goin to read threw the whole post and follow the charts before i ask any questions
Price Action Trading with Indicators! The Freebie System
- #4,882
- Aug 31, 2011 5:57am Aug 31, 2011 5:57am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #4,883
- Aug 31, 2011 6:00am Aug 31, 2011 6:00am
What's normal in fx ??
If you're bored, just read the best thread on the FF:
http://www.forexfactory.com/showthread.php?t=8970
Udine
Also my daily pivot is at an odd time of 7:30 GMT, that's can't be right? Surely the pivot is market or day open?
- #4,885
- Aug 31, 2011 6:10am Aug 31, 2011 6:10am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Not traded FX before. I trade indices.
Also my daily pivot is at an odd time of 7:30 GMT, that's can't be right? Surely the pivot is market or day open?
It should be. Are you using the indies from the first post??
Udine
Sleep less, live fast, as it aint gonna last
- #4,887
- Aug 31, 2011 6:14am Aug 31, 2011 6:14am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #4,888
- Aug 31, 2011 6:16am Aug 31, 2011 6:16am
- | Commercial User | Joined Jun 2010 | 2,022 Posts
its from not having a trading plan and not applying stop loss to all trades and not having reasonable take profits
where can i find the indicator that shows a specifc pairs info and daily range
Which is GROND....you trade too big of lots dont know when or how to TP..where to place a SL so the odds are in your favor....yea its GROND. lol
READ THE THREAD! Start at PAGE #1 POST #1
- #4,891
- Aug 31, 2011 6:26am Aug 31, 2011 6:26am
No the pivots i added go off the start of your brokers day. which is like mine 00:00 GMT +2
Sorry if this is a very newb question!
- #4,892
- Aug 31, 2011 6:36am Aug 31, 2011 6:36am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
NO! its not NFP! its ADP! BIGGGGGG DIFFERENCE
ADP Non-Farm Employment Change
Forex Factory (http://www.forexfactory.com/copyright.php) Specs Source Automatic Data Processing, Inc. (http://www.adpemploymentreport.com/) (latest release (http://www.adpemploymentreport.com/)) Measures Estimated change in the number of employed people during the previous month, excluding the farming industry and government; Usual Effect Actual > Forecast = Good for currency; Frequency Released monthly, about 2 days after the month ends; Next Release Oct 5, 2011 (http://www.forexfactory.com/calendar.php?do=geteventinfo&day=2011-10-5) FF Notes Leads the government-released employment data by 2 days, and has slowly demonstrated its predictive qualities since its May 2006 debut. Source changed the calculation methodology in Feb 2007 and Dec 2008 to better align with the government’s data; Why TradersCare Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity; Derived Via ADP provides payroll services to many corporations in the US. They use the data collected from their customers to derive the overall employment estimations; Acro Expand Automatic Data Processing, Inc. (ADP);
Udine
Sleep less, live fast, as it aint gonna last
- #4,893
- Aug 31, 2011 6:39am Aug 31, 2011 6:39am
- | Commercial User | Joined Jun 2010 | 2,022 Posts
ADP Non-Farm Employment Change
Udine
KEY word in BOLD RED UNDERLINED LETTERS...lol And thats why its a big difference....Then the REAL NUMBERS. And the NFP numbers dont come from ADP...they come from http://www.bls.gov/ see the .gov...lol.
- #4,895
- Aug 31, 2011 6:41am Aug 31, 2011 6:41am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #4,898
- Aug 31, 2011 7:01am Aug 31, 2011 7:01am
- | Commercial User | Joined Jun 2010 | 2,022 Posts
Wondering if Willauch is going to buy me those drinks or do i have to pick up the bar tab with the money i got from him like i do with everyone else....LMAO!
jk
jk
- #4,899
- Aug 31, 2011 7:02am Aug 31, 2011 7:02am
Wondering if Willauch is going to buy me those drinks or do i have to pick up the bar tab with the money i got from him like i do with everyone else....LMAO!
- #4,900
- Aug 31, 2011 7:04am Aug 31, 2011 7:04am
- | Commercial User | Joined Jun 2010 | 2,022 Posts
Paypal over the money for a rum and coke.
Well i havent seen him online in this thread yet today....
