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  • #361
  • Jun 14, 2009 4:09am Jun 14, 2009 4:09am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I think everyone who is reading this thread should come out of their shell and start posting their takes on where the trend direction is heading and why do they think it is following katy system or any system of their choice thv etc. What do you think popee?

This will be a great learning curve for all of us. Everyone on this forum is here is to learn, and "everyone is as good as trader on the trading floor".

Until you try it you will not know the "hidden you".

You will see a remarkable change in yourself by doing this. Why?
We tend to take responsibilities for our action. This is human nature and when we post we tend to do a little bit of extra research.

My take on cable: trend seems down, if crosses above 1649/165 will go up to retest 1.66. If not, will go 163500/162500.

Try it!



ams
  • #362
  • Jun 14, 2009 6:15am Jun 14, 2009 6:15am
Quoting ams
I think everyone who is reading this thread should come out of their shell and start posting their takes on where the trend direction is heading and why do they think it is following katy system or any system of their choice thv etc. What do you think popee?

This will be a great learning curve for all of us. Everyone on this forum is here is to learn, and "everyone is as good as trader on the trading floor".

Until you try it you will not know the "hidden you".

You will see a remarkable change in yourself by doing this. Why?
We tend to take...

Hey ams ... and the whole house ...

I agree ... all should post calls ... it is a worthwhile learning curve ... You see, when we make mistakes ... we get to learn from such and hence become better traders ....I hope we all understand by now that this thread is intended to build insight and discernment in traders --- the fruits .. a long life in fx b/ness ... when we retire ... it will be as if we still have work! .. and not just depend on pension ... lol.

Ams ... I also see the potential dip here at the asian open ... but could go either way ... last week we saw a lot of profit taking hence the massive retracement ... ...

Now am feeling much better ... also got a call from my dept. boss and I will be headed for South Africa on 19th. A lot of our institution clients want in to catch the early train ... I bet they are looking at the 2010 world cup. .... I will go to meet with some asset managers and review the balance sheets of our IB picks ... but will keep in touch via my netbook's WIFI down in SA .... and see how you guys are holding up ...

AOB:

It is my hope by now that many traders realize that we are playing inside the forex casino .... and as you can see ... it is evident their is a house and the house always ... always ... carries the day home ... The house is the DJIA, DAX and FTSE 100 here ... .. If we eavesdrop the houses .. then we will win with the house .. ...

Looking forward for the opening ... but will just watch and ride the London session ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #363
  • Jun 14, 2009 8:33am Jun 14, 2009 8:33am
Been following the Iranian elections closely .... seems these guys wont do no good to the mkts after all .... we hoped for a fresh one ... like the Indian one ... saw it Jacked up the mkts? ....

In Iran...

http://news.yahoo.com/s/ap/20090612/..._iran_election
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #364
  • Edited 9:22am Jun 14, 2009 9:07am | Edited 9:22am
A critical day as far as the dollar is concerned ... June 16, where diversification out of the dollar dominance will be very much part of discussions....

All are advised to stay out and just watch the action... who knows .... the March 18th FOMC meeting kind-off spreads may play out here .. blowing a lot of accounts straight through the roofs ..... lol

PA in EU will likely be indecisive, at least before BRIC summit. Last weeks PA in major pairs argue that last week's dipping in EU/GU was corrective retracement and not necessarily a reversal of the uptrend .... still watching out for the all important S level posted earlier on .. Ams stil watching your take on GU ....:nerd:


link:
http://news.yahoo.com/s/ap/20090614/...eu_russia_bric

So ams .... what do you speculate the BRIC summit will be calling on .... I suppose also the FOMC are waiting before they make any rate decisions ....

The most notorious states here are Brazil, Russia and China ... its vital to follow whatever news coming from these nations meanwhile ... However, Japan is standing solid behind USA at least ... just read their minister still has confidence in US securities .... ..

