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Ill just end up walking in the cold November.....FOREX

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Posts: 91
 
Captain
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Joined: Oct, 2005
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Posted: #76

My trade was open for about 25 mins

I dont see anything i like right now...ill check again in a few hrs

 
All-Star
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Joined: Mar, 2006
Posts: 14715
Posted: #77
is anyone else's forex dealer sending this to you

New regulation taking effect on the 30th of this month, looks like they are limiting margin on exotic currencies.

not sure why they are doing this. 

may be rampant speculation in emerging markets fueled by the weak USD,  

anyone have any insight into this?
 
Covers Linesmen
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Joined: Feb, 2003
Posts: 56849
Posted: #78
Yeah Ive been getting that in my email for a while.


 
Rookie
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Joined: Jan, 2007
Posts: 576
Posted: #79
bucknuts,

Learning a little about the market.  Can you explain the method you are using to select your trades?

Thanks
 
Captain
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Posted: #80

Prof8t i trade crosses of the DMI and ADX lines on the charts...i use 4 hr time frame to find pairs to trade...also been working nights ,sorry it took me so long to reply...ask any questions you have there are a few guys here that can help

Jumped in NZD/USD....bottom bottom on the 4hr....will set a limit for 25 if i dont jump out b4 i go to sleep

 
Captain
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Posted: #81
Sorry entry was 72094....thats a buys also
 
Captain
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Posted: #82
Its running boys...this should be a quick one already up 45 pips.....nice way to close out a good week..
 
Captain
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Posted: #83
Whats up fellas....didnt get to post yesterday but i sold EUR/USD off the DMI cross...was good for 3x what i got...all the USD charts look the same maybe setting up a few buys for early morning ill check in then
 
Covers Linesmen
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Joined: Feb, 2003
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Posted: #84
buck,

Got some verbage from FXDD today, looks like they are cracking down on their rules and margin levels are being cut to 100 to 1 and 25 to 1 on non-majors..

What kind of margin are you seeing where you trade? And it looks like volatility is slowing on most pairs..
 
All-Star
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Joined: Mar, 2006
Posts: 14715
Posted: #85
thats what I got last week.

I do not see the point, + would like to know why the regulators are changing things.

no explanation in my emails

 
Veteran
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Joined: Aug, 2007
Posts: 1162
Posted: #86

hey guys... couple weeks from hell for me.  seems like everytime i try to get back to posting something comes up in the "real" life

anyways, ive been getting those emails also.  not a big deal to me, as i keep enough money in the account to not worry about any leverage. i believe they also noted that i could switch to their UK counterpart to avoid this.

 
Captain
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Posted: #87

Forex.com has 100 to 1 and 25 to 1.....not a big deal for me either just going to limit myself to one OPEN trade at a time....no biggie...they will also allow you to go through the UK branch where NFA rules do not apply

Ive made a few trades thius week....still on track to take a week off next month...ill be more active in my posting again then....GL FELLAS

 
Captain
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Posted: #88
Also debating on buying some JPY for a long term hold here...maybe a few months any thoughts?
 
All-Star
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Posted: #89
This usd. jpy  is insane right now, 

keep hearing that 85 is going the be the magic level when te BOJ intervenes.

we shall see,
 
Captain
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Posts: 8951
Posted: #90
I just think jumping in here could net some huge profits....1.10 will be here b4 u know it...id say early spring at the latest
 
 
Veteran
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Posted: #91
i like that buck.  its gonna be hitting some crazy resistance here at around 85 and the all time low that it has closed on the monthly candles is just below 85 (although the lower wick has reached down to 79ish
 
if you have a long term frame of mind for the trade that is not bad...i'd buy with a stop loss just below the all time low (since 1988 on the charts) and be looking for like you said about 1.10
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