Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

Originally Posted by Hamid2010

Hello this is Hamid from Pakistan. Newly registered though have been visiting this site for a while...

Good luck in your trading.

Hi Hamid, trading with real $$ or demo? Is it legal in Pakistan to remit money to margin accounts?

Today was the last Scalping the Forex Active Trader Room.
CLICK HERE TO WATCH THE LAST VIDEO

I will be on a short vacation from Friday, September 3 to Monday September 6th.

I will return on Tuesday, September 7th!

Have a great weekend Traders!

Originally Posted by Gregory McLeod

Today was the last Scalping the Forex Active Trader Room.
CLICK HERE TO WATCH THE LAST VIDEO

I will be on a short vacation from Friday, September 3 to Monday September 6th.

I will return on Tuesday, September 7th!

Have a great weekend Traders!

Have a good vacation. See you again at the forum

Thanks

Originally Posted by t3t4

.....I never said that SMA's and/or RSI were the same thing....

I think you did say it. You also said that RSI and SMA will give the same end result. Repeatedly. See below quotes:

Originally Posted by t3t4

.... I will gladly post "PROOF" that SMA's will do the same damn thing on the chart..........

Originally Posted by t3t4

.....Show me your current chart with Twin RSI, give me 10 minutes to set up the same using SMA's and another 5 maybe to post the proof. .....

Originally Posted by t3t4

.....But SMA's will do the same thing .....then SMA's are a simple and accurate alternative to "twin RSI" which can give the same end result. ....

Originally Posted by t3t4

.....To duplicate:Find your favorite TWO SMA's (simple moving averages) and there you go, the equivalent of RSI with no programming required! ...

SMA to RSI is like saying a Le Car http://1.bp.blogspot.com/_leoGYAeiH44/TCQpoWsdFdI/AAAAAAAAKck/HXPrWmis4Lc/s1600/R5_LeCar_Canada.jpg, a Yugo http://www.mirafiori.com/~courtney/128/corral/milenovic/milenovic_yugo_03.jpg or a Festiva http://static.cargurus.com/images/si...-pic-8913.jpeg are close enough to a Mercedes CLK gtr http://www.theautoabc.com/wp-content...usine_02_m.jpg because they all have four wheels and operate on the same principles and you will get the same end result. From point "A" to "B".

RSI and SMA do NOT give the same end result.

TAfool

Haven't posted in the past couple of Days because I'm right back where I was when I opened My short on Tuesday for 1.2795.
I asked the Madaam what was going on. She said Crystal Ball still cloudy but Cloud seems to be disapating toward the bottom of the Ball. I hope She's right.

Quite a disscussion going on recently about RSI's vs Moving averages. Gives Me a brain Cloud.

Happy Trading, if We ever get any action. LOL

Hello, i'm new to this forum
as far as i heard and found out on my own xprience, sma's and rsi's are used quite in different situations depending on volatility, so they can't be quite the same.
would really apreciate if you point out on my wrong or right speech, since my knowledge of all this is really poor.
thanx. Senja.

Originally Posted by Colly

Lying ?

Show me, then, where the enter/exit signals are please for I cannot see anything to suggest either.

All I see is an averaging of price within the candles.

On 2nd thoughts, I would rather you forget the whole matter.

I have nothing more to say on the issue nor am I interested in what you have to say on it.

Best wishes regardless,

Colly
---

Ohhh brother,,, if you really didn't want me to reply, I would have had nothing to quote...

The question was not a literal one, sorry you took it that way. The question was placed to make one say, ""hmmmm, maybe they do move in like kind"". Either way though, both indicators work and both follow the data which feeds the chart and neither of them are lying and both of them are lagging. I can't spell that out any better, sorry.

The entry/exit for SMA's are on the crossing of the two lines. Enter in the direction of the trend ONLY when the lines cross, exit when they cross again. It's a super simple yes/no, do or do not indicator. That's why I like it anyway.

But I wish someone would "show" me how the EURO can fall when the DOLLAR falls. If that were true (I'm thinking out loud) this pair couldn't exist, it would just be a straight line on a monitor. I will "show" again in chart form below why I cannot understand what some of you are talking about. All this talk of risk on/off, safe haven whatever, it just doesn't help me understand.

This is FOREX, it's all about "risk" and never about "safety". Every single trade is a risky investment! For those who want safety, they should go buy a CD, Bond or maybe even Gold.

But then again, if your house burns down, your Gold will melt away like butter and/or your proof of Bond or CD goes up in smoke. So I guess there's really no such thing a safety in currency.... No matter how you do it, you can still lose it.

Regardless, what I'm "showing" below is the DOLLAR moves in one direction and the EURO moves the exact opposite. If I'm so mistaken about this, then it's not me who's miss-understanding, but rather my chart that is without a clue. I'm only looking at what the chart is telling me and "showing" to you what it "shows" to me. Ever since someone posted it backwards to my understanding of how this pair functions or moves, I've been trying to understand very seriously! Some of you keep telling me I've got it backwards. Well OK, now "show" me please. I'm completely failing to see the proof in text form.

I'm not arguing with anyone, but this whole """because I said so""" mentality just isn't working for me. Please someone "show" me otherwise.

Thank you,

t3t4

Dude have a great time. Do you mind if I take your place in the Scalp-off between you and Mike. lol

Originally Posted by Gregory McLeod

Today was the last Scalping the Forex Active Trader Room.
CLICK HERE TO WATCH THE LAST VIDEO

I will be on a short vacation from Friday, September 3 to Monday September 6th.

I will return on Tuesday, September 7th!

Have a great weekend Traders!

Originally Posted by TAfool

I think you did say it. You also said that RSI and SMA will give the same end result. Repeatedly. See below quotes:

RSI and SMA do NOT give the same end result.

TAfool

Oh now your just trying to put words in my mouth. Re-read that which you quoted me on, your hearing what you want not reading what I wrote.

Not the same end result huh? Neither tell when to enter or exit a trade??? Not a tool in either case to show money moving over time???

Hmmm, interesting....

Originally Posted by Hamid2010

Hello this is Hamid from Pakistan. Newly registered though have been visiting this site for a while...

Good luck in your trading.

Hi Hamid. Good to know you are from Pakistan. I'm also from Pakistan and Welcome to the Forum.........

GL............

??????????????????????????????????????

Whats up?

I do not think the sma is equal to the twin RSI. The RSI overlay has the ability to "somewhat" predict where the pair is going to move. Take a look at the pics ......Sorry dude.....

Originally Posted by t3t4

Oh now your just trying to put words in my mouth. Re-read that which you quoted me on, your hearing what you want not reading what I wrote.

Not the same end result huh? Neither tell when to enter or exit a trade??? Not a tool in either case to show money moving over time???

Hmmm, interesting....

t3t4..............
i'm glad ur indicators work for you....... Let's leave it to that..............
Shall we get back to trading then...........

GL...

Wow! we just hit t3t4 SMA cross over point. 1.2826
Hint hint!!

Too many people picking on T3t4.
Myself! I sometimes reference Collys 6, 26 RSI's as SMA's. they're not too bad at giving Buy/Sell signals. As for when to take Profit? Used in conjunction with ATR, is a fair scalping method. For the big Moves, open several positions, close one right at the ATR. and follow with a breakeven stop, and keep adjusting.
Here's what the SMA's look like.

Bill

P.S. I use Em on a ten minute chart.