Justin's Playground

have your tried Evolution for TMS?

http://www.jtatoday.com/evolution.html

do it with the Lotto model, you may hit the jackpot if the market condition is right.

I thought about that EA as well but it looks somewhat overkill with steep learning curve. I will try PZ software's free EA first, and then if I like it, I may consider buying their commercial version of that software. Anyway, thank you for that information.

Next week I shall be looking to trade the majors and some yen pairs..so keeping it simple..I was very busy last Friday and did not get the opportunity to trade..however my ucad trade ended at slightly above b/e..Charts atm are bearish for the majors

Trading Cross Pairs in Currency Futures
https://www.tastytrade.com/tt/shows/...irs-06-18-2015

Forex vs Traditional Futures
Traditional futures and forex futures operate in the same basic manner. A contract is purchased to buy/sell a specific amount of an asset at a specific price on a predetermined date in time.

Cross Currency Futures Spread
In order to trade cross currency futures, you need two contracts: one that you buy and one that you sell against the one that you purchased.
Benefits to trading cross currency spreads are:

1. Lower margin requirements (generally less risk)
2. Profit ‘potential’ regardless of price direction
3. Increased number of strategy options

What Are Currency FX Futures?
Currency futures are an agreement (futures contract) to trade one currency for another at a given date.
Typically, the price of the future is in terms of U.S. dollars per unit of other currency (given that one of the two currencies is the US dollar). When the U.S. dollar is not one of the currencies, this is called cross currency.

Cross Currency Definition
A pair of currencies traded in forex the excludes the U.S. dollar. One currency is traded for a different currency without exchanging the currencies into American dollars.
When trading currencies, it is import an (as always with futures) to keep in mind the notional value. If the futures of two different currencies represent significantly different amounts of currency, they need to be balanced out. To do this, we need to find the spread ratio for the currencies.

What Is A Spread Ratio?
To place an inter-market spread, you must first derive the spread ratio from the currency futures.
The spread ratio indicates the ratio of futures that must be held in the markets to equalize the value of the position held on both legs of the spread. This can be a little confusing, so let’s look at an example.

Calculating A Cross Currency Spread Ratio
Remember, to find the notional value of a contract, we multiply the amount of currency one contract represents by the price the future is trading at. Check out the examples below...
Euro FX futures are currently trading at 1.1425 and one contract represents 12,500 Euros. The notional value would be: 12,500x1.1425 = $14,281.
British Pound futures are trading at 1.5894 and one contract represents 6,250 Pounds. The notional value would be: 6,250x1.5894 = $9,935.
Now that we have the notional values, we can determine the spread ratio that we want to use for a cross currency trade.
To figure out the ratio, we divide the Euro's notional value by the Pound’s notional value. $14,281/$9,935 = 1.43.
This translates to approximately 2 Euro FX contracts to 3 British Pounds contracts, or a hedge ratio of 2:3.

upon looking deeper, gbpusd is not so bearish after all. For this reason, I will be looking at e/u,e/y, n/u,n/y, a/u and a/y for shorts and others as the week progresses.The mentioned pairs will be the "starters"

Worth looking at, just some examples..looking to go short

This week's forecast. No big update from last week.

Actually, I am building small BUY positions of USDCHF and AUDCHF. I expect some technical bounce. I should watch market sentiment carefully this week.

https://www.fxstreet.com/news/aud-we...n=fxstreetnews

https://www.forexlive.com/centralban...hikes-20180910

AU. Still long term down trend....

I like this daily analysis very much.

Don't know much about harmonic pattern but I am bearish too on this pair and in shorts from yesterday

taken 1/3 off and locking in at b/e..my first green pips of the week

Your trade explorer is looking excellent

taking 1/3 off and locking in at b/e for the aussie

thks Lisat, I am sure yours look even better

I haven't really traded much, a holiday for a whole month in Canada and then sorting myself out when back, but will start trading properly next week and then may even attach a trade explorer for public view, only one thing I wonder about, thats have you found it distracting in any way?