Posted:
#51
hah duh... i should have put 2 and 2 together 
APRIL FOREX III
Posted:
#53
buck, I had my limit pretty low, and it hit last night. I'm still learning that it's gonna take some balls to let some of these trades work out. I went long on EUR/USD this morning after it took that huge drop. I got in, and it kept falling. It took about an hour before it got up to a profit, I bailed, and of course it kept going up.
Posted:
#59
also looking for gbp and eur/usd to come up a bit for a short entry... looking to hold on to this one for a week or two again
eur already down a lot recently so maybe if/when it comes back up 100-200 pips ill get in a short (having trouble breaking through 1.30 right now so could be on its way up if it doenst break through)
gbp im not so sure.. getting mixed signals from my indicators for a proper entry... looking longer term so it might be alright soon...
we got some FOMC news coming out soon which can cause some wild swings in these too!
Posted:
#60
I saw a few, what I am noticing is the breakdown of the CHF across the board.
If you think that the CHF will bounce then almost any pair will bounce too, most are smack on the lows.
I need to see why the CHF is getting smacked, maybe they cut rates? For considering doing this full time I need better reality with news and conditions.
The Euro has been ill for a long long time..I have to understand the underlying WHY more than just technical trading, if I can get the reasons for moves, that would greatly increase my winning percentages and strength of plays..not that I have lost many but it would be a great help.
If you think that the CHF will bounce then almost any pair will bounce too, most are smack on the lows.
I need to see why the CHF is getting smacked, maybe they cut rates? For considering doing this full time I need better reality with news and conditions.
The Euro has been ill for a long long time..I have to understand the underlying WHY more than just technical trading, if I can get the reasons for moves, that would greatly increase my winning percentages and strength of plays..not that I have lost many but it would be a great help.
Posted:
#61
wall i agree... thats why now i am always trying to stay wary of what is going on fundamentally, even though my trades are basically 100% technical...
i read sites like dailyfx.com, fx360.com, fxstreet.com, mataf.net. these sites have a lot of articles on both fundamental and technicals and if you read them enough you can get the general sentiment of the currencies....and youre right eur has been in the dumps for a while and it should continue (fund and tech). i think fundamentally it wants to come down because a lot of trichets comments (such as today when he said that 2009 will be a very very bad year for jobless rate in eur). also the fact that he is delaying the enivitable in quantitative easing and lowering the ECB rate by .25 instead of .5 last month. also the dollar gains strength with global crisis and uncertainty... so when risk appetite goes down the dollar goes up. i think these are a lot of reasons why eur/usd has been down. that along with the technical downtrend
Posted:
#64
I agree with that, if I can figure broken down currencies then like you have been doing, you short on strength/support bounces.
If you look back on some weekly and monthly charts, there are MANY MANY moves which keep going and going and going..find one of those and you can ride it into the ground or through the sky..making THOUSANDS of pips in the process.
A currency like the AUD which rates are holding up, you ride it up on weakness until the environment changes..that would be if ANY strong currency government raises rates..the moment you see rates being raised, you short those flimsy currencies like the AUD who are up just because they have a higher interest rate and it is being used as a counter trade and you go long the currency that raised or another that should..so if the Euro union raised, you might consider the LB or even the USD since they seem to follow each other in financial moves.
If you look back on some weekly and monthly charts, there are MANY MANY moves which keep going and going and going..find one of those and you can ride it into the ground or through the sky..making THOUSANDS of pips in the process.
A currency like the AUD which rates are holding up, you ride it up on weakness until the environment changes..that would be if ANY strong currency government raises rates..the moment you see rates being raised, you short those flimsy currencies like the AUD who are up just because they have a higher interest rate and it is being used as a counter trade and you go long the currency that raised or another that should..so if the Euro union raised, you might consider the LB or even the USD since they seem to follow each other in financial moves.
Posted:
#65
that should be solid rick... the main trend is down so i hate to trade against it but it could/should come up at least 100 pips and then drop right down i think... im gonna wait til it raises up before i short though
right wall... i think for the long term (as in weeks to a month or two) if you combing fundamentals with a bounce off a resistance/support line, you have a pretty solid trade. just have to be able to take the swings cause it can go 200, 300, 400, etc against you but the payout is a thousand+ pips
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