Raining pips April edition

well not too scary its only 20 pip higher @ 10656

well that gap isnt too scary its 20 pips higher 10657 

Yeah im not likng this trade but no reason to bail or anything...i thought when it was in the 20s today it was going for the gap but it stalled...even if this pushes hard next week i think we would see a correction around 108...but like Wall said this will prob just be a blip and we resume this trend for now...

Did you guys listen to Andrews show?He got an 8 bagger off GS

Guys i think its time to back up the truck for $/JPY longs...i see a low of 9138 if it didnt put in a bottom today...set target for 9478 for half just to lock in profit then put a stop on the remaining lots at +30 or something and let it ride

buck,

I listened to that interview last night, it was really a gold infomercial..it talked about how gold could go to this price if this and that and the other happens.

It is obvious that author is a gold bug, not sure I agree with his analysis or assumptions.

He is long gold for sure i think thatsit would be wise to buy gold and or silver though..i cant see how the demand for gold doesnt go up in the future and if theres really less of it out there compared to what has been sold some est more than 100:1 paper gold vs physical,we could see 2000 per oz price easy..

 

Its easy to find a video to support either side heres one and its got Marc Faber talking as well..this is only part 1 of the video the rest can be found on the net

 

https://www.youtube.com/watch?v=m5X5ZTJ0UZQ&feature=player_embedded#!

Hey Wall have you added any indicators to your platform?If so which ones?

I found a page with close to 1000 indicators...i plan on adding an ATR indie ADX cross indie Bulls and Bears indie and the auto pivots...so many to choose from..

heres that link

 

https://www.forexmt4.com/_MT4_Indicators/

There are so many you are right, I havent done enough DD to find one that I think performs a function that I havent found otherwise.

It seems that most indicators are a function of previous trading, relative performance versus moving averages etc etc..we probably should try to find a few which might be lesser used but could give us an edge.

On that site that you had a link on for the moving averages, I trolled around and found a few indicators that I REALLY liked, but then I couldnt find them on my MT4 platform-

link

If you just do a search for MT4 indicators you might be able to fund them...i found several lists but the one i posted had the most..

Closed the short on the LB.Yen..

Made a few pips, loved that gap down.

Wow 130 pip gap...NICE...what did you make off that...pip wise i mean?Holy smokes Wall

Well I made in the ballpark of 1k pips..slightly more.



I had 7 lots at 142.07 average.

buck u still in usd/chf ? Im thinking of averaging right now 106.56 is the gap fill from last week and 106.64 is the 40 day on the daily charts.  think i should wait ?

Newbie here.

On the 4 hr, buying opp on EUR/JPY trying to buy as it comes to me @ 123.54, hoping to exit in the 127 range.

What is the best way to place my order, protect it, and insure i sell at or near target?

Sorry fellas i was out just got home...

Pap im still and im not touching it until im down 100 pips or i see some kinda give on the charts...she moved above all MAs on the 4hr so i think we should wait for it to at least come down and try to break down through...100@200 are in the 10620s

 

CDK you can put a limit on your order that will cash you out at a given profit...and you can set a stop to ensure you dont lose more then youd like

Wall i found a sweet indie...gives pivots and S/R lines

forexsignalszulutrade.ex4 (8.7 KB, 22 views

forexsignalszulutrade.ex4 (8.7 KB, 22 views

Attached Files

forexsignalszulutrade.ex4 (8.7 KB, 22 views)

Sorry for the triple there it wasnt showing up...i like this indie though

hey guys i set a chart up with some indicators..the red dot on top of candles are sells green on bottom are buys this is from the ADX cross indicator

 

https://yfrog.com/bamypicvg

Thanks for those links, will check them out today for sure.

So much for risk off, that lasted all of one USM session.

Citi has trading revenue earnings and off they run. Of course they are going to have great trading earnings since they were able to borrow money for free and purchase higher yielding bonds, netting a huge gain with the leverage they use.

ssssssssshhhhhhhh youll derail this recovery...

Pap did you average at 100 down?chart looks great we close under this MA on the hr here and 10623 should come quick

 

https://yfrog.com/cachfg

 

The tough thing with indicators is they can be wrong easily..like how we connected the lows on the AU.US and it initially bounced off the line, well it smashed through the line when the market overrode the technicals.

So in a trendless market using support and resistance in the short term indicators is ok, but I think we have to follow trend more than anything else...risk on, risk off..that is how we make money.

Thanks for info Buck. Made 65.9 pips going long EUR/JPY in practice account.

Volatility seems limited in many charts. Does it seem that way to you?

CDK it has been slow but theres been good trades out there today...id rather see good tech trades working out than have volatile movement...

Wall setting up a chart the way i did in those two links id trade closes above/below MAs and same with the fibs...i averaged in CHF right off that 23.6% fib line at 10683...i watched it test the line several times...the chart i posted is an hr chart and you can see it tried to break through with 5 different candles but failed and finally got sent back towards support

i wish i had averaged on that usd/chf trade. it's still not far from my entry tho so once it breaks it will be $$$