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  • #22,101
  • Aug 20, 2008 9:44pm Aug 20, 2008 9:44pm
Quoting daanman3
Warren I think you are mistaken. I was talking about acumen in my last 2 posts. I am ok with you.

can you post some dollar index charts and links?
Let me explain the reason for my post to you. I know you were talking with Mike (acumen)

I see now how considerate and kind you really are by the demeaner in your posts with others. We agreed to move on and we both have. The apology was because I misjudged you. It goes to show how anger can cause unpleasant things. I have real respect for you and I just wanted to tell you that and I just did.

http://www.ino.com/

http://quotes.ino.com/chart/?s=NYBOT_DX&t=f

http://quotes.ino.com/chart/?s=NYBOT_DX&v=s


Bruce
{Promotion Removed}
  • #22,102
  • Aug 20, 2008 9:49pm Aug 20, 2008 9:49pm
Quoting seesaw
This makes sense, thank you. I noticed you are using 10m chart and I use the 15m...does it make a huge difference because my RSI in my 15m is still around 80.

I'll tell you in a minute if it works.

Price continues to rise.

RSI falls to 50.
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  • #22,103
  • Aug 20, 2008 9:49pm Aug 20, 2008 9:49pm
02:31 EUR/USD: Trading With Bid Tone, To Face Stern Test Later Sydney, August 21: The EUR/USD is trading around 1.4780 after a 50 pip rise during the Asian morning session. The main event for the EUR later today will be the release of PMI data all across Europe and including the EZ Flash PMI for August. The USD move higher has been less about optimism towards the US economy, but rather a deterioration of other economies in the OECD. Investors have unwound "decoupling" strategies, as it has become apparent that the same malaise that has slowed the US economy over the past two years in now infecting economies in Europe in particular.

Up until last week EZ economic data was surprising to the downside and set off alarm bells that at least some of the economies that make up the Euro-zone were already in recession. This notion was reinforced last week when EZ GDP came in negative even though it was bang on expectations. The French Manufacturing and Services PMI will be the first released at 07:00 GMT and the median expectation is for 47.3 and 47.5 respectively. German PMI data comes out at 7:30 GMT and is expected to show 50.3 for Manufacturing and 52.5 for Services. EZ Manufacturing and Services PMI will be released at 08:00 GMT and are expected to show 47.0 and 48.0 down from 47.4 and 48.3. Analysts feel that if the German PMI data comes in below 50 for manufacturing or services, it will weigh on the EUR and sharpen expectations for ECB easing down the track. The EUR/USD trades 1.4777/82. [email protected]
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  • #22,104
  • Aug 20, 2008 9:57pm Aug 20, 2008 9:57pm
Quoting acumen
I'll tell you in a minute if it works.

Price continues to rise.

RSI falls to 50.
but that would mean it's a decent indicator to short, doesn't it?
  • #22,105
  • Aug 20, 2008 9:57pm Aug 20, 2008 9:57pm
Quoting Warren Forex
02:31 EUR/USD: Trading With Bid Tone, To Face Stern Test Later Sydney, August 21: The EUR/USD is trading around 1.4780 after a 50 pip rise during the Asian morning session. The main event for the EUR later today will be the release of PMI data all across Europe and including the EZ Flash PMI for August. The USD move higher has been less about optimism towards the US economy, but rather a deterioration of other economies in the OECD. Investors have unwound "decoupling" strategies, as it has become apparent that the same malaise that has slowed the US economy over the past two years in now infecting economies in Europe in particular.

Up until last week EZ economic data was surprising to the downside and set off alarm bells that at least some of the economies that make up the Euro-zone were already in recession. This notion was reinforced last week when EZ GDP came in negative even though it was bang on expectations. The French Manufacturing and Services PMI will be the first released at 07:00 GMT and the median expectation is for 47.3 and 47.5 respectively. German PMI data comes out at 7:30 GMT and is expected to show 50.3 for Manufacturing and 52.5 for Services. EZ Manufacturing and Services PMI will be released at 08:00 GMT and are expected to show 47.0 and 48.0 down from 47.4 and 48.3. Analysts feel that if the German PMI data comes in below 50 for manufacturing or services, it will weigh on the EUR and sharpen expectations for ECB easing down the track. The EUR/USD trades 1.4777/82. [email protected]
looks like EU going down again further more upcoming US employment data seems to be optimistic.
  • #22,106
  • Aug 20, 2008 10:00pm Aug 20, 2008 10:00pm
Quoting SunTrader
I disagree almost completely but will just say that there is no one way to win in the trading game. What works for one doesn't work for another. Can't be done without hard work, patience and determination but even then the right trading decisions must be made for the style and temperament of the individual.

What do you disagree with?

Mike

PS - I won't respond with anger or sarcasm... unless you say something really stupid.
  • #22,107
  • Aug 20, 2008 10:02pm Aug 20, 2008 10:02pm
Quoting seesaw
but that would mean it's a decent indicator to short, doesn't it?
The yellow triangle is a short.

Mike
  • #22,108
  • Aug 20, 2008 10:03pm Aug 20, 2008 10:03pm
Quoting acumen
I'll tell you in a minute if it works.

Price continues to rise.

