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EURUSD

  • #973,241
  • Mar 24, 2015 2:15pm Mar 24, 2015 2:15pm
Quoting ptyforex
{quote} Here are the orders, and the sl... If eu drops 5 pips, it would be a very big profit for me since I was playing pepper with the sl line. {image}
sensing some revenge trading, watch out ptyforex, seldom works.....
Don't be a hero. Don't have an ego. Always question yourself
  • #973,242
  • Mar 24, 2015 2:16pm Mar 24, 2015 2:16pm
Quoting alayinizAMK
Clearly on the way up. Nothing so special about euro dollar looks weak. {image}
hey your chart looks like a pool table.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #973,243
  • Mar 24, 2015 2:18pm Mar 24, 2015 2:18pm
Quoting USD-Bear
{quote} sensing some revenge trading, watch out ptyforex, seldom works.....
You are right about that. It never works, but I am not revenge trading, as I have not opened a new order since the price was closed across. Due to the low liquidity at the moment, i placed the sl at the high of the candle and it has yet to be hit. A close under 1.09161 makes those sells a sure thing to the pivot. I have since close the larger order for 1.5 pip profit. So that order alone will cover the open orders should the sl get it
5% a day keeps the 9 to 5 away.
  • #973,244
  • Mar 24, 2015 2:21pm Mar 24, 2015 2:21pm
Quoting ptyforex
{quote} You are right about that. It never works, but I am not revenge trading, as I have not opened a new order since the price was closed across. Due to the low liquidity at the moment, i placed the sl at the high of the candle and it has yet to be hit. A close under 1.09161 makes those sells a sure thing to the pivot. I have since close the larger order for 1.5 pip profit. So that order alone will cover the open orders should the sl get it
ah, ic, gl
Don't be a hero. Don't have an ego. Always question yourself
  • #973,245
  • Mar 24, 2015 2:22pm Mar 24, 2015 2:22pm
Quoting GlobalMacro
{quote} Make it shake baby :-P must be lotsa weirdo chicks the town you're from... you from the Valley by any chance?
does not matter as long as they look cute
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #973,246
  • Mar 24, 2015 2:27pm Mar 24, 2015 2:27pm
Quoting GlobalMacro
{quote} Make it shake baby :-P must be lotsa weirdo chicks the town you're from... you from the Valley by any chance?
those creatures do not go on my iggy list
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #973,247
  • Mar 24, 2015 2:27pm Mar 24, 2015 2:27pm
Hello all.I have a meeting with Jordan Belfort (The real Wolf in Wall Street) in Sofia/Bulgaria (400 Euro ticket) April 7.When meeting is over i will tell you what he tells us.I'm em so happy.Have a nice trading in coming weeks.
  • #973,248
  • Mar 24, 2015 2:40pm Mar 24, 2015 2:40pm
Quoting ffleo
{quote} does not matter as long as they look cute
Then that's the right spot for ye , good luck (and don't forget to kiss your sanity good bye :-P))
Hear the music before the song is over ...
  • #973,249
  • Mar 24, 2015 2:41pm Mar 24, 2015 2:41pm
Mmmm no swing high on the EU... not a nice close under the 10900 mantle... We could be going anywhere from here... News driven.. Obviously I would like the long to continue...but hey the system says I sit on my hands... so thats all for now... lol GL everyone with whatever your position is.. The forex gods in play!
  • #973,250
  • Mar 24, 2015 2:43pm Mar 24, 2015 2:43pm
Quoting ffleo
{quote} hey your chart looks like a pool table.
I called this template "the casino"
