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08-16-2009, 04:45 PM
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Heres the daily chart
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08-16-2009, 05:06 PM
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1hour chart, I was following last week,
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08-16-2009, 05:13 PM
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Types of Traders.... ???
Do most of you guys here hold Long positions or do you trade interday?
I see a lot of long term charts; not sure how that helps 'daytraders'!
Just curious!
JK.
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08-16-2009, 05:18 PM
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Quote:
Originally Posted by JKnPA
Do most of you guys here hold Long positions or do you trade interday?
I see a lot of long term charts; not sure how that helps 'daytraders'!
Just curious!
JK.
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if you dont formulate your trade plan starting from the higher TF's then you will never prosper in this business for very long no matter what TF you trade from
it begins off the daily during the week and the weekly come the weekend, without a trade plan you are gambling not trading. You need direction and that only comes from a higher TF.
__________________
Don't Chase the market let the market come to you
Last edited by CodyB; 08-16-2009 at 05:23 PM..
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08-16-2009, 05:26 PM
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Time frames......
Quote:
Originally Posted by CodyB
if you dont formulate your trade plan starting from the higher TF's then you will never prosper in this business for very long no matter what TF you trade from
it begins off the daily during the week and the weekly come the weekend, without a trade plan you are gambling not trading
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Yes, I understand that.........thanks.
What I was getting at was with the 'market volatilty' being high, how helpful are the longer time frame charts, if you trade interday. That is why i ask about what type of traders are you. Do most of you hold 'overnight' positions, or trade 'interday'.
Jk. |
08-16-2009, 05:37 PM
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JKnPA,
As far as I know most people on this forum are Intraday Traders and do not like to keep positions open for over-night. I do some Intraday (only if there is a big move) but most of trades are Long Term based on 4H TF but as Cody said, I start my Trend Analysis from Monthly down to Weekly and Daily and reach to 4H for any entry and exit. Longest position I've hold is for 39 days.
Quote:
Originally Posted by JKnPA
Yes, I understand that.........thanks.
What I was getting at was with the 'market volatilty' being high, how helpful are the longer time frame charts, if you trade interday. That is why i ask about what type of traders are you. Do most of you hold 'overnight' positions, or trade 'interday'.
Jk.
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Cody, very well said  . I remember I read the following on a forum and truly loved it ...
"If you're trading without a system, STOP TRADING"
Quote:
Originally Posted by CodyB
without a trade plan you are gambling not trading
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08-16-2009, 05:40 PM
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SterlingBull
Hi, SterlingBull. What is the lines on your chart that go the opposite direction of price actions? How is it being used? Just curious. Thanks.
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08-16-2009, 05:49 PM
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Quote:
Originally Posted by Franosh
Hi, SterlingBull. What is the lines on your chart that go the opposite direction of price actions? How is it being used? Just curious. Thanks.
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Its just the price action of Dollarswiss, if it falls/rises Eurodollar does oppisite, most of the time, since they are not 100% correlated
So you could go long EuroDollar and short Dollarswiss for example, like last week, or Dollarswiss long, Euroshort, like the week before |
08-16-2009, 05:54 PM
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Quote:
Originally Posted by asherewt
JKnPA,
As far as I know most people on this forum are Intraday Traders and do not like to keep positions open for over-night. I do some Intraday (only if there is a big move) but most of trades are Long Term based on 4H TF but as Cody said, I start my Trend Analysis from Monthly down to Weekly and Daily and reach to 4H for any entry and exit. Longest position I've hold is for 39 days.
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Ok..... Thank you, I was trying to get an idea on the trading style of the posters here, and understand the charts. As I stated initially, I have been 'virtual trading' the major pairs for 4 months. I would say I am about 'Even' during that time period.
JK. |
08-16-2009, 05:56 PM
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Join Date: Jul 2009
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Quote:
Originally Posted by JKnPA
Yes, I understand that.........thanks.
