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Posts: 11

err

Captain

Joined: Nov, 2007

Posts: 6831

Posted: Feb. 9, 2011 - 1:12 PM ET #1

I have a quick question.. there used to be some daily thread from WSC and other guys trading currencies... Just would like where all of you guys have gone, if you are on another forums or something or if you have places I should lookout for daily topics etc about forex.

Thanks!

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: Feb. 9, 2011 - 3:03 PM ET #2

We are still here, there is a thread a few down concerning the Forex.

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err

Captain

Joined: Nov, 2007

Posts: 6831

Posted: Feb. 9, 2011 - 7:45 PM ET #3

Cool, I just remember following a daily thread about forex, currencies to buy/sell during the day, it seems to have slowed down in activity right now, any forums I should check for daily trading... (just starting forex for real after practicing)

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: Feb. 9, 2011 - 8:06 PM ET #4

There are a ton of forums out there, I found it difficult to find a non-biased, trustworthy site that you could rely on people being honest and legit.

I think buck had a site or two he frequents..the problem for a while is that buck and I were in positions and not looking for trades, that lasted for a while..but I only have one longer term position and it isnt large so I am able to trade more often.

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bucknuts

Captain

Joined: Oct, 2005

Posts: 8951

Posted: Feb. 10, 2011 - 12:45 AM ET #5

Thread is up i just posted a trade Friday..not sure where person has gone but we were getting "regular" again

Theres a ton of forums and a ton of BS to go with them..just to much i told you so and nobody trying to help..its hard to find a forum where guys are posting real time entries on a regular basis..hell anybody can post a trade thats +pips after the fact

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Coondawg71

Rookie

Joined: May, 2007

Posts: 668

Posted: Feb. 10, 2011 - 8:46 AM ET #6

Here!

My usually starts at 530am ....then I am occupied after noon

I have been sitting back and just taking it all in for a while, but I have been checking in now and then.

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err

Captain

Joined: Nov, 2007

Posts: 6831

Posted: Feb. 10, 2011 - 10:07 AM ET #7

Anything good to buy/sell today?

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: Feb. 10, 2011 - 10:44 AM ET #8

Quote Originally Posted by err:

Anything good to buy/sell today?

In the Forex market?

To me you trade the Forex based on where you think the stock market is going, trade inversely..it has worked for a very long time.

So if you think the US markets go up, then you go long against the USD, if you think the US markets go down (does that even happen anymore?) then you go long the USD..certain pairs do better and have more risk. The LB has been stronger than the EU, less volatile and the AU is probably the highest beta out there..the Yen and the CHF the lower pairs in how much they swing.

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err

Captain

Joined: Nov, 2007

Posts: 6831

Posted: Feb. 10, 2011 - 11:27 AM ET #9

Thanks for the info, I will try and find site that explain some basics with graph and trend etc, should not be that hard to learn, harder to master tho I guess

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misfits

Banned

Joined: Sep, 2007

Posts: 3720

Posted: Feb. 10, 2011 - 5:37 PM ET #10

Quote Originally Posted by err:

Thanks for the info, I will try and find site that explain some basics with graph and trend etc, should not be that hard to learn, harder to master tho I guess

i learned a bunch of shit on www.babypips.com in their school of pipsology

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Michfan15

All-Star

Joined: Oct, 2008

Posts: 11310

Posted: Feb. 14, 2011 - 2:48 AM ET #11

Quote Originally Posted by wallstreetcappers:

In the Forex market?

To me you trade the Forex based on where you think the stock market is going, trade inversely..it has worked for a very long time.

So if you think the US markets go up, then you go long against the USD, if you think the US markets go down (does that even happen anymore?) then you go long the USD..certain pairs do better and have more risk. The LB has been stronger than the EU, less volatile and the AU is probably the highest beta out there..the Yen and the CHF the lower pairs in how much they swing.

good info

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