Daily EUR/USD trades

Discussion in 'Forex' started by romik, Nov 23, 2006.

  1. romik

    romik

    Could you maybe post a chart here, I would like to see as I don't have it on this program, thanks again.
     
    #141     Nov 28, 2006
  2. Buy1Sell2

    Buy1Sell2

     
    #142     Nov 28, 2006
  3. romik

    romik

    What rules do you personally follow when analysing DMI and I assume daily would be your minimum TF?
     
    #143     Nov 28, 2006
  4. Buy1Sell2

    Buy1Sell2

    DMI is best on daily and wekly charts. 240 maybe. It is more of a confirmation of signals that I have already taken and tends to help kep me in a trade. I would look at the ADX rising 4 ponts from it's low point as a confirmation and at that point you only look for one direction of trades to add to your position. If Blue line is the high line, then longs and vice versa.
     
    #144     Nov 28, 2006
  5. Giddyup, Euro! Rise to the sky! I'm loving the show :)
     
    #145     Nov 28, 2006
  6. Buy1Sell2

    Buy1Sell2

    I thought you weren't in.
     
    #146     Nov 28, 2006
  7. romik

    romik

    And last one B1, what about a presence of a divergence vs ADX above DI+, like on ESZ6 daily at the moment? Which one is a stronger signal IYO?
     
    #147     Nov 28, 2006
  8. I'm not in EUR/USD. I've been unable to press the buy key. The sheer stupidity of the move and r/r ratio is over riding the greed initiative center of my brain.

    But I managed to eek a long AUD/USD position, a short USD/CAD position and a couple of cross plays.

    I just want the EUR to go up and up until the market shoots itself in the foot by making the ECB back off. I love it when that happens.
     
    #148     Nov 28, 2006
  9. Buy1Sell2

    Buy1Sell2

    I always defer to RSI before DMI although you can have divergences in DMI since the DI+ is the same type of indicator as RSI.
     
    #149     Nov 28, 2006
  10. romik

    romik

    holding position, same stop at the moment.
     
    #150     Nov 28, 2006