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  • #30,981
  • Sep 16, 2008 7:08pm Sep 16, 2008 7:08pm
Quoting 5ysfx
Did i miss something ?
What 6 period cycle ?
Clarify please
7 Periods in a Week of Life but Only 6 in a Week of FX.
  • #30,982
  • Sep 16, 2008 7:09pm Sep 16, 2008 7:09pm
Quoting TIckerShuffl
I was referring to equivalent in USD. The average wage in UK was $50K, perhaps more when the pound was trading 2.12-2.20, so I stand corrected about my incorrect usage of "minimum" wage. I was trying to make a point about the income level relative to cost of goods. I was not trying to mislead.

The average wage in US...is less than 50K.
I could always google average wage but really could care less. Just what I make. But I think their avg wage is less, not more. Now there are countries with highly avg wage, just not the UK. I willing to be proven wrong though.
  • #30,983
  • Sep 16, 2008 7:09pm Sep 16, 2008 7:09pm
Quoting acumen
That was probably a little over the top... even for me.

Sorry Tiki.
Don't you think a guy with a screenname like mine picked up on that little reference to my preferred mode of transportation? Was I hurt? Absolutely not! Too busy watching price and .
Up or down, gimme a ticket
  • #30,984
  • Sep 16, 2008 7:12pm Sep 16, 2008 7:12pm
Quoting Bemac
Spoken like a true Stars & Striper. {I'm assuming you are American, please pardon me if i am mistaken.}

Why would the EEC want Parity & Why wont China Peg?

One Global Currency {parity}, Never. But, perhaps 2 or 3 Majors is feasible somewhere in the future. EUR/USD @ Par would be similar to USD/CAD @ Par. Could happen but won't last.

Could happen but won't last? WTH does that mean???
And no, originally I'm not an American. EXTRA! EXTRA! A non-American who is actually a US bull. How dare he!!!!!

Now that the "decoupling/kicking the US when it is down" thingy didn't quite work out, the world will have to find another reason to hate this country.
  • #30,985
  • Sep 16, 2008 7:12pm Sep 16, 2008 7:12pm
Quoting Bemac
7 Periods in a Week of Life but Only 6 in a Week of FX.
6 ?
i thought 5 point 3
  • #30,986
  • Sep 16, 2008 7:13pm Sep 16, 2008 7:13pm
Quoting SpecialEd
DD9, if you don't mind, I'll share something with you that I think I learned in this thread. Don't worry - or even care - what the Fed/AIG decision does to the market. Be sure that you have developed a system or method that repeatedly enables you to watch the pa (price action) and react with a buy or a sell (you really don't care!) that will make you money.

One of the biggest things I learned here, in addition to the above paragraph, is money management (I lost a lot of money by not using stop-losses). Perhaps the biggest single benefit was running into the 44-year old diaper dandy Acumen and his pivot/psych method. I simplified my charts, added a couple of quirks that I picked up along the way, and shxt! I'm making money. I repeat, I don't care what it does to the market. Following fundamentals too closely causes me to lose focus on the technicals.

My 2 cents, which ain't worth 2 cents.
Ed

Thanks for you input and well said! I do indeed use SL's, but perhaps I don't set them correctly... in other words my money management might be all messed up.

I did watch the pivot video from acumen or that acumen speaks of... not sur if he was the one that made the video or not. Anyway, what settings should be used for that pivot indicator?

Thanks,
Doug (now also known as DD9 - Double D 9) lol
  • #30,987
  • Sep 16, 2008 7:14pm Sep 16, 2008 7:14pm
Quoting acumen
http://www.thefxpivotpoint.com/Videos.htm

Under Getting Started:

Pivot Point Indicator For Metatrader
Thank you Sir
  • #30,988
  • Sep 16, 2008 7:14pm Sep 16, 2008 7:14pm
pic say everything:
 Yeah; You're new. Check the site for Pic Sizes to avoid ALL Members having to scroll because of your post.
Fix it & then we can discuss it. If you can't fix it, then delete it until you know how to post it correctly.
Please.
  • #30,989
  • Sep 16, 2008 7:16pm Sep 16, 2008 7:16pm
I count 5 periods. Why treat Sun pm session seperately? 120 hours after forex opens in Far East it closes in USA. 120 hours / 24 = 5 days.

