guys, you are pretty good on the lower timeframes....
I wish, i could sit in front of my computer during london-new york.
- #302
- Jul 1, 2008 4:52pm Jul 1, 2008 4:52pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
I like to post an indicator which is standard and build in MT4, the ichimoku.
Its very popular in asia. I have a look from time to time, it works best on daily.
Second chart is explanation of system of the indicator, which i backuped a time ago, if somebody is interested.
I have read, if a "dead cross" or "golden cross" apears, the brokers sell their homes, their fathers homes and their grandfathers homes, because its pretty save from this point.
Its very popular in asia. I have a look from time to time, it works best on daily.
Second chart is explanation of system of the indicator, which i backuped a time ago, if somebody is interested.
I have read, if a "dead cross" or "golden cross" apears, the brokers sell their homes, their fathers homes and their grandfathers homes, because its pretty save from this point.
- #303
- Jul 2, 2008 12:07am Jul 2, 2008 12:07am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
last chance to sell usd/chf. maybe we will not see it that expensive
for weeks
for weeks
- #306
- Jul 2, 2008 10:14am Jul 2, 2008 10:14am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
TQ.Im not at computer all time.
How could i enter usd/chf short at a price 1,017? Two days ago !
Took me 2 days and nights waiting, to have the price here again.
Also on jpy-crosses: I enter short after 23.6 fibo retrace on the 4 h, and retrace
goes to 61.8 fibo.
BAD entry. I swear, iīll work an that.
- #307
- Jul 2, 2008 10:27am Jul 2, 2008 10:27am
- Joined Apr 2008 | Status: Trader | 7,674 Posts
i have to work on my entrys. I have BAD entrys.
How could i enter usd/chf short at a price 1,017? Two days ago !
Took me 2 days and nights waiting, to have the price here again.
Also on jpy-crosses: I enter short after 23.6 fibo retrace on the 4 h, and retrace
goes to 61.8 fibo.
BAD entry. I swear, iīll work an that.
- #308
- Jul 2, 2008 11:02am Jul 2, 2008 11:02am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
hey peaches. are you bullish on eur/chf? i'm bullish, that's why i see gbp/chf going up eventually, but will wait after a clearer direction. BTW, I'm bullish on eur/usd now, and bullish on all xx/usd and xx/jpy pairs
Oh, here are the reasons, why i wonīt trade this pair last days.
Stochachstics is going up, but with 38 in the middle of nowwhere, but green, so direction up. MACD cycle is flat, maybe up, maybe down, canīt say. Price is in the middle of the channel, so=> nowhere.
Todays candle until now has nearly no body and long shadows. so indicision in the market, a doji in the middle of trend, but which direction is trend ?
My tom-demark resistance is 164,60 on the daily. Support from Mr. demark is at 1,583. Price now is in the middle
Fundamentels tommorrow might boost this one up, but i donīt trade this because my charts tell me not to trade. also have less experience with it.
- #309
- Jul 2, 2008 11:13am Jul 2, 2008 11:13am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
hey peaches. are you bullish on eur/chf? i'm bullish, that's why i see gbp/chf going up eventually, but will wait after a clearer direction. BTW, I'm bullish on eur/usd now, and bullish on all xx/usd and xx/jpy pairs
after a doji, we have a nice bearish candle, MACD down, stochastichs down, there has to be much power to boost this one up to pivot, until end of session. but this is only daily, lower timeframe you may have luck, against the trend.
eur/usd bullish, after break of tom demark last week, we have seen break of channel today, so this one will go next days/week 1,6150 from my chart, which is 161,8 fibo-expansion of the channel.
this is only technically speaking, fundamentals are with this veiw.This also implys, usd/chf is going down.
yen crosses please see karmos thread.
oh, i see a nice home run from gold
- #310
- Edited 11:28am Jul 2, 2008 11:16am | Edited 11:28am
- Joined Apr 2008 | Status: Trader | 7,674 Posts
- #313
- Jul 2, 2008 12:15pm Jul 2, 2008 12:15pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
[quote=Clouds;2088245]not 'totally anti-correlated' or eur/chf would be flat, they are as correlated as usd/jpy , gbp/usd, or any other usd pair, (maybe they are a bit more correlated, but not completely, and that correlation can change), anyway, there was a time when gbp/usd and gbp/jpy were both bullish pairs, and eur/jpy, eur/usd has always been bullish.. long-term speaking they are all still, also i'd put more stock in eur/jpy than eur/usd at the moment. Usd has shown some strength lately[/quot
you are right, correlation between pairs sometimes disconnected, somtimes 70-80%.
http://www.mataf.net/en/forex/tradin...elation/table/
usd showed strengh because dow hasnīt nearly changed today. but its a bearish engulfing for dow on daily, if dow doesnīt jump up a little. so because of this, tommorrow might also be bearish dow.
E/J is very difficult for me, fundamentals tommorrow boost this one up,
BUT: before this, comes asia session
this will drag this pair down.
So iīll wait for better bearish entry, maybe friday/monday.
you are right, correlation between pairs sometimes disconnected, somtimes 70-80%.
http://www.mataf.net/en/forex/tradin...elation/table/
usd showed strengh because dow hasnīt nearly changed today. but its a bearish engulfing for dow on daily, if dow doesnīt jump up a little. so because of this, tommorrow might also be bearish dow.
E/J is very difficult for me, fundamentals tommorrow boost this one up,
BUT: before this, comes asia session
this will drag this pair down.So iīll wait for better bearish entry, maybe friday/monday.
- #314
- Jul 2, 2008 12:20pm Jul 2, 2008 12:20pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
[quote=peaches;2088302]
Well, EU and EJ have been bullish for a long-time. If EU looks topped out, and in for a small retrace, then it can be a good time buy EJ, and vise-versa. and by looks of this chart, it looks like going up to 250 and above in coming years...
not 'totally anti-correlated' or eur/chf would be flat, they are as correlated as usd/jpy , gbp/usd, or any other usd pair, (maybe they are a bit more correlated, but not completely, and that correlation can change), anyway, there was a time when gbp/usd and gbp/jpy were both bullish pairs, and eur/jpy, eur/usd has always been bullish.. long-term speaking they are all still, also i'd put more stock in eur/jpy than eur/usd at the moment. Usd has shown some strength lately[/quot
you are right, correlation between pairs sometimes disconnected, somtimes 70-80%.
http://www.mataf.net/en/forex/tradin...elation/table/
usd showed strengh because dow hasnīt nearly changed today. but its a bearish engulfing for dow on daily, if dow doesnīt jump up a little. so because of this, tommorrow might also be bearish dow.
E/J is very difficult for me, fundamentals tommorrow boost this one up,
BUT: before this, comes asia session
So iīll wait for better bearish entry, maybe friday/monday.
- #320
- Jul 2, 2008 3:13pm Jul 2, 2008 3:13pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
sorry for OT:
cloud,
eur/aud is a buyer !
look at the weekly, and where we are now.
cloud,
eur/aud is a buyer !
look at the weekly, and where we are now.