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  • #380,321
  • Feb 5, 2011 5:59pm Feb 5, 2011 5:59pm
Suntrader Quote Funny I read the opposite about OANDA - that it was lower in Q4.

Lol Read again, that is exactly what I said, 3rd 48%, 4th 44%

Shamu

Edit: Oh I see you deleted your post
New voice message: Why are you calling me? If I need you, I'll call you!
  • #380,322
  • Edited 6:28pm Feb 5, 2011 6:14pm | Edited 6:28pm
I have identified some kind of super cycle. It can occur on multiple time frames. It contains all the known waves and patterns. It always plays out the same. The sequence gets stretched in scale and time, this creates the illusion that the market is random. I see a lot of good charts on here that look like 1.3318 ish then strong bull run. Back to the 1.4's? Probably.
Founder of Sutherland Wave Principle
  • #380,323
  • Feb 5, 2011 6:28pm Feb 5, 2011 6:28pm
Quoting KillerWhale
Suntrader Quote Funny I read the opposite about OANDA - that it was lower in Q4.

Lol Read again, that is exactly what I said, 3rd 48%, 4th 44%

Shamu

Edit: Oh I see you deleted your post
Actually this is part of what I read


"The only brokers whose accounts profitability decreased from Q3 2010 were FX Club, Oanda and GFT".

But they were still the one - OANDA - with the highest (if you can believe the numbers) reported profitability. Anything involving the govmint I look at sceptically.

So that's why I deleted.
  • #380,324
  • Feb 5, 2011 6:33pm Feb 5, 2011 6:33pm
Quoting SunTrader
Actually this is part of what I read


"The only brokers whose accounts profitability decreased from Q3 2010 were FX Club, Oanda and GFT".

But they were still the one - OANDA - with the highest (if you can believe the numbers) reported profitability. Anything involving the govmint I look at sceptically.

So that's why I deleted.
I'm sure they have outside third party auditors
New voice message: Why are you calling me? If I need you, I'll call you!
  • #380,325
  • Feb 5, 2011 6:34pm Feb 5, 2011 6:34pm
Quoting suthmo
Anyone can get 10 v's if their bullshit is good
Well, almost everyone...

Right?

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #380,326
  • Feb 5, 2011 7:31pm Feb 5, 2011 7:31pm
Quoting pkimnyc
looking at the history of euro weekly chart, mal does have a valid point, imho.
the chart is just an example of how the top has been formed with this particular pair.

however, a shampoo pattern in daily can't be ignored, thought imo h&s topping formation is rare with euro.

one may decide whether to play the shampoo on daily when price tops ar'd right shoulder 1.37-1.375 area just down to the neck line, a good r:r i think.

if neckline gets taken out, 1.345 - 1.33 support (also 50 ma daily) should be a good play to look for rejection.

just...
err...maybe i would wait ~ 500-700pips down from 1.383 area before take my long...daily=weekly at the moment...mm

just my 2 dimes
  • #380,327
  • Feb 5, 2011 7:42pm Feb 5, 2011 7:42pm
Quoting grashid
err...maybe i would wait ~ 500-700pips down from 1.383 area before take my long...daily=weekly at the moment...mm

just my 2 dimes
not feeling comfortable on the short side just yet, but that's just me.
i have other toys to play with.
  • #380,328
  • Edited 8:07pm Feb 5, 2011 7:46pm | Edited 8:07pm
Quoting realjumper
Looks more like a shooting star than a doji to me
Last weekly candle was a DEFECTIVE gravestone Doji...This one may become an inverted Hammer... week is not over yet(SUNDAY)

Higher price can be expected.. and low can go as far as 1.3494-84max.(BUYING OPP)IMO..

SHOOTING STAR or evening stars are formed usually on the very TOP.
Markets are not Random, they are designed!
  • #380,329
  • Feb 5, 2011 7:53pm Feb 5, 2011 7:53pm
Quoting Raza
Last weekly candle was a DEFECTIVE gravestone Doji...This one may become an inverted Hammer... week is not over yet(SUNDAY)

Higher price can be expected.. and low can go as far as 1.3494-84max.(BUYING OPP)IMO..

SHOOTING STAR or morning stars are formed usually on the very TOP.
raza, what's your take on cable?
  • #380,330
  • Feb 5, 2011 7:57pm Feb 5, 2011 7:57pm
Quoting pkimnyc
raza, what's your take on cable?
lemme look at it..
Markets are not Random, they are designed!
  • #380,331
  • Feb 5, 2011 8:10pm Feb 5, 2011 8:10pm
Seen lots of weird predictions in here the last couple of weeks so I thought I could help with an old article which helped me a bit...

Just showing how good the market trends and which timeframe is the best one too observe (journal).

Its from 2004 but still valid if you ask me, maybe even more valid now since the average day pip is bigger...

