Forex trading live calls and set ups

[vinicius]

dont think will have to worry about that too much

Id like to know the reason why you went long there.. :smart:

 

[wackypete2]

short usdcad .9844 stop .9858

 

[Dinos]

Joining you on this one Wacky, short @ ..9847, stop .9859

 

[Dinos]

Not an fx trade, but gone long ftse 5742

 

[Dinos]

Joining you on this one Wacky, short @ ..9847, stop .9859

Nothing brave or exciting, out +10:cheesy:

 

[wackypete2]

hanging on for a bit...

Peter

 

[DDI]

Id like to know the reason why you went long there.. :smart:

stopped for -38. I trade using DMI/ADX. basically theory says if +DMI (green line) is above 25 bulls are dominant. if -DMI (red dotted) is above 25, means bears are dominant. And if ADX (thick purple) is above 25 trend is strong.

My favourite set ups is where at a time of strong trend,

1) price has retraced towards 20 or 50ma,
2) the non-dominant DMI rises to challenge for dominance but fails and falls back down (marked x) meaning bears rejected
3) price has made a structural pivot reversal
4) the dominant DMI peaks start to rise.
5) ADX to turn back up

This trade looked to be ok (although condition 5 was not met) and at least challenging the previous high of 14280 but a spike in AUD ruined it.

 

[wackypete2]

exit at BE

Peter

 

[Lord Flasheart]

afternoon guys
short eurchf at 1.2789 sl 25

not a supertrend trade

 

[Lord Flasheart]

short aud/usd at 9936 sl 20

not a supertrend,just good hunches i hope

 

[Lord Flasheart]

heres why

 

[wackypete2]

eurusd has barely budged all morning.

Peter

 

[Pat494]

That's what happens when i'm left alone with a pc.

problem is more likely to be an impulsive disorder of some kind though, rather then an attention span issue.

Don't know what to suggest but I have been jerked about by the markets too.

Probably time for a general re-think of strategies and time on the demo machine ?

 

[wackypete2]

Don't know what to suggest but I have been jerked about by the markets too.

Probably time for a general re-think of strategies and time on the demo machine ?

It's just the news spikes. anytime someone on TV says "Japan" the markets jump. Kinda like saying "BOO!"

Nice to see you here, Pat!

Peter

 

[Pat494]

It's just the news spikes. anytime someone on TV says "Japan" the markets jump. Kinda like saying "BOO!"

Nice to see you here, Pat!

Peter

Hi Peter
Hope you are doing OK
I am a bit of a newbie on forex but hope springs .........etc.

 

[DDI]

It's just the news spikes. anytime someone on TV says "Japan" the markets jump. Kinda like saying "BOO!"

Nice to see you here, Pat!

Peter

yup. Perhaps its prudent not to trade as almost all markets are susceptible to a spike from Japan/Bahrain/Libya.

I bet the spikes in AUD and NZD crosses (that stopped me out of euraud) had something to do with japan.

I really should leave it as we are in news mode (eg non-farm/FOMC) pretty much all the time...but I cant as am hooked!

 

[Lord Flasheart]

afternoon guys
short eurchf at 1.2789 sl 25

not a supertrend trade

1/2 off +20 rest to b/e

 

[wackypete2]

I have barely traded this week. Too perilous and I don't really need to be in the markets so I can wait it out a bit. I'd rather wait than get too banged up.

Peter

 

[vinicius]

I am long and looking for a break at 1.62.. ! Target is 1.6330

:clap:

 

[vinicius]

long at 1.40