FOMC Statement

To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens => EU may up

Jan 30, 2013 2:48pm

Did the yen collapse over the past 3/4 months due to technical issues or fundamental central policy decisions? Did the DJIA rise at the end of December due to the fundamental decisions made by the USA govt? Why has the kiwi risen sharply offering up a decent opportunity for intra-day traders? Could it be due to a fundamental decision?

Quoting Loadedgun

Disliked

Confusion central as usual further compounded by wishing to trade short-term (trends define direction for > than a day or a few hours on some piece of crap news or release and cannot be guessed at by reading the entrails of dead animals i.e." fundamentals" aka voodoo). Very sure that all those who claim to be trading on that basis remain and will remain net losers in this market. What a laugh.

BTW: We did get to 1.35 despite all the crap sayers and the idiotic explanations of the crowed (aka the mob and their even more ignorant "soothsayers"...

Ignored

Jan 30, 2013 3:14pm

Fascinating insight. Has it worked for you?

Quoting BenMario

Disliked

110% technical -10% fundamental. News are cover-ups. Media wants you to know what they want you to know. All the movements fixed 3-4 months earlier before it moves. Global economy is controlled by selected few for thousands of years. Nothing changed and will never change till end of days.

Look at every central bank's statement. It changes every week. Some changes daily and some monthly. Ex: last month was because of employment, last week was because of housing, today its all about the weather. Next week its all about Euro.
Even 9-11 was a setup....

Ignored

Jan 31, 2013 8:42am

You're trading up to 100 lot size?...LOL...

Quoting BenMario

Disliked

Any time frame actually. Fibo retracement. If you have huge capital, go on weekly chart. Not sure ur trading contract size tho (mine min is 20 lots and max 100 lots silver 1:100 leverage. Most of the time 50 lots. 20 lots, 1 pip = $200). If you are trading with capital of $10,000 and each contract size is 0.1 lot or max 1 lot then theres no issue at all. I personally suggest day trading H1 or M30 chart.

Btw, talking about fundamental, look at jobless today. -38,000. Gold and silver went south. Maybe its because of personal income (one of the...

Ignored

Jan 31, 2013 10:13am

LOL...

Quoting BenMario

Disliked

I dont see why 100 lots is an issue. It all depends on broker. I used to trade with GCI but they sux big time in term of spread and server uptime. Now iam with Insta.
1 lot = market price X 5 X volume + spread. Fixed spread 4 pips (silver)
if Market price 32.00, then 32 X 5 X lot size.
100 lots = 32 x 5 x 100 + spread = $18,000 margin. ( 1pips = $500)
If you know what you are doing, this is not an issue at all. ive enough margin for 1000 lots. ( entered yesterday silver 32.10 short (post #44) 50 lots keeping it till friday). Today short...

Ignored

Jan 31, 2013 3:48pm

Well given the absolute, (not worth debating against), fact that only fundamentals and news events move the markets then yes, they do help.

For sure you'll get rejections off the 200MA, or a blast through, similarly the constants that are levels of resistance and support are incredibly useful given that's where institutions feed, but nothing replaces fundamental analysis were FX is concerned, it's everything.

Quoting BenMario

Disliked

Fundamentals gonna help you good sir.

Ignored

Feb 1, 2013 5:27am

I'm confused by your random snippets, however, it doesn't matter, it's irrelevant given that you don't really trade 100 lots off low time frames trading commodities such as silver. Why posters persist in such pathological behaviour on forums is a mystery to me.

Quoting BenMario

Disliked

This:

Explains everything.

1. Just like if you know the scientific and medical fact of coca-cola/pepsi, then you'll know how bad they are but, because of the constant advertisement (by seconds if you may) it becomes your favorite beverage.

2. Since its absolute (according to you) only fundamental moves the market, doesnt that means trading daily or by the hour of every news is the best way to go ? since they changed every day/week/month ? or you are telling us jobless figure will remail -38000 every week for the next 100 years ?

=====

Thanks....

Ignored

Feb 1, 2013 10:30am

There's nothing you can teach here, you made yourself look foolish, best to back off and quieten down as opposed to compounding your stupidity; "100 lots scalping silver"...The only bit of fund managers you'll know and meet in N.Y.C are their dirty shoes, now get back to polishing them you silly boy...

Quoting BenMario

Disliked

If you need to know HOW, all you need to do is ASK.

Every blind man believes everyone else around him sees the world exactly the way he does.
Every retard kid believes everyone else is just like him/her.

Like i said earlier, if your are trading with $1000 account, you believe everyone else around the world trades as much or lesser than you. Maybe you need to go out more. The day you are able to come out of your ignorance cocoon might just be the day you are able to trade more than $1000. After all, ignorance is a bliss

Have a good...

