fibs, mark a daily, weekly, and a monthly.
I had a great epiphany on this approach.....
Also, check some RSI levels at all time frames. I love the RSI.....I can almost predict the future. Well, at least enough to stay profitable.
Good luck on two accounts......also....create a report of each attempt and write down lessons learned....Makes great review material and helps curb the possibility of repeat mistakes.
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
Hey Frixxxx,
Hey do taxes work on Forex trading? Is it like capitol gains?
Thanks,
I_I
Subscriber info: Intrepid Timer Premium Talk | System Signals posted here l FAQ about email alerts l
With futures, you only get one amount reported to the IRS, rather than each sale for individual stocks. If you buy a stock 10 times during the year, and sell it 10 times, you get 10 amounts (each sale) reported to the IRS. With futures it's just one amount reported to the IRS.
I don't know if FOREX is different, but I thought I'd mention this if anyone was interested.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Yeah, RSI is cool alright...
So far I've written my lessons learned from the failures (5 so far -- 3 failed within an hour or so... 1 lasted 6 hours and the almost 48 hour one) ... different small technical mistakes/errors for different accounts but the two things that happened on all accounts: 1) going back too quick with a trade and trying to "win" my "money" back -- even though I know not to do this, 2) emotion, emotion, emotion -- specifically not being objective... I will get better... just gonna take some time... at least it's not real money
Not sure which pair(s) you trade the most... i'm eurusd right now (actually with the account dead, I'm not anything) but looking to start the second in cadusd ...
Which one of you nuts has got any guts? -- Randle P. McMurphy
... stupidity will always find a way. -- Nnuut
Here is a good site for a little technical analysis. http://www.chartsecret.com/
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