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  • #7,181
  • Nov 1, 2012 12:43pm Nov 1, 2012 12:43pm
yes news, events triggers

most possible waiting for US elections
or may be sooner


Quoting Stimulus
Big Moves mean big swings prior to event. NFP,elections, fiscal cliff, it will happen soon. IMO
  • #7,182
  • Nov 1, 2012 12:43pm Nov 1, 2012 12:43pm
Quoting 4xPIPAHOLIC
I just want to let you know how I got to the conclusion of this "might" go very far for those who care.....
I trade 4 systems.....mostly long term....thats why you do not see me post ofter short trades....well ALL my systems are showing setups for short....."THEY HAVE NOT TRIGGERED YET"....but when they all show this the probabitities are on my side.....lets see....will they....
Ditto

I'm looking at 1 and 4 hr charts with following confirmations

1) Price below 5 EMA

2) QQE downwards

3) Bill Williams Alligator, 3 different MAs coasting downhill

4) Awesome Oscillator

5) MACD

and plenty more. I know they're 'lagging' indicators but when they are on longer term TFs eg H1, H4, D1 they give more reliable signals of the trend, and it takes a lot to turn such trends right around.

Main imponderable for me right now is NFP, approx 18 hours to go........
and Friday afternoons with that in the equation are wild cards
  • #7,183
  • Nov 1, 2012 12:43pm Nov 1, 2012 12:43pm
Quoting stevewalker
this is what I see D1

below is emty
unless
2883
2838

yes if it moves down it will be a great bear action
WOW! Nice chart for the BEARS.....
  • #7,184
  • Nov 1, 2012 12:45pm Nov 1, 2012 12:45pm
when talking technicals we talk with math.
it will be same surly.

the issue is always the direaction

Quoting Stimulus
Ty, thats what im saying, soft support in low 1.2900s. We need to get lower for real demand.
  • #7,185
  • Nov 1, 2012 12:46pm Nov 1, 2012 12:46pm
Quoting wiseambition
Ditto


Main imponderable for me right now is NFP, approx 18 hours to go........
and Friday afternoons with that in the equation are wild cards
How EUR/USD usually reacts with NFP ?
  • #7,186
  • Nov 1, 2012 12:48pm Nov 1, 2012 12:48pm
MESS

differs from time to time.
nowadays buy & sell at the same time

Quoting Peepo
How EUR/USD usually reacts with NFP ?
  • #7,187
  • Nov 1, 2012 12:48pm Nov 1, 2012 12:48pm
Quoting wiseambition
Ditto

I'm looking at 1 and 4 hr charts with following confirmations

1) Price below 5 EMA

2) QQE downwards

3) Bill Williams Alligator, 3 different MAs coasting downhill

4) Awesome Oscillator

5) MACD

and plenty more. I know they're 'lagging' indicators but when they are on longer term TFs eg H1, H4, D1 they give more reliable signals of the trend, and it takes a lot to turn such trends right around.

Main imponderable for me right now is NFP, approx 18 hours to go........
and Friday afternoons with that in the equation are wild cards...
Well said. NFP will be a doozy, putting seatbelt on, getting ready for takeoff in either direction.
"My 2 cents"
  • #7,188
  • Nov 1, 2012 12:49pm Nov 1, 2012 12:49pm
Quoting stevewalker
this is what I see D1

below is emty
unless
2883
2838

yes if it moves down it will be a great bear action
how do you make any sense of that chart lol
  • #7,189
  • Nov 1, 2012 12:49pm Nov 1, 2012 12:49pm
Morning time NZ

sparrows all farting an singing away

Talking about what to do

ended going short NZ/US.that is sitting high which could climb a we bit more.

Still have 3 small longs, an 2 shorts EUR/US

I set these at 12880

EUR/US is more likely to zoom back up
  • #7,190
  • Nov 1, 2012 12:50pm Nov 1, 2012 12:50pm
BTW I stop trading news.
mean, like trading news.
I trade technicals news hour or not, only.

