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1/26........Forex anybody

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Captain
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Posted: #51
Thats why i like dailfx they put fib levels on the trade of the week and all that.....
 
check out marketinout.com its a screener but you can look at the fib levels on almost all pairs for free
 
All-Star
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Posted: #52
Pop
buck
 
 
 
 
 
Captain
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Posted: #53
Rick
 
id love to have alittle group of guys here trading daily i was here everyday for awhile and had some regulars but the pack thinned real quick and it left me Wall @Pop....then just me and Pop as Wall was stuck in a trade there for awhile...Ive have had some family stuff here right after the holidays and my wife is having some health issues but i usually pop in here at least once a day and if theres peeps trading i try to comment..and if you have any questions ill try to help
 
ill be around today most of the day and ill be looking through the charts...AUD may be good for a sell here soon will have to wait and see the close of this block but if it closes the way i want we'll have a +DMI cross with the ADX with the RSI at about 70.....just like we had in GBP
 
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Posted: #54
Yeah, IM in,  IM giving it at least another 2 more months before I deposit real money, but it would be nice to have some regs.
 
I work most of the day but I always pop into covers periodically during the day 10-1000 times
(between tasks)
 
 
 
 
Captain
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Posted: #55
Wall you see my question up there..thx in advance
 
Captain
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Posted: #56
Im going to try and do this for a living here in two months or so and ill be around here in the mornings/afternoon then....would love to have some company..
 
Hey Rick did you sign up for the free mini account at fxcm?You get $25 and you starting trading mini lots at .10 per pip
 
Covers Linesmen
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Posted: #57
Yeah..

Sorry about the time lag, not around as much as usual today.

You can invest via an ETF or via futures contracts. It would probably be easier to invest via an ETF since you have to open a futures account to do the other choice

USO tracks it pretty good, DXO is more leveraged and is lower priced.

I would probably go with USO, but that high on the DXO versus the USO makes it interesting with the extra leverage.
 
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Posted: #58
[Quote: Originally Posted by bucknuts]
Looking at GBP you now have the +DMI line crossing down through the ADX with the RSI at 81.7 .......just sold at 1.43457 put a limit on this trade of 30 for $600[2lots]
 
I love trading in the afternoon

[/Quotebucknuts, I really hope I'm not being a pain in the ass to everybody on this thread, but I'm trying to figure out "crosses". I have the chart up here, and I see where the DMI line is coming down through the ADX line at about 9:30, but I guess I don't know what I'm looking for. It goes up and down through that line many times. It can't be a good time to buy or sell every time, can it?

 

 

 
Captain
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Posted: #59
no its not good every time.....but when the RSI is over bought/sold good enough ill trade it.......and i dont go for as much on an ADX cross as i do a +DMI @ -DMI cross....
 
Ill go for at least 30 and if the chart is really good and you can watch it you might get 100+
 
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Posted: #60
yikes should have gotten out before FOMC rate decision...trading during news events sucks...EUR spiked way down because of it...still holding on, gonna see what happens, hopefully it will come back up and resume normally after this spike.  not gonna average either, still not enough bankroll after my horrible trade couple weeks ago!
 
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Posted: #61
Good lesson today about tracking the news.
 
 
FOMC
Do you guys use a calandar to look at important dates?
I found this one
 
 
 
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Posted: #62
very true.. i usually try to stay out when news is coming but i didn't bother today  oh well, still in and hopefully it'll come back, might be holding for a while.  maybe a good time to buy right now, but im not getting anymore than 1 lot for a little while.
 
 
 
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Posted: #63
Leaving work for the day, im going to check out those sites and Ill talk to you guys tomorrow
 
have a goodone
 
Captain
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Posted: #64
cross was good in AUD and GBP...i know BH was looking for 1.44 but you cant deny the cross with godd RSI
 
Only got 30 outta AUD but that makes for an awesome day
 
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Posted: #65
just checkin in fellas... still riding out this EUR trade so not gonna get into anything else right now.  hopefully it'll turn up soon.. will maybe hold for a longterm trade, ill see how it plays out by tomorrow
 
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Posted: #66
nice day buck
 
yeah he was looking for 1.44... should get there, he warned about volatility and that it could come back down to below 1.4070 before it does.  longer term projections for EUR is 1.4, with stop loss below 1.3
 
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Posted: #67
im out for tonight fellas... seeya tomorrow
 
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Posted: #68
Jobless claims come out in a half hour,
 
how would you capitalize, it is going to be bad news, we all know that
 
so would you go long eur/usd
 
or short usd/jpy
 
 
 
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Posted: #69

Got in on Eur, Looks like it was the right move, 

jpy only down 5 or 6 pips while the eur has flown 48 pips

Got in @ 1.3113 

getting out regardless in about 10

 
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Posted: #70

out @ 1.3169

 

= 56 pips 

 
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Posted: #71
Wow, just dropped off 35 pips
 
Think i will buy again sub 1.329
 
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Posted: #72
In again @ 1.3118
 
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Posted: #73
Well,  this is awful
 
 
 
Captain
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Posted: #74
Rick you had a sell cross come in the 7am block on EUR......i wouldnt have sold though cause the RSI was at 29..hope you got out b4 too much damage was done
 
 
Dont forget to go to CNBC and signup for the free $25 account with fxcm
 
 
Captain
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Posted: #75
was eating and missed the cross on JPY 2hr chart..weak RSI though so i may have watched anyways but it was good............dont see much on the 4hr anybody here today????????
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