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Trichet and ECB Rate increase.

  • #61
  • Dec 7, 2006 9:02am Dec 7, 2006 9:02am
Quoting merlin
i dont use many indicators, but ADX is my favorite.
Many ADX exist. Which ADX are you use ?
  • #62
  • Dec 7, 2006 9:05am Dec 7, 2006 9:05am
IN what time frame do you use ADX and MA21? I've read a lot about ADX but never use it because it seems to tell you what has already happened, not what's about to happen. Also it doesn't seem to give a definite buy or sell signal like stochastics, RSI and MACD do (my favourites).
  • #63
  • Dec 7, 2006 9:08am Dec 7, 2006 9:08am
Quoting notouch
IN what time frame do you use ADX and MA21? I've read a lot about ADX but never use it because it seems to tell you what has already happened, not what's about to happen. Also it doesn't seem to give a definite buy or sell signal like stochastics, RSI and MACD do (my favourites).
All Time frame.
Indicators are friend of a disciplinated trader ;-)
  • #64
  • Dec 7, 2006 9:11am Dec 7, 2006 9:11am
I mean on the 1 minute charts, the 5 minutes, the hourlies, dailies etc. You can't use them all because you'd constantly be getting different signals.
  • #65
  • Dec 7, 2006 9:24am Dec 7, 2006 9:24am
Quoting dswk
Many ADX exist. Which ADX are you use ?
im using the one straight from the horses mouth...the exact forumula that welles wilder put out in 1978. in most of my quant systems i use the adx in some form, like salt to a chef
Relax and be happy.
  • #66
  • Dec 7, 2006 9:25am Dec 7, 2006 9:25am
Quoting notouch
I mean on the 1 minute charts, the 5 minutes, the hourlies, dailies etc. You can't use them all because you'd constantly be getting different signals.
For sure notouch, it's why we have timeframe.... In fact the way you use it it's your way of trading...
Some of my trades are good some others are bad...
  • #67
  • Dec 7, 2006 9:33am Dec 7, 2006 9:33am
Quoting merlin
im using the one straight from the horses mouth...the exact forumula that welles wilder put out in 1978. in most of my quant systems i use the adx in some form, like salt to a chef
Merlin, my observation is that the bigger the TF the smaller periods value should be in the indicator and on a small TF only bigger period values do work smoothly.
Do you use default 14 setting for all timeframes?
  • #68
  • Dec 7, 2006 9:35am Dec 7, 2006 9:35am
i like ADX because it gives you new information. most indicators are just sunglasses for price. the ones that give you new, non-price related informaiton are the most valuable (eg volume, open interest, implied volatility). then there are a few hybrid indicators, that do tell you about price, but they transform the price in such a way that the indicator no longer really talking about price. these include indicators like ATR and standard deviation, which tell you about range. i also think ADX is one of these hybrids. while it does read the price, the real value is that it can answer the question: is the market trending? when you study the calculation (ie read welles' book) you'll realize it is really an ingenius way of manipulating price data.
Relax and be happy.
  • #69
  • Dec 7, 2006 9:39am Dec 7, 2006 9:39am
Quoting lietuve
Do you use default 14 setting for all timeframes?
every application is different, but honestly it doesnt really matter what setting you use.
Relax and be happy.
  • #70
  • Dec 7, 2006 10:44pm Dec 7, 2006 10:44pm
Trichet signals euro negative, and of course it lost its support. I'm looking for dollar to be stronger pre news, and if the news is good, then, post news, the dollar still be stronger.
Hello World
  • #71
  • Last Post: Dec 7, 2006 10:55pm Dec 7, 2006 10:55pm
Trichet was slightly hawkish in highlighting that inflation risks remained elevated and that monetary policy remains "accommodative", but he dropped the key "strong vigilance" phrase that many Euro bulls had hoped for. The net result was to leave markets guessing as to whether the bank would raise rates in the short term, with interest rate futures and Euro currency pairs fluctuating wildly on every nuance in his words. Likewise significant, Trichet dodged questions concerning the Euro's torrid appreciation, commenting only that "excess volatility" in currency markets remains unfavorable to stable economic growth.

For me, it is a really nice coincidence, before NFP, Trichet signal bad euro, and I think, it is dollar positive. ADP gives good number speculation of NFP (perhaps right this time)...I believe dollar will be stronger pre-NFP news
Hello World
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