Ignored

Jan 30, 2013 2:10pm

Quoting Loadedgun

Disliked

Confusion central as usual further compounded by wishing to trade short-term (trends define direction for > than a day or a few hours on some piece of crap news or release and cannot be guessed at by reading the entrails of dead animals i.e." fundamentals" aka voodoo). Very sure that all those who claim to be trading on that basis remain and will remain net losers in this market. What a laugh.

BTW: We did get to 1.35 despite all the crap sayers and the idiotic explanations of the crowed (aka the mob and their even more ignorant "soothsayers"...

Ignored

nice to see you man ...please calm down

Timetraveler

Jan 31, 2013 8:51pm

Quoting mima

Disliked

1.36 FINALLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Ignored

From now on you have no excuse that you go long so you're expected to bet the farm aiming 0.631(your range, not ours) and continue PRAYING a pig gets out out out

Andre V

Jan 30, 2013 2:02pm

Guys can someone please help me with the correct settings to use for the stochastic oxilirator and the cci.

Please guys....

Johahky7 i know you gave me good advice in the past and thanks for that.

Sanguis

Jan 30, 2013 8:19pm

Quoting Loadedgun

Disliked

Confusion central as usual further compounded by wishing to trade short-term (trends define direction for > than a day or a few hours on some piece of crap news or release and cannot be guessed at by reading the entrails of dead animals i.e." fundamentals" aka voodoo). Very sure that all those who claim to be trading on that basis remain and will remain net losers in this market. What a laugh.

BTW: We did get to 1.35 despite all the crap sayers and the idiotic explanations of the crowed (aka the mob and their even more ignorant "soothsayers"...

Ignored

Go all day, for the math says. That the wife dies? Who cares? I do. 1000 euros a day look for 3 hours. And why do they care how stupid the majority?

Andre V

Jan 30, 2013 8:46pm

Hi guys can someone give the correct and best settings for an cci indicator and rsi and momentum and stochastic oxilirator for mt 5 platform on a H 1 chart.

And what is the best tech... indicators you guys use for a H 1 and H 4 chart?

Jan 30, 2013 8:51pm

Quoting Andre V

Disliked

Hi guys can someone give the correct and best settings for an cci indicator and rsi and momentum and stochastic oxilirator for mt 5 platform on a H 1 chart.

And what is the best tech... indicators you guys use for a H 1 and H 4 chart?

Ignored

aligator and RSI. its good for newbie

Jan 30, 2013 10:07pm

bernannke want to inject funds but he is pessimistic because the 4th quarter gdp fell to -0.1% from 1.1% forecast.this coralated with technical was overbought.
to 36 is too hard, so what do you think????

elekboy

Jan 30, 2013 1:31pm

the Committee will continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month

==> long gold

cecchino

Jan 30, 2013 1:43pm

crucial point in the short term is 1.36 if break this point i think there is nothing to stop the rise to 1.38. The Fed continue to keep the press at the maxim and the ECB have sold the press. Result long the euro but with careful for eventually turning point.
Eventually declaration from Barroso "euro is too stron!"

Dr.Zain

Jan 30, 2013 2:44pm

LG where you been? Nice to read some thing from your end, please don;t leave us alone, long time ago you mentioned that on weekly chart (200 sma) gold will touch 1.35. Appreciate your studies

Pip Anon

Jan 30, 2013 1:30pm

Quoting xdoctor

Disliked

Sell gold

Ignored

Why sell gold? Inflation trade.

Jan 30, 2013 2:05pm

Nature is scary yea.

1. Consumer spending. Spending rose at a 2.2% annual rate, led by the largest increase in purchases of durable goods in two years.

2. Business investment. Capital spending rose at an 8.4% rate, spending on equipment and software increased at a 12.5%

3. Home building. Home construction grew at a 15.3% annual pace. Home building added 0.4 percentage points to growth in the quarter.

More than enough reason to short now.

Jan 30, 2013 2:21pm

Quoting Loadedgun

Disliked

Do your analysis - use mean reversion and ignore the news and crap fundamentals - learn to read and trade the trend - it is dead simple.

Ignored

<-- THIS. Agreed
----------------------
FIBO for life.

0.0 - 14.6 - 23.6 - 38.2 - 50 - 61.8 - 76.4 - 85.4 - 100 - repeat after 100. Any time frame.

These numbers never let me down. Naked chart with fibo alone is all that i need.
Here for the calendar on 'fast-cash' trade time.

Jan 30, 2013 2:44pm

Posted this yesterday. Hope someone followed.

http://www.forexfactory.com/news.php?do=news&id=407044

" ...However, American retail traders consist of 90% hardcore gambler so there'll be long right before statement. (buy the rumors, sell the fact) Then about 2:45 to 3:00 pm all in short to atleast 28.00.

