Posted:
#1
I am one of the best forex traders you will ever get a chance to talk to and ask questions. Seasoned traders and newbies welcome.
The BEST forex traders wanted here....
Posted:
#2
I wonder if buck is around, he used to post and was also great at the Forex.
I have a different approach than you I think...I look for moving INTO a position and not a scalp..and I give myself the opportunity to be wrong and not get knocked out of a position in the short term.
It is interesting hearing from a MA guy...it is an area I can focus on for sure and improve on..knowing what MAs matter and can trigger longer term moves.
I do think that there are many MA folks out there, less than technicians but MA isnt an unknown science for sure..
Posted:
#3
I did scale in at one point, and long term trading that is the best way , not many people I know trade that way , reason being they dont have enough knowledge or patience. They just pull the trigger and use huge stops, but they are right enough of the time to make money like that. But when they have a losing trade , they lose huge. They are not scalpers either.
Posted:
#14
Quote Originally Posted by rick3117:
never mind, looks like it rejected it.
in a downtrend, you are just looking for the 8 to cross the 20 and the 50 right?
Is the point of the 20, just for a preliminary indicator?
never mind, looks like it rejected it.
in a downtrend, you are just looking for the 8 to cross the 20 and the 50 right?
Is the point of the 20, just for a preliminary indicator?
no i can care less when they cross . I use crosses at points on the chart for future support or resistance.. DO NOT TRADE ANY CROSS..
GBP/USD is in a steep downtrend and should not be traded at all right now....!!!
you are only looking for a candle that broke thru the 50 ema , a long candle and a retest of that candle on what could be the start of a new uptrend or downtrend. We are looking to see bottoms and tops..Not ema crosses .. that is amature junk..crosses are used for support and resistence only....
Posted:
#15
AUD/USD is better and looks like we might get something , but being its friday and london is closed ... there should be no trades today.
87352 is where I might place an order if it was middle of the week and see if there is a signal.to go long. that area should hold price.. I am really just looking quick have alot going on today.. but fridays I dont get to crazy..
Posted:
#16
look at AUD/USD and draw a straight line from the ema crosses on the 15 min chart at 1/26/14 @ 22:15 time... then look where that downtrend from 1/30/14 @ 19:45 stopped. Right at that area @ 1/31/14 @8:45 this, morning.. almost to the pip. there was a pin bar at 8:45 because there were all the buy orders sitting there that got hit..
Posted:
#19
Fxcm... I know I know the spreads suck ..
If you are a newbie most of this might start to sound like some crazy talk. hang in there , you will never learn chart reading like this again... This is how the big boys play.. hang in there and ask questions .. you will learn more about how not to trade then how to trade..if something is brewing tonight I will come back on here and explain later ,, Market does not wake back up until 7 pm est..I have price alerts set to my phone...be back soon
Posted:
#21
Quote Originally Posted by rvolpe21:
can you post some good trades for tonight or tommorow.
can you post some good trades for tonight or tommorow.
Its hard to get too far ahead.. I scalp the 15 min charts . If I see something starting to take shape, I will get more interested . Right now I have my screens on USD/JPY AUD/USD GBP/USD... I will try to update soon and give interesting levels to look at for .. Nothing yet ..But market is starting to wake up a little...
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