Folks it is imperative we pray that the big houses dont dip ... the resulting mess trickles down all the way to Africa ... in fact you guys ams only feel the tremor ... we feel the earthquake back here ... lol .... That is why I keep my eyes open on what is going on 'geo-politicalwise' ... ...


Ams ... take care of the little kid man ... am still having no kid ... but planning on one soon ... .. great responsibility ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #365
  • Jun 14, 2009 11:30am Jun 14, 2009 11:30am
Quoting ams
I think everyone who is reading this thread should come out of their shell and start posting their takes on where the trend direction is heading and why do they think it is following katy system or any system of their choice thv etc. What do you think popee?

This will be a great learning curve for all of us. Everyone on this forum is here is to learn, and "everyone is as good as trader on the trading floor".

Until you try it you will not know the "hidden you".

You will see a remarkable change in yourself by doing this. Why?
We tend to take...
A quick take on COG .... I do not feel like posting this observation ... Thinking all should observe for themselves ... here is the catch... Ams also pls do not post this observation ... let the new guys observe first-hand ...

Q:- What do you think polynomial regression with the best fit m=2 signifies (COG) when the both the upper and lower green and golden line are very narrowly separated? when there is no signicant gap btw them? .... ...

I still believe COG is a very powerful indicator.... just open your eyes if you are aggressive enough .. you possibly will see good trades ahead of everyone .. OK Tracom ... .. Everything .. slowly by slowly ... no hurry ... first learn basics and we open up more advanced stuff slowly ....


Hmmmmm . ..... good food for thought boys ... am still waiting ...:nerd:
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #366
  • Jun 14, 2009 12:10pm Jun 14, 2009 12:10pm
Thanks for the input on the correlation between EU and DAX/FTSE/DJIA. I haven't been trading this correlation so far and last Friday is the first time I am seeing that. I have heard/read in other thread there is this correlation but haven't really looked at it seriously.

Last Friday was the first time I have seen in action and the DAX really pull the EU back from the previous day high back to the previous day low. Of course the indecisive trading action of the DJIA on Friday didn't really help the direction of EU.

Looking ahead I also think that Katy is telling me that EU will head down south further since the pivot coincide with the 38.2 x-fibo and the COG in 4H is heading south.

So far, there isn't much discussion on how the Asian stock market will move EU, I am not sure what's the direction of EU on Monday morning opening. If Katy is right, then it should find it first target at -0.382 m-fibo.

Just my 2cents
  • #367
  • Jun 14, 2009 12:21pm Jun 14, 2009 12:21pm
Quoting Popee83
A quick take on COG .... I do not feel like posting this observation ... Thinking all should observe for themselves ... here is the catch... Ams also pls do not post this observation ... let the new guys observe first-hand ...

Q:- What do you think polynomial regression with the best fit m=2 signifies (COG) when the both the upper and lower green and golden line are very narrowly separated? when there is no signicant gap btw them? .... ...
Sorry, it is just way beyond me what is a "polynomial regression" in trading

I can only relate them to the bollinger band squeeze when the upper and lower lines of the COG are close together but cannot imagine how the is it possible to have a no significant gap between them. So far on EU, I have seen them at least 40 pips apart most of the time during active trading.
  • #368
  • Jun 14, 2009 12:27pm Jun 14, 2009 12:27pm
hii popee83

im using in your system and its rock!
i just got a one lil question hop u can help me with that..

the m-candles indicator sometimes not working.
i mean sometimes there is no shadows at all, but the indicator is in the list..

how this indicator really work?

and one more thing: can u make an alert to the SHI_SilverTrendSig indicator?
that its will really help me out

thanx
  • #369
  • Jun 14, 2009 12:43pm Jun 14, 2009 12:43pm
Quoting shortybugi
hii popee83

im using in your system and its rock!
i just got a one lil question hop u can help me with that..

the m-candles indicator sometimes not working.
i mean sometimes there is no shadows at all, but the indicator is in the list..

how this indicator really work?

and one more thing: can u make an alert to the SHI_SilverTrendSig indicator?
that its will really help me out

thanx

Hi SBurgi ..... were on earth were you? Tracom started the thread and we are pretty far now ... hope you haven't missed out on a lot ...

m-candle ... is supposed to work well with its' default settings .... what broker are you using? we should check with other guyz here if they experience the same ....

