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all the little ants are MARCHing....forex

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Prospect
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Posted: #51
Hi Bucknuts

Can you add me as a friend there are a few things I would like to ask you

Thanks

 
Rookie
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Posts: 859
Posted: #52
hey buck do you have the rules you follow for your trades. i read it once on here and cant seem to find it. the dsi lines and charts etc...
. im gonna be joining you fellas forex trading on here soon. also is 3k enough to start a standard account ? or would 3k be better in a mini account. just want to make sure i have enough margin to average if i get into trouble. 
 
Captain
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Posted: #53
i added you guys...3k is enough for a mini not a standard
 
Covers Linesmen
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Posted: #54
Took a position in Eu.Aud at 1.4850


 
Captain
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Posted: #55
Quote Originally Posted by bucknuts:

I see everybody buying GBP/$........i dont see it....looking for it to reach 154 in coming days...

Wall,Rick ,Pop anybody like this trade?

Thats what i get for reading the experts opinions...i shoulda been shrt over 1.51...now 1.48s..............

forex gods

 
Covers Linesmen
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Posted: #56
Took 30 pips on the AU trade and out..dont like that pair at all, spreads are a mile wide.

Short Lb.Yen at 135.75, if the market ever drops, one day maybe this trade can net 50 plus.
 
Covers Linesmen
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Posted: #57
Took 60 on the LB short..covered at 135.15


 
Captain
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Posted: #58
Nice Wall....i tailed Matt on a buy of AUD/NZD from his report yesterday...got a better entry than he did by 40 pips and i getting ready to jump out right now...rate announcement shot this pair back up 70 pips in last 30 mins
 
Covers Linesmen
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Posted: #59
Quote Originally Posted by bucknuts:

Nice Wall....i tailed Matt on a buy of AUD/NZD from his report yesterday...got a better entry than he did by 40 pips and i getting ready to jump out right now...rate announcement shot this pair back up 70 pips in last 30 mins


Nice to see you catch some breaks, I know it has been a tough month or so.

The EU looks totally range bound as does the LB. The AU buy was awesome, it looks like the AU might test the moving average again, but to me all the moving averages and technical indicators are just the tail of the dog relative to what is really driving these..the financial markets and the woes of the EU...
 
Captain
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Posted: #60

Yeah AU and EU got me by the short and curly ones at the moment but i aint going anywhere....AU still has a head and shoulders pattern though the move last few days is now reaching above right shoulder...

Im waiting for 9250 to average,i know its coming....hell i might even wait for it to test 9330s [Jan highs]again....

I been down but im not out and all these little trades are still good $$$ so i cant complain....although id be much better off if i stopped reading other sites as its caused me to be a box here of late

 
Captain
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Posted: #61

https://www.globalfxradio.com/indexmainplayer.html

 

I like this guy...just a daily 10 min market wrap up show

 
Covers Linesmen
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Posted: #62
Ive been tempted to check those other sites but I agree with you that it can cloud the judgment and that is the last thing I need.


 
Captain
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Posted: #63

Listen to Andrews wrapup of daily events i think youll like it Wall,Rick whoever else interested in trading

 
Hall of Fame
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Posted: #64
I'm in a bad spot guys, hope you can help a bit.

I took a SHORT position on EUR/USD back at the beginning of March at 1.3456, expecting the EUR to continue on it's downward spiral with news of Greece... I let it run, I'm now in the hole HUGE.  I need to know, you guys think the EUR will start falling again? Really don't want to exit this trade, if I do, I'm gonna take a big kick in the teeth. 

I didn't set any stops, nor limits for this trade. 


 
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Posted: #65
BTW, I've still got plenty of margin available to ride this out... so I'm willing to do so, but it looks as though I went short at the worst possible time
 
Covers Linesmen
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Posted: #66
Geez..

You sold short on the bottom, that is ROUGH.

What you need is the USM to crack for a few weeks, it has been running what now 17 of 20 days?

If Greece melts or another country throws up the white flag you will be kicking butt on that trade, but for how bad the USM has been you could have been in MUCH worse condition had it not been for the unknown regarding Greece.

It looks like a bottom sort of on a day chart but nothing really convincing..Ive been down much more than 2 cents on a trade and it has come back just fine, I hope you have been lightly averaging up and if you havent I would consider it if you were going to ride it out.

I am torn though because buck is LONG the trade you are short...
 
All-Star
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Posted: #67
I think that greece might be the tip of the iceberg,

there is still the matter of Ireland, Span and Portugal.




 
Captain
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Posted: #68

Ice ur in good shape im long so this puppy is gonna drop like a rock

Really though if you read around theres a mixed bag of views on this pair...i think it drops more to be honest...

You can just let the trade sit there and keep making other trades or average your way up....

 

 
Covers Linesmen
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Posted: #69
short LB.Yen at 136.15

I think the USM dips back down again, looking for 50 pips.


 
Captain
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Posted: #70

Ice i took a look at the chart and it looks as though youve went down 300 pips twice and the came all the way back to being 100 pips or less down...my question is why have you not tried moving your average b4 now or setting a stop after it moved back towards you...i know if i get down 100 or so ill average and if it keeps going against me i look for the next level in the charts...Eur sank on me but i was waiting for 133 cause looking at a chart thats what i thought the next target was...

We got news in 30 mins anybody gonna be tradn?

 
Covers Linesmen
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Posted: #71
Averaged up to about 137.08 on the LB short..

Any USM weakness and this puppy will pay me large.

I keep saying that, USM weakness..maybe next year the market will drop more than 5 pts.


 
Captain
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Posted: #72
I dont think we'll see USM go down ever again
 
Captain
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Posted: #73
 
Covers Linesmen
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Posted: #74
Yeah they rescued the USM late again..happens every single day, they buy futures and push it up.

Another day another move higher, based on what?


 
 
Covers Linesmen
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Posted: #75
buck,

What are your plans when/if this new margin rule comes down, the 10 to 1 margin rule?

Supposedly it applies to all US citizens and I think it would pull a ton of liquidity out of the market.

10k at 10 to 1 margin would allow you ONE lot on most currency pairs.


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