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  • #808,421
  • Jun 17, 2013 11:26pm Jun 17, 2013 11:26pm
Quoting godim
{quote} 5674. Already penetrated .. We expect 5625... {image}
you have really weird charts
New voice message: Why are you calling me? If I need you, I'll call you!
  • #808,422
  • Jun 17, 2013 11:28pm Jun 17, 2013 11:28pm
Quoting Pip Anon
{quote} Good point. I have seen 3 traders charts of the same pair with Fibs in different places. Whether it's correct or not is irrelevant because to each it's correct.... subjectivity?
If you read 3 different books about Fibs - all three from so-called respected and experienced traders - they all tell you to place them differently.
  • #808,423
  • Jun 17, 2013 11:28pm Jun 17, 2013 11:28pm
Quoting KillerWhale
{quote} you have really weird charts
Never got those miscellaneous lines.
When the facts change I change my mind, what do you do sir
  • #808,424
  • Jun 17, 2013 11:29pm Jun 17, 2013 11:29pm
now I start disliking the bears.
  • #808,425
  • Jun 17, 2013 11:30pm Jun 17, 2013 11:30pm
Draghi ???? only 15 pips this time? June 3rd he tore it up...... down then bouncy......
  • #808,426
  • Jun 17, 2013 11:30pm Jun 17, 2013 11:30pm
Quoting Mr Hatch
{quote} If you read 3 different books about Fibs - all three from so-called respected and experienced traders - they all tell you to place them differently.
Lol that's what I am saying. Trading is highly subjective.
When the facts change I change my mind, what do you do sir
  • #808,427
  • Jun 17, 2013 11:31pm Jun 17, 2013 11:31pm
Quoting Davit
{quote} In my experience pivots are rather subjective points.You can take 10 different points and all could be true depending which pivots you look at it. In my thinking lot of software is already programmed to attack trend lines and pivots because that's where the stops are. I come to realization that closest thing in predicting the price is harmonics which is based on fibs and Elliot wave. One day you will shed all the pivots from your charts and that I am sure of. Regards
Also, surely if there is a lot os software already programmed to attack pivots that they would be likely more objectve than subjective as algos require a higher level of certainty...
A journey of a thousand miles begins with a single step. Lao-tzu
  • #808,428
  • Jun 17, 2013 11:32pm Jun 17, 2013 11:32pm
Quoting Pip Anon
Its been so weird recently. Dollar goes up, euro goes up. Bad economic data for yen, and that goes up.

I am not a pro trader like most of you. But I don't see how it is weird that the dollar and the Euro go up at the same time.

The dollar index, to my understanding is a weighted basket of currencies against the dollar. So, if the dollar goes up against weaker currencies and the Euro and the Dollar are both strong, then wouldn't it be a race to see which currency is stronger and is beating the weaker currencies.. The dollar or the Euro?

Anyways, if I am wrong let me know.
Luck has no place in trading. Leave that for the poker table.
  • #808,429
  • Jun 17, 2013 11:34pm Jun 17, 2013 11:34pm
Quoting Pair-me-up
{quote} I am not a pro trader like most of you. But I don't see how it is weird that the dollar and the Euro go up at the same time. The dollar index, to my understanding is a weighted basket of currencies against the dollar. So, if the dollar goes up against weaker currencies and the Euro and the Dollar are both strong, then wouldn't it be a race to see which currency is stronger and is beating the weaker currencies.. The dollar or the Euro? Anyways, if I am wrong let me know.
No you're right. It just happens not so often in regards to euro. Seen it a lot recently with AUD though.
When the facts change I change my mind, what do you do sir
  • #808,430
  • Jun 17, 2013 11:34pm Jun 17, 2013 11:34pm
Quoting PROstrength
Draghi ???? only 15 pips this time? June 3rd he tore it up...... down then bouncy......
It was dollar index movement...
Attached Image (click to enlarge)
Click to Enlarge Name: US Dollar Index(15 Minutes)20130618083706.png Size: 28 KB
  • #808,431
  • Jun 17, 2013 11:35pm Jun 17, 2013 11:35pm
Quoting Pip Anon
{quote} He is talking at the Bank of Israel. It shouldn't be anything spectacular.

a ez/nato member next to Syria (having a civil war) in a region that wouldn't take much to ignite, a place where the ez gets much of its oil. a place where Iran and Israel are not the best of friends. another place the ez gets oil, is accused of supplying the weapons along with Iran. What would happen if they (Russia) closed valves?

its such a small world, the arms dealers hiding their cash in Cypress. have got the cash now, (thanks to the ecb) to exploit the Mediterranean. So the ECB in its stupidity of reason, has funded many wars present and future.. directly and indirectly, its what the owners of the central banks have done for old Europe for centuries. .
those who can, do. those who cant, talk about those who can
  • #808,432
  • Jun 17, 2013 11:38pm Jun 17, 2013 11:38pm
Quoting Pip Anon
{quote} Only objectiveness is trading completely automated IMO. Math is objective, but when applied discretionary to analysis is subjective. I say this because we determine whether or not to trade on the given output. Feelings, thoughts, etc are then entered into the equation. We can have software that tells us how to trade, but, really, who has traded completely mechanically manually?
Hey Pip Anon. Even Math isn't as objective as most people think though when it's applied to the real world. It's the whole chaos theory thing. The sums may come out the same with the same inputs, but when you start using real world data, things can often go loopy. Especially with edge and corner cases and extreme outliers. Completely automated trading is not even truely objective. Variability comes from which feed you use and when you start or stop the trading bot. Calculations are usually based on data over a period of time and that changes when the time period alters. The timing and feed selection for an automated trading algo is discretionary and can vary between operators.

