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  • #545,801
  • Oct 1, 2011 11:46am Oct 1, 2011 11:46am
Quoting leerees
If your trading strategy is catching trends then I'm not one to argue however I would like other retail traders to be mindfull of volumes and institutional buying levels. It's helpfull for everyone if we are all trading with the big boys, rather than against them.

The reason I don't use moving averages or any other forms of indicators is because they skew what's really happening in the market.

Take note of high volumes and draw these levels onto the chart for future reference, because it gives you an idea of who's brought into the market...
really?
  • #545,802
  • Oct 1, 2011 11:48am Oct 1, 2011 11:48am
Quoting deankenny21
oh my, there must be so many noobs who have lost money from this thread.

So many different speculators all speculating something completely different.
Now i see why the market can be so undecided when you have all these people with their crazy looking indicator frenzy headache charts sending 1,000,000 different messages out.
The only reason people lose money in forex is "get rich quick" thinking.

How many can wait even 5 to 6 weeks before taking or closing a position?.................. this is 1,000,001st message.
The Thief of Wall Street
  • #545,803
  • Oct 1, 2011 11:49am Oct 1, 2011 11:49am
Quoting deankenny21
exactly, MAS are the useless thing i have come across, MA cant detect if ur arriving at some HUGE SELLERS or HUGE BUYERS

mas lag and i hate that, supply and demand is the way forward, and has been since the creation of any market.
gl.
  • #545,804
  • Oct 1, 2011 11:53am Oct 1, 2011 11:53am
Quoting pkimnyc
gl.
thank you, i been using supply and demand trading now for a while, and my trading completely took off, i have a few followers in the journal with a live trading room showing my screen to all people live all day, with pure NAKED charts we all take trades together strictly based upon supply and demand and fibs, we had 30-40 winners this week i lost count, and 2 losers.

I dont claim to be no forex guru, im a school dropout and have hardly any education, im working class and driving a taxi, ppl in the room apreciate my honesty in not trying to make people think im something im not!

I trade a LIVE account in front of everyone with nothing to hide!
Im so confident of supply and demand, the hardest part is identifying between true supply or demand and continuous supply or demand, once you get this, the sky is the limit. THat is all
  • #545,805
  • Oct 1, 2011 12:02pm Oct 1, 2011 12:02pm
Quoting deankenny21
thank you, i been using supply and demand trading now for a while, and my trading completely took off, i have a few followers in the journal with a live trading room showing my screen to all people live all day, with pure NAKED charts we all take trades together strictly based upon supply and demand and fibs, we had 30-40 winners this week i lost count, and 2 losers.

I dont claim to be no forex guru, im a school dropout and have hardly any education, im working class and driving a taxi, ppl in the room apreciate my honesty in not trying to make...
Many ways to skin a cat. Nice to know your success.
  • #545,806
  • Oct 1, 2011 12:07pm Oct 1, 2011 12:07pm
Quoting pkimnyc
Many ways to skin a cat. Nice to know your success.
True, and i respect anyone that makes profits in thier own way.

We all have our own method some better than others, but if your making profits and it works why change.

Good luck to all
Dean
  • #545,807
  • Oct 1, 2011 12:07pm Oct 1, 2011 12:07pm
Thanks FXMindset i do agree on this rather simple view,
that there is a lot of pressure on the Euro coming up not
only from a TA point of view.
Keeping an eye on the DAX due to correlation can help with
the risk sentiment and be of additional help for Monday.



Quoting FXMindset
Hi Guys,

Try to share my view on monday - Forecast
- Friday Daily Close We've tested the support & hold so far @ 13382 But We've close lower from 6 previous Daily low's
- EU Monthly Trend Support lying @ 1337 Level and We close 7 Month

Only a simple and poor chart,hopes can be help
  • #545,808
  • Oct 1, 2011 1:36pm Oct 1, 2011 1:36pm
Quoting Pipwanderer
WTF
i was testing spike after i post that message, nothing happened
  • #545,809
  • Oct 1, 2011 1:49pm Oct 1, 2011 1:49pm
Quoting Raghu_C
i was testing spike after i post that message, nothing happened
Why not use bold red upper-sized statement this time?
  • #545,810
  • Oct 1, 2011 1:58pm Oct 1, 2011 1:58pm
Quoting Raghu_C
i was testing spike after i post that message, nothing happened
To be honest, shouting out calls with no charts or analysis is not exactly clever. For sure it gets you noticed and then if you get it wrong you are left looking like an idiot.

We all get some calls wrong. No one is 100% right, but it was the manner that you did it in that showed your immaturity as a trader.

Next time, it would be helpful to have reasoning behind your call, even better with a chart to back it up as a picture tells a thousand words.
  • #545,811
  • Oct 1, 2011 2:24pm Oct 1, 2011 2:24pm
Hey all, If you looks at the monthly chart of the US dollar index the 4 months over the summer are very similar in appearance, and this preceded the major rise in USD, and massive fall in stocks etc.

As we can see in 2008 we broke out (very similar to this month) before having violent swings throughout october but ultimately ending higher. this is why I am reckoning that within the first two weeks of this month we will retest yearly lows under 1.3000, before rising rapidly to maybe 1.35/6 (perfect area for short IMHO), and then the real fireworks begin with a huge rise in USD. We should see mid-low 1.20's E/U, and then the volatility around new year time should coincide with the descending trendline.

Seems like 2008 all over again, good luck out there

Jeremy
Attached Image (click to enlarge)
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  • #545,812
  • Oct 1, 2011 2:33pm Oct 1, 2011 2:33pm
Quoting JeremyWS
Hey all, If you looks at the monthly chart of the US dollar index the 4 months over the summer are very similar in appearance, and this preceded the major rise in USD, and massive fall in stocks etc.

