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EURUSD

  • #675,481
  • Aug 5, 2012 4:47pm Aug 5, 2012 4:47pm
thanks, I'll give it a look
  • #675,482
  • Aug 5, 2012 4:48pm Aug 5, 2012 4:48pm
Quoting Afarensis
Original Turtle Rules:
To trade exactly like the turtles did, you need to set up two indicators representing the main and the failsafe system.

Set up the main indicator with TradePeriod = 20 and StopPeriod = 10 (A.k.a S1)
Set up the failsafe indicator with TradePeriod = 55 and StopPeriod = 20 using a different color. (A.k.a S2)
The entry strategy using S1 is as follows

Buy 20-day breakouts using S1 only if last signaled trade was a loss.
Sell 20-day breakouts using S1 only if last signaled trade was a loss.
If last signaled trade by S1...
I'm perplex, I had no idea that trading was so complicated!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #675,483
  • Aug 5, 2012 4:49pm Aug 5, 2012 4:49pm
Quoting divak
i see that thing touching 1.23 today. Just a feeling.
Friday looks like a rocket going into space. Im not sure there's still enough gas left in the tank for today. Need for a pit stop.
Lookin for the mid 1.22's.... to buy
  • #675,484
  • Aug 5, 2012 5:01pm Aug 5, 2012 5:01pm
...
Attached Image (click to enlarge)
Click to Enlarge Name: EU1.jpg Size: 216 KB
  • #675,485
  • Aug 5, 2012 5:09pm Aug 5, 2012 5:09pm
Quoting catalin1987
hello.i am a newbie.what means QE and what will hapend if benny will say tomorow yes for QE?
QE means Quantative Easing. Means Printing Press...
Means loss of value for USD.

But Ben will wait till september. He does speak in Cambridge today it seems
  • #675,486
  • Aug 5, 2012 5:14pm Aug 5, 2012 5:14pm
Quoting pkimnyc
too late.
Quoting KillerWhale
????
Quoting pkimnyc
entry points were at thursday, friday already.
Quoting KillerWhale
I have this entry from Friday
Quoting pkimnyc
we are right at the neck line. too late, now, for longs is what i've meant.
Quoting KillerWhale
Thanks, now I see what you mean.

I trade shorter TF's so I don't pay too much attention to H+S ... and maybe that's why I'm confused. I just reviewed several textbook explanations of H+S patterns and now I really am confused

I'm probably making some dumb assumption, but it looks to me like this chart:
Attached Image (click to enlarge)
Click to Enlarge Name: cht.JPG Size: 131 KB


predicts a huge (>300 pips) move North based on the projected target by the book. True, the entry, by the book would have been on break of the neckline... but you've got 300 pips on the hook - you're gonna throw it back because you missed the entry!!!???

Obviously, I'm missing something here...

====================================
PS: I know this chart shows neckline break still to come, but I
assume your neckline was drawn slightly lower.
  • #675,487
  • Aug 5, 2012 5:15pm Aug 5, 2012 5:15pm
Quoting divak
QE means Quantative Easing. Means Printing Press...
Means loss of value for USD.

But Ben will wait till september. He does speak in Cambridge today it seems
QE is NOT printing money.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #675,488
  • Aug 5, 2012 5:16pm Aug 5, 2012 5:16pm
Quoting RWalker
I trade shorter TF's so I don't pay too much attention to H+S ... and maybe that's why I'm confused. I just reviewed several textbook explanations of H+S patterns and now really am confused

I'm probably making some dumb assumption, but it looks to me like this chart:
Attachment

predicts a huge (>300 pips) move North based on the projected target by the book. True, the entry, by the book would have been on break of the neckline... but you've got 300 pips on the hook - you're gonna throw it back because you missed the...
300bps today, after 250 friday?
market doesnt move because of an indicator. It needs some real fuel to move up or down. There wont be any QE stuff today.
  • #675,489
  • Edited 5:40pm Aug 5, 2012 5:19pm | Edited 5:40pm
Quoting KillerWhale
QE is NOT printing money.
what is it then?
http://en.wikipedia.org/wiki/Quantit...Printing_money
buying on secondary market doesnt make much difference...

i quote : Quantitative easing has been nicknamed "printing money" by some members of the media,[71][72][73] central bankers,[74] and financial analysts.[75][76] However, central banks state that the use of the newly created money is different in QE. With QE, the newly created money is used for buying government bonds or other financial assets, whereas the term printing money usually implies that the newly minted money is used to directly finance government deficits or pay off government debt (also known as monetizing the government debt)
  • #675,490
  • Aug 5, 2012 5:23pm Aug 5, 2012 5:23pm
Quoting divak
http://en.wikipedia.org/wiki/Quantit...Printing_money
what is it then?
"Why Quantitative Easing Is Not Printing Money and Why It Matters"
by Gail Fosler

http://www.gailfosler.com/featured/w...why-it-matters
New voice message: Why are you calling me? If I need you, I'll call you!
  • #675,491
  • Aug 5, 2012 5:25pm Aug 5, 2012 5:25pm
Quoting RWalker
predicts a huge (>300 pips) move North based on the projected target by the book. True, the entry, by the book would have been on break of the neckline... but you've got 300 pips on the hook - you're gonna throw it back because you missed the entry!!!???

