Long December.....FOREX

Yep saw that. Been hoping the low RSI will turn it around

after reading this thread and a few others i think i may have it somewhat figured out.  here's what i've got....let me know if this about covers it:

work off of 4 hr charts, use only rsi and dmi indicators, look for crosses of di+ and di-, if di+ crosses up through di- and rsi is low (around 35) then that is buy signal, if di+ crosses down through di- and rsi is high (around 70) then that is a sell signal?

do u have any certain pairs that you favor, or those that you stay away from?

thanx in advance for your help

LT you got it buddy

great, been looking at some of the charts but don't see anything worthwhile coming up.  is there anything you are looking at right now for the near future? 

i don't know what's easiest for you to do to try and see upcoming trades, but what i've been doing is pulling up rsi on each chart, then if it looks like its in a buy or sell area (35 or lower, 70 or higher) i look at dmi to see where the lines are.  seems pretty easy so far....let me know how you do it.

i set my chart up with those indicators and first scan the 4hr charts then i look through the 2hr ones....

We had a few good crosses today...GBP/USD was one of them it had an ADX/+DI cross then the DIs crossed...told one of my work buddies to check out this pair,hope he got in

I sold EUR/GBP yesterday off an ADX/+DI cross but didnt get nearly as much as i should have...the DIs crossed and sent it crashing...i swear i didnt see the DI cross coming when i last looked at that chart or i would have held on and made alot more $$$$

did u see that rsi level on the 4 hr or 2 hr chart?  on the 4 hr chart i saw it at around 72.   i was looking at it, wasn't really paying attention to the +di crossing the adx, was looking more for it to cross the -di, which is a ways away.  went ahead and jumped in at 92.51 on a sell. 

i actually had 9250 as a 23% fib retracement on the daily chart a few weeks back so hopefully that's gonna work out as a good level.

I see the RSI at 81.25 on the 4hr....whats your reading on RSI Rick?

LT ive been putting threads up for well over a year now and we have had a few people come and go...one of the problems for newbs is that they try trading more lots than they should...keep your lots down to one or two at a time...if youre in a mini and have less than 2k i wouldnt start a trade with more than 1 lot...i like to keep enough margin in my account to where i have 10:1 money avail vs money in a trade

Great advice.  That's what I'm working on now, have always gotten way ahead of myself by having too many open positions.  Just like sports betting, gotta have money management down to make $$$$.  Hope im not one of those people that come and go, wanna be around for the long run.