Rock on,
Attached File(s)
File Type: pdf Forex Report - Predicting Price Movement.pdf   642 KB | 500 downloads
  • #380,332
  • Feb 5, 2011 8:16pm Feb 5, 2011 8:16pm
Quoting pkimnyc
not feeling comfortable on the short side just yet, but that's just me.
i have other toys to play with.
...ah u got the point....

p/s: mine inside the red chanelling until either broken
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU-Monthly.JPG Size: 90 KB
Click to Enlarge Name: EU-weekly.JPG Size: 90 KB
  • #380,333
  • Feb 5, 2011 8:21pm Feb 5, 2011 8:21pm
Quoting Larseg
Seen lots of weird predictions in here the last couple of weeks so I thought I could help with an old article which helped me a bit...

Just showing how good the market trends and which timeframe is the best one too observe (journal).

Its from 2004 but still valid if you ask me, maybe even more valid now since the average day pip is bigger...

Rock on,
how the data in 2004 can apply for today,,?

What is the similarity of events between 2004 and this year,
only an analysis, and I'm always wrong, don't follow me,
  • #380,334
  • Feb 5, 2011 8:24pm Feb 5, 2011 8:24pm
Quoting grashid
...ah u got the point....

p/s: mine inside the red chanelling until either broken
on this particular pair, i don't feel the need to pick top and bottom anymore. if it happens then it happens.
  • #380,335
  • Feb 5, 2011 8:27pm Feb 5, 2011 8:27pm
Quoting pkimnyc
on this particular pair, i don't feel the need to pick top and bottom anymore. if it happens then it happens.
yup..that is why i only play gold last few week and will start FOREX after NFP....n this week should be better..

mm...let see how monday close then perhaps i could start mine....

anyway happy weekend mate n enjoy ur day.....take care


g
  • #380,336
  • Feb 5, 2011 8:48pm Feb 5, 2011 8:48pm
Quoting pkimnyc
raza, what's your take on cable?

http://www.forexfactory.com/attachme...5&d=1291868342

http://www.forexfactory.com/attachme...0&d=1291868757

Above is weekly chart directions.

Are you looking for short term or long?

in short term double top is very likely at 1.6300 .. break that 1.6428..above that we should see 1.6920ish.

1.5974 IS THE immediate resistence and a good buying OPP..

It seems bullish to me form weekly charts.

I am not trading G/U lately.
Markets are not Random, they are designed!
  • #380,337
  • Feb 5, 2011 8:52pm Feb 5, 2011 8:52pm
Quoting Larseg
...from 2004 but still valid if you ask me, maybe even more valid now since the average day pip is bigger...
Thanks for posting that link. That's interesting information because...

Quoting andelumut
how the data in 2004 can apply for today
...trend following strategies' profitability (and actually also the best way to enter a trend) depend on the "tail" probabilities (the increase in probability for longer trends over what normal distributions would say there should be.)

There's a lot of discussion whether the increase in interest in the forex market has increased or decreased the longer moves' (the "tail") probabilities. The period this study treats is before the big "explosion" in interest in the market, and can possibly serve as a good data point.
  • #380,338
  • Feb 5, 2011 8:54pm Feb 5, 2011 8:54pm
Quoting Raza
http://www.forexfactory.com/attachme...5&d=1291868342

http://www.forexfactory.com/attachme...0&d=1291868757

Above is weekly chart directions.

Are you looking for short term or long?

in short term double top is very likely at 1.6300 .. break that 1.6428..above that we should see 1.6920ish.

1.5974 IS THE immediate resistence and a good buying OPP..

It seems bullish to me form weekly charts.

I am not trading G/U lately.
thanks.
  • #380,339
  • Feb 5, 2011 8:55pm Feb 5, 2011 8:55pm
Hi, Salam and Morning All,
Well then next step, next week, Next phase to the confusion lol
I have just been playing a bit with the charts and was trying to figure out whats the next step, so according to my chart its taking a stroll over the 50% of daily,
if the market opens above, it might try to have another hit towards 3617-3639 area

if it opens below the closing price it might head towards 3551-3540 area and a break of that area might target 3507 area.
lets see what market brings us this week
Goodluck all

EDIT: Comments are most welcome as i have still got alot to learn.


Quoting kill56
salam hi all

no prediction but would like to see a close below ema200 on weekly

13540 is the line in the sand , ema200 daily in sight, might be wrong lets see , still the pipe is out enjoy the smoke
Attached Image (click to enlarge)
Click to Enlarge Name: h1.JPG Size: 74 KB
  • #380,340
  • Feb 5, 2011 9:03pm Feb 5, 2011 9:03pm
Quoting pkimnyc
thanks.
So we can see a fast 1000 pip rally..

may be some interest rate increase ..

Pandora also suggested a 1000 pip for G/J
Markets are not Random, they are designed!
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