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The Jappy's certainly a happy chappy today. It just doesn't want to go down.

hoping to see 237.00/10 area to go long

Good morning/afternoon/whatever from the Land of the Free and El Dollaro Collapso.

good morning, well first full day of forex today, fingers crossed,
still going to do futures as well as a back up in case i make a right mess of my first day:-)

Morning Ruth et al.

Hils, thanks for the info. Difficult to digest :-) Anyway I'm looking for a different strategy:

Post 1079

:-))

Ruth have enabled fx on esignal seems to be saying euroyen short entry about now....doing a few dummy trades first one short 166.50 60 min bars though...might be too long for you...

Cable stopping at 873 resistance point??

Pivot point

Foale, sorry been busy, only just caught up,the 60 min trend is still strong, 11 bars,only taking longs so far , not started scalping yet, learning to walk before i can run:-)
not scalping both ways until ive got a better understanding of it, then i will switch to the shorter timeframes,

short entry cable? 5min bars...2.0880?

Foale, not got cable on, just concentrating on gbpjpy and eur jpy for now.

eur/jpy looking toppy to anyone else?
currently short usd/jpy from lunchtime

It does look toppy, but I'll be surprised if a better window doesn't present itself a bit later on for an opportunity to short it for a big leg down tomorrow. In the meantime I feel it should be played hard and fast both ways.

struggling this afternoon, a nice morning though, think im going to need to look at the shorter timeframes sooner that i thought, but i am getting to grips with it, it certainly beats looking at those stupid annoying bots all day,
currently using cmc on a family members spreadbet account,they shut mine downlast year:-(
will switch over to ib as soon as im comfortable, only messing with small stakes at moment so easier to use cmc for now.

Ruthie - smaller timeframes are essential for those 2 pairs as they move pretty quickly when they finally get going, as Hils says - both ways ;)

Ruth,

You've had the trend as your friend this morning which has made it easy to bang the trades away with your Magic Arrers. That trend now seems to be wanting to reverse, and the balance of probability is that it will range until the new trend takes hold (assuming that it does take hold). That range should still be very much tradeable, but you'll need to use your faster timeframes to capture those moves.

Choccie, agree, will narrow the time frames down tomm , cans see now its got to be played both ways and the 60 min trend it too slow when the market turns, will try the 5 min tomm to determin the trend and see how that works out,
use 1 or 3 min for the entries,enjoyed myself today though, not in a rush though, want to get this right so i dont have to revert back to stocks
i love playing with the backtesting facilities so hopefully i will have a nice little system in pace soon that produces high probabilty trades. trial and error for now ,
catch u all tomm

HIls, yes the arrows were great this morning, been great all morning on the futures too,
i can see im going to like this, wish ide done it sooner:-)

meant to be playing golf down on the coast tomorrow, tempted to cancel as I think couple of fx pairs could be toppy

Only popping in for a mo\' - have to go out soon. Managed 10 points either way on cable using the virtual 1 minute arrers earlier. Now looking at possible resistance @ or around the 20970 mark - interesting \'cos my head tells me that they\'ve got so close to 21000 that it\'s inevitable it\'s gonna power on up through there.

Seeing as I can\'t watch it I\'m not going to place a trade - but still got those shorts to open at my magic numbers 21112 and 21212.