Forex intraday T/A

[caribean]

Anyone trading intraday ?
I trade using candlesticks, trendlines, fibo.
Interested in getting this Aussie forum more active, rather than be posting in an overseas one.

 

[caribean]

Are we allowed to post specifics when it is trades we are taking?
or does that constitute financial advice?

 

[prawn_86]

you can post whatever you want. its people fault if they take it as advice.

correct me if im wrong mod

 

[CanOz]

Are we allowed to post specifics when it is trades we are taking?
or does that constitute financial advise ?

I'd be interested in following your trades, post away i say!

 

[caribean]

So far a difficult week to trade for the EUR/USD (imo), except for an obvious short, which i didn't take.
Tonight might offer a trade we'll see...

 

[wayneL]

Caribean

Posting analysis and your opinion is just fine so long as it is clear that it is just that. Some put a disclaimer in their signature to that effect.

It is only if you advise or tell people to buy or sell that you run foul of the rules.

Post away.

 

[caribean]

Thank you WayneL,
options expiration today...
Last week was a trading bonanza, with some great T/A signals, this week is a different story...last night i jumped in long on EUR/USD a bit late after missing my signal, it went against me by 15 points and since price action did not look so convincing on the upside i exited with 2 points loss.
I do not hold positions overnight.
US CPI coming out tonight, so any trades i might take i will exit by then.
Good luck to you if you are trading.

 

[>Apocalypto<]

Thank you WayneL,
options expiration today...
Last week was a trading bonanza, with some great T/A signals, this week is a different story...last night i jumped in long on EUR/USD a bit late after missing my signal, it went against me by 15 points and since price action did not look so convincing on the upside i exited with 2 points loss.
I do not hold positions overnight.
US CPI coming out tonight, so any trades i might take i will exit by then.
Good luck to you if you are trading.

Rates will most liky stay the same. US

i trade FX on daliy and 4 hour three month charts never got into it on Itra yet

 

[caribean]

testing

 

[caribean]

Hi Tradeit, intra day trading is a disease and i'm infected, it doesn't suit everyone, besides if you are doing well trading the daily why spent hours in front of a computer?

 

[caribean]

 

[>Apocalypto<]

Hi Tradeit, intra day trading is a disease and i'm infected, it doesn't suit everyone, besides if you are doing well trading the daily why spent hours in front of a computer?

i itraday the xjo have fun there from time to time.

but i see alot of trades playing forex on the 15min 10min 5min. there are lots of good plays out there on the shorter time frames.

 

[nizar]

I heard forex is more suited towards daytraders (compared to stocks).

thoughts as to why this might be?

Because of the higher leverage available in forex?

 

[Edwood]

caribean - USD-EUR looks bearish near-term, but pretty bullish on the daily view imo

Nizar - probably because there is more range and currencies tend to move around predictable times (e.g., mkt open & economic data)

 

[caribean]

Nizar,take a look at XJO, DJI, DAX, etc...forex may give good trends ,but it's nothing like the indices for a good swing trade...IMHO.

 

[nizar]

take a look at XJO, DJI, DAX, etc...forex may give good trends ,but it's nothing like the indices for a good swing trade...IMHO.

The DAX is a champion,
She certainly knows how to run!

 

[caribean]

I agree Edwood, currently i'm watching the price reaction at around 13305- 13290 for a possible reversal.

 

[Edwood]

I agree Edwood, currently i'm watching the price reaction at around 13305- 13290 for a possible reversal.

yep looks fair Caribean

 

[caribean]

Do most of you use bars or candlestick charts?

 

[Edwood]

candles mostly Caribean