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March Forex II

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Posted: #101
just hit a hundred pips
 
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Posted: #102
Buck, yesterday you tipped me off to that CAD trade and today  the news about the releases to lead me to the JPY trade
 
your help has gotten me over 600 bucks in the past 2 days.
 
If you are ever in morgantown wv you will have to let me know because I owe you a beer 
 
Covers Linesmen
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Posts: 56849
Posted: #103
Just got around..

This isnt how I want to operate but I have to say what happened anyway.

Ended up getting 3 contracts of US.Yen with 2 at 96.9 and one at 95.98 and closed now for 400 pips between the 3 with the price being right at 97.96 (missed a little bit)

Now the crazy trade..you guys knew I was holding this LB.CHF trade..and last night I said it wouldnt shock me if the pair hit 1.64 given the chart..well this morning it did hit that and higher.

I had TWELVE contracts averaging down as low as 1.589 and as high as 1.629 and sold today between 1.642 and 1.644

So now this fake account is up to 55k and now between the 3 Ive had its near 100k.

Even being up 100k, this wild style of trading isnt going to be profitable with real money and I wont be sleeping with 12 contracts of LB.CHF hanging out there.

I really felt like what buck said above, if the chart is right and the numbers are right, averaging down is OK..but 12 contracts is too much.

Now I only have 2 short EU.LB which havent moved, I might just cut them loose and lose a few pips.
 
Captain
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Posted: #104
Nice trading you guys.....Rick the forexinsider section is who puts out the info,im just a middleman but ill take that beer
 
Hit my limit in AUD,going back to bed see you guys this afternoon,save some pips for Pop
 
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Posted: #105
I think i like these guys news the best,  easy to understand
 
 
FXstreet.com (Barcelona) - The USD/JPY today's rally from the 95.65, three weeks low, was capped at 98.50 level and the pair has been rejected to be traded below the 98.00.

Currently, the pair is trading around the congested zone of 97.80/98.00 support level, if the pair continue to going down, below the 97.90, it will find minor support at 97.20, and then Mar 6 low at 96.56, and below there 95.95 first, and then 95.65.

On the upside, the pair could be back to break the 98.50 resistance and, above here, The dollar has a clear path to set another assault to the 99.20 intra-week high, and successful move above there 99.67 (Mar 05 high), if the Dollar manages to break through 99.67, it will be at the highest level since Nov 4, and heading towards psychological resistance at 100,00.
 
Covers Linesmen
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Posted: #106
Here is a BIG time negative I am finding with this FXDD platform..

When I close a trade (buy to close or sell to close, whatever) it NEVER CLEARS from the position list..

The negative is two fold..that I might make mistakes not knowing what I am long or short or that I was long or short more than I thought..AND even bigger of an issue is the swap problem...some of these positions have a HUGE swap because they keep getting rolled over every day, and even though they are closed out, due to the spread between the buy and sell or sell and buy it keeps eating away at my balance..I bet I have near 5-7k in total Swap out there and so with the spread it has ended up being probably 500 to 1000 in lost money because they dont close out the stupid thing and it gets bigger and bigger and bigger..

I sent an email and they pretty much brushed me off and didnt have an answer...very frustrating.
 
Captain
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Posts: 8951
Posted: #107
Its just an issue with the practice account though im sure....i mean who would stand for losing $$$ on closed positions right...
 
I dont have any issues with forex.com.....love the forexinsider commets,market indices,and market news all on the front page of platform....i would like to be able to have more than 3 charts ready but really looking over the 4hr charts its usually less than 3 that will be ready to be traded at one time anyhow....and once in a trade im not worried about the other pairs...not to mention we can trade Gold now....have to buy more lots cause the contracts are smaller but ive made two trades in that pair for $700 total....I think you should give it another shot Wall its not a bad platform overall and the customer service is great....not to mention they been around for awhile
 
I dont see anything on the charts i like.....maybe JPY lower looking at the 4hr and the daily but i dont like it enough to trade it so ill look when i get home in the am...GL on all your trades fellas
 
Captain
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Posted: #108
Well i went through the charts 2hr and 4hr dont see anything i like....CAD unemployment rate worse than expected but so far not much movement #s came out just after 7am......ill check back in after the wife and kids have left
 
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Posted: #109
looks like the cad reports werent that bad
 
us reports comming out soon, 
 
usd/cad looking kind of curious, 
 
gave back all the gains that it made after job loss reports.
 
might be an indicator to the us news
 
short usd/cad got it @1.2816 
stop @ 1.2840
target 1.2700
 
 
 
 
 
 
 
Captain
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Posted: #110
Just jumped into CAD here trade #s due out at 8:30..........looking for a move up according to FXinsider.....1.2817
 
Captain
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Posted: #111
i didnt see your last post Rick....im in on the other side
 
Captain
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Posted: #112
well it looks as though its gonna drop......man i shoulda waited to see the news first
 
Captain
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Posted: #113
 
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Posted: #114
did you get out and get that second wave down buck??
 
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Posted: #115
one lot hit limit @ 1.2700 for 116 pips
 
waited for a small retraction got 1/2 lot @ 1.2710
holding for a limit of 1.2600
 
stop set @ 1.2760
 
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Posted: #116
huge retractment,  got out at 1.2697
for a small gain, 
done with this, 
if you still are holding buck i think it will be a buy prior to the numbers comming out @ 9:55 they look positive for u.s.
 
 
 
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Posted: #117
if it breaks that 1.2675 mark I will hop back in short
but for now Im happy with my gains.
 
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Posted: #118
im finding that the resistance, and support numbers put up on fxstreet are really good for plotting entries, but more importantly exits.
 
 
 
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Posted: #119
the reports are written out nicely at forex factory, 
put them into simple terms that even a noob like myself can understand
 
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Posted: #120
consumer sentiment
and inflation expectations are both comming out @ 9:55
 
they should both be pretty good for usd
 
looking at usd/jpy  it is already trending up but has had a hard time breaking that 98.56 area
 
I think that these reports could send it toward the next level @ 99.20
 
worth a shot in Long  @ 98.34
 
 
 
 
 
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Posted: #121
usd/cad order auto filled    short @ 1.22675
 
 
 
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Posted: #122
usd/jpy stalling too early, 
 
out @ 98.41 
 
im going to kick myself when this breaks out. 
 
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Posted: #123
hit my limit @ 1.2635 looks like I could have rode it another 10 pips but there was a retractment shortly afterwords.
 
170 pips on the morning, and I am done for the week.
 
not had great luck with the us or asian markets
sticking to the london/us  timeframe,
 
 
buck, that beer is waiting for you if you make it down to morgantown this weekend
 
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Posted: #124
 
 
check this out ??????
 
 
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Posted: #125
whatsup fellas,  was too busy to check in yesterday and went to the bruins game at night, but.....
 
nice job rick! youre in real cash now too right?
 
you're right about the markets though... the two times i've been able to trade london/us overlap into the US have been very nice for me...i tried to trade it at work but i cant dl the software to see my charts and the remote access is very sketchy from here.  maybe ill start to bring in my laptop
 
have a good weekend guys, im off to finish up at work then heading to see celtics game.  oh yeah... thank god its the weekend!!!! (although i wish forex was open then too!)
 
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