Now .. am not a MQL programmer ... I hope if anyone here does know ... he/she could go ahead and throw in a sound alert for SHI ... would be really appreciated .... So meanwhile ... I have been doing it old school ....:nerd: ... best for scalping opportunities ....
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #370
  • Jun 14, 2009 1:09pm Jun 14, 2009 1:09pm
Quoting DOVOFreak
Thanks for the input on the correlation between EU and DAX/FTSE/DJIA. I haven't been trading this correlation so far and last Friday is the first time I am seeing that. I have heard/read in other thread there is this correlation but haven't really looked at it seriously.

Last Friday was the first time I have seen in action and the DAX really pull the EU back from the previous day high back to the previous day low. Of course the indecisive trading action of the DJIA on Friday didn't really help the direction of EU.

Looking ahead I also think...

Ams also sees it going south ...and I must commend this kind of analysis posted here .... This is how we learn .... at the end of it ... and it wont be long .... we will have the best TF for cross referencing trades both for the short term and long term ... ... This kind of views are very much welcome and appreciated ... all should attempt to read the charts and present their picks. ... This are just guide lines ... most important is that we will be looking at m5 Tf and the houses ... .. for scalps of course! ...


As for me .. I still hold on to a wait and see attitude ... Any trading before Tuesday's BRIC summit ... I believe might be very choppy .... A lot of anxiety is building up ... even down here in Kenya ... So, we watch the NIKKEI at Asian open ... ..

AOB:

Just Speculation: Does anyone think the forthcoming BRIC might have been one of the big driving forces for the massive correction witnessed last week? ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #371
  • Jun 14, 2009 1:15pm Jun 14, 2009 1:15pm
i haven't a lot of time recently so i saw this tread just right now..
hop i didnt missed a lot..

im using in the interbank broker IBFX
maybe the problem is just with me, i'll try to uninstall the program and install it again..

hop that someone works about the SHI alert
its can help us a lot..
  • #372
  • Jun 14, 2009 1:22pm Jun 14, 2009 1:22pm
HERE IS NIKKEI 225 CHART .....

Attached Image (click to enlarge)
Click to Enlarge Name: nikkei 225.gif Size: 9 KB


Also at cross-roads .... faced by a major R zone ....:nerd:
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #373
  • Jun 14, 2009 1:25pm Jun 14, 2009 1:25pm
Quoting shortybugi
i haven't a lot of time recently so i saw this tread just right now..
hop i didnt missed a lot..

im using in the interbank broker IBFX
maybe the problem is just with me, i'll try to uninstall the program and install it again..

hop that someone works about the SHI alert
its can help us a lot..

I also did notice m-fibo not dissecting the day well with IBFX on a demo I had earlier .. i still don't no why ... hope someone here will tell us if you are having success with IBFX .. please .... thanks ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #374
  • Jun 14, 2009 2:14pm Jun 14, 2009 2:14pm
Welcome man ...

whats your take on BRIC on Tuesday? ....
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #375
  • Jun 14, 2009 2:25pm Jun 14, 2009 2:25pm
Quoting Popee83
Welcome man ...

whats your take on BRIC on Tuesday? ....
Hi Pop,

Just having a quick look before Monday trading starts.

Got to be honest with you, I am an intraday trader only - no positions left open at the end of the day and I am almost always out before London close.

Which all means I trade only what I see - only that - I do look at fundementals and don't trade during news events, but longer term events are not that much of an influence on my short term trading style.

My main trading TF is 15 mins with entry/exit on TF 5 mins, but if that is too choppy I drop down to 5 mins TF with entry/exit on 30 sec. Also I have a basket of 8 currencies to choose from, so I use a heat map to look for something tradeable and keep looking until I find something I like.

