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12/28..Ok Xmas is over lets make some TAX $$$$

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Captain
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Joined: Oct, 2005
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Posted: #1
Well im watching GBP/USD....looking for 1.46 flat for that reverse head and shoulders pattern......
 
I see there are a few new guys coming around ask some questions guys im around
 
Prospect
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Joined: Jan, 2003
Posts: 181
Posted: #2
Thanks, very new to forex still and getting a good feel for the platforms.

I like the platform of FXSOLUTIONS but would like second opinions.  The spreads for U/J and E/U is 3 pips. 

I just signed up for forex.com and had a question regarding the charts.  Is there a way to link the charts to a page so when I click on a quote, the 3 charts would be loaded to that pair.  I follow the 30 min, 4 Hour and Daily so it would be more easy to just have the 3 charts load instead of changing all pairs to the currency I would like to track.  Time is valuable and I would like to flip through charts to see if a setup is good on those. 

Thanks
 
Captain
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Posted: #3
when you have a chart set up [v1.0]if you look on top there are 3 tabs you can set those up for one pair different time frames but you have to change each one they wont all 3 change when you change one chart....
 
Captain
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Posted: #4
im runningh out be back in an hr or so....GBP has went up to1.47 again.....im waiting with an order set for 1.46
 
Banned
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Joined: Nov, 2008
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Posted: #5
good evening Buck ... so let me ask a very dumb question ... do you buy GBP/USD  at 146 flat and just wait for it to go up then sell. . once again i dont know much but i have that practice account  and i dont really like to make something easy into something that is complicated . .  and if you buy it at 146  and it falls after you buy it do you just hold onto it till it goes goes up ..??
 
Captain
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Posted: #6
yeah King..we are waiting on a longer trend to confirm here...it should come down to low 1.46s high 1.45s to finish of a pattern on the daily charts......after touching this area we are looking for a reversal up to 1.55 or maybe more
 
Some guys will set stops and not worry about it and some will buy more if dips or rises against which ever way you are in the pair....i like to average but the chart has to look good as well
 
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Posted: #7
thank you .. i am on cms trading .. its a demo account  ... what do you use ??  forex.com ????
 
Captain
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Posted: #8
yes....i like the charts at forex....i like using the 4hr to locate trades and ill go shorter time frame for an entry
 
Captain
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Posted: #9
 
heres a link to a site that tracks fib levels and all kinds of other trends......found it on another site in a post
 
Captain
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Posted: #10
Hey Pop you got what you wanted outta NZD didnt ya?
 
Or did you bail b4 ?Where you at buddy????
 
Wall how you doing with CHF,whats your average??
 
Covers Linesmen
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Joined: Feb, 2003
Posts: 56849
Posted: #11
buck,

CHF ate up all my first months profits, that pair does nothing but go down down down.

I learned a great lesson on that loss, going forward I am going to use a 20% stop on all trades, one mistake can kill an account.
 
Captain
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Posted: #12
yeah it sucks when you cant let go sometimes........i been burned plenty.....but on the other hand ive made some big trades after averaging.....each one is different still
 
Im looking into using some sort of screening tool....that link is just one of a million of the different sites out there did you use anything like that trading stocks?
 
Captain
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Posted: #13
trying a quick sell of AUD/USD...........   .68823 going for 20 pips
 
Veteran
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Posted: #14
buck i bailed on it... couldn't watch so i set a stop and limit and got stopped out.. oh well
 
what youthink of a usd/jpy sell here?
 
Captain
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Posted: #15
make that .68782 on the sell
 
Captain
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Posted: #16
looks good cross coming on 2hr and 4hr.....but the short term 1min,5min 10 min look like it can come up to .9060s+ or so....but an entry here wouldnt be the worst thing ever
 
Captain
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Posted: #17
taking 12 pips and calling it a night......be back around 4-5 pm.......Euro on the move should push USD/JPY down some more good luck Pop
 
Veteran
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Posted: #18
seeya tomorrow   gonna watch and maybe get in high 50's
 
Banned
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Posts: 152
Posted: #19
its funny i think i have the basics down  ..but as soon as i make a move the pair drops like a ton of bricks .. lol   i must have lost half of the play money already ... how can that be ??? but i want to thank you guys again for the info ..  i will keep in touch ... one question do you guys wait for something to bottom out ?/  and if so then buy and wait for it to go up again ,, and how many pips do you like to get out of each trade ?? thanks
 
Captain
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Posted: #20
each trade is different King....we will trade crosses of DMI lines all sorts of reasons to enter a trade.....look at the cross of the DMIs on USD/JPY at the 15:00 block on the 4hr.....+DMI up through -DMI is a buy and + down through -DMI would be a sell
 
i got home a few hrs ago and there wasnt anything i liked chart wise and there still isnt....i got GBP and im down not as much as i was but still down 60 pips....this will be a long hold here unless we see the lows again.....
 
Veteran
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Posted: #21
made 45pips on the eur/jpy recent cross.  did you not like that one buck?  what do you think?  maybe still good i dunno?
 
Veteran
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Posted: #22
king, there are some good websites like dailyfx.com the msg boards are good there and babypips.com is pretty good the school has a lot of info.  the crosses that buck was talking about we usually go for about 40-50pips movement
 
Captain
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Posted: #23
yeah i saw that one......4hr is so messed up though.......i messing around with FXCM trading signals at the moment.....click the research tab then click trading signals theres info everywhere......
 
 
i bought USD/JPY at .9032...........looking for 30 pips
 
Captain
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Posted: #24
did u shrt JPY yesterday Pop?
 
 
Captain
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Posted: #25
EUR 2008/12/29 21:39 EUR/USD intraday: rebound expected. = = 1.3975
 JPY 2008/12/29 21:43 USD/JPY intraday: the bias remains bullish. = = 90.65
 GBP 2008/12/29 21:41 GBP/USD intraday: rebound expected. = = 1.4518
 CHF 2008/12/29 21:37 USD/CHF intraday: the downside
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