- #1,562
- Nov 11, 2007 6:45pm Nov 11, 2007 6:45pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
no
p/s: Can someone try to attach any chart in here? Just wanna check... the problem it might be from my laptop instead
There's a thing about technology... can't rely on them 100%. This is bad... can't post any chart now. How?
p/s: Can someone try to attach any chart in here? Just wanna check... the problem it might be from my laptop instead
- #1,565
- Nov 11, 2007 7:05pm Nov 11, 2007 7:05pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
yup, finally i saw the chart. so today r we waitingthe candle to retrace to 20 wma and short? a big gap down...
But I can't see my own chart Weird... Nevermind.... Frankly speaking... since seriously OVERSOLD... about 21.9 RSI(14) on my H1 chart... I just gonna wait for a while. Just have to observe on how much the price correction or Retracement gonna be. This is me... PATIENCE.
You can try to SHORT if the Bull touch 20 wma... This is SELL FROM BOUNCE... but make sure the MONEY MANAGEMENT is sufficient. I would put SL above 30 sma... or above upper BB if I am gonna SHORT. But then... I need to wait and observe now. Got to see the market PSYCHOLOGY today. If 50% or 61.8% Fibbo is broken... I'll continue with BFD.
Bear in mind that US is on HOLIDAY today
All Day USD http://www.forexfactory.com/images/m...act_medium.gif Holiday: Veterans Day
Frankly speaking... since seriously OVERSOLD... about 21.9 RSI(14) on my H1 chart... I just gonna wait for a while. Just have to observe on how much the price correction or Retracement gonna be. This is me... PATIENCE.
You can try to SHORT if the Bull touch 20 wma... This is SELL FROM BOUNCE... but make sure the MONEY MANAGEMENT is sufficient. I would put SL above 30 sma... or above upper BB if I am gonna SHORT. But then... I need to wait and observe now. Got to see the market PSYCHOLOGY today. If 50% or 61.8% Fibbo is broken... I'll continue with BFD.
Bear in mind that US is on HOLIDAY today
All Day USD http://www.forexfactory.com/images/m...act_medium.gif Holiday: Veterans Day
- #1,568
- Nov 11, 2007 7:27pm Nov 11, 2007 7:27pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
fine, can u update in the forum, i wish to learn and follow u before i become smart enough. sori for only follow meanwhile instead of provide any good idea
: I am just reporting and discussing my trading style over here. Others are free to discuss their own style too. Take whatever good from me and scrap away whatever bad from me.
I am just a human being.All your questioning is much appreciated... I am learning from it too. Anything can be improvised? Suggest it over here
p/s: Still can't see my own chart appear on this thread
Do you guyz see it? Oppsss... we've got gurlz as well 
Do not follow me
All your questioning is much appreciated... I am learning from it too. Anything can be improvised? Suggest it over here
p/s: Still can't see my own chart appear on this thread
i gain a lot of knowledge from this thread...
Do not follow me
All your questioning is much appreciated... I am learning from it too. Anything can be improvised? Suggest it over here
p/s: Still can't see my own chart appear on this thread
- #1,573
- Nov 11, 2007 7:47pm Nov 11, 2007 7:47pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
waaaaaaaaaaaaaaaaayyy down ??? releasing more bear?
If the real data gonna come out RED. Yeah... way down!
However, if you observe the chart attached... The BEAR is playing in the heavy BLUE SUPPORT AREA. Can it manage to break free? 
- #1,574
- Nov 11, 2007 8:02pm Nov 11, 2007 8:02pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
i gain a lot from u, tq v much. 530pm GBP news is regarding inflation, if pound so high now, it may be a high inflation, then most probably GU will be down trend< am i rite?
Oits!!! You got it wrong there. INFLATION high... meaning the economics doing so great that causing all the price going up tremendously. Like China is doing now. If this is not control... it'll caused IMBALANCE of overall country economy... where the rich get richer and the poor get poorer. Plus... inflation will caused export to be expensive and labour cost also expensive... thus... BOOOOMMM... economic GROWTH collapse. All National Banks have the same strategy to combat this... meaning by HIKE UP the INTEREST RATE... so that consumers will prefer to put the money in the Banks rather than spending. This is the way to cool down a bit the HOT growth.... by not CUTTING it out. All National Banks objective is to preserve the Country Economic Growth at a comfortable rate.The 1st and BIGGEST effect of a CURRENCY is the INTEREST RATE. It's so simple... HIGH IR = Currency STRENGTHENED.... LOW IR = Currency WEAKEN.
INFLATION = HIKE IR
DEFLATION = CUT IR
The 1st and BIGGEST effect of a CURRENCY is the INTEREST RATE. It's so simple... HIGH IR = Currency STRENGTHENED.... LOW IR = Currency WEAKEN.
INFLATION = HIKE IR
DEFLATION = CUT IR
- #1,576
- Nov 11, 2007 8:22pm Nov 11, 2007 8:22pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
The Producer Price Index (PPI) Input measures the rate of inflation (i.e., the rate of price changes) experienced by manufacturers when purchasing goods and services. A rising trend has a positive effect on the nation's currency. When manufactures pay more for goods and services, they are likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation. PPI is highly regarded, and at extremes will have a market impact equal to that of its CPI counterpart.
If you look at the forecast... they expect the PPI (monthly) gonna be LOWER than before. Thus... low rate of INFLATION or might be DEFLATION. This data will affect the BOE judgment on announcing the next IR change. Not just this data... there are lots of other data to take into consideration too.
If DEFLATION... not good for economic growth... whereby consumer spending is LOW maybe because of the LOW income and HIGH unemployment rate.... causing the demand decreasing affecting the price to be cheap. Thus... all the factories and producers have to cut production. This is NOT good for ECONOMIC GROWTH. Hence, the NATIONAL BANK has to CUT the INTEREST RATE so that consumers will be more keen to take out money from banks and start SPENDING. Therefore creating DEMAND and waaalllaaaaa... Economic start to GROW again.
What this got to do with the Chart. Looking at Cable chart. If UK INFLATION = BOE might HIKE IR = BULL TREND.
If UK DEFLATION = BOE might CUT IR = BEAR TREND.
Got it?
p/s: Btw... still can't see my chart attached appearing on my laptop screen
If you look at the forecast... they expect the PPI (monthly) gonna be LOWER than before. Thus... low rate of INFLATION or might be DEFLATION. This data will affect the BOE judgment on announcing the next IR change. Not just this data... there are lots of other data to take into consideration too.
If DEFLATION... not good for economic growth... whereby consumer spending is LOW maybe because of the LOW income and HIGH unemployment rate.... causing the demand decreasing affecting the price to be cheap. Thus... all the factories and producers have to cut production. This is NOT good for ECONOMIC GROWTH. Hence, the NATIONAL BANK has to CUT the INTEREST RATE so that consumers will be more keen to take out money from banks and start SPENDING. Therefore creating DEMAND and waaalllaaaaa... Economic start to GROW again.
What this got to do with the Chart. Looking at Cable chart. If UK INFLATION = BOE might HIKE IR = BULL TREND.
If UK DEFLATION = BOE might CUT IR = BEAR TREND.
Got it?
p/s: Btw... still can't see my chart attached appearing on my laptop screen
- #1,578
- Nov 11, 2007 8:44pm Nov 11, 2007 8:44pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
This is irritating 
Testing again. Whoever online right now and viewing this page. PLEASE give me feedback Do you guyz and gurlz see the CHART appearing down here?
Testing again. Whoever online right now and viewing this page. PLEASE give me feedback Do you guyz and gurlz see the CHART appearing down here? 