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EurAnalysis Kindergarten 24 replies

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  • #51,021
  • Aug 30, 2012 4:45am Aug 30, 2012 4:45am
Hi, is there a good autotrading system for currencies that has worked .
  • #51,022
  • Aug 30, 2012 4:45am Aug 30, 2012 4:45am
Quoting Tom_D_Trader
You are really ranting . Wait till I start.

edit: btw, who are you talking to? Yourself? . Thats what I call, shot in the dark.

T
was hoping the world would see lol
  • #51,023
  • Aug 30, 2012 4:46am Aug 30, 2012 4:46am
Quoting newride
Hi, is there a good autotrading system for currencies that has worked .
Like a holy grail? Sure. U don't have a copy? It's on the first page. You have to read it from top to bottom though for instructions.
  • #51,024
  • Aug 30, 2012 4:50am Aug 30, 2012 4:50am
Quoting tropez
was hoping the world would see lol
Y, sometimes I hope too. When there are too much bulls around, I post some link to Daily telegraph, which is ultimately bearish. Just for fun. Maybe the world will see.

But the best pro in "world will see" around, is FXKiller on EUR/USD thread, who thinks that all the big fund managers are reading Forex Factory, and therefore, kids around are moving the market. Sure thing .

T
"I know one thing, that I know nothing." Sokrates
  • #51,025
  • Aug 30, 2012 4:52am Aug 30, 2012 4:52am
There's a very in your face bullish ascending triangle building up. Anybody think its relevant?
  • #51,026
  • Aug 30, 2012 4:52am Aug 30, 2012 4:52am
Quoting PipTrapper
I think you hit the buy button by mistake.
Just to early......but I had a look into my crystal ball & we good to go now... back down to the WP@2464...
Those that say do not know. Those that know do not say.
  • #51,027
  • Aug 30, 2012 4:53am Aug 30, 2012 4:53am
Quoting FXSwissTrader
Like a holy grail? Sure. U don't have a copy? It's on the first page. You have to read it from top to bottom though for instructions.
I have been trading eur/usd for past two week and shorting it. not gaining pip all minus trades. I have seen threads people using autotrading systems. Does that work? any one or any other suggestions?
  • #51,028
  • Aug 30, 2012 4:53am Aug 30, 2012 4:53am
Quoting FXSwissTrader
Really depends on what you mean by confirmation of reversal? If one waits for confirmation, one will be trading as 90% of retail investors in using lagging indicators and missing opportunities to sell/buy at extreme value. Don't follow the herd. By the time the herd jumps in because they are waiting for confirmation, it will be towards the end of the move. Just my op.

btw- I do trade both long term and intraday but ALWAYS buy/sell at value. If you buy/sell at value, most of the time PA will move in your favor but if PA goes against you,...
I totally agree with you, best value is where you buy support and sell resistance and this is also my opinion. I just don't like to trade usdcad anymore as it's correlated to oil and can change direction if i don't watch oil during trading the pair.

I am still not good in FA and learning it slowly slowly but for good

Some traders look for confirmation because they are not sure once they enter a trade and it's not confirmed it will go against them, some just take the better chance and look for the highs and lows, some are successful and aren't and everyone has his own strategy.

Thanks and please don't stop giving us these valuable info.
Man lernt nie aus
  • #51,029
  • Aug 30, 2012 4:54am Aug 30, 2012 4:54am
Quoting newride
I have been trading eur/usd for past two week and shorting it. not gaining pip all minus trades. I have seen threads people using autotrading systems. Does that work? any one or any other suggestions?
Sorry for your losses. I'm sure PT can point you in the right direction.
  • #51,030
  • Aug 30, 2012 4:56am Aug 30, 2012 4:56am
Quoting newride
Hi, is there a good autotrading system for currencies that has worked .
Yes... It's called the human brain. Works like a charm for 5% of traders.
As for trading bots, I believe the it's only 0% so far

Okay, joking aside, if there was such a program that could actually deliver consistent profits in all market conditions, it would be worth multiple millions of dollars and pretty much outside your budget... I think
Those who say it cannot be done should not interrupt those who are doing it
  • #51,031
  • Aug 30, 2012 4:56am Aug 30, 2012 4:56am
Newride. I am sure there were many which worked, and many which burned. I was once working for algo futures trader, so i know how it works. The problem, why algo trading aint working in the long term, is because we still dont have AI. Bots cant evolve themselves, and market evolves nonstop. So, there may be many bots which work for like a year, maybe even two, but usually they dont work for more than half a year. If you want to run algo trading system, you would need to a) be genious b) employ genious c) employ 20 mathematicians, physicians and traders, who keep on evolving your system. Thats how big algo players do it.

