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- sarchin replied May 20, 2011
I've always had pretty good luck with FXtrade, and I like the service better than my other two brokers. I have FXgame but I barely use it, I use metatrader for most of my experimenting.
Is FXTrade as absolutely unsatisfactory as FXGame?
- sarchin replied May 20, 2011
I don't really care what or where the price is on any particular pair. I know I can't control the market so the best I can do is to go along for the ride... I look at my MA's and I see curves up and curves down, that tells me I can trade long and ...
What do you absolutely know about the Market?
- sarchin replied Aug 30, 2010
I know it's been awhile since I posted. I have 5 classes so sometimes I get swamped. I have the "generic ma crossover" from ronald raygun set up on the 6 charts and the 1 hr timeframe. So far it's working pretty good. ] You can check out the ...
Trading With No Candles, MA crosses only
- sarchin replied Aug 24, 2010
it appears the market didn't want to retrace and drifted lower instead. this means of course, that I am still in all 4 trades and doing nicely. I have my stops set at the 21 still which is locking in a profit of +200 pips each for eur/jpy and ...
Trading With No Candles, MA crosses only
- sarchin replied Aug 24, 2010
the 5 and 10 mas are starting to turn upwards now, so I expect all 4 trades will close sometime this afternoon, and it should start new trades in the opposite direction. Had a bit of a FFF, a couple of days ago I noticed my demo had a basic moving ...
Trading With No Candles, MA crosses only
- sarchin replied Aug 24, 2010
well, price is moving like mad this morning and I am keeping the stops tight with the 21 ma as it moves down. I would think a nice retracement is in the works, however, there is no indication on the hourly with the 5, 10 or 21 ma looking to change. ...
Trading With No Candles, MA crosses only
- sarchin replied Aug 24, 2010
eur/usd 10/21 is very close to crossing on the daily timeframe, with the gbp/usd looking 2 maybe 3 days behind it. the aud/usd is beginning to point down as well. I will continue watching these three pairs and I will post as necessary.
Trading With No Candles, MA crosses only
- sarchin replied Aug 24, 2010
only two things can happen overnight, either your trades go with you or the go against you. these four trades almost doubled overnight, of course this means a reversal for new york is more likely. eur/jpy is up 300 pips and I moved the stop for +150 ...
Trading With No Candles, MA crosses only
- sarchin replied Aug 23, 2010
I got to thinking that even though the eur/jpy, gbp/jpy, and aud/jpy trades were placed off the daily time frame then I either have to close them out when the ma's cross on the 1 hr, or miss out on trades until the daily crosses back over. so, in ...
Trading With No Candles, MA crosses only
- sarchin replied Aug 23, 2010
Trade numbers 5 and 6 — well, I put the generic ma crossover ea on the aud/usd chart and in addition to selling the bearish cross, it also closed the previous buy order (trade no. 5) for a loss of 77pips eur/jpy is up 173 pips gbp/jpy is up ...
Trading With No Candles, MA crosses only
- sarchin replied Aug 23, 2010
Trade No. 5 — the aud/usd 1hr just had a bullish cross, placed trade for one lot at .8975. This pair is nearing the top of it's range, so I would be surprised if it made pips.
Trading With No Candles, MA crosses only
- sarchin replied Aug 23, 2010
at the moment eur/jpy is up 120 pips, gbp/jpy is up 60 pips and aud/jpy is down 20 pips. in real life I would probably move some stops to lock in profit in case of a big reversal spike. however, it looks like the reversal cross would be in positive ...
Trading With No Candles, MA crosses only
- sarchin replied Aug 22, 2010
I have added a 5 ma to the eur/usd and aud/jpy charts. The eur/usd is the most traded pair and the aud/jpy usually has good volatility and I will be looking at price action. I am not going to enter a trade based off of the 5 ma but I will monitor ...
Trading With No Candles, MA crosses only
- sarchin replied Aug 22, 2010
I'm just thinking... On exiting a trade, in order to maximize profits waiting for the 10 to cross back over the 21 seems to give back a significant portion of pips. I wonder if adding a 5 MA and using a 5/10 cross to exit will improve the win ...
Trading With No Candles, MA crosses only
- sarchin replied Aug 21, 2010
Trades 2, 3, and 4 all went to +100 pips profit and the P/L was almost $3,000 when I logged on yesterday morning. Over the course of the day all three trades retraced, with the eur/jpy being the only trade still in the money. So far... 1. using a MA ...
Trading With No Candles, MA crosses only
- sarchin replied Aug 20, 2010
Trade No. 1, gbp/jpy 1hr cross closed overnight for a 52 pip profit, and the other three trades are all up nicely. The eur/usd is looking to cross tonight or in the next few days next week. the 10 ma for gbp/usd and aud/usd are pointing down as ...
Trading With No Candles, MA crosses only
- sarchin replied Aug 19, 2010
nice, i'm up $1200 already, normally I would chicken out and take some money off the table but I will continue to follow the plan. still not enough to move stops to breakeven though
Trading With No Candles, MA crosses only
- sarchin replied Aug 19, 2010
all four trades in the money at the moment.
Trading With No Candles, MA crosses only
- sarchin replied Aug 19, 2010
DHB, you're right about the direction of the market, and I would never do this on real money. Just curious is all.
Trading With No Candles, MA crosses only
- sarchin replied Aug 19, 2010
The 3 /jpy pairs closed with a cross aud/jpy sold at 76.09 with a stop at 78.02 eur/jpy sold at 109.39 with a stop at 112.38 gbp/jpy sold at 133.02 with a stop at 135.47 I will close TP when the 10 crosses back over the 21 and stops will be moved to ...
Trading With No Candles, MA crosses only