Pretty much insterested in FX fish indi!!care to share??
sonic
- #11,201
- Edited 10:14pm Jun 13, 2008 9:01pm | Edited 10:14pm
- | Commercial User | Joined Mar 2008 | 9,069 Posts
- #11,202
- Jun 13, 2008 9:13pm Jun 13, 2008 9:13pm
- | Joined Oct 2007 | Status: work in progress | 1,009 Posts
On the other hand, reading the chart isn't always easy, and one person's interpretation can\will differ wildly from anothers'. If chart interpretations were easy, then we would all be rich. Most of us can read the same chart and find trends in about 3 different directions at once, depending on where we look.
I love support and resistance points - especially those shown by fib retracements and the weekly\monthly pivots. Time and again, these turn out to be accurate. Yet, I merely pull a fib over a decent-looking swing and allow my decisions to be swayed by the weekly\monthly pivots.
So, which comes first?
Do the fib levels become self-fulfilling prophesies as umpteen other traders come to the same conclusions and buy\sell according to them?
Or do umpteen traders come to the same conclusions at exactly the same point in time and create those s\r points that my fibs coincidentally highlight?
Don't chase the market, Let the market come to you
- #11,203
- Jun 14, 2008 12:50pm Jun 14, 2008 12:50pm
- Joined Apr 2008 | Status: Trader | 9,414 Posts
What the price eur/usd closed ??
My broker 1.5381, CNN show 1.5344
My broker 1.5381, CNN show 1.5344
- #11,205
- Jun 14, 2008 1:27pm Jun 14, 2008 1:27pm
- Joined Jan 2008 | Status: HEY! WHA' HAPPENED? | 15,496 Posts
Not all sins are created equal
- #11,206
- Jun 14, 2008 3:27pm Jun 14, 2008 3:27pm
- | Joined Dec 2007 | Status: Trader | 2,797 Posts
June 27th has release info already?!?!?
- #11,209
- Jun 14, 2008 10:52pm Jun 14, 2008 10:52pm
- Joined Dec 2006 | Status: call me Kevin | 1,263 Posts
Hey everyone,
Made this post in another thread, but it applies here:
Back from my trip.
I have had the luxury of traveling the country (USA) for a month and I had a chance to pick up on some of the vibes.
First of all, I noticed a TON of foreigners at the National Parks I went to. The weak dollar is a total magnet, and I believe foreigners dumping their money here is appealing to outsiders (nobody can deny America's appeal for vacations, whether it be National Parks, Theme Parks, Cities, Merchandise, and whatever else you can imagine buying here).
Also, I've noticed a lot of people spending at stores around major cities which correlates well with recent good Retail Sales #'s.
Oil prices have soared though in my absence. I believe this is more of a bubble than actual value change. It is summer time and oil and gas prices always must go up, though they have been rising for quite a while. I see that there is a shift in focus of fuel alternatives and fuel-friendly options that will be evident within the coming years more so. On my travels, I saw many windmills and solar panels. When I get back, I see 3 ads in 30 minutes on TV about recycling, hybrids, and green technology. BTW I noticed General Electric manufactures those windmills; maybe good stock to buy. These are more touchy-feely speculations rather than hard evidence, but I think there is value in educated guesses
.
These factors would lead me to believe that the dollar will strengthen in the near future. I had expected the strengthening to happen while I was gone, but delays happen in forex (I'm clueless of what the hitch is; if anyone could enlighten me that would be great, otherwise I'll find out eventually). At any rate, for EUR/USD a break of 1.5300 would take us past support into "no-man's land" where I think the dollar could gain some strength.
Again, I've missed a lot since I've been in the woods, so if I'm wrong on any of my facts, set me straight!
Made this post in another thread, but it applies here:
Back from my trip.
I have had the luxury of traveling the country (USA) for a month and I had a chance to pick up on some of the vibes.
First of all, I noticed a TON of foreigners at the National Parks I went to. The weak dollar is a total magnet, and I believe foreigners dumping their money here is appealing to outsiders (nobody can deny America's appeal for vacations, whether it be National Parks, Theme Parks, Cities, Merchandise, and whatever else you can imagine buying here).
Also, I've noticed a lot of people spending at stores around major cities which correlates well with recent good Retail Sales #'s.
Oil prices have soared though in my absence. I believe this is more of a bubble than actual value change. It is summer time and oil and gas prices always must go up, though they have been rising for quite a while. I see that there is a shift in focus of fuel alternatives and fuel-friendly options that will be evident within the coming years more so. On my travels, I saw many windmills and solar panels. When I get back, I see 3 ads in 30 minutes on TV about recycling, hybrids, and green technology. BTW I noticed General Electric manufactures those windmills; maybe good stock to buy. These are more touchy-feely speculations rather than hard evidence, but I think there is value in educated guesses
.These factors would lead me to believe that the dollar will strengthen in the near future. I had expected the strengthening to happen while I was gone, but delays happen in forex (I'm clueless of what the hitch is; if anyone could enlighten me that would be great, otherwise I'll find out eventually). At any rate, for EUR/USD a break of 1.5300 would take us past support into "no-man's land" where I think the dollar could gain some strength.
Again, I've missed a lot since I've been in the woods, so if I'm wrong on any of my facts, set me straight!
- #11,213
- Jun 15, 2008 12:25pm Jun 15, 2008 12:25pm
- Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
