Posted:
#1
a new month boys... lets make some pips
March Forex
Posted:
#7
CHF trade was good for $700....pissed at myself for not making the trade in EUR/USD had a perfect down cross of +DMI and ADX as it tested the lows from Friday and was good for 50+ i stayed away though as the +DMI was at 12
Not sure what i want to do here....looks as though the cross is being rejected but its not yet confirmed the lines are running along side each other the the RSI down at 44.....
Looking for this pair to give me some sort of a sign here b4 bed.....
Posted:
#10
hey buck, im checking some four hour charts with the method you described last week.
looking @ usd/cad and the + dmi is moving down almost intersecting the adx. the -dmi is pretty low near 9 and the rsi is firmly overbought near 86.
is this the type of situation you are looking for with your indicators, or do you generally wait for the rsi to drop a bit first (as it is still showing a postive trend?)
Posted:
#11
can't view the charts right now, but by your desription, sounds like a good setup for bucks system. typically you would want the rsi to be going in the direction of your trade, but doesn't always have to be. also helps if the dmi+ is at a higher level so it has room to move down (for a sell)
Posted:
#12
rick,
From my charts I dont see what you are.
I see the ADX at 59 and the +DMI at 28 on a 4 hr chart. The -DMI is at 3 and I think it has a great shot at a retrace..even though it doesnt fit the description.
The only problem is it hasnt broken down yet so you would want to be nimble on the trade.
Another example is the US.Yen chart, its been overbought for a week, Ive noticed this ADX can be a crazy wild indicator, on the CDN chart it JUMPED today and if you were watching it when it was at 35 it looked like it was a sell setup, then the sucker flys higher and the so-called entry would be a monster failure by 300 pips.
From my charts I dont see what you are.
I see the ADX at 59 and the +DMI at 28 on a 4 hr chart. The -DMI is at 3 and I think it has a great shot at a retrace..even though it doesnt fit the description.
The only problem is it hasnt broken down yet so you would want to be nimble on the trade.
Another example is the US.Yen chart, its been overbought for a week, Ive noticed this ADX can be a crazy wild indicator, on the CDN chart it JUMPED today and if you were watching it when it was at 35 it looked like it was a sell setup, then the sucker flys higher and the so-called entry would be a monster failure by 300 pips.
Posted:
#20
Whats up guys....Rick i dont get a chance to check out anything until i get home unless somebody brings a laptop,but we have such a dirty job nobody likes to bring them to work
Im looking at the charts now and i see JPY came down to about 97 flat was in on the sell in the 50s shoulda kept it open but thats ok....
Im not seeing a sell sign in CAD i will usually wait until its almost touching b4 i jump....at 11am it was still a bit away....but if those lines were touching thats just what im looking for.....looking at the daily though you might want to wait for 1.30 as its topped out at this level several times since November....1.3017 being the high on 10/28....and its tried 3 other times at this level and failed.....
Im not seeing much on the 4hrs...i see i missed a good buy on EUR/GBP lastnight at 11pm....DMI cross with the RSI at 32.....i just didnt check any prs not USD....but i was in a trade anyhow but still that was a good sign there.......
Hey Wall are the other sites letting people trade gold/USD???
There was a sell sign in this pair around 11pm also....
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