  • #973,251
  • Mar 24, 2015 2:53pm Mar 24, 2015 2:53pm
The EUR/USD failed to break the psychological resistance 1.1000 and consolidate under the resistance.
  • #973,252
  • Mar 24, 2015 2:54pm Mar 24, 2015 2:54pm
Quoting fxtyrant
{quote} Goldfinch? Atilla? Nfp?
Just thought I would mention..as I see you are taking heat for the draw down... I actually trade my system with a SL with a draw down position of 10%... as I risk 10%... that said the trades benefit from the lots in play... of winning trades. So your 9% draw down would of ment nothing to me too... since 2010 my records show profits of over 6400%... so I know it works..really well! And thank you for sharing your trade explorer.. We are all big boys here no one is making us do anything...unless we wish to do so... "let him without sin cast the first stone" just thought it was a fitting comment... Nothing speaks louder than consistent results... Oh yea, and just for clarity I have absolutely no idea what im doing, and Im good with that..
  • #973,253
  • Mar 24, 2015 3:02pm Mar 24, 2015 3:02pm
Quoting buttons
{quote} Just thought I would mention..as I see you are taking heat for the draw down... I actually trade my system with a SL with a draw down position of 10%... as I risk 10%... that said the trades benefit from the lots in play... of winning trades. So your 9% draw down would of ment nothing to me too... since 2010 my records show profits of over 6400%... so I know it works..really well! And thank you for sharing your trade explorer.. We are all big boys here no one is making us do anything...unless we wish to do so... "let him without sin cast...
"Like"
  • #973,254
  • Mar 24, 2015 3:05pm Mar 24, 2015 3:05pm
Quoting ptyforex
{quote} You are right about that. It never works, but I am not revenge trading, as I have not opened a new order since the price was closed across. Due to the low liquidity at the moment, i placed the sl at the high of the candle and it has yet to be hit. A close under 1.09161 makes those sells a sure thing to the pivot. I have since close the larger order for 1.5 pip profit. So that order alone will cover the open orders should the sl get it
do you expect it to travel towards pivot now or during the Asian session.
  • #973,255
  • Mar 24, 2015 3:15pm Mar 24, 2015 3:15pm
Quoting sisse
{quote} IMO, you are looking at the whole FA issue from the wrong perspective. It's not the tools you use but how and why do you use them. If tomorrow i give you access to the most advanced Hadron Collider (currently in Geneva ...dont ask random example so just google it... ) and tell you ok do something with it... You will end up doing the same as I and 99.99% of the people in the world: Fck all . Because we don't have a clue what to do with it. While in the right hands (e.g some physics nobel prize, etc ) its guarantee they will use it for...
Ghost Rider - WWTBMD?
  • #973,256
  • Mar 24, 2015 3:22pm Mar 24, 2015 3:22pm
Quoting sisse
{quote} IMO, you are looking at the whole FA issue from the wrong perspective. It's not the tools you use but how and why do you use them. If tomorrow i give you access to the most advanced Hadron Collider (currently in Geneva ...dont ask random example so just google it... ) and tell you ok do something with it... You will end up doing the same as I and 99.99% of the people in the world: Fck all . Because we don't have a clue what to do with it. While in the right hands (e.g some physics nobel prize, etc ) its guarantee they will use it for...
Thanks for explaining, Sisse.

