Looks like the AUD pairs made a big move last night from Employment change and unemployment rate.
Still going in the same direction at the moment but will be looking for an entry later.
Hennis Extreme TMA System 98 replies
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SnakeForce - simple TMA with alert? 3 replies
DislikedHi all,
Just want to introduce myself. I'm Brian from New Mexico. I mostly trade futures , but I stumbled on this thread while I using the Forex Factory Calender. Once I started reading I kept on it and now I'm interested in Forex. Many thanks to you Al for sharing your knowledge and for this wonderful thread you have. And also thanks to everyone else here for your contributions. I've never used Meta Trader but am going to download it and the packet on page one and give it a whirl. Hopefully I'll be able to contribute in the future. I really appreciate...Ignored
DislikedThanks for figuring this out. I made the changes you requested. I have not actually tested this but it makes sense and should now work nicely through the dashboard.
You can of course make any fixes like this you want in the future and I can always check for latest versions posted here.Ignored
DislikedGood article, Al. I've read so many just like it, and I imagine you have too.
Austerity + great heaping helpings of additional debt, even at low interest, does not solve a structural debt problem.
GDP will shrink, political instability will increase, and the only permanent solution is to default, and devalue the currency (as per Argentina), an impossibility with the EUR as it is.
Greece went half way. It won't be enough, though.
Additional remarks for those that are interested:Ignored
DislikedYes Ever "Vol" is old Italian language, Leonardo was born in 1452 and during that time Italian language was different from now.
However the meaning is the same and your translation is perfect.
Ciao
SabrinaIgnored
DislikedThanks for figuring this out. I made the changes you requested. I have not actually tested this but it makes sense and should now work nicely through the dashboard.
You can of course make any fixes like this you want in the future and I can always check for latest versions posted here.Ignored
DislikedAfter NinjaTrader I found MetaTrader simple enough to understand, but not nearly as good in terms of standard indicators. I'm going to use this system to trade binary options and spreads on Nadex, which I think might do well.
Good luck trading. It opens Sunday night, just like Globex. There are some time settings that are in the thread somewhere that I haven't gotten set yet. One is for you broker and one is for your location, I believe. Both are based on GMT. G'night. Off to bed!Ignored
DislikedAl, Do you see EJ and GJ dropping with EU and GU?
I know they are oversold but as far they have respected EU and GU..Ignored
DislikedHere is the EurUsd H4 chart. There is a tug of war coming between the very long down trendline on RSI with a short term up trendline. This will be resolved between today and tomorrow. My bets are on the long term line winning the battle. The fact that the H4 channel turned and stayed inside the Price Channel that began in August leads me to believe this. The channel seems poised now to test the bottom wall of the price channel at 1.1700 sometime in June.Ignored
DislikedAl, you are making me a lazy trader, all I have to do is follow your analysis now.Ignored
DislikedI agree with you, Ever. Unfortunately there is no easy way out from this mess. The peripheral countries will have to exit and return to their original currencies to be able to depreciate and have somewhat of a future. I donīt believe the political will exists in northern democracies to unify the EU fiscally, which is what is required to keep the Euro as the common currency for all countries involved. It is difficult to visualize if the Euro will remain the currency of the northern countries or if it will have to break up entirely.Ignored
DislikedHi all,
I'm a newbie and in the process of trying out this method. Just wondering how best I could use the Trix4kids indicator, 200MA line, Coral line & RSI to support the entry / exit of a trade ? Appreciate your thoughts / suggestions.. Cheers !
DarshanaIgnored