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Indian Guru Trading Majors

  • #621
  • Oct 18, 2009 7:12pm Oct 18, 2009 7:12pm
my salaamnamaste2 doesn t work

bene
  • #622
  • Oct 18, 2009 7:17pm Oct 18, 2009 7:17pm
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  • #623
  • Oct 18, 2009 7:31pm Oct 18, 2009 7:31pm
Im waiting 5min go down at 0 price i will short then. If not i will follow back long with 1min.
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GELORE
  • #624
  • Oct 18, 2009 7:32pm Oct 18, 2009 7:32pm
Quoting Bene
good luck to you Bene.
  • #625
  • Oct 18, 2009 7:33pm Oct 18, 2009 7:33pm
can you explain me what do you mean by :
"Im waiting 5min go down at 0 price i will short then"

thank you
  • #626
  • Oct 18, 2009 7:38pm Oct 18, 2009 7:38pm
it is my first trade and in live with forexlion strategy, not my first trade in live, i am +50 right now but my salaamnaste doesnt work

thank you for your encouragement, much appreciated

bene
  • #627
  • Oct 18, 2009 7:39pm Oct 18, 2009 7:39pm
Quoting Bene
can you explain me what do you mean by :
"Im waiting 5min go down at 0 price i will short then"

thank you
I might see that cable will go down trend. 5min now just want to touch at o level, this is the best part to go short at the moment but u must watch at the 1min chart first where the place to enter short then.
But pls dont follow me coz im new at this one.
GELORE
  • #628
  • Oct 18, 2009 8:26pm Oct 18, 2009 8:26pm
oh no, bad news for bulls, sorry
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  • #629
  • Oct 18, 2009 8:38pm Oct 18, 2009 8:38pm
please how do you know to exit ? My salaamnamaste indicator no working.
Thank you for all your explanation

bene
  • #630
  • Oct 18, 2009 8:39pm Oct 18, 2009 8:39pm
Quoting forexlion
oh no, bad news for bulls, sorry
Hi lion, am i do the right way?
Can u pls comen. TQ.
GELORE
  • #631
  • Oct 18, 2009 8:51pm Oct 18, 2009 8:51pm
Price is the last thing to move just before indicators.Since you are the Indian Pro I will like to know what move prices,prices don't just move just like that,please don't tell me supply and demand, I know that you are smarter than that.Prices are moved purposely,in which case pure price action can be very misleading.I know that your answer will be boothing me of your thread.
  • #632
  • Oct 18, 2009 9:10pm Oct 18, 2009 9:10pm
Quoting Lessformore
Price is the last thing to move just before indicators.Since you are the Indian Pro I will like to know what move prices,prices don't just move just like that,please don't tell me supply and demand, I know that you are smarter than that.Prices are moved purposely,in which case pure price action can be very misleading.I know that your answer will be boothing me of your thread.

  1. Price movement is the cummulative effect of economic factors
  2. Since the entire volume of forex movement is because of the inter bank exchange, you need to find reasons why the banks feel a particular move should happen.
  3. When an exporter needs to convert cash from one currency to another, when the interest rates of a country change, when the political conditions change, and so on
  4. Retail traders are nowhere in the picture, we are just flies.

  • #633
  • Oct 18, 2009 9:15pm Oct 18, 2009 9:15pm
Quoting forexlion

  1. Price movement is the cummulative effect of economic factors
  2. Since the entire volume of forex movement is because of the inter bank exchange, you need to find reasons why the banks feel a particular move should happen.
  3. When an exporter needs to convert cash from one currency to another, when the interest rates of a country change, when the political conditions change, and so on
  4. Retail traders are nowhere in the picture, we are just flies.

  1. Using moving averages and fibonacci, we only try to see where the trend is going, we can never predict or forecast the moves.
  2. And the forex market is so huge that a single news item cannot affect it, its always a cummulative effect.
  3. So if you need to very accurate work out whats going to happen, then you need to learn to connect a series of news items togather to figure that out.

The Simpler Alternative is:

  1. Close your trap and concentrate on technical analysis of the movements

  • #634
  • Oct 18, 2009 9:23pm Oct 18, 2009 9:23pm
Templates:

  1. Never mix the indicators, some of them are racist and do not like the others, so they go on strike.

Attached File(s)
File Type: tpl day_exp.tpl   17 KB | 403 downloads
  • #635
  • Oct 18, 2009 9:30pm Oct 18, 2009 9:30pm
Quoting Bene
please how do you know to exit ? My salaamnamaste indicator no working.
Thank you for all your explanation

bene
salaam is not important, if it does not work, it is just telling you the slope of xpma, whether xpma is going up or down

exits are purely subjective, your own decision when to exit
  • #636
  • Oct 18, 2009 9:44pm Oct 18, 2009 9:44pm
If GU goes down from here, what should I be targetting

the nearest monthly low is 1.6153

which also coincides with the 2 peaks on 4 hour which were former range resistance areas.
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  • #637
  • Oct 18, 2009 9:46pm Oct 18, 2009 9:46pm
Hi Lion
We were talkingabout how far the retrace might be on Friday.

Your chart here suggests1.5950, am I correct please in how Ive read yourchart?

Thank you.
Quoting forexlion
oh no, bad news for bulls, sorry
  • #638
  • Oct 18, 2009 9:55pm Oct 18, 2009 9:55pm
Quoting isguru
Hi Lion
We were talkingabout how far the retrace might be on Friday.

Your chart here suggests1.5950, am I correct please in how Ive read yourchart?

Thank you.
nothing more than 1.6153

badly ranging between 1.64 and 1.6153 with the tendency to break out upwards
  • #639
  • Oct 18, 2009 10:12pm Oct 18, 2009 10:12pm
Youre not as tough as you try todisplay - very kind of you tohelp.
Quoting forexlion
nothing more than 1.6153

badly ranging between 1.64 and 1.6153 with the tendency to break out upwards
  • #640
  • Oct 18, 2009 10:20pm Oct 18, 2009 10:20pm
Quoting isguru
Youre not as tough as you try todisplay - very kind of you tohelp.
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