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March Forex

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Covers Linesmen
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Joined: Feb, 2003
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Posted: #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.


 
Covers Linesmen
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Posted: #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?
 
All-Star
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Joined: Mar, 2006
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Posted: #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. 
 
 
 
 
 
Covers Linesmen
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Posted: #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.
 
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Posted: #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. 
 
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Posted: #81
 
 
will usd/jpy  fall?????  
 
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Posted: #82

99 and some change yesterday for 70 pips, 

I would love to ride it back down to 98  

 
Captain
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Posts: 8951
Posted: #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
 
Captain
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Posted: #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
 
Captain
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Posted: #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
 
Veteran
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Posted: #86
went short on eur/jpy... put a stop loss on this one b/c not totally confident about it...
 
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Posted: #87
125.25
 
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Posted: #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
 
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Posted: #89
limit hit 30 pips...got a nice push down there to hit
 
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Posted: #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
 
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Posted: #91
you guys around tonight?
 
forex calling for wild NY session tomorrow as BOE and ECB(??) rate decisions are tomorrow
 
Veteran
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Posted: #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
 
Covers Linesmen
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Posted: #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?
 
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Posted: #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.
 
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Posted: #95
min deposit is 500
no micro
but they do have mini
 
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Posted: #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. 
 
Captain
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Posted: #97
bought two EUR/CHF two hr chart looks good for alittle pop here 1.47817 limit set for 30 pips $510
 
Covers Linesmen
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Posted: #98
Lower lows, lower highs..

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




 
Captain
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Posted: #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
 
 
Captain
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Posted: #100
choose CHF up 8 pips already since 3am....limit set for 30
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