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  • #21,341
  • Aug 19, 2008 12:54am Aug 19, 2008 12:54am
On my charts, the EU trend is still Short. / Down.

Quoting trading801
i am short now from 1.4677 SL at 1.4705 GL to me.. if this doesnt work.. i am dead meat
  • #21,342
  • Aug 19, 2008 12:54am Aug 19, 2008 12:54am
Quoting daanman3
Jay do you seriously live in north korea?? (i don't think you do but you have all north korean things on you profile so I am asking)
Actually, internet usage in North Korea is strictly regulated and therefore I cannot confirm or deny my location as it could put me in heaps of trouble.
Not all sins are created equal
  • #21,343
  • Aug 19, 2008 12:55am Aug 19, 2008 12:55am
Nice Move since Midnight, kodie2006 !


Bruce
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  • #21,344
  • Aug 19, 2008 12:57am Aug 19, 2008 12:57am
Took some pips on a small short, out before the news now. Maybe it'll pull us up for a while for a nice selling position..
On the path to Enrichment.
  • #21,345
  • Aug 19, 2008 12:59am Aug 19, 2008 12:59am
Quoting Warren Forex
I have no idea but it is always important to watch how new news affects the currency. Sometimes BUY THE RUMOR - SELL THE NEWS will work.

If I have a strong sense of what a News Release might be I will be in before the News ! Use FTP as it relates to Fundamentals + Technicals + Perception

You can get an EDGE in trading FX if you can be aware of when the CURRENT Perception is wrong and be ready for some New Data coming out that might change it. Say Fannie Mae being taken Over by the FED which will happen but when ?

They did Great Yesterday ... Just Look how much value their stock lost. The FED has to PRINT more money if they take them over. The shareholders will be the BIG Losers !

Some of the shareholders just happen to be from Asia as well holding OVER One Trillion Five Hundred Million in PAPER ...

They must be getting real confident in holding US Dollars ! I hold NO EUR/USD at the moment.

Have A Good Trading Day ...


Bruce
Many thanks Warren. I'm always intrested in finding out ways to better understand the fundemental point of view. I also would like to learn how to better integrate fundementals into my technical trading system. These sorts of posts help me a lot
  • #21,346
  • Aug 19, 2008 12:59am Aug 19, 2008 12:59am
1.4660(M)Daily Low Aug 15 Buy A Bounce, Sell Break 1.4615(M)Daily Low Feb 20 Cover On A Bounce 1.4440(M)Sell Off Low Feb 7 Cover On A bounce 1.4420(M)Up TL Fm Mar 10 06 Take Profit/Sell Break
Strategy:[email protected] An inside day yesterday, but also no clear indication of a bottom/reversal. Daily studies remain at highly oversold levels, but are still edging south. We see scope for a slide into the 1.4360-65 support zone unless there"s a 1.4950+ close. Selling rallies remains favored, using stops above the preceding session"s high. (ams) 05:51 GMT
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  • #21,347
  • Aug 19, 2008 1:00am Aug 19, 2008 1:00am
Quoting Jay Walker
Actually, internet usage in North Korea is strictly regulated and therefore I cannot confirm or deny my location as it could put me in heaps of trouble.

So how is the great leader, have you had the privilege to see his wrist?
  • #21,348
  • Aug 19, 2008 1:04am Aug 19, 2008 1:04am
Quoting altrader
Many thanks Warren. I'm always intrested in finding out ways to better understand the fundemental point of view. I also would like to learn how to better integrate fundementals into my technical trading system. These sorts of posts help me a lot
From A Previous Post On Knowledge Is Power !!!

http://www.forexfactory.com/images/icons/icon14.gif Fred's Rules !!!
These are rules of trading done by my friend Fred, a commodity trader. The rules were published in a futures trading magazine called "Trends In Futures"

These rules should be followed as they stand the test of time !!!

Fred's Rules !!!

Fred’s Rules

FINALLY...
I would like to share with you My personal parameters for
successful commodity trading, provided by FS, a
TIF subscriber. I think these are great and they mirror many of
my personal trading rules. Serious traders, consider this a
keeper. Here it is in Freds words:
With regard to my rules, most of them have been around
a lot longer than me and although well-known on the logic
level, are sometimes difficult to implement/execute.
Personally, I think the most important rule is the first one
since all the others are essentially predicated on it. Keep up
the good work with TIF!
1. NEVER trade with funds you cannot afford to lose
the stress will negatively impact your judgment.
2. NEVER put on a trade without a SIMULTANEOUS
stop loss. Period. This is seminal.
3. NEVER change a stop loss except to move it up/down
as a position moves in your favor. Otherwise just let the stop
loss take you out of the position within predetermined
parameters.
4.When in doubt for whatever reason (instinct?)
GET OUT.
5. Avoid overtrading.
6. When trading profitably, get AGGRESSIVE. (We all
have streaks!)
7. Never use more than 50% of your equity at one time
and, depending on the size of your account, make certain
that no SINGLE trade uses more than X% of your equity. (I
use 4%.)
8. Never add to a losing position. PERIOD.
9. Forget your EGO because the market is ALWAYS
right PERIOD.
10. Have patience in winning trades and give them time
to unfold.
11. Determine in advance what your TIME parameters
are for a trade, as this will impact both strategy as well as
predetermined RISK parameters.
12. Money management is at least as important as trade
selection and can be MORE important.
13. Trade multiple markets but not more than SEVEN
at a time.


