According to WSJ the EU is trying to put together a rescue plan of their own.

EURUSD

The current down trend looks strong. I may wait to see if it gets near 156.00

Hedge trading spieler system derived from futures spread trading

IBFX swaps — I got that too. Can't understand why I would have to pay swap going long on AUD/JPY and EUR/JPY but will still collect swap on CHF/JPY.

Hedge trading spieler system derived from futures spread trading

House to vote again tomorrow — Looks like they are gonna try to ram it through tomorrow. Only change to the bill will be to add the raising of the FDIC insurance cap. My mistake...Senate is voting.

Cesarnc's market talk, gossips, rumours & fun

Excellent post pipsqueak4x. I have noticed this too. What I think this means is that in order for this 3-way relationship to exist almost perfectly all cross transactions must first be converted to USD. I have wondered why direct GBP/CHF buying and ...

Individual Currencies & Relative Strength

Thanks Ashes. I live in the US and am on NY time. I work during the day and can't be at a computer during the whole NY session. I am looking for a good way to average in my down positions intraday and thought a limit order might work. The downside ...

Hedge trading spieler system derived from futures spread trading

Ashes, Did you enter the second one as a limit order or are you just waiting to see if it gets there to enter a market order. Thanks.

Hedge trading spieler system derived from futures spread trading

Perfect solution. Thanks for the great system.

Hedge trading spieler system derived from futures spread trading

The long trades only idea does have merit. But instead of automatically opening a long position at the beginning of the day why not only open long when the price is x pips below an MA of your choice. Then add new trades if it continues down. If it ...

Hedge trading spieler system derived from futures spread trading

They aren't 100% inversely correlated. If they were EUR/JPY would be a straight line.

USD/JPY Discussion

Totally agree Ash. No indicators needed for this pair. I keep an eye on the Dow and Nikkei for direction then use the daily pivot points for entries and exits.

USD/JPY Discussion

To average down if your system is SL based is a recipe for disaster. An AD system uses low leverage, doesn't rely on pinpoint entries and trades with the prevailing trend.

Averaging Down

My Thoughts.... — I have been following this thread from the beginning and have the following observations. Original method of having no TP on the average down order will help keep the average price near the current price. But the limit order ...

Super Carry Trade Trading System

Watching the DOW.

USD/JPY Discussion

[quote=Kaligula;2194722]On 5min it takes 24[hours in a day] x12[candles per hour] x5[days in a week] to get ATR for last week. I know the math. I didn't mean to imply that you were only going back five candles for your 5m charts. It was just an ...

My own small "revelations" about volatility

Tenantro, My apologies for saying that you were wrong. Looks like you are talking about a variation of the stock market VIX index applied to forex. The ATR I referred to is just the average pip range over a defined period. Since your volatility ...

My own small "revelations" about volatility

I think the idea is to go back far enough so that spikes don't skew the number. NFP release would certainly give you a misleading number if you only went back five candles. I would be really interested in how you use ATR on the 5m. USD/JPY ATR on 5m ...

My own small "revelations" about volatility

Price rejected at Midpoint. Another test of S1?

USD/JPY Discussion

Nice bounce off the 108.30 S1 pivot. Too bad as a rule I don't trade Sunday.

USD/JPY Discussion

Oanda. The last 26 days gives similar results. I figured that if you want to build a system based on volatility you need to go back a little further to get a better picture under various market conditions.

My own small "revelations" about volatility