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  • #258,501
  • Jun 15, 2010 4:05pm Jun 15, 2010 4:05pm
Quoting kuroro001
In what we do (trading currencies) i don't think we do need to understand economics...
I've studied economics for years and if you apply it to the trading activities, in my opinion it's totally useless. News figures are totally useless, etc..
So yes it's usefull if you want to understand how this dumb world works, but otherwise for the trading activities it's garbage.

Economic science have miss to adapt its theories at modern global economical events in the last twenty years.

Often you hear economical interperetation afterwards.

May be useful informations could be the global payment flow statements.
  • #258,502
  • Jun 15, 2010 4:07pm Jun 15, 2010 4:07pm
Quoting kuroro001
In what we do (trading currencies) i don't think we do need to understand economics...
I've studied economics for years and if you apply it to the trading activities, in my opinion it's totally useless. News figures are totally useless, etc..
So yes it's useful if you want to understand how this dumb world works, but otherwise for the trading activities it's garbage.

Actually economics does play a huge factor in trading, but only if you are long term investor,
for periods of short term investment, I agree that an economic overview of a nation may not really be present on the charts, because you are trading speculation not facts,
But if you traded facts and went short on the EURUSD from last OCT 09 primarily because of the economic turmoil of Europe, how do you explain what happened?
If you are economically trading you should not be looking at anything less than daily charts. anything shorter term is only market "noise"
  • #258,503
  • Jun 15, 2010 4:08pm Jun 15, 2010 4:08pm
Lets draw some parallels here.

"democracy is the worst form of government except all those other forms that have been tried from time to time"

The same applies to economics and current theorems
  • #258,504
  • Jun 15, 2010 4:10pm Jun 15, 2010 4:10pm
Quoting Ulterior
Lets draw some parallels here.

"democracy is the worst form of government except all those other forms that have been tried from time to time"

The same applies to economics and current theorems
I'm sorry but politics have nothing to do with how economy theories came to be. Politics are a joke and every government is a hoax, because behind the curtains they all collaborate and agree on the outcome of every global event.
Soon we will have a one world government and all the Bullsh!t will end
  • #258,505
  • Jun 15, 2010 4:12pm Jun 15, 2010 4:12pm
Quoting mfoste1
monetary policies exercised by CBs directly effects fx rates......cmon dude

trading news and media is different than trading economic trends est by CBs

if you cannot understand and do not pay attention to economics, you'll have a very tough time in understanding what drives traders to push the bid or offer.....
nicely said
  • #258,506
  • Jun 15, 2010 4:12pm Jun 15, 2010 4:12pm
Pivots from 5pm... Central is Green line at 2330

((nice range for plotting QP's ))
Attached Image


Attached Image
FUBAR...
  • #258,507
  • Jun 15, 2010 4:13pm Jun 15, 2010 4:13pm
M5

Come on now give me a Triple Top to trade
Attached Image (click to enlarge)
Click to Enlarge Name: 3top.gif Size: 35 KB
Follow the Trend, thats all
  • #258,508
  • Jun 15, 2010 4:16pm Jun 15, 2010 4:16pm
Quoting lambergino
I'm sorry but politics have nothing to do with how economy theories came to be. Politics are a joke and every government is a hoax, because behind the curtains they all collaborate and agree on the outcome of every global event.
Soon we will have a one world government and all the Bullsh!t will end
Accept the fact that in politics, like in economics, the sum of individuals actions influence the outcome of an event
  • #258,509
  • Jun 15, 2010 4:19pm Jun 15, 2010 4:19pm
we're going lower i think after failing to take out 2345.
  • #258,510
  • Jun 15, 2010 4:19pm Jun 15, 2010 4:19pm
Here is a 10min chart showing Vortex+ Elliot Wave indicators turning bearish, I dont think that triple top will come, if it does it will be great because thats a sure short at 1.234x
Attached Image (click to enlarge)
Click to Enlarge Name: Bearish look.PNG Size: 128 KB
  • #258,511
  • Jun 15, 2010 4:21pm Jun 15, 2010 4:21pm
Quoting Ulterior
Accept the fact that in politics, like in economics, the sum of individuals actions influence the outcome of an event
Unfortunetly I don't believe thus I can not accept the fact that the sum of individuals = outcome of political events because in light of recent event during the last decade that has not been the case.

