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  • #9,821
  • Dec 8, 2010 7:39am Dec 8, 2010 7:39am
A/U. IMO if you aren't already long then now is the time!
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 126 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,822
  • Dec 8, 2010 8:05am Dec 8, 2010 8:05am
Since the dollar index is based on a 6 pair average, i am not so sure how useful it is. A lot of people use it like it is some set number and a stand alone which it is not. Saying that, i do realize that if a large number of traders trade off it, it works. Which is a big duh huh for me. I guess that is all that really matters. Not necessarily a holy grail but if it works, i use it. Pretty simple. One thing that i do like is it gives a spot trader a little help in the volume department which is ofc sorely lacking in spot trades. Onward thru the fog
  • #9,823
  • Dec 8, 2010 8:15am Dec 8, 2010 8:15am
Quoting MarcVUM
A/U. IMO if you aren't already long then now is the time!
Marc, did you mean long for a scalp or more intermediate term position? Structurally speaking, aussie is the weakest in 3 main dollar pairs, I would perhaps wait for a better position to short. Just my opinion only.
  • #9,824
  • Dec 8, 2010 8:31am Dec 8, 2010 8:31am
Quoting Ss7225
Marc, did you mean long for a scalp or more intermediate term position? Structurally speaking, aussie is the weakest in 3 main dollar pairs, I would perhaps wait for a better position to short. Just my opinion only.
I am long targeting 1.00
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,825
  • Dec 8, 2010 9:24am Dec 8, 2010 9:24am
Quoting MarcVUM
I am long targeting 1.00
Stopped out. The backbone on this one looks like it's breaking.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 127 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,826
  • Dec 8, 2010 9:34am Dec 8, 2010 9:34am
Dear Amyc, thank you very much for all the help you give. I have another 2 questions. I calculated Support and Resistance for eur/usd and it is :S: 1.3226 AND 1.3116 and R:1.3275, 1.3286. Is it correct or I have made a mistake in calculations? my midpoint is 1.3227. Second question: I use Interbankfx mt4 charts, it is gmt time too. Maybi you can advise me some charts where I can see and include in calculations Sundey candle? Thank you,
  • #9,827
  • Dec 8, 2010 5:51pm Dec 8, 2010 5:51pm
Quoting lite27
Dear Amyc, thank you very much for all the help you give. I have another 2 questions. I calculated Support and Resistance for eur/usd and it is :S: 1.3226 AND 1.3116 and R:1.3275, 1.3286. Is it correct or I have made a mistake in calculations? my midpoint is 1.3227. Second question: I use Interbankfx mt4 charts, it is gmt time too. Maybi you can advise me some charts where I can see and include in calculations Sundey candle? Thank you,
wHY DONT U TRY HER JOURNAL??? There are tonns of her charts there for u to go throu.. and a lot of infomation.. if you look hard..
  • #9,828
  • Dec 8, 2010 6:23pm Dec 8, 2010 6:23pm
Quoting MarcVUM
I hope so. I bought it at 9804.
I did the same Marc. I missed my stop last night by a few pips..
  • #9,829
  • Dec 8, 2010 6:33pm Dec 8, 2010 6:33pm
Quoting nick7r
I did the same Marc. I missed my stop last night by a few pips..

still in... +40
  • #9,830
  • Dec 8, 2010 6:45pm Dec 8, 2010 6:45pm
Gees the hour looks very bearish on the dec futures.. also noticed the 8042 .. top was exact 55% of last weeks very bearish pinny..candle.. going back throu the Ud index weekly very hard to find one of these candles that didnt work.. volume on other time frames seems to back this up.. Just what i am seeing of course could be totaly wrong..
  • #9,831
  • Dec 8, 2010 7:15pm Dec 8, 2010 7:15pm
Quoting danc
wHY DONT U TRY HER JOURNAL??? There are tonns of her charts there for u to go throu.. and a lot of infomation.. if you look hard..
Hi

How to go to amy journal?
  • #9,832
  • Dec 8, 2010 7:52pm Dec 8, 2010 7:52pm
Quoting lite27
Dear Amyc, thank you very much for all the help you give. I have another 2 questions. I calculated Support and Resistance for eur/usd and it is :S: 1.3226 AND 1.3116 and R:1.3275, 1.3286. Is it correct or I have made a mistake in calculations? my midpoint is 1.3227. Second question: I use Interbankfx mt4 charts, it is gmt time too. Maybi you can advise me some charts where I can see and include in calculations Sundey candle? Thank you,
You are probably doing the calculations correctly but you are not going to get the exact outcome as me unless your 4hr bars open and close at the same points.
You won't get the same results as me because I do something a little funny with my 4hr bars to do with daylight saving. At the moment (europe winter) my first 4hr candle on a sunday is only 2 hrs then i switch it to monday, but for the other 6 months of the year (europe summer) it is 4hrs. The reason I do that is bc I want a new 4hr candle to open with the london open each day.

Have a look in the journal around post 300ish, there is 3 posts written there that explain my methodology
  • #9,833
  • Dec 8, 2010 7:53pm Dec 8, 2010 7:53pm
Quoting nick7r
I did the same Marc. I missed my stop last night by a few pips..
same here, my stop was missed by 2pips, the trading gods were on our side.
  • #9,834
  • Dec 8, 2010 9:05pm Dec 8, 2010 9:05pm
Quoting amyc
same here, my stop was missed by 2pips, the trading gods were on our side.
Hi Amy

Have you since moved your stops?
Im +60 pips...
  • #9,835
  • Dec 8, 2010 9:20pm Dec 8, 2010 9:20pm
hi can anyone teach me how to go amy journal? just get out for 80 pips profit, i believe the bull in such a short time may be caused by the postive news from the aussie side
  • #9,836
  • Dec 8, 2010 10:19pm Dec 8, 2010 10:19pm
Quoting nick7r
Hi Amy

Have you since moved your stops?
Im +60 pips...
not yet, i'll wait until the close of todays daily candle. This position is for the longterm so i don't want to be stopped out on any shortterm volatility.
  • #9,837
  • Dec 8, 2010 10:21pm Dec 8, 2010 10:21pm
Quoting lingloke
hi can anyone teach me how to go amy journal? just get out for 80 pips profit, i believe the bull in such a short time may be caused by the postive news from the aussie side

http://www.forexfactory.com/showthread.php?t=228616
  • #9,838
  • Dec 9, 2010 3:07am Dec 9, 2010 3:07am
Hi Amyc, thank you for your reply. I use the midpoint now. My calculations show/my own system/ that eur/usd will resume its fall to 1.2950. In the long term eur/usd will go to parity by the end of 2011. The uptrend for AUD is almost finished and big fall is ahead. But its my own long term calculations. One last question. Do you calculate the midpoint every day? Thank you
  • #9,839
  • Dec 9, 2010 3:13pm Dec 9, 2010 3:13pm
Notice the DX on the 5 hr is nowa lower dtop.. and 55% point of last week s weekly candle range..I wonder??
  • #9,840
  • Dec 9, 2010 4:20pm Dec 9, 2010 4:20pm
Dear Amyc, I have red your jornal and find your method impressive and strong. So,as I understood, monthly, weekly and daily High and Lows are your goals for take profit. Middle point you calculate adding high,low and close of the last 5 day and dividing on 3. If price on 4h closed below midlepoint ints bearish. The range of 80,40, 140 pips for euro/usd? You mean that after every swing High or Low we should add to extreme 80 pips in order to know where to take our profit? How do you determine 40, 80 or 140 should you add to swing H/L? One more thank you very much for your exellent system, clear price vision and efforts to help peapl.
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