Wazua
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Realities of Forex Investment
Rank: Elder Joined: 3/19/2013 Posts: 2,552
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The market seems fairly 'stable' unlike previous weeks approaching a such an event.Any thoughts on the trend?
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Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi
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symbols wrote:The market seems fairly 'stable' unlike previous weeks approaching a such an event.Any thoughts on the trend? It's the lull before a storm!? Best to keep out till post-Fed
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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tonicasert wrote:symbols wrote:The market seems fairly 'stable' unlike previous weeks approaching a such an event.Any thoughts on the trend? It's the lull before a storm!? Best to keep out till post-Fed Thanx.
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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hisah wrote:alutacontinua wrote:@Ceinz and @Hisah what timeframes do you normally trade???
Got a little lucky on the execution of the USDJPY long I posted yesterday. Price dropped immediately after and we are now back below the weekly S1. I make trades based on the 4hr, daily and weekly timeframes. Most of my trades last for more than a week. Likewise I trade intra-week, holding trades 2-3 days and sometimes more than a week. “small step for man”
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Gold 1300. GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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youcan'tstopusnow wrote:Gold 1300.
Yep. Cracks below 1300. Getting funky and attracting me as it approaches my zones of interest from 1180 down to 1080... Let the sellers get spooked harder and bail from the titanic...
Now waiting for SPX to crack below 1600 and drop to 1450...
Global markets were too overbought.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Gold bloodbath takes mining sector names to 52-week lows http://blogs.marketwatch...-names-to-52-week-lows/
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:hisah wrote:hisah wrote:61.8% fibo retrace after massive selloff is as high as this relief bounce goes. Next down leg coming up. The selling is far from done.  Downside move coming. Caution. Scope still remains lower with 1300 and below breaking down. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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hisah wrote:symbols wrote:hisah wrote:symbols wrote:@hisah - What are your best indicators,if any? I've been watching the forex market on and off but it seems like the market is becoming more consolidated especially in regards to market information and its effects. RSI, ultimate oscillator and volume spread. MACD & Stochastics for trend confirmation. What about economic indicators? I rarely use econ indicators in forex. I wonder how many seasoned traders even the banksters who use econ indicators for the same. This market is too manipulated for those lagging indicators to help you earn profits... Mostly they are used to corner the crowd. Buy the rumour sell the news works well during those econ news events. Clearly.Quite accurate.TA dominates.Thanx.
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Still rocking a demo account but damn,I'm in love.
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Wazua
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Realities of Forex Investment
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