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    All Forums | Investments

    APRIL FOREX III

    «First Previous 123456
    popinjay
    wallstreetcappers
    rick3117
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    «First Previous 123456
     
    popinjay
    popinjay
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    Posted: May. 2, 2009 - 2:48 PM ET #126

    i don't see a problem either... i think that rule is bullshit
     
    they can determine you are holding short and long on different brokers?  cause thats the only way i know how to hedge.  and if you are, they will close your position on both? 
    Reply
    i don't see a problem either... i think that rule is bullshit
     
    they can determine you are holding short and long on different brokers?  cause thats the only way i know how to hedge.  and if you are, they will close your position on both? 
     
    wallstreetcappers
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    Posted: May. 2, 2009 - 3:46 PM ET #127

    They are saying at one firm..

    Someone long cannot go short while long and vice versa..thats how I read it.
    Reply
    They are saying at one firm..

    Someone long cannot go short while long and vice versa..thats how I read it.
     
    popinjay
    popinjay
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    Posted: May. 2, 2009 - 3:50 PM ET #128

    i didnt knwo you could do that at the same firm/broker.  whenever im long then a short position is basically a stop loss or a limit order and puts you flat. you could do it at different accounts at different firms, go long one and short on the other... i guess there are places that allow short and long position on the same pair at the same time??
    Reply
    i didnt knwo you could do that at the same firm/broker.  whenever im long then a short position is basically a stop loss or a limit order and puts you flat. you could do it at different accounts at different firms, go long one and short on the other... i guess there are places that allow short and long position on the same pair at the same time??
     
    popinjay
    popinjay
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    Posted: May. 2, 2009 - 4:29 PM ET #129

    finally have a bit of time to start watching the steve nison candlestick course!  have you gone through it all rick?  gonna try to get through the first part right now before i leave to watch the pacman/hatton fight
    Reply
    finally have a bit of time to start watching the steve nison candlestick course!  have you gone through it all rick?  gonna try to get through the first part right now before i leave to watch the pacman/hatton fight
     
    rick3117
    rick3117
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    Posted: May. 2, 2009 - 4:57 PM ET #130

    yeah 
    i am most the way through it,
    i downloaded another one too
    ill link it for you 
    its called samurai trading or some such thing

    he is very dry, but he is hands down the premier candlestick guy.

    he tells you like 39 times in his videos

    but i finished reading the book, got through the first 2.5 cds, on the third.

    there are some other good courses if you type forex into mininova
    Reply
    yeah 
    i am most the way through it,
    i downloaded another one too
    ill link it for you 
    its called samurai trading or some such thing

    he is very dry, but he is hands down the premier candlestick guy.

    he tells you like 39 times in his videos

    but i finished reading the book, got through the first 2.5 cds, on the third.

    there are some other good courses if you type forex into mininova
     
    wallstreetcappers
    wallstreetcappers
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    Posted: May. 2, 2009 - 5:08 PM ET #131

    I am signing up for a RT acct with FXDD this weekend, and I think I am going to fund with this bps firm, looks legit and is an EFT setup.


    Reply
    I am signing up for a RT acct with FXDD this weekend, and I think I am going to fund with this bps firm, looks legit and is an EFT setup.


     
    popinjay
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    Posted: May. 2, 2009 - 6:17 PM ET #132

    just finished part 1... you're right very dry and pretty corny too with his jokes and all.  pretty useful though, i learned a lot just about doji's on that part
    Reply
    just finished part 1... you're right very dry and pretty corny too with his jokes and all.  pretty useful though, i learned a lot just about doji's on that part
     
    rick3117
    rick3117
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    Posted: May. 2, 2009 - 7:30 PM ET #133

    ill see if i can find the link

    there is a cheat sheet going around with the bullish and bearish patterns and reversals that nison goes by

    pretty useful to have by your comp. 
    Reply
    ill see if i can find the link

    there is a cheat sheet going around with the bullish and bearish patterns and reversals that nison goes by

    pretty useful to have by your comp. 
     
    wallstreetcappers
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    Posted: May. 2, 2009 - 7:48 PM ET #134

    You guys will need to tell me if you get into the candlestick trading. All my years trading stocks and now this, I just never found value in it and there is so much lingo and jargon with it, I just never could make it work for me personally.
    Reply
    You guys will need to tell me if you get into the candlestick trading. All my years trading stocks and now this, I just never found value in it and there is so much lingo and jargon with it, I just never could make it work for me personally.
     
    rick3117
    rick3117
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    Posted: May. 2, 2009 - 8:00 PM ET #135

    nison is dry and corny but he makes it pretty straight forward, and now i see patterns and recognize them right away.  practice makes perfect i guess. 

    with forex looking at anything from 15, 30, 60,240  min charts it is hard to get on top of every doji or reversal, but I have made some good trades relying on candles. 


    Reply
    nison is dry and corny but he makes it pretty straight forward, and now i see patterns and recognize them right away.  practice makes perfect i guess. 

    with forex looking at anything from 15, 30, 60,240  min charts it is hard to get on top of every doji or reversal, but I have made some good trades relying on candles. 


     
    rick3117
    rick3117
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    Posted: May. 3, 2009 - 3:40 PM ET #136

    Hey wall,

    do you use the same indictors for stock or etf purchases.

    check out dxo  right now on the daily chart. 




    Reply
    Hey wall,

    do you use the same indictors for stock or etf purchases.

    check out dxo  right now on the daily chart. 




     
     
    wallstreetcappers
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    Posted: May. 3, 2009 - 4:04 PM ET #137

    rick,

    Yeah its a combination of technical indicators a feel for the trade and past experience, good or bad of course.
    Reply
    rick,

    Yeah its a combination of technical indicators a feel for the trade and past experience, good or bad of course.
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