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March Forex III

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Covers Linesmen
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Posted: #26
pop,

I look and draw my resistance lines based on technical action, based on where a pair has stalled, some people draw lines and connect a trending line that can often fail. Like I mentioned last night, my points arent connecting trendlines.

BUT if you look at a 4 hr chart on the LB.USD pair and you can connect the tops and it looks bearish..if the pair breaks 1.43 that downtrend is broken and that bottom is actually a saucer bottom and a move back to 1.46 is in the cards.
 
All-Star
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Posted: #27
not liking a lot of anything I see
 
spent 4 hrs to eek out 42 pips from gbp/usd 
 
but thats what you get with weak indicators. 
 
kind of a crappy day all around
 
anyone got any ideas
 
 
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Posted: #28
dead on with the markets today wall... up in the morning followed by selloff .  looks like eur/usd heading down with it.  interesting to see what happens tomorrow
 
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Posted: #29
we got the boe and the fed with statements tomorrow (I think). 
 
should be interesting.
 
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Posted: #30
well not much i like on the crosses right now... waiting to see which was jpy breaks out
 
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Posted: #31
whole lotta nothing going on... seems like everything is consolidating and trading in small ranges for past couple hours
 
Covers Linesmen
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Posted: #32
Well once you guess enough I guess it can come in once in a while.


 
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Posted: #33
still dead out there... even for evenings it's slow.
 
still looking for a break of yen as shown by squeeze indicator, hopefully to the down
 
Covers Linesmen
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Posted: #34
All I see is either extended pairs or some serious floors being put in..a ton of these pairs are just sitting on high RSIs and not backing down, especially the EU and LB pairs.


 
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Posted: #35
gbp/usd is sliding finally
 
Veteran
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Posted: #36
dmi cross on aud/usd
 
sold at 1.6590 
 
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Posted: #37
at work so can't play around...put in a stop loss at 1.6650 just above the high of the last 30 days or so
 
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Posted: #38
im short on gbp/usd
long on usd/cad
 
any thoughts on what is comming from the fed this afternoon
 
 
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Posted: #39
rick not sure haven't had the chance to read up on anything. 
 
 
 
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Posted: #40
https://www.dailyfx.com/story/trading_reports/trading_news_reports/EUR_USD__Trading_the_FOMC_Interest_1237289999428.html
 
 
good summary of what to expect... havent had the chance to read it all yet and have a meeting right now, but ill be back
 
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Posted: #41
hmmmm... i would prefer to get out of my trade before the announcement today.  i would really like to login to that active trader platform from that link to see the directional bias before hand, but i cant access my fxcm account info
 
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Posted: #42
anybody around?  still in AUD... it went up all day but not much, and the cross looks good again lol.  still in at 1.6590 hopefully the cross comes this time.  strong resistance at 1.6650...thinking about averaging...
 
buck you around?
 
Covers Linesmen
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Posted: #43
I am around, nothing going on..seriously the beta has been sucked out lately..no movements of any importance.

I look at charts and see stagnation which means something crazy is about to happen.

A few lines are in the water but no hits. I dont see anything worthy of making a trade and that sucks..
 
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Posted: #44
i hear ya wall... nothing much all day... first time ive seen everything stagnant for over 24hrs like this. 
 
also, ive noticed that EUR has gon up for 8 days straight... i was reading and from what i remember EUR has gone up 9 straight days maybe ONCE EVER.  good time to short
 
averaged in my AUD.. now at 1.6605
 
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Posted: #45
hmmm... well looking at forex charts, EUR has gone up3, down 1 then up 3.  the charts i was looking at from work show it going up 8 in a row...
 
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Posted: #46
all these different charts from different sources with different closing times really mess with me
 
Covers Linesmen
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Posted: #47
I agree...it would be nice having a source that was the standard, especially for technical research.

Here is a thought..the CHF pairs have bee nin the dumps lately, like the LB pairs there for a while..I think it is worth looking into, that the CHF might come back some...I am going to see what looks best.
 
Covers Linesmen
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Posted: #48
SOB..

I had an order on short LB.CHF at 1.6625 and damn if it doesnt hit 1.6623 and reverses 80 pips down.


 
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Posted: #49
Hey Pop looking at that AUD daily it looks like youre in good shape there....i havent seen anything i like,ill check in when i get home
 
 
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Posted: #50
wall, i think i will start implementing that it my trades instead of buying at market.  it always seems to go against you at least 10-20 pips no matter how well you time an entry! (even if it sometimes costs you like that, in the long run it is definitely worth it)
 
buck  i averaged down and hit my limit overnight.  only 15pips, but 60 total with 4 lots.  i can't complain
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