P.S. These are my friends rules which I had been following before I met him a few years ago. These were rules that were published in TIF magazine. I endorse these RULES 100%
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  • #21,349
  • Aug 19, 2008 1:04am Aug 19, 2008 1:04am
Quoting daanman3
So how is the great leader, have you had the privilege to see his wrist?
You don't want to know which parts of him I saw

*shudders*
Not all sins are created equal
  • #21,350
  • Aug 19, 2008 1:05am Aug 19, 2008 1:05am
So the german inflation over doubled in a month. Not a very positive news for euro area.
  • #21,351
  • Aug 19, 2008 1:06am Aug 19, 2008 1:06am
damn it.. the news is good so i tot the price will shoot up.. i panicked closed order.. took $2.. tried to buy but got it while it spiked immediately -$10.

y is the price falling when the news is good for euro.. i feel like shit now
  • #21,352
  • Aug 19, 2008 1:06am Aug 19, 2008 1:06am
Quoting Jay Walker
You don't want to know which parts of him I saw

*shudders*
  • #21,353
  • Aug 19, 2008 1:09am Aug 19, 2008 1:09am
the ppi was much better then expected but it dropped, this tells me that we are going down till the ZEW release.

I am looking to short till that release.
  • #21,354
  • Aug 19, 2008 1:11am Aug 19, 2008 1:11am
Quoting altrader
Many thanks Warren. I'm always intrested in finding out ways to better understand the fundemental point of view. I also would like to learn how to better integrate fundementals into my technical trading system. These sorts of posts help me a lot
One Of My Favorite Video's on FX Trading !!!

Here is the Link to the FTP video.

http://broadcast.ino.com/education/t...eboard_6/?blog

PLEASE WATCH IT !!! Thank You !!!
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  • #21,355
  • Aug 19, 2008 1:13am Aug 19, 2008 1:13am
Since it is positive numbers and we are in range, I think we will go to 1,4700 again...
Attached Image (click to enlarge)
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Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #21,356
  • Aug 19, 2008 1:14am Aug 19, 2008 1:14am
Quoting Warren Forex
One Of My Favorite Video's on FX Trading !!!

Here is the Link to the FTP video.

http://broadcast.ino.com/education/t...eboard_6/?blog

PLEASE WATCH IT !!! Thank You !!!
Warren, that video is informative and I mean no offense but it's the third time that I remember seeing you posting it.

I appreciate that you want to help some people here but they also should do some discoveries themselves.
Not all sins are created equal
  • #21,357
  • Aug 19, 2008 1:14am Aug 19, 2008 1:14am
Quoting daanman3
the ppi was much better then expected but it dropped, this tells me that we are going down till the ZEW release.

I am looking to short till that release.
It's very important to understand what all these strange acronyms mean. PPI is an indicator of inflation. it's only positive if ECB is willing to raise interests which it definitely is not going to do now.

My thoughts are that PPI doubled because euro has gotten weaker and the material costs are rising fast. And that is not good for any economy.
  • #21,358
  • Aug 19, 2008 1:14am Aug 19, 2008 1:14am
Quoting trading801
damn it.. the news is good so i tot the price will shoot up.. i panicked closed order.. took $2.. tried to buy but got it while it spiked immediately -$10.

y is the price falling when the news is good for euro.. i feel like shit now
Because nobody cares about PPI right now; ECB is not going to think raise the rate in response to it, anyway. Everything that matter is the economic sentiment and the good PPI number is likely to have a bad influence on ZEW;
"Everybody needs money. That's why they call it money" - Danny De Vito
  • #21,359
  • Aug 19, 2008 1:14am Aug 19, 2008 1:14am
Quoting Warren Forex
Nice Move since Midnight, kodie2006 !


Bruce
Out Of Funds ... Some Run that was to 110.22 since Midnight as EUR/USD tests 1.4650 !


Bruce
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  • #21,360
  • Aug 19, 2008 1:17am Aug 19, 2008 1:17am
Quoting Jay Walker
Warren, that video is informative and I mean no offense but it's the third time that I remember seeing you posting it.

I appreciate that you want to help some people here but they also should do some discoveries themselves.
Some are not as informed as You and I !

You took up as much space with your comment as my post did. I will try hard to not post it again for at least 30 days.

Is that a deal ?

We both agree on things !


Bruce
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