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  • #40,921
  • Mar 29, 2013 10:17pm Mar 29, 2013 10:17pm
Quoting TraderPablo
great..anything we can get an advantage helps in this business
Now all we need is that all seeing all knowing crystal ball...
Trade smaller than rational because the market is irrational...
  • #40,922
  • Mar 29, 2013 10:22pm Mar 29, 2013 10:22pm
EW is better on futures
not Spot

Quoting stevewalker
as soon as FX has one data center & fix RO time like futures & stocks
EW will not be very effective on FX as effective as on futures & stocks

referance points differs from data feed to data feed.
  • #40,923
  • Mar 29, 2013 10:25pm Mar 29, 2013 10:25pm
Quoting Mr. Scott
That charts says .8965 but ok.
the charts does not say anything about the future price. It only tells what happened in the past.
  • #40,924
  • Mar 29, 2013 11:10pm Mar 29, 2013 11:10pm
Quoting mry2001
the charts does not say anything about the future price. It only tells what happened in the past.
If that is true, then we are all wasting our time.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #40,925
  • Mar 30, 2013 6:04am Mar 30, 2013 6:04am
My April mood is gonna be much bullish, last nights late night analysis said :

D1: final selling occurred; that big gap down might be also sign for it; Thu session ended in the middle of Wed bar, and Fri continued climbing up. I'm expecting gap up when the MK opens. A good black bar should confirm further movement up.

W1: I'm no expert with EW, but if you ask me :
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDeurWeekly.png Size: 97 KB


Saw some signs of bullish movement earlier (Thu night (that should be during US session for me)) on M30, H1, H4 which made me stare at D1, W1, MN list night for long time

Disclaimer : I'm newbie so don't count on what I saw on my chart's and look at yours before you hop in the MK.
Mind you, my first name is Bad. ..."Nunc Id Vides, Nunc Ne Vides"...
  • #40,926
  • Mar 30, 2013 6:20am Mar 30, 2013 6:20am

well come
Quoting sypherBG
My April mood is gonna be much bullish, last nights late night analysis said :

D1: final selling occurred; that big gap down might be also sign for it; Thu session ended in the middle of Wed bar, and Fri continued climbing up. I'm expecting gap up when the MK opens. A good black bar should confirm further movement up.

W1: I'm no expert with EW, but if you ask me :
Attachment

Saw some signs of bullish movement earlier (Thu night (that should be during US session for me)) on M30, H1, H4 which made me stare at D1, W1, MN list...
  • #40,927
  • Mar 30, 2013 6:23am Mar 30, 2013 6:23am
lets think that way.
since € released its > 0.9
if we round it
since € released its >= 1.0

means, it almost 13 years since € released EU zone sufferring with stronger €.
we may be prepare ourselves for trading <= 1.0 € for sometimes
  • #40,928
  • Mar 30, 2013 6:32am Mar 30, 2013 6:32am
Quoting stevewalker
EW is better on futures
not Spot
The closest is probably a combination of charts and certain reports
  • #40,929
  • Mar 30, 2013 6:35am Mar 30, 2013 6:35am
Quoting EuroTraderJD
Now all we need is that all seeing all knowing crystal ball...
A good charting strategy and certain report combo may help "seeing"
  • #40,930
  • Mar 30, 2013 6:37am Mar 30, 2013 6:37am
yes
Quoting TraderPablo
The closest is probably a combination of charts and certain reports
  • #40,931
  • Mar 30, 2013 6:37am Mar 30, 2013 6:37am
North Korea
  • #40,932
  • Mar 30, 2013 6:52am Mar 30, 2013 6:52am
Quoting stevewalker
North Korea
Probably more mouth jabber than action....that dude would get crunched. .
  • #40,933
  • Mar 30, 2013 6:56am Mar 30, 2013 6:56am
So this was their plan all along.

Some reading : http://theeconomiccollapseblog.com/a...e-global-elite

October 2008 – Argentina’s leftist government, facing a gigantic revenue shortfall, proposes to nationalize all private pensions so as to meet national debt payments and avoid its second default in the decade.

November 2010 – Headline – Hungary Gives Its Citizens an Ultimatum: Move Your Private Pension Fund Assets to the State or Permanently Lose Your Pension – This is an effective nationalization of all pensions.

November 2010 – Ireland elects to appropriate ten billion euros from its National Pension Reserve Fund to help fund an eighty-five billion euro rescue package for its besieged banks. Ireland also moves to consider a regulatory move that compels some private Irish pension funds to hold more Irish government debt, thereby providing the state with a captive investor base but hugely raising the risk for savers.

December 2010 – France agrees to transfer twenty billion euros worth of assets belonging to its Fonds de Reserve pour les Retraites (FRR), the funded portion of its retirement system, to help pay off recurring social benefits costs. No pensioners are consulted.

April 2012 – Argentina announces that its Economy Ministry has taken an emergency loan from the national pension fund in the amount of $4.3 billion. No pensioners were consulted.

June 2012 – Treasury Secretary Timothy Geithner unilaterally appropriates $45 billion from US federal pension funds to help tide over US deficits for the remainder of fiscal year 2011.

January 2013 – Treasury Secretary Geithner again announces that the government has begun borrowing from the federal employees pension fund to keep operating without passing the approaching “fiscal cliff” debt limit. The move effectively creates $156 billion in borrowing authority from federal pension funds.

