Hello all,

I've been reviewing graphs and charts and reading comments on EUR/USD. Today, 21/February/2008, I see that EUR/USD did touch > 1.4830 as mentioned by many ProTraders in the forum here and the numbers were hit on at around you can say the exact area. My question is, how were they able to predict the exact area? The only conclusion I come up with to this is the resistance line of the 04 of February 2008 high of 1.4834. Thank you for your assistance in this.

Hi to everyone,

I am have traded for some time now and have my own ups and downs. Read between the lines.. Ups is 3 characters and Downs is 5 characters. So, for every 3 profitable trades that I made, I also ended up with 5 loss making trades. While I kept on learning all the while from my moves, I felt that if someone had explained me all those details with examples, then I might have been better off now..

So, could someone please provide me examples (with clear numbers) for any currency pair that you like or have experience with (preferably GBP/USD if you have exposure) ?

Basically, I would like to know all the basic recommendations like "Flat On A Failure", "Buy A Break", "Sell a Failure", "Buy A Bounce", "Cover On A Bounce", etc. I would also like all these basics explained, WITH CLEAR EXAMPLES AND CLEAR NUMBERS. I do not want these explanations as mentioned in the "Thomson Financial’s IFR Forex Watch" guide. But I would rather prefer individual experiences.

If anyone can provide me this info, I would really appreciate it.

Thanks
Greystone.

Hi Kathy & Boris,

1. I've been using perfect order of moving averages method of deciding trend ( 10, 20, 50, & 200). Using this method the trend can be indicated as rising on the daily chart, but falling on the hourly (and other time frames in between). In this case do you go by the longer time frame or must all time frames agree with each other? Or is it trendless and rangebound?

2. Is there a correlation between the oil price and EUR/USD? because the charts look very similar?


Thanks for your answer.

Here are our responses to this week's questions!

http://forex.acrobat.com/p23089224/

Hi,
I'M new with forex , Plz i need more info explain about SSI and sentimental analysis
Thanks

It looks like my first question was not answered from last Friday, but thats fine I've figured it out.

Though, what does this statement below mean or what was this person saying? I don't quite understand this.

"I personally have gone short at 1.5130 with looking to take profits at
1.4990."

what about the open trade with usdchf? when stop low trade? i have open long trade at 1.0732 with 1.05 stop, what do yuo think that happend with this pair?

attn:FX instructors
.
I am encountering a common problem that traders may face during the course of thier career . At certain stage , traders, based on appropriate knowledge, may become good on discerning the trend of the market , but they terribly lack the proper timing of market entry and exit ( as most of their positions are incorrectly timed ).
.
upon reviewing charts , i could easily figure out how i have missed a number of profitable opportunities which should have been to my advatage if i correctly jump in time and take a positition .
.
i am trying these days a backtesting strategy for certain methods like using MACD or crossover of three moving averages etc , that i thought as somehow may help in identifying correct entry and exit points.
but i dont know if this gonne be fruitful .
.
.
i believe that such a case of mine is quite common for you and you have come across a similar one .
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i would be obliged to receive your suggestions , recommendations and or remedies so as to assist me pull myself out of this dilemma .
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thanks and Best regrd
apadi77

Hello
I would like to ask why CADCHF burst upwards this past Wednesday 5/03/08 at 16:00 when the fundamental announcement for USD ISM Non-Manufacturing Composite was released. I mean, USD is not in the currency pair CADCHF. So, in my opinion, I do not see the relation between the fundamental announcement I mentioned and the big move in CADCHF.
I look to seeing your replies to my question soon.
Thanks a lot in advance.

Plaese provide a source for the study of crosses. I recently started demo trading some of the none USD pairs, please provide the name of a book, web sight, or other where I may gain an understanding of the crosses and market factors which influence them.

Thanks,
Joe

Looking at this chart. What position would you take? and why?

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We Answered Your Questions!

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Could you explain, in english, what does the following mean to me as a currency trader? - - 'EUR/USD Stops below 1.5310 and above 1.5375. USD/JPY Very large stops below 101.00 and smaller stops above 103.25. GBP/USD Stops below 2.0065 and stops above 2.0220. AUD/USD Stops below 0.9220 and above 0.9380.' ???!!!

I was in a hedged position, i.e. in buy and sell positions for eur/jpy, but I noticed that during the rollover, i received negative rollover for the sell position even though the sell position was in the positive (for a gain) and the buy position was in a negative position (for a loss) but received a positive rollover. What happened?

Hi,

On 1-25-2008 FXCM produced an article on EURUSD as per the attached chart indicating that "price should remain above 1.8510" but "is likely to remain above what is the low of the month so far at 1.8734". It subsequently fell to 1.8188 on 2-25-2008 prior to heading up. Did you get the wave wrong in this article or how could the Elliott wave date be applied now?

Thanks

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