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  • #130,101
  • Aug 11, 2009 9:06am Aug 11, 2009 9:06am
i lied just hit 50 and greed has me stuck lol
  • #130,102
  • Aug 11, 2009 9:08am Aug 11, 2009 9:08am
I'm long at 1,4111
  • #130,103
  • Aug 11, 2009 9:11am Aug 11, 2009 9:11am
US released its Wholesales Inventories for June showing a decline as it came in at -1.7%; worse than the forecasted reading of -0.9% and the prior revised reading of -1.2 from -0.8%.
  • #130,104
  • Aug 11, 2009 9:14am Aug 11, 2009 9:14am
Quoting Alihuzaifa
US released its Wholesales Inventories for June showing a decline as it came in at -1.7%; worse than the forecasted reading of -0.9% and the prior revised reading of -1.2 from -0.8%.
A bigger negative number is good...not worse. Maybe worse for other countries trying to sell into the US, but it's a good thing for the US that they are running low on wholesale inventories. Careful how you read the news.
Si vis pacem, para bellum.
  • #130,105
  • Aug 11, 2009 9:15am Aug 11, 2009 9:15am
Will the price turn around as on 8th and 29th of July..... or are we falling off the cliff? That is the big... well at least mine... (-: , question !!
Kjellik74
  • #130,106
  • Aug 11, 2009 9:18am Aug 11, 2009 9:18am
Quoting kjellik74
Will the price turn around as on 8th and 29th of July..... or are we falling off the cliff? That is the big... well at least mine... (-: , question !!
I'm waiting for probabilities to get more favourable then I'm long. S1 is not far away, risk is S2.
  • #130,107
  • Aug 11, 2009 9:21am Aug 11, 2009 9:21am
The power of compounding interest.
Each year there are approximately 260 days to trade the forex market. Minus a few for holidays.
Lets do a little exercise. Say you don't trade every day. You take 14 days off for vacation, you're sick 7 days, and have 7 bad hair days in which you do not trade.
That leaves us with 232 trading days.
Here are some figures assuming you start with 1,000 USD:
$1,000 compounded at 1 percent for 232 days is: $10,059
$1,000 compounded at 2 percent for 232 days is: $98,909
$1,000 compounded at 3 percent for 232 days is: $951,121
$1,000 compounded at 4 percent for 232 days is: $8,948,180
What about two years? (And no, I'm NOT saying any of this is feasible.)
$1,000 compounded at 1 percent for 464 days is: $101,185
$1,000 compounded at 2 percent for 464 days is: $9,783,172
$1,000 compounded at 3 percent for 464 days is: $904,632,660
$1,000 compounded at 4 percent for 464 days is: $80,069,927,382
Of course, I am not saying these figures are realistic. Some are not even in the realm of possibility due to liquidity issues.
I do know that TRILLIONS are traded on the forex every day, dwarfing all other security exchanges.
I don't know what the limit is, or when my upwards equity curve will start to slow down.
But I do plan on finding out. Are you with me?
Who SAYS I can't turn a few thousand dollars into a million within the course of a few years.
The sky is the limit as they say.
  • #130,108
  • Aug 11, 2009 9:26am Aug 11, 2009 9:26am
Quoting siobi
whre is the double top? post some chart....
I see some tops at different tf (red) and possible bottom (yellow) ,the last not though expected.Anyway the crazy sell off should stop soon.Gu,oil perhaps ready go up but gj not still to down .

fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #130,109
  • Aug 11, 2009 9:27am Aug 11, 2009 9:27am
Quoting Atlast
I'm waiting for probabilities to get more favourable then I'm long. S1 is not far away, risk is S2.
Yes, but for me daily S1 is a clear break of the lower 4hr channel that has developed since 8th of July, and would be a sell for me.... also weekly S1 are at 1,4065, so right now I am counting on the bottom of the channel to hold which lies at 1,4100. If not I am afraid.... well I would stop out at least.... we would go down heavy of the next days. It is (and will be) interesting though, to see how the market are (and will) react(ing) to the news. As it seem like on Friday, positive US news and rising stocks that before was positive for the EUR, now have shifted to be positive for the greenback. If that is the case, then a bigger correction that is expected in the world's stock markets, could be greenback negative and EUR positive. It will be interesting to see how this whole thing develops over the next days and weeks.
Kjellik74
  • #130,110
  • Aug 11, 2009 9:29am Aug 11, 2009 9:29am
arrgghhh s & P 500 is red
  • #130,111
  • Aug 11, 2009 9:31am Aug 11, 2009 9:31am
Quoting trading801
arrgghhh s & P 500 is red
Do u trade based on data released by bloomberg?
  • #130,112
  • Aug 11, 2009 9:32am Aug 11, 2009 9:32am
looks like yesterday's bottom could hold up...(seems like there may be strong support at the trendline across the lows from 7/8 & 7/29)

