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  • #47,761
  • Dec 1, 2008 4:11pm Dec 1, 2008 4:11pm
anyone heard anything about england joining the ecb????
those who can, do. those who cant, talk about those who can
  • #47,762
  • Dec 1, 2008 4:23pm Dec 1, 2008 4:23pm
I found this forum very useful and I just started my career now. I just finished to study some basic things of forex and now wants to start demo:
I have few questions if any body can answer, thanks in advance:

1) How we see the trend for example if I am working on 15 min as entry/exit chart, how I see where is trend for long term ..and where is trend for today and where is now.

2) Any basic system from where should I start. One I found Acumn's pivot system simple and attractive ... any suggestions...?

3) Any recomend books, sites for Fibnocci and chart patterns.
4) What is risk managment? what is mean of 1R, 2R etc?
5) Some books I read that your stop loss should be less then or equal to TP so you will be always successful and one book I read that your stop loss hould be big enough to give room to swing the market to come to in your favour? What should I do... may be I understood wrong... are they same things or different .. and which one is true?

You can also private message me as I think it is very basic question:
Any good template and some good basic indicators will be also very helpful for me.
  • #47,763
  • Dec 1, 2008 4:34pm Dec 1, 2008 4:34pm
Now I'm looking for rebound, I'll make Entry at market, but best price to Enter:

EUR/USD Buy near 1.2577
GBP/USD Buy near 1.4807
AUD/USD Buy near 0.6333
NZD/USD Buy near 0.5263

USD/CAD Sell near 1.2497
USD/CHF sell near 1.2077
USD/JPY Sell near 93.75
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  • #47,764
  • Dec 1, 2008 4:41pm Dec 1, 2008 4:41pm
Quoting Algirdas
Now I'm looking for rebound, I'll make Entry at market, but best price to Enter:

EUR/USD Buy near 1.2577
GBP/USD Buy near 1.4807
AUD/USD Buy near 0.6333
NZD/USD Buy near 0.5263

USD/CAD Sell near 1.2497
USD/CHF sell near 1.2077
USD/JPY Sell near 93.75
I dunno Eur/Usd looks like it could fall to 1.2450 according to daily chart... just my 2pip... unless youre looking at a 100+ SL?

Or maybe no SL ....
  • #47,765
  • Dec 1, 2008 4:49pm Dec 1, 2008 4:49pm
Quoting gatorinla
anyone heard anything about england joining the ecb????
I started a thread on this here http://www.forexfactory.com/showthread.php?t=132615
  • #47,766
  • Dec 1, 2008 4:57pm Dec 1, 2008 4:57pm
Quoting psiholog
no flaming...fundamentals is why i joined this forum in the first place "warrenforex"....while he got banned it is something that truly interests me. as forex =fundamentals and technical analysis intertwined forever....having a broad knowledge of both is crucial for me. So your post along with all other fundamentals posts i greatly appreciate. It was only fate that i started giving my input on technical analysis as it is my strongpoint haha
"as forex =fundamentals and technical analysis intertwined forever...." What a crock of sh*t! (he, he).

It is charting and response to chart movements (which can suddenly be quite contrary to the picture).

WhY? Because all the fat big money boys, with their stables of cars, yauchts, and wimmin` HAVE to keep the price moving....one way or ta other....in order to keep raking it in! So called "fundamentals" are what is spewed out by the manipulators in order to enhance their deceipts and their receipts!
  • #47,767
  • Dec 1, 2008 5:04pm Dec 1, 2008 5:04pm
Quoting traderathome
"as forex =fundamentals and technical analysis intertwined forever...." What a crock of sh*t! (he, he).

It is charting and response to chart movements (which can suddenly be quite contrary to the picture).

WhY? Because all the fat big money boys, with their stables of cars, yauchts, and wimmin` HAVE to keep the price moving....one way or ta other....in order to keep raking it in! So called "fundamentals" are what is spewed out by the manipulators in order to enhance their deceipts and their receipts!
ill keep it short as i know you think the mafia runs the markets
fundamentals is the fuel that drives the engine. the only problem is they are first in line at the gas pump
Different opinions highly valued, ignorant to slander.
  • #47,768
  • Dec 1, 2008 5:12pm Dec 1, 2008 5:12pm
Quoting psiholog
ill keep it short as i know you think the mafia runs the markets
fundamentals is the fuel that drives the engine. the only problem is they are first in line at the gas pump
Yeah, right.....I think. Hey, the ONLY fundamental that you can count on IS...........



THEIR GREED!

And due to that fundamental, the prices will move, bounce, whipsaw....both in logical patterns based on what has come before, and in illogical unpatterned ways. If THEY do not keep it moving in a pattern, and then suddenly zigzag it to screw the unwary or slow to react, then their opportunity to rake it in is reduced........(God forbid!@)
  • #47,769
  • Dec 1, 2008 5:16pm Dec 1, 2008 5:16pm
Quoting traderathome
Yeah, right.....I think. Hey, the ONLY fundamental that you can count on IS...........



THEIR GREED!

