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Trading is supply and demand

  • #61
  • Dec 14, 2014 1:18am Dec 14, 2014 1:18am
Now notice how we are at a decisive moment. EURUSD has bounced off the 1.22 level since 2008 three times already and this is the 4th try. I don't think we are going to break it considering there is no supply starting to show (monthly oscillator is oversold and has no steam left to break the triple bottom. This month's candle should be rocky, next month's candle I might be thinking it is time to go long.

Now that I look at it mark my words that around the time crude oil stabilizes and rises the EURO will look mighty again. I am expecting this to happen come January/February.
  • #62
  • Dec 14, 2014 3:34am Dec 14, 2014 3:34am
investing 101, how about using MA instead of oscillator? Do you think it still works? I find the same principle with 3 ducks trading system in BP.
  • #63
  • Dec 14, 2014 9:54am Dec 14, 2014 9:54am
Quoting mario777
investing 101, how about using MA instead of oscillator? Do you think it still works? I find the same principle with 3 ducks trading system in BP.
Mario, it might be a good indicator, but we need to backtesting to see which one is better. Can you provide a picture of 3 ducks trading system in September so we can estimate number of earned pips between them? To my point of view 101 RSI provides more trading chances than MA. may be MA can make more pips. who knows.. thx
  • #64
  • Dec 14, 2014 11:21am Dec 14, 2014 11:21am
Quoting smash1820
{quote} He already gave you the details of his system, what more could you want from him? All the information that you need is already there. This is essentially the same system I use and it makes me wonder where he got his information from?! Be sure not to say too much dude! Some of these folks just need to figure it out themselves and learn the hard way. Then, of course, there are other "folks" (I hate using this word, it reminds me too much of Obama) who will never get it even though the information is staring at them right in the face and couldn't...
Smash,

This one of the many reasons I like your style. Right on right on.
  • #65
  • Dec 14, 2014 11:24am Dec 14, 2014 11:24am
Quoting IRISH37
{quote} This is why successful traders such as myself do not bother to post anything on Forex Factory. The trader has not had a chance to even develop the thread and is already hit by a negative comment from a probable know-it-all.
I agree.
  • #66
  • Dec 14, 2014 11:44am Dec 14, 2014 11:44am
Investing101,

Very helpful & informative info your sharing.
  • #67
  • Dec 14, 2014 11:56am Dec 14, 2014 11:56am
Quoting acetrader
Investing101, Very helpful & informative info your sharing.

My original point was that I found my method of trading and it should be unique for each one of us. When you focus on demand and supply who gives a shiXXT about what news is coming up tomorrow or what geopolitical stuff is happening.

On another note, I constantly see people doing backward testing on methods. Those don't work!!! I belief that trading is 1% technical and 99% pure psychological. Trading is a whole different animal when you use real funds (99% psychological). The odds of being on the right side of the trade is 50/50 then why do traders/hedge funds go bust?
  • #68
  • Dec 14, 2014 12:00pm Dec 14, 2014 12:00pm
Yeah you helped me I was looking at supply and demand trying learn it already
  • #69
  • Dec 14, 2014 12:07pm Dec 14, 2014 12:07pm
Quoting smash1820
{quote} He already gave you the details of his system, what more could you want from him? All the information that you need is already there. This is essentially the same system I use and it makes me wonder where he got his information from?! Be sure not to say too much dude! Some of these folks just need to figure it out themselves and learn the hard way. Then, of course, there are other "folks" (I hate using this word, it reminds me too much of Obama) who will never get it even though the information is staring at them right in the face and couldn't...

Hey smash point me to your system I am intrigued. I want to compare.
  • #70
  • Dec 14, 2014 12:20pm Dec 14, 2014 12:20pm
Hi,

Can you share the stochastic RSI you're using?

The default ones in my MT4 (Stochastic) asks only for K Period, D period and Slowing and draws multiple lines.
  • #71
  • Dec 14, 2014 12:21pm Dec 14, 2014 12:21pm
Quoting FXyao
Dear 101; Do you consider this is an uptrend on the EURUAD monthly/weekly chart? thx {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 206 KB


Do you agree on the movement yao?
YOUR MOTHERS ASS
  • #72
  • Edited 1:02pm Dec 14, 2014 12:43pm | Edited 1:02pm
Quoting santos23
{quote} {image} Do you agree on the movement yao?
look at the daily chart on your charts, looks overbought already. I would say still take shorts for quick profits. Look at the monthly chart you posted and go back to 1 Jan 2010, look at what happened even as the monthly was oversold. Now look at the 1 Jan 2010 on the daily and you will see it was overbought even as the monthly chart looked oversold which is why the monthly stayed oversold for a period of time.
  • #73
  • Dec 14, 2014 12:49pm Dec 14, 2014 12:49pm
Quoting santos23
{quote} {image} Do you agree on the movement yao?

How do I put it on my chart instead of at the bottom
  • #74
  • Dec 14, 2014 1:01pm Dec 14, 2014 1:01pm
Quoting investing101
{quote} look at the daily chart on your charts, looks overbought already. I would say still take shorts. Look at the monthly chart you posted and go back to 1 Jan 2010, look at what happened even as the monthly was oversold. Now look at the 1 Jan 2010 on the daily and you will see it was overbought even as the monthly chart looked oversold which is why the monthly stayed oversold for a period of time.
I see yes.. monthly moves muchh slower on the oscilator
YOUR MOTHERS ASS
  • #75
  • Dec 14, 2014 1:03pm Dec 14, 2014 1:03pm
I would wait to we close this month. Then decide what the EURUSD will be doing.
  • #76
  • Dec 14, 2014 1:21pm Dec 14, 2014 1:21pm
How do you get osicallator over the bars
  • #77
  • Dec 14, 2014 1:49pm Dec 14, 2014 1:49pm
Quoting investing101
{quote} My original point was that I found my method of trading and it should be unique for each one of us. When you focus on demand and supply who gives a shiXXT about what news is coming up tomorrow or what geopolitical stuff is happening. On another note, I constantly see people doing backward testing on methods. Those don't work!!! I belief that trading is 1% technical and 99% pure psychological. Trading is a whole different animal when you use real funds (99% psychological). The odds of being on the right side of the trade is 50/50 then why...
  • #78
  • Dec 14, 2014 2:35pm Dec 14, 2014 2:35pm
Quoting Shai1122
How do you get osicallator over the bars
Hi Shai, Attach this tpl to your chart....

Attached File(s)
File Type: tpl Stochastic_On_Chart.tpl   < 1 KB | 1,022 downloads
  • #79
  • Dec 14, 2014 4:55pm Dec 14, 2014 4:55pm
Didn't work do I need mt5
  • #80
  • Dec 14, 2014 6:13pm Dec 14, 2014 6:13pm
There is a high probability that by tomorrow we go under 1.24. "Quote me" we will see.
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