Posted:
#126
when I am looking at a calandar like this
what is the unit in which they forcast
not too sure how to read this.
I guess it didnt really translate too well, (color coated)
here is the link
Forex Feb II
Posted:
#134
I hate to say a hunch, but it looked like it was moving down, thought I could snatch a quick10 pips
ended up with 16
the gbp/usd had a money little run,
that one had the indicators of the rsi moving up from oversold,
and the + Dmi Breaching the 20
ended up with 52 quick pips
still holding on to some sold usd/jpy that I got stuck with,
Posted:
#135
Nice 52 pips on the LB trade.
I sometimes forget that we can trade quickies on these pair since there is no tax accounting. I am so used to trading stocks based on hassle as well as profit, but even if you report profits from Forex it is just a lump sum, no capital gains seasoning issues.
I sometimes forget that we can trade quickies on these pair since there is no tax accounting. I am so used to trading stocks based on hassle as well as profit, but even if you report profits from Forex it is just a lump sum, no capital gains seasoning issues.
Posted:
#138
That Lb.USD has been range trading today between .427 and .435 or so, good luck with that trade.
I'm going to size up a few pair and see if something looks interesting.
That US.JPY is way overheated..RSI over 70 on the 4 hr chart, ADX near 50!
Like I mentioned last night the pair was too hot to sell though.
I'm going to size up a few pair and see if something looks interesting.
That US.JPY is way overheated..RSI over 70 on the 4 hr chart, ADX near 50!
Like I mentioned last night the pair was too hot to sell though.
Posted:
#145
I look for more meat than you are, maybe I should look for smaller returns but to me if you are scalping like that, the percentage of success better be HIGH because the ROR isnt high making 10-15 pips or less.
Ive found myself sticking to a few pairs and that actually seems to bring me DOWN..missing out on other opportunities. Being comfortable with certain pairs is nice but then we are waiting for them to give an entry point while others are available.
I need to have a separate monitor just showing all the pairs and the technical setup, that would benefit me quite a bit.
Ive found myself sticking to a few pairs and that actually seems to bring me DOWN..missing out on other opportunities. Being comfortable with certain pairs is nice but then we are waiting for them to give an entry point while others are available.
I need to have a separate monitor just showing all the pairs and the technical setup, that would benefit me quite a bit.
Posted:
#149
good stuff guys... busy day at work today so havent been able to check in.
good idea on the resources thread wall, i will add some sites i find usefull when i get the chance
and i know what you mean abot the monitors! i was at the store the other day and they had these huge, basically TV screens, hooked up to some of the computers and i was just thinking to myself how useful they would be for this! if i start to get real good at ths and make good money i will definitely be getting one.
still in my jpy!! 
the level it is at right now is the last barrier i can hold on... i think if it breaks this 94.5 area it will keep going up. lots of resistance from multiple analysis at this level though so should be tough to break through. if it holds it should bounce back down and i can average my position for a good profit. i have noticed though the last three days if fires up for about 100-150 pips just before 11am EST then stablilized, before the next day just before 11am. hope this doesnt continue tomorrow 
the level it is at right now is the last barrier i can hold on... i think if it breaks this 94.5 area it will keep going up. lots of resistance from multiple analysis at this level though so should be tough to break through. if it holds it should bounce back down and i can average my position for a good profit. i have noticed though the last three days if fires up for about 100-150 pips just before 11am EST then stablilized, before the next day just before 11am. hope this doesnt continue tomorrow 
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