The London Open - page 14
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Hi pimp, Like you we do use spread betting firm (capital spreads), I just used the term Lots to mean more than 1, so for someone trading at £2, 2 lots would be £4. Just wish the spread on GBPJPY and GBPCHF was less than 8.
Fran, I too use capital and have found them to be a bit saucy of late.
For example with a heavy fall, because of the delay you're getting a very bad price. Take the crude 300 pip candle of yesterday. I've gotten in somewhere near the top but not been filled until somewhere near the bottom.
Maybe over-exaggerated a little bit but I'm finding holes in what I thought was the best little spread-betting outfit on the planet.
Oh, I forgot. The spread is a bit laaaaaarge on the pairs you mentioned, but they do move well.
However, don't trade these two until you are really comfortable with the strategy. They do have a tendency to move very quickly. Yesterday I got over 100 pips in under an hour on GBPJPY, but it could have been -100 in under an hour also so be careful
Morning Pimp, morning all Thanks for the analysis Pimp. We are UK based and we are with a spread betting company - no tax or brokers for us, oh no. Yep, 61 pips actually on EURUSD, still chuffed, hope to add a few more today. Fran
Should be a good day - I jumped in too early yesterday on e/u and e/j, but it was always higher risk. Was trying to trade in a hurry, which is never good. Measured entry and clear strategy. Great words if only I'd heed them!
Pimp,
that oil move was exceptional, it moved 200 pips in one minute so some prices would not be available, capitol like all are sometimes a few pips away from the market but in general we find them good.
We had one trade were we mucked up the exit a few months ago and they refunded our cash, I wasn't sure there software had closed a trade, so I did it again which meant I had opened another position accidently.
Hi rockdrive
As newbies with capital to preserve we nearly always wait for the break of the high or low before entering a trade. This makes us late by Dan and Pimps standards and we miss a few pips but it is just an ultra-confirmation for us. Our EURUSD trade was entered just as the candle was breaking the overnight low.
It's easier to see the high and lows on the 60m chart and we have 15m and 60m side by side just to give a bigger picture of trend.
We also use the Fib on the 60m high and low for exits - yesterday's EURUSD exactly hit T3, could have taken 71 pips after the big 15m candle but only moved our stop closer, thought a few more were in the bag... should've taken the 71! Seems to work very well but I know Dan and Pimp use their moving averages and this is their thread so don't want to muscle in.
Fran
Hey Pimp
Still a Freshman huh, ha ha ha ha ha
LOOK AT ME NOW! Sophomore (what does that mean?) Not like gofa is it?
F
Yes Fran, I do sleep. after all my opportunity dries up. I'm very keen on FX pimpin and even now I'm in for another stab at cable (1st time trading this in a week) on the red Heiken Ashi. Shame I can't dubble my bubble on the Dutch doing the biz too. Wonder what price I'd get on EURUSD GBPUSD and Holland all doing exactly what I thought they may ? Enough for one day me thinks. A cheeky 300 pip stop secured a couple of pips on the crude, which I sadly let slip by me with that horrible smoking habit, but I'm halfway to my 1k weekly target on the pipping front on day 1 of the week, so feeling pretty good right now. Keep up the good work guys.P.S. I think it was only captain twee that didn't know that Zak and Durti Cash and FX Pimp were the same person, masquerading as some 'scammer' who just so happens to be offering free information to the masses in exchange for what? Please tell me someone, exactly what do I get out of waking up at 5a.m in order to aid you with some ammo in time for the London Open. Any thoughts other than twee's a dick would be greatly appreciated.Oh, and also. Am I SELLING signals; Have I asked any one of you for any money? Or rather am I trying to be of some assistance in this messed up FX world ?See you at early o'clock for some serious pimpin. Let's put this whole thing on the back burner, demonstrate we are bigger then that nonsense, move forward in a constructive fashion and make our revenues from pips, without being reliant on advertising.Vive le Pimp. Vive le dan
Scammers? - NO, absolutely not. Our confidence would never have been boosted without your input Pimp and Dan007. We have learnt so much from you guys, and the learning continues.
Money? - NOPE, never been asked for a penny never parted with a penny.
Waking up at 5.00 am to help us guys? - cheeky, flirty spandex chat, what more could you possibly want?
Are we...
INSPIRED? - Yes absolutely, Dan007 posts his charts daily which shows us the sheer number of opportunities during the day. FXPimp adds his analysis and trades during the day.
CONFIDENT? - Yes absolutely, how could you not feel more confident when you can see how effective Dan007's system is and when you have FXPimp (metaphorically!) holding your hand throughout the day?
OPTIMISTIC? - The pips are out there. You can all see that for yourselves.
GRATEFUL? - Eternally.
VIVE LE PIMP, VIVE LE DAN007
End
Fran
GM everyboby,
I have been reading over and over the thread and still cant setup my metatrader. My charts look different from yours... And i trade with FXDD and they don't have crude oil and gaz etc... Any suggestion, an if you can't talk about that here, please PM me. Finally, do you know where i can read and learn more about the currency and oil and gold correlations? I think it is one of the greatest way to approach Forex. Thanks again for your help.
Sincerly,
Sarah
PS: i didn't spend anymoney from anybody in this thread
. the learning is actually free! (so far 
)
Hi Pimp, hi Dan007
Liked the look of GBPJPY this morning and got Dan's CCI84 cross and 60m 20ma (like that one too), waited for the break of overnight low (209.61), dithered over the spread (8), dithered some more, looked at GBPCHF and with GBPUSD saw a bit of a GBP move going on. Thought GBPUSD too late to enter, ditered some more, finally took 209.31 - LATE, don't tear your hair out boys!
Set our target - first target was 209.16 (on fib), it got there, it hung there, it went up, it got there again. GBPCHF retraced, GBPUSD stopped.
It's probably just a retrace, pause job, but we bailed out for 2 pips profit - oh the joys of being a newbie! At least we didn't lose.
Know what we did wrong - entered late, but the spread is a killer unless it romps away. Shouldn't have bailed out but we did.
Thanks guys, confidence still riding high. (Back on 209.16 as I write).
Fran
Le Pimp
Just checked my email - thanks, you and Dan have got a double date
Fran
GM everyboby,I have been reading over and over the thread and still cant setup my metatrader. My charts look different from yours... And i trade with FXDD and they don't have crude oil and gaz etc... Any suggestion, an if you can't talk about that here, please PM me. Finally, do you know where i can read and learn more about the currency and oil and gold correlations? I think it is one of the greatest way to approach Forex. Thanks again for your help. Sincerly,Sarah PS: i didn't spend anymoney from anybody in this thread
Hi sarah,
Best thing to do is tell you how we are set-up.
For the normal pairs we use a demo account from alpari (just google it and you will find their site to download MT4), make sure you make a note of where it is installed.
For gold and oil we use odl (again google it) then download a demo and install it, noting where it goes.
If you want I can make you up a "Dan" template to install.
Let me know when you have installed them and I will help further while the markets are mixed.
Note: you can install as many versions of MT4 as you like.
Also suggest you read the whole of the thread on FF and study the charts, we are "newbies" to this technique as well although we had our charts set up fairly similar for the past couple of months but just with the final pieces of the jigsaw missing.
For us the final pieces look to be the ccis and the correlations especially with gold.
hope this helps