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Brazilian - that's alittle different. I am watching the U/Jpy - I like to short it
I do like the short play on Kiwi - I do not see it crossing the 50 sma on the daily - it is unable to make a new high from its high in July - I see .7800 long term
There is not enough volatility to drive price right now. Kiwi is just sitting below the indicator. It is tempting to sell it again at .8032 - if price pops back up past .8035 then it is out of the indicator again
Agreed there is a lot of volatility at those times driving price. I have opened 18 trades in last few days - 14 wins 4 losses average win 25 pips average loss 16 pips total pips won 279 total pips lost 65. Average wins 78%. Trying to streamline this strategy. The strategy is okay during slow times, but those volatile times is where I am picking up the most wins
Yen short okay, stomped out of E/Usd at 1.3235. Will buy Euro again at 1.3244 stop 1.32 25
Bought E/USD at 1.3256 stop 1.3235
Kiwi hit .7940. My trade closed at .7962 for 66 pip profit. Shorting Yen at 98.13. Stop 98.35
I am thinking kiwi will be closer to .7940, but I will leave my take profit at .7962
Changing the take profit to .7962 on Kiwi
Ipre will try short on kiwi at .8026, stop .8050 target .7980
If you like the idea of the system then go to tradeinterceptor. I loaded 8 charts onto my screen the top four are E/U, G/U, A/U and N/U. The bottom four are U/Chf, U/J, U/Cad, and Eur/Jpy. The top four usually run in the same direction as the bottom four usually run in the same direction - usually not always. Then I alarm all the charts to the green alligator line on the 15 min. All the chart views are in Heikin Ashi, all have the alligator and 50sma indicators. This way you can watch for potential trades over 8 charts vs one on investing.com. MT4 systems a little more complicated but perform the same tasks as above
http://www.investing.com/charts/real-time-forex-charts
Try this website Geo. put a 15 min chart on, go to studies, then into system manager. Place an alligator indicator on chart - under period add Area to jaw and lips, leave teeth as a line. Then add a 50sma in black under period, change to Area and make it black. I like the fact that as price leaves the shaded area or goes into the shaded area it becomes obvious which way to trade the instrument.
Lol. I think you do okay playing the markets. I like this strategy I am using - the only kinks to work out is user error - anticipating the move before it happens. I am off next week will post some more plays and see if I can get my win average up. The play that may be interesting is kiwi hitting the 50 sma on the day at .8049. Aussie and U/Cad are also at the same crossroads on the daily.
The pound is in play - my 5 min chart is throwing a signal at 1.5541 for a buy target 1.5625
There are lots of sites, I believe IHub has a fairly good one here, babypips if you want the basic knowledge how they trade. Lots of demo accounts avail out there FXCM is one. You will be able to load their platform to view the currencies. My Aussie hit target for 28 pip profit. Kiwi was 5 pips short of target - I left it in play with a stop just above .8000. Leaving the Yen short in play also
I am going to short the Yen at 96.71 to 96.42 - looks like it is starting to fade on the 5 min chart
I hope I do too, Geo Simple indicator but effective.
Yen buy closed for 47 pip profit. Aussie and Kiwi short still in play
In the green with my Yen buy. Aussie on the line. Adding a short to Kiwi at .8029 looking for .7980
Aussie enter sell at .9120
I am going to add a short on Aussie as it meets the criteria on the 5 min chart looking for .9091 stop .9140
slid 14 pips on me, now at 96.21 aiming for 96.40
Lets try a buy on the U/JPY at 95.93.
Okay Yen hit 96.92 - 42 pips up but not the 97.41 I hoped for and Kiwi went down to .7932 2 pips from target - right direction initially.
Bear with me Ipre I am working through a strategy - Lets try the U/jpy at a buy 96.50 target 97.41 - current account coming out in 40 min. NZD/USD would be a sell at .7958 targeting .7930
Hey Ipre doing well I hope. I am long Aussie .8950 stop target .9040.
Yes I scored on the U/Cad short as well. The next US bond auction is Feb 13th - just got an alert from Moodys warning that the US cannot sustain a rise in the yield. Good for you.
Agreed. I am playing a short on U/Cad.
I played E/J. There is little talk of Japan lifting their reserve interest rate which should strengthen the yen again.
Hey Ipre still trading currencies, what about yourself
So Ipre Aussie touched 1.0624 and has sank back down to crosstrend - if the crosstrend will hold at 1.456 then this will be a good time to go long again
Ipre if Aussie holds 1.0543 then next fib level at a.0594 then 1.0660 - FOMC put another stimulus pkg out - MBS for a QE3 till 2015 or they can get unemplyment under controll. Aussie should be good play till towards end of month - waiting for their cash rate day for a possible 25bp cut
tomorrow fomc going to be very volatile markets and forex
Ipre talk to me
Ipre - missed you
I am back - lets talk forex
looking or more likely hoping for usd to fail to 95.13 with a long target of 94.85 if usd stays below 96.11
unbelievable
E/U target 141.20