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  • #117,881
  • Jul 3, 2009 8:20am Jul 3, 2009 8:20am
Quoting fontu
With US bank Holiday forex seems enjoying holiday too, virtually no movements after I left 5 hrs back.1 sell & another buy very achievable tp still remains .

better go to sleep to restart next monday.
fontu

What are those lovely looking lines on your chart?
  • #117,882
  • Jul 3, 2009 8:27am Jul 3, 2009 8:27am
Quoting notch
What are those lovely looking lines on your chart?
Hi mate

Try these indicators, they're pretty good for the pivot lines and fibo lines.Most of the time price if price spends time on pivot low 38.2 area which everway the price goes from here up or down you may get direction of the price.
I presume you might have this already but wanted to share with the others as well.
Thanks
Attached File(s)
File Type: mq4 us rd pivot scalping.mq4   15 KB | 353 downloads
File Type: mq4 us spud scalping.mq4   8 KB | 359 downloads
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  • #117,883
  • Jul 3, 2009 8:33am Jul 3, 2009 8:33am
Quoting trendman
Hi mate

Try these indicators, they're pretty good for the pivot lines and fibo lines.Most of the time price if price spends time on pivot low 38.2 area which everway the price goes from here up or down you may get direction of the price.
I presume you might have this already but wanted to share with the others as well.
Thanks

I don't think that I have these set. I'll have a look over the weekend. Cheers.


Anymore indies guys/girls? The PA is slow so maybe you should try a little sharing.
  • #117,884
  • Jul 3, 2009 8:36am Jul 3, 2009 8:36am
Quoting notch
I don't think that I have these set. I'll have a look over the weekend. Cheers.


Anymore indies guys/girls? The PA is slow so maybe you should try a little sharing.
on the settings make all the settings TRUE not false
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  • #117,885
  • Jul 3, 2009 8:37am Jul 3, 2009 8:37am
Quoting notch
I don't think that I have these set. I'll have a look over the weekend. Cheers.


Anymore indies guys/girls? The PA is slow so maybe you should try a little sharing.
I am betting my money on long " building it "

I guess big guys waiting confirmation and so do I

thinking staying like this down and up same range till another 30 minutes

and I hope after that we see some movements
I SEE YOU !!
  • #117,886
  • Jul 3, 2009 8:37am Jul 3, 2009 8:37am
HOLEY SHBEEEP 6 pips in 7 mins weve got action
  • #117,887
  • Jul 3, 2009 8:42am Jul 3, 2009 8:42am
Quoting dbfusion
I am betting my money on long " building it "

I guess big guys waiting confirmation and so do I

thinking staying like this down and up same range till another 30 minutes

and I hope after that we see some movements

i haven't got the heart to pull the trigger. It could do anything.
  • #117,888
  • Jul 3, 2009 8:42am Jul 3, 2009 8:42am

http://www.forexrazor.com/Analysis/M...July-2009.aspx

For next time:

Even if you do not trade the EUR/USD you will be well served to watch Trichet's press conference because it's a great learning lesson for how central bank monetary policy and geo-politics drive price action of currencies and how these guys use verbal rhetoric to manipulate the Forex market.

So, as you're watching Trichet's press conference .... and you're looking for signs he wants the euro to stay supported, he will say things like:

-ECB interest rates have reached their lowest levels
-ECB interest rates may rise in the near-term
-The ECB is more concerned with inflation and price stability compared to deflation
-Deflation is not at all an issue in the Eurozone
-ECB forecasts show an end to the growth contraction in Europe and signs of a growth recovery are present
-European credit markets are stabilizing and money and credit is expanding
-The European banking system is sound
-The ECB will not monetize any sovereign or commercial debt beyond their already existing program
-The ECB expects German exports to rebound in the near-term
-The employment situation in Europe is improving
-The worst of the financial crisis is over and recovery is right around the corner

If Trichet wants the euro to depreciate he will make comments like this:

