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  • #447,681
  • May 24, 2011 5:20am May 24, 2011 5:20am
Quoting rashygomez
Ok, so you basically look at the cloud. But why is the cloud like many candles ahead of price?
I'm sure there are much written about this Japanese indicator. The cloud is a simple at a glance whether the trend will continue or has failed and its in uncertain territories, or just plain penetration to a reversal.

Its very simple to use at first, then the lines that lags are more complex, and I'm in no position to explain those in details right now.
  • #447,682
  • May 24, 2011 5:21am May 24, 2011 5:21am
Quoting Traderji
Completely agree with this statement. 2-year Greek bonds are at 26.5%. It would take 15-20% of their GDP just to service the loans. There is no way any country can do that.



- The ECB could print money or get Germany/France to recapitalize it. At some point the German and French public will just have had enough of bailing out the PIGS.


On the other hand, the Americans might default on August 2nd... lol. Such interesting times for currency traders
ECB printing money will just devaluate the euro.
Trend is everything.
  • #447,683
  • May 24, 2011 5:22am May 24, 2011 5:22am
Quoting rashygomez
Can anyone explain this?
oh sorry, i forgot to add that, the lines in the front, at the tip, shows the trend is up or down, but you need confirmation from candle penetration through the clouds, though. Read up on it.
  • #447,684
  • May 24, 2011 5:23am May 24, 2011 5:23am
Quoting 4xmaker
I'm sure there are much written about this Japanese indicator. The cloud is a simple at a glance whether the trend will continue or has failed and its in uncertain territories, or just plain penetration to a reversal.

Its very simple to use at first, then the lines that lags are more complex, and I'm in no position to explain those in details right now.
Ok cool stuff. I'll have to do some more research into this.
  • #447,685
  • May 24, 2011 5:26am May 24, 2011 5:26am
Quoting 4xmaker
oh sorry, i forgot to add that, the lines in the front, at the tip, shows the trend is up or down, but you need confirmation from candle penetration through the clouds, though. Read up on it.
Ok, cool. Those two lines to me just seem like a bunch of MAs. But will check it out.
  • #447,686
  • May 24, 2011 5:27am May 24, 2011 5:27am
Quoting rashygomez
Ok cool stuff. I'll have to do some more research into this.
Yea, don't get all caught up in it though. My post that answered your first question of how I saw it has more stuff in it, then just ICHIMOKU.

I don't know how you trade, or how long you've been trading, but there are many components to trading to give you an edge then just indicators.

That learning process takes time, and I'm always trying to perfect it.
  • #447,687
  • May 24, 2011 5:27am May 24, 2011 5:27am
Looks like this Bearish Gartley plays nice so far.
CD=1.618BC @1.4111. Missed by 4 pips. Terrific.
There is One2One Bullish pattern as weel @ 1.4070. It bounced nice from it.
If we breake it, we might welcome 1.4007 again.

Seb.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15.jpg Size: 81 KB
  • #447,688
  • May 24, 2011 5:28am May 24, 2011 5:28am
Greek opposition leader Samaras says rejects new austerity plan

Written by Gerry Davies
May 24, 2011 at 10:09 GMT

EUR/USD falls quickly back below 1.4100, presently at 1.4080. Whoops a daisy….
  • #447,689
  • May 24, 2011 5:30am May 24, 2011 5:30am
Quoting 4xmaker
Yea, don't get all caught up in it though. My post that answered your first question of how I saw it has more stuff in it, then just ICHIMOKU.

I don't know how you trade, or how long you've been trading, but there are many components to trading to give you an edge then just indicators.

That learning process takes time, and I'm always trying to perfect it.
Yeah, there's just so much out there to learn. I'm quite new, over a year, so lots to learn. Gotta learn fibs, pivots, trendlines, divergence, and now ichy. Great.
  • #447,690
  • May 24, 2011 5:31am May 24, 2011 5:31am
Quoting Flynchenberg
Looks like this Bearish Gartley plays nice so far.
Oh, and now Gartley as well, haha.
  • #447,691
  • May 24, 2011 5:34am May 24, 2011 5:34am
EU behaving
Cable AU fib 50 holding at the moment

Might need bigger bombs

Oil pops down, great, if not never mind,:nerd: prefer a bit higher, but bored with all the buying, itchy fingers, really need to sit on them lol
Attached Image (click to enlarge)
Click to Enlarge Name: AU Daily.png Size: 39 KB
If you are new to Forex? Say Goodbye to your account!!
  • #447,692
  • May 24, 2011 5:34am May 24, 2011 5:34am
Quoting rashygomez
Yeah, there's just so much out there to learn. I'm quite new, over a year, so lots to learn. Gotta learn fibs, pivots, trendlines, divergence, and now ichy. Great.

http://www.investopedia.com/articles...6/ichimoku.asp
  • #447,693
  • May 24, 2011 5:35am May 24, 2011 5:35am
Quoting Flynchenberg
Greek opposition leader Samaras says rejects new austerity plan

Written by Gerry Davies
May 24, 2011 at 10:09 GMT

EUR/USD falls quickly back below 1.4100, presently at 1.4080. Whoops a daisy….
looks like this could be a fairly short lived knee jerk...
  • #447,694
  • May 24, 2011 5:37am May 24, 2011 5:37am
Alright, so I'm looking at my fxopen chart, what I see is this.

The cloud is like 20 odd candles beyond price.

The red and blue lines are with price.

Seems quite interesing.
Attached Image (click to enlarge)
Click to Enlarge Name: eud1ichy.gif Size: 50 KB
  • #447,695
  • May 24, 2011 5:39am May 24, 2011 5:39am
Quoting EuroTrader
http://www.investopedia.com/articles...6/ichimoku.asp
"It is new to the mainstream, but has been rising incrementally in popularity among novice and experienced traders"

Wow, pretty awesome.
  • #447,696
  • May 24, 2011 5:40am May 24, 2011 5:40am
I don't know what caused that drop while ago, but it seems we're going up again. Well, at least gold hasn't been influenced by that sell off.
  • #447,697
  • May 24, 2011 5:40am May 24, 2011 5:40am
Quoting FibbinArchie
looks like this could be a fairly short lived knee jerk...
Yeah, I think so too. I think most traders already has calculated threat of the PIIGS countries into the value of the currency. It may fall some more depending on the news, but I doubt will see it tank completely. On the contrary, the US economy is in a very bad shape. Mid to long term I'd go long on this pair
  • #447,698
  • May 24, 2011 5:40am May 24, 2011 5:40am
Quoting FibbinArchie
looks like this could be a fairly short lived knee jerk...
Yeah, good for a 40 pip profit but I'm still waiting for 1.4156 friday London close gap to be filled and there is another possibility of harmonic gartley at
CD=2.223BC @ 1.4152

Will see.

Seb
  • #447,699
  • May 24, 2011 5:42am May 24, 2011 5:42am
Quoting spaizkadett
Yeah, I think so too. I think most traders already has calculated threat of the PIIGS countries into the value of the currency. It may fall some more depending on the news, but I doubt will see it tank completely. On the contrary, the US economy is in a very bad shape. Mid to long term I'd go long on this pair
yeah, isn't most of the sell off from 49xx based on the greek situation anyways?
  • #447,700
  • May 24, 2011 5:42am May 24, 2011 5:42am
Quoting T.E.Lawrence
I don't know what caused that drop while ago, but it seems we're going up again. Well, at least gold hasn't been influenced by that sell off.
Don't worry, we're going down long term.

I think I'm getting the hang of this now, lol.
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