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Which system is the best? Or which combinations of systems work the best? 46 replies

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  • #21
  • Edited 5:16am Dec 6, 2011 4:56am | Edited 5:16am
Common Theme:

Credit ratings cut talks + RBA rate cut(Second this year) = Risk OFF

For non believers: Google it...

S&P is an authority lately...
  • #22
  • Edited 5:26am Dec 6, 2011 5:15am | Edited 5:26am
OK... mistakes cost money. Me squak feed is causing issues... anyway opened a trade 1.3404... and BANG Germany factory orders came in at +5.2 (expecte 0.9).. and I got blown away. Situation doesn't change though.. still Risk Off.

Shorted it again at 1.3420.. after that push up due to German Data.

I hope to figure out things with squak feed.. Coz no I feel like without hands. Information is the most precious indicator one can have.
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  • #23
  • Dec 6, 2011 5:22am Dec 6, 2011 5:22am
Quoting Porkpie
Keep going Arsa, nice thread.
You are welcome to join the discussion Or should I say start one.. lol
  • #24
  • Dec 6, 2011 5:32am Dec 6, 2011 5:32am
hi arsa, interesting thread. do you pay for a bloomberg/reuters news feed?

or are you just getting your fundamental information from the free websites?
  • #25
  • Dec 6, 2011 6:15am Dec 6, 2011 6:15am
Quoting red2010
hi arsa, interesting thread. do you pay for a bloomberg/reuters news feed?

or are you just getting your fundamental information from the free websites?
Hi there,

I don't pay for Reuters/Bloomberg. Just go to their websites and enjoy

Though I pay for Squawk feed and bullets from Market News International.
  • #26
  • Dec 6, 2011 6:24am Dec 6, 2011 6:24am
What I'm looking now on Euro...

1. A convincing dip down through 3300/20 area
2. Break of magenta trendline
3. lower lows and lower highs

So far I have 3360 target in mind.


Some important CAD news today are coming out so watch out!
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  • #27
  • Dec 6, 2011 7:03am Dec 6, 2011 7:03am
I think you got a right mix. Keep it going.
I just don't have much to add ATM, except.. short from 3406, target 3380

scratch that. closed at 3397, price stalled for too long there
  • #28
  • Dec 6, 2011 7:51am Dec 6, 2011 7:51am
- S&P KRAEMER: Crisis has spread from EMU periphery to core
- $1.3330 Strong demand on approach/T-line off $1.3212/Stops

Moving my TP further...
  • #29
  • Dec 6, 2011 7:56am Dec 6, 2011 7:56am
EFSF: S&P Ratings puts EFSF sovereign ratings (AAA) on review on Watch
Negative, which follows its warning on the 15 of 17 EU nations' ratings
on Monday.
  • #30
  • Dec 6, 2011 8:24am Dec 6, 2011 8:24am
Option expiries for today's 1500GMT cut,
* Euro-dollar; $1.3200, $1.3250, $1.3300(large), $1.3330(large),
$1.3400(large), $1.3500, $1.3520
* Dollar-yen; Y77.75(large), Y78.00(large), Y78.50, Y79.00
* Cable: $1.5850
* Dollar-Swiss; Chf0.9300
* Swiss-yen; Y85.50
* Aussie; $1.0200/05, $1.0250
* Kiwi; $0.7850, $0.7935
* Aussie-Kiwi; NZ$1.3160
  • #31
  • Dec 6, 2011 8:25am Dec 6, 2011 8:25am
Fundamental levels (orders, options, technicals),
$1.3515 Stops
$1.3500/10 Medium offers
$1.3487 Monday high NY
$1.3470 Medium offers/Tech $1.3468 61.8% $1.3550/1.3336
$1.3450/55 Medium offers/Tech $1.3451 76.4% $1.3487/1.3336
$1.3429 Tech 61.8% $1.3487/1.3336/Strong offers into $1.3430
$1.34283 Int.Day high Europe, Asia $1.3404
$1.3405 ***Current mkt rate 1226GMT Tuesday
$1.3400 Medium demand
$1.3390 Stops
$1.3375/70 Medium demand
$1.3336 Int.Day low Europe, Asia $1.3361
$1.3330 Strong demand on approach/T-line off $1.3212/Stops
$1.3310/00 Medium demand/Stops
$1.3280 Strong demand/Stops
  • #32
  • Dec 6, 2011 8:27am Dec 6, 2011 8:27am
Options expiry and orders touted are just in line.. 1.3330 seems like a good target. If I'll be patient enough.. now its consolidating too much for my taste + it broke a small TF trendline.
  • #33
  • Dec 6, 2011 8:36am Dec 6, 2011 8:36am
Quoting arsa
OK... mistakes cost money. Me squak feed is causing issues... anyway opened a trade 1.3404... and BANG Germany factory orders came in at +5.2 (expecte 0.9).. and I got blown away. Situation doesn't change though.. still Risk Off.

Shorted it again at 1.3420.. after that push up due to German Data.

I hope to figure out things with squak feed.. Coz no I feel like without hands. Information is the most precious indicator one can have.
closed it at 3378..
  • #34
  • Dec 6, 2011 11:07am Dec 6, 2011 11:07am
Today we had a Risk Off environment but price didn't make any substantial losses (so far). Therefore market is somewhat not decisive. (euro and cable)

What is interesting about cable that it likes to overshoot S/R and then pullback into the range... can't really explain this phenomena.

Also, likes to retrace around London close..

Considering all these facts:

last trade of the day..

longed cable at 5568. Target at 5630... Its my weakness I have troubles having decent targets. I always choose closest supply/demand area.


But lets just see.
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  • #35
  • Dec 6, 2011 2:25pm Dec 6, 2011 2:25pm
updated my target to 3622 coz its 100% extension from initial bullish wave today.. You can see that fib holded down there and gave another entry if you missed the initial. Price likes the 62-79 range pretty often. And if price overshoots that S/R then ratraces back into the range.. it respects that S/R on second bounce as it did today on gbpusd.
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  • #36
  • Dec 6, 2011 2:40pm Dec 6, 2011 2:40pm
Its a bit hectic probably to understand how these setups come up...

I'll try to make a Tool Box in the first post for reference.
  • #37
  • Dec 6, 2011 3:06pm Dec 6, 2011 3:06pm
Quoting arsa
Hi there,

I don't pay for Reuters/Bloomberg. Just go to their websites and enjoy

Though I pay for Squawk feed and bullets from Market News International.
This one is free
  • #38
  • Dec 6, 2011 3:14pm Dec 6, 2011 3:14pm
Waiting for news...probably GDP will move AUDUSD
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The Market pays you to be disciplined
  • #39
  • Dec 6, 2011 4:41pm Dec 6, 2011 4:41pm
Quoting Porkpie
This one is free
is there built in delay?
  • #40
  • Dec 6, 2011 4:45pm Dec 6, 2011 4:45pm
Quoting mima
Waiting for news...probably GDP will move AUDUSD
What news do you have in mind?

Market should start pricing in the cut... at least the odds are like that.
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