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    All Forums | Investments

    Only 361 shopping days b4 xmas......FOREX

    123 ... 121314 Next Last»
    bucknuts
    LT3976
    rick3117
    Phishalot
    prof8t
    ...
    Participants:
    Search
    Views: 9821
    Posts: 335
    123 ... 121314 Next Last»
     
    bucknuts
    bucknuts
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    Posted: Jan. 3, 2010 - 4:37 PM ET #1

    Lets make it another good year fellas......

    Reply
    To remove first post, remove entire topic.

    Lets make it another good year fellas......

     
    LT3976
    LT3976
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    Posts: 137
    Posted: Jan. 3, 2010 - 4:57 PM ET #2

    here's hoping for a profitable start....anything you're interested in so far for the open?
    Reply
    here's hoping for a profitable start....anything you're interested in so far for the open?
     
    bucknuts
    bucknuts
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    Posted: Jan. 3, 2010 - 5:04 PM ET #3

    I like the daily chart in EUR/CHF its ripe for a buy.....but im gonna wait for something else.....for now

    Reply

    I like the daily chart in EUR/CHF its ripe for a buy.....but im gonna wait for something else.....for now

     
    LT3976
    LT3976
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    Posted: Jan. 3, 2010 - 5:08 PM ET #4

    what do u think about a sell of gbp/usd?? dm+ just crossed adx on the way down, on 4 hour chart.  rsi is a little low though, only at 53 right now.
    Reply
    what do u think about a sell of gbp/usd?? dm+ just crossed adx on the way down, on 4 hour chart.  rsi is a little low though, only at 53 right now.
     
    bucknuts
    bucknuts
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    Posted: Jan. 3, 2010 - 5:18 PM ET #5

    It was a goos sell end of last week...and they moved it down 40-50 pips b4 open...but it does look as though its going to keep melting here to start the week
    Reply
    It was a goos sell end of last week...and they moved it down 40-50 pips b4 open...but it does look as though its going to keep melting here to start the week
     
    bucknuts
    bucknuts
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    Posted: Jan. 3, 2010 - 5:24 PM ET #6

    I do like EUR/GBP on a buy here....about to get an ADX/DMI cross and the daily looks good as well
    Reply
    I do like EUR/GBP on a buy here....about to get an ADX/DMI cross and the daily looks good as well
     
    rick3117
    rick3117
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    Posted: Jan. 3, 2010 - 6:25 PM ET #7

    I have a sell on USD/JPY
    Reply
    I have a sell on USD/JPY
     
    LT3976
    LT3976
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    Posted: Jan. 3, 2010 - 6:33 PM ET #8

    got a sell on gbp/usd at 1.61413, looking for 25 pips
    Reply
    got a sell on gbp/usd at 1.61413, looking for 25 pips
     
    LT3976
    LT3976
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    Posted: Jan. 3, 2010 - 7:21 PM ET #9

    got my 25 pips out the deal

    jumped in on a buy eur/gbp, looking for another 25 pips

    Reply

    got my 25 pips out the deal

    jumped in on a buy eur/gbp, looking for another 25 pips

     
    LT3976
    LT3976
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    Posted: Jan. 3, 2010 - 7:22 PM ET #10

    oh yeah, in on eur/gbp at .8872
    Reply
    oh yeah, in on eur/gbp at .8872
     
    bucknuts
    bucknuts
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    Posted: Jan. 3, 2010 - 7:53 PM ET #11

    good job LT....
    Reply
    good job LT....
     
    Phishalot
    Phishalot
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    Posts: 39
    Posted: Jan. 3, 2010 - 7:59 PM ET #12

    Ding 25 pips USD/CAD
    Reply
    Ding 25 pips USD/CAD
     
    bucknuts
    bucknuts
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    Posted: Jan. 3, 2010 - 10:34 PM ET #13

    If youre in LT id get out while youre up a few pips looks like we might see it dip....

    EUR/CHF is sick on the daily

    Reply

    If youre in LT id get out while youre up a few pips looks like we might see it dip....

    EUR/CHF is sick on the daily

     
    prof8t
    prof8t
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    Posted: Jan. 4, 2010 - 12:04 AM ET #14

    Okay... A little clarification here...

    In the December forum, bucknuts confirmed this information as valid:

    "work off of 4 hr charts, use only rsi and dmi indicators, look for crosses of di+ and di-, if di+ crosses up through di- and rsi is low (around 35) then that is buy signal, if di+ crosses down through di- and rsi is high (around 70) then that is a sell signal"

    So... where does the ADX come into play?

    Reply
    Okay... A little clarification here...

    In the December forum, bucknuts confirmed this information as valid:

    "work off of 4 hr charts, use only rsi and dmi indicators, look for crosses of di+ and di-, if di+ crosses up through di- and rsi is low (around 35) then that is buy signal, if di+ crosses down through di- and rsi is high (around 70) then that is a sell signal"

    So... where does the ADX come into play?

     
    bucknuts
    bucknuts
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    Posted: Jan. 4, 2010 - 12:49 AM ET #15

    ADX only to be used with crosses of the +DI with the RSI going your way
    Reply
    ADX only to be used with crosses of the +DI with the RSI going your way
     
    prof8t
    prof8t
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    Posted: Jan. 4, 2010 - 3:07 AM ET #16

    Quote Originally Posted by bucknuts:

    ADX only to be used with crosses of the +DI with the RSI going your way

    And the RSI is going our way when it is decreasing?  Is that correct?
    Reply
    Quote Originally Posted by bucknuts:

    ADX only to be used with crosses of the +DI with the RSI going your way

    And the RSI is going our way when it is decreasing?  Is that correct?
     
    bucknuts
    bucknuts
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    Posted: Jan. 4, 2010 - 3:36 AM ET #17

    Yeah cause i only trade the down crosses of the ADX@+DI....

