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March Forex

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58407

Posted: Mar. 4, 2009 - 11:48 AM ET #76

Quote Originally Posted by wallstreetcappers:

That EU.AU is 8 pips at FXDD.

Why the crap is it so tough to find a place with great charts, good spreads and reliable WDs?

That EU.AU has been in a trading range for nearly a month.. 99 to 95 to 99 to 95

Something has to give, that chart is bound to breakout/down.

Wish I had gone with that thought, the pair is down almost 300 pips since then.

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58407

Posted: Mar. 4, 2009 - 11:49 AM ET #77

Quote Originally Posted by rick3117:

wall, download thinkorswim.

and check it out, i am very happy with it.

So what do you like about it compared to other platforms you used?

To be honest i am a bit concerned about "one stop shop" places, and arent they new to the market?

rick3117

All-Star

Joined: Mar, 2006

Posts: 14715

Posted: Mar. 4, 2009 - 12:28 PM ET #78

I have only used forex.com ,and fxcm's platforms, and it all has to do with the interface.

I can keep 8 charts up with all of my saved prefernces on one screen and be able to notice trends @ work,

they have a mobile feature so I can close positions while im in my car, work, in-laws etc.

But most of all i got the thumbs up from a buddy of mine who has been investing and doing forex for a while and used a lot of different brokers before finding a home at thinkorswim

I beleive td ameritrade just bought them,

there is a lot of info if you check some other forums too.

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58407

Posted: Mar. 4, 2009 - 3:30 PM ET #79

rick,

I like that 8 chart option..very nice.

What are the spreads on the pairs?

Looks like the US pairs are getting hit today after a HUGE run over the last while.

rick3117

All-Star

Joined: Mar, 2006

Posts: 14715

Posted: Mar. 4, 2009 - 4:05 PM ET #80

reasonable spreads usually 2 on main pairs,

exotic ones can be up to 5

another cool feature is the ability to detach any screen or chart from the main screen and maximize it

it is cool if you have a big monitor (like I have at work) or are planning on using a multiple monitor set up..

up to 20 charts open on a screen .

my monitor is just big enough for 8-10 22 in.

rick3117

All-Star

Joined: Mar, 2006

Posts: 14715

Posted: Mar. 4, 2009 - 4:07 PM ET #81

will usd/jpy fall?????

rick3117

All-Star

Joined: Mar, 2006

Posts: 14715

Posted: Mar. 4, 2009 - 4:07 PM ET #82

99 and some change yesterday for 70 pips,

I would love to ride it back down to 98

bucknuts

Captain

Joined: Oct, 2005

Posts: 8951

Posted: Mar. 4, 2009 - 4:15 PM ET #83

I dont see much at the moment had a nice down cross in CHF at lunchtime today cant wait until i home trading afternoons....we had a few crosses go threough at 3am too also a good time to trade but i cant trade then either....it sucks having a JOB,its costing me $$$ at this point

bucknuts

Captain

Joined: Oct, 2005

Posts: 8951

Posted: Mar. 4, 2009 - 4:18 PM ET #84

USD/JPY daily chart just the +DMI bounce off the ADX....but the RSI is at 82 so id say shes due to give some back here real soon

bucknuts

Captain

Joined: Oct, 2005

Posts: 8951

Posted: Mar. 4, 2009 - 4:21 PM ET #85

Look at the weekly for JPY though its forming an up cross of the DMIs so we may see it go on up some b4 any kind of retrace

popinjay

Veteran

Joined: Aug, 2007

Posts: 1162

Posted: Mar. 4, 2009 - 7:56 PM ET #86

went short on eur/jpy... put a stop loss on this one b/c not totally confident about it...

