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February Forex and beyond

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Captain
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Posted: #51

make that 3 trades for over 100 pips and hes looking to enter a long on EUR/CHF....again looking for an entry in the 1.4690s...

Hes also looking to shrt EU/AUD in the 1.59s..got to run some first but it might get there...see you guys later

 
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Posted: #52
Got the short limit last night on the Lb.Yen..

Not bad on the day (over 110 pips), now on to today.


 
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Posted: #53
luckily for some reason my software did not execute the trade that I had programmed in last night,  if it had I would be out 23 Pips. 

I entered all the values but did not execute the trade, 

SO I learned a lesson with out having to pay for it.
 
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Posted: #54
Quote Originally Posted by bucknuts:

make that 3 trades for over 100 pips and hes looking to enter a long on EUR/CHF....again looking for an entry in the 1.4690s...

Hes also looking to shrt EU/AUD in the 1.59s..got to run some first but it might get there...see you guys later



Interesting on that EU.CHF..the chart looks listless, moving averages just slugging along..no real trend in place, maybe slightly down?

Both DI lines and the ADX are tight..very close..maybe he is basing it on the day chart and it is flirting with breaking through a down sloping MA?

Wow..the Eu.AUD spiked 200 pips last night, it has almost filled that gap and the way the chart is shaped I bet it will.
 
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Posted: #55
What a snoozer day..not much going on..I tried to get short but levels were never breached that made sense.
 
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Posted: #56
Finally got short at 144.65


 
Captain
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Posted: #57
thats GBP/JPY youre short in Wall?
 
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Posted: #58
Quote Originally Posted by bucknuts:

thats GBP/JPY youre short in Wall?


Correct..

Looking for 50 pips..

Cover at 144.15
 
Captain
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Posted: #59

Looks like an UP cross of the DIs is coming...im seeing the+ at 17.05...and the - at 18.03....

 
Captain
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Posted: #60

Can you shorten that post for me Wall?Sorry about that..

 
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Posted: #61
On it Wall
 
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Posted: #62
Quote Originally Posted by bucknuts:

Can you shorten that post for me Wall?Sorry about that..






On what charts, the 4 hr? (On the UP DI)
 
Captain
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Posted: #63

Yeah the GBP/JPY 4hr...should clear up here when this block closes at 11...so far so good though...they are drifting apart now+15.3 and the - at 19...

Pissed i  let EU/JPY slide by i saw it in the 50s again shortly after i got home from work...was talking with my brother about shorting again and didnt

Thinking about selling USD/JPY crossed on the 2hr and 4hr could have the +DI get rejected by the ADX....any thoughts?

 
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Posted: #64
So what do you do when the ADX is downsloping and in this case the + and - are so close?

Both are 16?

Is there a formation of the ADX (up or down slope) mean anything to you, one more important than another?

The MA on that chart just looks so listless and uneventful..the chart looks so blahhhhhhh...
 
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Posted: #65
Oh and this Lb.Yen reversed off the lows, I missed 50 by like 5 pips..


 
Captain
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Posted: #66
I would still trade the cross of the DIs....but thats me ..you had a good short there i see the high in this 4hr as 88 so you coulda had 50 if you jumped a few mins sooner...thats not to say it still wont give it to ya i just think this candle closes white..and thats only 12 pips or so away...and if that happens the DIs will cross which should lead to a higher price
 
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Posted: #67
Same here just missed my limit I placed.  Coming back down though, no need to panic.  I have my stop set just above resistance at 145.20
 
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Posted: #68
Quote Originally Posted by icemantbi:

Same here just missed my limit I placed.  Coming back down though, no need to panic.  I have my stop set just above resistance at 145.20


No stop set for me..lol

buck..so back to the ADX issue, have you noticed more or less success with how the ADX is sloping relative to the cross?

So say you get a + cross, have you noticed it is better when the ADX is sloping from down to upwards versus say it is HIGH and going lower?

On this LB.Yen it is a lower low, lower high still unless it moves through 146.25.
 
Captain
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Posted: #69

Honestly Wall i reall dont pay much attention to the ADX alone i dont give it any thought unless the +DI is crossing it..i wont trade the -DI/ADX crosses...i use several other indicators but the cross is what i look for...

I think you guys are good here...youll be fine not having a stop and i see Ice has his a good distance away...if the 4hr closes below last close the cross will be even further away/rejecting....

 

 
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Posted: #70
So it closed as a DOJI on the 4hr.....
 
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Posted: #71
Quote Originally Posted by bucknuts:

So it closed as a DOJI on the 4hr.....


I wonder how much of a variance there is from one set of charts to another..so you use one site and I use another, I actually have several I can access and observe but the MT4 seem to run off the same engine and dont vary from site to site.

I get into these correlative things..like how a chart is shaped and where the technical indicators are positioned etc.

Ive always been curious about consolidating indicators, say like in the lb.yen right now they are bunched together..maybe it means little since I can look at the same pair and notice a massive wide spread between the three and the chart does not react afterwords.

In fact sometimes Ive also seen that the extreme bottom lows say on the -DI do not mean a bottom..for example on that same pair, on Jan 19th the -DI was at 3 and change..pretty extreme (4 hr chart), yet the pair went from 148.75 or so down to this level and the -DI and +DI were just a non-event and the ADX was in the atmosphere, no way to confirm any sort of technical trade off that..

Its tough to find a real strong indicator that is full proof and wont be rejected even with a legit, confirmed signal.
 
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Posted: #72

Look at EUR/CHF....it been dropping yet the RSI has been drifting up for days..ive tried to learn all i can about the indicators and different trading methods but nothing works as well as trading a cross,for me anyhow..i do like drawing trend lines and trying to make trades off of them but if youre wrong you get smacked with a breakout/down and i dont like to use stops...

Watching Matts daily videos and seeing him use stops with his trades ive noticed that if he would average once he'd have a much better % on his trades...i watched him get stopped out of 5 str8 trades and i tagged along on 2 of them and got out with profit...

Your guys chart is starting to look good...2hr crossed last block and the stochs are going to cross on the 4hr...i think you get your pips b4 our market opens...

I got my 25 out of USD/JPY and EUR/USD is pushing higher for me..i need to get that monkey off my back...we might see the upper 141s maybe even 142 b4 the week ends and that would be enough for me to get out with good profit..

 

 
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Posted: #73

Edit that post for me Wall.....i didnt mean to put that last line on there twiceI guess i should read over my posts b4 i hit submit...

 
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Posted: #74
Sold NZD at 7128
 
 
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Posted: #75
Lots of spikes on that data, not sure what the spikes were for..the USM isnt moving much...
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