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  • #93,741
  • May 7, 2009 10:18am May 7, 2009 10:18am
Quoting egkid
EveryONE add short but i add more Long since 1.32
Edit: I have Faith and trust about my analysis
Half closed with nice ++
  • #93,742
  • May 7, 2009 10:18am May 7, 2009 10:18am
Looking for a channel to trade closing up to NFP. This is one possibility but I expect we will have to go to 1 Hr as this settles down. Either way, there will be some great counters out there thru morning up until release. Pair has tested the back side of that 1 Hr UTL and it seems to be holding.

MK
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  • #93,743
  • May 7, 2009 10:19am May 7, 2009 10:19am
Quoting notch
Gone short.
closed out ever since for -14. First 2 losing trades in a row today (though small) so now on caution. short is very probable but not a good entry
  • #93,744
  • May 7, 2009 10:19am May 7, 2009 10:19am
Quoting BlueSky07
Hi Notch, I dont see NeuroShell RT Trader, did you mean DayTrader Professional?

Yes NeuroShell daytrader.

I was confusing it with TradingSolution Real-Time. A product that I purchased only to find out that there is a problem at the heart of the technology.
  • #93,745
  • May 7, 2009 10:21am May 7, 2009 10:21am
Got to get my colors right, is this to bright? Kinda new to this. Traded with Fidelity for years, so I know the drill, just not this platform.....LOL

MK
  • #93,746
  • May 7, 2009 10:22am May 7, 2009 10:22am
Quoting Bling
what do you mean build a link and what was the study called if it is a study

There are numerous studies available within NeuroShell but my system uses Adaptive TurboProp2 indicator, Principal Component Analysis and Wavelets.
  • #93,747
  • May 7, 2009 10:26am May 7, 2009 10:26am
Question for all the experts here:

I'm not sure that i understand this fully...but to me it seems like no matter what the news is....it's always bad for USD. Everytime we get + numbers on US fundies, EUR goes Up, Now we have bad news on EUR and again EUR goes Up. So what kind of news do we need for EUR to go down? Just wondering how this whole thing works b/c as i see it...it seems like no matter what...USD keeps going down.
  • #93,748
  • May 7, 2009 10:29am May 7, 2009 10:29am
Quoting xiaofeng0717
Hello everyone, I got a little confused here, and I want to hear your pros advise.

I'm a newbie FX trader, trading just for 6 months. Now I'm developing my own trading system, which works well in swing market condition, but soso in market like this week.

each time I entry, I have a high potential rate of market following my signal. If the market does so, I hold and wait. If it not and give reserve signal, I close position and go opposite.

The problem partly comes from of my greedy. I always hope market could move in a large direction(like...
sorry mate u already said that -------->The problem partly comes from of my greedy... use stop loss take what u see and buy another ticket ,sometimes the train stops to buy gas...just saying am not a pro just a contribution
  • #93,749
  • May 7, 2009 10:31am May 7, 2009 10:31am
Quoting Mackeymax
yes, stocks are down and this is due to the fact that banks STILL have bad loans on their books.....


mm

p.s. 30+% run up in the DOW w/o retracement.....smells fishy
mm, they do have a lot of bad loans on the books, but they are also cranking out a whole bunch of new ones. wells fargo did 800,000 loans in the first quarter alone. no stated/stated, all income qualifying and a lot of fha, which is 100% insured by uncle sam. plus, is in the process of buying up all those bad loans.

as for retrace, i see small pull backs from here until 9000, then maybe a big breather?
"i wake up in the morning, and i piss excellence"
  • #93,750
  • May 7, 2009 10:31am May 7, 2009 10:31am
Quoting xiaofeng0717
Hello everyone, I got a little confused here, and I want to hear your pros advise.

I'm a newbie FX trader, trading just for 6 months. Now I'm developing my own trading system, which works well in swing market condition, but soso in market like this week.

each time I entry, I have a high potential rate of market following my signal. If the market does so, I hold and wait. If it not and give reserve signal, I close position and go opposite.

The problem partly comes from of my greedy. I always hope market could move in a large direction(like...

I had the same problem with my model. I came to realise that it is more psychological than system performance. What is the profit/loss ratio of your system? My system has a ratio of four, so on average I should earn 4 in profit for every pound put at risk. The down side is that it some times has a series of losses that I find hard to stomach or that I'm sitting on a heap of pips only to see them evaporate because no exit signal is generated.

But the expectancy/profit ratio changes if I start to second guess the signals of the model. Either, trade it or redevelop it to reflect your exact risk appetite.

