Happy Friday guys! How’s everyone doing?
I don’t really trade on Fridays and the weekends but I’m just currently watching my charts and waiting for potential good entries.
The indicators for my EURUSD looks promising. I’m gonna have to wait and see how it goes.
Happy trading everyone!
Okay. So we’re now above 50 RSI so I’m gonna put in a long position for EURUSD. I’ll update you guys about how this trade goes guys.
Remember that it is the US NFP release later today…
Oh. Okay. Sorry, I didn’t know about it. I think it’s best for me to close my position and watch the moves for now. Thanks for telling me!
I wasn’t suggesting that you close it. Only that you would be aware that it is a potentially volatile release today and that you would take that into account in your decision whether to have an open USD-based position into the release or not…
Depends on whether one is actually looking for a news- type trade and/or whether one is sticking with a particular technical set up/strategy regardless of any releases, or not!
Dont you also use the ADX > 25 condition as well or is it only RSI you are using, with the crossover?
I got stopped out of the trade before I even got the chance to close it. Good thing I put in a relatively tight stop loss so I didn’t lose that much when the market moved the other way. But thank you for reminding me, Manxx! I’ll try to take note of the NFP dates in the future.
I have that on my charts too! I use it to confirm any trends. But, usually, when my crossover signals and RSI indicators match, I just go ahead and open a position.
How about you? How are you doing so far with this system?
I don’t have any open trades today, but I just wanna wish you all a happy and pip-full weekend! Talk to you guys again here tomorrow!
Wow. I just decided to check on my charts and it looks like GBPUSD’s been going up! Anybody in on this trade? Haha.
Good afternoon guys! How are yall doing?
It’s pretty hot over here (as per usual) but I’m looking forward to colder days since December’s approaching. Anyway, I’m looking at my charts now and I might open a short position for GBPUSD.
I just need it to go below the 50 RSI. The ADX is already above 20 anyway and there’s already a crossover for my moving averages.
Oooh. Super close. Haha. I’ll let you know how this trade goes!
Well, I’ll probably do a lot of waiting today cause I might also open a long position for this once it goes above the 50 RSI. Haha. Patience really is a virtue.
Okay! I went short @ 1.30825. Good luck with your trades guys!
Just an update on my GBPUSD position, I’m currently at 41 pips! Exciting. I’ll be watching this trade closely. If the market starts to move the other direction, I’m gonna close my position once it just gets to 25 pips.
Good afternoon guuuys! It’s getting more and more humid here. Hard to survive without the aircon. I hope you guys are experiencing better weather and temperature!
Anyway, I went long for EURUSD @ 1.14854. I’ll also watch this trade in case it moves in the other direction.
Also an update on my GBPUSD trade yesterday, I closed it with 22 green pips. I think it;s still pretty good!
Good luck on your positions! Have an awesome day.
Happy Thursday everyone! How are you all doing? As for me, my back has been killing me these past few days. I’m like a 23 year old with the back pains of an 80 year old. I might need to get this checked.
My EURUSD trade yesterday ended with a -1 pip so I’m just watching the moves for now.
Price seems to be dropping. I’ll wait for further confirmation before I open a short position. .
Good luck with your trades guys!
Join the club, lolz
I had to quit a labouring job a few years ago because doctors told me that my back wasn’t good enough
Oh. Sorry to hear that! I hope you’re feeling great now, though. I hope you’ve found a job that’s not as backbreaking!
Hi guys. Happy Sunday! I just decided to check in before I go to bed and see how you amazing people are doing this weekend. As I’ve mentioned before, I usually take a break from trading over the weekends and this weekend, I got to spend more time with my family! We’re all just very busy and tired during weekdays so it was nice to catch up.
I hope you guys have an amazing weekend too! Back to demo trading tomorrow.
The beginner's guide to FX trading