7am Premarket = long. 8am close
8:30 am some sudden crazy movements (follow the market direction). Close before noon
1:30 pm long (follow the hardcore retail gambler). Close at 2pm
2:30 pm short. Close on friday (200 to 250 pips easy)

Happy trading..."

I was aiming for 100 pips silver. 80 is good enough.
Silver position short secured 32.10 for 120 pips. <3

Jan 30, 2013 3:03pm

Quoting Squeeze

Disliked

Did the yen collapse over the past 3/4 months due to technical issues or fundamental central policy decisions? Did the DJIA rise at the end of December due to the fundamental decisions made by the USA govt? Why has the kiwi risen sharply offering up a decent opportunity for intra-day traders? Could it be due to a fundamental decision?

Ignored

110% technical -10% fundamental. News are cover-ups. Media wants you to know what they want you to know. All the movements fixed 3-4 months earlier before it moves. Global economy is controlled by selected few for thousands of years. Nothing changed and will never change till end of days.

Look at every central bank's statement. It changes every week. Some changes daily and some monthly. Ex: last month was because of employment, last week was because of housing, today its all about the weather. Next week its all about Euro.
Even 9-11 was a setup. What else there is to fundamental ? World war 3 ? Nibiru colided with earth ? End of world ? or the return of Anunaki ?

Trade ur hard earn $. Gamble them at casinos not forex.

Jan 30, 2013 3:30pm — Edited

Quoting Squeeze

Disliked

Fascinating insight. Has it worked for you?

Ignored

I dont posts much. Sometimes i do a quick post as guest and off to chart (something like post 44), sit around for quick cash and set next day trade direction. I dont recall having more than 50 total trades a month. Most of the time 20-30 trades unless my technical not showing anything solid ill farm or when market is dead for the whole week. (Iam trading silver. 30 pips high-low daily = dead market).

Add on : look at post 41. Open a clean chart. Set one fibo with all those numbers on W1 frame last year's high and low and color it red. Then Set another fibo on H4 frame with last month's high-low. Now look at your chart and tell me if its not predictable. Should you need to farm small pips, do the same on yesterday's high-low

Jan 30, 2013 4:03pm

Quoting str8bullish

Disliked

Oh yes... it does... Stop trading 15 minutes charts and look at the long term picture

Ignored

Agreed. Long term it always goes up but how long are you going to open one position and sit on it ? 5 years ? 10 years ?

I'll rather trade 15 min chart if it gives me max profitable pips (simple math) Tho i prefer 30 mins and 1 hr chart.

Short term its heading south to 1600 area.

Jan 30, 2013 5:53pm

Quoting Guest

Disliked

what is the different between trading 1 min or 5 min or 15 min or even yearly chart? isn't timeframe is a filter just your sma or ema? or am i wrong?

p/s: damn BenMario..you made me used google to search what is anunaki

Ignored

lol.

User discretion apply. Heres an example :

I prefer to trade with candlestick. It looks pretty on my chart. Every 30 mins, once the candle completed, I'll have my direction for next movement. Same goes with 1 hour chart (candle), weekly, monthly or annually chart. The only differences is i made my profit possibly in the next 30 min candle or sometimes it takes longer. Ive my own support and resistance for every time frame. In 30 mins frame its much closer compare to monthly chart.
If you have your direction locked long on weekly chart for 300 pips for example, It might takes 1 hour to reach there or 1 month or even 6 months. Now why make 300 pips in 6 months when you can make them in 1week or 1 day if ur pro.

Take a look at last week EU chart.
Entry .3300 tp .3450 = 150pips 1 week (H4 chart)
Entry exit every 30mins chart = +/- 500-700 pips/week (m30 and below)

Choice is always yours depends on your skill and capital. You can scalp, day trade, or range trade. From m1 for pro to MN for those with huge capital.

Jan 31, 2013 6:51am

Quoting jonahky7

Disliked

Nice strategy in some ways similar to mine. Well done buddy.

O well some traders whine about day traders that switch modes and claim we are more likely to be losers but f one knows how and when to trade scalping short timeframe or trend for an hour or two, the benefits are many a time better than sitting there n whine and playdown all others strategies.

Ignored

+1. Nice to know iam not alone.

Been trading almost 10 years now when silver was below $10 lol. Active since 2003-2004 and full time since 2008. Just sharing my simple technique. I dont need to sound rhetoric or pontificate but going back to basics seems to be the best way to earn. All the fundamental nonsenses killing my dopamine neurons.

Anyone asked me the best strategy to trade, my answer will always be HIT and RUN.
Nothing is certain and no indicator ever created which will tell you where the market is heading and would never be one. If you need something simple and effective, go back to basic. FIBO seems to be the best for me. Post #49 explains how to use it. Everything else is experience.