Keep up the great posts as they are sure good reading.

  • #376
  • Jun 14, 2009 3:13pm Jun 14, 2009 3:13pm
Stocks: Back in black, but...

After the biggest rally in years, Wall Street is merely back to where it was at the end of last year. Now what?


http://money.cnn.com/2009/06/12/mark...head/index.htm
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #377
  • Jun 14, 2009 4:40pm Jun 14, 2009 4:40pm
Hey guyz....

Am having serious problems with my internet connection ... so arms please guide whenever possible ... thanx
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #378
  • Jun 14, 2009 6:12pm Jun 14, 2009 6:12pm
You gotta be kiddin' me .... no one has posted tomorrows trading ranges yet ..

Anyway .. am having net problems but hope that is over now .... Back here it's Monday and this is what m-fibo has handed us ....

EU:

The pivot is at 1.4020 right at the middle of x_fibo 50.0 and 38.2 ....To the upside .. we have the m-fibo .382 node at 1.4094 and the .618 node at 1.4140 and 1.0 lies at 1.4213 .. To the downside ... the .382 m-fibo node is at 1.3947, the .618 node at 1.3901 and 1.0 at 1.3827 ...

It is important to note that should we head south ... the 1.3827 low is very crucial in determining whether this is a reversal of the uptrend or just a corrective retracement .... we are looking at a possible shoulder-head-shoulder .formation at h4 ..:nerd: ..

Katy pointing south at h4 ... No cluster seen here ...

GU:

The m-fibo pivot is at 1.6451 btw 38.2 and 50.0 x_fibo lines.. To the upside .. we are looking at the .382 node at 1.6553, the .618 node at 1.6617 and 1.0 at 1.6719 .... To the down side ... the .382 node is at 1.6349, .618 node at 1.6285 and the 1.0 projection at 1.6183 ...

Katy also pointing south on this baby at h4 ... No clusters seen ...

So folks ... careful as we trade .. anything could happen be4 the BRIC summit ... and wonderful trading day to all ...

FYI: Ps dont forget to peep and see what the big houses are upto ..(DJIA, DAX, FTSE 100 and Nikkei 225) ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #379
  • Jun 14, 2009 6:42pm Jun 14, 2009 6:42pm
Quoting Popee83
Stocks: Back in black, but...

After the biggest rally in years, Wall Street is merely back to where it was at the end of last year. Now what?


http://money.cnn.com/2009/06/12/mark...head/index.htm

Housing, CPI Numbers May Feed Hopes Of Recovery:

Stock investors will watch housing starts, CPI and other data this week for signs that hopes for economic recovery will not turn out to be false. http://media.cnbc.com/i/CNBC/Section...ey_capital.jpg

CNBC.com


If recent weeks' activity is any indication, stocks may stay in a narrow trading range, as recovery hopes have been met with concern about an uncertain job market, rising gasoline prices and higher borrowing costs.

The three major U.S. stock indexes ended just slightly higher for the past week, even though the Dow Jones industrial average broke into positive territory for the year for the first time since early January. ...................



Link ..

http://www.cnbc.com/id/31355571

...... ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #380
  • Jun 14, 2009 7:17pm Jun 14, 2009 7:17pm
Quoting stav01
Popee,

Take a look at the Asctrend that I posted when you get some time. It is earlier than Sidus, but also indicates all the retracements and trend continuations as well. Maybe useful if used in combination with Sidus. Let me know.
I do believe folks that Stav01 is onto something important here ... Av currently incorporated Asctrend on my charts and it is making earlier calls than Sidus .... ..

Personally I will vouch for it .... and currently evaluating it's performance .. seems to be working well with COG ... but caution is needed here... dont forget the rules ... we trade the trend .. if m5 COG is pointing south .. we enter using Asctrend south pointing arrow ... let us not attempt to scalp agaist the trend ....

"I am convinced that He (God) does not play dice." - Albert Einstein
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