Long December.....FOREX

Why the 4 hour chart and not any of the others?

Yes ive had EUR/JPY for a few days now....some pairs will gain/lose pips because of rollover but it varies....but ill hold them for as long as i takes me to get paid.....

I dont like to sell out of trades for a loss....most people may not agree with this but ive made it work time and time again

Are you using the stop loss feature? How much is lost by holding through 5pm?

4hr just better to see longer times easier to define the trend.....moves in the pairs can be extreme...lots of pips quickly just better to get the broader look to find trades you can look at shorter charts to find a better entry

I dont sell out of trades for a loss unless the charts turns on me and it looks like there is no hope...

U can look at rollover rates...click on reports....then click rollover history anoter page pops up then click on reports on that page...bottom option is current rates

Is RSI 1 the blue one?if so its that one....select RSI[sma]in the tech studies box....set the vales to 14,0,0....i went over this on page 6 with another poster if you want to look back if that helps...

1hr and 2hr charts cross too much and the crosses often fail....thats why i like the longer charts..

Im always around and there are a few other guys here willing to help

Do the practice account rest to 0 everyday?

The 175 is now in your account and can be traded....if you have $$$ sitting in the REALIZED P/L it gets added to account balance at 5pm...

Can you tell by whats in your account or no...make sure you add or subtract any $$$ from any open trade to find correct balance

Yes there it is. Thanks

On the GBP/USD there was a cross earlier today. I place a buy order. But the DI- was going up through DI+.

Did I make a mistake?

Yes the +Di went down through the -Di.....thats a sell sign

If the + line is heading to the downside its a sell...if the + line is heading up its a buy

If you look at the 4hr chart the DIs crossed first around 7am crosses of the DIs are usually bigger moves than crosses of the ADX and +DI....but then the +DI crossed the ADX around 12pm and pushed it even lower...