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  • #785,041
  • Apr 9, 2013 5:20am Apr 9, 2013 5:20am
Quoting math_GB
I tought you knew it better than anyone, why do you need others' opinion
  • #785,042
  • Apr 9, 2013 5:22am Apr 9, 2013 5:22am
Quoting Tom_D_Trader
Grrrrr. Correlation between several pairs cant be considered reason. It is technical analysis. Mhm, maybe I am heading wrong way here, dont want to sidetrack to our old topic. Do the fundamentals set price, or is everything written in charts and price moves the world? It probably works both ways, but anyway my correlation program is almost finished. Once it is, mhm, dunno, I probably start working on another nonscence.
hehee, I hear you. Last few months I play indexes. Turned out to be much mooo than I expected. Does really solid signals. Sometimes is just funny. Just need to hold them pigzzz but so excited with the greeen I just wanted it in my wallet!
Done also for emerging currency shjit. Really delighted with results but as you said, Im already doing another science shjit with this indexes!
  • #785,043
  • Edited 5:44am Apr 9, 2013 5:24am | Edited 5:44am
Im going long depending on where the EUR/USD closes

If the 18 day MA is up on the close and the 9 day is still up it could be an indication of a new trend. LONG even if I dont like it.

And then also if the ADX is > 16 000 with a 14,14 settig.

its the first time since Feb that the MA turned up after it turned down on 21 feb

Its a good indication of comming trends. The GBP trend turnd up also with the same setup.

If the close today is higher on the 9 and 18 MA ill open a position on the next day on the open. So to only buy in on the convermation of the uptrend.

otherwise Ill stand aside

Any opinions that differ ?

### Addition

Also I use the DAYLY bar charts so that I can look at the overall trend and not just the hour to hour or less.
This is for a longer period trade, and not suited for 20 pip trades with this your TP target should be about 100 - 300 pips
Attached Image (click to enlarge)
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  • #785,044
  • Apr 9, 2013 5:26am Apr 9, 2013 5:26am
Quoting Tom_D_Trader
It is technical analysis. Mhm, maybe I am heading wrong way here, dont want to sidetrack to our old topic. Do the fundamentals set price, or is everything written in charts and price moves the world? It probably works both ways, but anyway my correlation program is almost finished. Once it is, mhm, dunno, I probably start working on another nonscence.
In my opinion, fundamentals definitely influence valuations in the long term (weekly-monthly scale) - and that involves change of real positions by hedge funds and market makers.
It does not happen on any news release, those only create speculative opportunities. Technical levels govern short-term price action (daily and below)

But most importantly, any trend will continue its, so to say, trending until PA forces change it. No news releases have that capability. With the exception of nuclear war or sudden arrival of imaginary religious characters
"Luxury is one of the basic needs", (c), Don Corleone
  • #785,045
  • Apr 9, 2013 5:27am Apr 9, 2013 5:27am
Quoting 21vs7
hehee, I hear you. Last few months I play indexes. Turned out to be much mooo than I expected. Does really solid signals. Sometimes is just funny. Just need to hold them pigzzz but so excited with the greeen I just wanted it in my wallet! Done also for emerging currency shjit. Really delighted with results but as you said, Im already doing another science shjit with this indexes!
and plus...only technical issue and analysis. All other is a bullshit. I guess when makers in their cartels decide to own a currency they do it on the board of course. And they do it before the news or fundament. Price is a promt spot attribute and not some MR.Doctor of Economy analysis from an ex DEUTFF environment. All bullshit!
As we go into, we see that EVERY FOOKING COUNTRY ON THE WORLD almost have a really serious situation and they are all foooked.. So no mambo jambo for me..only pay attention on timing of big news...i dont even care whats the result.

Tech drives, fundies cant keep up the shjiit.
  • #785,046
  • Apr 9, 2013 5:27am Apr 9, 2013 5:27am
Quoting Cornelis
Im going long depending on where the EUR/USD closes If the 18 day MA is up on the close and the 9 day is still up it could be an indication of a new trend. LONG even if I dont like it. And then also if the ADX is > 16 000 with a 14,14 settig. its the first time since Feb that the MA turned up after it turned down on 21 feb Its a good indication of comming trends. The GBP trend turnd up also with the same setup. If the close today is higher on the 9 and 18 MA ill open a position on the next day on the open. So to only buy in on the convermation of...
Cornelis,

