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March Forex

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Posted: #1
a new month boys... lets make some pips
 
Captain
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Posted: #2
Whats ups boys and girls..........had a busy week last week wasnt home much
 
Starting off the week in USD/CHF on the buy side ....looks like a cross is coming going for 41 pips here $700...got in at 1.1706 just a mins ago........LETS MAKE SOME $$$$$$$$$$$
 
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Posted: #3
in that also buck... GL to us
 
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Posted: #4
out with 40pips
 
nice start to the week
 
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Posted: #5
sold aud/usd  @ open close to 100 pips
 
 
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Posted: #6
about to get a down cross in JPY...im in at 97.576
 
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Posted: #7
CHF trade was good for $700....pissed at myself for not making the trade in EUR/USD had a perfect down cross of +DMI and ADX as it tested the lows from Friday and was good for 50+ i stayed away though as the +DMI was at 12
 
Not sure what i want to do here....looks as though the cross is being rejected but its not yet confirmed the lines are running along side each other the the RSI down at 44.....
 
Looking for this pair to give me some sort of a sign here b4 bed.....
 
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Posted: #8
Well i just jumped out for $130....cant leave this trade open with the charts in limbo here...this pair has been too strong to be holding a shrt overnight 4 me.....two trades that made $$$$ not a bad way to start the week
 
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Posted: #9
I knew it would break when i got in the shower......see you guys tonight around 4pm
 
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Posted: #10
hey buck, im checking some four hour charts with the method you described  last week.
 
looking @ usd/cad  and the + dmi is moving down almost intersecting the adx.  the -dmi is pretty low near 9 and the rsi is firmly overbought  near 86.
 
is this the type of situation you are looking for with your indicators, or do you generally wait for the rsi to drop a bit first (as it is still showing a postive trend?)
 
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Posted: #11
can't view the charts right now, but by your desription, sounds like a good setup for bucks system.  typically you would want the rsi to be going in the direction of your trade, but doesn't always have to be.  also  helps if the dmi+ is at a higher level so it has room to move down (for a sell)
 
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Posted: #12
rick,

From my charts I dont see what you are.

I see the ADX at 59 and the +DMI at 28 on a 4 hr chart. The -DMI is at 3 and I think it has a great shot at a retrace..even though it doesnt fit the description.

The only problem is it hasnt broken down yet so you would want to be nimble on the trade.

Another example is the US.Yen chart, its been overbought for  a week, Ive noticed this ADX can be a crazy wild indicator, on the CDN chart it JUMPED today and if you were watching it when it was at 35 it looked like it was a sell setup, then the sucker flys higher and the so-called entry would be a monster failure by 300 pips.
 
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Posted: #13
yeah, it really isnt looking like its going to fall now,  I was looking too much into it I think
 
I still think this puppy is primed for an epic fall but maybe not yet, and mabe not before IT tests some new highs
 
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Posted: #14

hey, wall pop or buck

check usd/cad now, 

i think it qualifies???????

 
Covers Linesmen
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Posted: #15
rick,

Looks like it is out of control, just broke a higher high.

My 4 hr charts have the ADX at 60.

I am going to short right here just out of principal..could be wrong but this RSI is out of control as is the ADX
 
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Posted: #16
Im not getting it wall,
Think ill be stuck in this one for a while.
 
Covers Linesmen
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Posted: #17
so did you get in that trade?

I sold two at 1.29 even.

The theory is to sell short if the +DMI falls through the ADX and having a high RSI and high DMI and ADX together.
 
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Posted: #18
yeah,I got it around 1.280 though,
 
 
 
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Posted: #19
that should read 1.2880
 
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Posted: #20
Whats up guys....Rick i dont get a chance to check out anything until i get home unless somebody brings a laptop,but we have such a dirty job nobody likes to bring them to work
 
Im looking at the charts now and i see JPY came down to about 97 flat was in on the sell in the 50s shoulda kept it open but thats ok....
 
Im not seeing a sell sign in CAD i will usually wait until its almost touching b4 i jump....at 11am it was still a bit away....but if those lines were touching thats just what im looking for.....looking at the daily though you might want to wait for 1.30 as its topped out at this level several times since November....1.3017 being the high on 10/28....and its tried 3 other times at this level and failed.....
 
Im not seeing much on the 4hrs...i see i missed a good buy on EUR/GBP lastnight at 11pm....DMI cross with the RSI at 32.....i just didnt check any prs not USD....but i was in a trade anyhow but still that was a good sign there.......
 
Hey Wall are the other sites letting people trade gold/USD???
There was a sell sign in this pair around 11pm also....
 
Covers Linesmen
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Posted: #21
buck,

I would think if a place had commodities they would allow that trade.

I think FXDD has commodities, but I am not positive.
 
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Posted: #22
We do have a bottom bottom in NZD/USD.....i just noticed it and its good zoomed out a few times im jumping in now...... .4923.....set a limit for 40 pips $800
 
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Posted: #23
That spread is a MONSTER..amazing.

I put in an order too a little lower, see if I get a nibble.
 
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Posted: #24
Forexinsider is looking for AUD to move up 100 pips or so after data
 
 
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Posted: #25
what spread do you have?  mine shows just under 4pips, not bad
 
usd/jpy could be moving lower... been scalping minor pips since been home from work.  waiting for it to break some support lines, then could go short
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