| Author: |
[Investments] Topic: Wake me up when September ends...FOREX |
|
MontanaMax |
 View Space | Friends | Playbook | My Sportsbook: 5Dimes | |
Prospect
Joined: Nov 2008
Posts: 473
Location: Pennsylvania |
#101 Posted: 10/27/2009 8:41:02 PM
I got my own problems too
Sucks there's only 24 hours in a day and not more so I have more time to catch up
Long day and short night - at least I head up to NY tomorrow for work so I can catch up with Bloomberg and get a gist of what's cooking out there from the different anlges - oh yeah and give it to those Nyy fans too - haha
You'll get it back in no time - and for me too it will over time
Its marathon not a sprint
Man......... - Wallstcappers
Wish I could be in game shape by research wise through prepping over techinicals to catch that sell off
Wonder what the fundamentals are saying
Blind for now but its cool though
 ...............
|
|
quote |
|
bucknuts |
View Space | Friends | Playbook | |
Captain
Joined: Oct 2005
Posts: 7817
Location: United States |
#102 Posted: 10/28/2009 5:55:04 PM |
|
quote |
|
MontanaMax |
View Space | Friends | Playbook | My Sportsbook: 5Dimes | |
Prospect
Joined: Nov 2008
Posts: 473
Location: Pennsylvania |
#103 Posted: 10/28/2009 10:17:05 PM
Plus their currency is tied heavily to oil and natural gas cause of their reserves
Think maybe the USD was oversold short term now showing slight strength combined with today's petro inventory reports showing soft demand
But still things add up to be neural or sell on the USD so oil producing nations could counter their currencies to hedge
Didn't check but word was maybe up to .25% which was priced in already but maybe up to .50%
Anyway there seems to be strength from the fundamentals for them
I know its not a major pair or anything but macro speaking Australia and India raised their rates too to combat upcoming inflation
Just USD and EU seem to lag with their currencies but concesus is that most central banks look to raise rates with in the coming quarters so there could be support lining up on the charts maybe
Just don't have time look at them
|
|
quote |
|
bucknuts |
View Space | Friends | Playbook | |
Captain
Joined: Oct 2005
Posts: 7817
Location: United States |
#104 Posted: 10/29/2009 5:24:21 AM |
|
quote |
|
bucknuts |
View Space | Friends | Playbook | |
Captain
Joined: Oct 2005
Posts: 7817
Location: United States |
#105 Posted: 10/29/2009 10:28:01 AM  |
|
quote |
|
|
|
bucknuts |
View Space | Friends | Playbook | |
Captain
Joined: Oct 2005
Posts: 7817
Location: United States |
#106 Posted: 11/1/2009 7:39:14 PM Still holding here....Invstmnt Bnks said Thurs to go long/buy this ppair......hoping it pops enough to get me out
|
|
quote |
|
bucknuts |
View Space | Friends | Playbook | |
Captain
Joined: Oct 2005
Posts: 7817
Location: United States |
#107 Posted: 11/1/2009 7:43:36 PM Reading through several sites the experts think we see 129 in AUD/NZD...about 300 pips away.....
EUR/GBP looking to see 92 again in the coming days...... |
|
quote |
|
bucknuts |
View Space | Friends | Playbook | |
Captain
Joined: Oct 2005
Posts: 7817
Location: United States |
#108 Posted: 11/2/2009 8:42:04 AM made a nice 25 pips in EUR/GBP.........pissed i set a limit
Just need AUD to keep rising for me here...not going to sit on the sidelines this week while holding this pair i didnt get any trades in last week not doing that again |
|
quote |
|
wallstreetcappers |
View Space | Friends | Playbook | |
Covers Linesmen
Joined: Feb 2003
Posts: 47614
Location: United States |
#109 Posted: 11/2/2009 2:54:02 PM
Are there any indicators which track a percentage move outside a moving average versus historic mean?
So say the EU.LB gets either above or below its moving average, I think it would be valuable to track how far on a percentage basis it is above or below the MA in relation to the chart in question and that could determine an overbought/oversold condition better than say RSI or CCI.