T
"I know one thing, that I know nothing." Sokrates
  • #51,032
  • Aug 30, 2012 4:58am Aug 30, 2012 4:58am
Quoting ohenry
Just to early......but I had a look into my crystal ball & we good to go now... back down to the WP@2464...
Okay I'm holding my breath. If I die of asphyxiation, it's your fault
Those who say it cannot be done should not interrupt those who are doing it
  • #51,033
  • Aug 30, 2012 4:58am Aug 30, 2012 4:58am
Quoting PipTrapper
Yes... It's called the human brain. Works like a charm for 5% of traders.
How to Win at Sports Betting: DON'T DO IT!
  • #51,034
  • Aug 30, 2012 5:03am Aug 30, 2012 5:03am
a lot of people here seem to be short (or pretend) because of fundamental reasons and not because candle is down. Kinda like reasons with long term views while using short term strategies to trade.
  • #51,035
  • Aug 30, 2012 5:04am Aug 30, 2012 5:04am
Quoting newride
I have been trading eur/usd for past two week and shorting it. not gaining pip all minus trades. I have seen threads people using autotrading systems. Does that work? any one or any other suggestions?
My friend the only side a box delivers profits to are the snakes that sell them & the brokers that entertain them...YOU need to find your path thru testing and retesting...of past data thru various market conditions...not what you want to hear I'm sure but that is the only way and that in its self offers no guarantees only probabilities which you need to comfortable with...good luck..
Those that say do not know. Those that know do not say.
  • #51,036
  • Aug 30, 2012 5:06am Aug 30, 2012 5:06am
Quoting PipTrapper
......

Trading intraday, all one needs to know is what is happening right now.

Risk-On/Risk-Off can in fact last for days or even weeks, however it does flip. For example you could see two to three weeks of risk aversion with one or two days in that period where the market becomes temporarily excited and gains some risk appetite. This blip in appetite is what is partially responsible for small corrections in a trend........
It then comes back to my suggestion but it would have to be adjusted a little by putting the words overall infront of the suggestion of risk on/off.

But it would still take someone that could understand when risk is on or off, and back it up with that reason.

Could be a lengthy post then

I think just posting here more often is helping wme learn more than reading around.



Quoting PipTrapper
It's all driven by a combination of investor/trader sentiment and the release of economic and political news/events. Can also be effected by natural disasters that may effect economic activity such as earthquakes, hurricanes, civil or military conflicts, tensions between countries that can lead to conflict, etc.

There is so much info to consider, that one really needs to be tuned in on all the underlying influences at all times before one can come up with a mid to long term sentiment in these markets.
  • #51,037
  • Aug 30, 2012 5:07am Aug 30, 2012 5:07am
Quoting tropez
a lot of people here seem to be short (or pretend) because of fundamental reasons and not because candle is down. Kinda like reasons with long term views while using short term strategies to trade.
I don't get what you mean Tropez. I trade mid/long term with a mid/long term view and using mid/long term strategies. There are others here who only scalp and many others in between.

On what are you basing your observations? 2 pages of posts?

If you take some time to scroll back at least two or three weeks, or simply follow this thread for two or three weeks forward, you will see what I mean. Otherwise I think you are jumping to unfounded conclusions.
Those who say it cannot be done should not interrupt those who are doing it
  • #51,038
  • Aug 30, 2012 5:07am Aug 30, 2012 5:07am
Quoting tropez
a lot of people here seem to be short (or pretend) because of fundamental reasons and not because candle is down.
Yup, thats me and PT. Maybe I ve missed someone, but dunno who right now. I think Gofer is long term short as well and maybe Swiss. I plan to short the foker into oblivion with yearly target at 1,14.

But nevertheless, when fundamental reasons are pointing down, you usually have candle down as well .

T
"I know one thing, that I know nothing." Sokrates
  • #51,039
  • Aug 30, 2012 5:11am Aug 30, 2012 5:11am
Quoting tropez
a lot of people here seem to be short (or pretend) because of fundamental reasons and not because candle is down. Kinda like reasons with long term views while using short term strategies to trade.
Dude there are more diplomatic ways to ask us to show you what we...not everyone by the way...are seeing..
Here is price building up with some pressure that will breakout and start a short term move..there are 2 indications 1stly the triangle formation & secondly we have divergence...ok that's my 5c...
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Those that say do not know. Those that know do not say.
  • #51,040
  • Aug 30, 2012 5:12am Aug 30, 2012 5:12am
Quoting newride
I have been trading eur/usd for past two week and shorting it. not gaining pip all minus trades. I have seen threads people using autotrading systems. Does that work? any one or any other suggestions?
There are many EAs available in FF for free use but all have a disclaimer attached. So whatever you do you need to take the responsibility of doing it.

I can see the positive thing happened to you is joining this thread. Two weeks is nothing to consider your way so far is wrong, if you had bad trades that is only a part of Forex Trading.

Manual Trading is best since you are eliminating the dependencies of the algorithms which you don't understand.

You will find here many Legend Traders like PT, FxSwiss, Gofer and the list continues so just continue learning and understand what you are doing.

There is no worth thing in the world comes easy to you.

Best Regards.

Btw: Sorry for the kintergarden talk (Tom)
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