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  • #771,021
  • Mar 13, 2013 10:23am Mar 13, 2013 10:23am
Quoting halkins
Everything is getting back to normal now...
Given how much central banks are still intervening I wouldn't hold my breath...not yet at least

But yeah, for once correlation actually worked again.
  • #771,022
  • Mar 13, 2013 10:24am Mar 13, 2013 10:24am
Quoting Testit
I cannot see the point in even analysing it for the sakes of intraday or even medium-term trading. It's but a number!
The point is EURUSD is in a range market nearly 70-80% of the time...
Only 20% is trend trading, mostly AFTER THE NEWS...
So if you're targeting in 10-15pip profit it's ok.
If you however want targets 50+, 100+ you MUST NOT ignore fundamental facts.
I don't like fundamental analysis, but that's the way it works, and we cannot do anything about it.
Read Charts - Not Papers
  • #771,023
  • Mar 13, 2013 10:31am Mar 13, 2013 10:31am
Quoting 4exNinja
Agreed...we do have quite a few long term traders in this thread though. Personally I don't pay all that much attention to fundamental news aside for my full time job. Charts are enough

Was just curious as it's conveniently positive while it really isn't if you bother to see through their bull****. The one figure I care about is the Baltic Dry Index...
Out of interest mate, what's your line of work? I must have missed it on earlier posts..

It all seems suspiciously convenient most of the time.. I do wonder if its the news following the technicals?? A bit like media and politics.. The BDI is a good direct show of trade and economic health.
Don't over egg the cake.
  • #771,024
  • Mar 13, 2013 10:36am Mar 13, 2013 10:36am
Quoting Testit
Out of interest mate, what's your line of work? I must have missed it on earlier posts..

It all seems suspiciously convenient most of the time.. I do wonder if its the news following the technicals?? A bit like media and politics.. The BDI is a good direct show of trade and economic health.
I sell hotels for a living. As for the BDI, it's slightly skewed as there is more supply in transport ships compared to pre-crisis levels. A lot of ships started being built around the crisis hit, and quite a few of those have only come online last year. Still a good measure of overall economic health.
  • #771,025
  • Edited 10:43am Mar 13, 2013 10:42am | Edited 10:43am
Quoting 4exNinja
I sell hotels for a living. As for the BDI, it's slightly skewed as there is more supply in transport ships compared to pre-crisis levels. A lot of ships started being built around the crisis hit, and quite a few of those have only come online last year. Still a good measure of overall economic health.
Aaahhhh now you sound sexy Swiss boy

You must be making some scene at coctail parties...
  • #771,026
  • Mar 13, 2013 10:44am Mar 13, 2013 10:44am
Quoting halkins
The point is EURUSD is in a range market nearly 70-80% of the time...
Only 20% is trend trading, mostly AFTER THE NEWS...
So if you're targeting in 10-15pip profit it's ok.
If you however want targets 50+, 100+ you MUST NOT ignore fundamental facts.
I don't like fundamental analysis, but that's the way it works, and we cannot do anything about it.
*nods
I am with you on that. the news as a whole to me. and retailers will always be a few steps too late.

edit:
Quoting halkins
...
But seriously what I have noticed is that for the first time in last 3, 4 years EURUSD is finally "positively correlated"....
  • #771,027
  • Mar 13, 2013 10:46am Mar 13, 2013 10:46am
Quoting 4exNinja
I sell hotels for a living.
Hotel management business?
Not all sins are created equal
  • #771,028
  • Mar 13, 2013 10:51am Mar 13, 2013 10:51am
good night everyone
  • #771,029
  • Mar 13, 2013 10:53am Mar 13, 2013 10:53am
Quoting halkins
The point is EURUSD is in a range market nearly 70-80% of the time...
Only 20% is trend trading, mostly AFTER THE NEWS...
So if you're targeting in 10-15pip profit it's ok.
If you however want targets 50+, 100+ you MUST NOT ignore fundamental facts.
I don't like fundamental analysis, but that's the way it works, and we cannot do anything about it.
i do agree with you. to target 50 pips or more you have to predict what is the news release to be. some fundamentals work to move the price beyond support n resistance.