RSI falls to 50.
I like this one better {no, I don't trade this time frame}
Attached Image
  • #22,109
  • Aug 20, 2008 10:03pm Aug 20, 2008 10:03pm
Quoting Warren Forex
Let me explain the reason for my post to you. I know you were talking with Mike (acumen)

I see now how considerate and kind you really are by the demeaner in your posts with others. We agreed to move on and we both have. The apology was because I misjudged you. It goes to show how anger can cause unpleasant things. I have real respect for you and I just wanted to tell you that and I just did.

http://www.ino.com/

http://quotes.ino.com/chart/?s=NYBOT_DX&t=f

http://quotes.ino.com/chart/?s=NYBOT_DX&v=s


Bruce
thanks I will put the site in favorites.

Looks like we have a doji candle on the weekly. We might get a serious retracement in all usd pegged currencies in the days to come.
  • #22,110
  • Aug 20, 2008 10:10pm Aug 20, 2008 10:10pm
This is my opinion . Have a nice trade today(London sesion).
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  • #22,111
  • Aug 20, 2008 10:23pm Aug 20, 2008 10:23pm
I agree with malcom that indicators are be a bit undervalued. As far a stochastics are concerned, one has to adjust D% and K% according to the underlying issue.

Take a weekly chart of EUR/AUD and apply slow stochastics to it, you will see that it nails almost every top.

Are TL and fibs more useful? With the volatility these days, I doubt it. I have also seen enough H&S patterns fail to know that additional confirmation is needed before entering into a trade.
  • #22,112
  • Aug 20, 2008 10:25pm Aug 20, 2008 10:25pm
Quoting acumen
What do you disagree with?

Mike

PS - I won't respond with anger or sarcasm... unless you say something really stupid.
I was just doing as you were, stating my beliefs. So no argument here either.

I am not saying short term, frequent trading cannot be profitable. but from my experience it is not the preferred way for long term, consistent results. As is the case of most well known, documented successful traders.

Now of course these days moves that tooks months and even years happen in weeks and even 3-5 day periods occassionally. Certainly not intra-day.

Just look at the example of former floor traders that left the exchanges for the PC. They had to re-learn trading because they no longer had an advantage to scalp for quick, high percentage trades. Why would anyone else believe they can do better if these guys couldn't do it.
  • #22,113
  • Aug 20, 2008 11:05pm Aug 20, 2008 11:05pm
Quoting SunTrader
I was just doing as you were, stating my beliefs. So no argument here either.

I am not saying short term, frequent trading cannot be profitable. but from my experience it is not the preferred way for long term, consistent results. As is the case of most well known, documented successful traders.

Now of course these days moves that tooks months and even years happen in weeks and even 3-5 day periods occassionally. Certainly not intra-day.

Just look at the example of former floor traders that left the exchanges for the PC. They had to re-learn trading because they no longer had an advantage to scalp for quick, high percentage trades. Why would anyone else believe they can do better if these guys couldn't do it.

I honestly believe it's what suites your trading 'personality'.

I've tried swing and long term but I couldn't sleep at night.

I prefer to jump on moves intra-day.

My wins are small but so are my draw downs.

My hit rate is always around the 75% mark.

Mike
  • #22,114
  • Aug 20, 2008 11:08pm Aug 20, 2008 11:08pm
Quoting acumen

I've tried swing and long term but I couldn't sleep at night.
Been there, although I usually don't sleep until I am in the positive.
  • #22,115
  • Aug 20, 2008 11:11pm Aug 20, 2008 11:11pm
Good morning folks


according to my sh$ty indicators

5M -neutral turning to slightly down
15M -turning to neutral
30M -strong up
1H -slightly up
3H - if 4750 holds then up
daily- bulish candles
  • #22,116
  • Aug 20, 2008 11:12pm Aug 20, 2008 11:12pm
Quoting 5ysfx
Good morning folks


according to my sh$ty indicators

5M -neutral turning to slightly down
15M -turning to neutral
30M -strong up
1H -slightly up
3H - if 4750 holds then up
daily- bulish candles
thx for t info..buddy

Gd morning too...Here in Singapore is 12PM

sonic
  • #22,117
  • Aug 21, 2008 12:36am Aug 21, 2008 12:36am
Quoting 5ysfx
Good morning folks
It's the afternoon here!

Time for a beer, then a scotch, then a bottle of red
  • #22,118
  • Aug 21, 2008 12:40am Aug 21, 2008 12:40am
Morning

Taking a small short here, just finding it hard to believe this thing can go up with all the news today expected worse than previous for euro.. Let's see
Quoting NuckingFuts
It's the afternoon here!

Time for a beer, then a scotch, then a bottle of red
Have a good one mate
On the path to Enrichment.
  • #22,119
  • Aug 21, 2008 12:42am Aug 21, 2008 12:42am
Quoting acumen
I honestly believe it's what suites your trading 'personality'.

I've tried swing and long term but I couldn't sleep at night.

I prefer to jump on moves intra-day.

My wins are small but so are my draw downs.

My hit rate is always around the 75% mark.

Mike
Yea, whatever floats your boat. If it's profitable and you're comfortable, stay with it.

Banks and boys with the big bucks would be killing us all if there was only one method to play this game.
  • #22,120
  • Aug 21, 2008 12:59am Aug 21, 2008 12:59am
Quoting Jurrasic
Have a good one mate
Cheers mate, will do. In-laws have finally gone home
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