In the end, it's what works for you. But it's also very useful to see how others succeed and to always question, learn and develop.

What really bugs me is when people discuss what works for them and someone else comes along and says: "You've got it all wrong. Your way doesn't work and in time you will realise my way is better." Especially when they only have seen a small part of the whole.
A journey of a thousand miles begins with a single step. Lao-tzu
  • #808,433
  • Jun 17, 2013 11:39pm Jun 17, 2013 11:39pm
Quoting gatorinla
{quote} a ez/nato member next to Syria (having a civil war) in a region that wouldn't take much to ignite, a place where the ez gets much of its oil. a place where Iran and Israel are not the best of friends. another place the ez gets oil, is accused of supplying the weapons along with Iran. What would happen if they (Russia) closed valves? its such a small world, the arms dealers hiding their cash in Cypress. have got the cash now, (thanks to the ecb) to exploit the Mediterranean. So the ECB in its stupidity of reason, has funded many wars present...
I know where Israel is, but if that were to happen I don't think a press statement at the BoI will trigger it. Usually these are preplanned. Who knows I guess
When the facts change I change my mind, what do you do sir
  • #808,434
  • Jun 17, 2013 11:41pm Jun 17, 2013 11:41pm
Quoting Pip Anon
{quote} No you're right. It just happens not so often in regards to euro. Seen it a lot recently with AUD though.
True on the Aud.. I scaled in a few positions on the Aud/Usd yesterday and pulled in about 22x hundred pips. Checked for any action this morning and it is just stalled at the bottom. So, I am flat for now.
Luck has no place in trading. Leave that for the poker table.
  • #808,435
  • Jun 17, 2013 11:42pm Jun 17, 2013 11:42pm
Quoting Pair-me-up
{quote} I am not a pro trader like most of you. But I don't see how it is weird that the dollar and the Euro go up at the same time. The dollar index, to my understanding is a weighted basket of currencies against the dollar. So, if the dollar goes up against weaker currencies and the Euro and the Dollar are both strong, then wouldn't it be a race to see which currency is stronger and is beating the weaker currencies.. The dollar or the Euro? Anyways, if I am wrong let me know.
I think what's odd is that the USDX is 57.6% weighted towards the Euro, so Euro movement should have a stronger negative correlation to USDX. The FXCM USDOLLAR index is only 25% weighted towards the Euro so it would be more affected by other currencies.
A journey of a thousand miles begins with a single step. Lao-tzu
  • #808,436
  • Jun 17, 2013 11:42pm Jun 17, 2013 11:42pm
Quoting KillerWhale
{quote} you have really weird charts
Weird? It is important to reflect faithfully the reality.

Let us examine the level 3328 given by Gator.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 40 KB


Here for me no support. Only on 3292
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #808,437
  • Jun 17, 2013 11:45pm Jun 17, 2013 11:45pm
Quoting Pip Anon
{quote} I know where Israel is, but if that were to happen I don't think a press statement at the BoI will trigger it. Usually these are preplanned. Who knows I guess

plans are made. the bankers are in the war rooms.
those who can, do. those who cant, talk about those who can
  • #808,438
  • Jun 17, 2013 11:46pm Jun 17, 2013 11:46pm
Hmm, the daily pivot S1 level at 1.33296 seems to be providing temporary support.
A journey of a thousand miles begins with a single step. Lao-tzu
  • #808,439
  • Jun 17, 2013 11:47pm Jun 17, 2013 11:47pm
Quoting tsujigiri
{quote} Hey Pip Anon. Even Math isn't as objective as most people think though when it's applied to the real world. It's the whole chaos theory thing. The sums may come out the same with the same inputs, but when you start using real world data, things can often go loopy. Especially with edge and corner cases and extreme outliers. Completely automated trading is not even truely objective. Variability comes from which feed you use and when you start or stop the trading bot. Calculations are usually based on data over a period of time and that changes...
Hello, tsujigiri

Math can get pretty out there. In regards to algorithms, they are objective regardless of feed, etc because they do not have minds, emotions or impluses. Objectiveness is an action not requiring perceptions or thoughts. The software follows the task because that's all it can do. It doesn't care that Bernanke's tie is red on tueday oppose to yellow, or that the DOW is down 8,000 pts.

Automated trading is objective by function. It is your subjectivity that decides when to turn it off or on lol. The computer is not alive.
When the facts change I change my mind, what do you do sir
  • #808,440
  • Jun 17, 2013 11:49pm Jun 17, 2013 11:49pm
Quoting gatorinla
{quote} plans are made. the bankers are in the war rooms.
If only I was a fly on the wall. First 10 mins they shoot the shite, 5 mins they talk about france not being economically competitive for the last god knows when, 1 min laughing at Greece becoming an emerging market, another 5 on talking about negative rates but never doing it and than the last 3 about what restaurant to attend to after the meeting.
When the facts change I change my mind, what do you do sir
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