Quote from cabletrader:
As for forex-forex, the guy's never placed a live trade that made any money! "trading guru", lol, yeah right! He follows us around like a little lost puppy bless him
Yes, that he does. Poor guy.
Cool overlay charts BTW.
Ivan's Trade Thread, part II
- Thread starter Ivanovich
- Start date
Yes, that he does. Poor guy.
Cool overlay charts BTW.
They're good aren't they, very handy, but I still can't make it so they are either both bars or both candles. Mind you maybe it's better if they're different so they stand out.
That's actually a pretty good point man. Especially for a knucklehead like me.
Oh, BTW Mt4 is free so that's always a huge plus...but Ensign charts have an overlay option as well that is customizable. It's like $39 a month with free FX data. But man oh man you can do some wild shit with Ensign.
Quote from rsikit:
for today it does seem the dow is leading yes. Also been watching the u/j due to risk aversion and usd cad which seems to be inverse the dow on the spikes, like on the 15 min chart on the usdcad had a nice spike at 1pm eastern time when the dow hit lows, and then reversed, those are the extreme moves I like to fade. I am still learning the correlations with different things to watch but it seems to change all the time
You are spot on. I have been watching ES and USD.CAD -- it's a flight to quality thing going on for weeks now, it seems. Whenever ES looks like it's plunging, USD gets bid up. Today I sold USD.CAD 1.2444 around 1pm (same time when ES made the low) and covered 1.2171 around 3:30pm. 270 pips in 2.5 hrs makes it a very nice trade - a lot better than yesterday when I was trying to pick bottoms in ES all day and getting stopped out. Too bad yesterday's experience made me disgusted w/ ES and kept me away from the ES long trade at 1 pm today. That would have been sweet indeed. But I can't complain.
Haven't been watching other currencies much but I was thinking they all behave in tandem. However GBP made the bottom about 20 min later around 1.20pm for some reason -- so might have gotten shaken out if went long at 1pm. EUR bottomed 1 pm too. Crazy moves.
Good trading guys.
Not bad Reaver, but just started to look at it recently. It seems to depend on the de jour of the day whether it be our markets or a commodity like oil. I am trying to get a hang of the general correlations in FX. So we shall see. In the normal days, well I guess we havent had one of those in a while, it seems it doesnt make much a difference and s/r rules but days like today if I can find something that leads like the dow I will look for it and wont follow it blindly. Like I said I am new to fx, I come from emini trading. So still getting my fx personality sort of speak. Today I used the dow, when it started to hit the lows and come up it stopped me from shorting, becuase I was playing the range of the euro all morning. So whne the dow kept going I figured something bigger picture maybe going on so I refrained from shorting and fading and then looked for breaks of resistence in the dow/sp and euro to go long euro on a pull back. But honestly after the Euro spiked the 100 pips, I couldnt find a pullback that made me feel comfortable buying it even though the equities were roaring back. It was the feeling of wow, its gone up this much this quick maybe needs to correct itself. So I did well off the little moves this morning. But I stayed out in the afternoon mostly. My problem was , looking at the 15 min and I never switchd to a lower time frame to get a good buy the dip. I just looked at the 5 min and see that after the big spike it built a new support and kept stair stepping up which was very tradeable. Live and learn I guess.
Quote from cabletrader:
Hey, good call, did you take it?
Summonabitch!! I had to work.
Still, a nice call, thank you.
I had a 15 min. 30 min. 1 hr and 3 hr. with confirmation on all 4.
And a 3 hr trendline that was broken on the pullback during the drop. Looks like it's reversing as I type. Off s/r line at approx 9100.
Do you have a link to this "stalking" post that you mention?
If it's just a reply to a post then 90% of ET members are "stalkers" and I have probably "stalked" 100+ ET members since 2006 under your loose definition of a "stalker".
forex-forex
---------------
Trading guru
Cool bro thanks for the info. And like you said: live and learn. Keep us posted.
P.S Just ignore forex-forex. Don't actually put him on ignore, because it's fun to see what stupidity he will post, but just ignore him. He'll start sending you PM's and stuff like crazy. It goes in cycles...you won't hear anything for a week or so, then he'll send you literally 5-10 PM's one day and start following you around the forum posting stuff behind you. Weird. Oh well. Harmless and entertaining.