Obviously, I'm missing something here...

====================================
PS: I know this chart shows neckline break still to come, but I
assume your neckline was drawn slightly lower.
sure, that's if the neckline breaks.

the entry by the book would be the last entry point in my book.

when did i say i missed the entry?
there were 5-6 good long setups from the bottom, if i recall correctly.
  • #675,492
  • Aug 5, 2012 5:28pm Aug 5, 2012 5:28pm
Quoting KillerWhale
"Why Quantitative Easing Is Not Printing Money and Why It Matters"
by Gail Fosler

http://www.gailfosler.com/featured/w...why-it-matters
Every money coming from a Central bank in cash is creation. It increases the balance sheet.
The assets bought by Fed now, is assets that were hold by someone before and were mobilizing cash to this specific purpose.
If u free that cash from its original purpose and the financial assets are held somewhere, u have extra cash in the economy.
The rest is semantics

Example:
pure creation = financing budget deficit = buying 100 of gov bonds = +100 on balance sheet of FED = +100 in economy
QE = buying on secondary markets for 100 = +100 FREED from these bonds but NOT created AND + 100 on the balance sheet of FED = +100 in economy
  • #675,493
  • Aug 5, 2012 5:30pm Aug 5, 2012 5:30pm
This is what I see and my opinion only. I think this a bull flag, or at least it resembles one. I got in at 1.23970 and looking to get out at the previous hourly high of 1.24035.

http://img.photobucket.com/albums/v6...5at32420PM.png
  • #675,494
  • Aug 5, 2012 5:30pm Aug 5, 2012 5:30pm
Quoting KillerWhale
I hope for you that your trading qualities are as good as your copy & paste qualities.
Maybe you could mention the source?
lol
  • #675,495
  • Aug 5, 2012 5:38pm Aug 5, 2012 5:38pm
Quoting pkimnyc
sure, that's if the neckline breaks.

the entry by the book would be the last entry point in my book.

when did i say i missed the entry?

In the context of H+S comments w/Killer you wrote:

Quoting pkimnyc
entry points were at thursday, friday already.
but that it was "too late" and since break of neckline is the entry signal, that would imply that you saw 2 entry points and the break of a neckline.

If you agree that we have a H+S patt and that entry is imminent (probably), at least I can believe I'm reading the book correctly.

Not that I would be increasing my long position on the basis of some H+S pattern. But if you do believe in that sort of thing...

I still say we have good ways North to travel.
  • #675,496
  • Aug 5, 2012 5:41pm Aug 5, 2012 5:41pm
Quoting RWalker
In the context of H+S comments w/Killer you wrote:



but that it was "too late" and since break of neckline is the entry signal, that would imply that you saw 2 entry points.

If you agree that we have a H+S patt and that entry is imminent (probably), at least I can believe I'm reading the book correctly.

Not that I would be increasing my long position on the basis of some H+S pattern. But if you do believe in that sort of thing...

I still think we have good ways North to travel.
my reply to killer was longs ,now, are too late is what i've meant.

from the right shoulder.

many ways to skin a cat. take the trade if that's what you believe.
  • #675,497
  • Aug 5, 2012 5:43pm Aug 5, 2012 5:43pm
Quoting KillerWhale
"Why Quantitative Easing Is Not Printing Money and Why It Matters"
by Gail Fosler

http://www.gailfosler.com/featured/w...why-it-matters
"The Fed’s goal is to lower long-term interest rates by creating additional demand for Treasury notes and bonds."

I guess you need money to create additional demand. If it's done by the Fed, this is creating money.
But it will disappear instantly on the day the Fed sells back its assets.
  • #675,498
  • Aug 5, 2012 5:45pm Aug 5, 2012 5:45pm
Quoting pkimnyc
my reply to killer was longs ,now, are too late is what i've meant.

from the right shoulder.

many ways to skin a cat. take the trade if that's what you believe.

Could you be a little more specific? What does "from the right shoulder" mean?

Is that where you think entries should be? ...kind of a smelly explanation .
  • #675,499
  • Aug 5, 2012 5:47pm Aug 5, 2012 5:47pm
Quoting NewbTrader7
This is what I see and my opinion only. I think this a bull flag, or at least it resembles one. I got in at 1.23970 and looking to get out at the previous hourly high of 1.24035.

http://img.photobucket.com/albums/v6...5at32420PM.png
Weird entry and reward target. U could scalp on trend line min 5 1.2384 stoch low.
  • #675,500
  • Aug 5, 2012 5:51pm Aug 5, 2012 5:51pm
Quoting RWalker
Could you be a little more specific? What does "from the right shoulder" mean?

Is that where you think entries should be? ...kind of a smelly explanation.
my initial trades were at the bottom (had couple losses before the bottom.)

refer to the text book about the right shoulder.
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