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all the little ants are MARCHing....forex

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Captain
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Posted: #201

We could see 97.50 pretty quickly...

I been riding these lots for 200 pips now and ive been getting in and out since 90.25...

Trend line on the dow since late Jan is sick nasty....when it breaks its going to be

 
Covers Linesmen
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Posted: #202
It feels like the market will never break..lol

I think the Us.Yen wont participate when/if the market breaks..it seems when the markets drop that the Yen is stronger than the USD, so even though both go up, the Yen going up surpasses the USD.

They took the US.Yen down fast off the top but right back up near the highs.
 
Captain
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Posted: #203

I love days like this....news releases are so fun to trade.........$$$$$$$ everywhere

$/CHF was an easy one...how did i not put in just a one lot buy on the data???

GBP about to close below its trend line support on the hrly chart...i might just hold these as well...if these EW guys are right and it pulls down to 1.48 im taking a fucking vacation

 
Captain
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Posted: #204
Feds to hike discount rate next week????OH BABY
 
Covers Linesmen
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Posted: #205
Quote Originally Posted by bucknuts:

Feds to hike discount rate next week????OH BABY


Yeah right, who said that?
 
Captain
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Posted: #206
Theres a meeting and that seems to be what people are thinking now
 
Captain
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Posted: #207

Meeting Monday morning Wall

 

 
Covers Linesmen
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Posted: #208
I was a bit confused for a second there..yeah they will raise the discount rate, that does not mean much since the banks are allegedly not borrowing and that rate is at a rock bottom low as it is.

I dont think it has much of an impact, nothing like when they first raise Fed funds.
 
Captain
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Posted: #209

It may not surge the USD but it will put a stop to the fall i think[although that really happened today]...i watched a trade with the news video this morning and they seem to think a hike here Monday would give the dollar some strength and send it back up to test resis at 82.50

The news today has sent it back to 81.4....we need to hold this level and push forward next week and ill be sitting pretty on my positions

 
Captain
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Posted: #210

just searching for anything i can find on the topic...last raise of the discount rate dropped EU by almost 200 pips and the DOW 119 pts....this was FEB 5th...also many traders will still be out of the market due to holiday...

 
Captain
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Posted: #211
https://www.federalreserve.gov/boarddocs/meetings/2010/20100405/advancedexp.htm
 
Covers Linesmen
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Posted: #212
Yeah they will raise the discount rate..

Not sure what effect it will have but it should give support to the USD..
 
Captain
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Posted: #213
So we have an expeditted meeting Monday and news sayn  US to announce the timing on their decision on naming China currency manipulators within days....thats funny havent they already been labled?
 
Captain
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Posted: #214

hey guys check this out

 

https://www.myfxbook.com/

 
Covers Linesmen
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Posted: #215
I checked it out..

How can we profit off that site?

Have you tried it and if so what are your observations?
 
Captain
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Posted: #216

I just found it today....they dont have my broker listed though...i want to add my account and search through my stats...

Its like sharkscope for forex so it can be used to study ones trades,habits,whatever you need also a forum on the site but i dont care about that...just be cool to have a virtual log of my account with all kinds of cool graphs and stuff....much better than writing shit down

Wall did you try MT4 and did you like it?Charts good?Ichi clouds on MT4?im still using forexpro just so use to the charts and its features i might have to open another account soon anyway if this 10:1 craps comes but i had just planned on switching to an account on the UK platform..im kinda interested in the hedge feature and id have to go with MT4 UK to do so....or go to FXCM UK

 

 
Captain
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Posted: #217
Happy Easter
 
Covers Linesmen
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Posted: #218
I imagine that the sunday market wont be too crazy trading wise.


 
Captain
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Posted: #219
Yeah itll be tame until 1130 am tomorrow....there is a gap to trade in GBP....bet it gets closed b4 the news
 
Covers Linesmen
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Posted: #220
Quote Originally Posted by bucknuts:

I just found it today....they dont have my broker listed though...i want to add my account and search through my stats...

Its like sharkscope for forex so it can be used to study ones trades,habits,whatever you need also a forum on the site but i dont care about that...just be cool to have a virtual log of my account with all kinds of cool graphs and stuff....much better than writing shit down

Wall did you try MT4 and did you like it?Charts good?Ichi clouds on MT4?im still using forexpro just so use to the charts and its features i might have to open another account soon anyway if this 10:1 craps comes but i had just planned on switching to an account on the UK platform..im kinda interested in the hedge feature and id have to go with MT4 UK to do so....or go to FXCM UK

 



Forgot to answer this..

Yeah I only use MT4..thats the platform I have and will only have.

If you are looking for out of the country try out Delta..and sign up for one of those pip rebate places..they give you a rebate on round trip pips (not Delta but the place does) and Delta gives a 20% signup to boot...
 
Captain
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Posted: #221

Im gonna switch when/if new lev stuff goes down...

I have linked a practice account up to myfxbook.com using MT4...i will be making trades using this account that i make in my real account may not get the same price but thats ok...im bucknuts there also...i will link my real account if they ever have that option or when i switch

I started the demo with 3k...trading $1 pip....

Got in a sell of GBP....good luck this week Wall

 
Rookie
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Posted: #222
well i think i got everything right on my charts cuz i tried getting in the same trade gbp/usd sell but couldnt get my order associated. I tried to manually enter the trade and it never got taken so i just clicked the sell on the pair box, still getting used to the set-up. coulda got 1.527 im in @ 1.526. lets make some $$
 
Rookie
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Posted: #223
actually i only missed a few pips looks like its was about 1.5264, 
 
Rookie
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Posted: #224
hey buck what do you have the directional movements set up as ? i had the same trade using the d+ crossing down thru the adx but now im looking at the 4 hour chart and it looks like the cross was 3/31. mine are 14,0,0 and same for relative strength 
 
 
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Posted: #225
jumped outta the gbp trade +33 pips. 
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