Forex Real Time and Historical Data
I’ve got a hold of historical tick data for about 12 different currency pairs and I’m in the process of crunching through it. I also have real-time data but I can’t do much with it until I process the historical data. Once this is complete, I will make it available and will most likely create additional features on the site built around the real-time data.
The EUR/JPY cross currency pair
It seems that technically I may be in a good position with my EUR/JPY trade even though I am currently on the losing end of it. In examining 3 hour charts, their is solid resistance at 140.03.
Doing my own homework
I am always telling myself to do my own homework and don’t listen to what you read. I’ve been successful in the stock market by disregarding others opinions but have yet to do so in the currency market.
Another FX Traders Point of View
Until I can add a feature that shows a unique identity for a poster without requiring registration, I am posting a message from an unknown forex trader. It’s very interesting to hear comments and trading strategies. I hope the poster doesn’t mind…
"Comparative USD$ long positioning has yet to reach levels which historically attract contrarian trades. The CoT figures, plotted and viewed as a chart are quite revealing … viz, shorts.
I use a basic chart without chart studies bar MA’s and fib’s. I prefer a 180 min chart to the dealer 240 min, holding positrons for days and even weeks. I follow price action, I completely understand trend, I hold tight on a tree shake and build positions gradually. I’m always aware to the reasons I took the trade in the first place but alert to change. These are my (not so technical) technicals 
I carry trade most of the time so I tend to look to the high yielders – NZD-AUD-USD-GBP/JPY – although I do take the occasional day trade through a sub account when it’s choppy (not for the faint hearted). "
Since reading this, I’ve actually started looking at the 3 hour charts and really like what I see. There isn’t major price action as in hourly charts and there isn’t minimal movement as with daily charts.
GBP trade gone bad
The best way to learn from your mistakes is to try to understand why the mistake was made in the first place. I sold the Pound at 1.7648 at 02:26 a.m. on 10/25. I set a stop at 1.7698. The trade automatically closed when stop was hit at 03:37 a.m.
Foreign Exchange is Brutal
Yet another trade has turned against me. The FX Market is brutal. I am discouraged but I will try to get over it and move on. Trading can be quite rewarding and that’s why I’ll continue. The British Pound beat up the dollar overnight and my stop was tripped at 1.7698 for a 50 pip loss.
Trade 5325589 – Short GBP/USD
I made a trade at 2:30 a.m. this morning. I went short on the British Pound at 1.7648. After 10 seconds, the Pound started its descent to 1.7638. It’s only 10 pips but I’m expecting it to continue it’s descent for 2 reasons.
Canadian Dollar Characteristics
There is a direct correlation between rising oil prices and the rise
of the Canadian dollar. Canada is the biggest beneficiary of
rising oil prices because of their huge reserves. So as the
dollar dominates the other majors, the CAD stands alone.
Something interesting is starting to form in the USD/CAD technicals.
Trading Direction Unknown
The Dollar is down against all the majors today as the forex market
remains a mystery. Just when it seems like the greenback is going
to break through defenses, it retreats. The one thing I was
looking at yesterday was the extreme future long positions in the
Canadian Dollar. I don’t know if there are any more sellers
available for USD/CAD at this point as exhibited by forexproject.com
exclusive position graph. Canadian Dollar Graph
Forex Volume Continued
I’m looking at the Forex Futures open interest change in Short
positions for the Swiss Franc. There were 6081 more short
positions this week than last. I need to look at various
technicals of USD/CHF but if it looks good, I’ll short the Swiss Franc
today or tomorrow.