Politics ask of individuals what they want to see and turn around and do as they planned long before they asked
  • #258,512
  • Jun 15, 2010 4:25pm Jun 15, 2010 4:25pm
Quoting lambergino
Unfortunetly I don't believe thus I can not accept the fact that the sum of individuals = outcome of political events because in light of recent event during the last decade that has not been the case.

Politics ask of individuals what they want to see and turn around and do as they planned long before they asked
I am not trying to convince you. Conspiracy theories are beyond my discussion borders.
  • #258,513
  • Jun 15, 2010 4:26pm Jun 15, 2010 4:26pm
Quoting pauly
M5

Come on now give me a Triple Top to trade
You'll get it, but look fast......
Don't be a hero. Don't have an ego. Always question yourself
  • #258,514
  • Jun 15, 2010 4:26pm Jun 15, 2010 4:26pm
Philip T. Hoffman, Gilles Postel-Vinay, and Jean-Laurent Rosenthal, Surviving Large Losses: Financial Crises, the Middle Class, and the Development of Capital Markets, (Harvard University Press, 2009) ISBN 978-0-674-03636-9 paper. This brief history of financial crises reveals how responses to past meltdowns have strengthened financial institutions and promoted growth.
  • #258,515
  • Jun 15, 2010 4:29pm Jun 15, 2010 4:29pm
I just exited all trades at a profit....hit the target I wanted.....

I am non disciplined non systematic trader that by law of nature am disciplined and systematic.........I am there......

I trade based on experience and using all the arsenal in my mind....I know them by hard so now it is second nature to me.....

If I can only show one person the way i will be happy.....I feel if I help someone.......i will find what I need.....

Quoting ak4x
Yet you consistently come across like a Nutjob.

What gives?
  • #258,516
  • Jun 15, 2010 4:35pm Jun 15, 2010 4:35pm
We least need a help of random snake-oil merchants. I am yet to find a sound mind in this forum understanding a fraction of what's driving the market.
  • #258,517
  • Jun 15, 2010 4:35pm Jun 15, 2010 4:35pm
this is capitalism moving to communism......giving to the institutions and not to the hardworking individuals....Individuals will and can manage their finances better than any financial instituttion who by the way are all mostly going bankrupt....


Quoting trigg
Philip T. Hoffman, Gilles Postel-Vinay, and Jean-Laurent Rosenthal, Surviving Large Losses: Financial Crises, the Middle Class, and the Development of Capital Markets, (Harvard University Press, 2009) ISBN 978-0-674-03636-9 paper. This brief history of financial crises reveals how responses to past meltdowns have strengthened financial institutions and promoted growth.
  • #258,518
  • Jun 15, 2010 4:40pm Jun 15, 2010 4:40pm
did you give it a fair shot....people either use fundamental or technical approaches...I chose technical......then you can visit mta.org for usa or ifta.org for europe.....that is so you can become a certified financial technician.....you don't have to take their exam but you can learn what they learn they post their reading list.....You then within 3 months guarantedd will know what is happening....

Being able to trade it is another thing........but it counts on you.........otherwise it is all jibbirishhhhhh

Quoting Ulterior
We least need a help of random snake-oil merchants. I am yet to find a sound mind in this forum understanding a fraction of what's driving the market.
  • #258,519
  • Jun 15, 2010 4:43pm Jun 15, 2010 4:43pm
Quoting USD-Bear
You'll get it, but look fast......
You are right !~
A little beginner trader since 2006
  • #258,520
  • Jun 15, 2010 4:46pm Jun 15, 2010 4:46pm
Quoting Naseri13
You are right !~
It hasn't done it yet...
Or are you just agreeing to the fact that it should go back up one last time?
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