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EURUSD

  • #393,681
  • Feb 22, 2011 4:39pm Feb 22, 2011 4:39pm
Quoting gatorinla
the euro is the anti usd... so when commodities rise (commodity pairs) the usd goes down. in turn the euro rises. but not on its on merits.
When commodity prices go up is imho because people put capital from USD to commodities, so yes, inverse relationship in that. But is it directly correlated to Australian dollar?
  • #393,682
  • Feb 22, 2011 4:40pm Feb 22, 2011 4:40pm
Quoting Classic5000
When commodity prices go up is imho because people put capital from USD to commodities, so yes, inverse relationship in that. But is it directly correlated to Australian dollar?
The US dollar is paired up against the Aussie.

Dollar up = Aussie down.

Which in tune makes everything against the aussie go up. Everything is correlated and related.
  • #393,683
  • Feb 22, 2011 4:41pm Feb 22, 2011 4:41pm
anybody see range break and retest of res. on daily?
  • #393,684
  • Feb 22, 2011 4:43pm Feb 22, 2011 4:43pm
Quoting egymedo
so it will go 3640/57.5 first??
also 3693 may provide s/r .. a wick don't count. closes above make it stronger.
those who can, do. those who cant, talk about those who can
  • #393,685
  • Feb 22, 2011 4:43pm Feb 22, 2011 4:43pm
Quoting Venice
The US dollar is paired up against the Aussie.

Dollar up = Aussie down.

Which in tune makes everything against the aussie go up. Everything is correlated and related.
True, just I would be using commodity indices instead to see the capital flows. Im probably wrong, just my opinion. Because a lot of the time currency can lag behind the changes in indices.
  • #393,686
  • Feb 22, 2011 4:44pm Feb 22, 2011 4:44pm
Quoting Classic5000
If I may budge in, my advice would be to trade small lots, so you do not overleverage your account. And when you are consistent and have a traders ethic of working the capital, ONLY then you should size up your lots.
Thanks Classic5000 for your help.

Please bear with a newbie for a sec . . .

One of the adjustments I made yesterday was to limit risk per trade to 2% of trading account. This allows me to trade 2-4 mini-lots at a time which I like to do so I have the ability to scale out since I can't do partial closes. If I can move my stop losses to BE or better, that releases the 2% for another trade . . . . does that sound about right?

Honestly, I really have done heaps of research - but this is the real world now and I'm open to learning anything I can . . .
  • #393,687
  • Feb 22, 2011 4:45pm Feb 22, 2011 4:45pm
Quoting Classic5000
When commodity prices go up is imho because people put capital from USD to commodities, so yes, inverse relationship in that. But is it directly correlated to Australian dollar?
don't believe nothing you hear/read on the net. we are all just trying to separate you from your money. pull up some charts and make your own judgment.
those who can, do. those who cant, talk about those who can
  • #393,688
  • Feb 22, 2011 4:47pm Feb 22, 2011 4:47pm
with regard to commodities, oil is about the only thing going up.

Quoting Classic5000
When commodity prices go up is imho because people put capital from USD to commodities, so yes, inverse relationship in that. But is it directly correlated to Australian dollar?
  • #393,689
  • Feb 22, 2011 4:47pm Feb 22, 2011 4:47pm
Quoting Sandy A.
Thanks Classic5000 for your help.

Please bear with a newbie for a sec . . .

One of the adjustments I made yesterday was to limit risk per trade to 2% of trading account. This allows me to trade 2-4 mini-lots at a time which I like to do so I have the ability to scale out since I can't do partial closes. If I can move my stop losses to BE or better, that releases the 2% for another trade . . . . does that sound about right?

Honestly, I really have done heaps of research - but this is the real world now and I'm open to learning anything...
Patience my friend. That 1%-2% is already way ahead of the curve of what most of us have already done (smoking account after account because of high leverage).

It takes around 1-5 years (3 years avg) for a trader to finally become consistent and understand what in the world is going on.

Focus on making good trades, and take money out of the equation. If you do this, the money will come as a side effect of making good trades.

