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Long December.....FOREX

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All-Star
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Posted: #126
 tandem is the wrong word, because they are going in different directions, but you know what i'm sayin 
 
Hall of Fame
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Posted: #127

Since I can't make a successful trade if my life depended on it, I'm simply following the recommendations at mataf.net

Short on EUR/USD, stop loss at 1.439, limit at 1.425

 
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Posted: #128
Oops.. forgot to add.. got in at 1.430
 
Covers Linesmen
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Posted: #129
Quote Originally Posted by rick3117:

You think gold will follow in tandem??

bellow 1000


Yep..

I think Gold is a HUGE bubble and based off momentum with currency sprinkled in..If gold drops under 1k it will probably start some nice shorts/long stops selling and move even lower.


 
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Posted: #130
Right, but as a commodity can the bubble created affect the USD.  Or is there a point where it will decouple. 

we are still monetizing our debt, we are still spending like sailors on shore leave, and the presses are still running (to my knowledge)  we have refused to raise rates, or cut our spending,  all of this seems bad for the currency to me.

Could this bubble blow up devaluing gold, creating a Sustained USD rally into the new year based solely on the traditional correlation between gold and the usd?

If this is the case be ready to make a killing shorting the AUD


 
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Posted: #131
shorted Aud a while ago while I was at the gym

and it is looking good new low @ 8767
 
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Posted: #132
By the day the GLD had it should have been an easy call. 
 
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Posted: #133
OMG!!!! It's a Festivus MIRACLE!! Got paid on that EUR/USD short!  wow, I actually made a winning trade!  But I'm pissed, I could have bagged over 100 pips!  EUR just tanked!
 
Captain
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Posted: #134

A festivus for the rest of us......greatest show ever

 

 
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Posted: #135
 
 
Captain
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Posted: #136

Thinking about dumping EU/GBP here...up enough to cover the weeks its cost me right now...i do like the daily though maybe it can push up to 9050?Any thoughts fellas?

Anybody see or trade the bottom bottom in Eu/USD?My brother called me bitching cause i was still in this trade when Eu was 1.4240s......ill be watching the charts once im out of this pair

 
Rookie
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Joined: Jan, 2007
Posts: 576
Posted: #137
Quote Originally Posted by icemantbi:

Since I can't make a successful trade if my life depended on it, I'm simply following the recommendations at mataf.net

Short on EUR/USD, stop loss at 1.439, limit at 1.425


Where are you following this from?  What part of the site are you finding these?
 
Captain
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Posted: #138
sold Eu/JPY 131158
 
Captain
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Posted: #139

HAPPY HOLIDAYS EVERYBODY

 
Prospect
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Joined: Mar, 2009
Posts: 39
Posted: #140

Been reading you threads here and in systems. I am interested in the DMI and RSI lines. But have no understanding of the crossing of the lines.

Can I get the 10 min course on this?

Thanks

 
Captain
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Posted: #141
Open a practice account and ill go over a chart with ya
 
Captain
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Posted: #142

Eur/Jpy stuck in a rut between 13140 and 70 here no movement outside that box since open....getting an ADX +DMI crosss on the 2hr hope it leads to somerthing good on the longer charts........

Everybody have a good xmas?

 
Prospect
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Joined: Dec, 2009
Posts: 6
Posted: #143

hi just open a demo account ' forex.com.

 i have 3 lines of rsi and the on dmi on chart should i have  just one of each

thank you

 
Captain
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Posted: #144
Should be RSI[select SMA]...then the DMIs are a set of three
 
Captain
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Posted: #145
 
Prospect
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Posted: #146

ok thanks sma 2 lines

and dmi 3 lines

 thank you

 
Captain
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Posted: #147
.....RSI should be a single blue line
 
Prospect
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Posted: #148
hi i have sma3 green and sma4 blue overlaid on bar chart eur/jpy  4 hour about to crossover
 
Captain
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Posted: #149

what are the setting on ur RSI?

im seeing a cross in EUR/JPY but its an ADX+DMI cross

 
 
Prospect
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Posted: #150
hi ok managed to turn 2 rsi`s off only one on reading 63 683 the setting is set at default and adx+dmi cross
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