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

Be careful ICE i know you use stops but i hate to put something out there and see somebody lose cash because of me...i would think the pair has to run into resistance b4 it drops...no clear signals on any of the charts...daily looking like a buy with the ADX/DMI cross coming...weekly cross that i talked about in my last post...RSI just hitting 70 on 4hr and daily charts...

There is an ADX/DMI cross forming on the 4hr for this block but with the longer charts showing opposite direction im on the fence as far as direction goes...i think it pulls back some but i dont know if i feel strongly enough to put $$$$ on it....

 

ice,

The USM= US Stock Markets..

GBP hit 1.6437 for a high and was down as low as 1.6338........at least what i thought i saw was right

you know what they say think long....

support now at 1.6280s if it hits down there maybe look to go long for 50 pips or so...im going to set an IF THEN order...not letting this chance pass me by like yesterday...not worried about support not holding ill average if need be...cant make money just watching hoping to be right

Interesting article I posted in the main Investments forum, about how new regulations are going to limit leverage in the forex market , 

10:1 max leverage coming? 

 Thats unreal...if it comes ill be moving my account...and if they put more restrictions on where i can trade ill be moving...WTF

We're getting closer to that buy point buck

Yeah i thought for sure it would hit ealry today....its getting a DI cross right now on the 4hr

EUR/USD is going to be a buy here soon...its getting close to a bottom bottom...

Ya know Ice i think we should sell GBP here....the 2@4hr are crossing support is only 30 pips away but next support is close to 100 pips....

OK boys im gonna tail Mr Russell on a trade here he just put up his video blog for today...he likes a short of GBP/CHF im in at 1.6926

He also likes a buy of EUR/CHF here in the 1.4740....ive been waiting for this one to rally for 2 weeks...been in and out several times all with profit not much but 30 or more pips a few times..

 

heres Matts chart for GBP/CHF...

https://74.217.53.20/gif/GAND_JSMPProd.gif

 

 

My text box didnt show up on the chart 

 

A sell of GBP now worth over 30 pips as its down to 1.6280s

Well certainly not the way Matt drew it up...in fact he got stopped out yet i made this trade work and pay off very well..sad thing is its now below my entry so i cheated myself out of more profit but no big deal

Now im going to jump in EUR/USD here....according to what ive read on a few sites most are looking for this pair to come down to 1.39s...we are at 1.4050 now so if it drops another 100 pips ill average..4hr is a bottom bottom..entry 1.40534...thats a BUY

 

this was at 1.6320s

Yeah, good call, I ended up grabbing a few pips on this one.  Made up for the crappy GBP/CHF trade for Mr. Russell, maybe I did it wrong or something cuz I watched his blog video, lost a few pips on that.  But the GBP short more than made up for it.  Thanks!

So did anyone go long when the USM started to slide?

The AU/LB/EU all took a massive dump when the USM started to drop..

Just think if the USM actually starts to consolidate..the LB could be in the low 1.50s or high 1.40s, the AU could be in the low .80 area, the EU could be in the low 1.30s or even 1.20s

Holly crapballs!!!!!

I have made a week's profit on usd/jpy this morning in 1.5 hrs.

I hopped back into a short of GBP/USD here at 1.6208

looking for 50 pips

You did it right Ice its the stops that killed his trade...i averaged in and was out b4 i woke up....my EUR trade was good for 2x what i got but ill take it...wish i was here to watch today i woulda cleaned up with those two trades..

I think EUR pushes higher still b4 the week is over but the stronger trend is still down in this pair...for now

 

USD index just over 78 here if it breaks through we could see a nice rally here and all kinds of good shorts in forex...but its getting a cross of the +DI and the ADX to the downside and its Friday so i have mixed feelings on entering any trades i wont be around anyway but be cautious fellas

Ice i see you jumped in a short and it went against ya...hope you left yourself some room on your stop cause what you saw in the charts came true in the middle of the night i see its was as low as the 1.6130s...good call buddy

I would be careful going long today on the USD.

The USM really smells like it wants to reverse....

Yes, i did.. I got my 50 pips that I was aiming for.  All is good. 

Shows what I know..

Market keeps falling..getting in technical sell area here too if they closer her on some lows.