Touched resistance!
Pretty good . 100 pips.
still moving down...
Pretty good . 100 pips.
still moving down...
- #26
- Edited 3:56am Feb 25, 2014 3:44am | Edited 3:56am
FA:
This week is filled with some important data.
We have UK/US GDP.
German unemployment on Thursday / EU unemployment on Friday.
Germans unemployment is forecast to push down to 6.7% for Feb,which will likely shows drop in eur/usd.
EU unemployment rate,from other side is forecast to stay at same LEVEL.
BUT we have CPI on Friday!
And there is some posibble situation.
IF CPI fails to rise while unemployment stays high for most of the EMU,
ECB (European Central Bank) will consider to take some action,easing action next meeting (NEXT WEEK)
THIS IS VERY IMPORTANT!
Watch carefully!
ALSO main EVENTS for Asia are JAPANESE CPI (FRIDAY) and CHINESE MANUFACTURING PMI (sATURDAY)
NOTE,that Chinese economy affects AUD (and a little bit on NZD).
You can trade opening market on Friday by this data
In the US, today we get Case-Shiller, the FHFA house price index and the Richmond Fed index.
Wednesday is new homes sales, Thursday is durables and jobless claims as well as the Kansas City Fed index, and Friday is a flood of data, including final Q4 GDP and the Chicago PMI.
Yesterday,equties are closed higher,dispite the weakness in US,EU and Asia.
That put risk taking sentiment nad push AUD and NZD (they were the winners of the day).
While the SAFE-HEAVEN currencies JPY and CHF were pushed lower.
TA:
TODAY IS RANGING DAY.
EUR/USD will move in this range.
USD/CHF would hardly break this range cause market is PUMPED for CHF GDP (thursday) and USD New Homesales
GBP/USD wait for GBP GDP
USD/JPY is volatile pair,there is strong support down and everytime price hit that level,that is potential buy for us.
AUD/USD is close to 50 EMA.
USD/CAD - look for buying opportunities!I couldn't see better opportunity for today.
BEAR ON MIND, EU equities are open lower.
BONDS.
REMEMBER THIS IS H4 TF!
please suggest if you want from me to change some stuffs.
This week is filled with some important data.
We have UK/US GDP.
German unemployment on Thursday / EU unemployment on Friday.
Germans unemployment is forecast to push down to 6.7% for Feb,which will likely shows drop in eur/usd.
EU unemployment rate,from other side is forecast to stay at same LEVEL.
BUT we have CPI on Friday!
And there is some posibble situation.
IF CPI fails to rise while unemployment stays high for most of the EMU,
ECB (European Central Bank) will consider to take some action,easing action next meeting (NEXT WEEK)
THIS IS VERY IMPORTANT!
Watch carefully!
ALSO main EVENTS for Asia are JAPANESE CPI (FRIDAY) and CHINESE MANUFACTURING PMI (sATURDAY)
NOTE,that Chinese economy affects AUD (and a little bit on NZD).
You can trade opening market on Friday by this data
In the US, today we get Case-Shiller, the FHFA house price index and the Richmond Fed index.
Wednesday is new homes sales, Thursday is durables and jobless claims as well as the Kansas City Fed index, and Friday is a flood of data, including final Q4 GDP and the Chicago PMI.
Yesterday,equties are closed higher,dispite the weakness in US,EU and Asia.
That put risk taking sentiment nad push AUD and NZD (they were the winners of the day).
While the SAFE-HEAVEN currencies JPY and CHF were pushed lower.
TA:
TODAY IS RANGING DAY.
EUR/USD will move in this range.
USD/CHF would hardly break this range cause market is PUMPED for CHF GDP (thursday) and USD New Homesales
GBP/USD wait for GBP GDP
USD/JPY is volatile pair,there is strong support down and everytime price hit that level,that is potential buy for us.
AUD/USD is close to 50 EMA.
USD/CAD - look for buying opportunities!I couldn't see better opportunity for today.
BEAR ON MIND, EU equities are open lower.
BONDS.
REMEMBER THIS IS H4 TF!
please suggest if you want from me to change some stuffs.
- #27
- Edited 4:00am Feb 25, 2014 3:47am | Edited 4:00am
{quote} What's new Nikola/?
Today is not MY DAY for trading so I will probably go FOR A WALK from my TRADING LAB.
How are you,hows your trading ?
What do you think about this thread?What to change ?