But the great question isn't answered yet. The question was: how in hell can not even the economists at the FED agree, if a strong USD is good or bad for economy? If they can not even agree on that, how can they agree on other topics which may be way more complicated?

And the other question which I find intriguing:

many economists still think, that the value and direction of a currency-pair can be determined by observing yield-differentials.It is something that sounds logic and obvious. But as Rogoff and others found in their studies, it is really a poor tool to determine just that. And the question than is: why do so many ignore this great findings?


The questions lastly are not aimed at saying that proper FA will not work. They are aimed at asking, why even economists can not agree on the use and interpretations of the tools.
  • #973,257
  • Mar 24, 2015 3:35pm Mar 24, 2015 3:35pm
Quoting kenfen69
{quote} Coin toss? Heads can be a bitch, though! {image}
True ... unless of course the b*tch in question gives (good) head which makes it a completely totally different coin toss ...
Hear the music before the song is over ...
  • #973,258
  • Mar 24, 2015 3:46pm Mar 24, 2015 3:46pm
Quoting TradeForexFx
{quote} do you expect it to travel towards pivot now or during the Asian session.
Honestly, I would like for it to move there now, but I have taken profit so I no longer am watching it. With the formation EU has formed on the 5m since the drop down, and the slight bounce up from the main pivot EU SHOULD drop down to the main pivot before moving up 35 pips. As of right this moment, I would be holding the EU sell. I would ditch the sell once EU closes across 1.09268 based on my calculation on the 5m.
5% a day keeps the 9 to 5 away.
  • #973,259
  • Mar 24, 2015 3:56pm Mar 24, 2015 3:56pm
NZDUSD
Monthly pointing higher as weekly found support.
Daily Bfly 1.27 + MR1 at 0.7725 should offer some resistance, after that 0.7816 is 1.618 Ext + MR2, finally 0.80 for double bottom target.
I expected retracement to 0.74 area close to WPP + MPP to add entries, that hasn't happened yet.
Currently price at WR1, retracement could start from here as well, these are the levels that should be in play in the next sessions.
Posted M1 and D1 charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSD mONTHLY ABCD.png Size: 47 KB
Click to Enlarge Name: NZDUSD DAILY BFLY SELL.png Size: 48 KB
We watch the charts from every angle so you don't have to!!
  • #973,260
  • Mar 24, 2015 3:58pm Mar 24, 2015 3:58pm
Quoting infinitus
Thanks for explaining, Sisse.

But the great question isn't answered yet. The question was: how in hell can not even the economists at the FED agree, if a strong USD is good or bad for economy? If they can not even agree on that, how can they agree on other topics which may be way more complicated?
A Central Bank is not a single dictator dictating policies as he/she wish. In the case of the FED, Yellen is just the "Chair of the Board of Governors of the Federal Reserve System". Obviously she has a lot of leverage because she is the voice of the FED but the decision are based on the discussion of all the complex technical issues in monetary policy and with all the macroeconomic reports on top.

They DONT AGREE because THATS is the EXACT reason there is a BOARD not a single person digesting all the data and making all of the decision.

Its suppose to be like that so you have as much and as wide and deeper views as possible so the monetary policy is the most appropriate. Its a BOARD, thats why on the minutes or the BOE the ECB conference,etc we ARE ALWAYS paying attention if there was consensus in a decision or how many hawks/dovs were in each decision.

It work the same as the Supreme Court of Justice in a country, the top judges receive a case and they most of time can disagree in the outcome WITH THE SAME FACTS , the important thing is that their reach the closes and most sound decision as WHOLE!!!!!>

Quote
And the other question which I find intriguing:

many economists still think, that the value and direction of a currency-pair can be determined by observing yield-differentials.It is something that sounds logic and obvious. But as Rogoff and others found in their studies, it is really a poor tool to determine just that. And the question than is: why do so many ignore this great findings?

Because you are reading studies on Economic implications of interest rate and not STUDIES in interest rates and trading. It is extremely hard to make a perfect useful econometric regression if rates differentials and trading because rates differentials are play via expectations not by facts. What it means buy the time hikes/cuts and static differentials in time are in charts the majority of the moves are already digested.

In simple words and as example right now we already traded (we are trading) the meat of the first FED hike and the corresponding differential on the ECB for Q3 2015 but by the time the hikes comes the reference point for a economic study will not reflect the actual impact on expectations of the last 8 months or so....

Quote
The questions lastly are not aimed at saying that proper FA will not work. They are aimed at asking, why even economists can not agree on the use and interpretations of the tools.

For the same reason Doctors, Quantum Scientists, Lawyers can't in some issues or if you want to make it even simpler, you and me could not necessarily agree that the fair price I or you would be willing to pay for a Ferrarri even if the current price is already set by the market.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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