Ivan's Trade Thread, part II

Discussion in 'Forex' started by Ivanovich, Sep 12, 2008.

  1. Yes, that he does. Poor guy.

    Cool overlay charts BTW.
     
    #661     Nov 13, 2008
  2. 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.
     
    #662     Nov 13, 2008
  3. That's actually a pretty good point man. Especially for a knucklehead like me. :p

    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.
     
    #663     Nov 13, 2008
  4. Cable I think it migh better like it is becuase your right it does stand out that the chart types are different, if they were just bars for instance, it would blend in with each other. But I like thos charts alot, thanks! That will help when I am trading
     
    #664     Nov 13, 2008
  5. 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.
     
    #665     Nov 13, 2008
  6. Hey how's that index tracking working out so far?
     
    #666     Nov 13, 2008
  7. 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.
     
    #667     Nov 13, 2008
  8. 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.
     
    #668     Nov 13, 2008
  9. 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 :)
     
    #669     Nov 13, 2008
  10. 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.
     
    #670     Nov 14, 2008