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  • #411,501
  • Mar 22, 2011 12:34pm Mar 22, 2011 12:34pm
14 shows strongly. me thinks that's it for this up move
  • #411,502
  • Mar 22, 2011 12:36pm Mar 22, 2011 12:36pm
Ha! After washing all my dishes in the sink, my EU is finally going up!

But what's with USDCAD? Everything is point to it to go down but it spiked up like 20 pips, what gives?!
Make your losses in demo. Earn your profits live.
  • #411,503
  • Mar 22, 2011 12:36pm Mar 22, 2011 12:36pm
[quote=Magix;4490738]Tin foil is cheap and you can google some pretty styling hats on the interwebs, don't let this little obstacle keep ya from learning...lol

Pres78 worked on one of the volume indies for the house, link below.
http://www.forexfactory.com/showthre...25#post4485525

quote]
Thanks to Pres78 for the indicator, I love trading IBNR4's going to be very useful. Thanks to Magix for the posting.
My thoughts: for those new to forex: trade your chosen method for several hours daily alone and then come to the forum and see how close your trading is to others. Trades need confidence in their own trading. I trade longer tf's and therefore don't want to be confused by the traders that have choosen to trade theirs witch is easy to do.
  • #411,504
  • Mar 22, 2011 12:38pm Mar 22, 2011 12:38pm
Quoting Forexia
Ha! After washing all my dishes in the sink, my EU is finally going up!

But what's with USDCAD? Everything is point to it to go down but it spiked up like 20 pips, what gives?!
USDCAD is trading bottom due to rise in oil price..USDCAD is commodity pair, if oil rises, the pairs heads down making CAD stronger....
  • #411,505
  • Mar 22, 2011 12:38pm Mar 22, 2011 12:38pm
Quoting fx111
Are you a full-time trader now?
Yes, I am. But, as I said in a previous post, I earned my crust elsewhere. I have a sizeable forex account and rainy day funds in case Mr. Market doesn't want to play ball. I trade low leverage. No big mutha over leveraged trading for me.
Nothing worth having is easy.
  • #411,506
  • Mar 22, 2011 12:39pm Mar 22, 2011 12:39pm
Quoting Magix


Honestly pres, anything that will keep the house from being flooded with, "I am 100 pips in the hole, what should I do", questions is all good by me...

Nice piece of work to btw...

Well I am no programmer but it has worked for me... you should see the changes one guy made to it over there at that other thread... color coded for higher and lower range and volume compared to previous bar, added a % factor for where in the range it closed... pretty neat stuff if you consider either range or volume in your trading. Not crazy about the looks of it so I may play around with making it more visually pleasant.

Anyway that's more than enough discussion of that other thread over here at the old EU... don't want to invoke any riots
Today's zone = Tomorrow's opportunity!
  • #411,507
  • Mar 22, 2011 12:42pm Mar 22, 2011 12:42pm
Quoting Patience
But seriously, would you recommend to a good friend to travel this road? Because I know I wouldn't .... ever ..... They would have to want to do it for themselves, not on my recommendation that's for sure.
heh heh heh. People ask me to teach them forex.

I tell them, go here, open up a demo account. Get back to me in 6 months.

Then they get pissed at me when I tell them to remove every single indicator from there chart and try trading again.
  • #411,508
  • Mar 22, 2011 12:42pm Mar 22, 2011 12:42pm
[quote=gordonfx;4490927]
Quoting Magix
Tin foil is cheap and you can google some pretty styling hats on the interwebs, don't let this little obstacle keep ya from learning...lol