Quoting stevewalker
MESS

differs from time to time.
nowadays buy & sell at the same time
  • #7,191
  • Nov 1, 2012 12:51pm Nov 1, 2012 12:51pm
after 5 years you will understand

Quoting Sixpack73
how do you make any sense of that chart lol
  • #7,192
  • Nov 1, 2012 12:52pm Nov 1, 2012 12:52pm
Quoting wiseambition
Ditto

I'm looking at 1 and 4 hr charts with following confirmations

1) Price below 5 EMA

2) QQE downwards

3) Bill Williams Alligator, 3 different MAs coasting downhill

4) Awesome Oscillator

5) MACD

and plenty more. I know they're 'lagging' indicators but when they are on longer term TFs eg H1, H4, D1 they give more reliable signals of the trend, and it takes a lot to turn such trends right around.

Main imponderable for me right now is NFP, approx 18 hours to go........
and Friday afternoons with that in the...
Correct.....yes they are lagging indicators but they still good...for confirmation....
I am also seeing is PA across a number of main pairs....plus bearish patterns across these pairs....lets see....
  • #7,193
  • Nov 1, 2012 12:52pm Nov 1, 2012 12:52pm
Quoting stevewalker
MESS

differs from time to time.
nowadays buy & sell at the same time
So when it says "Good for currency" means nothing?
  • #7,194
  • Nov 1, 2012 12:53pm Nov 1, 2012 12:53pm
Quoting stevewalker
after 5 years you will understand
For some more than 5-10 years....
  • #7,195
  • Nov 1, 2012 12:54pm Nov 1, 2012 12:54pm
Quoting eliteincome
Morning time NZ

sparrows all farting an singing away

Talking about what to do

ended going short NZ/US.that is sitting high which could climb a we bit more.

Still have 3 small longs, an 2 shorts EUR/US

I set these at 12880

EUR/US is more likely to zoom back up
It could, but how far. Quantify. I am a numbers guy.
Were you long at 1.2880 or shorting till then?
"My 2 cents"
  • #7,196
  • Nov 1, 2012 12:54pm Nov 1, 2012 12:54pm
look really good nfp means us economy good therefore stocks up, risk on, eur up dollar down, which will happen since obama wants to get re elected we just need to know what number will be on that indicator tomorrow, but I guess it will range 123k-130k
  • #7,197
  • Nov 1, 2012 12:55pm Nov 1, 2012 12:55pm
- News triggers. Does NOT give Direction
how do you know it is good for currency
are you Bernanke?

there are thousands of different parameters that Central Banks looking for.
when a data good for currency today, tomorrow is bad.
eg... only one // depending on the expprt/import regulations/plans/forecasts
when weaknes of currency is good for country, tomorrow it will be bad



Quoting Peepo
So when it says "Good for currency" means nothing?
  • #7,198
  • Nov 1, 2012 12:57pm Nov 1, 2012 12:57pm
Quoting 4xPIPAHOLIC


For some more than 5-10 years....
And for some NEVER......but Steve you have to admit people that are here just to make money and go.....people that are not obsessed with trading.....that they don't love this business..... might never get it.....
I am not saying now it is right or wrong to be like this but it takes time.....you need to mature in the business like all other businesses...
  • #7,199
  • Nov 1, 2012 12:59pm Nov 1, 2012 12:59pm
%100 agreed
this is bussines.
the biggest retail bussines on earth!

Quoting 4xPIPAHOLIC
And for some NEVER......but Steve you have to admit people that are here just to make money and go.....people that are not obsessed with trading.....that they don't love this business..... might never get it.....
I am not saying now it is right or wrong to be like this but it takes time.....you need to mature in the business like all other businesses...
  • #7,200
  • Nov 1, 2012 12:59pm Nov 1, 2012 12:59pm
I LOVE THIS
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