took a long at 1.41196...stop 1.40696...looking to ride it up to at least 1.4235 (.382 rt) and possibly 1.4400...

g/l & g/t to all
  • #130,113
  • Edited 10:39am Aug 11, 2009 9:34am | Edited 10:39am
Quoting Alihuzaifa
The power of compounding interest. ... The sky is the limit as they say.
Have sent a "simple and compounding" PM. Thank you.

http://iit.ches.ua.edu/fincal/interestcal.html

Cheers.
  • #130,114
  • Aug 11, 2009 9:35am Aug 11, 2009 9:35am
yeah got the PM thankyou
  • #130,115
  • Aug 11, 2009 9:37am Aug 11, 2009 9:37am
200SMA
PW 1.4110
Channel
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 46 KB
  • #130,116
  • Aug 11, 2009 9:37am Aug 11, 2009 9:37am
Quoting orangeRANGE
Do u trade based on data released by bloomberg?

hi buddy... basically my style is to use S & P 500 as a clue..

when S & P 500 turns red, sooner or later , USD apparently strengthens ... this became so since 08 2008..

guess its the risk adverse thingy..

u can read my article this retrancement on my signature..

perhaps i will write an article about this relation over the weekends...

so although i feel this str is just a retracement, we are currently hanging around the lower trendline... and S & P 500 is red... so caution !!

HUG ON TO YOUR FU@#$@#%KING TREE !
  • #130,117
  • Aug 11, 2009 9:38am Aug 11, 2009 9:38am
Quoting siobi
risky...
my daily setting for today..

SELL
1.4170, target 1.4110, SL 1.4220.
target meet and today is a beautiful battle........
  • #130,118
  • Aug 11, 2009 9:44am Aug 11, 2009 9:44am
Quoting kjellik74
Yes, but for me daily S1 is a clear break of the lower 4hr channel that has developed since 8th of July, and would be a sell for me....
Good point.
  • #130,119
  • Aug 11, 2009 9:45am Aug 11, 2009 9:45am
Quoting trading801
hi buddy... basically my style is to use S & P 500 as a clue..

when S & P 500 turns red, sooner or later , USD apparently strengthens ... this became so since 08 2008..

guess its the risk adverse thingy..

u can read my article this retrancement on my signature..

perhaps i will write an article about this relation over the weekends...

so although i feel this str is just a retracement, we are currently hanging around the lower trendline... and S & P 500 is red... so caution !!

HUG ON TO YOUR FU@#$@#%KING TREE !
I use this kinda strategy during my early day in fx world...watching sNp...bla bla bla...all sorts of things...and it is history for me now...

Anyway, thanks for sharing your idea...
  • #130,120
  • Edited 9:58am Aug 11, 2009 9:48am | Edited 9:58am
Quoting trading801
hi buddy... basically my style is to use S & P 500 as a clue..

when S & P 500 turns red, sooner or later , USD apparently strengthens ... this became so since 08 2008..

guess its the risk adverse thingy..

u can read my article this retrancement on my signature..

perhaps i will write an article about this relation over the weekends...

so although i feel this str is just a retracement, we are currently hanging around the lower trendline... and S & P 500 is red... so caution !!

HUG ON TO YOUR FU@#$@#%KING TREE !

As you watch the SP and or the Dow keep a note on whether the yields on the 2 Year US Bonds and the 10 Year US Bonds go up or down.


Today there is a Auction of 30 Billion US of the 3 Year US Bonds. The money flow will show you where the currencies will go. It is another form of correlation other than Dow up or down.

It really helps my trading and I constantly win trading forex. However maybe it will not work for you. I am a fundamental trader using technicals to determine entry and exit of my positions.


http://www.actionforex.com/action-in...2009081193661/
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