popinjay

Veteran

Joined: Aug, 2007

Posts: 1162

Posted: Mar. 4, 2009 - 7:57 PM ET #87

125.25

popinjay

Veteran

Joined: Aug, 2007

Posts: 1162

Posted: Mar. 4, 2009 - 8:43 PM ET #88

not happy with the way this one chart setup is playing out, but will let it roll with the stop loss, been hovering around 10 to -10 pips

popinjay

Veteran

Joined: Aug, 2007

Posts: 1162

Posted: Mar. 4, 2009 - 9:20 PM ET #89

limit hit 30 pips...got a nice push down there to hit

popinjay

Veteran

Joined: Aug, 2007

Posts: 1162

Posted: Mar. 4, 2009 - 9:27 PM ET #90

probably wont get back in again but if it breaks this fib level on the 15min chart 124.90 which it has tried twice i think it should drop down another 50. 2 and 4hr charts show possible dmi cross of adx coming up, but they are low at around 20. rsi pretty high though in the 60-70

popinjay

Veteran

Joined: Aug, 2007

Posts: 1162

Posted: Mar. 4, 2009 - 9:32 PM ET #91

you guys around tonight?

forex calling for wild NY session tomorrow as BOE and ECB(??) rate decisions are tomorrow

popinjay

Veteran

Joined: Aug, 2007

Posts: 1162

Posted: Mar. 4, 2009 - 9:51 PM ET #92

do you guys use pivot points at all? i really like using them to determing entry/exit points, etc. looking at a shorter timeframe such as 15min if you have the daily pivot points (pivot point plus 3 supports/3resistance levels) plotted on the charts you can really notice how price moves through the pivotpoint to the next support/resistance consolidates a bit then moves back or moves to the next level. im using the "AutoPivotIndicator" for MT4 and it automatically plots the daily levels on your charts. good stuff

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58407

Posted: Mar. 4, 2009 - 10:02 PM ET #93

popin,

I dont use pivot points but I look at the chart draw those lines by sight..like yesterday where I said if that pair dropped through support on the 5 min chart it was a disaster waiting, and it did and fell I think 200 pips.

You are right though..knowing where those support/resistance lines are can only HELP make a better entry and exit and are better used on shorter durations than a 4 hr chart.

rick,

I am concerned about the newness of thinkorswim, but those spreads sound mighty nice to be honest and this might seem ODD but I would almost prefer a foreign firm to a US firm, and dont they not have mini accts? Just the big boy and nothing smaller?

popinjay

Veteran

Joined: Aug, 2007

Posts: 1162

Posted: Mar. 4, 2009 - 10:12 PM ET #94

definitely wall... looking at the shorter time frames you can probably guess or see where these levels are just by eye. i dont have much experience looking at charts so it really helps seeing them plotted out cause they really do work.

rick3117

All-Star

Joined: Mar, 2006

Posts: 14715

Posted: Mar. 4, 2009 - 10:20 PM ET #95

min deposit is 500

no micro

but they do have mini

sjewell29

Veteran

Joined: Sep, 2007

Posts: 1797

Posted: Mar. 4, 2009 - 10:48 PM ET #96

I jumped in a EUR/JPY at the wrong time. If it can drop down to 125.000, I can at least make a little off of it.

bucknuts

Captain

Joined: Oct, 2005

Posts: 8951

Posted: Mar. 5, 2009 - 12:49 AM ET #97

bought two EUR/CHF two hr chart looks good for alittle pop here 1.47817 limit set for 30 pips $510

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58407

Posted: Mar. 5, 2009 - 12:58 AM ET #98

Lower lows, lower highs..

Kinda scary but on the short term 5 min chart it is trying..

bucknuts

Captain

Joined: Oct, 2005

Posts: 8951

Posted: Mar. 5, 2009 - 2:51 AM ET #99

Was hoping id be out with my limit by now cause i want to make another trade in next 20 mins here....i just took alittle over $200...

I like the 2hr CHF chart and if it holds up the 4hr could have a cross..

GBP/USD has crossed but the chart is kinda in limbo...EUR/GBP is crossing but the +DMI is low at 21,but i would only need 30 pips for a nice chunk of change...few options out there looking to pull trigger at 3am

bucknuts

Captain

Joined: Oct, 2005

Posts: 8951

Posted: Mar. 5, 2009 - 3:09 AM ET #100

choose CHF up 8 pips already since 3am....limit set for 30

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