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  • #298,021
  • Sep 29, 2010 6:42am Sep 29, 2010 6:42am
Quoting T@rantula
huh hard to explain this way...but ill try

Basically u need StepMA indicator, MACD, BB. Add macd 0, 0003 and -0003 levels.
When MACD crosses zero level it will show a thick bar. wait for a thin bar then ENTER on next thick bar. StepMA (10,2,0) needs to confirm that. If StepMA is above its line u need bullish MACD signal ( above zero line, and thick bar which appeared after thin bar). Thin bar on MACD signals retracement thats why u need to wait for a next THICK bar. BB bands are good volatilty signal (converging/diverging). The opposite is for...
what TF?
Look Sharp/Trade Tight
  • #298,022
  • Sep 29, 2010 6:42am Sep 29, 2010 6:42am
Good afternoon all !!
The best thing that can happen to you is to find out where you're wrong.
  • #298,023
  • Sep 29, 2010 6:43am Sep 29, 2010 6:43am
Quoting Mr Hatch
actually i think that "news" are not new to those guys moving the market. anyone is aware of the fact that spain still needs to be downgraded by one major rating agency, but when this happens, this will easily be used to make a lot of money by those who can create a visible market-movement. just the law of logic, i think. does it help me trading... if plunge protection team is looking away from their screens at that moment, definitely, because most of those movements give a pip or two.
i understand. what i think if i remember correct is that every time a country was downgraded they used the news to cover shorts or go long on EUR.
at list we are way higher than when downgrades begin.

so the actual news didn't do a thing besides a big spike.

maybe the same thing will happen again
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #298,024
  • Sep 29, 2010 6:43am Sep 29, 2010 6:43am
Quoting T@rantula
huh hard to explain this way...but ill try

Basically u need StepMA indicator, MACD, BB. Add macd 0, 0003 and -0003 levels.
When MACD crosses zero level it will show a thick bar. wait for a thin bar then ENTER on next thick bar. StepMA (10,2,0) needs to confirm that. If StepMA is above its line u need bullish MACD signal ( above zero line, and thick bar which appeared after thin bar). Thin bar on MACD signals retracement thats why u need to wait for a next THICK bar. BB bands are good volatilty signal (converging/diverging). The opposite is for...
is this a consolidation for a big push up or bears are pilling up?????? what are your thoughts for US open
  • #298,025
  • Sep 29, 2010 6:43am Sep 29, 2010 6:43am
Quoting Driver55
Good afternoon all !!
good afternoon Driver
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #298,026
  • Sep 29, 2010 6:43am Sep 29, 2010 6:43am
Quoting DMA Trader
maybe we are right.
let's turn out conversation to trading while we think about what we are saying.

so i think the news which didn't seem new to me because that is how Posen usually talks. Did cause a drop and make a lot of people to go short or just take Stop loss.

So did the news help you trade or not.
For me din't do a lot. Yet what I see is that on daily is that GU has a resistance on 1.583 area that will prevent me to increase long until that level is broken.

How did the news help you

THanks.
If the news doesn't help you, then perhaps it's down to your individual lack of understanding of such macro-economic events and the effects on market sentiment, rather than everything already being priced in by the market?

That is not a criticism of you, as we all should stick to the approach that gives us an edge in this market, be that techs, fundamentals or a combination of both. For the majority of traders, a methodical and technical approach to trading will yield the most consistent results.

Personally, I believe Sentance's comments, for the most part, cancelled out Posen's speech, leaving cable cautiously neutral on the day. Posen's careful choice of words were definitely more dovish in tone than we have heard from him. For this reason, any speeches or comments from MPC members in coming days/weeks will be watched with even greater interest than is usual, as the market attempts to determine whether Posen's or Sentance's views are more representative of the majority opinion on the MPC.
  • #298,027
  • Sep 29, 2010 6:46am Sep 29, 2010 6:46am
Quoting DMA Trader
maybe we are right.
let's turn out conversation to trading while we think about what we are saying.

so i think the news which didn't seem new to me because that is how Posen usually talks. Did cause a drop and make a lot of people to go short or just take Stop loss.

So did the news help you trade or not.
For me din't do a lot. Yet what I see is that on daily is that GU has a resistance on 1.583 area that will prevent me to increase long until that level is broken.