This is truly a great way of looking at this. We are on the same page I will be watching the London close and make my decision. If what I see is true, we will be reaching some very important levels in a short period of time. I will PM you later today... Well done...
  • #785,047
  • Apr 9, 2013 5:30am Apr 9, 2013 5:30am
Quoting kbp
title misleading, newbies (me) are usually trying to find some info during London session about EU, most people click expecting EU info
Not only there is trash in this thread, but it is lightning speed moving trash. Yes, there are diamonds hiding in here, but you need to look very hard, dive deep in sh1t and know exactly what are you looking for to find them.
"I know one thing, that I know nothing." Sokrates
  • #785,048
  • Apr 9, 2013 5:33am Apr 9, 2013 5:33am
Quoting math_GB
OK, I want to give a real answer to you for the first time. 1.2850 and 1.3285 both are very possible this week... This is what I have...
thanks.. i hope you get green pips more this week
  • #785,049
  • Apr 9, 2013 5:35am Apr 9, 2013 5:35am
Quoting Freshpips
Hello Ken, yeah you may be right. But In all honesty, I try and stick to the shorter term trades due to still working on my abilty to project forward on the overall bigger pitcure. Plus, I really dont have any specific bias for next 1,2,5 hours, days, week etc. Therefore I am left with trying to steal some pips where I can. When I look at the monthly I can easily see this reaching high 131.xx's/132.00 based on the 50% fibo retracement from the bearish move dropping from the highs of 170. However there is too much going on at the moment both...
Yes, you are right about E/J for today. I only took one fresh E/J long then closed it for few pips as I feel today is a bit of mixed Risk-off day. Will wait for London close then decide later for E/J.

Don't have the skill to scalp so the other ways have to work looking at Daily/Weekly/Monthly support or resistance will usually can be a runner for at least few days for +++100 pips. Try larger TF such as Daily might help.
  • #785,050
  • Apr 9, 2013 5:35am Apr 9, 2013 5:35am
Can't make sense of PA at the moment...sitting on my hands.
  • #785,051
  • Apr 9, 2013 5:36am Apr 9, 2013 5:36am
Quoting Qatari man
thanks.. i hope you get green pips more this week
cute cute
If there was easy money lying around,no one would be forcing it into your
  • #785,052
  • Apr 9, 2013 5:39am Apr 9, 2013 5:39am
Quoting Firstboss
In my opinion, fundamentals definitely influence valuations in the long term (weekly-monthly scale) - and that involves change of real positions by hedge funds and market makers. It does not happen on any news release, those only create speculative opportunities. Technical levels govern short-term price action (daily and below) But most importantly, any trend will continue its, so to say, trending until PA forces change it. No news releases have that capability. With the exception of nuclear war or sudden arrival of imaginary religious characters...
People opinions on euro change depending on the price that its quoting. I mean they don't change, but the behaviour does. For example Japanese bonds, yielding some miniscule %. Everyone knows its super risky yet they keep buying them. Or buying yen as safe heaven, things like that. Fundamentaly its wrong, but people still go for it.
"You're solid gold, see you in hell"
  • #785,053
  • Apr 9, 2013 5:41am Apr 9, 2013 5:41am
Quoting Ken A
Please don't get mad at me I am slow and not smart
I can never be mad at you my friend. I like you .

Besides, I am very peacefull guy. Noone behaves worse than EUR/USD. Trading will teach you to tolerate almost anything .
"I know one thing, that I know nothing." Sokrates
  • #785,054
  • Apr 9, 2013 5:43am Apr 9, 2013 5:43am
die with piece USD

http://www4.0zz0.com/2013/04/09/10/636955622.png
  • #785,055
  • Apr 9, 2013 5:44am Apr 9, 2013 5:44am
Quoting Ken A
Please don't get mad at me I am slow and not smart
Somehow your post reminded me of this pic:
Attached Image
  • #785,056
  • Apr 9, 2013 5:45am Apr 9, 2013 5:45am
Quoting hadox
trying a short dax at 7705 , aiming for 7590...
will look for a partial at 7638...
Patience is a virtue...
  • #785,057
  • Apr 9, 2013 5:46am Apr 9, 2013 5:46am
Quoting math_GB
Believe it or not, I reacted the same way you did some time ago here on this thread. I wished I weren't so stubborn, missed so many decent trade opportunities. Thanks to Ken A, I tried a few other pairs and am truly happy about it. I suggest - if I may - try to enlarge your trading horizon. Focusing only EU may damage your mental health We lost Steve Walker just because he insisted trading EU only PS: Don't be mad Steve, I know you are following and will come back, I am only teasing you a little.
That's so true mate... expand the horizons. In January I sat with a trader who finally explained the cross-currencies - especially the YEN pairs. And it was such a revelation to see it in action. For eg. if I was biased long EU sometimes, EJ would move 60 pips more in the same direction for an equivalent EU move of 15 pips.

As a result, we can all still be EU centric - but by mixing in all the different cross-currencies, newbies should be at least able to get a feel for what expert traders do - which is to try and look at all influencing factors.

My 2 pence.
A pip is only worth it if you know how much you risked to earn it
  • #785,058
  • Apr 9, 2013 5:49am Apr 9, 2013 5:49am

Why do Forex Traders Lose Money ?

Reasons Why Forex Traders Lose Money

http://forextrading.about.com/od/for...lose_money.htm
  • #785,059
  • Apr 9, 2013 5:51am Apr 9, 2013 5:51am
See? Ligtning speed trash

Btw, I really like you Ken, :-*

Cant believe how usefull this site is.
"I know one thing, that I know nothing." Sokrates
  • #785,060
  • Apr 9, 2013 5:51am Apr 9, 2013 5:51am
Quoting Qatari man
Why do Forex Traders Lose Money ? Reasons Why Forex Traders Lose Money http://forextrading.about.com/od/for...lose_money.htm
Wow! Thank you ya sweety
If there was easy money lying around,no one would be forcing it into your
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