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12/14....Time to start up the $$$$$ machine

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Captain
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Joined: Oct, 2005
Posts: 8951
Posted: #1
Im not going to be home for open heading out for dinner.....be back by 7 pm.......good luck everybody
 
Captain
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Posted: #2
How does one begin to learn what you guys are doing with this forex? Read a little of your previous threads and it seems like you're doing well.
 
Veteran
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Posts: 1162
Posted: #3
cross up on eur/jpy not sure if it carry over the weekend?
 
jrock, best thing to do is to open a practice account... forex.com is good and also you can get a free $25 account at fxcm. 
 
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Posted: #4
bought at 121.75...we'll see
 
Veteran
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Posted: #5
sold for 70 pips total
 
Veteran
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Posted: #6
looks like bottoms or close to it on usd/chf
 
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Posted: #7
bought at 1.1732
 
Covers Linesmen
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Posted: #8
Wow.

HUGE gap down for the CHF, I really thought it might reverse but down 40 pips on the session.

US.Yen reversed after gapping down too.


 
Captain
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Posted: #9
Nice way to start the week Pop.....just jumped in CHF got 1.17008
its bottom  +DMI and RSI now on the 4hr.....set a limit for 50 and will be going to bed here shortly....
 
Captain
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Posted: #10
CHF is moving up a bit for me here now 1.1720sbut
i guess you guys have called it a night.........ill stop to update CHF trade in the morn and i will be here after work prob around 5 pm or so....good luck guys
 
Veteran
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Posted: #11
buck, just heading bed here myself.. had to average the chf, but its going up now
 
Captain
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Posted: #12
you should be good Pop......what are you at now?
Did u set a limit?
 
Veteran
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Posted: #13
im net +15pips... set at limit at 1.1730 for total of about 50pips i think
 
Captain
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Posted: #14
you should be $$$$ buddy..........see you guys later tonight
 
Veteran
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Posted: #15
 
 
time for
 
Covers Linesmen
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Posted: #16
CHF looks like a dicey trade, I am in from higher numbers and am considering taking only the second losing trade since starting and moving on.

I have a plus in this US.yen trade but the loss on the CHF is making me miss other opps.

I know it will come back, I will probably hold it and give it some time since it is so badly oversold..hitting November consolidation levels, but it has a nasty triple top on a three month chart.
 
Covers Linesmen
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Posted: #17
USD.CHF


 
Captain
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Posted: #18
yeah USD/CHF shit the bed for sure......im holding on still got my average down.....gonna sit back and enjoy the show here.....wish me luck only need it to pop back into the 1.1640s and ill be out with a nice chunk of change
 
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Posted: #19
dont see much right now... gonna get back into some usd/jpy...moving averages on the daily charts still indicating its gonna go down
 
Veteran
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Posted: #20
went and did it...plunked some  into forex.com mini account.  my practice account extension is gonna expire here soon and beginning friday I have almost 3 weeks off work in which I can play around.  Interested to see how the pairs act during day.  also during the late night since i will be visiting home on the westcoast for little bit and be able to watch the european openings without having to be up at 2-4am
 
been doing well in my fxcm account, have it up over $100.  think i will use that for my more risky trades or ones im not the most confident in and my forex account for my most confident trades.
 
Covers Linesmen
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Posted: #21
Wow..

The Fed cuts rates and the USD pairs gets HAMMERED..within minutes the CHF pair drops over 100 pips, the Yen pair drops 80 pips, the CD pair drops 100 pips.

I think the verbage of low rates for a long period is really hammering the USD.
 
Covers Linesmen
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Posted: #22
The LB.USD went up almost 200 pips after the announcement.

I might take my beating and work out of this hole, these US pairs are toxic disasters.
 
Veteran
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Posted: #23
I'm glad the USD/CHF I bought last night was just on a practice account. 
 
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Posted: #24
from reading about interest rates and it's affects on currency pairs a while ago it seems like it is one of the news events that really moves them, at least initially.  seems that when a country lowers interest rates, it is usually bad it's currency as in general global investments will move from that county to another, which is essentailly selling that currency and buying another.
 
i think after the initial reactions, they should move back...but who knows
 
 
Captain
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Posted: #25
yeah rate announcements are good times to trade......if you can trade in the afternoon/mornings you can benefit from the data releases.........
 
Took a beating on the CHF pair.....wiped out all of last weeks profits....sad thing is i set my original limit for 50 and it got to within 7 pips or so of getting it...why didnt i just go for 40??????????
 
Got some NZD/USD just after selling CHF....Matt Russell had three trades ideas up and all three were good....
 
Wish i kept that EUR/USD i picked up at 1.2350s a few weeks back....i knew it would hit 1.40s b4 xmas
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