February Forex and beyond

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Author: [Investments] Topic: February Forex and beyond
wallstreetcappers PM wallstreetcappers
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Posted: 2/1/2010 12:16:42 PM
Good trade so far rick..

looks like about 50 pips on that AU long?
icemantbi PM icemantbi
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Posted: 2/1/2010 12:31:28 PM
Boy, I really love theories!  Thanks a ton for that trade Wall! 
rick3117 PM rick3117
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Posted: 2/1/2010 12:34:10 PM
@ 42 pips currently and the charts are still looking good

ADX still very high,

DMI's still looking good, and Macd still good.



going to have to see what the next 4 hr candle brings.
wallstreetcappers PM wallstreetcappers
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Posted: 2/1/2010 2:14:36 PM
QUOTE Originally Posted by icemantbi:

Boy, I really love theories!  Thanks a ton for that trade Wall! 


Its just correlative trading and for the last how long it is pretty accurate.

Same theory would suggest selling on a bounce tomorrow..
rick3117 PM rick3117
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Posted: 2/1/2010 2:46:43 PM
Got my MacD cross, but Dmi is leveling out, and the ADX is dropping as I am nearing a Fibonacci level .

Dropping down to 1hr charts to plan an exit if one of the next two hours close above the fib level I will switch back to 4hr charts
wallstreetcappers PM wallstreetcappers
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Posted: 2/1/2010 2:55:31 PM
I dont see much resistance on the hour chart until the failed top at .8965 or so..then .9050

Are you "Fibbing" from .9050 down to .8785?

If so then you are sitting right at a 50% retrace, but not sure a fib move off a 1 hr, 3 day chart means much...
wallstreetcappers PM wallstreetcappers
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Posted: 2/1/2010 2:58:21 PM
Side note..

Dropped my buy limit down to 144 even versus 1.4420
rick3117 PM rick3117
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Posted: 2/1/2010 3:39:49 PM
no I am on 20 day charts.
4hr and 1 hr

The only thing that really changes are the DMI numbers

and the MacD crosses.
rick3117 PM rick3117
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Posted: 2/1/2010 3:45:45 PM
and RSI / ADX
rick3117 PM rick3117
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Posted: 2/1/2010 3:46:34 PM
Fib lines remain the same
bucknuts PM bucknuts
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Posted: 2/1/2010 5:24:27 PM
Sold EUR/JPY....looking for 30 pips here
bucknuts PM bucknuts
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Posted: 2/1/2010 5:32:54 PM

forogt to add 126.27 entry....

icemantbi PM icemantbi
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Posted: 2/1/2010 5:33:34 PM
What was your entry point Buck?
icemantbi PM icemantbi
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Posted: 2/1/2010 5:34:16 PM
Ok, looks good.. will jump in
rick3117 PM rick3117
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Posted: 2/1/2010 8:37:20 PM
Just got back from a nice dinner with the wife and found 82 pips waiting for me. 

aud/usd for 82 pips. 

I will wait and see if it breaks the 89.15 level.  No point in holding and waiting have a buy programed @ 89.21 ( 23 pip stop/ 40 pip limit) 
rick3117 PM rick3117
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Posted: 2/1/2010 8:44:19 PM
seems to be rejecting that level


for the moment anyway.
wallstreetcappers PM wallstreetcappers
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Posted: 2/1/2010 9:22:14 PM
Some of these charts are in sink or swim area..consolidation after moves up and they are either going to base out and go higher or turn over like a dead fish..
bucknuts PM bucknuts
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Posted: 2/1/2010 9:25:22 PM

you get a better entry than me ICE?

It broke the trend line on the 4hr to the upside but the 2hr looks good for a dip....

bucknuts PM bucknuts
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Posted: 2/1/2010 9:51:28 PM
hoping for the dead fish here
bucknuts PM bucknuts
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Posted: 2/1/2010 10:48:05 PM
im out with 23 pips here ICE...crazy movement after RBA rate talks.........im calling it a night boys
wallstreetcappers PM wallstreetcappers
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Posted: 2/1/2010 10:49:39 PM
Nice job..

These charts are spikes all over the place..

Still holding out for 144 even myself and the 65 pips...


bucknuts PM bucknuts
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Posted: 2/1/2010 11:01:41 PM

after i watch it flux between 126.15 and 126 it woulda just hit my limit.... 

Got to get back into my groove here...EUR/USD trade is bugging me and ive been scared last week or so but ill dig my way outta this puppy this week...

GL in the afternoon tomorrow boys

bucknuts PM bucknuts
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Posted: 2/1/2010 11:25:35 PM
EUR/JPY went from 126.50 to 126 in less than 5 mins
icemantbi PM icemantbi
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Posted: 2/1/2010 11:42:01 PM
I got in at a higher price Buck... 126.35, set my limit at 30 pips, and hit it.  Thanks man, keep up the good work.

I'm just pissed I missed Rick's trade. He had a whopper there
bucknuts PM bucknuts
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Posted: 2/1/2010 11:50:31 PM

I wish i had held that AUD/NZD short longer...Matt has his groupies in two trade right now and both are in the positive by over 150 pips

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