Final Cut 2010 (Chart & Economic Talks)

Happy New Year 2010 Full of healthy happiness and green +++

This thread will be all about "Where Are We Now?"
The answer will be BY charts and economic Reports Trying to figure out what they say.


I would like to add my view about some queries mostly we find them much on difference threads
1- When i will be profitable Trader?
2- What i need to be profitable?
3- Which system is the best?
4- If i did all that conditions will be 100% successful?

 

1. There is no certain time to tell, That all depends on you but all i can say in my view When you be stable and comfortable with your system and when stop searching for another.

1. Your system + (Grown up trader Psychology and concentration)

1. Your system (Each system can be profitable depends on you, I mean there were many successful traders use different systems not only one system for example GlobalMacro use Systematic Trading, malcolm14 use VSA, And many good traders use Naked chart no indicator, Vic_elc use Ichimou and so on....

1. No one can be right All the time because no bodies perfect

25 December 2009

http://www.forexfactory.com/showthre...AD#post3327043

Here it's a chart for E/U AND DX
You decided where we will go in 2010
But remember >>>"Pick up your entry And control your risk"

Don't forget this week will be high impact because
http://www.forexfactory.com/calendar...th=1&year=2010

DX 4H Previous post
http://www.forexfactory.com/showthre...19#post3330619
update1
http://www.forexfactory.com/showthre...46#post3332446
Where are we now?
Now 77.30 edge of the cloud we still can go 76 MAX drop in my view or Finish the retrace here.
And also here it 's Weekly chart DX "My view we create double top and now create doble bottom and now we going UP to neckline Which is blue line on weekly chart

Copy:-
Gold prices have surged in recent months, which some observers claim is a clear warning that inflation will soon turn sharply higher as it did in the late 1970s. However, other forward-looking market-based inflation indicators do not support this hypothesis. Inflation indicators such as bond yields


Read this And Decided you direction at 2010

http://www.actionforex.com/long-term...2009102098757/

Another great article in my view,Read and Think
http://www.actionforex.com/long-term...2009092496931/

Also I read this Part and i like it,Thought to post
"If the Fed Funds rate or the Fed rhetoric does not take a turn toward hawkish, then there could be a quick change in sentiment; last month’s dramatic turn toward dollar strength could be in jeopardy."

Start to build my position since yesterday And will take every rally to
Sell sell sell depends on my view i explain in my previous posts

This My positions I Know there will be risk but i will take As long as i know where will be my SL & TP

1-Buy U/Cad 1.0330
2-Sell NZD/U 0.7360
3-Sell AUD/U 0.9190
4-Sell Eur/JPY 133.39
5-Sell G/U 1.6035
6-Sell E/U 1.4410

All Position still in play except Buy U/Cad 1.0330 closed 1.0365
Reason To be more in control with my Capital and MM
And high volitility with Non-Farm Employment Change

GL All

Edit
Daily G/U Chart

Copy:-
The last thing left is for the federal dollar. The U.S. dollar regained 5.6% of the lowest levels achieved in November against the euro, compared to close on Friday. And then returned to the immediate risks of a new arena, but will remain the biggest threat the Federal balance between the interest rate and inflation rate is the collapse of the dollar. If the dollar fell sharply, it is likely to occur very panic the stock market, forcing traders to sell bonds in the capacitor, which would lead to a rise in interest rates by /, which in turn works to extinguish the flame than recovery with high commodity prices The mortgage rates and inflation, imports and difficult task of the Federal closed the gap.

And thus remains a puzzle, which is located where the Federal is to prevent the economy into recession again, at a time when the central bank seeks to rid the financial system from the huge cash surplus.How can the Federal raise interest rates enough to quell inflation expectations at a time when access should not be average to high levels may negatively affect the value of real estate in the housing market?How will balance between the high interest rates to achieve reasonable force for the dollar without having reached an impressive increase, which would limit borrowing business and create jobs in the labor market?

Copy:
Dec. 29 -- The Federal Reserve proposed a program to sell term deposits to banks to absorb some of the banking system’s $1 trillion in excess reserves now threatening to accelerate inflation as the economy recovers.
The plan, subject to a 30-day comment period, “has no implications for monetary policy decisions in the near term,” the central bank said yesterday in a statement released in Washington.

From the above, we concluded that the federal interest rate will be the key to solve the mystery out of excessive liquidity and monetary policy of quantitative easing cycle. This is because the current rate at 0.25% is very important to maintain a minimum level of profitability of financial institutions, while the President is the key to solve the mystery in the employment sector where the low rate of unemployment of 10% solved the puzzle and move the economy.

It was not the federal interest rates is the reason behind the "inflation unrestricted", but liquidity pilot programs were adopted by the Federal solve the financial crisis is the reason. The Fed will have to employ similar programs for the withdrawal of liquidity from the market. As a first step in order to absorb liquidity, the Fed announced the deposits for a fixed term on Tuesday. There is no doubt that there are more programs after that. And will keep the Fed on those measures the pilot until it was convinced governors Federal Bdharop disposal.

1-Sell NZD/U 0.7360 >> 180 ++
2-Sell AUD/U 0.9190 >> ADD 0.9310 >>> OVER 300 ++
3-Sell Eur/JPY 133.39 >> OVER 500 ++
4-Sell G/U 1.6035 ADD 1.6260 ADD 1.6385 >>AFTER ALL NOW IN ++ PROFIT
5-Sell E/U 1.4410 >> 350 ++
6- buy u/cad 1.0230 over 270 ++

I have add
e/u sell 1.4150 , Add nzd/u 7150

Nice profit in selling many pairs together , very good job my friend.well done.
There was time when used to take position in different pairs at a time taking signal from only eurusd & results also very good but they move different a lot . may be recently not ,falling together.
fontu

Now something for fun Till US >> GDP

Enjoy all , happy weekend

Yeah green world +++++ all positions still in playyyyyyyyyyyyy

I have traded July 2008 and Now FEB 2010

I dedicate this song for everyone was keep telling us last months about recovery


ENJOY THE FUN

G/U Hit my TP1 AND TP2
Now Flat waiting good entry to go again to my TP3

I have start to buy us$ for long term next weeks
I could be wrong but this is my view

sell
aud/u 9175
nzd/u 7052
e/u 3660
aud/j 8322
e/j 123.90

buy
u/cad 1.0270
u/j 90.40

let's see
GL ALL

PS:
Everyone trade depends on - His view and TF he used and MM

sell
aud/u 9175
nzd/u 7052
e/u 3660
aud/j 8322
e/j 123.90
Add e/u sell 1.3775
Add nzd/u sell 7030
Add sell g/u 1.5190

buy
u/j 90.40

u/cad closed - 90

Where are we now?
here it's how I read my charts And some important chart
(Everyone trade depends on his view AND (TF & MM)

First chart daily aud/u
Second show comparing between some currencies
Third one DX and my view

GL

Hello all
Sorry for not updating my trades but i trade part time and my other work take most of my time here it's my last trade with G/U and my Plan
Current Price 1.5373 We still in consolidation looking forward to next week to see breakout
GL all