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  • #131,821
  • Aug 15, 2009 3:11am Aug 15, 2009 3:11am
just posted my views over at news..

do view my humble post

http://www.thegeekknows.com/2009/08/...trendline.html


thanks!
  • #131,822
  • Aug 15, 2009 4:45am Aug 15, 2009 4:45am
Quoting trading801
just posted my views over at news..

do view my humble post

http://www.thegeekknows.com/2009/08/...trendline.html


thanks!
Look into your views .Good technical analysis .but I am looking only shorts as the daily trendline may be broken this time due to the huge diamond formation at the top. price can break up considerably to invalidate it though but most power to the downside as usual.Anyway it stand or not movement will be huge within 3 days time after open the market.
fontu
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #131,823
  • Aug 15, 2009 4:47am Aug 15, 2009 4:47am
http://www.xe.com/news/2009/08/15/614805.htm?c=1&t=
  • #131,824
  • Aug 15, 2009 5:31am Aug 15, 2009 5:31am
Quoting Indroole
http://www.xe.com/news/2009/08/15/614805.htm?c=1&t=
It's mid-market:

"The mid-market rates shown in our information services are neither "buy" rates nor "sell" rates. Mid-market rates are derived from mid-point between the buy and sell rates of large-value transactions in the global currency markets.
Since "buy rates" and "sell rates" include overheads and profit margins that are set independently by each foreign exchange provider, they will vary depending on who you're talking to, and will always be different than the mid-market rate."

You can check here:http://www.usagold.com/live.html is live and run over weekend.
  • #131,825
  • Aug 15, 2009 7:20am Aug 15, 2009 7:20am
Quoting fontu
Look into your views .Good technical analysis .but I am looking only shorts as the daily trendline may be broken this time due to the huge diamond formation at the top. price can break up considerably to invalidate it though but most power to the downside as usual.Anyway it stand or not movement will be huge within 3 days time after open the market.
fontu
fontu
thank u buddy .. do vote for me if u find it a good read ...
  • #131,826
  • Aug 15, 2009 7:39am Aug 15, 2009 7:39am
Quoting trading801
thank u buddy .. do vote for me if u find it a good read ...
do u guys get some economical benefits with those votings?

coz i have seen people fighting like cats and dog to get votes...what difference does it makes?
  • #131,827
  • Aug 15, 2009 8:02am Aug 15, 2009 8:02am
Quoting trading801
thank u buddy .. do vote for me if u find it a good read ...
No to mention I do always & read with interest your analysis .I read before your blog directly & now found the link.well done .
http://www.forexfactory.com/news.php...84#post2957483
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #131,828
  • Aug 15, 2009 8:33am Aug 15, 2009 8:33am
Quoting Chicky
Sorry Knuck, I earlier missed your this post.

No. I have completely changed my method. I am now just a petty thief, stealing petty amounts from several trillions that daily circulate in Wall Street. I steal when no one is looking on pullbacks, breaks, bounces, etc. i.e. whenever there is a possible opportunity and coin is slightly unbalanced.

I have an appointment on Sunday with one senior and experienced trader. He has kindly agreed to evaluate my new method and help me overcome some administrative hurdles.

I am really grateful for the...

Let us know how your meeting goes. Have a good weekend.
  • #131,829
  • Aug 15, 2009 8:38am Aug 15, 2009 8:38am
Hi guys,

Normally I backtest a "new" idea for only a couple of weeks and if it is promising I backtest it longer... around 100 trades.... This makes me believe the next 20% of the trades will be in my favor and it's easier for me to adapt to changes when they come....

Recently one after one of my systems have failed ending up in just 2% for a month... (running 5 systems)... semi mechanically...

Anyways did some research and found this little graph...

Are we going back to 2007 soon? (volatility) are all the trolls gone?

And if so, be careful !!!
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  • #131,830
  • Aug 15, 2009 8:56am Aug 15, 2009 8:56am
Quoting Larseg
Hi guys,

Normally I backtest a "new" idea for only a couple of weeks and if it is promising I backtest it longer... around 100 trades.... This makes me believe the next 20% of the trades will be in my favor and it's easier for me to adapt to changes when they come....

Recently one after one of my systems have failed ending up in just 2% for a month... (running 5 systems)... semi mechanically...

Anyways did some research and found this little graph...

Are we going back to 2007 soon? (volatility) are all the trolls gone?

And if so, be...
Interesting but do not know how to read volatility chart.It is going down sharply as I see , should mean the weekly movements becoming shrinking rapidly?

Prehaps it should be good for us trading mostly daily basis and the hyip/gambling part be reduced from market maker side.
Please clearify in brief if I am wrong & not understood at all.
thanks
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #131,831
  • Aug 15, 2009 9:02am Aug 15, 2009 9:02am
Quoting trading801
just posted my views over at news..

do view my humble post

http://www.thegeekknows.com/2009/08/...trendline.html


thanks!

