Long December.....FOREX

Touching that moving average..

I would still love to see an indicator that gives a momentum off a moving average, so given say the 50 day or 100 day moving average how extremely overbought or sold a pair would be relative to the moving average.

sent ya a friends request... im quite interested

I dont see anything worth jumping in right now...JPY was good for a few times more than what we went for...but like i always say... im not greedy

Buying USD/JPY DMI cross.............8860 entry

I'm extremely interested in learning about this and started reading through the practice tutorials.  

That is very interesting..

On a 4 hr chart I have the following-

ADX 28.36
-DI 19.65
+DI 16.45

RSI floating at 45 or so and it is way under the dropped moving average

Chart setting up on the last 4 bars, that helps.

Yeah it looks as though its crossing right now....we'll see i guess

 

JW1 i dont why it wont download what site are you trying to get it from?

Well its about time i had a trade go against me....waiting to see if it hits the lows again b4 i dip in again....i just got in so im gonna eat and stuff ill update when i average

Its coming back for you slowly..

Have you gone back and analyzed your exits and if you are maximizing these exits?

I have to think the risk/reward is low at 20 or 25 pips, on a 4 hr chart shouldnt a DMI/ADX cross mean more than a measly 20 pips?

risk/reward is low...i think the DMI crosses are the $$$ makers....i could go for more but 20-30 pips is a good goal i think...ive scaled back some going for 20 but its worked out fine up to this point....and i dont set stops so....where does that leave me?

I was hoping it would spike down again an give me a sot to average lower but no such luck[i was gone when it hit the 60s just b4 10am] i got it down to 8824 limit now at 8836....im going to hit the hay ill check it when i wake up

Been a while since I traded... been having a shitty time with my bets...

Anyways, went on and just bought USD/CAD.  See what happens..

I want to sell NZD/USD......any thoughts on the chart Wall?

Im in 7314....going for 20.....ill check it when i wake up

Severely overbought, I noticed that last night too..huge spike for this boring pair no doubt.

You got your 20 already, nice trade!

I shorted nzd/usd  earlier , and almost hit my limit before I got home.  Im wating to see if it blasts through this .7276 Fib retracement before I sell.  iF it breaks that level I will keep til at least .725 

Also short Eur/usd (think we will see new lows with this)

I like USD/JPY here looks like its about to cross on the 2@4hr charts....buy 88374......limit at 20

Good luck with your trades Rick....if i had a lean for EUR/USD it would be higher??See you guys in the morning

Just went long on USD/JPY here at 8873 here... see what happens.

CAD/USD has been steady as a rock... nothing going on there, no loss, no gain.. I'm still in it..

I'm going in for days now instead of hours... see what I can get... I do like the USD/JPY to climb though

You setting limits or stops Ice?

Just a 50 pip stop loss.. no limit...

Anyways, I'm up on this sucker!  After an ATROCIOUS and I mean ATRIOCIOUS week of wagering, it was nice to make some money here... Going to keep an eye on this today.. see how much more I can squeeze on this... up close to $400 on this pair as I type... USD/CAD doing absolutely nada... it's just FLAT... hmm,, not sure if I should just dump that pair

By MY estimation (and that's probably something not worth a grain of salt  as I'm still learning this stuff)  This pair SHOULD break through the 9000 barrier... anyways, one thing I have changed... I'm no longer scalping by just going in for a few hours, I'm going longer term.  So I'm going to go for that goal here... 9000 is doable, looking at the charts.

I don't know what I'm gonna do with USD/CAD here... I'm looking at the chart... I thought I could get this sucker up to 1070 at least... not moving at all... I got in at 1055.. this may be a long term hold for me (maybe a week or two)  I have two currencies on the go, it's easier for me to track only a couple... may ditch this one. 

Yeah i need to be home more....ive had 3 trades for 20 pips that were worth over 100 pips but i just set my limits so low

Got JPY at 8837 and it now 8960

USD/CAD finally moving in my favor now... let's see if we can get a jump start here.. being Friday, I would expect some solid movement on this.

Stick with USD/JPY... aim for 9000, that's what I'm doing... I've made a shitload on that pair now... but I think it can go higher.. I'm just looking at the charts, and feel this can hit the 9000 barrier..

USD/CAD Spiked big time... big pip gain right now

In the past, I would have ditched USD/CAD by now, and I wouldn't have realized that gain..

Cool heads, no panic wins out here..  keeping emotions in check is absolutely critical