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  • #405,101
  • Mar 11, 2011 6:50am Mar 11, 2011 6:50am
Quoting priceaction
http://www.youtube.com/watch?v=apbeOoikJvg
Lol, turning on EA to play back what happened in the past we all can do and make a sound and solid youtube video of it. The question now is, can he do that before things happen? The first biggest mistake is that on the video there is no volume visible and then claiming supply. right.
  • #405,102
  • Mar 11, 2011 6:51am Mar 11, 2011 6:51am
Quoting T@rantula
Actually finished the university with an average mark of 8,8/10

And btw JPY rallied UP.

Learn the basics first.

I don't think it's as straight-forward as you suggest. The NZD actually weakened after their disaster, despite market sell-off.
  • #405,103
  • Mar 11, 2011 6:53am Mar 11, 2011 6:53am
Quoting profx
I don't think it's as straight-forward as you suggest. The NZD actually weakened after their disaster, despite market sell-off.
Leave NZD its a cross/exotic currency. Go with the STRONGEST, the majors.

What happens to USD when DJIA is positive? Does it actually strenghtens?

No it doesnt. Is JPY a safe haven currency? Yes it is.
  • #405,104
  • Mar 11, 2011 6:53am Mar 11, 2011 6:53am
Quoting profx
I don't think it's as straight-forward as you suggest. The NZD actually weakened after their disaster, despite market sell-off.
could well be BoJ repatriation flows, but as previously stated I'm no expert...
  • #405,105
  • Mar 11, 2011 6:54am Mar 11, 2011 6:54am
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
am short from 1.3790. MACD on 1 hour is nowhere near ready for longs and Murrey on 4 hour is saying 1.3672 needs to be reached first. My first TP is 1.3740 and will see how things play out....SL 1.3830
The forex market has its own life and takes its own time.
  • #405,106
  • Mar 11, 2011 6:54am Mar 11, 2011 6:54am
Quoting FibbinArchie
me neither despite having done economics as part of my degree, 20 years ago mind, use it or lose it...

Wealth of nations is on my reading list, need to stop being so lazy with my reading...
You think you're lazy ?
Well I haven't GOT a reading list !
  • #405,107
  • Mar 11, 2011 6:54am Mar 11, 2011 6:54am
When we break 3804 we are most likely in a relatively big ABC-flat correction.

Leg A of this would have been started @ 3776
Leg B down from 3840
Leg C now in progress which should build an impulse

Target for this impulse should be between 100 and 162% of A ( 3817 to 3856)
  • #405,108
  • Mar 11, 2011 6:55am Mar 11, 2011 6:55am

Quoting T@rantula
The thing is pretty simple at the moment. Why do every1 think that correlation of stocks vs currency is positive?

When bad news happen investors PULL out of STOCK MARKETS thus boosting the CASH liquidity on the market and vice versa.

Japanese stocks tanked thus giving the boost to its currency.

One of my professors at the Economic University gave a simplest definition of a currency.

What is a definiton of a currency? Its simple = CASH.
  • #405,109
  • Mar 11, 2011 6:55am Mar 11, 2011 6:55am
Quoting profx
You think you're lazy ?
Well I haven't GOT a reading list !
lol...
  • #405,110
  • Mar 11, 2011 7:00am Mar 11, 2011 7:00am
Quoting FibbinArchie
could well be BoJ repatriation flows, but as previously stated I'm no expert...
I don't think even the 'experts' know the true reasons, otherwise they would
not spend all their time submitting 'analysis' after the event. They would be better off using that time to trade using their knowledge instead.
  • #405,111
  • Mar 11, 2011 7:01am Mar 11, 2011 7:01am
Quoting profx
I don't think even the 'experts' know the true reasons, otherwise they would
not spend all their time submitting 'analysis' after the event. They would be better off using that time to trade using their knowledge instead.
true, that's why I tend to focus on technicals, way too many fundamental variables...

still good to have a good general knowledge tho'
  • #405,112
  • Mar 11, 2011 7:04am Mar 11, 2011 7:04am
5m chart
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  • #405,113
  • Mar 11, 2011 7:05am Mar 11, 2011 7:05am
Quoting FibbinArchie
true, that's why I tend to focus on technicals, way too many fundamental variables...

still good to have a good general knowledge tho'
Agreed, me too.

Off for a break to be ready for NY.

C ya later.
  • #405,114
  • Mar 11, 2011 7:06am Mar 11, 2011 7:06am
I'm seeing potential fib fan support around 74x, 20 or so minutes till news...
  • #405,115
  • Mar 11, 2011 7:06am Mar 11, 2011 7:06am
Quoting profx
Agreed, me too.

Off for a break to be ready for NY.

C ya later.
l8rz...
  • #405,116
  • Mar 11, 2011 7:10am Mar 11, 2011 7:10am
Quoting fldash
5m chart
Ok, I know that one. Its from TSD forums. A lot of repainting, false signals. If u trade that you will lose. Many times I have tried to explain that there is no point in trading systems which use those indicators.
  • #405,117
  • Mar 11, 2011 7:10am Mar 11, 2011 7:10am
Quoting T@rantula
The thing is pretty simple at the moment. Why do every1 think that correlation of stocks vs currency is positive?

When bad news happen investors PULL out of STOCK MARKETS thus boosting the CASH liquidity on the market and vice versa.

Japanese stocks tanked thus giving the boost to its currency.

One of my professors at the Economic University gave a simplest definition of a currency.

What is a definiton of a currency? Its simple = CASH.
Then why did New Zealand Dolar fall after the earthquake if the liquidity became larger? Come on people, stop forecasting what will happen in the future, because you don't know. OR prove me wrong and tell us where a currency pair will be on the 1st of june this year...It's a guessing game, no one knows. You can observe the past and increase your odds and of course use a stop loss and this is about everything you can do..
Everyone has a plan 'till they get punched in the mouth.
  • #405,118
  • Mar 11, 2011 7:11am Mar 11, 2011 7:11am
Quoting FibbinArchie
I'm seeing potential fib fan support around 74x, 20 or so minutes till news...

I'm watching that area we talked about before, made a probe thru 85, but that candle had a fair amount of wick, but its a moot point ahead of the data...
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Look Sharp/Trade Tight
  • #405,119
  • Mar 11, 2011 7:13am Mar 11, 2011 7:13am
Quoting T@rantula
Ok, I know that one. Its from TSD forums. A lot of repainting, false signals. If u trade that you will lose. Many times I have tried to explain that there is no point in trading systems which use those indicators.
I was just using the MM lines from it, it came as a bundle .tpl. What MM indicator do you recommend?
  • #405,120
  • Mar 11, 2011 7:13am Mar 11, 2011 7:13am
EURX touched fib fan 61.8 {6/29/2010-11/04/2010} to the pip ...

building up on consolidation before another test of lows? possibly after us data or before/at new york open?
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