Just sitting around waiting for Best Buy to open (need another hard drive), going through FF. I looked at your blog and yes it makes sense to me. However I place far less importance on diagonal trend lines than some.

My reasoning in not trusting trend lines is simple. Those charts we all love so much are in effect nothing more than a clock designed to show the progression of orders being filled in time increments of our choosing (ie 1hr,4hr,5min).

Horizontal support and resistance on the other hand has the effect of showing where price is defended by major players. I do use channels but only when looking for sentiment change. Trend change in my opinion is best seen with Horizontal support failure. Right now that point is 1.3745, a break in your trend line may take price back to that point. If we see a daily close below that then we should see a nice run down.

The trend is up so playing a bounce off your trend line is the most logical thing to do. Just don't get sucked into thinking its a trend change if it brakes.

Good luck.
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  • #131,832
  • Aug 15, 2009 10:08am Aug 15, 2009 10:08am
hi im new here.who is the best trader on this thread.so that i can follow or study his method.thanks in advance
Allah has permitted trade and has forbidden interest [koran]
  • #131,833
  • Aug 15, 2009 11:12am Aug 15, 2009 11:12am
Quoting Alihuzaifa
do u guys get some economical benefits with those votings?

coz i have seen people fighting like cats and dog to get votes...what difference does it makes?


not me... for me, the only reason why i like votes is because

1) i know i am doing something useful / helpful
2) i want to help/share to as many folks as possible
  • #131,834
  • Aug 15, 2009 11:14am Aug 15, 2009 11:14am
Quoting knuckledrag
Just sitting around waiting for Best Buy to open (need another hard drive), going through FF. I looked at your blog and yes it makes sense to me. However I place far less importance on diagonal trend lines than some.

roger sir.. will look into it to learn more thanks!
  • #131,835
  • Aug 15, 2009 11:16am Aug 15, 2009 11:16am
Quoting drzakir123
hi im new here.who is the best trader on this thread.so that i can follow or study his method.thanks in advance

http://www.forexfactory.com/showthread.php?t=27286
http://www.forexfactory.com/showthread.php?t=2331
http://www.forexfactory.com/showthread.php?t=155431
http://www.forexfactory.com/showthread.php?t=86429

If your looking to follow someone, look at the above links. Learn how trading works and what works best for you. I know its a lot, when your done with that we can find more.
  • #131,836
  • Aug 15, 2009 12:29pm Aug 15, 2009 12:29pm
I am not a big fan of trading chart patterns, however this one seems very strong plus it is on a bigger time frame, therefore in this case I believe I will end up trading.

I believe during the next couple of weeks we may get some pretty strong movements due to this pattern, as it appears it is coming down to test the neck line, if it fails to brake it, we may get a strong movement to the upside so it can test the head, if it does brake the neck line, we should see S1 at 1.4080, S2 at 1.4000 and S3 at 1.3820.


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  • #131,837
  • Aug 15, 2009 3:49pm Aug 15, 2009 3:49pm
Quoting operigote
I am not a big fan of trading chart patterns, however this one seems very strong plus it is on a bigger time frame, therefore in this case I believe I will end up trading.


http://cloud.forexfactory.com/attach...1&d=1250357298

Attachment
You maybe right. It looks like a Dinosaur Egg, developing cracks. Something big is coming up.
The Thief of Wall Street
  • #131,838
  • Aug 15, 2009 4:15pm Aug 15, 2009 4:15pm
Quoting operigote
I am not a big fan of trading chart patterns, however this one seems very strong plus it is on a bigger time frame, therefore in this case I believe I will end up trading.

I believe during the next couple of weeks we may get some pretty strong movements due to this pattern, as it appears it is coming down to test the neck line, if it fails to brake it, we may get a strong movement to the upside so it can test the head, if it does brake the neck line, we should see S1 at 1.4080, S2 at 1.4000 and S3 at 1.3820.


Attachment

We'll see older post

Making it workout isn't up to us.
  • #131,839
  • Aug 15, 2009 5:12pm Aug 15, 2009 5:12pm
Quoting xtsunami
A psychological take profit is as non-productive as a a psychological stop loss. IMHO, it is better to learn and understand time/price movements and than to trade those movements rather than deciding it has to go 150 pips.
Sadly, in a imperfect world there are only imperfect solutions, SL wise sometimes your better off with Psychological and sometimes a hard SL.

A SL I allow to move out, when circumstances dictate, ie it's a good trade but needs more space, seems to be working for me rather than no SL effectively.

TP, depends on your setup I'm in the get out quick camp, but you need to aim for trades which give >SL*2 or your not going to get anywhere, if it gives you 100pips let it run ofcourse!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #131,840
  • Aug 15, 2009 5:35pm Aug 15, 2009 5:35pm
With the weekly and daily charts diverging this pair favours intraday trading with possible longs on support line from mid June as indicated by green arrows and possible shorts indicated by red arrows on weekly pivot R1 or R2

Attached Image (click to enlarge)
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