FOREX ideas

can anybody trading the fx mkt share a daily or 4hrly tf trading method and which mkt they are trading. I have blown my acct several times trading the lower time frames
thx
 
can anybody trading the fx mkt share a daily or 4hrly tf trading method and which mkt they are trading. I have blown my acct several times trading the lower time frames
thx

For me it is same technical trading as every other chart. But unfortunately I can't explain all here. It is hard to bring here 9 years of experience. I follow trend, pace, volume and several other rules. Support, resistances ect. Sry just can't give all my motoring program here. Anyway it is same as you trade stocks, option, futures or anything else. TA is same. Just one little advice. That is important. I make trading plan on time frame what I like and it is important to follow that time frame all time. Not move up or down. Also important o stay with trading plan.
At least that is my experience. I don’t say that my system is best...but it work
 
Thank you for your reply, I see your charts but I don't know if that works on longer tf and what indicators you have on the charts or can you direct me to where you posted your system
 
Thank you for your reply, I see your charts but I don't know if that works on longer tf and what indicators you have on the charts or can you direct me to where you posted your system

It is not something special, but it is just how to read market. Do you watch all time frames and how you make trading plan. I don't have many indicators. Main is volume. But it is important to follow trend, pace reversal pattern, support resistance. I will send you private message for some details. No commercials here

Regards..



GBPUSD doing great. Last chart is another oportunity for 3rd buying wave. Hope it will work.


Ivica
 
Good day all,

I still like all setups from yesterday (GBPJPY, AUDJPY and EURAUD) and I will add another one what I found interest right now. It is

USDCAD

Nice consolidation on the 60 min chart and I will look for first support area what is daily support area too.
http://ivicacharts.com/diagrams/2008/09242008usdcad.jpg

If anyone will have any question feels free to contact me

Good trading!!!
Ivica
 
interesting re $ potential

14:02 FOREX: US Budget Deficit to Expand Due to Strategic Threats New York, September 25th. All the talk in the markets of late regarding the pending expansion of the US budget deficit as a result of the soon-to-be-implemented bailout plan fails to recognize the growing strategic threats faced by the US and its allies from the likes of Russia, North Korea and Iran and their admirers in communist enclaves of the Americas and elsewhere. Russia is in the process of trying to expanded or re-take its direct sphere of influence, North Korea and Iran have decided to shut out UN inspectors and resume their nuclear activities full-throttle and folks like Hugo Chavez are looking for someone in the anti- capitalist/US realm to funnel him some nuclear hardware, in part to deflect from the miserable job he has done managing the Venezuelan economy. Also in this mix of strategic threats is a deterioration of relations between Pakistan and the US-led NATO forces fighting the Taliban along the Afghan border, with reports this morning that the Pakistani military fired on NATO choppers.
Is there any conceivable way the US will be able to avoid rising defense budget expenditures in this environment? Yet another reason to sell dollars if you believe rising deficits = a weaker currency. [email protected]
 
Good day all,

I found several nice daily charts like AUDUSD or GBPJPY. Look like everyone waiting US Government rescue plan agreement. Because of that I don’t expect any big move s before that. I will post several charts what I will follow. Every updates will be on the site. Everyone hope that US rescue plan will be done at Monday so we could see some strong reactions. It will be smart to wait first initial move on smaller time frame and then watch for continuation. At least that is way how I will do that. EURUSD idea is still open and I posted that chart at Friday.

AUDJPY
http://ivicacharts.com/diagrams/2008/09292008audjpy.jpg

USDCAD
http://ivicacharts.com/diagrams/2008/09292008usdcad.jpg

AUDUSD
http://ivicacharts.com/diagrams/2008/09292008audusd.jpg

If anyone will have any question feels free to contact me

Good trading!!!
Ivica
 
Time: 07:10 ET
Time: 12:10 GMT

Good day all,

I will follow again GBPUSD. That will be 4th selling wave on 4hours chart. Look how every time GBPUSD after reached 10sma) brown line) pull back. I will look for same situation and for closer entry I will watch 5/15 min setup and I will look for CCI divergence and selling pattern (flag, base, and triangle).

http://ivicacharts.com/diagrams/2008/10012008gbpusd.jpg

Good trading!!!
Ivica
 
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