Posted:
#51
shut, how come i don't have DMI? what is it stand for?
Any Forex traders here?
Posted:
#58
sorry the cat got shut in the 2yr olds room somehow and woke him up.......see on the chart how the pink +DI line is on the bottom and the blue RSI line bottom........thats what i look for if they bottom out i play it to go up....and when they top out i sell
Forex.com has the best charts or i may just be biased as i learned there......but the Fib lines and everything are easy to set up....open a practice account and you can trade on your platform just using forex.com charts
Posted:
#59
Quote Originally Posted by bucknuts:
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
i called it out just couldnt pull trigger.....dropped to 1.5390s now in the 1.5460s 70 pips
Posted:
#63
USD/CAD sell but it can still move up as the RSI still has room to move up.........the DMI lines are nowhere near top or bottom though so i would wait awhile b4 i did anything...
I only play when its top top or bottom bottom.....the pair may move down and i might miss it but if it doesnt meet my technical indicators....i dont touch it
youll miss some plays this way but generally the ones you make are for more pips.....
Posted:
#66
depends on the size of the blocks on the chart.....90 pip blocks on USD/CAD so i would shoot for 60 or so...when its ready...but usually about 60% of a block or so
looking at USD /CAD on a daily chart the ADX line will cross up through the +DMI line which usually means a bigger move pip wise this should happen this week.........maybe 150-200 drop to come?
Posted:
#67
playing TT BB works all the time....when you use a 4 hr chart you r looking at more gradual ups or downs and they take some time but are often times 500+ pip moves[look at USD/CAD started up at 1.0350 now 1.0870].........best time to play no matter what system you use is 3am-11 am.....with the peak time of 7am-11am.....the hrs just b4 and our stock market gets going
Posted:
#70
i would only be in it as long as it took me to get my 60-70 pips....it needs to come back down to me though im not chasing it..1.5390-1.5400 ill buy otherwise im just watching
think i missed EUR/GBP too its up 30 pips from the bottom....im watching those 2 and AUD/USD though it need to drop another 80 pips prob to bootm out my lines
Posted:
#71
I watch all my trades..but i set limits.Then once i hit my target i will sell first lot and chase the other with stops.I always start with 2 lots...like to have plenty of room to average and keep $$$ open in case something else pops up,but with 2 lots if you nail your trade thats $1200 or more....last two 3am trades i posted were $1040
Once i figured out the best time to trade and found a system the worst thing i was doing was selling out too early....as i said we r looking at slower moves and id buy a pair that moved 670 pips down over 5 days then sell my lots for 60-70 pips and log in later to find it moved another 60+ pips in my direction.trying to correct that but i dont want to get greedy either
Posted:
#72
USD/JPY aslo could be a buy here in a few hrs but its got to keep moving down some....EUR/JPY also now shaping up 1.5500s on the 25th and closing in on 1.4100....1400 pips in 2 weeks
we arent looking for the big correction here just a signal that will give us white candle like the one on the 2nd 8pm block...Bottom Bottom it also has the ADX line crossing UP through -DMI line[signals a reverse]and in 8hrs it went from 1.4470 to 1.4650.....
Posted:
#73
really appreciate you sharing your infos. will look for your advice/tips in here. as you can see, i have a lot to learn. you seem to have a profitable strategy. thanks for sharing.
do you look at pairs that have higher spread, like cad/jpy or you only look at pair that have spread like 5 or lower?
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