February Forex and beyond

Im out of NZD with 36 pips

Good way to start the day buck..

Thx Wall...not a huge trade but ill take it...its just crossing on the 4hr too...

I hope i can get one more in today that would be awesome

Yeah this US market strength has me scratching my head, I expected some retrace yesterday or today..so far no go.

Smells like an average up on this LB trade..no biggie but it has been strong all night and is today.

draw some lines on that GBP/JPY chart maybe a run to 14550s-70s you see that Wall?

 

Pardon the interruption Gentlemen...If possible, could you please tell me how a "pip" relates to Return On Investment?  

a pip is $10 or so in a standard account and $1 in a mini

Are you connecting the TIPS of the candles or the bodies?


Connecting the tips starting at 150 (Jan 14th) and connecting the tips of the highs the trendline is very flattened..

If you draw starting on the 21st and connect the tops of candles then 145.50 or so looks like the next stop.

kinda splitting the wicks...ive seen it done both ways so i took the middle

Thanks Buck!

I have an order to add at 145.35

If this trend reverses it will be a tough trade (like that EU one and the LB one I had months ago)

WOW NZD about to hit 70....guess i got out early..

Busy rest of the week rate decisions tomorrow and NFP Friday...looks like everybody looking for the USD to rally hard on FRIDAY

i shouldve sold EUR/CHF also i saw the cross and just sat here

GBP/JPY needs to close this block down and it should bring a DI cross for you guys...stoch have turned down now around 80..

 

sold USD/SGD at 1.41222

Yeah I need a bit of selling in the later hours, I think it will happen just taking longer than I want.

That is a trade you don't often make there buck! Lol

Yeah i like the chart....wish id bought it yesterday when i pointed out the cross though....

buck,

Found this, thought you might like (if you havent seen already)

link

So the ADX is the EMA of DX, and the DI's are semi inverses of each other.

And the DI's are a summation of 14 periods of highs and lows and the results of such..

Wall

I see the pair crashed for you guys...nice trade fellas...mine didnt...unless you count EUR/USD

Thanks..

I left another 50 on the table, that trade was good for over 100.

Are you averaging in or are you trying to trade out with other positive trades?

Long at 143

Finally the selling which I thought would come did and I left 100 on the table with the short.

Lots of pairs at support on 4hr and daily charts..very interesting.

Nibbled a little at 142.45

Eur/jpy fell off the cliff this morning. 

Wow..

The yen across the board just got hammered.

I wish I had put in an order at 139.50 or so..

Geezus.. we left a SHIT LOAD of pips on the table in EUR/JPY.  All I got was 30 pips.  Could have had 100+!!!!