{quote} There is always a lot of new things
http://m.youtube.com/watch?v=tJWM5FmZyqU
Keep doing your thing here! I'm great tks for asking, hard to chat on phone be back around again soon enough
Howlin' at the Moon on the Roof
- #29
- Feb 25, 2014 7:06am Feb 25, 2014 7:06am
{quote} Questions! ... You're superb http://m.youtube.com/watch?v=tJWM5FmZyqU Keep doing your thing here! I'm great tks for asking, hard to chat on phone be back around again soon enough
Good song,also! Heartbreaking
Yeah it's sometimes boring to type on phone. I personally can't imagine typing on phone haha
I'm born with comupter !
One song for you and all
It's a little bit different than your song but WE ARE ALL LOOKING FOR QUALITY,AINT WE ?
Norwegian Jazz Trio
Inserted Video
Electromagnetics !
- #30
- Feb 25, 2014 4:35pm Feb 25, 2014 4:35pm
When you say FOREX,what first comes to your mind ?
I would like if you write here your view on FX.
I will describe here my point of view.
Maybe the text will be a little longer (extended) but I hope you will enjoy. (welcome to my trading lab
folks )
We will came across some stuffs which are very important,not just for Forex,but also as for whole Economy.
Let's start from early development of human,what is the main tool (modification) that provides human to
think and learn.
Human,at the first begining (initially) had significantly underdeveloped brain (than now-man,which is
logical).
Drastically weakened brain function.
What is most important and biggest revolutionary change in human evolution is memory expansion.
That extend memory (increased capacity) happened mechanically.
Millions and millions years!
As well as many of us training our body and improve physical strenght and skill.
Same stuff happens with the psychic.
When you learn alphabeth and start to read you can read WHOLE PAGE! WOW!
But when you are reading everyday since than,you improve your reading skills.
AND NOW YOU CAN READ ABOUT HUNDRED PAGES!
Someone develope reading technique and train themselves to read a book a day.
(http://books.google.rs/books/about/T...AJ&redir_esc=y)
BECOME SUPER SCANNER MACHINE!
So,with that extended memory,human get possibility to learn from HISTORY.
Doesn't allow mistakes to repeat too often and neatly store it in brain.
My contention is: THAT GOOD ECONOMIST,TRADER OR SUCCESS PERSON,IN GENERALLY,MUST BE ALSO A GOOD HISTORIAN!
LEARN FROM HISTORY!
HISTORY HISTORY ,what's is all about history!?
It's because Forex (and other markets generally speaking) works on the same principle!
REMEMBER A HISTORY!
'CAUSE OF THAT I DRAW ALL THIS RED LEVELS!From which price bounce all the time!
These levels are support and resistance levels or so-called psychological levels!
So,Forex also have some intelligence,artificial intelligence!Which is a reflection of the people tradings.
A coctail of human emotions,fear,love,passion,stress and so on ...
In some hand,like some robot made by people but actually more like a mechanism!
I would ask you kindly,before any entry in seriously trading or putting your own money to think about how
Forex place is?
I believe that most of you know that the daily money TURN in FX are 2 trilions us dollars. (figure with
twelve zeros)
OK,mostly people accept that for granted!
But wait,think little bit about that!
What is the SIZE of that market?
It's difficult to conceive that digit and amount of money!
Think about ,how much orders are daily in the FX.
In that purpose I will try to describe my point of view!
Think about ONE BIG FACTORY!
Who has big rooms more like a chambers!
you can imagine ,for better picture,a chambers with FX pairs names.
EUR/USD,USD/JPy,USd/CAD and so on and so on (EUR/usd -WOULD BE THE LARGEST.He has the highest turnover)
But let's imagine simpliest like one big chamber!
BIG HALL LIKE STAPLES CENTER or MADISON SQUARE GARDEN!
I did some simple calculations for better understanding.
We said that we have 2 000 000 000 000 $ daily,that is 1.388.888.888 $ per SECOND!
TRY to imagine HOW BIG MACHINE PUT THAT HUGE AMOUNT OF MONEY (or even orders) IN THE CHAMBER!(OR CHAMBERS
if you imagine fx pair chambers)
Remember THAT MACHINE WOULD NEED TO PUT 1.388.888.888 $ EVERY SINGLE SECOND IN HIS CHAMBER!
That big chamber would contain a 13.888 greenback of 100 000 $ !
HOW BIG IS THAT FACOTRY FOR GOD SAKE?!!!IS THAT POSSIBLE?!
Yes it is!And you are the part of that big mechanism every time you put the order in!
It's a little bit scary when you imagine big mechanism like that but it's also USEFUL!
That leads us to take seriously all this.
Try to think a little bit about this ,next time when you were watching your charts.