As we can see in 2008 we broke out (very similar to this month) before having violent swings throughout october but ultimately ending higher. this is why I am reckoning that within the first two weeks of this month we will retest yearly lows under 1.3000, before rising rapidly to maybe 1.35/6 (perfect area for short IMHO), and then the real fireworks...
Great Analysis.
Just flip that chart upside down and you got yourself a Euro Index.
Those who say it cannot be done should not interrupt those who are doing it
  • #545,813
  • Oct 1, 2011 2:34pm Oct 1, 2011 2:34pm
Quoting Chicky
The only reason people lose money in forex is "get rich quick" thinking.

How many can wait even 5 to 6 weeks before taking or closing a position?.................. this is 1,000,001st message.
very true...its all about the bank bank bank...
  • #545,814
  • Oct 1, 2011 2:59pm Oct 1, 2011 2:59pm
Chicky's right.

I personally only exit at strategic-psycho-levels in a market, and same goes with entry.
Cashing out early, is the cause of people thinking they can do that again, and again, and that results to overtrading. See green candle, on your sell position, u close your short, and change to a buy. Thats wrong unless theres a clear/firm analysis from oneself that this is the right place to exit.

I believe that "dollar-stops" as in "my TP is based on what I WANT, SL is based on WHAT I WANT MARKET NOT TO HIT"

you'll never succeed using dollar-stops. You need to analyze based on market.

The forex market has the 'margin of profit or loss'. You need to get in between and make sure you maximize your profit, while minimizing your loss.
Have I got something on my face, SOLDIER?
  • #545,815
  • Oct 1, 2011 3:27pm Oct 1, 2011 3:27pm
eurusd weekly 2011
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD W.jpg Size: 93 KB
  • #545,816
  • Oct 1, 2011 3:54pm Oct 1, 2011 3:54pm
Quoting leerees
If your trading strategy is catching trends then I'm not one to argue however I would like other retail traders to be mindfull of volumes and institutional buying levels. It's helpfull for everyone if we are all trading with the big boys, rather than against them.

The reason I don't use moving averages or any other forms of indicators is because they skew what's really happening in the market.

Take note of high volumes and draw these levels onto the chart for future reference, because it gives you an idea of who's brought into the market should...
Interesting things you got there... but yea with my MA144 and MA169 on a H4 chart.. it takes more than big boy manipulation in a week to actually change the trend from a bull to a bear... soo yea but i have to disagree on someone who supports your theory, who literally said that MAs are useless?? think its dearkenny or some name like that.. MAs are what you can determine a trend with... and if thats useless i have a hard time imagining how hes gona make money... also ive been studying over 2 years using this strategy of mine, but i am infact more of a fundie trader than anything and i actually trade in REAL more on Psych Levels, time to time you can see a pair finding it difficult to break Large Even Numbers, like 1.3500 and 1.3400, everytime when the price tests these level, it could rebound or take ages to break through, reason for that is Big Boys are CONSTANTLY in the market, so heres the thing i got to disagree when you say BigBoys come and go, Big Boys are ALWAYS IN... their interest have always been Stop Hunting as its the most profitable for them... not only stop hunting retail traders, but also rival banks, and they got automated softwares to do that for them... ANYONE thinking Central Banks are trading shit manually must definitely be a noob by now... Central Banks run a lot of automated algorithms which interchanges behaviours time to time.. thats why we can never have a winning strategy... because we dont know whens the best to use what... even some interventions are done automated.. look at BOJ's intervention... only intervention thats not automated is the powerhouse SNB... SNB's intervention is Deadly and thats why i warned people in this thread back in August to stop shorting the USDCHF... none believed me... and they got screwed big time... cuz the thing shot up 1000 pip in a second, kept telling everyone SNB will intervene and they will NEVER TELL it... they just stick their hands in and intervene without notice... thats what you see in the EURCHF Pegging at 1.2...
SNB are well known intervention ninjas...
i know all too well about them because i actually ttraded fundies for 3 years, ive only recently tried to develop a consistent strategy trading High Volume Pairs like EURUSD,GBPUSD,USDCHF, EURCHF, GBPCHF, GBPJPY with only 1 single set of indicators, wihch is 4Moving averages and 1 Keltner Band.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #545,817
  • Oct 1, 2011 8:27pm Oct 1, 2011 8:27pm
please, anybody could explain to us

http://www.washingtonpost.com/busine...UDL_story.html

that news will bring us to where?
  • #545,818
  • Oct 1, 2011 8:51pm Oct 1, 2011 8:51pm
Sunattack,

I agree, how vague is vague? why not add the cost of radishes in the protest.
Way too much time on their hands
If I was free at 2:00 in the afternoon I would be searchin' for work
  • #545,819
  • Oct 1, 2011 9:03pm Oct 1, 2011 9:03pm
I really do not know. But any of the expert will help you.
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  • #545,820
  • Oct 1, 2011 9:10pm Oct 1, 2011 9:10pm
Quoting bguguen
i know all too well about them because i actually ttraded fundies for 3 years, ive only recently tried to develop a consistent strategy trading High Volume Pairs like EURUSD,GBPUSD,USDCHF, EURCHF, GBPCHF, GBPJPY with only 1 single set of indicators, wihch is 4Moving averages and 1 Keltner Band.
Im also use 4 different moving average.

Im actually using EMA6, EMA14, EMA40 and EMA200. They are pretty usefull and work fine on 4 hour chart, daily and weekly chart
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