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  • #124,521
  • Jul 23, 2009 5:53am Jul 23, 2009 5:53am
Hi guys/gals. is anyone here good at writing programming scripts for Meta Trader4. I would like to automate a trading strategy that iam currently using on a demo account. any help would be appreciated.
  • #124,522
  • Jul 23, 2009 5:55am Jul 23, 2009 5:55am
Quoting realjumper
So here we are back at the daily pivot again.
14 hours of this is enough for me.....time to sleep.

Good luck to all for the US session

Awwww, you're leaving when it's just about to get good.

We'll make 10 extra pips especially in your honor and buy a bottle of
something stout and drink a toast to 'ya. Here's to 14 hours. Let's drink to that.
  • #124,523
  • Jul 23, 2009 6:01am Jul 23, 2009 6:01am
Quoting Xaron
That's the long term story, yes. But we are here to make some money. And the way I see it that the US will recover first. That will light some fire under the USD because rate hike expectations will pop up and blur the debts problems for a while (maybe till the end of year / first half of 2010).

Plus the Dollar has still this risk aversion benefit status. This might change again but is currently still valid. Just ask yourself the simple question if you would buy stocks right now after those multiple days gain without any retracement? Who would...
As explained in my previous post, free money speculators will continue to buy, call them ppt or whatever you want, until all shorts have capitulated. History will repeats itself, it will not be different this time... imho
Getting it right is NOT as important as not getting it wrong.
  • #124,524
  • Jul 23, 2009 6:03am Jul 23, 2009 6:03am
Quoting toshi
Geeez, not much of a bounce. I guess it's weaker that I thought.

Well I'll give it few more minutes, else that's just what I wanted to see.

How was the action at the daily pivot ? And the answer is: it looks weak.
Its getting closer and closer to the data release and I think that should put some pressure on EUR. If possible I would close half the position before the result are shown.
  • #124,525
  • Jul 23, 2009 6:06am Jul 23, 2009 6:06am
Quoting toshi

I see a small bounce in here.

After the bounce, then I'd sell.
What a crappy pivot bounce that was....

The bids must be thinning out ahead of news release......

There are probably offers accumulating at 4220/22.

I'm not selling any additional. I'll just keep it where I have it.
  • #124,526
  • Jul 23, 2009 6:07am Jul 23, 2009 6:07am
ford just put up better then predicted results... so slide may be on hold a little while..plus 4199 has a little strength..lets see how much
those who can, do. those who cant, talk about those who can
  • #124,527
  • Jul 23, 2009 6:08am Jul 23, 2009 6:08am
Here are 2 charts of the Dow to explain my position.

I've made the mistake in 2003, fighting it all the way up. I will not repeat the error this time!!!

Lesson learned...



P.S: Keep in mind that I'm talking with daily time frame in mind.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DOW 2003 7-23-2009 12-53-27 PM.png Size: 38 KB
Click to Enlarge Name: DOW 2009 7-23-2009 12-54-44 PM.png Size: 33 KB
Getting it right is NOT as important as not getting it wrong.
  • #124,528
  • Jul 23, 2009 6:09am Jul 23, 2009 6:09am
http://4.bp.blogspot.com/_9gn6KLa5xt...oalaAlbino.jpg
  • #124,529
  • Jul 23, 2009 6:11am Jul 23, 2009 6:11am
Quoting fxswing
Here are 2 charts of the Dow to explain my position.

I've made the mistake in 2003, fighting it all the way up. I will not repeat the error this time!!!

Lesson learned...



P.S: Keep in mind that I'm talking with daily time frame in mind.
bro.. can you explain exactly whats the take over from this .. thanks !!
  • #124,530
  • Jul 23, 2009 6:12am Jul 23, 2009 6:12am
Quoting Xaron
That's the long term story, yes. But we are here to make some money. And the way I see it that the US will recover first. That will light some fire under the USD because rate hike expectations will pop up and blur the debts problems for a while (maybe till the end of year / first half of 2010).