I prepared a lot of articles for Y'ALL!
I will be focused on newbies but also I can't neglect the rest!
Therefore, read the thread it will be a lot of interesting things for all.
We are at very beginning!
I drew a silly cartoon for fun!
I would like if you write here your view on FX.
I will describe here my point of view.
Maybe the text will be a little longer (extended) but I hope you will enjoy. (welcome to my trading lab
folks )
We will came across some stuffs which are very important,not just for Forex,but also as for whole Economy.
Let's start from early development of human,what is the main tool (modification) that provides human to
think and learn.
Human,at the first begining (initially) had significantly underdeveloped brain (than now-man,which is
logical).
Drastically weakened brain function.
What is most important and biggest revolutionary change in human evolution is memory expansion.
That extend memory (increased capacity) happened mechanically.
Millions and millions years!
As well as many of us training our body and improve physical strenght and skill.
Same stuff happens with the psychic.
When you learn alphabeth and start to read you can read WHOLE PAGE! WOW!
But when you are reading everyday since than,you improve your reading skills.
AND NOW YOU CAN READ ABOUT HUNDRED PAGES!
Someone develope reading technique and train themselves to read a book a day.
(http://books.google.rs/books/about/T...AJ&redir_esc=y)
BECOME SUPER SCANNER MACHINE!
So,with that extended memory,human get possibility to learn from HISTORY.
Doesn't allow mistakes to repeat too often and neatly store it in brain.
My contention is: THAT GOOD ECONOMIST,TRADER OR SUCCESS PERSON,IN GENERALLY,MUST BE ALSO A GOOD HISTORIAN!
LEARN FROM HISTORY!
HISTORY HISTORY ,what's is all about history!?
It's because Forex (and other markets generally speaking) works on the same principle!
REMEMBER A HISTORY!
'CAUSE OF THAT I DRAW ALL THIS RED LEVELS!From which price bounce all the time!
These levels are support and resistance levels or so-called psychological levels!
So,Forex also have some intelligence,artificial intelligence!Which is a reflection of the people tradings.
A coctail of human emotions,fear,love,passion,stress and so on ...
In some hand,like some robot made by people but actually more like a mechanism!
I would ask you kindly,before any entry in seriously trading or putting your own money to think about how
Forex place is?
I believe that most of you know that the daily money TURN in FX are 2 trilions us dollars. (figure with
twelve zeros)
OK,mostly people accept that for granted!
But wait,think little bit about that!
What is the SIZE of that market?
It's difficult to conceive that digit and amount of money!
Think about ,how much orders are daily in the FX.
In that purpose I will try to describe my point of view!
Think about ONE BIG FACTORY!
Who has big rooms more like a chambers!
you can imagine ,for better picture,a chambers with FX pairs names.
EUR/USD,USD/JPy,USd/CAD and so on and so on (EUR/usd -WOULD BE THE LARGEST.He has the highest turnover)
But let's imagine simpliest like one big chamber!
BIG HALL LIKE STAPLES CENTER or MADISON SQUARE GARDEN!
I did some simple calculations for better understanding.
We said that we have 2 000 000 000 000 $ daily,that is 1.388.888.888 $ per SECOND!
TRY to imagine HOW BIG MACHINE PUT THAT HUGE AMOUNT OF MONEY (or even orders) IN THE CHAMBER!(OR CHAMBERS
if you imagine fx pair chambers)
Remember THAT MACHINE WOULD NEED TO PUT 1.388.888.888 $ EVERY SINGLE SECOND IN HIS CHAMBER!
That big chamber would contain a 13.888 greenback of 100 000 $ !
HOW BIG IS THAT FACOTRY FOR GOD SAKE?!!!IS THAT POSSIBLE?!
Yes it is!And you are the part of that big mechanism every time you put the order in!
It's a little bit scary when you imagine big mechanism like that but it's also USEFUL!
That leads us to take seriously all this.
Try to think a little bit about this ,next time when you were watching your charts.
I prepared a lot of articles for Y'ALL!
I will be focused on newbies but also I can't neglect the rest!
Therefore, read the thread it will be a lot of interesting things for all.
We are at very beginning!
I drew a silly cartoon for fun!
- #37
- Feb 26, 2014 3:41pm Feb 26, 2014 3:41pm
- Joined May 2009 | Status: Trader | 3,730 Posts
I HAVE A QUESTION FOR ALL OF YOU! WHY THIS BIG DROP HAPPENS TODAY ? I will wait for your answers and at the end of the day I will give you answer.
