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Hilary

Do have a good source for news that affects Forex movements?

Do you mean an event calendar, a pre-event strategy on how best to deal both sides of the risk, where to get the news itself fast, or a post-event synopsis and analysis, Haystack?

Getting the news fast. It is more the unscheduled news that would affect thingsvthat I am interested in. The rest is available from various sources although one consolidated source would be good

Which part of the almost 24 hour forex trading periods do you find best? I have been trying to compared volatility during the day with overnight and other parts of the day. I wondered if traders in the Far East and other areas behaved differently.

For a consolidated source which provides some sensible opinion too and pre-event strategy, order book info, etc, there's http://www.forexlive.com/ - and don't forget to say hello to Choccie while you're there. :o)

For getting the news fastest, I personally use Bloomberg TV (real TV, not interweb). I've got a screen mounted on my wall, but today it'll be tuned into the 4th test and I'll swivel my chair round so I can look at it. If you use Twitter and follow two or three city traders, you'll find that some of the news is tweeted virtually instantly. Otherwise, a couple of the event calendars expand and update by jQuery callbacks very quickly after the event.

In terms of the best time of day, it's important to realise that much of the money doesn't come into the market until London gets on board. So you can often see big swings in Asian trade, but sometimes they're on low volume.

Certain crosses will also become very rangebound at certain times of the day. Around 45% of the total Forex volume goes through EUR/USD, so it's generally in demand around the clock. But, if you take EUR/GBP for instance, there's generally no news out of either London or anywhere else in Europe between 9pm and 6am, so it's often possible to identify a tight channel and buy at support and sell at resistance between those times, scalping a few pips each way with a reasonable degree of confidence. And if you prefer something that trends well and which can move several hundred pips a day, it's hard to beat the GBP/AUD right now.

Thanks for that. I tend to like to know as much as possible about things.

What indicators do you use on charts?

Schaff Trend Cycle which is a smoothed stochastic of a MACD. And a ruler and pencil.

Where do you get your charts from?

Sorry about the Spanish Inquisition!

I use broker charts - MT4 and cTrader.

Am also now trading forex and commodities almost exclusively. So much more civilised than shares :-)

What platform are you using?

IG's cfd platform.

Mainly trading GBPZAR, AUDJPY and copper. But also trading other metals and chicago wheat two or three times a week.

Which one is you :-)

Feeling Fine Louie ;-)

One of these is closer to it

Is the London Forex Show this Friday worth a visit?