Plus the Dollar has still this risk aversion benefit status. This might change again but is currently still valid. Just ask yourself the simple question if you would buy stocks right now after those multiple days gain without any retracement? Who would...
Actually,

I am going long for Gold cos still think USD is dead now and EUR & GOLD will go up.

Is that right ?

TKS
  • #124,531
  • Jul 23, 2009 6:12am Jul 23, 2009 6:12am
Quoting fxswing
Here are 2 charts of the Dow to explain my position.

I've made the mistake in 2003, fighting it all the way up. I will not repeat the error this time!!!

Lesson learned...



P.S: Keep in mind that I'm talking with daily time frame in mind.
different party in controll.. one favors a stronger dollar over other..
those who can, do. those who cant, talk about those who can
  • #124,532
  • Jul 23, 2009 6:22am Jul 23, 2009 6:22am
Quoting fxswing
As explained in my previous post, free money speculators will continue to buy, call them ppt or whatever you want, until all shorts have capitulated. History will repeats itself, it will not be different this time... imho
Count me in on that. I'll buy again but not at those levels now.
  • #124,533
  • Jul 23, 2009 6:26am Jul 23, 2009 6:26am
Quoting gatorinla
different party in controll.. one favors a stronger dollar over other..
I still remember ECB rate decision and Trichet speech news on May that one hell of a war...20-30 pips up and down finally bulls won the war, it's around 1.37 price if I'm not mistaken, and that day EU went up to 1.41 region.
  • #124,534
  • Jul 23, 2009 6:28am Jul 23, 2009 6:28am
It looks like fxswing's number of 14218 is the correct one for now until newstime.

Euro will probably want to hover around that number until the data.

Then it's anybody's ballgame.
  • #124,535
  • Jul 23, 2009 6:34am Jul 23, 2009 6:34am
Quoting essenza
I still remember ECB rate decision and Trichet speech news on May that one hell of a war...20-30 pips up and down finally bulls won the war, it's around 1.37 price if I'm not mistaken, and that day EU went up to 1.41 region.
.. BB explanation on spending $333.33 on each sheep in New Zealand did not hold water.. i dont know if he will be back or not... but if it looks likes he will be replaced dollar goes to moon.. equitys go down. either way the light is on in the kitchen now..roaches will scatter.. .. stay tuned...
those who can, do. those who cant, talk about those who can
  • #124,536
  • Jul 23, 2009 6:38am Jul 23, 2009 6:38am
Quoting gatorinla
. either way the light is on in the kitchen now..roaches will scatter.. .. stay tuned...
If we could actually see what they're cooking up in that kitchen,
not only would we lose our appetite and not eat, we'd want to turn out the light
and go back to bed. maybe hide under the bed....
  • #124,537
  • Jul 23, 2009 6:40am Jul 23, 2009 6:40am
Quoting toshi
If we could actually see what they're cooking up in that kitchen,
not only would we lose our appetite and not eat, we'd want to turn out the light
and go back to bed. maybe hide under the bed....
or just walk around in bliss... oops that didnt work...
those who can, do. those who cant, talk about those who can
  • #124,538
  • Jul 23, 2009 6:48am Jul 23, 2009 6:48am
Quoting gatorinla
or just walk around in bliss... oops that didnt work...
No, that's okay, we could do it that way too.....

Until the donkey lovin' action gets underway.

Then I'm going under the bed and hide from horny donkeys.
  • #124,539
  • Jul 23, 2009 7:10am Jul 23, 2009 7:10am
Quoting toshi
No, that's okay, we could do it that way too.....

Until the donkey lovin' action gets underway.

Then I'm going under the bed and hide from horny donkeys.
take it like a man..
those who can, do. those who cant, talk about those who can
  • #124,540
  • Jul 23, 2009 7:12am Jul 23, 2009 7:12am
Hey Guys!

What do you think? It will goes up or down?
- in wonderland
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