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  • #140,001
  • Sep 8, 2009 3:54am Sep 8, 2009 3:54am
Quoting fontu
May be but to me nothing is overbought as far you can buy it ,not see any message " it is overbought & any buy order can't be done this time '
fontu

yeah in all my crazy trading, overbought and over sold indicators hardly work
  • #140,002
  • Sep 8, 2009 3:54am Sep 8, 2009 3:54am
Quoting stevefx
No joke-Daily straight down to M5 all overbought-H4 was just pushed into overbought. Last time that happened it was good for a 400 point short..
0,6965 short on nzdusd
  • #140,003
  • Sep 8, 2009 3:56am Sep 8, 2009 3:56am
Quoting $$$
0,6965 short on nzdusd

gold is the indicator. I think its not gonna stay abowe $1000 for long
  • #140,004
  • Sep 8, 2009 3:56am Sep 8, 2009 3:56am
Quoting $$$
Its all owerbought. The situation is globally pre-corrective. All pairs, all futures, golds spot.

Only oil is still not owerbought.

Mind it

But good to remember market can stay irrational longer than anyone of us can stay solvent..
Some drink at the fountain of knowledge. Others just gargle !
  • #140,005
  • Sep 8, 2009 3:57am Sep 8, 2009 3:57am
i believe we will see 1.4480-90 area today, gold is over 1000 usd so still it is in uptrend
  • #140,006
  • Sep 8, 2009 4:00am Sep 8, 2009 4:00am
Quoting Byrd
I think it was, the market can stay irrational longer then you can stay rational.

And the market will stay overbought as long as some fool is willing to buy it at a higher price. We'll see if that's above 1.4450
Ya hear that Fool? How about doin' us a favor and buy some more. I can barely wait to say it (but not gonna) until it hits ... you know what level
  • #140,007
  • Sep 8, 2009 4:02am Sep 8, 2009 4:02am
Quoting trading801
yeah in all my crazy trading, overbought and over sold indicators hardly work
They don't work if you use them as overbought or oversold and try a swing (ie. go against the trend). Take a Stochastic for example and go ahead and buy when the indi crosses 80 up.See how many times you'da made some good pips.
  • #140,008
  • Sep 8, 2009 4:03am Sep 8, 2009 4:03am
Quoting fontu
May be but to me nothing is overbought as far you can buy it ,not see any message " it is overbought & any buy order can't be done this time '
fontu
Щасщгкыу we have to make s/l orders
  • #140,009
  • Sep 8, 2009 4:06am Sep 8, 2009 4:06am
Quoting $$$



ofcourse we have to make s/l orders
Look at it. I feel the fallflow
  • #140,010
  • Sep 8, 2009 4:07am Sep 8, 2009 4:07am
how long can you buy..?? still enough money to buy..??
  • #140,011
  • Sep 8, 2009 4:12am Sep 8, 2009 4:12am
Quoting moonrider
how long can you buy..?? still enough money to buy..??

Watch out! A comet was seen on e/u :nerd:
  • #140,012
  • Edited 4:27am Sep 8, 2009 4:13am | Edited 4:27am
Quoting $$$
Щасщгкыу we have to make s/l orders
Yes it good to place pending orders at some important levels /SR to have good pips easily & i do at times but when not observing tp set for limited pips . I saw many cases when trade for only 5 pips & not placed sl or my ea set to set one lost 100 pips for one trade .set sl limited also above that level.
here today I set one pending at 44 for shorts now in & now change sl , tp as I see it .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #140,013
  • Sep 8, 2009 4:20am Sep 8, 2009 4:20am
Quoting TheFisherman
They don't work if you use them as overbought or oversold and try a swing (ie. go against the trend). Take a Stochastic for example and go ahead and buy when the indi crosses 80 up.See how many times you'da made some good pips.
Thats not true. It depends on the conditions of the pair, trending versus climbing. If you bought and sold on H1 RSI signals over the last few months on the Euro with a 20 point SL you would have cleaned up. Its been in a slow trending climb. Steep conditions and yes, its useless, except for scalping on the smaller TFs.
  • #140,014
  • Sep 8, 2009 4:30am Sep 8, 2009 4:30am
Quoting stevefx
Thats not true. It depends on the conditions of the pair, trending versus climbing. If you bought and sold on H1 RSI signals over the last few months on the Euro with a 20 point SL you would have cleaned up. Its been in a slow trending climb. Steep conditions and yes, its useless, except for scalping on the smaller TFs.
Check this:

Timeframe: Daily
Indi: Stochastic 14 2 2 w/ levels 80 and 20.

Buy when Stoch goes 80+ and close at 80-
Sell when Stoch goes 20- and close at 20+

Tell me how many pips you'da had this year How about last year?
  • #140,015
  • Sep 8, 2009 4:32am Sep 8, 2009 4:32am
Yowsa! That's what I like to see first thing in the morning - ha, ha.

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Bank of Scotland's Daily Market Strategy

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Good trades all!
Nothing worth having is easy.
  • #140,016
  • Edited 4:45am Sep 8, 2009 4:35am | Edited 4:45am
just got a short term sell signal low risk, TP 30 pips
Stopped out -8 pips
  • #140,017
  • Sep 8, 2009 4:40am Sep 8, 2009 4:40am
Quoting TheFisherman
Check this:

Timeframe: Daily
Indi: Stochastic 14 2 2 w/ levels 80 and 20.

Buy when Stoch goes 80+ and close at 80-
Sell when Stoch goes 20- and close at 20+

Tell me how many pips you'da had this year How about last year?
I don't use Stochs-I use RSI, go back through the data on the H1 for the last few months. Buy under 30 and sell over 70 with a 20 point SL. Many pips to be had that way in the right conditions. It works well with many pairs. Dunno what to tell you.
  • #140,018
  • Sep 8, 2009 4:44am Sep 8, 2009 4:44am
Damn... i'm so freaking short that i can't see myself in the mirror again...

Just hoping that if it comes down, it comes down hard.
  • #140,019
  • Sep 8, 2009 4:46am Sep 8, 2009 4:46am
Quoting stevefx
I don't use Stochs-I use RSI, go back through the data on the H1 for the last few months. Buy under 30 and sell over 70 with a 20 point SL. Many pips to be had that way in the right conditions. It works well with many pairs. Dunno what to tell you.
At first glance you seem to be right with the following correction: buy when RSI returns above 30 and sell when RSI returns below 70 with 20 pips SL. If you do it the way you're telling it (sell when RSI crosses 30 below or buy 70 above you are losing money). However, should I have the time I can make an EA and test this.
  • #140,020
  • Sep 8, 2009 4:46am Sep 8, 2009 4:46am
Pop, pop, pop goes the stop.
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