ADX is weak with the trend still bullish..does it means there will be mixed signals?
- #298,044
- Sep 29, 2010 7:07am Sep 29, 2010 7:07am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
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
The Chonchy
- #298,046
- Sep 29, 2010 7:09am Sep 29, 2010 7:09am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The news helps one to understand sentiment, the current themes, money flows and stories driving the market. Of course, one could effectively argue that this can be ascertained from purely viewing charts. However, many traders prefer to have some sort of handle on what's behind current sentiment and the evolving macro picture when analysing the charts.
The Chonchy
- #298,047
- Sep 29, 2010 7:10am Sep 29, 2010 7:10am
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.
(1) yes, the news help me make money
(2) WHEN I have a strong opinion, backed by what I read and understand (sometimes don't!), backed by oanda's OlsenScale, I take a position just before the news in the direction I think the market is going to move, with an SL I can afford, with a TP I'd like to make. Yes, I know the pair may not trade at my SL (ie I don't get stopped out), and there might be lots of slippage, but it is a risk I am willing to take. Alternatively, if I think there is going to be a move with a retrace I sometimes trade the retrace. It is harder to be right (you have to get the entry level pretty correct), but I guess is less risky, since the main move is (hopefully) over.
I do not think, I can make a living from this...I would have to be much better, and better informed, but once in a while it is fun to take for example a contrarian position and watch it unfold. Or get burnt
.Disclaimer: This opinion does not constitute an advice and everyone does it at his/her own risk.
- #298,048
- Sep 29, 2010 7:11am Sep 29, 2010 7:11am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
One last push towards 1.3660-80 resistance area?
Or Last call for corrective waves?
The Chonchy
- #298,053
- Sep 29, 2010 7:17am Sep 29, 2010 7:17am
- Joined Nov 2008 | Status: Full Time Trader | 10,867 Posts
- #298,054
- Sep 29, 2010 7:17am Sep 29, 2010 7:17am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #298,055
- Sep 29, 2010 7:20am Sep 29, 2010 7:20am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #298,056
- Sep 29, 2010 7:21am Sep 29, 2010 7:21am
- Joined Apr 2007 | Status: Trader | 3,055 Posts
good afternoon Driver
Evening!
Have you played the whipsaw yet?
we're having a jolly good time with it here...
good morning here in miami, waiting for the huracan
Wish it was! Have you looked at the price action today ?
hi driver,
may i ask what made you move that position up to 3637?
The best thing that can happen to you is to find out where you're wrong.
- #298,058
- Sep 29, 2010 7:23am Sep 29, 2010 7:23am
- Joined Nov 2008 | Status: Full Time Trader | 10,867 Posts
The news, ah the news, the news is just a tool for the money lenders to make money, unless you heard any big unespected news and it take the trend by surprise otherwise is just a tool to make the trend, they call the TV stations and say what they want you to heard, just my 2 cents not the bible
http://www.youtube.com/watch?v=dHqwcStdIGI
- #298,059
- Sep 29, 2010 7:24am Sep 29, 2010 7:24am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Hi all !!
Well Mr. Hatch... you know ... My barkeeper can read the future
