11/9-10........Monday $$$

Well it wasnt the best Sunday but i got $810.....and the two trades i called out and didnt trade were the BIG $$$$$$ trades.........USD/CAD i called out as a buy at 1.1778 and said i thought it would test 1.19.......took longer than i thought but its at 1.1950s now

EUR/JPY was good for 100+ pips b4 3am....

 

On to 2night looking through the charts just want to get the thread up

wow i just noticed i got my date wrong...11/9-10 is what it should read could a MOD please fix this for me THX

I dont see anything worthy of trading.....plenty of crosses going through right now missed them all by an hr or two........but ill be waiting for something to pop up

Wall,i have no idea

Not going to trade it but i like USD/CHF for a sell here at 1.17816

whats up bucknuts, been following along a bit.  my buddy tried to get me into this a while ago but i never took to it... might give ita try here.

 

looking at the charts what about USD/CAD 4hr charts looks as though about to cross +DI and ADX right about now?

POP youre right its close to crossing..it may not.....but the pair is prob on its way down...are you in a practice account or what?Practice account id say give it a shot....real $$$ id say there will be a better trade here next few hrs

 

If the DMI turns down the ADX line will stay above...doesnt mean it wont drop but....

I should have tailed the mod he said if EUR/USD broke through 1.2740 look for 1.27.......he was right its still dropping too

yup just playing around in a practice account trying to get the hang of things, etc

buck, just a question...i know you mentioned that you use the 4hr charts mostly but i noticed that yesterday you were making some calls based on the 2hrs (i think??)  do you use both?

woop, just got the msg, deal completed ha.

 

using my practice account went short on that USD/CAD 1.9820 set limit for 30 pips and just got the popup that it hit. 

 

buck, how many pips til you get out of a trade?  does it differ everytime?  also, do you set stop limits at all?  i know you average a lot, but what if it just keeps going down and down? 

Sorry Pop passed out watching CHUCK.........i dont set stops...ever

 

Every trade is different if im trading short term charts most of the time i go for 10-30 pips depending on the chart/pair...Take USD/CHF trade i pointed out....i prob wouldve averaged after i got down 30-40 pips bringing my avg price to around 1.18ish and it has come all the way back down to 1.1770-60s......with 4 lots now i would have went for at most 15 pips or so and id be out

 

 

Nice call on USD/CAD

no prob!  just watching my 49er's +10 about to get

 

im just confused about one thing right now... i know you mainly use 4hr charts to look for the sign... but do you also use other time frames?  or when you find the sign do you then use other time frames to trade from those??

 

thx for all the help btw

 

 

 

 

I like to use the 4hr mostly but i will also use the short term charts to try to see what that pair will do first...Its different with every trade really....sometimes you get the same signal off both the 2@4hr charts,other times you may see a cross coming on the 4hr that would cause a drop but shrt term charts will look as if a move up is coming first,but if its topped or bottomed out on a 4hr i dont worry about the shrt term charts

I still dont see anything i like here on the 4hrs.......USD/CHF still looks to be a sell to me....if it can push back up to 1.1830s or better i will prob sell two....

 

I really should be going to bed but after an almost 3 hr nap im wide awake...

ahh so if i understand correct you first look at the 4hr charts and if you see a cross indicating a movment up or down then you will look at the short term charts to see exactly when to get in on the trade (ex: 4hr indicated pair will move down, but short is showin it move up so you wait until short is showing a movement down).  but if the 4hrs are topped or bottomed out then you dont even worry about short term charts?

 

hmmm don't see the USD/CHF myself... what is indicating the sell?

 

 

You got it POP and when trading you cant worry about getting down 20-30 pips....i wont even avg until at least down 30 just cause its not worth it to avg for less......if you avg down 30 you getting less than 15 pips....so why avg down 15-20?

 

You just have to be patient and have entered the pair for good reason and if you like what you see in the charts just wait it out....

 

USD/CHF is trying to come up to me here lets see if they can push it to me next 15 mins

selling two lots at 1.18089

set my limit at $350......gonna stay up for a few here hope its starts moving quick for me here

up $100 make a push here and send me to bed

keeping my limit at $350 and calling it a night........will update in the am

well looks like it took out my limit within 30 mins after i went to bed.........i see it hit a low of 1.1720s

 

POP i sold cause the RSI had stalled on the 4hr and the DMI were crossing on 2hr...i didnt expect a 100 pip drop though