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11/16..Are you ready for some Forex!!!!!!!!!

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Captain
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Posted: #26
yeah its different every trade.........we got in just in the nick of time here....the lines will extend down here when this block closes in 6 mins so it should look even better on the chart
 
Covers Linesmen
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Posted: #27
Shocked a bit..

Sold my CAD/JPY for 40 pips, the sucker was down 100 pips earlier.

Also now long LB/AUD which reversed at 2.275

Wild stuff, went from down a ton to up 400 on the trade.
 
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Posted: #28
Another crazy trade..

sold LB/AUD at 2.28

50 pips

Thats 90 pips tonite.

700 bucks.
 
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Posted: #29
AUD/Yen looking like a rolling TOP..tempting.

To discuss FIB..ask questions that you have and I will answer them in this thread.
 
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Posted: #30
nice wall
 
Prospect
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Posted: #31
Buck...from your previous post, is it ready?
 
 
"$/CHF cross could be coming as well."
 
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Posted: #32
about the FIB I was mainly curious as how to choose the points
 
Captain
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Posted: #33
CDK i would give it some more time here just to make sure the lines keep heading the right direction....ats at the same price it was when i called it out awhile back
 
If it closes this block higher than the price of the prev blocks close price the DMI will turn around and be a no go
 
Prospect
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Posted: #34
Thank you Buck.....I will hold then
 
Covers Linesmen
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Posted: #35
FIB is great to use in extreme situations where a stock has either gained a ton fast or lost a ton fast.

What you are looking to do is find a starting point of the move and an end point of the move..

So say pair like LB/AUD moved up 200 pips like today, you would look at where the move STARTED and where it ended and link it up, then you can start at the TOP and connect it down and see where the fib retracement levels say the pair/stock whatever COULD go if it "retraces" the move, up or down..usually its 33/50/66 or a full retracement..those are the measures.
 
Captain
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Posted: #36
CDK you need CHF to close low 1.1980s to keep  the chart lookn good for a sell here....this 2hr will close at 1am
 
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Posted: #37
CHF is a very crazy short if you ask me..its been running on HIGH RSI for a very long time and nearing highs set back in June. That is one crazy trade.
 
Prospect
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Posted: #38
Buck,
 
Otherwise it would be buy the $ if the ADX were bust through +DI, correct?
 
Thx.
 
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Posted: #39
I see.  So you start at the bottom of a big uptrend (or top of big downtrend) mark it and then mark the other end.  The numbers will then tell you probable levels of resistance or where a reversal back up will come?
 
Captain
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Posted: #40
CDK you got it.....
 
Covers Linesmen
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Posted: #41
Long NZD/JPY at 53.60, was a little early and have a sell in at 53.95


 
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Posted: #42
moving against us now, which is fine, but the new 2hr looks like +DMI is flattening out...
 
Captain
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Posted: #43
Yeah Pop the charts are a mess now as well.....i shoulda sold when i was up over $500 earlier.....just went +$150 again but still i would rather be going to bed right now not watching this
 
 
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Posted: #44
Wall streeet Capper......I don't know what you saw other than a double bottom, but nice call on the NZD/JPY long purchase as you got your target
 
Captain
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Posted: #45
$/CAD see good things come to those who wait  jumped out with almost $1100 and it still dropped another 10+ pips...wow i was gonna set a limit here soon now i can sleep easy
 
Nice call on NZD/JPY Wall....i looked at the chart can you tell what you did to see a trade in there?
 
I would have loved to sell CHF just 30 mins ago in the upper 1.1990s  it then dropped into the 40s but $/CAD was still open and didnt want to be in both...
 
 
 
Captain
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Posted: #46
CDK did you trade CHF?
 
Captain
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Posted: #47
I guess everybody called it a night.......ill be back around 5pm or so hope everybody made some $$ 2night
 
Again 2night both my trades i pointed out were good ones...CHF closed in the right range for a trade and was good for 30+ pips......$/CAD good for over 70 and maybe more i closed forex after i got out didnt want so see the 1.22s...
 
+1100 today better start than we had last Sunday see you guys 2night
 
Captain
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Posted: #48
Both trades turned out to be good for 100+pips
 
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Posted: #49
couldn't make it, think i passed out around 1 ... but set my limit and made 30 pips on the USD/CAD
 
 
 
Covers Linesmen
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Posted: #50
Quote Originally Posted by cdk68:

Wall streeet Capper......I don't know what you saw other than a double bottom, but nice call on the NZD/JPY long purchase as you got your target


Thanks..also the +DMI was trolling the bottom pretty strong and I have noticed if the RSI and DMI are trolling low that once in a while you have to look at the chart and determine there is value biting BEFORE the turn in the DMI over 20.

I did get out for the 35 pips last night.
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