For the newbies only:
If a currency pair is in an uptrend, buy dips.
If a currency pair is in an uptrend, buy dips.
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Dislikedhi
i am new member, i hv read your post with deep interest, can u please tell us wat the pros and cons of 20 sma,and what made you use this 20 sma , as you have mentioned that as long as eur is below 200 sma its sell.
Thnkx for your time.
Regards
StellaIgnored
DislikedFor the newbies only:
If a currency pair is in an uptrend, buy dips.Ignored
Dislikedhi
i am new member, i hv read your post with deep interest, can u please tell us wat the pros and cons of 20 sma,and what made you use this 20 sma , as you have mentioned that as long as eur is below 200 sma its sell.
Thnkx for your time.
Regards
StellaIgnored
DislikedMoving averages
There are different camps on the moving averages. Some people use the Fibonacci numbers for their movign averages , 3, 5, 8, 13, 21, 34, 55, 89, 144.
I like to keep things simple and have played with the 10 , 20 , 30 and 50 sma. 100 and 200 sma are also popular for longer term time frames .
I like the simple moving average rather than the exponential moving average as it is slightly smoother.
how to use the 20 sma. It works best on a 2 hour time frame and up .
here is an annotated chart for you , think of the 20 sma as a pivot.
from 25th May to 8th June , 720 pips using this simple system .
AttachmentIgnored
DislikedDaily pivot are just an average of the previous days high , low ,close.
The formulas for the daily pivots are noted at the bottom of this post.
The daily pivots are major areas of support and resistance. If the price is under the daily pivot and breaks through it on a 15 min chart , and then the next 15 min candle is also an up candle then you could place a long trade and have the stop under the daily pivot.
I have placed some note on the charts to show how the daily pivot works
Attachment
The Pivot = P = (H+L+C) /3
1st Resistance Line = R1 = 2P- L
2nd Resistance Line = R2 = P+ (H-L) = P+(R1-S1)
3rd Resistance Line = R3 = 2P + (H-2L)
1st Support Line = S1 = 2P - H
2nd Support Line = S2 = P - (H-L) = P - (R1 - S1)
3rd Support Line = S3 = 2P - (2H - L)
Ignored
DislikedVery nice, Malcomb, do you also notice your volume indicator in relationship to the size of the moves?Ignored
DislikedThere is a gap down based on this website real time quotes. Let's see if it holds true when opens tomorrow.
Link: http://www.forex-markets.com/quotes.htmIgnored
Disliked6 more hours to start rockin'
tenfore is showing 210.06 so far. i guess that's good news for you Mk
hope u get out of those trades with good pips. plz bare in mind that trying to sell the top is a bit suicidal in the current market conditions. i gave up on that, will wait till this stupid month ends to go back to that game. even if there's a good gap, that doesn't mean we cant go up further. last week and the week before were good proof.
again, what's losing 100-200 pips in a huge dump just to confirm? cheep price i guessIgnored
Dislikedgood for me too...
hope it stays that way till market opens....
Happy father's day to all the daddy's....Ignored
QuoteDisliked2008-06-15 10:22:56
Car, electronics factories in northern Japan suspend operations after quake
TOKYO (Thomson Financial) - Operations at a number of Japanese car and
electronics makers remained suspended on Sunday as companies tried to repair
damage from a powerful earthquake, officials said.
Dislikednice analysis. Have you also done a study on the chinese and asian markets to see a correlation between any currency pairs? I would be interested to know. The correction in gbp/usd, aud/usd, and eur/usd seem to be correlated to the bursting of the bubble of those bull markets and subsequent correction in the Shangai and hang seng markets. It seems like long positions in these pairs were closed so the profits would cover the equity losses.Ignored