why my fibo diff from u, sifu?
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- #2,362
- Nov 19, 2007 8:15pm Nov 19, 2007 8:15pm
Ayyaaaa... don't get news from the newspaper. Try to have NEWS FEED or Watch Bloomberg or Frequently updated Website. By the time the news is printed on the paper the market already move.
With FA you have to understand between hard fact, rumors and speculation/prediction. Like Dow theory, there will be 3 stages. Immediate effect, medium term effect, long term effect. With this I add 1 more... the beforehand effect... meaning sometimes the market already moved before the actual news release because of the prediction/speculation based on day to day economic indicators, i.e. GDP... Trade Balance... Inflation report... Unemployment data... Housing sales... CPI... etc. This is called PRICED IN.
If US economic indicators showing no sign of improvement... this will force the FED to further CUT the Interest Rate. Thus will weaken Dollar. Past weeks we all also know that UK having problem with its INFLATION REPORT meaning... BOE might be forced to CUT the IR as well. Hence, weaken the Pound Sterling. To add to the CHAOS situation... we also got news from CHINA MANplanning to move reserve to Euro. Add some more from the Middle East News... Add some more the OIL Prices... Add some more.... Add some more....
This is why the MARKET is behaving like CRAZY now. UP DOWN UP DOWN. Whichever immediate news come out will straight away affecting the market psychology. Plus we are getting near to the END of the YEAR. All tense build up caused the market to be very fragile and volatile. There are lot of "NOISES" if you are doing TA on shorter time frame. Really unpredictable. That's is why the best friend we all got right now is our MONEY MANAGEMENT. Trade wisely
Swiss Franc Rises to 12-Year High Against Dollar as Stocks Fall
By Agnes Lovasz
Nov. 19 (Bloomberg) -- The Swiss franc rose to its highest against the dollar in more than 12 years and traded near a nine- week high against the euro as a decline in global stocks prompted investors to sell higher-yielding assets bought with loans from Switzerland and Japan.
The franc has gained against all 16 most-traded currencies in the past five days as traders retreated from so-called carry trades on concern financial companies will post further losses linked to U.S. subprime mortgages. Swiss Reinsurance Co., the world's biggest reinsurer, said today it had a 1.2 billion-Swiss franc ($1.07 billion) loss on derivatives in October after the mortgage crash roiled debt markets.
``The Swiss franc is closely following the stock markets and changes in risk sentiment,'' said Elisabeth Andreew, chief currency strategy analyst at Nordea in Copenhagen. ``That's resulting in a stronger Swiss franc.''
From my understandings...most of the news are like the flashback...damn...
: Patience is virtue
- #2,363
- Nov 19, 2007 8:17pm Nov 19, 2007 8:17pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
GOOD AFTERNOON, I OPEN SHORT THIS MORNING 6AM AT 497 AND HIT TP 460, ALREADY BANK IN $50. GOOD START TODAY. NOW TREND SEEMS GOING UP, WAITING FOR LONDON BRIDGE AGAIN... BUT TODAY GOT FEW NEWS.. REALLY NEED TO TRADE WISELY.
Yeah... a few NEWS from UK today. Watch out! I speculate... it's gonna be RED news. Unless if UK wanna make some surprise by showing GREEN news... I'll change from SFB to BFD strategy. As right now... PING PONG.... heaven for SCALPERS
- #2,365
- Nov 19, 2007 8:22pm Nov 19, 2007 8:22pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Sometimes newbies like me don't know how to interpretation the news...such as like these...
From my understandings...most of the news are like the flashback...damn...
Only time and passion can teach you
Last night DJI broke 13000.0 support and closed below it! Like everybody been talking last time that the DJI was overpriced. Now the correction is taking place. What aver happened last night sometimes gonna affect the ASIAN Stocks Market as well. The chain reaction. 
OMG...edit again...malaysia using tf1 hr also...hehe- #2,370
- Nov 19, 2007 8:37pm Nov 19, 2007 8:37pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
why my fibo diff from u, sifu?
Please don't call me sifu. I am just as a friend. I am here to learn as well. I am also sharing at the same time. Here is my FIBBO drawing. Some people might draw differently. Use the one that you are comfortable with... meaning you see something confirming around those lines. Don't just follow blindly
- #2,373
- Nov 19, 2007 8:50pm Nov 19, 2007 8:50pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
IT SEEMS THAT THE BULL REALLY WANT TO BREAK 2.0500
Subjected to the NEWS from UK. Not really yet... Not a confirmed BREAKOUT since the CS body still in the middle of the line... use M30 and higher time frame. Seems like the EURO been dragging Cable up. This gonna be like last week... UP before LONDON OPEN then FREE FALL
- #2,377
- Nov 19, 2007 9:20pm Nov 19, 2007 9:20pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
why the 7pm news from GBP on CBI INDUSTRIAL TRENDS ORDERS, they forecast -7 and previouse was -6? if really negative means economic no good then will go down. if turn positive (which i tink a bit hard) then it will go up. am i right?
just click on the small blue folder icon next to the news... then they'll explain everything. 
- #2,380
- Nov 19, 2007 9:27pm Nov 19, 2007 9:27pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
the bear take over now but not sure it is a teddy bear or pola bear
Perhaps we should change it to PENGUIN