since NFP, USD become stronger. now the market ask them to PROVE it with the following news release. but like my previous posts we still have to consider that USD currently targeting its strong resistant. once usd index almost test its resistant, it is a good entry to long EU
Everything in the world has its own rhytms
  • #771,030
  • Mar 13, 2013 10:55am Mar 13, 2013 10:55am
Quoting LeeNoa
good night everyone
night, meme
  • #771,031
  • Mar 13, 2013 10:57am Mar 13, 2013 10:57am
Quoting 4exNinja
I sell hotels for a living. As for the BDI, it's slightly skewed as there is more supply in transport ships compared to pre-crisis levels. A lot of ships started being built around the crisis hit, and quite a few of those have only come online last year. Still a good measure of overall economic health.
Nice. I weigh in dustcarts! Rubbish job (boom boom) . But it gives one ample time to hone their forex trading! Want to be full-time within 18 months if possible..

As for the BDI, there is always some sort of lag/skew by the virtue of the fact that ships future traded assets really. They're ordered on guesswork. But then that tells you a lot. They must follow those technicals, which goes back to what I was saying before.
Don't over egg the cake.
  • #771,032
  • Mar 13, 2013 10:58am Mar 13, 2013 10:58am
15min chart here you notice PA finally broke the MA's which has not been done in hours so we are going up, the question is for how long, so check other TF's for suppport
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  • #771,033
  • Mar 13, 2013 10:58am Mar 13, 2013 10:58am
Quoting math_GB
Aaahhhh now you sound sexy Swiss boy

You must be making some scene at coctail parties...
Maybe, but not always in a good way.
  • #771,034
  • Mar 13, 2013 11:00am Mar 13, 2013 11:00am
anyone in here from france?
i have a plan to go to paris at the beginning of may. must long euro then
Everything in the world has its own rhytms
  • #771,035
  • Mar 13, 2013 11:01am Mar 13, 2013 11:01am
Quoting Jay Walker
Hotel management business?
Not managing myself...I'm mostly selling hotels (or hotel portfolios) for owners, or advise various clients if they want to buy hotels (mostly PE groups). Been doing that for a bit over 3 years now. Before that I was doing hotel development feasibility studies in the Middle East, Africa, backwater Russia (bastards always sent me to the crappy places instead of St Petersburg) and the London luxury market towards the end.
  • #771,036
  • Mar 13, 2013 11:05am Mar 13, 2013 11:05am
Quoting 4exNinja
Not managing myself...I'm mostly selling hotels (or hotel portfolios) for owners, or advise various clients if they want to buy hotels (mostly PE groups). Been doing that for a bit over 3 years now. Before that I was doing hotel development feasibility studies in the Middle East, Africa, backwater Russia (bastards always sent me to the crappy places instead of St Petersburg) and the London luxury market towards the end.
may i see one of your hotel feasibility studies in middle east?
your help will be greatly appreciated
Everything in the world has its own rhytms
  • #771,037
  • Mar 13, 2013 11:07am Mar 13, 2013 11:07am
Quoting Bocephus
15min chart here you notice PA finally broke the MA's which has not been done in hours so we are going up, the question is for how long, so check other TF's for suppport
Well i waited to post chart until PA broke the MA's and it looks like that may have been it before we go back down again? Very choppy right now!
  • #771,038
  • Mar 13, 2013 11:12am Mar 13, 2013 11:12am
Quoting Bocephus
Well i waited to post chart until PA broke the MA's and it looks like that may have been it before we go back down again? Very choppy right now!
i dont care EU at the moment, as long as it close below 1.2950. if eu close above 1.2975, it will confuse myself for the next day.
Everything in the world has its own rhytms
  • #771,039
  • Mar 13, 2013 11:15am Mar 13, 2013 11:15am
Quoting COopa
may i see one of your hotel feasibility studies in middle east?
your help will be greatly appreciated
Gonna send you a PM
  • #771,040
  • Mar 13, 2013 11:19am Mar 13, 2013 11:19am
Quoting math_GB
Aaahhhh now you sound sexy Swiss boy

You must be making some scene at coctail parties...
Is everyone playing nice?
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