Jan 31, 2013 8:30am — Edited

Quoting Squeeze

Disliked

Off dailys or weeklies?

Ignored

Any time frame actually. Fibo retracement. If you have huge capital, go on weekly chart. Not sure ur trading contract size tho (mine min is 20 lots and max 100 lots silver 1:100 leverage. Most of the time 50 lots. 20 lots, 1 pip = $100). If you are trading with capital of $10,000 and each contract size is 0.1 lot or max 1 lot then theres no issue at all. I personally suggest day trading H1 or M30 chart.

Btw, talking about fundamental, look at jobless today. -38,000. Gold and silver went south. Maybe its because of personal income (one of the least important) ? lol

Jan 31, 2013 9:31am

Quoting Squeeze

Disliked

You're trading up to 100 lot size?...LOL...

Ignored

I dont see why 100 lots is an issue. It all depends on broker. I used to trade with GCI but they sux big time in term of spread and server uptime. Now iam with Insta.
1 lot = market price X 5 X volume + spread. Fixed spread 4 pips (silver)
if Market price 32.00, then 32 X 5 X lot size.
100 lots = 32 x 5 x 100 + spread = $18,000 margin. ( 1pips = $500)
If you know what you are doing, this is not an issue at all. ive enough margin for 1000 lots.

( entered yesterday silver 32.10 short (post #44) 50 lots keeping it till friday). Today short 50 lots entry 31.97 closed at 31.63 (fibo). (30pips profit). Iam done for the day.

---------

Quoting jonahky7

Disliked

It's far better to trade 20-50x for 10pips then to wait hours n days for 200pips, assuming 1lot.

FOrex is all about risk management - ignore the rest of traders yacking buddy if they can't see n trade the way you do. FYI I trade that style too though risky at time

Ignored

Thanks. Agreed it is risky sometimes. My best week = 100%. normally 8:2(60%) Sometimes 5:5 (break even). By week end 0 loses.

Jan 31, 2013 11:13am

Quoting Squeeze

Disliked

LOL...

Ignored

Look at the chart son.. erased yesterdays. 100 pips and still going south hard. Whats ur fundamental has to say about it now.

Btw, if you are trading with capital of $1000 usd, you really think the whole world is trading nothing more than you ? Think harder then. Good day.

Jan 31, 2013 6:12pm

Quoting Squeeze

Disliked

Well given the absolute, (not worth debating against), fact that only fundamentals and news events move the markets.

Ignored

This:

Quoting Loadedgun

Disliked

- yet the day you break the mold you start to see the "secret " of trading.

Ignored

Explains everything.

1. Just like if you know the scientific and medical fact of coca-cola/pepsi, then you'll know how bad they are but, because of the constant advertisement (by seconds if you may) it becomes your favorite beverage.

2. Since its absolute (according to you) only fundamental moves the market, doesnt that means trading daily or by the hour of every news is the best way to go ? since they changed every day/week/month ? or you are telling us jobless figure will remail -38000 every week for the next 100 years ?

=====

Quoting Spreadbetter

Disliked

Gotta say on the scale of 1-100 for messed up thinking you're at least 1,000.

Ignored

Thanks. Opinion is subjective. Each entitle to one. Sometimes, to deliver effective messaege, you need to speak the same language as of your listeners.

====

Quoting sidhujag

Disliked

No its not... actually you're the exact opposite of right because of spread

Ignored

All i can say is choose your broker. Some offers fixed spread, Some from as low as 0 spread. Mostly at 2-3 spread for currencies. Some fluctuate based on trading volume.

====

Quoting jonahky7

Disliked

What works for me may not work for others.

Ignored

This. Noobs stay away from this technique. Its not for everyone but then theres no harm to try something new. Free demo account available from almost every other broker. Test them there. Once you really understand then apply on you real trade. You always have a choice to choose.

Iam a day trader and will remain day trader forever. Only keep 1-2 trades over couple of days if my technical is certain of market direction.

See you guys next week on Draghi. Like i said, the only news i look at is FOMC, Ben, ECB and Draghi. Others pretty much nonsenses. These 4 changes market direction every single time without fail.

** Happy weekend **

Jan 31, 2013 7:20pm

Quoting jonahky7

Disliked

LOL - I was more polite earlier but since you mention it buddy. Yes its not for noobs!!!

Ignored

Politeness is overrated at this point.

Maybe some traders here are from Delaware, the word polite is not in their dictionary. Heading to bed soon too. Just setting another run on silver for today. My broker gives fixed silver spread 4 pips. I takes 2-3 trades a day at most. So its doable everyday for a trillion years no issue. Unless iam taking 100 trades a day then its highly unlikely. Good nite mate and happy weekend.

Next week ECB with Spain and Italy dilemma again and south goes EU. Tho i dont trade currencies. Commodities for life. Much easier to predict.

