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  • #198,881
  • Feb 18, 2010 9:29pm Feb 18, 2010 9:29pm
does anyone have a MT4 script for tracking your performance and if so, how do you use it??


Thanks.
  • #198,882
  • Feb 18, 2010 9:29pm Feb 18, 2010 9:29pm
Quoting uraceulose
Go read that post again...he said NO RATES FOR USD WILL GO UP IN 2010... is the discount rate not related to the US dollar or am I missing something? I'm not bashing sky, I love reading his opinions because they are usually the opposite of my own and it helps me make sure I'm not missing something...I'm just pointing out, expect the unexpected...anything can and eventually will happen in forex markets.
The fed had telegraphed the discount move. Not unexpected. They want banks to borrow on the open market. Not the emergency window.
Funds rate move will one of the last things they do. Much later when unemployment drops significantly. We won't see that this year.
  • #198,883
  • Feb 18, 2010 9:30pm Feb 18, 2010 9:30pm
Quoting BudFox
US futures look promising for more $$ strength tomorrow, what will the euros do while I sleep? Out of this pair for now, short U/J, would say there is a correlation between pairs but that would be a lie, U/J does what U/J wants to do regardless of everything else, just playing a major trendline and 200 day MA, time will tell.

See you on the flip side

not sure you are looking at the same chart I am looking at

2 days back no demand then upthrust , break 1092 tomorrow see you at 1080 then 1060 .... bear flag on daily maybe ?

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  • #198,884
  • Feb 18, 2010 9:30pm Feb 18, 2010 9:30pm
Quoting The Fool
No. More like "Paul Volcker - The Final Chapter". USD strength has been in evidence since they let him out of the closet - about late November.
I can't understand the "Volker thing yet"

My feeling is that "VOlker rule will not pass the senate. I think even if it is an intresting idea it will not pass the senate. It has at list 2 issues.

1- If we had Volker rule I don't think you could have avoided the crisis.
2- How are you going to enforce it. FED had a lot of power to prevent the bubble and than the crisis. Did they do something ? NO.

And all the banking lobby out there would really oppose the proprietary trading.

I would connect the USD strengt to Obama Visit in CHina. maybe a coincidence. ..
imho
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #198,885
  • Feb 18, 2010 9:31pm Feb 18, 2010 9:31pm
For the sake of my longs, let this one be a fake inverted flag.
Usually I would follow this pattern but I have bigger signals against it.
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  • #198,886
  • Feb 18, 2010 9:31pm Feb 18, 2010 9:31pm
3481 is a important key level.expect a play on that area.........
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  • #198,887
  • Feb 18, 2010 9:32pm Feb 18, 2010 9:32pm
Quoting deuce
The fed had telegraphed the discount move. Not unexpected. They want banks to borrow on the open market. Not the emergency window.
Funds rate move will one of the last things they do. Much later when unemployment drops significantly. We won't see that this year.
exactly
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #198,888
  • Feb 18, 2010 9:33pm Feb 18, 2010 9:33pm
Clouds,

I respect your trading style and your input. But, there were a few respectable traders looking for a LONG just as i was due to a LOWER LOW not being made and my 1hr Pitchfork showed the lowest low as the bottom at 4pm....my analysis might have been wrong as some others were looking for 3500 area.....

The Fed Discount rate butchered everything up....now i am wondering is it a catalyst to get to Gator's numbers that I follow or are we going to still get a retracement to get lower later? Just not sure if we go lower now or we retrace......we still have not retested the low today at 3442
  • #198,889
  • Feb 18, 2010 9:35pm Feb 18, 2010 9:35pm
Fed's Bullard:OK With Fed's 'Extended Period' Rate Statement

19 Feb 2010 03:21 GMT
*DJ Fed's Bullard: Favors Quantative Easing Unwinds Before Funds Rate Hike

19 Feb 2010 03:22 GMT
*DJ Fed's Bullard: Markets Too Aggressive Pricing 2010 Rate Hike
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #198,890
  • Feb 18, 2010 9:36pm Feb 18, 2010 9:36pm
Quoting IMARICH1
Clouds,

