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  • #833,381
  • Sep 6, 2013 9:08pm Sep 6, 2013 9:08pm
Quoting KillerWhale
{quote} Oh well. enough nice people left here. After studying a bit UCAD I think the break of support @ 1.0444 was a big one and I'll go add shorts to that level Sunday.
I don't see the bottom yet.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #833,382
  • Sep 6, 2013 9:28pm Sep 6, 2013 9:28pm
A sharply disappointing US Nonfarm Payrolls report was supposed to be enough to send the US Dollarto fresh lows versus the Euro, but the EURUSD finished the week almost exactly where it began. What gives?

Many predicted the past week would settle two key questions and force a Euro and US Dollar breakout from recent sideways ranges. 1: Will the European Central Bank signal lower interest rates for an extended period of time? 2. Will the US Federal Reserve begin the so-called “Taper” of its Quantitative Easing policies at its September meeting?

On the first point markets were somewhat disappointed; the ECB struck a dovish tone but fell short of calling for further easing or more direct forward guidance. Debate over the Fed’s next moves were arguably settled as a sharp disappointment in key US Nonfarm Payrolls data sunk bets on a sharp shift in the US central bank’s monetary policy.

Yet the post-NFP US Dollar sell-off wasn’t enough to take the Euro clear of month-to-date highs, and forex traders continue to play an uneasy waiting game for the next major catalyst to break the US Dollar out of its sideways chop.

A relatively empty economic calendar ahead suggests that the coming week will be a quiet one. Yet we would be remiss to ignore the obvious tail risk in the potential for much larger international armed conflict in Syria.

On one side is the United States in favor of military intervention, and on the other is Russia which remains staunchly opposed to any such actions. The stakes seem clear: a simple headline from Russia’s Prime Minister was enough to send the S&P 500 almost 20 big points lower within minutes.

We won’t advocate trading on any such headlines, and indeed that sharp S&P sell-off was later retraced. Yet it seems foolish to ignore the risk of outsized market moves. The US legislature is expected to vote in favor of armed US intervention in Syria next week, and any surprises would likely bring big market volatility.

It has been frustrating to trade the Euro as it sticks to a choppy range, and we feel it’s time for the Euro to tell us where it’s headed. The fact that it continues to hold below its month-to-date high leaves us somewhat bearish, but we’ll need to see acceleration below its 200-day Simple Moving Average near $1.3150 to have any real confidence in a bearish forecast.

In the meantime, we’ll brace ourselves for more choppy EURUSD price action.

Written by David Rodriguez, Quantitative Strategist for DailyFX.com

I really love this, from dailyfx.com.

It's almost as good as your casino croupier will tell you the next black jack card is an ace.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #833,383
  • Sep 6, 2013 9:38pm Sep 6, 2013 9:38pm
Quoting KillerWhale
A sharply disappointing US Nonfarm Payrolls report was supposed to be enough to send the US Dollarto fresh lows versus the Euro, but the EURUSD finished the week almost exactly where it began. What gives? Many predicted the past week would settle two key questions and force a Euro and US Dollar breakout from recent sideways ranges. 1: Will the European Central Bank signal lower interest rates for an extended period of time? 2. Will the US Federal Reserve begin the so-called “Taper” of its Quantitative Easing...

I don't even know why I read those websites.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #833,384
  • Sep 6, 2013 9:46pm Sep 6, 2013 9:46pm
Quoting DemoAntares
{quote} 50 bucks and we can talk. per hour.
Document your Credentials....
  • #833,385
  • Sep 6, 2013 9:50pm Sep 6, 2013 9:50pm
Quoting KillerWhale
{quote} I don't even know why I read those websites.
write something...just something...the boss tells them....so our website is out and about......advertising bs...at its best...
  • #833,386
  • Sep 6, 2013 11:15pm Sep 6, 2013 11:15pm
Quoting dpaulinla
i was wondering if anyone was interested in mentoring me. It seems some here have much more information and experience for sure. I am a great student. Very willing to learn.
I think you get more bang for buck if you go thru babypips first.. look at the tools available and choose 1 that you think might work then ask questions here..