Feb 1, 2013 9:28am

Quoting Squeeze

Disliked

I'm confused by your random snippets, however, it doesn't matter, it's irrelevant given that you don't really trade 100 lots off low time frames trading commodities such as silver. Why posters persist in such pathological behaviour on forums is a mystery to me.

Ignored

If you need to know HOW, all you need to do is ASK.

Every blind man believes everyone else around him sees the world exactly the way he does.
Every retard kid believes everyone else is just like him/her.

Like i said earlier, if your are trading with $1000 account, you believe everyone else around the world trades as much or lesser than you. Maybe you need to go out more. The day you are able to come out of your ignorance cocoon might just be the day you are able to trade more than $1000.

After all, ignorance is a bliss

Have a good weekend. p/s : I dont mind to send you some $$ for your expenses down to NY and bring you around some fund managers with $50m to $200m at their disposal. You might probably just say those accounts are fake too. *sigh*.....

alexrazon

Feb 1, 2013 4:48am

Quoting Guest

Disliked

Hi guys!

this is my first post to FF, hope you all welcome me in special way ....

Totally agreed jonahky7..... taking profit at 10 pips is much less than the risk... or Put 10pips SL, which is nonesense at all, i never took profit less than 300 pips.

Ignored

welcome guest .213.45. not sure if your related to guest.167.235, but hey good place to bounce off ideas. but careful if you intend to trade news. personally i dont. i just like showbiz thats all. happy trading

frx_trader

Jan 30, 2013 1:31pm

Just what the market expected, nothing of surprises.

Jan 30, 2013 1:37pm

me all day short

Jan 30, 2013 1:28pm

does it seem so long?

geomink

Jan 30, 2013 1:36pm

eur/usd long or short?

Jan 30, 2013 1:38pm

just see and wait

Jan 31, 2013 8:05am

Off dailys or weeklies?

Quoting BenMario

Disliked

FIBO seems to be the best for me.

Ignored

Jan 30, 2013 1:21pm

now what ?

Jan 30, 2013 1:27pm

hmmmm.i don't see nothing serious to think over longs.cheers eu longs!

Jan 30, 2013 1:40pm

some movement in gold.....not sure if i should keep my position thou

Jan 30, 2013 1:42pm

they changed absolutely nothing...nothing should change ....but gold always volatile...shouldve given a strong movement down..didnt!..

Jan 30, 2013 1:43pm

Quoting mkj111

Disliked

buy buy buy silver

Ignored

why buy??

Jan 30, 2013 2:08pm

Quoting Guest

Disliked

why not buy?

Ignored

the same policy stance does not mean that gold will go up

Andre V

Jan 30, 2013 1:25pm

ya now what? Dont understand. Help please guys. Do we sell eur or pound or what?

Sanguis

Jan 30, 2013 7:54pm

FED? U.S. economic polices are not. This is African economic policies.

Sanguis

Jan 30, 2013 8:10pm

Bernanke did not admit to torturing piles that stupid.

Jan 30, 2013 9:55pm

maybe I call you teddy bear today.
enter 357 tp 3500

Jan 30, 2013 10:05pm

bernannke ingin menyuntikan dana tapi dia pesimis karena kuartal 4 gdp turun sampai -0.1% dari forecast 1.1%. this corelated with technical overbought.
what do you think????

Jan 30, 2013 1:30pm

Quoting skyboys007

Disliked

Jona nothing new.So its time to sleep for me now?I am from Bangladesh.Its midnight here.From where u r ?Good night.

Ignored

I don't trade FOMC just watching the fun. Done my trade this morning

Have a good evening!!!

Loadedgun

Jan 30, 2013 2:07pm

Confusion central as usual further compounded by wishing to trade short-term (trends define direction for > than a day or a few hours on some piece of crap news or release and cannot be guessed at by reading the entrails of dead animals i.e." fundamentals" aka voodoo). Very sure that all those who claim to be trading on that basis remain and will remain net losers in this market. What a laugh.

BTW: We did get to 1.35 despite all the crap sayers and the idiotic explanations of the crowed (aka the mob and their even more ignorant "soothsayers" - BIS followers, follow the big boys crowed, etc and other such daft ducks).

Do your analysis - use mean reversion and ignore the news and crap fundamentals - learn to read and trade the trend - it is dead simple.

hss

Jan 30, 2013 5:48pm

Quoting Loadedgun

Disliked

Confusion central as usual further compounded by wishing to trade short-term (trends define direction for > than a day or a few hours on some piece of crap news or release and cannot be guessed at by reading the entrails of dead animals i.e." fundamentals" aka voodoo). Very sure that all those who claim to be trading on that basis remain and will remain net losers in this market. What a laugh.

