Thanx for the link.........Checking the infos........
May be that is also fundamental as he analyzes as much data as possible .....He uses a complex mathematical model to speculate price change...........I am not sure what and how he is doing it...............May be that is also a combination of Fundamental and technical approach, not only technical........
Anyway... the question is... can purely technical system make any money?... So do we believe that he doesn't use a single strategy that does not incorporate the fundamentals? If he is using strategies that do not use fundamentals, than we can say that he is making part of his money using a purely technical system (i guess he is smart enough, so when he runs a system it is a profitable one)
I'm not insane; my mother had me tested.
- #344
- Aug 29, 2009 4:05am Aug 29, 2009 4:05am
- Joined Apr 2007 | Status: Evil Kraut | 2,559 Posts
Another good week, I crossed the 50% line. 
http://www.xaron.net/dl/fx/2009/ib/account_290809.png
http://www.xaron.net/dl/fx/2009/ib/t...s_290809_1.png
http://www.xaron.net/dl/fx/2009/ib/t...s_290809_2.png
http://www.xaron.net/dl/fx/2009/ib/account_290809.png
http://www.xaron.net/dl/fx/2009/ib/t...s_290809_1.png
http://www.xaron.net/dl/fx/2009/ib/t...s_290809_2.png
- #346
- Aug 29, 2009 4:19am Aug 29, 2009 4:19am
- Joined Nov 2007 | Status: Conscious Incompetence | 3,274 Posts
Another good week, I crossed the 50% line.
Don't wish it were easier, wish you were better. ~ Jim Rohn
- #348
- Aug 29, 2009 8:37am Aug 29, 2009 8:37am
- Joined Apr 2007 | Status: Evil Kraut | 2,559 Posts
Thanks! Will do some more analysis and charting here soon. I agree that this would be more helpful.
- #350
- Aug 29, 2009 1:52pm Aug 29, 2009 1:52pm
- Joined Apr 2007 | Status: Evil Kraut | 2,559 Posts
In my opinion he is using the photoshop system
- #355
- Sep 1, 2009 5:34am Sep 1, 2009 5:34am
- Joined Apr 2007 | Status: Evil Kraut | 2,559 Posts
Just added two longs:
EUR/USD: long @1.43142 with 7,500 units
AUD/USD: long @0.83623 with 7,500 units
Now I'm long both pairs with 1:1 (well actually a bit below because I have an Euro account). Reason: We are now right at a (small) resistance around 1.43 (see the orange line):
http://www.xaron.net/dl/fx/2009/bwilc/eurusd_010909.png
Don't be confused that you see an hourly chart, that's the lowest timeframe I usually use.
There is no chart for the first trade. You see it on the screenshot above. Nothing special to say about. Actually it was a pretty bad entry, just a toe in to be in the market for the case it goes up.
I mean as long as the up trend is intact it isn't that important where you enter but where you exit! That's the way I see it. Of course you have to deal with some floating losses and close some positions here and there.
True. And actually I don't dig that deep using fundamentals. I just read this and that and see what the long term fundamentals say. Then I look at the daily chart and look where supports and resistance areas are and what kind of technical trend there is. An up-trend is defined for me by higher highs and higher lows, a down trend vice versa.
Don't make it too complicated. Just go with the trend and buy dips. That's sometimes hard if it continues to go against you, I know. The most difficult part is how to get rid of the bad positions. Just trade with ultra low leverage!
Actually that's more the easy part if you combine it with simple technical stuff. The fundamental trend for the EUR/USD is long since 2001/2002 and never was short even though there was a huge drop as you know. That huge drop was simply huge deleveraging. So fundamentals always work, the only question is when?
EUR/USD: long @1.43142 with 7,500 units
AUD/USD: long @0.83623 with 7,500 units
Now I'm long both pairs with 1:1 (well actually a bit below because I have an Euro account). Reason: We are now right at a (small) resistance around 1.43 (see the orange line):
http://www.xaron.net/dl/fx/2009/bwilc/eurusd_010909.png
Don't be confused that you see an hourly chart, that's the lowest timeframe I usually use.
Xaron,
Thanx for the update..............But it would be great help if you could update any chart for your recent trade...........
I mean as long as the up trend is intact it isn't that important where you enter but where you exit! That's the way I see it. Of course you have to deal with some floating losses and close some positions here and there.
Something is easy to understand there and something is harder to grasp for a tyro like me who is finding the fundamental world of exchange rate is huge and seems to me like an ocean......I dug out many research paper on it , many books on it, but I got that some core concepts about the GDP, interest rate, inflation,unemployment rate, retail sales shows the country's current states and long term purchase of bonds and securities of the home country .......Though the GDP is absolutely is a lagging indicator and the interest rate is not changed for...
True. And actually I don't dig that deep using fundamentals. I just read this and that and see what the long term fundamentals say. Then I look at the daily chart and look where supports and resistance areas are and what kind of technical trend there is. An up-trend is defined for me by higher highs and higher lows, a down trend vice versa.
But I am confused about some thing I am sharing with you......
I count only the overshooting model for the fundamental and try to just guess about purchasing power of individuals in a country.......But how can it is possible to measure only getting some weeks' fundamental data??????????
Don't make it too complicated. Just go with the trend and buy dips. That's sometimes hard if it continues to go against you, I know. The most difficult part is how to get rid of the bad positions. Just trade with ultra low leverage!
The concept of BWILC is not so hard but the main problem is to find out the fundamental trend of a pair...........
Actually that's more the easy part if you combine it with simple technical stuff. The fundamental trend for the EUR/USD is long since 2001/2002 and never was short even though there was a huge drop as you know. That huge drop was simply huge deleveraging. So fundamentals always work, the only question is when?
- #357
- Sep 1, 2009 6:05am Sep 1, 2009 6:05am
- Joined Apr 2007 | Status: Evil Kraut | 2,559 Posts
No it's ok. Just ask what you want to know. I don't feel disturbed as it gives some more value to this thread.
Regarding fundamental trends: Those trends don't change that often, maybe about every 5-10 years. A single news event NEVER change an underlying trend!
Regarding fundamental trends: Those trends don't change that often, maybe about every 5-10 years. A single news event NEVER change an underlying trend!
- #358
- Sep 1, 2009 6:08am Sep 1, 2009 6:08am
- Joined Nov 2007 | Status: Conscious Incompetence | 3,274 Posts
No it's ok. Just ask what you want to know. I don't feel disturbed as it gives some more value to this thread.
good trading,
LVG
Don't wish it were easier, wish you were better. ~ Jim Rohn
No it's ok. Just ask what you want to know. I don't feel disturbed as it gives some more value to this thread.
Regarding fundamental trends: Those trends don't change that often, maybe about every 5-10 years. A single news event NEVER change an underlying trend!
Again thanx and yes you are right underlying trend does not break out with some good or bad news........
Regards
Xaron.
No it's ok. Just ask what you want to know. I don't feel disturbed as it gives some more value to this thread.
Regarding fundamental trends: Those trends don't change that often, maybe about every 5-10 years. A single news event NEVER change an underlying trend!
Hello,
thanks for your posts, but now i have another Question
I have examine your Trading List. I have not found any Limit Entrys, only Buy or Sell Market Entrys.
Can you tell us, why you dont put Limits in the Market?
Thanks and Regards
peterherman