Pres78 worked on one of the volume indies for the house, link below.
http://www.forexfactory.com/showthre...25#post4485525

quote]
Thanks to Pres78 for the indicator, I love trading IBNR4's going to be very useful. Thanks to Magix for the posting.
My thoughts: for those new to forex: trade your chosen method for several hours daily alone and then come to the forum...
No problem... glad others will find it useful.
Today's zone = Tomorrow's opportunity!
  • #411,509
  • Mar 22, 2011 12:45pm Mar 22, 2011 12:45pm
Hey look, pips!
  • #411,510
  • Mar 22, 2011 12:47pm Mar 22, 2011 12:47pm
Quoting Patience
Yes, I am. But, as I said in a previous post, I earned my crust elsewhere. I have a sizeable forex account and rainy day funds in case Mr. Market doesn't want to play ball. I trade low leverage. No big mutha over leveraged trading for me.
Cool. It's good to know that it's possible make a living from forex.
I think it's worth all that torture
  • #411,511
  • Mar 22, 2011 12:50pm Mar 22, 2011 12:50pm
Quoting Venice
Then they get pissed at me when I tell them to remove every single indicator from there chart and try trading again.
Indicators are garbage IMO. S/R, Pivots, Fibo, are all that matters... One of the hardest lessons to learn is that an overbought or oversold market can continue being overbought or oversold till you are broke.
  • #411,512
  • Mar 22, 2011 12:50pm Mar 22, 2011 12:50pm
Quoting Venice
Then they get pissed at me when I tell them to remove every single indicator from there chart and try trading again.
hey hey hey, what's wrong with the indicators? LOL.
  • #411,513
  • Mar 22, 2011 12:51pm Mar 22, 2011 12:51pm
Quoting Venice
heh heh heh. People ask me to teach them forex.

I tell them, go here, open up a demo account. Get back to me in 6 months.

Then they get pissed at me when I tell them to remove every single indicator from there chart and try trading again.
Ha ha. I've been lucky. My friends just look at me strangely because they don't have the first clue what it is about.
Nothing worth having is easy.
  • #411,514
  • Mar 22, 2011 12:52pm Mar 22, 2011 12:52pm
Quoting fldash
Indicators are garbage IMO. S/R, Pivots, Fibo, are all that matters... One of the hardest lessons to learn is that an overbought or oversold market can continue being overbought or oversold till you are broke.
that's not how you use indicators. they only have ONE role. Is there enough room to hit my target? that's it. not for entries/exits overbought/oversold nonsense.
  • #411,515
  • Mar 22, 2011 12:52pm Mar 22, 2011 12:52pm
Anyone think it can actually trudge through this minefield of resistance this late in the day?

My trends say up but my S/R says down.
  • #411,516
  • Mar 22, 2011 12:56pm Mar 22, 2011 12:56pm
Quoting FishHead
Anyone think it can actually trudge through this minefield of resistance this late in the day?

My trends say up but my S/R says down.
Quoting T@rantula
It needs to thrust 4216 for a further up. Its a good place to scale out and keep the rest for intraday profit
read this
  • #411,517
  • Mar 22, 2011 12:59pm Mar 22, 2011 12:59pm
Quoting OldQuant
Thanks. That "expectations" linkage does make sense.

As much sense, that is, as a rate hike causing substantial appreciation in a currency. Here's what I mean by that, although this is real contrarian thinking and should be treated with due skepticism.

Take a 1% per annum increase in riskless yield. That's a big number. That increases yield flow by 10,000 per year per million. That's less than 30 per day. Now, what's 30 on a million, in forex terms? Not even one pip per day in the "carry trade."

Certainly that should increase forward...
Thanks for your analysis; as a former bond trader I really appreciated it.
About bonds I have the impression that they are subject of contrary forces between safe heaven for nuclear and war risks vs. fear of lack of demand by Japanese players (and China also relatively retreating these months). But we need a panic move in few minutes and every chart / correlation could be trashed..

Yep, over the long run higher rates do not help eurozone countries but it seems Mr Trichet does not take into account single countries but the 'area'... not counting that usually those that are weaker will pay the inflation, eventually. bye for now.
  • #411,518
  • Mar 22, 2011 12:59pm Mar 22, 2011 12:59pm
No one is trading right now?....i dont see prices on your posts
  • #411,519
  • Mar 22, 2011 1:01pm Mar 22, 2011 1:01pm
Quoting Azinvg
No one is trading right now?....i dont see prices on your posts
oh, i'm trading but you don't wanna hear my 2 pips targets. lol
  • #411,520
  • Mar 22, 2011 1:02pm Mar 22, 2011 1:02pm
Quoting T@rantula
read this
Ah, good call.
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