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Author Topic: TA Forex Trading  (Read 16071 times)

Heavyweight

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Re: TA Forex Trading
« Reply #1275 on: April 02, 2017, 04:25:02 pm »
Geez Jav....I'm staying away from you.

Pennies2007

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Re: TA Forex Trading
« Reply #1276 on: April 02, 2017, 05:00:33 pm »
Evening gang. Jav, sounds like you've been through Hell and back...and brought the fire back with you...LOL!

Ok guys, I've been looking back over the USD/MXN chart this evening and I decided its just another currency pair like anything else. And currently, it's still in a prime position to pop hard to the north before much longer. As soon as the spreads settle back down to normal after the open (spreads are about 600 pips right now), I'll go long again. But I won't be aiming all the way up to 1.22. Instead I'll be aiming for 20.70 or so as a TP from current levels.

Pennies2007

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Re: TA Forex Trading
« Reply #1277 on: April 02, 2017, 05:12:48 pm »
Ok spreads are down on USD/MXN to about 140 pips or so...close enough. I went long at 18.73123. TP is set for 20.70, almost 20,000 pips up from here. Let's see if I can hold it that long...LOL!

Heavyweight

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Re: TA Forex Trading
« Reply #1278 on: April 02, 2017, 07:00:30 pm »
Pennies, I've finally found that usd/mxn on the oanda web based platform. Looks like 18.30 would be the ideal entry. Just my opinion though.

Pennies2007

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Re: TA Forex Trading
« Reply #1279 on: April 02, 2017, 07:02:26 pm »
Yep Heavy I saw that level as well. I'm willing to hold it even of it drops to that level first.

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Heavyweight

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Re: TA Forex Trading
« Reply #1280 on: April 02, 2017, 07:05:24 pm »
153 pip spread now? Wow!! I don't think I have the stomach for that Lol

ForexTrader

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Re: TA Forex Trading
« Reply #1281 on: April 02, 2017, 07:12:14 pm »
153 pip spread now? Wow!! I don't think I have the stomach for that Lol

its not that big of a deal.  you wouldnt be trading it at the $/pip like you would on say Eurusd. 

Heavyweight

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Re: TA Forex Trading
« Reply #1282 on: April 02, 2017, 07:16:03 pm »
I'll be watching it. If it hits that 18.30 level I may jump in small

Pennies2007

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Re: TA Forex Trading
« Reply #1283 on: April 02, 2017, 08:07:03 pm »
153 pip spread now? Wow!! I don't think I have the stomach for that Lol

its not that big of a deal.  you wouldnt be trading it at the $/pip like you would on say Eurusd.

Very true, Forex Trader. Its all relative. This thing averages about 2000 or more pips a day ADR so 100 to 200 pips on the spread really isn't much. Plus, Oanda doesn't allow as much margin to be used on the exotic pairs so that keeps you in small overall...only a couple of pennies a pip at best.

Pennies2007

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Re: TA Forex Trading
« Reply #1284 on: April 03, 2017, 07:24:53 am »
The world is bearish on EU so of course I have to take a small long position here at 1.0662. I'm sure I'm early since I can see a possible retest of 1.06 coming. Lets see how it goes. No guts, no glory...lol!

I still see a topside potential in the 1.14 area.

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« Last Edit: April 03, 2017, 07:26:30 am by Pennies2007 »

quanticopious15

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Re: TA Forex Trading
« Reply #1285 on: April 03, 2017, 08:41:18 am »
Jav.......that's crazy!    Good thing you didn't have a samsung phone or it could have been a lot worse!   lol     

The good thing, if there is a good thing in that situation is that you only have to wait four months to get a new phone instead of what might have many more months.    Can't unseen those pics!  LOL   Glad you're ok through it all.   
« Last Edit: April 03, 2017, 08:51:49 am by quanticopious15 »

quanticopious15

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Re: TA Forex Trading
« Reply #1286 on: April 03, 2017, 08:51:23 am »
Wishing I had gone short on USD/MXN back at the first week of January when I was thinking hard about doing so.    And now I don't know if a long is a great idea or not.     Think I'll leave it for you braver traders.     I'll stick to my USD/DKK short.    It's small and I'll add later when price is at a good weekly reversal point.   

Pennies2007

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Re: TA Forex Trading
« Reply #1287 on: April 03, 2017, 09:56:41 am »
Took 76 pips profit on a UJ flipper short. Still holding the rest for a TP at 108.

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Heavyweight

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Re: TA Forex Trading
« Reply #1288 on: April 03, 2017, 09:58:17 am »
Good idea on EU pennies. I'm waiting for it to hit the 1.06 level or close to it though.

Pennies2007

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Re: TA Forex Trading
« Reply #1289 on: April 03, 2017, 09:59:03 am »
You know me Heavy... I'm always early to the party...lol!

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TA Forex Trading by Heavyweight
September 30, 2018, 11:48:51 pm