I feel ya Rick....my EUR/CHF trade was a lame duck as well....got to within 7-8 pips of giving me my limit...i jumped out with 7 pips
I dont see much of anything yet today...holding that POS caused me to miss a nice cross in EUR/USD...maybe a sell of JPY if it can push back up to 9330 again
LT i wouldve held on or averaged my way out of that trade but that me...im not sure what broker youre with but they prob have daily tech reviews with the pivot points...all kinds of helpful tools to make your trades easier
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I feel ya Rick....my EUR/CHF trade was a lame duck as well....got to within 7-8 pips of giving me my limit...i jumped out with 7 pips
I dont see much of anything yet today...holding that POS caused me to miss a nice cross in EUR/USD...maybe a sell of JPY if it can push back up to 9330 again
LT i wouldve held on or averaged my way out of that trade but that me...im not sure what broker youre with but they prob have daily tech reviews with the pivot points...all kinds of helpful tools to make your trades easier
Ive seen some good and bad reviews of forex.com over the last few years but ive had no problems with the platform,customer service is great and theyve been around as long or longer than most of the other brokers...and you can open an account with the UK branch to avoid some of the regulations they slapped on us..
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Ive seen some good and bad reviews of forex.com over the last few years but ive had no problems with the platform,customer service is great and theyve been around as long or longer than most of the other brokers...and you can open an account with the UK branch to avoid some of the regulations they slapped on us..
how long have u been with forex.com? have u gotten to the point where u are withdrawing money, or still letting it ride to build the bankroll? they are easy to get money into, i'm just not sure about getting money out when the time comes. i've read some pretty shitty reviews of them, but haven't had any problems at all (other than losing money due to my own lack of knowledge
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how long have u been with forex.com? have u gotten to the point where u are withdrawing money, or still letting it ride to build the bankroll? they are easy to get money into, i'm just not sure about getting money out when the time comes. i've read some pretty shitty reviews of them, but haven't had any problems at all (other than losing money due to my own lack of knowledge
buck...how strong does the rsi factor into your trades? i've been trying to find trades with the di crosses and rsi that agrees, but have seen a few where there would be a cross but rsi would be on other end of spectrum.
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buck...how strong does the rsi factor into your trades? i've been trying to find trades with the di crosses and rsi that agrees, but have seen a few where there would be a cross but rsi would be on other end of spectrum.
A positive report would raise the USD, thus making aud/usd a sell The DMI cross would set up, but very quickly, the rsi is a bit low, and it seems to be resting on the .9152 fib line. A positive report would send it pretty quickly to the 61.8 line ,
A trick I have been using for a while going into reports is to set up a sell or buy (depending on which way I think it will go) about 15-20 pips above or bellow the current price.
If the report is positive then it will buy on the way down, and if it is negative, I don't pay the spread or however much it runs in the first minute.
IF you look at releases they are measured in 20 min intervals after the report is released. you are not missing out on a lot of pips (in the long run) if you wait for confirmation.
I cant believe I have to go play army on such a good report day.
There are a whole slew of reports coming out tomorrow including unemployment and NFP. (two of the most important reports period)
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A positive report would raise the USD, thus making aud/usd a sell The DMI cross would set up, but very quickly, the rsi is a bit low, and it seems to be resting on the .9152 fib line. A positive report would send it pretty quickly to the 61.8 line ,
A trick I have been using for a while going into reports is to set up a sell or buy (depending on which way I think it will go) about 15-20 pips above or bellow the current price.
If the report is positive then it will buy on the way down, and if it is negative, I don't pay the spread or however much it runs in the first minute.
IF you look at releases they are measured in 20 min intervals after the report is released. you are not missing out on a lot of pips (in the long run) if you wait for confirmation.
I cant believe I have to go play army on such a good report day.
There are a whole slew of reports coming out tomorrow including unemployment and NFP. (two of the most important reports period)
right now the feeling out there is that the NFP will stay the same, but at the same time the Unemployment numbers are coming, and they are expecting a slight raise.
I am expecting a larger raise in unemployment, due to the fact that most construction companies I have ever worked with have laid people off before Christmas, and then rehired them in Jan or Feb. Dont take this as gold, but at my company alone they laid off 300 at the end of December (me included).
I would say that both of those reports are going to be dynamite when they hit, and I dont want to be standing anywhere near it when it does.
Look at the calendar Link
see the release Link
then sit back and wait for confirmation, and take a position when there is less chance of capital damage.
I have gotten burned taking positions on speculation before releases.
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right now the feeling out there is that the NFP will stay the same, but at the same time the Unemployment numbers are coming, and they are expecting a slight raise.
I am expecting a larger raise in unemployment, due to the fact that most construction companies I have ever worked with have laid people off before Christmas, and then rehired them in Jan or Feb. Dont take this as gold, but at my company alone they laid off 300 at the end of December (me included).
I would say that both of those reports are going to be dynamite when they hit, and I dont want to be standing anywhere near it when it does.
Look at the calendar Link
see the release Link
then sit back and wait for confirmation, and take a position when there is less chance of capital damage.
I have gotten burned taking positions on speculation before releases.
What kind of move can that news do to a trade in general? 50 pips 25 pips 100 pips +/-. I know there is no right answer but what have you noticed in the past?
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What kind of move can that news do to a trade in general? 50 pips 25 pips 100 pips +/-. I know there is no right answer but what have you noticed in the past?
I was out LT sorry for the late response...Ive been with them for almost 4 years...no problem getting $$$...
News can move these pairs quickly..100 pips in mins sometimes...you can look through the charts and see candles of 100 pips on the 1 hr charts...not common but it happens...always best to wait to hear the news like Rick said..
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I was out LT sorry for the late response...Ive been with them for almost 4 years...no problem getting $$$...
News can move these pairs quickly..100 pips in mins sometimes...you can look through the charts and see candles of 100 pips on the 1 hr charts...not common but it happens...always best to wait to hear the news like Rick said..
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