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  • #813,861
  • Jul 10, 2013 10:26am Jul 10, 2013 10:26am
Guys what are your speculations about the upcoming news which will have an big impact?
  • #813,862
  • Jul 10, 2013 10:29am Jul 10, 2013 10:29am
Quoting vash021
Guys what are your speculations about the upcoming news which will have an big impact?
it might take euro up or may be down.
been there done that, Good Bye
  • #813,863
  • Jul 10, 2013 10:38am Jul 10, 2013 10:38am
Quoting Taigen
{quote} Could you explain each line... It looks like you a got a weaver's loom going.
Not only that, I can explain it, but the levels of each line are calculated in time.

Attached Image (click to enlarge)
Click to Enlarge Name: TABLICA_04.png Size: 65 KB


The table is for the cable.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #813,864
  • Jul 10, 2013 10:39am Jul 10, 2013 10:39am
...and once again at 3/4.
Attached Image
  • #813,865
  • Jul 10, 2013 10:42am Jul 10, 2013 10:42am
Quoting WhiteHorse
{quote} it might take euro up or may be down.
Yeah, but I can assure you it will go to the right, never to the left.
Use me as a contrarian indicator
  • #813,866
  • Jul 10, 2013 10:42am Jul 10, 2013 10:42am
Quoting godim
{quote} Not only that, I can explain it, but the levels of each line are calculated in time. {image} The table is for the cable.
Thank you so much. It makes total sense now. I thought I had to go out and get a weaver's loom but with that explanation, it is no longer necessary. Thanks again.
Taigen Profit This Month: na
  • #813,867
  • Jul 10, 2013 10:53am Jul 10, 2013 10:53am
Quoting Taigen
{quote} Thank you so much. It makes total sense now. I thought I had to go out and get a weaver's loom but with that explanation, it is no longer necessary. Thanks again.
I am glad that understand each immediately.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #813,868
  • Edited Jul 11, 2013 9:28pm Jul 10, 2013 11:01am | Edited Jul 11, 2013 9:28pm
I hate when the indicators all line up and then position, it turns on you. One of the cardinal rules is not to jump the gun but I still find myself doing it on on occasion. My gold MA crossed the LR but that just indicates a possible shift in trend. When my MA's (gold, purple, white) crossed I jumped in. The oval gives the rest of the story. Until the LR (yellow solid) crosses the EMA (red dotted) (for me anyway) the daily trend is still down. Were now in no man's land.
Taigen Profit This Month: na
  • #813,869
  • Jul 10, 2013 11:08am Jul 10, 2013 11:08am
Quoting gatorinla
{quote} we all trade oil
Bravo.
Quant Hedge Fund CEO
  • #813,870
  • Jul 10, 2013 11:12am Jul 10, 2013 11:12am
Bears crossed it back after bulls..
Attached Image
  • #813,871
  • Jul 10, 2013 11:15am Jul 10, 2013 11:15am
Quoting OfWolfAndMan
Bears crossed it back after bulls.. {image}
Whats your target towards south since the bear crossing?
Keep the Lights on then you can catch the rise from the dark.
  • #813,872
  • Jul 10, 2013 11:19am Jul 10, 2013 11:19am
Watching oil right now.. Can we close above 105.65 ??
Attached Image
  • #813,873
  • Jul 10, 2013 11:21am Jul 10, 2013 11:21am
Quoting ricmaj
{quote} Whats your target towards south since the bear crossing?
2805 first & 2759 after..
  • #813,874
  • Jul 10, 2013 11:23am Jul 10, 2013 11:23am
Quoting Taigen
I hate when the indicators all line up and then position, it turns on you. One of the cardinal rules is not to jump the gun but I still find myself doing it on on occasion. My gold MA crossed the LR but that just indicates a possible shift in trend. When my MA's (gold, purple, white) crossed I jumped in. The oval gives the rest of the story. Until the LR (yellow solid) crosses the EMA (red dotted) (for me anyway) the daily trend is still down. Were now in no man's land. {image}
.....Nice chart you got there friend, is accucharts still working here in the US, fxsolutions that is or you have a demo from fxsolutions uk? I had accucharts but they moved out of the USor at least that is what they told me when they moved my acc to forex.com, sorry for the many questions I all puzzle here thanks in advance.
The Chonchy
  • #813,875
  • Jul 10, 2013 11:24am Jul 10, 2013 11:24am
Quoting Taigen
Being a trader in the U.S., big mommy government will not allow us to trade like the rest of our international brothers. The FIFO and hedging rules have put us in a strong disadvantage. I never used to have to wait positions out but our nanny government knows what's best for us..........Our economy will probably implode at about the time that happens. Many of the big time brokers will no longer serve the U.S. market simply because of the heavy hand of the government. ........
i agree in general with your viewpoint, but i think it is a mistake to see these things as nanny-isms.... it is really CRONYISM. the no-hedging, low leverage and other rules (incl no lev at all on Au + Ag) were favors to the brokerages and banks that allowed fx houses to refuse traders the option of hedging, high leverage and such (for their own reasons) w/o suffering a loss of business to competitors who would offer these services.

