Hi Kathy and Boris. I'm a newbie. I,d like to know the traditional prices to watch out for while trading the EurUSD pair. As in all time highs, pycological points, lows ,etc.

i'll appreciate if u,ll fill me in on this.

I am trying to figure out how DailyFX figures the Pivot Point. I am familiar with the basic formula (-+L+C)/3, the time frame differences, and the differences in actual prices between the servers, but between Daily FX, VT Trader, and Interbank, I am getting 30 to 40 pip differences. What is your formula and time reference? Many thanks.

The answers can be found here

http://forex.acrobat.com/p69605570/

Hello Kathy and Boris:

Thank you for replying to my question last week.

http://www.learncurrencytrading.com/...&postcount=431

I could not hear your reply. However, I do
not have problems hearing audio from other sites.
I also checked the previous week's answers
and had no difficulty hearing Boris' answers.

I say this because possibly others may have experienced
the same audio problem this week; or you may have some understanding
of what caused it and shed some light on the cause.

Meanwhile, I see that David has put the link to his commentary in
the Sentiment/Positioning Thread in the forum until itslink is placed in the
DailyDX main page.

Thank You.

Thanks Bert_Heads for answering my question. Well, which web sites show the market moving news at the nick of time.

What a wonderful opportunity we all have, the ability to trade around the clock. Unfortunately staying up 24hrs a day and catching news briefs is not an option. when do most of the "pros" do most of their trading? Depends on the day (news coming out), or the preferred market of trade. When is the optimal, time to be trading?

hi can you tell me whats meaning of "b/e" and where i can find other ABBREVIATIONs?

Im pretty new to the game but in my short time of trading, I've noticed the volatility of the GBP/AUD pair. I was wondering why this pair is rarely mentioned or discussed in the FX community. I realize that the spread is much more than the mainstream pairs. Is there something else I am not realizing here? Any advice or warnings would be appreciated.

Thanks
George

I have a question it’s very useful for beginners to know:

Lets assume that you started the day as of the chart attached below, and you are planning to enter a trade the very first bar you see is turning bearish and its just few minutes old the bearish force on the candle is slow, this is a daily Chart. . . my question is what would an ideal trader do in such situation, will he waits till the candle goes further down 20 pips more lets say to be confident enough that the trend will be down and place a Selling order or do something else? Beside checking for the trend flows and R/S (resistance and Support) etc.

I wish if I could get a brief detailed explaination to this so that we as junior and beginners could understand how to go about placing order carefully without committing errors and mistakes at least.

Attached Images

 

The answers can be found here

http://forex.acrobat.com/p25201972/

wow, finally struggled through the post. lots of good information. i've been trying to learn the ins and outs of forex for ages. i keep coming across these automated forex robots, are they any good and do they work? this seems too good to be true? forex funnel review

If it is too good to be true, it probably is. With any trading system, we encourage everyone to do a significant amount of due diligence, especially if the sticker price is high

Hi Kathy and Boris,
I was wondering how major currency investors actually implement the carry trade in practice? Would they just buy a cross like NZD/JPY in the spot market? Also, how is the carry trade hedged (if at all)?

Hi,

Can somebody provide me with the URL(link) for the daily high/low and close for all the majors for the recent history. based on 5pm eastern standard time. Thanks and regards

Khilaari

Two questions this week:

1. NZD/JPY: This is a popular currency to implement carry trades through, but carry trades are not performing well in current environments. Hedging is not usually used for carry trading.

We have a weekly report on carry trades that may be worth your read:

Carry Trade Weekly Report

2. We do not publish the daily open, high, low, close for each currency. However you download the information using the Stratagem Charts