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Any Forex traders here?

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Legend
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Joined: Sep, 2007
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Posted: #101
Hey guys, I logged in to my Forex account.  So, what exactly do I look for?  What is the DMI and RSI lines I'm supposed to be looking for?
 
Captain
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Posted: #102
wow everything we were looking at has just went off........EUR/JPY 141 level.....EUR/CHF approaching 155
 
Legend
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Posted: #103
Well, just bought some Yen.  Was down to start with, but now in the positive
 
Legend
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Posted: #104
In and out for a $150 gain
 
Legend
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Posted: #105
Bought CHF, going through the roof
 
Captain
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Posted: #106

ok on the forex page there a tab that says chart v. 1.0........click on that...click the technical studies tab.add RSI[sma] and Directional movement index......once you have those go int the right hand corner and zoom chart out 3 clicks

 

you should then have almost a months worth of blocks on your screen.....this is important cause you nned to be zoomed out far enough to see if the DMI RSI ever reall touch bottom

 
Legend
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Posted: #107
Ok, I got that.  So, you buy when the DMI is lowest, and sell when the RSI is highest? 
 
Captain
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Posted: #108
sorry if its hard to read....i cost myself a trade early tonight.... missed a great buy right on my# while i was typing....so i want to be quick........any questions fire away
 
Legend
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Posted: #109
Well, I'm just riding the waves and it's working out pretty well. 
 
Captain
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Posted: #110
when the +DMI and RSI touch top of the chart sell....when -DMI and RSI touch the bottom you buy....4 hr chart
 
an upward cross of the ADX over either DMI line with RSI near top or bottom [RSI top=buy or RSI bottom=sell]
 
Captain
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Posted: #111
Quote Originally Posted by bucknuts:

when the +DMI and RSI touch top of the chart sell....when -DMI and RSI touch the bottom you buy....4 hr chart
 
an upward cross of the ADX over either DMI line with RSI near top or bottom [RSI top=buy or RSI bottom=sell]

SHOULD SAY +DMI and RSI touch bottom buy..i typed -DMI

 
Legend
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Posted: #112
You think the Swiss Franc will fall?  It hit the multi-month high against the Dollar
 
Legend
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Posted: #113
Quote Originally Posted by bucknuts:

SHOULD SAY +DMI and RSI touch bottom buy..i typed -DMI



Ok, I see.  I'll see if I can find some plays based on that.  Thanks for the help
 
Captain
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Posted: #114
its settled down a bit last 30 mins
 
Captain
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Posted: #115
NGHIA u still in here??Whats your total 4 the night?
 
Legend
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Posted: #116
I've been making nice bank riding the USD/CHF pair.  USD keeps going up.  Put a stop loss and limit on it.  Going to catch some sleep, see how high it gets when I get up in a couple hours.

Thanks for the help bucknuts, really cool interesting stuff here.  This can be a nice little moneymaker. 
 
Captain
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Posted: #117
sell 2 lots USD/SDG set limit for 20 pips.....buy EUR/JPY when it gets back down to 140.15 or so set limit for 30
 
Captain
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Posted: #118
USD/SGD sell 1.2619??not sure i closed FOREX going to bed....be back to update in morning
 
 couple plays forming for  7-9 am..check JPYs....EURs
 
Veteran
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Joined: Mar, 2008
Posts: 1818
Posted: #119
sorry guys, i fell asleep.  did i miss some valuable trades?
 
Veteran
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Posted: #120
don't know if i was reading it right, but i just went long on aud/usd...
 
Legend
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Posted: #121
Quote Originally Posted by icemantbi:

I've been making nice bank riding the USD/CHF pair.  USD keeps going up.  Put a stop loss and limit on it.  Going to catch some sleep, see how high it gets when I get up in a couple hours.

Thanks for the help bucknuts, really cool interesting stuff here.  This can be a nice little moneymaker. 


Well, woke up and saw the Dow down huge, hence my position went in the tank.  Oh well, best not to sleep when trading. Didn't lose much.
 
Legend
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Posted: #122
Big time rally by the AUD over the YEN.  Riding the upward wave for what looks like a huge gain
 
Legend
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Posted: #123
Position sold as curve going down.  Made $750 of fake money
 
Veteran
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Posted: #124
Quote Originally Posted by icemantbi:

Position sold as curve going down.  Made $750 of fake money

even though it's fake money, but a job well done....

 
 
Veteran
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Posted: #125
bucknuts=i found the dmi chart.  how do you look at the dmi to make the trade?
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