Unless some count the odd ball hours some brokers have opening Sun afternoon before Far East "rings the bell".
  • #30,990
  • Sep 16, 2008 7:18pm Sep 16, 2008 7:18pm
I've been watching by the sidelines since Monday and look at how it's trading within the triangle. It has rejected the 61.8 and 50 Fibo. Anything goes, at least within this triangle.
Attached Image (click to enlarge)
Click to Enlarge Name: 170908.jpg Size: 358 KB
  • #30,991
  • Sep 16, 2008 7:20pm Sep 16, 2008 7:20pm
Quoting dougdude9
Thanks for you input and well said! I do indeed use SL's, but perhaps I don't set them correctly... in other words my money management might be all messed up.

I did watch the pivot video from acumen or that acumen speaks of... not sur if he was the one that made the video or not. Anyway, what settings should be used for that pivot indicator?

Thanks,
Doug (now also known as DD9 - Double D 9) lol
Acumen could better answer that. I use "his" methodology, but I don't use his pivots. I use some that I downloaded off here:
SDX-tzpivots, SDX-sweetspots, and "Support and Resistance". See attached.

Note: These indicators are built for Metatrader v4, and only that package, I think.

Good luck.
Attached File(s)
File Type: ex4 SDX-SweetSpots.ex4   3 KB | 303 downloads
File Type: mq4 SDX-SweetSpots.mq4   3 KB | 353 downloads
File Type: ex4 SDX-TzPivots.ex4   21 KB | 302 downloads
File Type: mq4 SDX-TzPivots.mq4   23 KB | 337 downloads
File Type: ex4 Support and Resistance.ex4   2 KB | 316 downloads
Up or down, gimme a ticket
  • #30,992
  • Sep 16, 2008 7:21pm Sep 16, 2008 7:21pm
Pipsmaker

What criteria did you use to draw your triangle?
  • #30,993
  • Sep 16, 2008 7:22pm Sep 16, 2008 7:22pm
Quoting SunTrader
I count 5 periods. Why treat Sun pm session seperately? 120 hours after forex opens in Far East it closes in USA. 120 hours / 24 = 5 days.

Unless some count the odd ball hours some brokers have opening Sun afternoon before Far East "rings the bell".
Im not sure the Kiwis {rugby holligans. Let someone else win once in a while} and the Awsome Aussies would appriciate being encompassed within a bracket of "The Far East." Maybe they will let us know...
  • #30,994
  • Sep 16, 2008 7:23pm Sep 16, 2008 7:23pm
See you in London.
Up or down, gimme a ticket
  • #30,995
  • Sep 16, 2008 7:25pm Sep 16, 2008 7:25pm
this reminds me cable daily setup
but anything can happen
just an idea
Attached Image (click to enlarge)
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  • #30,996
  • Sep 16, 2008 7:25pm Sep 16, 2008 7:25pm
Quoting SpecialEd
Don't you think a guy with a screenname like mine picked up on that little reference to my preferred mode of transportation? Was I hurt? Absolutely not! Too busy watching price and .
  • #30,997
  • Sep 16, 2008 7:26pm Sep 16, 2008 7:26pm
Quoting Bemac
Im not sure the Kiwis {rugby holligans. Let someone else win once in a while} and the Awsome Aussies would appriciate being encompassed within a bracket of "The Far East." Maybe they will let us know...
So the Koala's as some here like to refer to them, is that better.
Not the Aussie but it is what it is.

What about the point of 5 or 6. You seem to be of the 6 crowd, yes??
  • #30,998
  • Sep 16, 2008 7:29pm Sep 16, 2008 7:29pm
Quoting Bemac
7 Periods in a Week of Life but Only 6 in a Week of FX.
In fact it's only 5... not taking account of those "one-hour-long" daily bars...
  • #30,999
  • Sep 16, 2008 7:29pm Sep 16, 2008 7:29pm
Quoting Gofer Pips
Pipsmaker

What criteria did you use to draw your triangle?
It's actually trend lines; lower lows. Having said Asian sessions are the most boring; its like watching paint dry. London and NY are where the action is.

I'm still learning so these are just my thoughts as I learn more over the days.
  • #31,000
  • Sep 16, 2008 7:29pm Sep 16, 2008 7:29pm
http://1.bp.blogspot.com/_nmIuQsC9b-...R_USD+Spot.png
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