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EURUSD

  • #319,081
  • Nov 3, 2010 8:26pm Nov 3, 2010 8:26pm
Quoting gatorinla
its in the game plan.. china will not raise its currency. so u.s. will force them to with inflation. if they don't their bubble pops. then you got a billion pissed off guys w/o a women full of viagra.

Yeah, feels like a game of chicken. If US keeps inflating their currency until China acts, they will be killing European exports and European economy. Bad economy in Europe will certainly be felt in US, so if China doesn't cave then US will be shooting themselves in the foot.
  • #319,082
  • Nov 3, 2010 8:33pm Nov 3, 2010 8:33pm
murray confluince with fib @ 1.41
Attached Image (click to enlarge)
Click to Enlarge Name: forex344.gif Size: 38 KB
  • #319,083
  • Nov 3, 2010 8:34pm Nov 3, 2010 8:34pm
Quoting Awesome
Yeah, feels like a game of chicken. If US keeps inflating their currency until China acts, they will be killing European exports and European economy. Bad economy in Europe will certainly be felt in US, so if China doesn't cave then US will be shooting themselves in the foot.
Europe don't see it.. they are in denial.. their exports are costing more verses u.s. and china each tick. china wants to put us all out of business. this is what i do as a businessman and what most business trys to do its competition. china is a business.
those who can, do. those who cant, talk about those who can
  • #319,084
  • Nov 3, 2010 8:34pm Nov 3, 2010 8:34pm
Long signal taken, looks like a temporary bottom to me here. Stop around 1.4100 time in trade probably 20 minutes or so.
  • #319,085
  • Nov 3, 2010 8:38pm Nov 3, 2010 8:38pm
Quoting The Fool
....How much is too much?
On shorter timeframes, its never too much and this market remains topless / bottomless.

On longer time frames, its too much every 1,000 to 2,000 pips.


How to trade these both timeframes is an art little known.
The Thief of Wall Street
  • #319,086
  • Nov 3, 2010 8:41pm Nov 3, 2010 8:41pm
eu1w
http://s013.radikal.ru/i323/1011/bb/581b608d181c.png
eu3h
http://s010.radikal.ru/i312/1011/a6/3f34713d242e.png
eu-1h before
http://s006.radikal.ru/i215/1011/ce/3ba632f0474c.png
eu1h now
http://s011.radikal.ru/i316/1011/ac/d51554c6a88f.jpg

not sure
  • #319,087
  • Nov 3, 2010 8:42pm Nov 3, 2010 8:42pm
Sell at 1.4120 sl 1.4140 tp 1.4005
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  • #319,088
  • Nov 3, 2010 8:46pm Nov 3, 2010 8:46pm
When London opens will the EUR/USD will be as volatile as when Bananke made his statement this morning? I'm still new but have a live account and opted to bow out of all the madness this morning. I think I even got vertigo seeing the numbers bounce back and forth as rapidly as they did.
  • #319,089
  • Nov 3, 2010 8:47pm Nov 3, 2010 8:47pm
Quoting gatorinla
Europe don't see it.. they are in denial.. their exports are costing more verses u.s. and china each tick. china wants to put us all out of business. this is what i do as a businessman and what most business trys to do its competition. china is a business.

Yeah, I've kind of gotten the feeling with Europe and listening to Trichet, they operate as if having the highest currency makes you the winner.
  • #319,090
  • Nov 3, 2010 8:56pm Nov 3, 2010 8:56pm
Quoting Awesome
Yeah, I've kind of gotten the feeling with Europe and listening to Trichet, they operate as if having the highest currency makes you the winner.
China is "NO BUSSINESS" Its a Slave Labor Camp! I can make Goods Cheaper then China if I had FREE LABOR!
  • #319,091
  • Nov 3, 2010 8:56pm Nov 3, 2010 8:56pm
With the wide use of social networks, some systems implement scanning or screening technologies to read posts of users extracting human sentiment and influence the trading strategies.

- [C Fiedler, design high frequency system (algorithmic trading system), dbcoretech.com, June , 2010]
  • #319,092
  • Nov 3, 2010 8:57pm Nov 3, 2010 8:57pm
Quoting longshot_nl
murray confluince with fib @ 1.41
i got a different version of murry. would you post your indi? thanks.
those who can, do. those who cant, talk about those who can
  • #319,093
  • Nov 3, 2010 9:00pm Nov 3, 2010 9:00pm
Quoting Awesome
Yeah, I've kind of gotten the feeling with Europe and listening to Trichet, they operate as if having the highest currency makes you the winner.

