Crosses are good on both.tops and bottoms are too but off the 2hr its usually just a small rebound like GBP/USD yesterday...it bottomed on the 2hr and had a 70 pip rebound froms lows in 1.4880s.....but after we went to bed it was bottomed on the 4 hr at 1.48 flat and jumped back to 1.50
Crosses are good on both.tops and bottoms are too but off the 2hr its usually just a small rebound like GBP/USD yesterday...it bottomed on the 2hr and had a 70 pip rebound froms lows in 1.4880s.....but after we went to bed it was bottomed on the 4 hr at 1.48 flat and jumped back to 1.50
Crosses are good on both.tops and bottoms are too but off the 2hr its usually just a small rebound like GBP/USD yesterday...it bottomed on the 2hr and had a 70 pip rebound froms lows in 1.4880s.....but after we went to bed it was bottomed on the 4 hr at 1.48 flat and jumped back to 1.50
^
I
experience
Quote Originally Posted by bucknuts:
Crosses are good on both.tops and bottoms are too but off the 2hr its usually just a small rebound like GBP/USD yesterday...it bottomed on the 2hr and had a 70 pip rebound froms lows in 1.4880s.....but after we went to bed it was bottomed on the 4 hr at 1.48 flat and jumped back to 1.50
Forex insider say buy $/JPY on dips they expect to see 98 later in the session.....i should buy 2 lots and set it for 40 that would only be 97.50s when it knocked me out
Forex insider say buy $/JPY on dips they expect to see 98 later in the session.....i should buy 2 lots and set it for 40 that would only be 97.50s when it knocked me out
Missed a cross on NZD/JPN at 54 right around 11 or so, it was good for a 50 pip move, then tried to short at 54.75 and no luck there either.
I am also noticing a lower high/lower low on 4 hr chart for AUD/JPY. The DMI isnt in sell territory but RSI looks like it is testing 60 again for a short.
Missed a cross on NZD/JPN at 54 right around 11 or so, it was good for a 50 pip move, then tried to short at 54.75 and no luck there either.
I am also noticing a lower high/lower low on 4 hr chart for AUD/JPY. The DMI isnt in sell territory but RSI looks like it is testing 60 again for a short.
Tried to hit AUD/JPN long but missed it by a few at 62.60 and now it has run 40 pips. Also tried NZD/US at .552 but it has reversed back up..charts looked good for a bottom.
Will keep looking.
Tried to hit AUD/JPN long but missed it by a few at 62.60 and now it has run 40 pips. Also tried NZD/US at .552 but it has reversed back up..charts looked good for a bottom.
Wall are you using fibonacci to find entry points?
I know some people on here dont like the fact that the once in awhile im forced to average but when youre looking at 4hr chrt i dont mind being off by 30-50 pips on a 200+ pip move,even its only 100-150 pip move i alway get what im looking for outta my trades..
To be honest most of the time i sell well short of max profit....EUR/GBP lastnight was a good example i sold out for less than 30 pips when the trade is still moving my direction and if you look at the dailys this could come down a few hundred more but im not playing dailys just yet
Wall are you using fibonacci to find entry points?
I know some people on here dont like the fact that the once in awhile im forced to average but when youre looking at 4hr chrt i dont mind being off by 30-50 pips on a 200+ pip move,even its only 100-150 pip move i alway get what im looking for outta my trades..
To be honest most of the time i sell well short of max profit....EUR/GBP lastnight was a good example i sold out for less than 30 pips when the trade is still moving my direction and if you look at the dailys this could come down a few hundred more but im not playing dailys just yet