RSI is a calculation of trading relative to the previous periods, not relative to a moving average...
|
|
quote |
|
bucknuts |
View Space | Friends | Playbook | |
Captain
Joined: Oct 2005
Posts: 7817
Location: United States |
#110 Posted: 11/2/2009 8:36:08 PM Wall i really dont know...as long as ive been doing this i really havent looked at other indicators....i mean ive thrown up the Williams% and tried stochs on my charts...but none of them are concrete as far as giving me a top or bottom...i just have to stick to my own rules and id be fine...i shouldnt be in AUD now!!!
I have been reading up on Elliott wave trading and i think when i switch to daily chart trades this is what ill be using to find trades..the forum over at dailyfx.com with the instuctors is really awesome..ive asked several questions and actually had email converations with a few folks over there..
Im pretty upset with myself for not getting more AUD at the 89 level and ive had two shots at it..most of what ive read last few days they are thinking we see 92 maybe even 93 again this week.......ive taken off my limit and im going to make this trade pay me for missing all of last week...id like to get at least 92.60s but we will see where she goes next few days....
Sorry for taking so long to respond im still on nights and actually getting ready to walk out the door right now...ill be home around 6am and will be looking for another trade |
|
quote |
|
wallstreetcappers |
View Space | Friends | Playbook | |
Covers Linesmen
Joined: Feb 2003
Posts: 47614
Location: United States |
#111 Posted: 11/2/2009 8:49:07 PM
Let me know how you like Elliot Wave trading..
I dont care for it because there are too many excuses and reasons for some pattern not working out.
|
|
quote |
|
bucknuts |
View Space | Friends | Playbook | |
Captain
Joined: Oct 2005
Posts: 7817
Location: United States |
#112 Posted: 11/3/2009 7:09:53 AM Yeah Wall thats something i dont like myself...watched some webinars and read several threads on other sites and i think that could be a problem...looking at longer term charts those failures could be huge moves...
Watching my pair here gonna be forced to act here soon getting close to 89 again |
|
quote |
|
rick3117 |
RSI  |
All-Star
Joined: Mar 2006
Posts: 11952
Location: West Virginia |
#113 Posted: 11/3/2009 7:33:31 PM
Do you guys ever use FIb levels?
|
|
quote |
|
wallstreetcappers |
View Space | Friends | Playbook | |
Covers Linesmen
Joined: Feb 2003
Posts: 47614
Location: United States |
#114 Posted: 11/3/2009 9:44:06 PM QUOTE Originally Posted by rick3117:
Elliot wave gets totally screwed by the news.
Do you guys ever use FIb levels?
I do..but it is also subjective..Ive seen fib levels hold, and not hold..full retracements and more..
All these strategies have holes..every one of them.
|
|
quote |
|
bucknuts |
View Space | Friends | Playbook | |
Captain
Joined: Oct 2005
Posts: 7817
Location: United States |
#115 Posted: 11/4/2009 6:18:30 AM Just got to have some balls and the cash to back it up...all there is to it All these systems have flaws but if you can tough it out you get to stack the cash |
|
quote |
|
rick3117 |
RSI |
All-Star
Joined: Mar 2006
Posts: 11952
Location: West Virginia |
#116 Posted: 11/4/2009 9:13:43 AM 
anyone have a broker that lets them take gold against currencies?
-FOMC later today
|
|
quote |
|
bucknuts |
View Space | Friends | Playbook | |
Captain
Joined: Oct 2005
Posts: 7817
Location: United States |
#117 Posted: 11/4/2009 7:47:22 PM  |
|
quote |
|
bucknuts |
View Space | Friends | Playbook | |
Captain
Joined: Oct 2005
Posts: 7817
Location: United States |
#118 Posted: 11/5/2009 8:21:26 AM http://fxaprendizpublic.wordpress.com/
http://www.fxroom24.com/viewforum.php?f=4&sid=d070ad2c20b9db9cc4af3be63000b240
Few more sites to look at |
|
quote |