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all the little ants are MARCHing....forex

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Captain
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Posted: #126

Any of the platforms are good to use...open a practice account on a few different sites and see what charting package you like..

I like the strategy though and focusing on one pair is a good idea...GL bro hope this turns out to be something that makes you some extra $$$$$$$

 
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Posted: #127
I agree with what buck said..

Out of SS for a 55 pip gain (covered at 135.70)

Again flat on my positions..
 
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Posted: #128
WOOHOO!!! My EUR/USD short has FINALLY shown profit since I entered this trade way back on March 2nd!  Feels good!  It broke the resistance, so I feel confident this will keep sailing downwards over the next little while.

Bring on the GRAVY!
 
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Posted: #129
Quote Originally Posted by bucknuts:

So you never sold more to raise ur price?



No, because I was worried that if I did that and it turned against me I'd be really up shit creek without a paddle.  My strategy is one lot at a time, until I really get the hang of this.  The last few weeks have been an experience, becuase I figured I'd either make money or bust out, and I have well enough margin in my acct that it would have taken a huge bump up in the EUR to bust me out... so I stuck with it, and made it a long term thing, instead of just a short term a day or two investment.  I waited it out and it's paying off.  Just hope this keeps falling now, so I can get a nice chunk of pips out of this.
 
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Posted: #130
Thanks for all of the advice and comments, I appreciate it!

 
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Posted: #131
How about a question regarding taxes....

I would imagine you are taxed per transaction, but what determines the rate???


 
Captain
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Posted: #132

Ice STOPS are account killers unless you really are a tech trader...Ive watched traders go cold and just keep getting stopped out for many trades in a row until they decide to take a break...it works but you really have to be looking at the longer time frames using Elliot wave or major fib levels...or at least thats my take on stops

I cleaned up on JPY dont know if you guys have been listening to Andrews show via the link i posted last week but its really helpful...im holding JPY on an entry of 90.25...looking for JPY to climb another 70-80 pips b4 i jump out

Also short EU with more lots than i should be but i had to take a shot here...my "line in the sand" was 1.3550 just because weve seen a bounce off this level a few times this month.. i thought once it didnt hold here it was over with and so far that looks to be the case...dollar index looks good again and news still bleak from EU zone so im gonna let it ride for now...i think 1.27 is  coming now we"ll see.....

 
Captain
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Posted: #133

Missing some letter up there but you guys know what i meant....Ill try to start posting more again i just been busy with work and the kids....only been Wall and myself last few weeks and usually when im up trading you guys are ....

person youll get a 1099 showing your profit or loss for the YEAR

 

 
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Posted: #134
EUR keeps tanking.. along with a big hit in a soccer parlay today, it's been a FANTASTIC day!
 
Covers Linesmen
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Posted: #135
The Euro death march continues without a doubt.

I hope we resume our discussions now..including those on the fringes like bobby.

Its been a good stretch and I learn and improve from hearing other opinions.
 
Captain
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Posted: #136

Go long on US/JPY here fellas...unemployment #s send this pair up to 93...

Pull a fib on dolllar index...we broke through a big level today...US/CHF at least 1.08...US/JPY 1.03...US/CAD 1.05...all closed above major trend lines not saying we see these prices tomorrow but theyre comin...put trend lines and fibs on ur charts...

EUi say 1.27...Andrew calling for 1.30 at least and prob as low as 1.31 tomorrow..[OH BABY]....i gotta say i love to hear somebody who does this for a living and charges subscribers $$$ agree with me or at least see what i think i see in the charts..

Wall,Rick ,Ice,Pop anybody reading got any thoughts on this??

 
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Posted: #137
buck,

I called for those things when the FED first raises rates..until then I dont see how you can run the USD against the Yen or even more a strong AUD and CAD, but I think the weaker CHF and LB and EU are susceptible for sure.

If they bump the EU over 1.34 tomorrow I will probably start legging into a short, mainly because I think Portugal issues start surfacing more and Spain as well. A stronger play would be to short the EU.AUD, but the EU.USD is a bit safer for sure.

I remember when the EU was at .80 cents to the USD, back when Clinton was exiting office..so it for sure could and will break the buck if the FED raises while the EU is in the middle of its mess.
 
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Posted: #138

https://www.traderslog.com/quotes-charts/?sym=AD!&studies=VOLI;ADX;

theres a chart on the Aussie dollar...DI cross coming...triple top here

 

 
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Posted: #139
Quote Originally Posted by bucknuts:

https://www.traderslog.com/quotes-charts/?sym=AD!&studies=VOLI;ADX;

theres a chart on the Aussie dollar...DI cross coming...triple top here

 



I dont see a triple top..that would be a test of the high and a failure.

I see a series of lower highs and lower lows..the high I have for that chart on mine is over .93 on the first two and about .925 on the last "hump".

I like the idea of lower highs though..

That aside..follow what is working and after reading about a rate hike by the Aussies changes the whole thing since the USD wont be raising rates for a long time, that puts more pressure on the USD versus the AUD.

The AUD will stay high until the USM falls..commodity momentum fuels the AUD and how the USM trades..so go short the AUD if you think the USM is going to fall or the FED will raise rates.
 
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Posted: #140

That buy of JPY woulda been good for 40 so far......also ive seen as much as  20 pip price diff on US/CAD between FXCM and my dealer???

First ive ever noticed this big a gap on the prices

 
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Posted: #141
Buck,

who had the better price?
 
Captain
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Posted: #142
Mine had the better price when i posted its flipped now and im showing a diff of 14 pips
 
Captain
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Posted: #143
and JPY
 
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Posted: #144
looking good Buck
 
Captain
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Posted: #145
92.85
 
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Posted: #146
Buck,

Are you out at that price?
Indicators are showing the decline.
 
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Posted: #147
The one minute chart shows it pushing against that 93.00 pretty good, 4 attempts to crack the top, then the slide back down, good call on your part!!!

 
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Posted: #148

thanks CD... i jumped out right after my post and went to DONATOS...also got some of the move up on Cad coulda had alot more but i set a limit for 25 and got it b4 i got back...prob safe to hold both but im gonna see if the  dirft lower and maybe enter both again...good close on JPY and theres really not much resis until we get into the 95 area

Watch the dollar index close tomorrow if it doesnt give much back its on like donkey kong boys 

 
Captain
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Posted: #149

Well this is too easy...only bad part is i didnt buy JPY again....im in Cad[pair ive sworn off]...im about to jump out and go short now..

 
 
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Posted: #150
Now short Cad 1.02654....out of everything else...i will go short EU again when it lloks like this little rally is done....some are looking for 1.3450 here,cant sit and watch it take 75 pips back from me...
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