Mini scalps on eur/usd today, as I monitor this pair also since last week. It takes some time to be accustomed to scan two pairs on scalping level simultaneously, but this way i can pick the best opportunity every time, the appropriate setup and volatility. 10 charts in total open in front of me, on two 23'' screens. I will not be bored!...
Wednesday, October 14, 2009
Eurusd
Mini scalps on eur/usd today, as I monitor this pair also since last week. It takes some time to be accustomed to scan two pairs on scalping level simultaneously, but this way i can pick the best opportunity every time, the appropriate setup and volatility. 10 charts in total open in front of me, on two 23'' screens. I will not be bored!...
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7 comments:
What are you following on ten charts? Or maybe you could post a screenshot of all of it.
Also when I'm asking I was also wondering what is usual spread that you are paying for eur/jpy? I believe you are trading future contracts or not? I would like to know comparison for Oanda.
regards and keep up excellent work
Forexbird,
May I know the your usual trading time (your local time or New York Time). TQ
FX,
i use range 4 and 2, 1M, 5(15)M, 1H charts for each pair. The usual spread i have on IB is 0,5-2 pips, more often 1-1,5. (cash market).
IB is an ECN broker. Stay away from Oanda-type brokers, mho.
TST,
my slot is 10:00-12:00 EST. (17:00-19:00) my time. When I have time, i try also pre-London.
Fx,
1-1,5 pips is for ej. For e$ it is 0,5 allmost all the time.
Most forex brokers are market makers like Oanda thats why many times price will be different with different brokers, personally I found out not long ago that 6E futures contract has exactly, but exactly the same moves as EURUSD so i see no single reason to trade with a "bucket shop" forex broker...other than capital size coz one cant trade futures with 1k.
EUR/USD has been in mix shape at present with no clear direction whatsoever, I believe it’s important to have confidence in trades since that’s only way we will be able to hold up. I always go with long term trades and thanks to OctaFX broker with their overnight stuff, I am able to trade nicely without any worry of paying overnight charges, so that’s something which keeps me entirely comfortable and relaxed with things and allows me to be successful.
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