And due to that fundamental, the prices will move, bounce, whipsaw....both in logical patterns based on what has come before, and in illogical unpatterned ways. If THEY do not keep it moving in a pattern, and then suddenly zigzag it to screw the unwary or slow to react, then their opportunity to rake it in is reduced........(God forbid!@)
let me put it another way...knowing the fundamental reasons behind their greed allows you to join in on the pips. for example today...massive sellof in the stock market..no reaction in eur/usd. still i hold a bullish bias now so what does that mean....i will not join in on the eur/usd yet but gbp/jpy...well lets just say after 1000pips down i want 38.2% of that run back up..all due to their greed haha
Different opinions highly valued, ignorant to slander.
  • #47,770
  • Dec 1, 2008 5:18pm Dec 1, 2008 5:18pm
There could be a potential bottom/reversal making in the 4H.
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  • #47,771
  • Dec 1, 2008 5:24pm Dec 1, 2008 5:24pm
Quoting psiholog
let me put it another way...knowing the fundamental reasons behind their greed allows you to join in on the pips. for example today...massive sellof in the stock market..no reaction in eur/usd. still i hold a bullish bias now so what does that mean....i will not join in on the eur/usd yet but gbp/jpy...well lets just say after 1000pips down i want 38.2% of that run back up..all due to their greed haha
NOW you're talkin`! And down on the 5 chart, I am seeing intermittent strong "over average" volume spikes on the EJ.....now that the price is low, real low.......

So, I am in agreement that the euro manipulators are loading up the truck in a variety of arenas........for one of their "wham, BANG" manipulated pumps.....

Just an opinion.
  • #47,772
  • Dec 1, 2008 5:25pm Dec 1, 2008 5:25pm
Quoting MackS10
There could be a potential bottom/reversal making in the 4H.
nice
it's good if it goes up because there would be a better position to short
  • #47,773
  • Dec 1, 2008 5:32pm Dec 1, 2008 5:32pm
Quoting emda
nice
it's good if it goes up because there would be a better position to short
Yep, and I can imagine THAT is the way the manipulators think, too! With lots of folks thinking things are on the brink of breaching major supports.....they are quietly loading up longs! When they are ready, they will PUMP iT! As soon as all those lots of folks reverse their thinking as the price quickly ascends, and start buying......they will be buying what the manipulators ARE SHORTING! Pump to Dump! And they will be sittin` pretty for the next major run down......
  • #47,774
  • Dec 1, 2008 5:34pm Dec 1, 2008 5:34pm
Quoting traderathome
NOW you're talkin`! And down on the 5 chart, I am seeing intermittent strong "over average" volume spikes on the EJ.....now that the price is low, real low.......

So, I am in agreement that the euro manipulators are loading up the truck in a variety of arenas........for one of their "wham, BANG" manipulated pumps.....

Just an opinion.
even eur/usd looks like a cheap buy if you apply the whole "buy at the low, sell at the high concept"...tight stop loss of course 40pips or so

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Different opinions highly valued, ignorant to slander.
  • #47,775
  • Dec 1, 2008 5:47pm Dec 1, 2008 5:47pm
You don't rekon this will drop to 1.2450?
Probability Professor
  • #47,776
  • Dec 1, 2008 5:50pm Dec 1, 2008 5:50pm
Quoting Galation
You don't rekon this will drop to 1.2450?
Who knows? Pip movement is like a magnetized ping-pong ball bouncing back and forth.....in a magentic field with the manipulators at the switch!
  • #47,777
  • Dec 1, 2008 5:52pm Dec 1, 2008 5:52pm
Quoting Galation
You don't rekon this will drop to 1.2450?
from my observations and as elaborated by acumen months ago...asian session usually goes opposite the trend for the day...the forex way of "taking a breather between pips for the big dogs"....add on top of that...we havent been able to break that 1.2580 level all day...not even when the dow was at -650...i just dont see any strong reason to go any lower now. ny session tommorow or euro news tonight...thats a different story
Different opinions highly valued, ignorant to slander.
  • #47,778
  • Dec 1, 2008 5:52pm Dec 1, 2008 5:52pm
EUR/USD's fall from 1.3080 is still in progress and dips further to 1.2585 in early US session. At this point, intraday bias remains on the downside as long as 1.2775 minor resistance holds. Further fall is expected for retesting 1.2423 support. Break will indicate that consolidation from 1.2329 has likely completed and recent down trend is resuming for 50% retracement of 0.8223 to 1.6038 at 1.2131 next. On the upside, above 1.2775 will turn intraday outlook neutral again. Further break of 1.3080 resistance will indicate that rise from 1.2423 is still in progress for 1.3290 resistance or above. Though, upside is still expected to be limited below 1.3768 cluster resistance and bring down trend resumption.
Probability Professor
  • #47,779
  • Edited 9:30pm Dec 1, 2008 6:02pm | Edited 9:30pm
I love this new economy!!

Went LONG all my usual pairs, failed miserably of course, applied for a bailout from the TARP funds, was approved, took the proceeds and got rid of the old trading room.

Found this one cheap at an online gummint surplus auction and just got it fixed up.

It even came with a staff, so I have people now...

"Shall we play a game?"
Attached Image
FUBAR...
  • #47,780
  • Dec 1, 2008 6:09pm Dec 1, 2008 6:09pm
Quoting ak4x
I love this new economy!!

Went LONG all my usual pairs, failed miserably of course, applied for a bailout from the TARP funds, was approved, took the proceeds and got rid of the old trading room.

Found this one cheap at an online gummint surplus auction and just got it fixed up.

It even came with a staff, so I have people now...

Shall we play a game?
Ha, you must have been bored
Probability Professor
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