February Forex and beyond

Good trade so far rick..

looks like about 50 pips on that AU long?

Boy, I really love theories!  Thanks a ton for that trade Wall! 

@ 42 pips currently and the charts are still looking good

ADX still very high,

DMI's still looking good, and Macd still good.



going to have to see what the next 4 hr candle brings.

Its just correlative trading and for the last how long it is pretty accurate.

Same theory would suggest selling on a bounce tomorrow..

Got my MacD cross, but Dmi is leveling out, and the ADX is dropping as I am nearing a Fibonacci level .

Dropping down to 1hr charts to plan an exit if one of the next two hours close above the fib level I will switch back to 4hr charts

I dont see much resistance on the hour chart until the failed top at .8965 or so..then .9050

Are you "Fibbing" from .9050 down to .8785?

If so then you are sitting right at a 50% retrace, but not sure a fib move off a 1 hr, 3 day chart means much...

Side note..

Dropped my buy limit down to 144 even versus 1.4420

no I am on 20 day charts.
4hr and 1 hr

The only thing that really changes are the DMI numbers

and the MacD crosses.

and RSI / ADX

Fib lines remain the same

Sold EUR/JPY....looking for 30 pips here

forogt to add 126.27 entry....

What was your entry point Buck?

Ok, looks good.. will jump in

Just got back from a nice dinner with the wife and found 82 pips waiting for me. 

aud/usd for 82 pips. 

I will wait and see if it breaks the 89.15 level.  No point in holding and waiting have a buy programed @ 89.21 ( 23 pip stop/ 40 pip limit) 

seems to be rejecting that level


for the moment anyway.

Some of these charts are in sink or swim area..consolidation after moves up and they are either going to base out and go higher or turn over like a dead fish..

you get a better entry than me ICE?

It broke the trend line on the 4hr to the upside but the 2hr looks good for a dip....

hoping for the dead fish here

im out with 23 pips here ICE...crazy movement after RBA rate talks.........im calling it a night boys

Nice job..

These charts are spikes all over the place..

Still holding out for 144 even myself and the 65 pips...

after i watch it flux between 126.15 and 126 it woulda just hit my limit.... 

Got to get back into my groove here...EUR/USD trade is bugging me and ive been scared last week or so but ill dig my way outta this puppy this week...

GL in the afternoon tomorrow boys

EUR/JPY went from 126.50 to 126 in less than 5 mins

I got in at a higher price Buck... 126.35, set my limit at 30 pips, and hit it.  Thanks man, keep up the good work.

I'm just pissed I missed Rick's trade. He had a whopper there

I wish i had held that AUD/NZD short longer...Matt has his groupies in two trade right now and both are in the positive by over 150 pips