What I was getting at was with the 'market volatilty' being high, how helpful are the longer time frame charts, if you trade interday. That is why i ask about what type of traders are you. Do most of you hold 'overnight' positions, or trade 'interday'.
Jk.
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I'm intraday but use the longer term time frames to better define the risk of being long or short in response to daily volatility. |
08-16-2009, 06:18 PM
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Heres 4hr chart
Nothings cast in stone of course
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08-16-2009, 08:01 PM
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Quote:
Originally Posted by twinkle
"Colonial BancGroup becomes biggest bank failure of 2009"
How bad will this affect Eur/Usd in the coming days? Anyone have any ideas?
Cheers!
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Who the heck cares as long as Golman Sachs survives? |
08-16-2009, 08:14 PM
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Quote:
Originally Posted by rickos69
Dollar Will Rise and Punish Assets: Marc Faber
Published: Thursday, 13 Aug 2009 | 1:47 AM ET By: CNBC.com
A period of weak stock markets and strong dollar is likely to come after the strong rally in developed and emerging markets alike, Marc Faber, the author of "The Gloom, Doom and Boom Report," told CNBC.
Emerging markets have seen even stronger moves since the lows hit last year and in the spring of this year, Faber said.
China's stock market bottomed out in October last year and has recently shown signs of weakness, while Russia is down 20 percent from the peak, he added.
"I expect now for the next couple of months a period of a recovering dollar and weak assets," Faber said. "A strong dollar means global liquidity tightening."
The dollar will strengthen because the US economy is the least cyclical, but developing countries are more exposed.
"In a scenario where growth will be disappointing, I think emerging markets are vulnerable. I think we had huge increases in stock prices, a lot of markets have doubled in price," he said.
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Well....I am glad Marc finally came around to my view!
There are a few things I find interesting. Every major CEO here and abroad says that European businesses are not making any capital investments. They are selling products into Asia but not Europe.
And I find it curious that retail sales and consumer sentiment can be terrible in the U.S. yet European stock markets as well as their currencies are very strong. These things do not make sense to me. It seems like this cannot go on forever given how important the U.S. consumer is to the world economy.
And isn't it interesting that Europe GDP wise is pulling out ahead prior to the U.S. yet the EURUSD has fallen on that GDP number? Up is down, down is up. None of it makes any sense to me.
U.S. foreclosures are being absorbed by investors improving the home sales numbers and even bumping up sales prices. Normally icreased homes sales would lead to increased retail sales as consumers buy home goods, but not true if homes are being bought by investors.
So once again you have to ask if decoupling from the U.S. economy is possible or just another fairy tale?
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08-16-2009, 08:40 PM
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Join Date: Jun 2008
Posts: 1,400
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Quote:
Originally Posted by qed
Who the heck cares as long as Golman Sachs survives?
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EEEEEHHHHAAAAA! The QED man is back!!!!!
__________________
Live Long And Prosper!
Rickos.
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08-16-2009, 08:42 PM
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Join Date: Jun 2008
Posts: 1,400
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Quote:
Originally Posted by qed
Well....I am glad Marc finally came around to my view!
There are a few things I find interesting. Every major CEO here and abroad says that European businesses are not making any capital investments. They are selling products into Asia but not Europe.
And I find it curious that retail sales and consumer sentiment can be terrible in the U.S. yet European stock markets as well as their currencies are very strong. These things do not make sense to me. It seems like this cannot go on forever given how important the U.S. consumer is to the world economy.
And isn't it interesting that Europe GDP wise is pulling out ahead prior to the U.S. yet the EURUSD has fallen on that GDP number? Up is down, down is up. None of it makes any sense to me.
U.S. foreclosures are being absorbed by investors improving the home sales numbers and even bumping up sales prices. Normally icreased homes sales would lead to increased retail sales as consumers buy home goods, but not true if homes are being bought by investors.
So once again you have to ask if decoupling from the U.S. economy is possible or just another fairy tale?
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And they all lived happily ever after.
__________________
Live Long And Prosper!
Rickos.
Last edited by rickos; 08-16-2009 at 08:47 PM..
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