Ok chaps,

I thought I'd get in there first tonight and set up our usual thread.

You know the score - post the pair, trade, broker etc.

Let's hope it's going to be a winning night tonight.

It's still early yet, but I'm favouring the eur/gbp tonight. The chf pairs are not looking too good - too much movement at the moment.

Three three pairs (excluding USDCAD) are trading within a range. It seems safe to trade. But I would still trade with conservation settings.

by donnaforex on 26 Jan 2009 20:18

26th- 27th January 2009



EURGBP
We have a nice 36 pip range over the last 2 hours, which is a good sign for FAPT. There were some big moves earlier in the day but there remains no overall trend for the day and things have been settled for 5 hours now.
Recommendation: normal trading


EURCHF
This pair has been in sharp descent for most of the afternoon and is now currently retracing. Range and volatility are still too high for trading.
Recommendation: avoid trading


GBPCHF
Similar to EURCHF, in a nice downtrend for most of the afternoon and now retracing. Range and volatility too high here also.
Recommendation: avoid trading


USDCAD
Price is currently moving away from a point of resistance (very slowly) and moving in a 43 pip range.
Recommendation: trade conservatively


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There have been a few questions on the forum about market sentiment. Just to clear things up:-

- The date shown at the top of each sentiment indicates the trading session according to GMT timings. e.g. 26th - 27th indicates the period of trading beginning at 9pm GMT on the 26th and continuing until the early hours of the 27th GMT.
- Market sentiment is posted in the hour before trading starts (usually before 8.30pm GMT). Never after trading has started! If your trading starts before this sentiment is released then please check that you have GMToffset correct.
- Market sentiment is a guide only, if you do not agree with it or want to trade anyway, then you can do so. It is not essential reading, although i highly recommend it during these difficult financial times. Market sentiment cannot predict the future exactly- we cannot say if and when you will get a losing trade and how much you might lose, it is merely an assessment of market behaviour. Much of market analysis and trading is based on probability- if probability is on our side we want to maximise those trades, if it is against us we want to scale down or sit out of the markets. If sentiment says 'normal trading' it doesn't mean we cannot lose, and if it says 'avoid trading' and you trade against advice it doesn't mean we can't win either!

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http://jazba.fapturbo.hop.clickbank.net/
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I am still thinking about it although very doubtfull. eur/gbp look very healthy with a spread of 2 pips that I supose will widen as soon as FAPT kicks in

__________________
Regard your good name as the richest jewel you can possibly be possessed of - for credit is like fire; when once you have kindled it you may easily preserve it, but if you once extinguish it, you will find it an arduous task to rekindle it again. The way to gain a good reputation is to endeavor to be what you desire to appear.
"Socrates (469 BC - 399 BC) "

At this rate I won't be doing any trades today, FXDD looks like another large spread.

does gbp/chf trade.......had 3 in 5 weeks......all winners though.....

Trading demo according to the sentiment tonight. No posts, however, as I'm overwhelmed w work.

JillyB you are getting good at reading market sentiment- or at least are looking at it on the same wavelength i am on-- :-)

Wishing everyone a good weeks trading.

FXPro live on SWVPS, 0,1 lots, currently all pairs open

21.00 sell eurchf 1.4979 - closed for +8 pips

Glad to see the FXPro spreads are back to almost normal levels :-) Thinking of switching off the CHF pairs but leaving them open for a little while since I am awake.

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http://harre.mt4stats.com/ - FAPT euro pairs and usdcad on Broco Demo

you spoke too soon...for FxPro