Nothing, and I mean nothing can be substituted for screen time. (experience, if you will)
  • #393,690
  • Feb 22, 2011 4:50pm Feb 22, 2011 4:50pm
Quoting Sandy A.
Thanks Classic5000 for your help.

Please bear with a newbie for a sec . . .

One of the adjustments I made yesterday was to limit risk per trade to 2% of trading account. This allows me to trade 2-4 mini-lots at a time which I like to do so I have the ability to scale out since I can't do partial closes. If I can move my stop losses to BE or better, that releases the 2% for another trade . . . . does that sound about right?

Honestly, I really have done heaps of research - but this is the real world now and I'm open to learning anything...
Correct. BUT stick to one pair at first. Learn the moves, look at the world, subscribe to bloomberg business week, futures magazine, etc. Read up on corellations between currencies and other markets, learn the factors that make them move, and stay low until you start feeling good about your trading decisions, dont just look at indicators and make your decisions strictly on that. Try to understand why moves happen, such as go back throgh your charts trying to find out why something moved as it did. Follow economic calendar, politics, and you WILL gain invaluable knowledge as to what you could expect in the future, who can and cannot play with interest rates and such.
  • #393,691
  • Feb 22, 2011 4:51pm Feb 22, 2011 4:51pm
Quoting gatorinla
don't believe nothing you hear/read on the net. we are all just trying to separate you from your money. pull up some charts and make your own judgment.
Fully agree ^)
  • #393,692
  • Feb 22, 2011 4:51pm Feb 22, 2011 4:51pm
Sandy A. how long have you demo before real?
  • #393,693
  • Feb 22, 2011 4:53pm Feb 22, 2011 4:53pm
Quoting mrxit
with regard to commodities, oil is about the only thing going up.
How about these?
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  • #393,694
  • Feb 22, 2011 4:53pm Feb 22, 2011 4:53pm
low vol shake out yesterday , do you like buying cars at discount or do you offer above asking price ?

160 pip move off lows of a low volume down day.. in asia to boot ..who has upper hand bulls or bears ?

and us markets dropped what 2% and all eu could manage is a 50 pip drop of a 160 pip range day . I would say bulls have control for now.

but what do I know other than how to scuba trade ..lol



Quoting Magix
If Asian session, London session and NY session couldn't beat the chart top...why conceivably would it happen now?

I'm agreeing with the selling side...from there...I think we gotta wait n see...
Blogging daily now at www.volume.zone
  • #393,695
  • Feb 22, 2011 4:55pm Feb 22, 2011 4:55pm
Quoting malcolmb14
low vol shake out yesterday , do you like buying cars at discount or do you offer above asking price ?

160 pip move off lows of a low volume down day.. in asia to boot ..who has upper hand bulls or bears ?

and us markets dropped what 2% and all eu could manage is a 50 pip drop of a 160 pip range day . I would say bulls have control for now.

but what do I know other than how to scuba trade ..lol
Howdy Malcolmb... how goes the day...?
  • #393,696
  • Feb 22, 2011 4:57pm Feb 22, 2011 4:57pm
Quoting malcolmb14
low vol shake out yesterday , do you like buying cars at discount or do you offer above asking price ?

160 pip move off lows of a low volume down day.. in asia to boot ..who has upper hand bulls or bears ?

and us markets dropped what 2% and all eu could manage is a 50 pip drop of a 160 pip range day . I would say bulls have control for now.

but what do I know other than how to scuba trade ..lol
"Scuba trading"

You just made my day!
  • #393,697
  • Feb 22, 2011 4:57pm Feb 22, 2011 4:57pm
Quoting oldman
Sandy A. how long have you demo before real?
1 month.
  • #393,698
  • Feb 22, 2011 4:57pm Feb 22, 2011 4:57pm
Quoting oldman
anybody see range break and retest of res. on daily?

only me!
  • #393,699
  • Feb 22, 2011 4:59pm Feb 22, 2011 4:59pm
Quoting Sandy A.
1 month.


ufff, close your trades on real and go to demo , please!
i dont want scary you!! Take demo for a year!!!
  • #393,700
  • Feb 22, 2011 5:01pm Feb 22, 2011 5:01pm
Quoting oldman
only me!
Its a molestation of it, and then hopefully followed by a violent penetration lol
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