EFX Account is Online

Well EFX has deposited my funds into my account, so I'm back to trading live. I started out light today trading small mini-lots. Speed and execution were a little faster than what I experienced in the demo account. The spreads are relatively small or non-existent. Even the spread for GBP/JPY averaged around 3-4 pips today. During today's trading the spread for GBP/USD was typically between 1-2 pips. Of course I'm paying commissions for my trades. I think the Level II quotes will also come in handy.

By the way my daytrading has really evolved over the last few months. Actually things changed when I setup my new trading area. Just to recap I have 3 monitors two 17" LCD's and 1 20" wide-screen LCD. I only daytrade GBP/USD and I watch the following time frames; 5min, 15min, 30min, 1hr, 4hr, and Daily. Since I mainly trade price-action (with pivots/cams) I'll take a trade off of any of the lower time frames (not the 4hr or daily). However I feel i get my best information from the 5min and 30min charts. It might be obvious to most folks, but it wasn't for me. Watching these time frames just makes things a lot clearer. I mean a LOT!! If you haven't already just try it.

So my schedule is like this. I trade forex via the Europe session, and I "watch" the futures during the NY session. And of course I'm still Swing trading Forex.

This week will be lite trading for me. I'm preparing for a trip to London next week, so I have a lot of distractions. I will daytrade however it will be small mini-lots, and it will primarily be to get a good feel for the Live EFX account.

Trade Well....
Brent