March/April FOREX

I think we need to make note of the currencies which are moving higher and figure out WHY and those which are going lower and figure out why.

Ive found that if you can find a group of pairs that have an anchor currency and trade inside those it can multiply profits IF the anchor currency is just near a top or bottom of its trading range.

Staying away from the crowd pairs has also worked for me, I dont go near the 1-2 pip spread pairs since that is what 90% of people trade, I want no part of that.

I think Ive decided to deposit with FXDD, I considered FXCM but the difference in spread isnt THAT much and Ive seen many complaints about outages and slippage and issues. I think FXDD is a larger and more stable company and platform. I really liked the micro FXCM angle, those spreads are awesome but there is no support for problems outside of email and it is another case of not wanting to go where the crowd is.

I also like the fast bankwire option that FXDD has and with no cost it sealed the deal..now if anyone has a huge reason to consider another firm let me know..I do think that the news feature with FXDD is semi lacking, which I think Forex.com was very good at if I recall from their platform..

And they are off and running.

So far I dont see any explosions or implosions..

pop,

The EU pairs are moving, I am out of my EU.AUD 2 sets at my price point for the 120 pips I wanted..but it is strange, my faux balance is lower than I thought..something isnt right.

Time to stop playing and start going for real dough..

I change my comment..the EU and LB pairs are DOWN today..most are getting near lower RSI levels and are now becoming interesting..but the charts are trending down so it isnt as dramatic and I will be more patient entering a trade even though the RSI is low.

It is tempting to start a position in nearly every single LB pair though..

Id like the LB.Yen down to 137 for an entry..check that chart..last bottom put in more than 100 pips from here, I will keep my eye on it.

pop,

I didnt get that, but I did get LB.USD at 1.4140 last night too.

I only went one lot so I am only up 60 or so now..

Threw a line out on Eu.US at 1.3115

Another note..

If the US.CD hits 1.27 I will open a short position.

Out of Lb.usd at 1.4215 for 75 pips.

Not glamorous but not bad for less than a day.

if it can break the 1.3120 level.... it has tried 3 times already on the hourly charts

I have a long order in on the EU.US at 1.3115

This 4 hr RSI at 26 is enough for me to think it has value to go long.

Its kinda freaky thinking long these charts but when it looks the worst is when they start to reverse them.

Nice job pop..90 pips to start the week is awesome!

I had a line in the water on Eu.AUD at 1.9145 and it hit and dropped more, so i added one at 1.9055.

90 plus 70 from yesterday... my goal right now is to try and average at least 50 pips per day

 

that eur/aud looks like its about to lose steam and seems to me like it should turn up.  rsi and cci show oversold for a while now