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Only 361 shopping days b4 xmas......FOREX

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Captain
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Posted: #201
100k is a standard account...if you started with 2k youll have to talk to somebody on Sunday and have them adjust your account to where youre buying 10k lots
 
Prospect
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Posted: #202
thanks bud
 
Prospect
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Posted: #203
Buck

Which charts displays do you use to see and monitor movement? So far I will be using the forex.com one that comes with the demo account. But do u use others?
 
Captain
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Posted: #204

I use the charts on their platform and thats it....i like to use the 4hr chart and ill check shorter times for my entry

There a bunch of nice charts right now i dont which one i want to get in....

 
Prospect
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Posted: #205
thanks Buck
 
Captain
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Posted: #206
I like the cross in USD/CHF but ive sworn off this pair...calling a sell here at 1.0276....i like several charts but all the dailys look to be opposite of what i see on the 4hr charts
 
Covers Linesmen
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Posted: #207
Man that is rough..

I have a hard time selling the CHF way down here..will they let it go to PAR?


 
Hall of Fame
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Posted: #208
So you shorting that USD/CHF buck?  I'll join you on it
 
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Posted: #209
Ah screw it.. sold USD/CHF at 1.027

Going to set a stop and limit though:

Stop loss at 1.0316

Limit at 1.0220

Let's start off the week on the right foot fellas.
 
Captain
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Posted: #210

I like a short of based on the charts...sorry was out for a bit there...i didnt jump in myself ...i just never have any luck with the pair...

Its crossing on the 4hr and daily though so i think you should be able to get 50 here Ice

 
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Posted: #211
yeah, the way it looks buck it's either go down, or retrace back to where it was on January 8th, when it hit a high of 1.365.  It's that retracement potential that is concerning me a bit.  I figure if I hit the stop I put, I'll wait till it drives higher and then sell at that point.
 
Captain
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Posted: #212
I like the plan Ice...
 
Captain
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Posted: #213
Im off to bed.....ill check the charts in the morn b4 i head out for work....GL in the afternoon fellas
 
Captain
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Posted: #214

FXinsider called out the 200hr SMA at 1.0237 or so Ice...may provide support...so might want to get out around that level...

See you guys later today

 
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Posted: #215
Thanks buck, I'll get out around that level.

So far, so good though, I'm up 18 pips.... I can't complain
 
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Posted: #216
mataf.net called a BUY on USD/CHF.. glad I listened to you
 
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Posted: #217
Just hit my revised limit.  In and out with 33 pips.  no complaints, although I can see this pair trading lower.  Will keep an eye on it, and might jump back in at some point.

Thanks again buck
 
Captain
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Posted: #218

Good trade ICE...looks like you got out right at the bottom too..I used one of Matts trades and sold EUR/GBP...out already cut myself out of a few pips but no biggie..

 

I dont see anything i like at the moment but im sure something will happen b4 the night is over

 

 
Prospect
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Posted: #219
eur/usd looking good right now
 
Captain
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Posted: #220

I still dont see anything i like yet....maybe a top in GBP around 1.6460s???

IDK

 
Captain
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Posted: #221
1.6440s actually looking like resistance...looking to short there maybe set an IF THEN order
 
Covers Linesmen
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Posted: #222
Here is something to consider..

The European markets were up today on some bullcrap merger buzz, I would expect the USM to be up tomorrow too..If the USM is up initially but not strongly I might suggest taking a counter position within the first two market hours as they might try to reverse it and go lower..so that would be long the US pair.

Now if there is some awesome news, then scrap that whole theory..if no news and a marginal opening I would go long the USD..especially against the higher beta ones like the AUD and the LB, but less so on the Yen or the CHF..


 
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Posted: #223
Hey Wall, what do you mean by USM?  Sorry if it's a dumb question.

I'm gonna keep an eye on the GBP buck, I'll sell at that spot as well. 
 
Captain
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Posted: #224

Well i thought Sunday this pair would be a good short looking at the daily but if you look even further at the weekly GBP/USD is about to have an UP cross so maybe 1.68 if it comes through...NOT sure which way itll go now really..

 
 
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Posted: #225
Alright buck, like with wagering, sometimes the best move is no move and look for better opportunities.  It's still early anyhow, I'm sure something juicy will turn up overnight (around the 3 am time period.)
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