How did the news help you

THanks.
I don't care about the news/don't help me at all. I just trade what I see on the charts.Bigger Time frames don't care about the news either if you use those.Only time I am careful is when trading smaller TF because any 15 minute trend line can be blown through during bigger news.
  • #298,028
  • Sep 29, 2010 6:48am Sep 29, 2010 6:48am
Quoting DMA Trader
i understand. what i think if i remember correct is that every time a country was downgraded they used the news to cover shorts or go long on EUR.
at list we are way higher than when downgrades begin.

so the actual news didn't do a thing besides a big spike.

maybe the same thing will happen again
when watching multi-month candles, you're right, but the downgrades were in or at the end spring and we moved a lot lower since then.

i am just waiting for day, when the effect of the ez NOT being a political union plays out... but people in the ez are lazy when it comes to rioting. as long as the tv-set is up and running, someone else should go out.
the climate is deteriorating fast over here.
  • #298,029
  • Sep 29, 2010 6:48am Sep 29, 2010 6:48am
It's so choppy today market don't know which way to go.....
  • #298,030
  • Sep 29, 2010 6:48am Sep 29, 2010 6:48am
Quoting Driver55
Good afternoon all !!
Evening!

Have you played the whipsaw yet?
we're having a jolly good time with it here...
  • #298,031
  • Sep 29, 2010 6:51am Sep 29, 2010 6:51am
Quoting Driver55
http://www.forexfactory.com/showthre...14#post4055714


I moved my entrypoint for the second half of my position @ 13637 ( for the next 7 hours)
hi driver,

may i ask what made you move that position up to 3637?
  • #298,032
  • Sep 29, 2010 6:54am Sep 29, 2010 6:54am
Quoting gammase1
If the news doesn't help you, then perhaps it's down to your individual lack of understanding of such macro-economic events and the effects on market sentiment, rather than everything already being priced in by the market?...
you seem not to understand what my question was.
or maybe i didn't make myself clear
can you tell me specific how did the news yesterday comments or not
were you long or short GBP/USD
What did you do when the news came out.
Did you exit from long and get short or HOW exactly did the news help you.

Is not that i don't understand. I get the impression now that everybody knows the macro-picture yet when it comes to trading people lack profits.

I also see a very powerful need of people being right instead of making money.
That's why my question was very specific.

How did the news on GU affected you.

THanks
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #298,033
  • Sep 29, 2010 6:54am Sep 29, 2010 6:54am
Quoting Driver55
Good afternoon all !!

good morning here in miami, waiting for the huracan
The Chonchy
  • #298,034
  • Sep 29, 2010 6:55am Sep 29, 2010 6:55am
Quoting Driver55
Good afternoon all !!
Wish it was! Have you looked at the price action today ?
  • #298,035
  • Sep 29, 2010 6:55am Sep 29, 2010 6:55am
Quoting Larseg
Evening!

Have you played the whipsaw yet?
we're having a jolly good time with it here...
Inserted Video


The Chonchy
  • #298,036
  • Sep 29, 2010 6:58am Sep 29, 2010 6:58am
Quoting DMA Trader
you seem not to understand what my question was.
or maybe i didn't make myself clear
can you tell me specific how did the news yesterday comments or not
were you long or short GBP/USD
What did you do when the news came out.
Did you exit from long and get short or HOW exactly did the news help you.

Is not that i don't understand. I get the impression now that everybody knows the macro-picture yet when it comes to trading people lack profits.

I also see a very powerful need of people being right instead of making money.
That's...
Disagree on the highlighted point, as most clearly do not know the macro picture.

The specific question of how did yesterday's news affect me proves nothing, when the issue being debated surely is: "whether news is always reflected in the price?" It is this question that prompted me to participate in the discussion.
  • #298,037
  • Sep 29, 2010 6:59am Sep 29, 2010 6:59am
The question is simple.

Does the news help you make money ?
If yes. How ?

Disclamer. I'm not into scalping so if that's how it helps. that'
s why I don't get it.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #298,038
  • Sep 29, 2010 6:59am Sep 29, 2010 6:59am
Quoting Mr Hatch
hi driver,

may i ask what made you move that position up to 3637?
Mr Hatch,I'm guessing he is referring back to March of 2004.on charts.This whole thread from Page 1 started in the area we are in now.Referring back to those pages will probably give alot of insight to where we may be headed.
  • #298,039
  • Sep 29, 2010 7:00am Sep 29, 2010 7:00am
Quoting PayTheLimit
what TF?
5m
  • #298,040
  • Sep 29, 2010 7:01am Sep 29, 2010 7:01am
Quoting chonchy
good morning here in miami, waiting for the huracan

hi, just saw that you are from miami...do I see right, that I canīt send you a private massage? wanted to talk about florida economyc...

greetings

PittBull
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