Posted:
#26
what kinda chart 2hr 4hr?
FOREX
Posted:
#30
On a 4hr im showing a 52.5606 on the RSI...
+DMI 20.7752
-DMI 19.9292
Also showing these two may cross...with the + DMI heading down...so i would sell this pair...
I had a buy this morning and got out for $550...i trade off these crosses and usually go for 20-30 pips...
You should be able to find what is considered overbought/sold...most of the time by looking at a chart you can see where each pair starts to reach a level it doesnt spend much time in...
Posted:
#33
Buy signals are typically taken when the indicator increases from below 30 (below 30 is considered oversold) and sell signals when the indicator decreases from above 70 (over 70 is considered overbought). Additionally, some use the midpoint of 50 in order to determine their bias. A reading above 50 indicates a bullish bias and below 50 a bearish one.
Thats from fxwords.com....theres a link in the resources thread....
Posted:
#36
Quote Originally Posted by bucknuts:
Buy signals are typically taken when the indicator increases from below 30 (below 30 is considered oversold) and sell signals when the indicator decreases from above 70 (over 70 is considered overbought). Additionally, some use the midpoint of 50 in order to determine their bias. A reading above 50 indicates a bullish bias and below 50 a bearish one.
Thats from fxwords.com....theres a link in the resources thread....
We're on the same page!
Posted:
#42
No i dont have any kind of IM....im also getting ready to leave for work
Ive got to be there at 9pm should be home around 4-5am...
Use the mouse to see high/lows for the pairs or you can use the current rates box to see where the pairs were start of new trading day...daily tech analysis tab will show pivot points for most major pairs...
Post any questions you have ill try to get back to you when i get home....Wall/Pop/Rick will help also if they are around
Posted:
#46
I dont really use fibs...just the crosses...and some other patterns i look for on the charts..the other guys are more technical traders..theres a million different ways to trade this market
I coulda been out of JPY already called it out for a sell around 94.43...low on the buy was at 94.15....coulda had $500 in 30 mins
I gotta go running late already....post anything you wanna know ill try to help
Posted:
#48
hey boys,
I hopped into gbp/ jpy before i left work,
looking at about 40 pips,
not too shabby.
good convo man!!!!
wildcard, you seem to be picking this stuff up well.
Took me quite a while.
have you checked out babypips.com
that was my favorite one, it was so simple and it taught everything from scratch.
I hopped into gbp/ jpy before i left work,
looking at about 40 pips,
not too shabby.
good convo man!!!!
wildcard, you seem to be picking this stuff up well.
Took me quite a while.
have you checked out babypips.com
that was my favorite one, it was so simple and it taught everything from scratch.
Posted:
#49
rick,
Where are you long from?
She is looking scary to be honest..I could see 153.5 test tonite, which was about where they turned it on the 21st. If that fails (triple bottom technically) then 152 and then 148-ish.
It all depends where we think the US markets are going. If the US markets go down so will the Lb.Yen..Yen being a low risk/safety currency, as is the USD.
Where are you long from?
She is looking scary to be honest..I could see 153.5 test tonite, which was about where they turned it on the 21st. If that fails (triple bottom technically) then 152 and then 148-ish.
It all depends where we think the US markets are going. If the US markets go down so will the Lb.Yen..Yen being a low risk/safety currency, as is the USD.
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