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  • #669,221
  • Jul 18, 2012 4:38am Jul 18, 2012 4:38am
i wonder if the price will drop before bernankie like it did yesterday
i mean he isnt gonna say anything new, right?
  • #669,222
  • Jul 18, 2012 4:41am Jul 18, 2012 4:41am
Quoting undertaker66
i wonder if the price will drop before bernankie like it did yesterday
i mean he isnt gonna say anything new, right?
nah...
  • #669,223
  • Jul 18, 2012 4:41am Jul 18, 2012 4:41am
rumour - Market talk that of a potential Austrian sovereign downgrade
Mohan
  • #669,224
  • Jul 18, 2012 4:42am Jul 18, 2012 4:42am
Quoting undertaker66
i wonder if the price will drop before bernankie like it did yesterday
i mean he isnt gonna say anything new, right?
...or a third higher low.
Historically when BennyDownTheHill boy speaks, things go south real quick.
  • #669,225
  • Jul 18, 2012 4:42am Jul 18, 2012 4:42am
Eyeing 1.2223
  • #669,226
  • Jul 18, 2012 4:43am Jul 18, 2012 4:43am
Quoting BlueGas
nah...
the question was if it will be the same drop as it was yesterday
that is the question
  • #669,227
  • Jul 18, 2012 4:44am Jul 18, 2012 4:44am
Quoting undertaker66
what indicators do u use?
I am a newbie for what it's worth. Nevertheless, I would say the best indicators are market correlation. When gold is strong, that means the dollar will weaken. If the dollar weakens, well you know the rest. Look at the DAC, FTSE, CAC, S&P 500, Also, look at the bond market. The bond market is considered a leading indicator. But remember I am a newbie. Learn how to draw S/R and trend lines. Memorize Japanese candle stick patterns, and memorize chart patterns beyond head and shoulders, such as triangles, wedges, pennants, flags, etc.

Alright. Peace out homies.
Luck has no place in trading. Leave that for the poker table.
  • #669,228
  • Jul 18, 2012 4:47am Jul 18, 2012 4:47am
Quoting undertaker66
the question was if it will be the same drop as it was yesterday
that is the question
I dont know, im looking to try longs at said level if pa tells me so, but we might just fall through down 2180, pa will tell, loads of stop behind 2189
  • #669,229
  • Jul 18, 2012 4:48am Jul 18, 2012 4:48am
Quoting Pair-me-up
I am a newbie for what it's worth. Nevertheless, I would say the best indicators are market correlation. When gold is strong, that means the dollar will weaken. If the dollar weakens, well you know the rest. Look at the DAC, FTSE, CAC, S&P 500, Also, look at the bond market. The bond market is considered a leading indicator. But remember I am a newbie. Learn how to draw S/R and trend lines. Memorize Japanese candle stick patterns, and memorize chart patterns beyond head and shoulders, such as triangles, wedges, pennants, flags, etc.

Alright....
How long have you been trading and what is your weekly goal if you don't mind me asking?
  • #669,230
  • Jul 18, 2012 4:48am Jul 18, 2012 4:48am
Quoting mohan76
rumour - Market talk that of a potential Austrian sovereign downgrade
Doesn't look this is affecting AUD at the moment.
  • #669,231
  • Jul 18, 2012 4:49am Jul 18, 2012 4:49am
Quoting thevadd
Doesn't look this is affecting AUD at the moment.
Austria not Australia ,
Mohan
  • #669,232
  • Jul 18, 2012 4:51am Jul 18, 2012 4:51am
Quoting BlueGas
I dont know, im looking to try longs at said level if pa tells me so, but we might just fall through down 2180, pa will tell, loads of stop behind 2189
i think ds1 is the next point atm
  • #669,233
  • Jul 18, 2012 4:51am Jul 18, 2012 4:51am
Do any of you more experienced traders notice the double top on the H4 trying to bust past the neck line. And the Double on the Dollar index? My newbie forcast is that it will continue to go down at least 50 more pips or more. Any opinions?
Luck has no place in trading. Leave that for the poker table.
  • #669,234
  • Jul 18, 2012 4:51am Jul 18, 2012 4:51am
Quoting mohan76
Austria not Australia ,
I beg your pardon.
  • #669,235
  • Jul 18, 2012 4:51am Jul 18, 2012 4:51am
Quoting undertaker66
yes, thx, i know that, just was wondering if he was using any king of oscillator for scalping
shit, while typing missed my entry point

I shall say this just once so pay close attention......

ALL and I mean ALL indicators that don't repaint are lagging indicators.
ALL repainting indicators are useless.

So if you want to consider an indicator for use you need to decide what you want it to do, then choose the appropriate one for that purpose.

If you want an indicator to give you entries for scalping - then you will loose lots of money because the opportunity is gone before you get the signal..... but, you can use one to provide some comfort to your decision.. but make sure you know what it does first ie: the maths...

take for example the stochastic all it is really telling you is where the price currently is compared with the range over the last X bars so if it is at 0 you know price is making a new low price of the last X bars some people use it as a check before a trade entry. But as with all oscilators it will give you a million crap signals in a trend move, works well in range.

Indicators work much better on bigger timeframes but then you are committed to bigger stops and targets to be successful.
  • #669,236
  • Jul 18, 2012 4:52am Jul 18, 2012 4:52am
Quoting mohan76
Austria not Australia ,
Eh, same sh*t lol
  • #669,237
  • Jul 18, 2012 4:52am Jul 18, 2012 4:52am
Covered at 1.22376 ...

11h45

Expect some counter bounces ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #669,238
  • Jul 18, 2012 4:53am Jul 18, 2012 4:53am
Quoting mohan76
Austria not Australia ,

wished it was

edit hahahaha I think lots did her is going fall over maybe
If you are new to Forex? Say Goodbye to your account!!
  • #669,239
  • Jul 18, 2012 4:53am Jul 18, 2012 4:53am
Quoting thevadd
I beg your pardon.
Austria is country in European Union
http://en.wikipedia.org/wiki/Austria
Mohan
  • #669,240
  • Jul 18, 2012 4:55am Jul 18, 2012 4:55am
a retest of 1.22555 will be nice because of 5min divergence volume reducing drop like lets see retest of 1.2240
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