Just be carefull with the manual v2 version....I have been testing it for a few weeks on Cable and it gives a lot of false signals.
If you use it as a guide and comfirm it with price action then its more robust....
- #6,123
- Jul 1, 2010 5:59pm Jul 1, 2010 5:59pm
well, it would work well in the exact Geoff's system market conditions(cable at 23 by GMT), but in any other i am sure not, so make sure to check the signals with some other indis, i used for it a triple set from MACD-STOCH-ADX on H1 and 2 higher tf's
- #6,126
- Jul 1, 2010 6:04pm Jul 1, 2010 6:04pm
- Joined Dec 2009 | Status: Trader | 6,603 Posts
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Both emas are in consolidation
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Ema 10 [2] : 1.51284, ema 10 [1] : 1.51388
Ema 197 [2] : 1.49612, ema 197 [1] : 1.49630
trades are expected
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OK
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sorry, short answer would have been : yes
- #6,127
- Jul 1, 2010 6:13pm Jul 1, 2010 6:13pm
I think so too
1) The ECB was ultra unlucky in timing for the expiry of their 442bn EUR lending facility at month and quarter and half year end and hence this spike in EURUSD might have had the same cause as end 2008 as liquidity for EUR banks dried up and they had to unwound their currency swaps hence had to buy loads of EUR....same might happen here and I do not really want to end up in a short squeeze
2) second stimoulous package in the US might seem more and more likely and hence US might win the race towards zero line versus other currencies...only short term impact as PIGS for sure will come back and haunt all EUR bulls....
3) SAMA and PBOC both buyers of EURUSD and GBPUSD....these rumours sometimes had been strong contraindicators in the past as these guys know how to get rumours circulating
long speach short thoughts....I let the ea run nevertheless.....v9 working....just my thoughts and not to be meant to bother anyone
- #6,129
- Jul 1, 2010 6:24pm Jul 1, 2010 6:24pm
- | Commercial User | Joined Jul 2009 | 5,375 Posts
"LONG TRADES EXPECTED..."
Well, not by me No way, I'm going to take long...
300 pips rise in one session? Risk:Reward not worth it.. IMHO.
Well, not by me
No way, I'm going to take long...300 pips rise in one session? Risk:Reward not worth it.. IMHO.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
- #6,130
- Jul 1, 2010 6:27pm Jul 1, 2010 6:27pm
"LONG TRADES EXPECTED..."
Well, not by me
Cause it's a SELL.I mean seriously..
long at 1.51617 and 1.51609 with Alpari uk live v9
it shall be!
- #6,131
- Jul 1, 2010 6:33pm Jul 1, 2010 6:33pm
- | Commercial User | Joined Jul 2009 | 5,375 Posts
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
- #6,140
- Jul 1, 2010 6:50pm Jul 1, 2010 6:50pm
SAMA and PBOC were rumoured to have bought, EUR banks did not use the long term facility of ECB but the 6 days refinancing....short squeeze because they had to buy back EUR? dunno.....don't believe in EUR rally either...but if EUR banks need to refinance every 6 days now this means consistent EUR demand...no?
I think you are seeing lack of confidence in the US more then strength in the Euro...
A lot of States are reporting possible loan defaults , the bigger the States the bigger the defaults...
Watch the US stock market between now and year end, falls of 15% plus... ( I have moved all my funds out of stocks ).