guys that trade FOREX - GoFuckYourself.com

Antonio · 11-20-2008, 09:36 AM

what time frame do you use and what indicators

also what software did you use to train with your demo account, I'm trying MetaTrader, the no shortcut for closing a trade puzzles me though, you know like selcet trade nad hit say F7 to close it, as it is I have to do at least 2 clicks to do that

Antonio · 11-20-2008, 09:37 AM

also what time frames do you watch, if you trade on the ONE hour do you have the 4 HOUR and 1 DAY ones opened too or something else?

MrPinks · 11-20-2008, 10:01 AM

bump. Can you still make money on this?

L0stMind · 11-20-2008, 10:10 AM

yah you can make money at this.

I used GFT before but am now using mt4.

I watch the 15 min chart and watch trends on the 30, 60 min and 4 hour charts. If I enter a trade and have the room and growth is good, I'll move my stoploss up above my entry and remove the take profit and switch to the 30 min chart and let the trade ride. I don't like to carry trades overnight though.

Antonio · 11-20-2008, 11:23 AM

Quote:

Originally Posted by L0stMind

If I enter a trade and have the room and growth is good, I'll move my stoploss up above my entry and remove the take profit and switch to the 30 min chart and let the trade ride

ha, that's pretty clever, thanks for sharing

Myst · 11-20-2008, 11:46 AM

what site do you guys use?

marketsmart · 11-20-2008, 12:00 PM

metatrader... and right now i would follow trends and cost average down at the -50 pip and then -80 to -100 pip thereafter..

i only trade the usd/jpy right now, but normally trade eur/jpy gbp/jpy and usd/jpy..

this month has been pretty nice.. lots of nice up/down flows

i use all time frames. 15 min 30 min 1hr 4hr and daily to establish trend patterns.

i usually use 15 min chart to exit trades when i am in the money

marketsmart · 11-20-2008, 12:01 PM

i also use trailing stops on all my trades set at 15 pips..

halfpint · 11-20-2008, 12:02 PM

I watch the 15 min indicators and also always look at the weekly and monthly charts just to get a feel of what the pairs have been doing.For my real account I use fxcm.com and for the practice account I used forex.com

yep you can make money with forex but you can also loose it pretty quick

WiredGuy · 11-20-2008, 01:38 PM

Quote:

Originally Posted by marketsmart

metatrader... and right now i would follow trends and cost average down at the -50 pip and then -80 to -100 pip thereafter..

i only trade the usd/jpy right now, but normally trade eur/jpy gbp/jpy and usd/jpy..

this month has been pretty nice.. lots of nice up/down flows

i use all time frames. 15 min 30 min 1hr 4hr and daily to establish trend patterns.

i usually use 15 min chart to exit trades when i am in the money

Why are you focusing on jpy as a primary currency?
WG

marketsmart · 11-20-2008, 01:51 PM

Quote:

Originally Posted by WiredGuy

Why are you focusing on jpy as a primary currency?
WG

the base indicators i use were written for the yen pairs. the additional custom indicators i had written were also based on the yen.

on occassion i will trade other pairs, but right now i find the yen very predictable..

11-20-2008, 09:36 AM	#1
Antonio Too lazy to set a custom title Join Date: Oct 2001 Location: Spartaaaaaaaaa Posts: 14,136	guys that trade FOREX what time frame do you use and what indicators also what software did you use to train with your demo account, I'm trying MetaTrader, the no shortcut for closing a trade puzzles me though, you know like selcet trade nad hit say F7 to close it, as it is I have to do at least 2 clicks to do that

11-20-2008, 10:10 AM	#4
L0stMind Confirmed User Join Date: Sep 2002 Location: Vancity Posts: 1,681	yah you can make money at this. I used GFT before but am now using mt4. I watch the 15 min chart and watch trends on the 30, 60 min and 4 hour charts. If I enter a trade and have the room and growth is good, I'll move my stoploss up above my entry and remove the take profit and switch to the 30 min chart and let the trade ride. I don't like to carry trades overnight though. __________________ http://cashcore.com - Make Money. http://ezprovider.net - Hosting.

11-20-2008, 11:46 AM	#6
Myst Confirmed User Join Date: Feb 2004 Location: Alberta, Canada Posts: 4,707	what site do you guys use? __________________ ICQ: 298-523-037

11-20-2008, 12:02 PM	#9
halfpint GFY's Halfpint Industry Role: Join Date: Jun 2007 Location: UK Posts: 15,223	I watch the 15 min indicators and also always look at the weekly and monthly charts just to get a feel of what the pairs have been doing.For my real account I use fxcm.com and for the practice account I used forex.com yep you can make money with forex but you can also loose it pretty quick __________________ Get FREE website listings on Cryptocoinshops.net Last edited by halfpint; 11-20-2008 at 12:05 PM..

11-20-2008, 09:37 AM	#2
Antonio Too lazy to set a custom title Join Date: Oct 2001 Location: Spartaaaaaaaaa Posts: 14,136	also what time frames do you watch, if you trade on the ONE hour do you have the 4 HOUR and 1 DAY ones opened too or something else?

11-20-2008, 10:01 AM	#3
MrPinks Registered User Join Date: Oct 2003 Location: FL Posts: 1,767	bump. Can you still make money on this?

11-20-2008, 12:00 PM	#7
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	metatrader... and right now i would follow trends and cost average down at the -50 pip and then -80 to -100 pip thereafter.. i only trade the usd/jpy right now, but normally trade eur/jpy gbp/jpy and usd/jpy.. this month has been pretty nice.. lots of nice up/down flows i use all time frames. 15 min 30 min 1hr 4hr and daily to establish trend patterns. i usually use 15 min chart to exit trades when i am in the money

11-20-2008, 12:01 PM	#8
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	i also use trailing stops on all my trades set at 15 pips..