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Any Forex traders here?

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Posted: #26
Quote Originally Posted by icemantbi:

Geez, this stuff is confusing me.  Not sure what I'm doing here.  Was trying out USD/CAD pair, as that's what I'm more familiar with.  Already showing a loss on my first trade.  Not sure what the heck I'm doing here.

Market for forex is close right now....they open again sunday around 5 p.m estern

 
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Posted: #27
Quote Originally Posted by nghia1973:

Market for forex is close right now....they open again sunday around 5 p.m estern



Ah, that's why the currencies aren't moving.  I was wondering why that was.  My first trade I fucked up on because I thought I had bought USD at 1.80267 (the bid price) so when I saw the ask price at 1.08302 I sold, and was confused when I saw a loss.  Then I noticed what I did wrong. Good thing they have practice accounts
 
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Posted: #28
So the first thing I learned here was that you always end up buying the currency high and sell the currency low, so you need the low number to cover the pip spread to make a profit.  Kind of like a favorite having to cover a point spread I guess.  Not as easy as it looks.
 
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Posted: #29
i wrote out a long as response and when i hit submit i got the error page.....if you guys are still on here respond and we can look at a chart together and i point out what i look for
 
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Posted: #30
i wrote out a long as response and when i hit submit i got the error page.....if you guys are still on here respond and we can look at a chart together and i point out what i look for
 
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Posted: #31
looking at the charts from lastnight i see USD/JPY went down to 1.0485......that coulda been an easy 50 pip trade but i sold out too early....30+ pips still not bad though
 
I will be here all next week to make a play at 3am....so if you guys can be here we can make some $$$$$ together
 
Nghia@ Iceman
 
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Posted: #32
Take a look at EUR/CHF......its ready to be a buy at open
 
RSI is on the bottom +DMI line bottom ADX line topped put.......id look for the pair to move up about 70 pips....ill be watching this Sunday 5 0clock sharp
 
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Posted: #33
see you back here on sunday
 
Legend
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Posted: #34
Was just checking my Forex practice account. Made my first profits on the USD/CAD pair!

I think I could get hooked to this Forex stuff!
 
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Posted: #35
iceman=>how much did you gain?
 
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Posted: #36
Quote Originally Posted by nghia1973:

iceman=>how much did you gain?


Well, it wasn't much.  I had bought 2 lots of US dollars on Friday night, before I realized that the Forex market was closed.  Then when I checked my Forex practice account, I saw I was up $125 or so and I closed my position.  Wasn't much, and it's not real money, but it was cool seeing the money potential with this.  I still need to learn a ton though, I basically lucked out because truthfully, I'm not sure what I'm doing
 
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Posted: #37
I'm going short on the usd/chf right now...not doing good
 
 
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Posted: #38
missed the little bottom out on EUR/CHF.....tested 1.5300 right at the close of the last block couldnt pull the trigger up 30 pips in 7 min
 
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Posted: #39
USD/CHF is dangerous.all the lines middle part of the chart.......could go either way
 
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Posted: #40
nghia what did you get in at?
 
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Posted: #41
I got it at 1.1282    at minus pips right now around -20 pips
 
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Posted: #42
bucknuts, what currencies pair are you looking at now?
 
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Posted: #43
what site do you trade with?
 
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Posted: #44
I brought a premieretradeAI software back over 3 years ago.  My broker is FXDD, but my charts are from PremiereTradeAI
 
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Posted: #45
damn, i brought 3 lots..now down to -90 pips
 
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Posted: #46
just got out of all 3 lots for a lost of 72 pips.....
ok, i need some help
 
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Posted: #47
watching EUR/CHF....tested 1.5390 twice since open if it gets there again i will buy 2 lots
 
i trade using 4 hr chart..technical indicators only RSI @DMI
 
look at EUR/CHF setting up your chart with those and look how RSI line is on very bottom and DMI line are as far apart as they can get.....as i type this though its already 40 +pips off its bottom i think i missed it
 
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Posted: #48
what do you set your rsi at?  upper band 70, lower band 30, length 14?
 
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Posted: #49
nghia.......75 25 14
 
 
 
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Posted: #50
so if it go below the 25 band, you sell?  and over the 75 band, buy?
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