-ECB interest rates have not reached their lowest threshold and may come lower in the near-term
-The ECB is open and ready to use more non-standard measures
-The ECB will monetize more sovereign or commercial debt
-The ECB is concerned with deflation/disinflation
-Consumer and producer inflation rates are expected to remain negative in the near-term
-The European banking system remains at risk
-Eurozone growth will contract beyond what the ECB has estimated
-Unemployment will continue rising
-The consumer will remain weak for a longer period of time than anticipated
  • #117,889
  • Jul 3, 2009 8:46am Jul 3, 2009 8:46am
Quoting notch
i haven't got the heart to pull the trigger. It could do anything.
that's why i said building it , I am waiting trend confirmation or momentum confirmation.

so far we made one high and a higher low on my hourly chart.
I hope its not a trap.

but i believe soon we will start knowing the answers
I SEE YOU !!
  • #117,890
  • Jul 3, 2009 8:58am Jul 3, 2009 8:58am
The recent attack of the daily pivot at 1.4010 saw it knocked back down, the next approach may see it do the opposite.
  • #117,891
  • Jul 3, 2009 8:59am Jul 3, 2009 8:59am
Awesome week guys...good weekend to all.....take a look on the link I'm posting I believe it is worth the time you will spend watching it.

http://www.cnbc.com/id/31555808
  • #117,892
  • Jul 3, 2009 9:01am Jul 3, 2009 9:01am
time now for the move ?
I SEE YOU !!
  • #117,893
  • Jul 3, 2009 9:01am Jul 3, 2009 9:01am
By chance we can get some actions with Wimbledon ... Federer-Haas !!
I'm long Federer and I short Haas ... sorry but I see nothing to trade here. Boring afternoon ...
"I will walk before they make me run" K.Richards
  • #117,894
  • Jul 3, 2009 9:02am Jul 3, 2009 9:02am
Quoting Platypus
Awesome week guys...good weekend to all.....take a look on the link I'm posting I believe it is worth the time you will spend watching it.

http://www.cnbc.com/id/31555808

Greenspan is a total spanner.
  • #117,895
  • Jul 3, 2009 9:11am Jul 3, 2009 9:11am
sigh no movement
  • #117,896
  • Jul 3, 2009 9:12am Jul 3, 2009 9:12am
Quoting notch
Greenspan is a total spanner.
Agreed...but I think he is right when he told the guy that bubbles are unavoidable...and also I would like to reach his age with a sharp mind as he did
  • #117,897
  • Jul 3, 2009 9:12am Jul 3, 2009 9:12am
Quoting notch
Does anyone trade with Gann? Somebody introduce another method or idea...anything...I'm not learning anything new from this thread.
why bother? you have your system and if its profitably (i hope) why bother?
  • #117,898
  • Jul 3, 2009 9:13am Jul 3, 2009 9:13am
Quoting Jm4x
By chance we can get some actions with Wimbledon ... Federer-Haas !!
I'm long Federer and I short Haas ... sorry but I see nothing to trade here. Boring afternoon ...

I'm through for the day after another profitable week. My major faults are allowing myself to get distracted, then missing opportunities and then rushing a trade to make up for the initially missed opportunity which leads to a...vicious cycle.

For the first time in my trading career I'm starting to trade most of my calls which seem to be around the 80-90% hit rate. I thank FF for allowing me to bombard it with NN forecasts and my other calls. This has allowed me to build a catalogue of evidence under public scrutiny which has confirmed something which should have been obvious to me 3 years ago...my calls, forecasts and general analysis are spot on more times than I need to line my pockets with platinum!

Have a good weekend all.
  • #117,899
  • Jul 3, 2009 9:15am Jul 3, 2009 9:15am
Quoting Atlast
http://www.forexrazor.com/Analysis/M...July-2009.aspx

For next time:

Even if you do not trade the EUR/USD you will be well served to watch Trichet's press conference because it's a great learning lesson for how central bank monetary policy and geo-politics drive price action of currencies and how these guys use verbal rhetoric to manipulate the Forex market.

do you think he wanted to manipulate the forex market yesterday?
  • #117,900
  • Jul 3, 2009 9:16am Jul 3, 2009 9:16am
maybe because of the holiday the movement is dead ?
I SEE YOU !!
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