Yes and Australia thinks the same way.
  • #319,094
  • Nov 3, 2010 9:02pm Nov 3, 2010 9:02pm
Quoting gatorinla
i got a different version of murry. would you post your indi? thanks.
here you go.
Attached File(s)
File Type: mq4 #MurreyMath-TimeFrame.mq4   18 KB | 485 downloads
  • #319,095
  • Nov 3, 2010 9:03pm Nov 3, 2010 9:03pm
Quoting klrman
When London opens will the EUR/USD will be as volatile as when Bananke made his statement this morning? I'm still new but have a live account and opted to bow out of all the madness this morning. I think I even got vertigo seeing the numbers bounce back and forth as rapidly as they did.

Hard to say, my guess would be we might see some large moves but if we do have a large swing in one direction or the other, it will probably be sustained for a day or two vs. the quick move in one direction and then back in the other you saw during the news release. Historically, the larger moves each day usually happen during Europe session or Europe US overlap. My advice if you're new to trading is if you're uncertain, play it safe and sit on the sidelines. It's tempting when you start trading to want to trade everything that moves and feel like you're missing out when not in the market. Just remember the market will be here tomorrow. If you miss one trade there is another right around the corner so be disciplined and wait until you see something you like and wait for a good price.
  • #319,096
  • Nov 3, 2010 9:09pm Nov 3, 2010 9:09pm
Quoting Awesome
Hard to say, my guess would be we might see some large moves but if we do have a large swing in one direction or the other, it will probably be sustained for a day or two vs. the quick move in one direction and then back in the other you saw during the news release....
Very sound advice thanks! Was tempting this morning until all hell broke loose and then I realized that I'm just not prepared nearly enough for that type of movement. Glad I did not jump the gun and hit the larger trades. Just went with 10k lot to see if I could get in and out with a little profit and to my surprise after a few rejected take profits, I still made about $100. That was all I was willing to risk just to see how the platform would perform.
  • #319,097
  • Nov 3, 2010 9:11pm Nov 3, 2010 9:11pm
Quoting Allseeingeye
China is "NO BUSSINESS" Its a Slave Labor Camp! I can make Goods Cheaper then China if I had FREE LABOR!
the plantations that owned slaves around the world were a business also. no matter what they owned.. its part of the machinery. you can consider many of the so called free as slaves also..the ones who own them just cant come out and say it. they fool ya with elections. but they choose who runs for the office. we just hide it, where in a communist country you got one choice. in other places they put in a few tokens.. you still shop at the company store and pay your taxes. you still have to have a pass to get back on the plantation sometimes you need one to get off it.
only the string pullers are free. if you want to be free be a string puller.
those who can, do. those who cant, talk about those who can
  • #319,098
  • Nov 3, 2010 9:14pm Nov 3, 2010 9:14pm
there were some buyers at 1.4... me included.

i'm out... this smells funny.

stan
  • #319,099
  • Nov 3, 2010 9:17pm Nov 3, 2010 9:17pm
Wassup f@#kers?

Where did all the bears go?
Not all sins are created equal
  • #319,100
  • Nov 3, 2010 9:20pm Nov 3, 2010 9:20pm
Quoting zapper
With the wide use of social networks, some systems implement scanning or screening technologies to read posts of users extracting human sentiment and influence the trading strategies.

- [C Fiedler, design high frequency system (algorithmic trading system), dbcoretech.com, June , 2010]
As you already know, I like to complain that you cannot change your nick on this site.

Anyway, what's funny about that is that today, with the large fluctuations, it looks like all they did was try to hit stops anyway. It's weird because if Forex is 20 times larger than the stock market, who's responsible for that kind of crap? As for me, I had finally resorted to using wide stops several weeks ago. Of course this means fewer trades and I had only 2 trades in the last few weeks. Fortunately, those were 2 profitable trades and my current position is profitable.

As for human sentiment, I compare them to momentum oscillators like the RSI or slow stochastics. If the market continues in the same direction, they'll continue to be overbought/oversold. And they can keep giving you contrarian signals that continously end up being wrong. So, I don't know how "intelligent" their systems are.
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