Have I mentioned that I was a total geek? Well, I use three to four computers when I trade and spread the charts and other apps (Twitter, email, browser, etc.) around between them. As you can imagine, this means I had a herd (or is it a gaggle) of keyboards and mice cluttering my desk. Having at one time been in the ISP business, I have several hardware KVM (Keyboard, Video, Mouse) switches lying around gathering dust and have considered using one of those to reduce the clutter. But the more I thought about having to press buttons to switch between computers, the less I liked the idea of using those. Read more »
USD/CHF Hourly 123 Reversal
ForexLive is reporting big bids near 98.25/50 on USD/CHF. The pair hit a low of 98.37 and is now showing a 123 low reversal pattern on the hourly chart: Read more »
Trader’s Tech – TechSmith Jing #6
As a trader, I frequently share trade setups and other things with other traders. As we all know, a picture is worth a thousand words, so we need a convenient way of sharing pictures in our chat rooms, on Twitter or in email. Read more »
Trader’s Tech – Oanda #5
I can't say the Oanda FXTrade/FXGame platforms are my absolute favorites. But they still have some interesting features. Read more »
CAD/JPY Once Again
CAD/JPY did what what I expected this past week, even coming within pips of our second target with the help of the Bank of Japan. But it did it without me. If you guys followed me on Twitter this week, you'll know I didn't get in this trade because it sorta spooked me the way it pushed back down through the trend line. Hopefully, some of you didn't follow my tweets and made some pips on this trade. Read more »
Trader’s Tech – ClocX #4
Traders, particularly scalpers, must closely watch the close of every candle to garner clues as to where the market is going. So it's very important to have a good clock with a second hand. I spent quite a bit of time looking for that very application. Read more »
CAD/JPY Long-Term Trade Opportunity
CAD/JPY tripped me up a couple weeks ago. I had a great trade opportunity set up and just as I posted it, the pair started ripping to the downside, totally negating everything I had just spent the prior hour writing. Oh well, that's just the nature of the market, I suppose. Well, it looks like there's another nice opportunity on the CAD/JPY. Read more »
Trader’s Tech – MetaTrader 4 #3
I watch four (and sometimes six) different time frames for each currency pair I trade to find trade opportunities and see potential problems with those opportunities. The MetaTrader 4 profiles feature is a convenient way for me to switch between currency pairs and see all my time frames. Read more »
Trader’s Tech – MetaTrader 4 #2
Chart templates are used to duplicate elements from one chart into another (or several others.) If you regularly use a certain color scheme or a lot of indicators in your charts, you will want to make a template of your chart setup. Read more »
Trader’s Tech – MetaTrader 4 #1
Being the techie geek that I am, I dive deeply into the features of the software I use. I like to find features that make the software more useful to me. Read more »