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  • #793,561
  • May 1, 2013 10:47pm May 1, 2013 10:47pm
Quoting Cornelis
If Aus and NZD go down does Eur go up ?
both aususd and nzdusd are correlated to follow the same direction of the eurusd because of the strength of the usd dollar but not so much the other way round ie the eurusd to follow aus or nzd
As the lights go by so too do the shadows move
  • #793,562
  • May 1, 2013 10:48pm May 1, 2013 10:48pm
Quoting namitak007
{quote} Those two mostly dependent on Chinese data. I didn't seen any correlation with EU. It may be there and I may be a dumb but for me "no". If fact I can see nice inverse relation in EU and USD/CHF. At every rise UC is dropping! I have added short on EU and Long on UC. Let's see if this can turn into some pips!
I almost always trade EUR USD and USD CHF together, its like the mirror EUR stares into
  • #793,563
  • May 1, 2013 10:53pm May 1, 2013 10:53pm
Back in november I remember a chart my broker sent me it was beteen EUR/USD and NZD/USD dont know if it was a one time thing and at that point I was only trading week or so so didn't meen anything to me. But I remember he noted that the two charts lined up almost perfectly. It obviously has no corospondence with today, I just rememberd it now and its kinda intresting.
  • #793,564
  • May 1, 2013 10:55pm May 1, 2013 10:55pm
Quoting Cornelis
{quote} I almost always trade EUR USD and USD CHF together, its like the mirror EUR stares into
Cornelis, may i ask you what is your idea to trade that mirror ?
You trade divergence while almost all the time it has the same direction ?

Thanks.
  • #793,565
  • May 1, 2013 10:56pm May 1, 2013 10:56pm
I still believe EURUSD will fall for retracement or to make n other short trend
just made SNR on daily, h4 and trade took position on h1 time frame after conformation on 15 min.

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  • #793,566
  • May 1, 2013 11:04pm May 1, 2013 11:04pm
Quoting Cornelis
Back in november I remember a chart my broker sent me it was beteen EUR/USD and NZD/USD dont know if it was a one time thing and at that point I was only trading week or so so didn't meen anything to me. But I remember he noted that the two charts lined up almost perfectly. It obviously has no corospondence with today, I just rememberd it now and its kinda intresting.
Thats correct the currencies are paired- one reacts to another so if the usd has some good news and the usd currency goes up all the pairs with the symbol "usd" infront of it will go up eg. usdchf, however all the currencies with "usd" second will go down eg. eurusd. The usd is the strongest market so will move the price action the most. The eurusd has the most trading volume so it is the benchmark of where the market is at.
As the lights go by so too do the shadows move
  • #793,567
  • May 1, 2013 11:10pm May 1, 2013 11:10pm
Quoting fx_forever
{quote} Cornelis, may i ask you what is your idea to trade that mirror ? You trade divergence while almost all the time it has the same direction ? Thanks.
I Use 9 and 18 day MA note that when the EUR/USD both MA's move up the same time USD/CHF MA's move down and vice vers every time
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  • #793,568
  • May 1, 2013 11:10pm May 1, 2013 11:10pm
Quoting awaisfx
I still believe EURUSD will fall for retracement or to make n other short trend just made SNR on daily, h4 and trade took position on h1 time frame after conformation on 15 min. {image}

i am lost for words, it looks like you have chased pa, that plan is recipe for disarster

you have on you chart an expanding triangle, and have sold from the lows to the highs, if she pops up out the pattern your trades will be destroyed, you have traded against your own tl,s no sl, man I would be embarassed to post it

yep she could fall, and yep your trades could come good, and yup you will be a gazillionaire, but also yep, you are going to blow your account before long

you trade plan sucks, and needs maybe reassessing
If you are new to Forex? Say Goodbye to your account!!
  • #793,569
  • May 1, 2013 11:19pm May 1, 2013 11:19pm
What indicators do any of you guys like using to assist with price action decisions when trading?
Any help appreciated, i'm fairly new to trading forex, and trying price action alone, is often hit and miss.
  • #793,570
  • May 1, 2013 11:24pm May 1, 2013 11:24pm
Quoting Cornelis
{quote} I Use 9 and 18 day MA note that when the EUR/USD both MA's move up the same time USD/CHF MA's move down and vice vers every time {image}
Thanks for sharing.