BTW: We did get to 1.35 despite all the crap sayers and the idiotic explanations of the crowed (aka the mob and their even more ignorant "soothsayers"...

Ignored

what u r saying doesnt stand for gold is it?

hss

Jan 30, 2013 6:02pm

Quoting Loadedgun

Disliked

Do your analysis - use mean reversion and ignore the news and crap fundamentals - learn to read and trade the trend - it is dead simple.

Ignored

. what time frame do you use to find out the average price for mean reversuion and how do you do it

Jan 31, 2013 1:15am

Quoting BenMario

Disliked

lol.

User discretion apply. Heres an example :

I prefer to trade with candlestick. It looks pretty on my chart. Every 30 mins, once the candle completed, I'll have my direction for next movement. Same goes with 1 hour chart (candle), weekly, monthly or annually chart. The only differences is i made my profit possibly in the next 30 min candle or sometimes it takes longer. Ive my own support and resistance for every time frame. In 30 mins frame its much closer compare to monthly chart.
If you have your direction locked long on weekly chart...

Ignored

Nice strategy in some ways similar to mine. Well done buddy.

O well some traders whine about day traders that switch modes and claim we are more likely to be losers but f one knows how and when to trade scalping short timeframe or trend for an hour or two, the benefits are many a time better than sitting there n whine and playdown all others strategies.

Jan 31, 2013 2:07am

Quoting Guest

Disliked

hey jonah plz tell uss about today euro... bull or bear..

Ignored

May have some pullback as .3584 is around 50% Fibonacci from monthly peak n low.

It may become a strong R line. But do be careful as its month end, there are reports on Usd sell, eurusd up, so I'm treading on today's trade carefully

Spreadbetter

Jan 31, 2013 5:31am

The "best settings" can only be the standard and placed on a daily chart. Why? Because that's how the creators of indicators intended them to be used.

Quoting Andre V

Disliked

Hi guys can someone give the correct and best settings for an cci indicator and rsi and momentum and stochastic oxilirator for mt 5 platform on a H 1 chart.

And what is the best tech... indicators you guys use for a H 1 and H 4 chart?

Ignored

Jan 31, 2013 8:57am

Quoting BenMario

Disliked

Any time frame actually. Fibo retracement. If you have huge capital, go on weekly chart. Not sure ur trading contract size tho (mine min is 20 lots and max 100 lots silver 1:100 leverage. Most of the time 50 lots. 20 lots, 1 pip = $200). If you are trading with capital of $10,000 and each contract size is 0.1 lot or max 1 lot then theres no issue at all. I personally suggest day trading H1 or M30 chart.

Btw, talking about fundamental, look at jobless today. -38,000. Gold and silver went south. Maybe its because of personal income (one of the...

Ignored

It's far better to trade 20-50x for 10pips then to wait hours n days for 200pips, assuming 1lot.

FOrex is all about risk management - ignore the rest of traders yacking buddy if they can't see n trade the way you do. FYI I trade that style too though risky at time

Jan 31, 2013 1:54pm

Quoting sidhujag

Disliked

No its not... actually you're the exact opposite of right because of spread

Ignored

There is no one set rule for trading as long it rake in pips that's key. What works for me may not work for others. Been raking pips in though I loses sometime - end of the day no one controls forex or tell me how n what direction to trade I follow sentiments n fundamentals of market

Take to n run is my motto ain't a sitting duck matey

Spreadbetter

Jan 31, 2013 2:56pm

Gotta say on the scale of 1-100 for messed up thinking you're at least 1,000.

Quoting BenMario

Disliked

Look at the chart son.. erased yesterdays. 100 pips and still going south hard. Whats ur fundamental has to say about it now.

Btw, if you are trading with capital of $1000 usd, you really think the whole world is trading nothing more than you ? Think harder then. Good day.

Ignored

Loadedgun

Jan 31, 2013 3:36pm — Edited

Quoting Guest

Disliked

what is the different between trading 1 min or 5 min or 15 min or even yearly chart? isn't timeframe is a filter just your sma or ema? or am i wrong?

p/s: damn BenMario..you made me used google to search what is anunaki

Ignored

What a laugh - the difference is that sentiment is not firm (read fractal structures are not stable) in short spaces of time (because obviously we have near random flows within such time bands) and that means you are really, really gambling at m1, m5 etc unless you have a machine which obviously the retail sort have no money to buy or run. A lot of the comments above btw (including from some people I have known some time here) really make me laugh - just because we do not show live trades does not mean we should lie to others - folks here are smart enough to know what is possible and what is highly unlikely. Funny what folks do and say to keep the illusion of success alive when we know it takes a very special kind just to keep above water in this business.