I respect your trading style and your input. But, there were a few respectable traders looking for a LONG just as i was due to a LOWER LOW not being made and my 1hr Pitchfork showed the lowest low as the bottom at 4pm....my analysis might have been wrong as some others were looking for 3500 area.....
This whole thread is full of people saying "I'm going long" , cause "they think" it went down to far, so they're gonna change the trend and buy , and SHOW THE TREND a thing or two. Well, good luck with that. Why not just SELL.
  • #198,891
  • Feb 18, 2010 9:36pm Feb 18, 2010 9:36pm
I have got some spare time. I am going to do some scalping trades. I have gone short at 3493
  • #198,892
  • Feb 18, 2010 9:40pm Feb 18, 2010 9:40pm
Quoting IMARICH1
Clouds,

Just not sure if we go lower now or we retrace......we still have not retested the low today at 3442
Just sell at previous support or sell at a break of low. Ask gator his numbers, I don't know them.
  • #198,893
  • Feb 18, 2010 9:43pm Feb 18, 2010 9:43pm
Quoting TheLastCoke
For the sake of my longs, let this one be a fake inverted flag.
Usually I would follow this pattern but I have bigger signals against it.
Considering the time of day, I think your looking at the wrong timeframe. Check out the hourly, if it consolidates in a bearish flag up to 1.3535 (previous support and may get there by Euro session), well then seriously ask yourself whether it is "fake". Good pippin, time for my brandy nap.
Different opinions highly valued, ignorant to slander.
  • #198,894
  • Feb 18, 2010 9:49pm Feb 18, 2010 9:49pm
Quoting DMA Trader
I can't understand the "Volker thing yet"

My feeling is that "VOlker rule will not pass the senate.....

I would connect the USD strengt to Obama Visit in CHina. maybe a coincidence. ..
imho
I was referring to PV's philosophy re: monetary policy more than to regulatory reform. PV has been walking taller in the Obama admin ever since Bernanke's weak reconfirmation.

I am not sure how USD strength necessarily plays into USA's strongest hand re: China - but the whole China/USA dynamic is getting more and more interesting. Also I am sure the exporters are freaking out today. Probably be plenty fireworks in coming days. I might be retreating to a safe(er) pair lke AUD/NZD & watch the E/U show from the sidelines
"If The Fool persists in his Folly he will become wise." - William Blake
  • #198,895
  • Feb 18, 2010 9:50pm Feb 18, 2010 9:50pm
Quoting psiholog
Considering the time of day, I think your looking at the wrong timeframe. Check out the hourly, if it consolidates in a bearish flag up to 1.3535 (previous support and may get there by Euro session), well then seriously ask yourself whether it is "fake". Good pippin, time for my brandy nap.
Sorry I forgot to add Developing to my sentence, Thanks for the input.
  • #198,896
  • Feb 18, 2010 9:56pm Feb 18, 2010 9:56pm
Any body looking at gold?
it's 1116.00 to crazy?
  • #198,897
  • Feb 18, 2010 9:59pm Feb 18, 2010 9:59pm
Quoting The Fool
I was referring to PV's philosophy re: monetary policy more than to regulatory reform. PV has been walking taller in the Obama admin ever since Bernanke's weak reconfirmation.

I am not sure how USD strength necessarily plays into USA's strongest hand re: China - but the whole China/USA dynamic is getting more and more interesting. Also I am sure the exporters are freaking out today. Probably be plenty fireworks in coming days. I might be retreating to a safe(er) pair lke AUD/NZD & watch the E/U show from the sidelines
Oh, ok, I totally agree with that. PV also has a lot of credibility. In my view he opposes Bernake policy.

About the US role, well from 2008 there were very good coordinated moves. So you might also think that US dollar was down last year so they can help their economy and now it's Europe exporters(economy)'s time.

China doesn't really cooperate until agrees to let the Yuan appreciate. But then also they are responsible for much of the rebound.

So I really think that USD strength was in the interest of everyone.
USA also needs to have credibility as a safe heaven currency.

There is only one thing I don't know how it will solve and you said that. The US exporters. I mean we should get a really ugly trade balance next time.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #198,898
  • Feb 18, 2010 10:00pm Feb 18, 2010 10:00pm
Quoting forexmick
I have got some spare time. I am going to do some scalping trades. I have gone short at 3493
+10 pips in 22 minutes. I am out .
  • #198,899
  • Feb 18, 2010 10:02pm Feb 18, 2010 10:02pm
Now gone long at 3484.
  • #198,900
  • Feb 18, 2010 10:02pm Feb 18, 2010 10:02pm
Quoting forexmick
+10 pips in 22 minutes. I am out .
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