- #53,483
- Dec 14, 2014 12:15pm Dec 14, 2014 12:15pm
- Joined Nov 2006 | Status: Sting | 1,049 Posts
{quote} Keeping in mind also that there are overtime the fundamental group of the buyers and the one of the sellers. For instance, in the case of USD/JPY, the "buyer" group are looking at the continuing of the US economic and FED forces to apply and the ABE politic to be pursuing. The "seller" group is looking at a possible pullback of the USD because of an over stretched situation and because of the end of the year, a possible disapointment of Yellen / FED in the statement, and an eventual disappointment of the ABE agenda so the expectation of...
In my case i give importance to Elliot waves, Fibs, S&D and Candle stick patterns . That's all what matters . Put your TP and SL. Check the charts every 4 hours, have an occasional Beer, go fishing and live life
( btw 4th waves are the best time to go fishing) !!
STING
- #53,484
- Dec 14, 2014 12:16pm Dec 14, 2014 12:16pm
{quote} Neither .... In my case i give importance to Elliot waves, Fibs, S&D and Candle stick patterns . That's all what matters . Put your TP and SL. Check the charts every 4 hours, have an occasional Beer, go fishing and live life
- #53,485
- Dec 14, 2014 12:21pm Dec 14, 2014 12:21pm
{quote} Neither .... In my case i give importance to Elliot waves, Fibs, S&D and Candle stick patterns . That's all what matters . Put your TP and SL. Check the charts every 4 hours, have an occasional Beer, go fishing and live life
- #53,488
- Dec 14, 2014 12:33pm Dec 14, 2014 12:33pm
{quote} I am flat in my live account. Standing aside until i see the opening price . The account you see is a $200,000 demo account with Alpari and sometimes i use GCI Mt4 demo as well where i am doing a test of EA with relative currency strength. I am biased short so i took that position when the market was volatile. I will be taking another short at the technical levels mentioned in the chart that you saw. I can afford to lose money in demo, so i go a bit crazy
Thank you. I understand. Satisfies the itch to trade, but doesn't hurt.
- #53,490
- Dec 14, 2014 1:07pm Dec 14, 2014 1:07pm
- Joined Nov 2006 | Status: Sting | 1,049 Posts
{quote} And do you focus first of all on USD/JPY or do you trade as many markets where you see what correspond to your system?
So i am bullish on EU. GU has to break out of a range so i am ignoring it for the moment.
Bearish on Usd/CHF and USD/JPY.
I Don't trade commodity currencies (usd cad, AU and NU)to a large extent but itchy fingers makes me do that as well at times
I do trade commodities though (gold and oil).
the system is universal. as long as a chart is provided, you can trade it.
STING
- #53,493
- Dec 14, 2014 1:29pm Dec 14, 2014 1:29pm
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
Lesson #4, demo money is moving the market 
- #53,494
- Dec 14, 2014 2:23pm Dec 14, 2014 2:23pm
- | Joined Nov 2013 | Status: Trader | 1,222 Posts
Lol 
Lesson #4, demo money is moving the market
- #53,495
- Dec 14, 2014 2:50pm Dec 14, 2014 2:50pm
{quote} Oh you got me !i really was not aware of last year's election . but the really really current affairs, i do breeze through. Not much into news or fundamentals if you have noticed so far or maybe you didn't. I put charts up and not links to news sites. maybe i should brush up on my fundamental readup as well . I am close to 50 years old and it's nice to see young people stalking my posts for finding some errors especially after waking up with my cuppa from an afternoon snooze.
String,
I look at both. Obviously there is a lot of noise but big news events provide great trading opportunities to enter. The can also correlate with trend and a currencies outlook.
I post technical charts and I look at long term fundamentals.
My bias is obviously more towards technicals but your as your basing trades on probability and not fact I think it's important to cover the basics of both technicals and fundamentals in the markets.
Also neither one is totally right and neither is totally wrong. With Oil dropping (fundamental) it provides opportunity to trade indicies, commodities or other currencies which are impacted in my view.
That is just me. Plenty of people just look at price and that is fine. Just what works for you and as long as you make consistent money who is to argue.
- #53,496
- Dec 14, 2014 2:51pm Dec 14, 2014 2:51pm
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
Market mood has to change for this pair to rally (unlikely in the short time & FOMC on the dollar side) - otherwise wait and see if 117.50/118.00 will provide support .....
- #53,498
- Dec 14, 2014 2:55pm Dec 14, 2014 2:55pm
- Joined Apr 2014 | Status: Scalper / Swing Trader | 1,417 Posts