PS: firm also = clear enough to rationally risk the kind of money claimed by some on a sustainable scale. Statistically it is not doable so newbies beware of these claimants most are as empty as the proverbial barrel - spend time to gain the edge and short-termish styles are by definition risky - so work harder and smarter to shame these jokers rather than listen to them - anyone can claim anything.

Loadedgun

Jan 31, 2013 4:00pm

Quoting Squeeze

Disliked

Well given the absolute, (not worth debating against), fact that only fundamentals and news events move the markets then yes, they do help.

For sure you'll get rejections off the 200MA, or a blast through, similarly the constants that are levels of resistance and support are incredibly useful given that's where institutions feed, but nothing replaces fundamental analysis were FX is concerned, it's everything.

Ignored

Yet I can tell you where price is headed without so much as reading a line in a year of anything fundamental or news - that you cannot get your head around that is the problem (because that was put there when you where born into trading - by all the after market in the business - trainers, financial journalists, scammers, brokers, etc). These people found a way to live off of you and got you convinced with "logic" - yet the day you break the mold you start to see the "secret " of trading and then you start working (as I am now) to really start trading.

Jan 31, 2013 6:06pm

If currency war had not been waged by Bank of Joints, still would say fundamentals + sentiments still valid and it will always be valid for me though following the price action of the trend is the better bet.

End of the day, each and every traders have their own style of trading. I have a freedom to choice of how I trade, if I lose then a lesson learnt, otherwise learning stuffs everyday. I don't force others to trade the way I trade nor dumb down everyone else - its rather silly that way really.

Anyway, Bank of Joints still have quite a bit to burn before their way to hell - even the big shots (not retail bitching here) claimed it's almost a one way ticket to paradise fall. Anyone care to term what Bank of Joint's monetary policy classed as? Fundamental, sentiment or simply price action or manipulation? LOL

If manipulation, what category does it falls under then??????? Care to reply anyone.

If there is no manipulation but just pure market price action why are the fking news all over the world discussing about Bank of Joints policy against Korean's? Come on I have enough of some crap we have here sometime. Rather then helping one another, it's simply bitching that "I'm better than anyone of you stupid twats attitude". That goes to you 1.36kiddo mima and the buddy traders in the likes of you.

Jan 31, 2013 6:27pm

Quoting BenMario

Disliked

This. Noobs stay away from this technique. Its not for everyone but then theres no harm to try something new.

Ignored

LOL - I was more polite earlier but since you mention it buddy. Yes its not for noobs!!!

My theory is quite simple, patience and trade on the RS lines on my chart. Trade 10-20pips at each R or S line with 20x is doable - for me far better than sitting on my butt whole day.

Just closed a 15pips short 16x on a breakout at my R .36154 which I've set earlier coz I ain't buying at the moment. Is there anything wrong with that for those who have queries? Anyway ain't bother with critics......, going to bed now

Have a good day matey, we have loads of crazy retail traders here, including myself!!!!!

Feb 1, 2013 5:19am

Quoting Guest

Disliked

Hi guys!

this is my first post to FF, hope you all welcome me in special way ....

Totally agreed jonahky7..... taking profit at 10 pips is much less than the risk... or Put 10pips SL, which is nonesense at all, i never took profit less than 300 pips.

Ignored

Hey buddy, register on ff and we can dicuss

in the forum

As I mention, my method may not be suitable for others as the risk are higher coz the lot is bigger. 20pips at 16x for me is £2K profit or loss so there are risk associated with it. The way I minimise it is to trade at the MAJOR RS (resistance/support) lines ONLY if I'm trading big lots - take TP when possible and run. If I trend, I trend with smaller lots 1-2 lots with 30pips SL max.

Ultimately there is risk in forex and you have to be very careful. Hope my 2cts advice helps.

Plus don't follow blindly with traders here in this forum is what I can say. Coz I do get my SL taken out too - though I try to minimise it as much as possible. Don't hang on to a losing trade for too long - otherwise risk losing more

cecchino

Jan 30, 2013 1:25pm

This mean that for now the USD is a toilet paper

Jan 31, 2013 10:22am

Quoting Squeeze

Disliked

LOL...

Ignored

Yea LOL big time. Ur still sitting on ur long with negatives ? Sit on it till 2030. Its ok. Fundamentals gonna help you good sir.

alexrazon

Feb 1, 2013 4:40am

Quoting donny 1986

Disliked

clue today unmployment . mix market

Ignored

hello donna..

str8bullish

Jan 30, 2013 3:55pm

Quoting Fx Hiflyer

Disliked

the same policy stance does not mean that gold will go up

Ignored

Oh yes... it does... Stop trading 15 minutes charts and look at the long term picture

Fahad.pk91

Jan 30, 2013 1:32pm

Should Buy Or Sale Gold ?

Rashid langa

Jan 30, 2013 1:31pm

ZZZZZZZZZZzzzzzzzZZZZZZZ........Sleep time LOL....

