Wake me up when September ends...FOREX

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Author: [Investments] Topic: Wake me up when September ends...FOREX
MontanaMax PM MontanaMax
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quote#101
Posted: 10/27/2009 8:41:02 PM
Ouch Buck......... - with the crib and all
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

...............
bucknuts PM bucknuts
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quote#102
Posted: 10/28/2009 5:55:04 PM
Its all good Max....all i got is time,i could see the drop coming in the daily and weekly charts i dont mind sitting and waiting for it to come back to me,i know it will
MontanaMax PM MontanaMax
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quote#103
Posted: 10/28/2009 10:17:05 PM
Short on time buck with work and my Phills and and other stuff going on but I did catch that Norway raised their benchmark rate on their Kronar
 
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
bucknuts PM bucknuts
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quote#104
Posted: 10/29/2009 5:24:21 AM
Ill be fine just have to wait it out.....ive made several mistakes in this trade but i just got fooled by the charts...if i had stuck to my system i wouldve dipped in again b4 i left for work...being that i averaged once my next spot to buy more woulda been 150 pips from my last average point and id be sitting less than 50 pips down as i type...maybe even better than that i think it was 8960s or so last time i looked at it b4 i left
bucknuts PM bucknuts
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quote#105
Posted: 10/29/2009 10:28:01 AM
bucknuts PM bucknuts
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quote#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

 

bucknuts PM bucknuts
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quote#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......

bucknuts PM bucknuts
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quote#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

wallstreetcappers PM wallstreetcappers
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quote#109
Posted: 11/2/2009 2:54:02 PM
Here is a Q for you buck..

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...


bucknuts PM bucknuts
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quote#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

wallstreetcappers PM wallstreetcappers
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quote#111
Posted: 11/2/2009 8:49:07 PM
buck,

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.
bucknuts PM bucknuts
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quote#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

rick3117 PM rick3117
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quote#113
Posted: 11/3/2009 7:33:31 PM
Elliot wave gets totally screwed by the news. 

Do you guys ever use FIb levels?
wallstreetcappers PM wallstreetcappers
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quote#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.
bucknuts PM bucknuts
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quote#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

rick3117 PM rick3117
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quote#116
Posted: 11/4/2009 9:13:43 AM
Gold is @ 1090

anyone have a broker that lets them take gold against currencies?

-FOMC later today
bucknuts PM bucknuts
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quote#117
Posted: 11/4/2009 7:47:22 PM
Forex.com lets you trade gold vs several currencies....pips not the same though....i couldnt get on this site this morning after my last post made a trade.....there was a cross in almost evey pair
bucknuts PM bucknuts
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quote#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

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