My two cents.
  • #93,751
  • May 7, 2009 10:31am May 7, 2009 10:31am
Is anyone else trading the bearish butterfly that completed it's initial formation at the 1.3469 high?

I'm presently targeting the equilibrium point of 1.3308-ish but it could move along fast so I would feel better.

(Note: I'm trading the 1-hr and 15m timeframe)
"The markets are the greatest chess match ever played."
  • #93,752
  • May 7, 2009 10:35am May 7, 2009 10:35am
Quoting BlueSky07
Question for all the experts here:

I'm not sure that i understand this fully...but to me it seems like no matter what the news is....it's always bad for USD. Everytime we get + numbers on US fundies, EUR goes Up, Now we have bad news on EUR and again EUR goes Up. So what kind of news do we need for EUR to go down? Just wondering how this whole thing works b/c as i see it...it seems like no matter what...USD keeps going down.
more and more traders are starting to realize that the dollars they have are worthless since the FED is going to send more new ones from the helicopter the next day... so what do you do having those papers ? convert them into something with more value before it is too late...
  • #93,753
  • May 7, 2009 10:35am May 7, 2009 10:35am
Quoting notch
I had the same problem with my model. I came to realise that it is more psychological than system performance. What is the profit/loss ratio of your system? My system has a ratio of four, so on average I should earn 4 in profit for every pound put at risk. The down side is that it some times has a series of losses that I find hard to stomach or that I'm sitting on a heap of pips only to see them evaporate because no exit signal is generated.

But the expectancy/profit ratio changes if I start to second guess the signals of the model. Either, trade...

Gone long. 2 losses in a row...the downside of system trading.
  • #93,754
  • May 7, 2009 10:35am May 7, 2009 10:35am
actually went long and closed out for scalp profit. Stopped trading for next 30 min
  • #93,755
  • May 7, 2009 10:41am May 7, 2009 10:41am
Believe me, I have been trading for 10 + years, however, not all in Forex. It's all about momentum, momentum, momentum. I would never trade a news release. I always wait to see where the dust settles, then I trade the aftermath, or momentum it takes when it bounces or breaks. That is the best advice I can give you.

MK

Quoting BlueSky07
Question for all the experts here:

I'm not sure that i understand this fully...but to me it seems like no matter what the news is....it's always bad for USD. Everytime we get + numbers on US fundies, EUR goes Up, Now we have bad news on EUR and again EUR goes Up. So what kind of news do we need for EUR to go down? Just wondering how this whole thing works b/c as i see it...it seems like no matter what...USD keeps going down.
  • #93,756
  • May 7, 2009 10:46am May 7, 2009 10:46am
Quoting BlueSky07
Question for all the experts here:

I'm not sure that i understand this fully...but to me it seems like no matter what the news is....it's always bad for USD. Everytime we get + numbers on US fundies, EUR goes Up, Now we have bad news on EUR and again EUR goes Up. So what kind of news do we need for EUR to go down? Just wondering how this whole thing works b/c as i see it...it seems like no matter what...USD keeps going down.
HA yeah im thinking the same damn thing it has gotten weird this week its the black gov figures controlling everything (evil laugh)
  • #93,757
  • May 7, 2009 10:47am May 7, 2009 10:47am
Quoting emda
more and more traders are starting to realize that the dollars they have are worthless since the FED is going to send more new ones from the helicopter the next day... so what do you do having those papers ? convert them into something with more value before it is too late...

what do you suggest we convert our dollars into?
"i wake up in the morning, and i piss excellence"
  • #93,758
  • May 7, 2009 10:48am May 7, 2009 10:48am
emda and fxexpress, thank you for your replies. So does this mean that if the Stress Test Results are good...then EUR will go up again and if they are bad then EUR will go up too?
  • #93,759
  • May 7, 2009 10:50am May 7, 2009 10:50am
Quoting BlueSky07
emda and fxexpress, thank you for your replies. So does this mean that if the Stress Test Results are good...then EUR will go up again and if they are bad then EUR will go up too?
And what about Non-Farm Employment Change tomorrow, if numbers are good then EUR Up as well?
  • #93,760
  • May 7, 2009 10:52am May 7, 2009 10:52am
Quoting BlueSky07
emda and fxexpress, thank you for your replies. So does this mean that if the Stress Test Results are good...then EUR will go up again and if they are bad then EUR will go up too?
My $0.02

You're always best off to just trade the market and ignore the news/reasons why the market's moving. All that matters is how the market reacts.
"The markets are the greatest chess match ever played."
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