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Forex Feb II

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Covers Linesmen
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Posted: #76
Well I talked about it last night here. I looked in my Forex news feed but nothing came up. I need a more aggressive news feed that gives opinions and comments rather than just facts and market info..if that makes sense.

I noticed that ALL USD pairs moved up strong, i was up a TON on my EU and LB pair vs USD and then late last night they all got smoked, like 200 plus pips, so for sure I think someone was either buying USD or shorting the others..

The Yen pair went up 100 pips last night, the US.CHF went up almost 150 pips last night, so it could have been someone covering a SHORT or going long, either way it was across the board.

I think it wont hold personally, I am not selling my EU and LB pair here, in fact the trade I missed just an hour ago or so is up 50 pips since (the LB.USD add trade)
 
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Posted: #77
hey wall, have you seen this news site, not bad. 
 
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Posted: #78
Quote Originally Posted by rick3117:

hey wall, have you seen this news site, not bad. 


I forget which platform it was, since Ive used like 5 I guess but one had streaming news in the platform that was more subjective, not just technical or stating global news which effects the currency market..maybe it was Forex? I liked that quite a bit..this one at the FXDD is streaming but wouldnt throw out a thought on what happened last night for example.

Thanks for that link, I guess to an extent I am not studious enough to have a bunch of sources and keep up with all of them..thats not a good thing either if I might say, I should devote more than I do.
 
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Posted: #79
I just cant wrap my head around the usd/jpy scenario.
I guess I just dont comprehend what is at the base of the movement today.
 
more studying i guess, and glad Its just a practice account.
 
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Posted: #80
Its comming down a good bit too, 
 
Im finding that the longer I stick with a trade the more success I have.
 
which makes me think I should just develop a trading range at the begining of the week,
 
Sell when it gets close to a new high, and buy when it gets close to a new low.
 
and just wait.
 
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Posted: #81
well if a pair has spiked against you it sure seems that it will retrace that spike, I agree there..especially that US move across the board last night.


 
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Posted: #82
rick, im in a short of that JPY... kind of a mid to long term trade i guess...i think it should come down also, may take a while though.  taking a look at the 1H chart it seems to be having a difficult time breaking through 92.50/70
 
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Posted: #83
what is the point of taking the loss if you dont need the liquidity.
I have kept a trade open for 5 days, 
but never longer than a week,
is there any penalty for keeping trades open for a week or month etc. 
is it possible ????
 
 
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Posted: #84
it is definitely possible, you can keep it open for as long as you wish.  it is risky over the weekend just because of all the news that can come out while you're unable to trade.  there is no penalty, but some or most brokers (i think) will charge you a rollover fee
 
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Posted: #85
that is what I am seeing,
not sure what my brokers fee is,
good question to find out though before I get out of the "playdough"
 
 
 
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Posted: #86
Looks like they are hitting the US pairs again tonite.
 
Prospect
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Posted: #87
I'm still short GPB-USD
 
Captain
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Posted: #88
id sell the cross on CAD but the +DMI is in the 30s.......still sitting in the EUR/CHF from lastnight but im not worried looking all the way back to 2000 the low has been 1.43-1.44........going to wait to average until the chart shows some kind of direction.....
 
 
 
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Posted: #89
cross coming in USD/SGD and USD/NOK but the DMIs are all low ......i dont see much i like at the moment
 
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Posted: #90
These US pairs are back and forth and back and forth..going to make a technical nightmare...
 
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Posted: #91
spread isnt too bad on that SGD either, still im scared of the unknown.  dont even know what SGD is lol
 
hoping the us/JPY will cross soon.  i've been looking and when the MACD lines cross at the same time as the DMI it is usually a real big drop.. .looks like it might happen with this one
 
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Posted: #92
found a couple of great sites with A TON of info:
 
great site basically divides up into courses in subject matters such as 'technical analysis', 'strategies'
 
wall - if you are still using it, this site also has information on setting up charts in the MT4 platform
 
 
 
 
this site is amazing.  it contains links to full text published books (such as those by john murphy, etc).  it also has a ton of articles and such on all topics forex (also some stock related stuff here).  not all links work i've noticed, but most do.
 
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Posted: #93
Quote Originally Posted by popinjay:

found a couple of great sites with A TON of info:
 
great site basically divides up into courses in subject matters such as 'technical analysis', 'strategies'
 
wall - if you are still using it, this site also has information on setting up charts in the MT4 platform
 
 
 
 
this site is amazing.  it contains links to full text published books (such as those by john murphy, etc).  it also has a ton of articles and such on all topics forex (also some stock related stuff here).  not all links work i've noticed, but most do.


Great stuff there, thank you for posting those links.

Ive got the charting down pretty well..I know what indicators I like and what works..there are a TON of things one can chart but I dont go overboard with it, maybe I should?

What bothers me about this FXDD is that they arent clearing positions out of my account once I close them...a few times I closed the same trade more than once and had to go back and fix it at a loss of paper profit.

Between that and the stupid GTC order that they filled 100 pips above the printed price to buy, Ive lost probably 1500 FUNNY bucks due to their system and messups..
 
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Posted: #94
i definitely agree.... so many indicators you can chart it can be overwhelming.  personally right now i think it's best to stick with a few and really understand them and develop a system with them, just like buck has done.  right now that is what I mainly use, rsi and dmi indicators and just recently i started to chart MACD and bollinger bands with them. once you understand the indicators/system very very very well then the other half is all mental
 
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Posted: #95
good links,
Anyone pick up Eur/usd @ 1.2536 
i picked up a lot @ 1.2540
I think im just going to set the limit @ 100 pips and forget about it.
 
 
 
 
 
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Posted: #96
looks like it dropped a bit after I made the buy, but it is back up over 1.2560  and the chart is looking good w/  +dmi and rsi both moving up at the right levels, 
 
expecting a nice rally
 
any thoughts ??
 
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Posted: #97
My thoughts are that the USD.YEN is out of control, up 150 pips in the last 8 hrs or so, USD.CHF also on fire.

The EU.USD chart looks bad still and I am long the pair like you.

The drop on the 4 hr chart does not instill confidence.
 
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Posted: #98
 
im looking @ usd/chf and it is looking primed for a fall.
 
am I being too short sighted in your opinion?
 
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Posted: #99
on the hr. chart i think I am noticing a Head and shoulders pattern usd/chf
 
 
 
 
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Posted: #100

I think im going to ride usd/chf  down to 60 and then buy 

eur/usd is picking up a bit

 

man this is entertaining , 

My fiancee does not see how I can sit and stare at charts and be entertained.

wish i could do this for a living.

lunch is over though. 

talk to you guys later

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