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I used to go with CT's and this is the one system that almost makes it tempting for me. 100% winners this month since I stopped going against the trend. All you had to do was look at the usdjpy this morning. Perfect TC trades.
! We always hear trade with the trend, but do we really listen? I took U/J yesterday in the evening a TC from 21 and made +53. So I finally got what professional traders are trying to say.
Many pips to you all!
Please I don't really understand this and I wish to understand all these term. Can someone expansiate please.
-- The dow has been acting as a proxy -- probably has to do w/conditions that make the carry trade viable (i.e. low volatility, interest rate differential, weak econ/strong econ, ect.). -- don't nec. agree that the dow going down weakens the dollar overall -- U/J yes, but not nec. other majors -- probably a dangerous assumption, but I could be wrong....(think about where the money is flowing....and this time of year it is very common to see repatriation of funds...).Happy trading,
Pips
- #8,750
- Nov 27, 2007 4:59am Nov 27, 2007 4:59am
It has to do w/the carry trade. Positive equity market = buy for carry, which in effect is impacting the crosses (i.e Cable and Fiber). This is the supersimplified version.
Happy trading,
Pips
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
- #8,752
- Nov 27, 2007 5:32am Nov 27, 2007 5:32am
Hi,
In the top right of each post is a picture of a triangle with an exclamation mark inside it. Click on that to report spam. Thanks
Best regards
Alan
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Best regards
Alan
- #8,753
- Nov 27, 2007 5:46am Nov 27, 2007 5:46am
possible Set-up in GBPUSD???
falls down under 89SMA again
double top in MACD
hanging man (??)
my time: GMT+1
Till
I see what you're seeing, but I also see price still within the symmetrical triangle (I think this means indecision within market?), and fairly strong potential support below current price.
I may be overcautious but I am waiting for price to break the triangle before committing myself to anything. If price breaks with violence, I shall wait for the retracement to get entry on more solid grounds with better stop loss, etc. Good luck with your trades.
Rebecca,x.
May all your pips grow into great big fruitful trees 
Hi Till,
I see what you're seeing, but I also see price still within the symmetrical triangle (I think this means indecision within market?), and fairly strong potential support below current price.
I may be overcautious but I am waiting for price to break the triangle before committing myself to anything. If price breaks with violence, I shall wait for the retracement to get entry on more solid grounds with better stop loss, etc. Good luck with your trades.
Rebecca,x.
how much do you trust traditional technical analysis technics in FX trading?
I always get kind of susbicious when I see something like a triangle or a perfectly horizontal support/resistance line.
Till
- #8,757
- Edited 6:20am Nov 27, 2007 6:08am | Edited 6:20am
- | Joined Feb 2007 | Status: Trader | 989 Posts
possible Set-up in GBPUSD???
falls down under 89SMA again
double top in MACD
hanging man (??)
my time: GMT+1
Till
until the market gives me a good "vibe." (new age for show me it's hand ).Happy trading,
Pips
Hi Till,
I see what you're seeing, but I also see price still within the symmetrical triangle (I think this means indecision within market?), and fairly strong potential support below current price.
I may be overcautious but I am waiting for price to break the triangle before committing myself to anything. If price breaks with violence, I shall wait for the retracement to get entry on more solid grounds with better stop loss, etc. Good luck with your trades.
Rebecca,x.
Thank you for posting such good analysis! Have really enjoyed your posts. Keep up the great work!!!
Pretty soon, we won't be calling you Bag Lady any more, eh?Happy trading,
Pips
This is just my opinion....Don't you think the market is very choppy and ugly today? My MACD does say short, but I'm not trusting it -- I think this market is actually ranging right now, & I've seen a lot of chop all night. Price on my chart has also not closed below the 89, -- 21 was tagged on the last candle -- to me it is mixed signals -- but if you wanted a short, your stop would have to be above the high of the current candles (over 60 pips) and your TP would be??? 21 -- only 30 pips away -- 200 is 90ish. Can you tell, I'm just not feeling this pair right now? So...I'm staying away
Happy trading,
Pips
this is now the 4th attempt to break to the upside and it seems to fail again
i also have a close below the MA
PT?? maybe 200MA
well Let's see