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Chris BCN's Page

Latest Activity

Chris BCN posted a status
"Trying to understand which charting platform will work best for me? Any suggestions gratefully received."
May 13
Indy commented on Chris BCN's status
"luktom visual order editor  (lvoe). is quite good, allows multiple partial closes, move to b/e etc and you can drag and drop to edit orders too Regards Indy"
Apr 7
Chris BCN posted a status
"Im looking for a good MT4 trade manager to scale out of trades and move stops to break even ... can anyone suggest any please."
Apr 7
Chris BCN left a comment for noel mchale
"Welcome Noel, great to see a new member, especially one from the great county Mayo."
Mar 29
Chris BCN left a comment for Peter Hill
"Welcome Peter, nice to see another Brit in the community. "
Mar 29
Chris BCN posted a status
"Someone else's wisdom: Be patient and wait for the right opportunities. But most of all know your Strategy like Your Best Friend."
Mar 28
Chris BCN commented on Chris BCN's photo
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pivots

"Its is the calculation base on time of day start / finish. There are three standard pivots timings. NYclose, London open, 0 GMT. My screenshot shows the NY close versus the midnight GMT. Price respecting both regarding pull back to central…"
Mar 28
JohniFx commented on Chris BCN's photo
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pivots

"hm. anyway Pivot has a very simple calculation : any difference must be in the HLC values..  "
Mar 28
Chris BCN posted a status
"I see that today Pip, from Fibo and Pip is having a holiday. Good on him."
Mar 28
Chris BCN commented on Chris BCN's photo
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pivots

"Its a look at the NY pivots versus the UK pivots. Notice that when asia opens and the NY end of day is declared the new central is the target for price. Then several hours later price sees the UK pivots and heads for them just to make sure. "
Mar 28
JohniFx commented on Chris BCN's photo
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pivots

"nice charts. I have no UY but I thought NY with some correlation aftercalculus would add 2 cents "
Mar 28
Chris BCN posted a photo
Mar 28
Chris BCN commented on Chris BCN's status
"As they say, you get nothing in life for free."
Mar 28
Chris BCN posted a status
"Whats your bias? eSignal Metastock MetaTrader MultiCharts NinjaTrader, or TradeStation"
Mar 27
Chris BCN commented on Francesc Riverola's blog post Do You Want To Collaborate in the 1st eBook of Our Community... Let's Share Your Best Piece of Advise!
"It would be an honour."
Mar 27
Chris BCN commented on Igor Titara's photo
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stock-market

"I have this on my wall :)"
Mar 26

Profile Information

About Myself
I live in Barcelona (Catalonia, Spain). I love sailing, walking up mountains and snorkeling (diving) with the fishes. Barcelona is a great place to be, life is fantastic and the people here make life so exciting.

Im married (to a catalan girl) and we have a 2 year old son called Oscar. He keeps me very busy and every moment with him is a blessing. Even when its during trading time.
Trading style
Intra Day Trader
Current Broker
GFT

Chris BCN's Photos

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Chris BCN's Blog

Ooops there goes another trading account

Posted on March 23, 2013 at 12:52am 10 Comments

There are moments in life which you remember, and the more your remember them the more you change them towards a more favourable reflection of ones self. It is one such memory which I wish to share to the forex street community many I can now proudly call friends.

Recently I had a bad week for one of my trading accounts. I made one stupid mistake which devastated one of my trading accounts and knocked my phycological level into the STOP trading zone.

The dust has settled and I…

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Step one in trading is to master the daily timeframe

Posted on March 13, 2013 at 4:31pm 6 Comments

If you do not know how to recognize whether an currency pair is trending, in a countertrend mode, or a consolidation mode then you will get confused when you look at the lower time frames. Using multiple time frames is an advance optimization technique. Once you trade the daily time frame for a while, you will learn when price is trending, going against the trend, or in a consolidation pattern.

Why start with the daily?

I think we can all agree that global economics has a…

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Euro Day Trading System

Posted on March 7, 2013 at 2:34pm 2 Comments

I was reading the fantastic FX Trader magazine today and they mentioned an interesting system to trade the EUR/USD.

I have extracted the following and was wondering if it might be possible to automat this approach for backtesting and perhaps profit.

The EUR/USD day-range robot.

Assumption:

This system is based on the "Opening price principle" developed by Earl Hadady for trading commodities. The principle states that 65% of the time, the opening price was…

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Forex and the need for zero-sum hospitals

Posted on March 7, 2013 at 11:56am 2 Comments

We are all told early on that Forex is a zero-sum game. But Im not that sure anymore. When I think of zero-sum games I think of a quiet game of poker amongst buddies. Sunday afternoons in the basement with beer and nachos. Whenever one of the players wins the money (winnings) comes from the losses of the other players (simples).

But head down to your local casino and the rules change. When the house takes a percentage of the pot or a fixed fee per hand the game becomes a negative-sum…

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