EURUSD

So basically if Aud/usd will get 100 pips, Eur/usd will go up for 70?

Yes and no. That's great that you're making 30-40% a month. I guess I should see your name next to Bill Gates in several years. Don't let me down now.

Okay, I say that jokingly. I agree that a robot has an advantage over most humans in that it doesn't have emotions. I like to think I'm one of those that is like a robot in the sense that I don't get rattled. It's just my persona and I do realize that you have to stick to your guns to be successful. That's actually something I learned in the business world. I also make it a point to leave my computers and go do something else from time to time.

I use ea's and robots myself. I also agree that it is important to understand how the ea trades and implement them under their ideal situations (which is why my last sentence was, "some can be useful with hands on management.") My ea's are also private and created by programmers I know personally along with some I know only over the internet. As for the never lose a trade ea, I don't know who sold you that line, but it's a 100% false statement. Even if you wait 10 years for the trade to go green, time is opportunity cost. My ea's/robots are also not limited to MT4. Maybe I'm not the disadvantaged one, but really who cares.

If I'm not mistaken, I believe I've seen you on other forums. I believe you once made a post about how you didn't know if you could cope with your recent success. If it was you, I must say I found it hilarious. Good luck fellow trader.

There's a chart for the historical correlation levels but I don't have it at the moment.

To answer your question yes and no. The percentage is over time so an event may kick one out of correlation for a period but over a month, year ect. they are around that level. Again, that level I posted was a guess I don't remember exactly how these correlate daily, weekly, monthly ect.

It's different based on the length of time ect.

I think you can google a forex correlation chart to find one.

what a move

Nice place to learn Forex I would probably fail if I had to lean it there way too many hot babes to keep my mind busy if you know what I mean.
I miss nice beaches right now I am down in Panama and the beaches here suck big time plus it rains 5 times more than Hawaii in this country. The weather is horrible. I am counting the days to get back home.
However before I come back I am going to check on this company for all the guys here that invest with Pana Money it's the big thing now like Genius fund. I have my bet that it's nothing but a small room with some telemarketers and that's it. They do presents themselves as Forex traders giving you up to 2.5% per day on your deposit. So we shall see how real they are.
Randy



wow, i have to retype this through edit, but yeah the place i am learning forex at on miami beach the head trader there is developing his own robotic signal system and it's taking lots of time and years, and money, and to keep it up to date is supposed to be expensive and he's only selling it to banks and the such, it's more of an autopilot that offers signals but humans must make the buy or sell decision based on market conditions

aud

HOLY SH*T did you guys just see that POWER Blast down??

Closed short @ 95 fast pips

Good 'ole news...

Unexpected aud rate decision. :-)

Damn i like this kind of moves its like free money

yeah it's nice to learn right on the beach, it has its advantages like if you feel like taking revenge on the market or have a few bad trades it's good to go outside and look at the beach and relax and go back in the traderoom and keep going, but it's a pain to trade at night with the night clubs and so forth, i never heard of pana money but i have seen panama brokers that come and go, so i wouldn't really trust any of them, but yeah if it's good let me know

True,went to get sprite for a second, come back and see PROFIT $$$

TANSTAAFL

Why does the AUD news affect all currencies? I'm seeing spikes everywhere. Never see that with a CAD report.

I'll be interested to see whether this move can stick or not. It didn't trigger my pending short, which I'm glad about, so now lets see whether it will turn the tide or not

Hmm not sure I am coping pretty well but could have been at th eend of the day I purge my brain and get it ready for the next day lol.
What I meant and I realize I did not phrase it well is they are designed to always win not that they always do, however the ones I speak about will have over a 85% win rate with no more than a 10 or 11% DD.
You are very correct that in trading probably th most important part is to follow the rules if you can do that then really any system will work for you after a while. Most people cannot,you can give them a EA and all they need to do is attach it to a chart and forget about it and they will find a way to mess it up. That is why manual trading is so much more enjoyable as your doing something productive and it's working for you, just having money coming in every month and doing nothing will in time make you crazy. It really will.
Have a good night all hopefully we will have a good pick up when London opens. I still feel it's good to short this market.
Randy



quote=2+2=4ex;3421420]
If I'm not mistaken, I believe I've seen you on other forums. I believe you once made a post about how you didn't know if you could cope with your recent success. If it was you, I must say I found it hilarious. Good luck fellow trader.[/quote]

I long at 3889.

wow... going short here 1.3860 here we come

Aud is a risk currency. When risk aversion is not an issue investors will buy Aud. Its also positively correlated with gold.

When the surprise came that rba didnt change rates to 4.0, traders say, ok well they have been raising rates and now they halt? Not a good global sign of growth. So instead they will buy the usd as a risk aversion strategy.