March 2013 – Open Bank Resolution finance minister, Bill English, is proposing a Cyprus style solution for potential New Zealand bank failures. The reserve bank is in the final stages of establishing a rescue scheme which will put all bank depositors on the hook for bailing out their banks. Depositors will overnight have their savings shaved by the amount needed to keep distressed banks afloat.

Some quotes from other articles :

It is right there in black and white on pages 144 and 145 of "Economic Action Plan 2013" which the Harper government has already submitted to the House of Commons. This new budget actually proposes "to implement a 'bail-in' regime for systemically important banks" in Canada. "Economic Action Plan 2013" was submitted on March 21st, which means that this "bail-in regime" was likely being planned long before the crisis in Cyprus ever erupted.

----

In fact, some European politicians are openly admitting as much. According to RT, the European Parliament will soon be voting on a new law which will make Cyprus-style bank account confiscation a permanent part of the solution when major banks fail throughout the EU...

A senior lawmaker told Reuters the Cyprus model may not be an isolated case, and is perhaps a future template in dealing with troubled European banks.

The new template is now likely to turn into a full-scale EU law, letting taxpayers off the hook in case a bail-out is needed, but imposing major losses on bigger savers on a permanent basis.

"You need to be able to do the bail-in as well with deposits," said Gunnar Hokmark, member of European Parliament, who is leading negotiations with EU countries to finalize a law for winding up problem banks, Reuters reported.

"Deposits below 100,000 euros are protected ... deposits above 100,000 euros are not protected and shall be treated as part of the capital that can be bailed in," Hokmark told Reuters, adding that he was confident a majority of his peers in the parliament backed the idea.

The European Commission has written the draft of the law, which now awaits approval from eurozone member states and the parliament on whether and when it can be implemented. It's been reported, the law is planned to take effect in the beginning of 2015.

And finally a screenshot of one small IT companys' bank account in Laiki Bank.
Attached Image (click to enlarge)
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  • #40,934
  • Mar 30, 2013 7:03am Mar 30, 2013 7:03am
Quoting TraderPablo
Probably more mouth jabber than action....that dude would get crunched. .
I think it is just another case of media-terror on people like the "Al-Qaeda" and "weapons of mass-destruction" to win them over to their way of thinking.
  • #40,935
  • Mar 30, 2013 7:12am Mar 30, 2013 7:12am
Quoting Mr. Scott
If that is true, then we are all wasting our time.
80% of time, you are. lol

You will be making money if you know which direction the market is going. That is all you need to know.
  • #40,936
  • Mar 30, 2013 9:33am Mar 30, 2013 9:33am
Quoting mok1one
I sure hope it's not a fakeout.

15min chart
Mok, I have a question about Fib channel set points, please. How do you manage them when they have move too far to the left in MT4 to see them?
  • #40,937
  • Mar 30, 2013 9:47am Mar 30, 2013 9:47am
Quoting infinitus
from the FED itself: a study about HS-pattern


must read - will change your world


http://www.forexfactory.com/attachme...hmentid=927463
Would you summarize the report please?
  • #40,938
  • Mar 30, 2013 10:17am Mar 30, 2013 10:17am
Quoting rehorst
Mok, I have a question about Fib channel set points, please. How do you manage them when they have move too far to the left in MT4 to see them?
Do you mean the set points are far too left or channels itself?

For setpoints i just scroll back or zoom out.
For channels themselves - fib channels can be drawn pretty much from every high-low point. But this Q is really hard for me to answer. Can't put my mindset into words right now.
I just take 2 highs/lows and usually the high/low between them is built up with multiple waves. I anchor the 2nd line with the LH/HL and the 3rd line is usually the Low/High between the 1st line anchor points.

A quick exampe I managed to draw.

Hope I managed to answer your question. If not then I misunderstood the Q i think.
Attached Image (click to enlarge)
Click to Enlarge Name: exp.jpg Size: 113 KB
  • #40,939
  • Mar 30, 2013 5:49pm Mar 30, 2013 5:49pm
Thanks, Mok!

A follow up question, please. Price has been coming down for so long (since Feb 1) that the Fib channels on lower time frames seems unusable. How do you adjust for that?

Quoting mok1one
Do you mean the set points are far too left or channels itself? For setpoints i just scroll back or zoom out. For channels themselves - fib channels can be drawn pretty much from every high-low point. But this Q is really hard for me to answer. Can't put my mindset into words right now. I just take 2 highs/lows and usually the high/low between them is built up with multiple waves. I anchor the 2nd line with the LH/HL and the 3rd line is usually the Low/High between the 1st line anchor points. A quick exampe I managed to draw. Hope I managed to answer...
  • #40,940
  • Mar 30, 2013 6:33pm Mar 30, 2013 6:33pm
that company gone.
they actually steal money


Quoting mok1one
So this was their plan all along. Some reading : http://theeconomiccollapseblog.com/a...e-global-elite October 2008 – Argentina’s leftist government, facing a gigantic revenue shortfall, proposes to nationalize all private pensions so as to meet national debt payments and avoid its second default in the decade. November 2010 – Headline – Hungary Gives Its Citizens an Ultimatum: Move Your Private Pension Fund Assets to the State or Permanently Lose Your Pension – This is an...
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