Lets make it another good year fellas......
"work off of 4 hr charts, use only rsi and dmi indicators, look for crosses of di+ and di-, if di+ crosses up through di- and rsi is low (around 35) then that is buy signal, if di+ crosses down through di- and rsi is high (around 70) then that is a sell signal"
So... where does the ADX come into play?
"work off of 4 hr charts, use only rsi and dmi indicators, look for crosses of di+ and di-, if di+ crosses up through di- and rsi is low (around 35) then that is buy signal, if di+ crosses down through di- and rsi is high (around 70) then that is a sell signal"
So... where does the ADX come into play?
eur/jpy looks like a good sell candidate. rsi around 66, di+ and adx both at 29, if di+ drops below adx i'm getting in for a sell.
also keeping an eye on nzd/usd. rsi around 68. looks like d+ crossed adx recently on way up. d+ at 33, adx at 31. if d+ crosses back down below adx then i'm in for a sell on that also.
eur/jpy looks like a good sell candidate. rsi around 66, di+ and adx both at 29, if di+ drops below adx i'm getting in for a sell.
also keeping an eye on nzd/usd. rsi around 68. looks like d+ crossed adx recently on way up. d+ at 33, adx at 31. if d+ crosses back down below adx then i'm in for a sell on that also.
I used to be a commodities pool operator, what is the difference between having a forex account vs. an account at LindWaldock(who I used)? Are the margins different? Right now, at brokerage house, margin for 1 euro(fx) contract is $3240 and obviously that would control 125,000 euros 1 pip or 1.4418 to 1.4419 is $12.50 how is it different on the forex?
btw this week should be weak for the US $, should see a strong advance in euro for example, but it will be shortlived and I still expect euro to test 1.4000
bucknuts thanks for any help
I used to be a commodities pool operator, what is the difference between having a forex account vs. an account at LindWaldock(who I used)? Are the margins different? Right now, at brokerage house, margin for 1 euro(fx) contract is $3240 and obviously that would control 125,000 euros 1 pip or 1.4418 to 1.4419 is $12.50 how is it different on the forex?
btw this week should be weak for the US $, should see a strong advance in euro for example, but it will be shortlived and I still expect euro to test 1.4000
bucknuts thanks for any help
eur/jpy has gone against me so far, went as far as 40 pips to the negative, now sitting about 25 pips from where i opened my position. should've looked closer for a better entry point.
nzd/usd still looking like it may come into play later today. di+ at 38, adx at 34, rsi at 76. i'm waiting to see how that's gonna play out. hopefully ill get to close my eur/jpy position in the black and jump in on nzd/usd right after.
eur/jpy has gone against me so far, went as far as 40 pips to the negative, now sitting about 25 pips from where i opened my position. should've looked closer for a better entry point.
nzd/usd still looking like it may come into play later today. di+ at 38, adx at 34, rsi at 76. i'm waiting to see how that's gonna play out. hopefully ill get to close my eur/jpy position in the black and jump in on nzd/usd right after.
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