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  1. #11
    90604Hi AFX-UK

    Can you see this post about Cable. This is. . https://forexintuitive.com/discussio...-industry.html.

    It's EW analysis of cable and it's made the picture better for me.

    Cheers.

  2. #12
    90604Well I haven't managed to find anything that made sense this day... however, the Euro is coming the large so when we get through that I will be seeking to buy EURUSD.

    I'm thinking that probably won't put up until tomorrow ...

    How has everyong elses day been?

  3. #13
    90604Hi Darendse,

    Thank you for info... it makes sense, however Elliott Wave for me personally is overly subjective so I don't use it a lot. I utilize the most basics but only to see whether my concepts are supported by it.

    I'd want to know how you use it ?

    Thanks

    AFX

  4. #14
    90604Hello guys

    Many thanks to AFX beginning this thread and Darendse and Dcb for many of your views and analysis, im only a final year undergrad and looking to pursuit a career in trading, after paper trading for a year, im looking to start trading in a very modest size in spread betting, I hope you guys dont mind a newbie come across the celebration

    Theres a question I want to ask whether its alrite, I know the difference between the spot and futures, but im not sure the advantages of futures over the spot in currencies, and found out many traders trade the futures rather than the spot. .

    Sorry im not actually posting analysis and remarks, im still learning the border onto that, but I'll surely give it a go whether im correct or not

    cheers guys

  5. #15
    90604Hello jy0228, I will try to answer your question of the advantages between futures and spot or FX. I began by trading commodity futures such as currencies. Although both sides of this conversation will have arguments and arguments, it boils down to what's important to you. Some will say that futures have more expense to trading than FX. The costs that they will point to is commission to the transaction. I didn't understand anything when I began trading in 1998 and I depended on eduion from my broker. When I put a transaction my price was $60 roundtrip, so I needed to pay $60 to the broker for opening and closing the position. It made me consider the risk to reward ratio until I placed this order, since I needed to make $60 just to pay this expense. Some will mention exchange trading and fees platform or chart fees which I paid. I paid $100 a month to my charts. The greatest advantage I see that's very important to me is the liquidity in FX. I had an open position at the JPY in futures. I was trading throughout the Sinapore exchange, where I dwelt, also it was at night. The transaction moved against me, and I lost money rapidily, but I could not escape. It took 20 or 15 minutes to get out, and that's a lifetime time when you are losing money at a alarming rate. I could write for ever, but I want to go to a meeting, and I am late. There are benefits and disvantages of the sides.

  6. #16
    90604
    Quote Originally Posted by ;
    I have not been able to find something that made sense this afternoon... but the Euro is coming the large so when we get through that I will be seeking to buy EURUSD.

    I am thinking that probably won't setup till tomorrow ...

    How has everyong elses afternoon been?
    Hello, what a fascinating thread

    yeah, I have sold euro last nite (GMT 7) I think Greece problem that reemerge will hit the euro, but the counter tops remark out of Germany Official create the euro fly away again. .
    Traders still anticipate rate hike from ECB. . I think buy on the dip is good idea. .
    What's ur opinion?
    I am sorry, my english isn't so fluent. .

  7. #17
    90604
    Quote Originally Posted by ;
    Hello jy0228,...
    Hello jy0228

    Including to what Dcb has posted...I traded Stocks and Stock Futures for a little while and these exchanges are centralised and regulated whereas the spot forex market is decentralised. This is slowly changing, although the regulation is also not organised.

    Since the spot market is decentralised there is no Volume information readily available, and that means you only have price to operate with.

    Spot Forex has reduced start up costs than futures concerning your initial deposit and charting applications.

    Since Dcb has said there are pro's and cons in both, it really comes down to what is important to you.

    Hope this helps.

    Cheers.

  8. #18
    90604
    Quote Originally Posted by ;
    Hello Darendse,

    Thanks for info... it is logical, but Elliott Wave for me is too subjective so I do not use it a lot. I utilize the basics if it supports my other theories.

    I'd be interested to know how you use it ?

    Thanks

    AFX
    Hello AFX

    I do not use full EW in my trading. . .found it means too time consuming (attempted it for little ). I prefer chart patterns and PA, which basically comes to the exact same conclusion.

    I have discovered though that EW can bring clarity to any chart, especially if there's a host of corrective motions, e.g. the GBPUSD one yesterday.

    A bit about my method...I do not use any specific system, but want to let the market tell me. On the H4 and D1 charts I use patterns and PA, which I combine with M5 for the intra-day moves. On M5 I use moving averages and Heiken-i smoothed.

    Cheers.

  9. #19
    90604OK so considering things that morning from a technical perspective I'm finding it hard to locate real direction.... The markets have been up and down over the last week.

    I guess it is going to be a day of trading momentum again. I quite enjoy the concept of shorting the EUR/JPY, so I will wait to see the price action when happens.

    What about the rest of you men?

  10. #20
    90604
    Quote Originally Posted by ;
    hello, what an interesting thread

    yeah, I have marketed euro last nite (GMT 7) I presume Greece issue that reemerge will hit on the euro, but the counter tops remark out of Germany Official create the euro fly away again. .
    Traders still expect rate increase from ECB. . I think buy on the dip is good thought. .
    What's ur opinion?
    I'm sorry, my english isn't so fluent. .
    Hello AFX-UK and others,

    thanks for this thread and your opinions.
    I'm a system/quant trader, currently creating a pure price-action EA, which is also capabable of analysing multicurrencies in parallel.

    IMHO that the greece crisis won't hit the? In that manner again as in 2009.
    Spain is much more a candidate to fret about, but since the ECB has raised interest rates lately, there's a good chance that the EUR/USD will breach the 1,50 level.
    I'm from germany and the economy is currently doing really very well.
    It is interesting to note that even though the US economy is recovering strenght, the? All does not show major weakness all.
    For a long term trader there should be plenty of good opportunities with the? Contrary to the other currencies.

    Therefore, thanks again for this thread and happy trading

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