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  • #297,321
  • Sep 28, 2010 6:46am Sep 28, 2010 6:46am
....still don't see atm strenght enough to touch 3500 and go over.....


I.
  • #297,322
  • Sep 28, 2010 6:46am Sep 28, 2010 6:46am
will the US data which is coming out in about 1-2 hours affect EUR/USD greatly?
  • #297,323
  • Sep 28, 2010 6:47am Sep 28, 2010 6:47am
Quoting jet4x
which broker is good to start a new account????
fxopen i'd say.
  • #297,324
  • Sep 28, 2010 6:48am Sep 28, 2010 6:48am
Quoting Creator
I'm comparing now simultaneously EasyForex, FXCM, FXPro, Oanda, Dukascopy and FXOpen.
So far, Dukascopy leads overall, but it is difficult to open acc.
Oanda is better than other mentioned here.
Yeah, Dukas is a great broker, but their charting aint that good. FxOpen actually uses Dukascopy's feed, and they're MT4, so they're definitely an option.
  • #297,325
  • Sep 28, 2010 6:55am Sep 28, 2010 6:55am
Quoting zaphy
I heard 'double top' being mentioned today earlier on, I believe referring to being bullish on 5s charts. Can anyone give a reasonably quantitative definition of 'double top'?

Something which says for example how many (min and max) candles (of the given chart) must be in between the tops, or how similar do they have to be (say do the tops on the 15m EUR/USD chart qualify as double top?). Or anything else I haven't even thought of.

Thanks.
there you are. but this is just an extract on double-tops. there are quite a few more variations.
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  • #297,326
  • Sep 28, 2010 6:58am Sep 28, 2010 6:58am
Quoting jet4x
which broker is good to start a new account????
ScamFX is the best in my opinion. They give you 2000$ for start - check incentive option during application process. Spread on EUR/USD is 0.3, and during news max 1.2 !!! Also you will receive free leaked info allowing you to front-run at least 15 min before the news. And the best of all:

NO MARGIN CALLS!

Site:

scamfx.com
  • #297,327
  • Sep 28, 2010 7:00am Sep 28, 2010 7:00am
Quoting T.E.Lawrence
ScamFX is the best in my opinion. They give you 2000$ for start - check incentive option during application process. Spread on EUR/USD is 0.3, and during news max 1.2 !!! Also you will receive free leaked info allowing you to front-run at least 15 min before the news. And the best of all:

NO MARGIN CALLS!

Site:

scamfx.com
wow! sounds like an awesome broker!
  • #297,328
  • Sep 28, 2010 7:00am Sep 28, 2010 7:00am
Quoting T.E.Lawrence
ScamFX is the best in my opinion. They give you 2000$ for start - check incentive option during application process. Spread on EUR/USD is 0.3, and during news max 1.2 !!! Also you will receive free leaked info allowing you to front-run at least 15 min before the news. And the best of all:

NO MARGIN CALLS!

Site:

scamfx.com
admit, they reward you, don't they?
  • #297,329
  • Sep 28, 2010 7:01am Sep 28, 2010 7:01am
Quoting Mr Hatch
there you are.
Not only does it look like the definitive answer, EUR/USD appears to be following it at the moment. Thanks! Would you be so kind to give the reference to the book it comes from?? Unless it is your own work, in which case congratulations to you.
  • #297,330
  • Sep 28, 2010 7:02am Sep 28, 2010 7:02am
Quoting zaphy
Not only does it look like the definitive answer, EUR/USD appears to be following it at the moment. Thanks! Would you be so kind to give the reference to the book it comes from?? Unless it is your own work, in which case congratulations to you.
no, this is from encyclopedia of chart patterns, 2nd edition. a great reference, worth the acquisition.
to be honest, if i followed only a fraction of what they show in this book, i could already have gained a small fortune.
  • #297,331
  • Sep 28, 2010 7:02am Sep 28, 2010 7:02am
Wow, Bulkowski ... long time I haven't seen this. Great textbook for chart patterns, sadly worthless for daytrading electronic markets outside very specific stocks. Still a good reference on how to evaluate a statistical edge in any trading system.