CRONYISM is also what the IRS is about... and it is where the growing support in congress to pass HR25/S122 and end the IRS is coming from (aka the FairTax - see www.fairtax.org)

it's everywhere (look at the mess spawned by the patriot act and follow-on legislation --- "we're just looking after you" say all the businesses that profit from spying and intrusion. ha!)

the gov would like you to believe in nannyism (that they're just OVERDOING the job of looking after you ). what a joke -- it's all about cronyism... the usa has become CRONY NATION!
  • #813,876
  • Jul 10, 2013 11:27am Jul 10, 2013 11:27am
Dollar - Potential Impact of Fed Minutes, Bernanke


The dollar is trading lower this morning against all of the major currencies ahead of today's key U.S. event risk. While there has been a bit of volatility in the FX market, the equity and bond markets traded quietly since the beginning of the week as investors wait for the release of the FOMC minutes and for Bernanke to speak. Given that little time has past since the last Fed meeting and economic data has been mostly better than expected, there's a good chance Bernanke's comments and tone will be unchanged. The FOMC minutes should contain some optimism because the central bank lowered their unemployment forecasts. Also at the June Fed meeting, the Fed Chairman was very vocal about reducing asset purchases and we expect Bernanke to reaffirm these plans. Considering the significance of the shift in Fed policy a repeat of their plans to begin tapering this year and end asset purchases completely in 2014 could be enough to renew the rally in the dollar. However, new highs in the greenback would probably require a sign of significant internal support for changing their current monetary policies in September versus December.

With this in mind, Bernanke could still spend time stressing the difference between tapering and rate hikes. Just because the central bank is getting ready to reduce asset purchases does not mean they are anywhere close to raising rates. While this may be obvious to some investors, the sharp rise in U.S. yields suggests that the market is pricing in tighter monetary policy. The market to watch today will be bonds. If the FOMC minutes or Bernanke's speech drives U.S. yields higher, the dollar will follow but if bonds hold steady, the dollar may not see much momentum.

The exit is clearly marked so even if the FOMC minutes reveal nothing new, the divergence in global monetary policies should keep the dollar bid. For the minutes to be overwhelmingly dollar positive, we need significant support for tapering in September. There are only two real opportunities for the Fed to take action this year - September and December. As this is a major monetary policy shift Fed Chairman Ben Bernanke will want to clarify the central bank's position and press conferences are scheduled after both meetings. If the Fed believed that the economy could handle it, they would much rather taper for the first time in September than December because the December meeting is too close to the holidays.
rat
  • #813,877
  • Jul 10, 2013 11:29am Jul 10, 2013 11:29am
Quoting Taigen
I hate when the indicators all line up and then position, it turns on you. One of the cardinal rules is not to jump the gun but I still find myself doing it on on occasion. My gold MA crossed the LR but that just indicates a possible shift in trend. When my MA's (gold, purple, white) crossed I jumped in. The oval gives the rest of the story. Until the LR (yellow solid) crosses the EMA (red dotted) (for me anyway) the daily trend is still down. Were now in no man's land. {image}

it said in your profile .........

"I have developed my own trading strategies: Cost Averaging using indicators, Fibonacci Ratios, & PP"


.........that you created this system all by yourself, nice system you got there, it looks complicated, do you care to explain a little bit about it?thanks in advance.....
The Chonchy
  • #813,878
  • Jul 10, 2013 11:31am Jul 10, 2013 11:31am
Quoting Kambooj
EUR Buy Now Here are the details: {image}
what catalyst might cause such a large jump? it seems likely that benny will take his strong dollar stance again. do you think something else is waiting in the wings?
  • #813,879
  • Jul 10, 2013 11:42am Jul 10, 2013 11:42am
Quoting rattyo
Dollar - Potential Impact of Fed Minutes, Bernanke The dollar is trading lower this morning against all of the major currencies ahead of today's key U.S. event risk. While there has been a bit of volatility in the FX market, the equity and bond markets traded quietly since the beginning of the week as investors wait for the release of the FOMC minutes and for Bernanke to speak. Given that little time has past since the last Fed meeting and economic data has been mostly better than expected, there's a good chance Bernanke's comments and tone will...
Does this mean we could go up or down in short??
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #813,880
  • Jul 10, 2013 11:46am Jul 10, 2013 11:46am
PA stuck in the between a rock and a hard place
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