RavBRD

Jan 30, 2013 1:32pm

Enjoy EU Longs... Cheers

Jan 30, 2013 1:41pm

buy buy buy silver

Jan 30, 2013 1:25pm

The weather....very funny. One storm won't sway were the USA's economy was headed.

mikemay777

Jan 30, 2013 1:54pm

Evryone missed the fact the the Fed sent $1.3 trillion to the EU last year? Do your research. Near term possible a little higher on EU but longer term it will sink.

Jan 30, 2013 1:27pm

Typical weather blaming FED lol. What's new??

skyboys007

Jan 30, 2013 1:28pm

Quoting jonahky7

Disliked

Typical weather blaming FED lol. What's new??

Ignored

Jona nothing new.So its time to sleep for me now?I am from Bangladesh.Its midnight here.From where u r ?Good night.

Jan 30, 2013 1:29pm

Sell gold

Jan 30, 2013 1:58pm

Any thing about copper

Montasar

Jan 30, 2013 3:03pm

no comment ... i'll just ignore the fundamental and trade technical ...

burhanahmad

Jan 30, 2013 3:32pm

gold will down after unemployment claims .....
after FOMC statement it is clear that the market will go down specially gold and silver

Trader#EB14

Jan 30, 2013 4:39pm

what is the different between trading 1 min or 5 min or 15 min or even yearly chart? isn't timeframe is a filter just your sma or ema? or am i wrong?

p/s: damn BenMario..you made me used google to search what is anunaki

donny 1986

Jan 30, 2013 5:28pm

clue today unmployment . mix market

Jan 31, 2013 2:43am

Cool SP500 keeping lid down at 1497.8, 4 attempts down n no shit

mima

Jan 31, 2013 8:15am — Edited

Quoting jonahky7

Disliked

....down n no shit

Ignored

Is this English Language in United Kingdom? Spell Checker would be helpfull if you can figure out how to use it.

Trader#B44A

Jan 31, 2013 10:48am

Quoting jonahky7

Disliked

It's far better to trade 20-50x for 10pips then to wait hours n days for 200pips, assuming 1lot.

FOrex is all about risk management - ignore the rest of traders yacking buddy if they can't see n trade the way you do. FYI I trade that style too though risky at time

Ignored

Hi guys!

this is my first post to FF, hope you all welcome me in special way

....

Totally agreed jonahky7..... taking profit at 10 pips is much less than the risk... or Put 10pips SL, which is nonesense at all, i never took profit less than 300 pips.

mima

Jan 31, 2013 5:51pm

1.36 FINALLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Jan 31, 2013 5:57pm

Yes 1.36 kiddo after your 1 year++ senseless rotating monitor trading skills! Question is - did you long or are you submerged in a big yellow submarine senorita shorting while shouting the opposite??

Alex2222

Feb 27, 2013 8:13am

http://pcmbrokers.org/pcmfileupload/...1972868531.gif

Trader#E18F

Jan 30, 2013 1:22pm

Caused by weather......very funny!!!
The entire country was not affected by one eastern storm.

Trader#6289

Jan 30, 2013 1:23pm

gold up

Trader#7727

Jan 30, 2013 1:29pm

what do we do guyz

Trader#EE67

Jan 30, 2013 1:36pm

Why gold going down , it should be up

Trader#D909

Jan 30, 2013 1:36pm

Analyst , CNBC, and Bloomberg has articles indicating economic improvement. Feds opinion is opposite. Is it getting better or not? who knows.

Trader#569B

Jan 30, 2013 1:41pm

Quoting Guest

Disliked

Why gold going down , it should be up

Ignored

Down now to cut buy and then she will go up

Trader#DB4E

Jan 30, 2013 1:49pm

If inflation is a issue than we should strongly buy gold

Trader#4DDF

Jan 30, 2013 1:52pm

Quoting Fx Hiflyer

Disliked

why buy??

Ignored

why not buy?

Trader#E834

Jan 30, 2013 2:24pm

Loadedgun, thanks for sharing your views - you was spot on - retrace to 1.3 and move 1.35.

Thanks Jol

Trader#3A8C

Jan 31, 2013 12:16am

Uncle Ben is going back to Israel and becomes the president, there.

Trader#C104

Jan 31, 2013 1:22am

hey jonah plz tell uss about today euro... bull or bear..

Trader#4A83

Jan 31, 2013 2:30am

Sounds like if they keep going the Fed will soon own the national debt and all our mortgages. They should work on student loans next so they have our children too.

Trader#FD06

Jan 31, 2013 5:27am

Fundamental: Dax and Futsee are struggling with the rising Euro currencies.
Watch for developing sentiment change

Trader#5629

Jan 31, 2013 8:03am