Nothing helps learning more than actually doing... if you're wrong then it's just course fees
it is highly likely that i'm wrong... so dont follow me!
  • #833,387
  • Sep 7, 2013 3:14am Sep 7, 2013 3:14am
Thank you all folk. I have learnt a lot from following this thread in the last 3 years or so. My trading and discipline has improved throughout this time.
  • #833,388
  • Sep 7, 2013 4:48am Sep 7, 2013 4:48am
Quoting tomspin
{quote} I am not qualified in that group as I count on a breakout towards 97, my lowest sits at 9124 and highest at 9141 and have one at 9040 to help me out if those upper ones turn against me, but thanks for the heads up, enjoy your weekend.
Looks Gap going to be in your favor
Mohan
  • #833,389
  • Sep 7, 2013 7:59am Sep 7, 2013 7:59am
Quoting KillerWhale
{quote} I don't even know why I read those websites.
yea... i don't even know why you're posting that crap. lol

nice trade on ucad btw.
  • #833,390
  • Sep 7, 2013 8:48am Sep 7, 2013 8:48am
Quoting pkimnyc
{quote} yea... i don't even know why you're posting that crap. lol nice trade on ucad btw.
Just to show how useless it is.
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  • #833,391
  • Sep 7, 2013 9:32am Sep 7, 2013 9:32am
If ya had troubles working the market this week, ya gotta ask yourself, did it trade much different than the week before?

Was the writing on the table, could the trades be made off of basic indicators and a general idea of overbought and oversold?

So, I wrote a little trigger code and incorporated it into an EA. I improved a grid trade logic to have it trigger on grid, making it not just take blind triggers, but forcing it to restrain itself a little and wait for a minimum range before looking for a cost averaging trigger. From there, told it that instead of just closing a set profit, to watch for a set profit and a counter trigger...Dynamic Range, Dynamic Profit.

Well, I'll be fooked...it not only makes sense, but prospers...whuda thunk?

These results are on a DEMO account traded off of an M1 chart, no actual broker was harmed during this test. This is to give an idea of using the tools that are available to gain a better sense of what can be used to take trade triggers.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #833,392
  • Sep 7, 2013 9:56am Sep 7, 2013 9:56am
for me it is down.
look at the free space below 1.3100.. i think it will more likely go there than rise again.
D1...
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failure is not an option.
  • #833,393
  • Sep 7, 2013 10:05am Sep 7, 2013 10:05am
Quoting rudimente
for me it is down. look at the free space below 1.3100.. i think it will more likely go there than rise again. D1... {image}
Then maybe should do the opposite and go long ?

edit: Though i have 1.3075 for more down before up
  • #833,394
  • Sep 7, 2013 10:12am Sep 7, 2013 10:12am
indices. Tomorrow huge falls.
mini sp500. , Gold upwards
  • #833,395
  • Sep 7, 2013 10:14am Sep 7, 2013 10:14am
Quoting Rag2RichesFX
{quote} also i had a question. how do you verify track record on MyFXBook? do you need to have a staff member of MyFXBook verify it personally?
See link HERE.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #833,396
  • Sep 7, 2013 12:09pm Sep 7, 2013 12:09pm
for my 4000th post

here is this treat of a chart


EU - 12 HOUR

Dated to late January 2013

Gyazo HD --- http://gyazo.com/0848035c3756f4563b4a7e66e49017d5
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Be hopeful in a winning position, and fearful in a losing position.
  • #833,397
  • Edited 12:48pm Sep 7, 2013 12:37pm | Edited 12:48pm
Quoting Magix
If ya had troubles working the market this week, ya gotta ask yourself, did it trade much different than the week before? Was the writing on the table, could the trades be made off of basic indicators and a general idea of overbought and oversold? So, I wrote a little trigger code and incorporated it into an EA. I improved a grid trade logic to have it trigger on grid, making it not just take blind triggers, but forcing it to restrain itself a little and wait for a minimum range before looking for a cost averaging trigger. From there, told it that...
How do you get this knowledge Magix?
I'm pretty successful in riding UCAD's but coming to EA's I know practically nothing!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #833,398
  • Sep 7, 2013 12:45pm Sep 7, 2013 12:45pm
Quoting KillerWhale
{quote} How do you get this knowledge Magix? I'm pretty successful in riding UCAD but coming to EA's I know practically nothing!
I mean I would love to just sit back while an EA is making me rich and 3 ladies are making me.................... well, whatever 3 ladies can do, like pouring wine, arranging flowers, bring you some caviar ant other bites, lightning a cigarette for you, you know, the works.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #833,399
  • Sep 7, 2013 1:12pm Sep 7, 2013 1:12pm
Quoting Magix
If ya had troubles working the market this week, ya gotta ask yourself, did it trade much different than the week before? Was the writing on the table, could the trades be made off of basic indicators and a general idea of overbought and oversold? So, I wrote a little trigger code and incorporated it into an EA. I improved a grid trade logic to have it trigger on grid, making it not just take blind triggers, but forcing it to restrain itself a little and wait for a minimum range before looking for a cost averaging trigger. From there, told it that...
I wannit! Now give
  • #833,400
  • Sep 7, 2013 1:41pm Sep 7, 2013 1:41pm
Quoting CandleStar
{quote} I wannit! Now give
Take some time and read HERE. You should find what you are looking for. Any questions you have, have probably already been answered.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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