sisse

Quoting Mr Hatch
there you are. but this is just an extract on double-tops. there are quite a few more variations.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #297,332
  • Sep 28, 2010 7:03am Sep 28, 2010 7:03am
Double top (aka notorious inverted W) on m5.
  • #297,333
  • Sep 28, 2010 7:04am Sep 28, 2010 7:04am
Quoting T@rantula
excellent day for profit taking. 3520 is the next target watching 3550

I don't like this, its too early a perfect bull chart...Except from lower lows and highs on daily

I am still long doh'....
  • #297,334
  • Sep 28, 2010 7:04am Sep 28, 2010 7:04am
a double top on a M5....but the timeframe is too short to be confirmed a bearish signal right?
  • #297,335
  • Sep 28, 2010 7:05am Sep 28, 2010 7:05am
Quoting Mr Hatch
admit, they reward you, don't they?
i'm wondering how much he's getting.
  • #297,336
  • Sep 28, 2010 7:09am Sep 28, 2010 7:09am
Quoting sisse
Wow, Bulkowski ... long time I haven't seen this. Great textbook for chart patterns, sadly worthless for daytrading electronic markets outside very specific stocks. Still a good reference on how to evaluate a statistical edge in any trading system.

sisse
i like it very much when it comes to identifying things. this is work already done, and i don't think you could spot all the given reference points anywhere else. but, i agree, for daytrading it sucks.

i couldn't find explanations like this nowhere. the nice thing is, if a pattern like this plays out, it is in line with the ew-count that people like infinitus provided a bit earlier.
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  • #297,337
  • Sep 28, 2010 7:19am Sep 28, 2010 7:19am
Quoting sash
when the eurusd brake the 1.3500 level, it seems to be another high target 1.3700 - 1.3900. does anyone agree with me? or it's time to go bearish??
you're one of those enlightent,agree with you
  • #297,338
  • Sep 28, 2010 7:28am Sep 28, 2010 7:28am
The market has become very indecisive and volitile with this pair, up, down, ranging in a 100 or so pip range (between 3400 and 3500) for the last few days since the big move up. Any little bit of news seems to be causing big 50+ pip candles and then it settles and reverses.

Looking at the MM line it appears on the 1hr that the 6/8 strong reverse line at 3488 is proving to be just that with only a few candles closing above it and then reversing back down. The 3/8 lower range line has provide support on the downside so far for this last quick move down with the 4/8 pivot line providing the early main support at 3428.

All this movement is great if you want to jump into the up and down moves between the ranges but trying to choose the ultimate direction that this pair will go once it breaks has become quite the task.
Today's zone = Tomorrow's opportunity!
  • #297,339
  • Sep 28, 2010 7:30am Sep 28, 2010 7:30am
Quoting pres78
The market has become very indecisive and volitile with this pair, up, down, ranging in a 100 or so pip range (between 3400 and 3500) for the last few days since the big move up. Any little bit of news seems to be causing big 50+ pip candles and then it settles and reverses.

Looking at the MM line it appears on the 1hr that the 6/8 strong reverse line at 3488 is proving to be just that with only a few candles closing above it and then reversing back down. The 3/8 lower range line has provide support on the downside so far for this last quick...
They should make a ban on High Frequency Trading in the US on Equities. Than we wouldn't have plunges like in PG from 40+ to $4 per share and wouldn't give such huge impact on FX. So Obama, here is one for you. Keep the leverage on FX and stop the banks robbing people's money by banning HFT.
  • #297,340
  • Sep 28, 2010 7:31am Sep 28, 2010 7:31am
I agree, he makes very technical and statistical evaluation in his explanations. The problem is that with algos and HFT his methods are impossible to auto trade so for me the only thing left from his writings was the consistency in evaluating and quantifying a trading method.

sisse

Quoting Mr Hatch
i like it very much when it comes to identifying things. this is work already done, and i don't think you could spot all the given reference points anywhere else. but, i agree, for daytrading it sucks.

i couldn't find explanations like this nowhere. the nice thing is, if a pattern like this plays out, it is in line with the ew-count that people like infinitus provided a bit earlier.
Pending conversations? PM for a chat...I am mainly in OTM now
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