I use breakout after price ranging in small pips (only on one pair). This is almost equivalent to a moving average with null slope for an amount of time or two moving averages wrapping each other horizontally and then... break.
  • #793,571
  • May 1, 2013 11:31pm May 1, 2013 11:31pm
Quoting KiwiTrada
{quote} i am lost for words, it looks like you have chased pa, that plan is recipe for disarster you have on you chart an expanding triangle, and have sold from the lows to the highs, if she pops up out the pattern your trades will be destroyed, you have traded against your own tl,s no sl, man I would be embarassed to post it yep she could fall, and yep your trades could come good, and yup you will be a gazillionaire, but also yep, you are going to blow your account before long you trade plan sucks, and needs maybe reassessing

you may be right or may be wrong lets see.. any way i traded with increasing lot size and i knew when my account would going to blow up. finger cross and waiting to recover my minus pips
  • #793,572
  • May 1, 2013 11:35pm May 1, 2013 11:35pm
Long 1.3152 for 3280's, risking 3146
Ups.. entry was at 3157...
Long NZD too..
69
  • #793,573
  • May 1, 2013 11:36pm May 1, 2013 11:36pm
Quoting KiwiTrada
{quote} i am lost for words, it looks like you have chased pa, that plan is recipe for disarster you have on you chart an expanding triangle, and have sold from the lows to the highs, if she pops up out the pattern your trades will be destroyed, you have traded against your own tl,s no sl, man I would be embarassed to post it yep she could fall, and yep your trades could come good, and yup you will be a gazillionaire, but also yep, you are going to blow your account before long you trade plan sucks, and needs maybe reassessing
my 3 year old put a waring sign on my trading table today
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Mohan
  • #793,574
  • May 1, 2013 11:38pm May 1, 2013 11:38pm
Hi All,

Allow me to ask a newbie question..
May I know what is the meaning of Option expiries?

Thanks in advance.
  • #793,575
  • May 1, 2013 11:38pm May 1, 2013 11:38pm
Quoting mohan76
{quote} my 3 year old put a waring sign on my trading table today {image}
FF takes half of your trading station
69
  • #793,576
  • May 1, 2013 11:44pm May 1, 2013 11:44pm
Quoting Likerty
{quote} FF takes half of your trading station
1 screen for trading 1 for chart , i have removed orthers , ff sharing charting screen
Mohan
  • #793,577
  • May 1, 2013 11:46pm May 1, 2013 11:46pm
Quoting 2012mysterio
What indicators do any of you guys like using to assist with price action decisions when trading? Any help appreciated, i'm fairly new to trading forex, and trying price action alone, is often hit and miss.
for some things i use the ichimoku system and for some i use moving averages and RSI. otherwise i just try to follow the price action....and i stress try.
  • #793,578
  • May 1, 2013 11:54pm May 1, 2013 11:54pm
Quoting mohan76
{quote} my 3 year old put a waring sign on my trading table today {image}
soo cute

I plan to teach my kids trading at very young age iA
been there done that, Good Bye
  • #793,579
  • May 1, 2013 11:54pm May 1, 2013 11:54pm
Thanks gimme3, I use 8 and 21 day ema's (but as most indi's- they lag..) I also look at Stoch mom index, but lags as well..rsi helps a little, but trying to better learn raw price action.. I have not learned Ichi at all..

Mysterio
  • #793,580
  • May 2, 2013 12:03am May 2, 2013 12:03am
Quoting 2012mysterio
Thanks gimme3, I use 8 and 21 day ema's (but as most indi's- they lag..) I also look at Stoch mom index, but lags as well..rsi helps a little, but trying to better learn raw price action.. I have not learned Ichi at all.. Mysterio
All systems lag, your going into risk area when you try to predict, yes laging means you miss the first few pips but what is that compared to buying into a confirmed trend with less risk ? Its best to buy after trend is confirmed and you dont lose if you buy in this way, take a look at fibs and retracements that should be more what your looking for from what I hear
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