- #662
- Aug 13, 2011 11:56am Aug 13, 2011 11:56am
- | Commercial User | Joined Oct 2010 | 1,778 Posts
hahha, tell me what do you want to hear, and will repeat it
If I 've got it wrong please tell me...If not, as I said, let's leave it at that...
beeb
- #663
- Aug 13, 2011 12:05pm Aug 13, 2011 12:05pm
- | Joined Jan 2009 | Status: Cesco | 1,140 Posts
OK - well you gave some pretty precise predictions and when I questioned about the analysis for this you have basically said that markets do the opposite of what people expect.....
If I 've got it wrong please tell me...If not, as I said, let's leave it at that...
beeb
forex market moves according to pending positions
if for example traders are long USDCHF in a big way from 0.90 to 1, players will try to hit the all the possible stops on the downside, and they will push it down more by using news and different triggers if they realize they can make money as traders are still long even at lower levels
when traders lost faith and patience at 0.70 and they cut their losses or they are massively hit by margin calls with quick and huge moves, the market reverses
hope my point is clear now, I have been doing fx for 7 years, I know is not much but if I am still alive and making money it's probably because I have developed such a market reading
- #665
- Aug 13, 2011 12:53pm Aug 13, 2011 12:53pm
- | Commercial User | Joined Oct 2010 | 1,778 Posts
hope my point is clear now, I have been doing fx for 7 years, I know is not much but if I am still alive and making money it's probably because I have developed such a market reading
Well you only have another twenty-three years to go to catch me up.....as I said, let's leave it at that.
beeb
edit - reading your replies again, you still haven't given any REASONS for what you said. If you would like to see my reasons for past actions look at this post:
http://www.forexfactory.com/showthre...35#post4867435
- #667
- Aug 13, 2011 1:27pm Aug 13, 2011 1:27pm
- | Joined Jan 2009 | Status: Cesco | 1,140 Posts
Well you only have another twenty-three years to go to catch me up.....as I said, let's leave it at that.
beeb
edit - reading your replies again, you still haven't given any REASONS for what you said. If you would like to see my reasons for past actions look at this post:
http://www.forexfactory.com/showthre...35#post4867435
I gave you reasons, but you want to hear something I don't consider in my analysis, I am not a good chartist, your points are interesting, but I don't really understand them deep.
Anyway we agree that we are close to a top, so we play the short side, at least that's something in common
- #669
- Edited 2:45pm Aug 13, 2011 2:33pm | Edited 2:45pm
- | Commercial User | Joined Oct 2010 | 1,778 Posts
far from me to compete with pros...
I gave you reasons, but you want to hear something I don't consider in my analysis, I am not a good chartist, your points are interesting, but I don't really understand them deep.
Anyway we agree that we are close to a top, so we play the short side, at least that's something in common
Ex-pro lol - I have been trading for myself for a number of years
Yeah - no probs.
I am always interested when people come out with specific predictions to hear what their reasons are.
There were some apparently some concerns on another site about people trading off the back of the unsupported assertions of others. I feel that when people make predictions they should be able to provide solid reasons.
Have a good weekend
beeb
- #670
- Aug 13, 2011 3:48pm Aug 13, 2011 3:48pm
- | Joined Jan 2009 | Status: Cesco | 1,140 Posts
Ex-pro lol - I have been trading for myself for a number of years
Yeah - no probs.
I am always interested when people come out with specific predictions to hear what their reasons are.
There were some apparently some concerns on another site about people trading off the back of the unsupported assertions of others. I feel that when people make predictions they should be able to provide solid reasons.
Have a good weekend
beeb
EURCHF drops from 1.60 to 1
are you able to explain the reason of such a move based on a chart only?
I have doubts about it, as I have noticed that most of the moves are based on interpretations (and misinterpretations) of news and data release, with the sole aim to wide the price action and earn more money
time frame and horizon can be very different, sentiments can last for minutes or months before changing....otherwise trading would be simple and is not
another example I can make is a drop or a rise after (and often even before) a data release, with a price back to previous level or even moving in the opposite direction one or two hours later (NFP data release is the clearest case)
have a great weekend!
- #671
- Edited 5:44pm Aug 13, 2011 5:12pm | Edited 5:44pm
- | Commercial User | Joined Oct 2010 | 1,778 Posts
- #675
- Aug 15, 2011 3:24am Aug 15, 2011 3:24am
- | Commercial User | Joined Oct 2010 | 1,778 Posts
Conditions changed... even Gold will fall in the next few days, it seems that it will be just small correction, and later we will see 2000$/oz... Only then i see end of Gold bull market, and begin of the bear market... However, while talking about "time prediction" it's very close to "important turn point".
beeb
