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  • #5,481
  • Apr 2, 2014 7:44am Apr 2, 2014 7:44am
Quoting ClockTrader
Out of curiosity I just checked the ADP data, it seems neutral as per the FF site. I really don't know how to analyze news, honestly, I can only interpret red / green color on the FF homepage. Can anyone explain why it has been so volatile before and after this high impact news?
Market move before ADP release which is 30 year mortgage rates.
  • #5,482
  • Apr 2, 2014 7:44am Apr 2, 2014 7:44am
Quoting ClockTrader
Thanks fellas for the kind inputs, analyzing news looks too complex to me. I think I will stick to fundamentals of trading i.e. buy when it seems bottom, sell when it looks like a peak. I'll keep it simple. {quote} {quote} {quote} {quote}


To approve worth seeing there moving average....Success rates would be better with sma
  • #5,483
  • Apr 2, 2014 7:50am Apr 2, 2014 7:50am
Quoting angelpatrici
{quote} ADP is good. that should be green. they revised, previous data. as fundamental, should be down.
Totally agreed, they change the data.
  • #5,484
  • Apr 2, 2014 7:51am Apr 2, 2014 7:51am
Quoting Nitsan_Levi
{quote} To approve worth seeing there moving average....Success rates would be better with sma
I don't use SMAs for my trading decisions but the 300SMA has gone below price for the first time since the start of this downward correction possibly indicating a change in direction.

Again, I don't use MAs for my trading so I can be completely wrong but I just picked up on it on one of my charts.
To live a successful life, we must lose our fear of being wrong
  • #5,485
  • Apr 2, 2014 7:51am Apr 2, 2014 7:51am
Thanks Nitsan
  • #5,486
  • Apr 2, 2014 7:54am Apr 2, 2014 7:54am
I'm thinking we will see a return to 1285 before going up again
  • #5,487
  • Apr 2, 2014 7:54am Apr 2, 2014 7:54am
price may go down again...gartley H4 + sma200 H4 + daily sma 64...

I am trapped in short...but will hold it slightly longer because of the reason mentioned above.
  • #5,488
  • Apr 2, 2014 7:55am Apr 2, 2014 7:55am
Quoting Nitsan_Levi
{quote} To approve worth seeing there moving average....Success rates would be better with sma
You are a very good trader and I know sma etc works great for you. But, learning exactly the mindset and analysis of a fellow trader (you in this case) can be a gigantic uphill task for a person like me.

Since, I'm getting close to what I have always sought, I'll continue with my research and learning my way.

PS: I'll try to keep sma in mind though.
Hello World!
  • #5,489
  • Apr 2, 2014 7:57am Apr 2, 2014 7:57am
So long BEARS, already jumped ship and thrown my lots with the BULLS. The only reservation I have about them is that it takes them so long to make up their minds which could cause the markets to range for a while.
Less is more...
  • #5,490
  • Apr 2, 2014 8:01am Apr 2, 2014 8:01am
Quoting samalmoore
I'm thinking we will see a return to 1285 before going up again
That's certainly possible, BUT, lets watch it peak out first by 1200 pm NY EST.

my two gold coins
Hello World!
  • #5,491
  • Apr 2, 2014 8:04am Apr 2, 2014 8:04am
I will say again that no one will get confused here
Dont take short...we have gartley patterm +sma BUT big money want to buy and Counting is not good for short!

So dont take short!!
  • #5,492
  • Apr 2, 2014 8:12am Apr 2, 2014 8:12am
Price just touched Daily R2...
  • #5,493
  • Apr 2, 2014 8:12am Apr 2, 2014 8:12am
Quoting Nitsan_Levi
I will say again that no one will get confused here Dont take short...we have gartley patterm +sma BUT big money want to buy and Counting is not good for short! So dont take short!!
There is native proverb in my place that said...
It is better to wait and focus for a food that can make you gives a food festival for whole month, than
to hunt a food that only satisfy you only a day.
  • #5,494
  • Apr 2, 2014 8:14am Apr 2, 2014 8:14am
Quoting angelpatrici
{quote} ADP is good. that should be green. they revised, previous data. as fundamental, should be down.
Well did gold move up on yellen's speech or any of the data misses in the past week? The answer is no.

Trading fundamentals/news is a sure way to lose money.
"Where you want to be is always in control, never wishing, always trading.
  • #5,495
  • Apr 2, 2014 8:20am Apr 2, 2014 8:20am
Quoting Spec_And
{quote} Well did gold move up on yellen's speech or any of the data misses in the past week? The answer is no. Trading fundamentals/news is a sure way to lose money.
i didnt said NFP effect, just tried answered why gold volatile base ADP news.
last NFP, gold down, but after that spike UP. i just trade NFP BS, and SS. which one hit first
  • #5,496
  • Apr 2, 2014 8:21am Apr 2, 2014 8:21am
Quoting Spec_And
{quote} Well did gold move up on yellen's speech or any of the data misses in the past week? The answer is no. Trading fundamentals/news is a sure way to lose money.
I still dont understand, why some big news doesn't give impact that what we expected.
It is illogical for me.

Is it because Trend is more important than News?
  • #5,497
  • Apr 2, 2014 8:22am Apr 2, 2014 8:22am
Quoting Spec_And
{quote} Well did gold move up on yellen's speech or any of the data misses in the past week? The answer is no. Trading fundamentals/news is a sure way to lose money.


No matter which angle you look at Forex, its actually a very easy and sure way to lose money for an average person. Newbies particularly.
Hello World!
  • #5,498
  • Apr 2, 2014 8:22am Apr 2, 2014 8:22am
Quoting ClockTrader
{quote} You are a very good trader and I know sma etc works great for you. But, learning exactly the mindset and analysis of a fellow trader (you in this case) can be a gigantic uphill task for a person like me. Since, I'm getting close to what I have always sought, I'll continue with my research and learning my way. PS: I'll try to keep sma in mind though.
Thanks you....I just suggest you...to put only sma 300 and 400 on your chart..

Try for 2 week....

Take your normal postion as you take allways...but with 1 change only....NO SMA = NO TRADE

Step 1

No sma 300 or 400 in your entery point in some time frame = NO TRADE

Max you will have less postion...but chek succsec rate...

Step 2 you can allways target your take profit on sma200
  • #5,499
  • Apr 2, 2014 8:22am Apr 2, 2014 8:22am
Nitsan, it seems that sma and gartley are fighting in order to win the battle....for short.
If you do not know who you are, the Forex is the worst place to find you
  • #5,500
  • Apr 2, 2014 8:24am Apr 2, 2014 8:24am
Quoting skassacomput
Nitsan, it seems that sma and gartley are fighting in order to win the battle....for short.

I hope price will fall to 8h sma300 +ab=cd so I can make new long , but I dont take short.
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