    Reply

    Yeah cause i only trade the down crosses of the ADX@+DI....

     
    LT3976
    LT3976
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    Posted: Jan. 4, 2010 - 8:14 AM ET #18

    eur/gbp hit it's target too.  nice 50 pip day yesterday.  will see if there's anything that looks good for today.
    Reply
    eur/gbp hit it's target too.  nice 50 pip day yesterday.  will see if there's anything that looks good for today.
     
    LT3976
    LT3976
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    Posted: Jan. 4, 2010 - 8:22 AM ET #19

    eur/jpy looks like a good sell candidate.  rsi around 66, di+ and adx both at 29, if di+ drops below adx i'm getting in for a sell.

    also keeping an eye on nzd/usd.  rsi around 68.  looks like d+ crossed adx recently on way up. d+ at 33, adx at 31. if d+ crosses back down below adx then i'm in for a sell on that also.

    Reply

    eur/jpy looks like a good sell candidate.  rsi around 66, di+ and adx both at 29, if di+ drops below adx i'm getting in for a sell.

    also keeping an eye on nzd/usd.  rsi around 68.  looks like d+ crossed adx recently on way up. d+ at 33, adx at 31. if d+ crosses back down below adx then i'm in for a sell on that also.

     
    bucknuts
    bucknuts
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    Posted: Jan. 4, 2010 - 8:59 AM ET #20

    Just dont get caught in several at the same time and youll be good...Eur/Gbp was nice and the pip price makes it even better....EUR/CHF went up 60+ from the point i called out yesterday and the daily hasnt even moved yet
    Reply
    Just dont get caught in several at the same time and youll be good...Eur/Gbp was nice and the pip price makes it even better....EUR/CHF went up 60+ from the point i called out yesterday and the daily hasnt even moved yet
     
    LT3976
    LT3976
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    Posted: Jan. 4, 2010 - 10:27 AM ET #21

    yea, i'm just working on one trade at a time til i can build my bankroll up

    got in on a sell of eur/jpy at 133.217, aiming for 25 pips

    Reply

    yea, i'm just working on one trade at a time til i can build my bankroll up

    got in on a sell of eur/jpy at 133.217, aiming for 25 pips

     
    kamphil
    kamphil
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    Posted: Jan. 4, 2010 - 10:34 AM ET #22

    I used to be a commodities pool operator, what is the difference between having a forex account vs. an account at LindWaldock(who I used)?   Are the margins different?   Right now, at brokerage house, margin for 1 euro(fx) contract is $3240 and obviously that would control 125,000 euros   1 pip or 1.4418 to 1.4419 is $12.50   how is it different on the forex?

    btw  this week should be weak for the US $, should see a strong advance in euro for example, but it will be shortlived and I still expect euro to test 1.4000

    bucknuts    thanks for any help

    Reply

    I used to be a commodities pool operator, what is the difference between having a forex account vs. an account at LindWaldock(who I used)?   Are the margins different?   Right now, at brokerage house, margin for 1 euro(fx) contract is $3240 and obviously that would control 125,000 euros   1 pip or 1.4418 to 1.4419 is $12.50   how is it different on the forex?

    btw  this week should be weak for the US $, should see a strong advance in euro for example, but it will be shortlived and I still expect euro to test 1.4000

    bucknuts    thanks for any help

     
    kamphil
    kamphil
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    Posted: Jan. 4, 2010 - 10:41 AM ET #23

    my bad, current margin is 4050, maintenance is 3000    looking at starting with 10,000

    Reply

    my bad, current margin is 4050, maintenance is 3000    looking at starting with 10,000

     
    bucknuts
    bucknuts
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    Posted: Jan. 4, 2010 - 11:30 AM ET #24

    Cotracts are for 100k...and leverage is 100:1
    Reply
    Cotracts are for 100k...and leverage is 100:1
     
     
    LT3976
    LT3976
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    Posts: 137
    Posted: Jan. 4, 2010 - 2:06 PM ET #25

    eur/jpy has gone against me so far, went as far as 40 pips to the negative, now sitting about 25 pips from where i opened my position.  should've looked closer for a better entry point. 

    nzd/usd still looking like it may come into play later today.  di+ at 38, adx at 34, rsi at 76.  i'm waiting to see how that's gonna play out.  hopefully ill get to close my eur/jpy position in the black and jump in on nzd/usd right after.

    Reply

    eur/jpy has gone against me so far, went as far as 40 pips to the negative, now sitting about 25 pips from where i opened my position.  should've looked closer for a better entry point. 

    nzd/usd still looking like it may come into play later today.  di+ at 38, adx at 34, rsi at 76.  i'm waiting to see how that's gonna play out.  hopefully ill get to close my eur/jpy position in the black and jump in on nzd/usd right after.

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