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Posts by "daveo"

8683 Posts Total by "daveo":
8171 Posts by member
DaveO
(N.Cornwall, United Kingdom)
512 Posts by Anonymous "daveo":
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 5, 2010 17:39
In Thread: EUR
Hehe, I done a few things in my life before retiring to trading but I never did try being a coalminer :-)
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 5, 2010 17:35
In Thread: EUR
Yea, overbought and oversold are relative terms. Most common indicators simply reflect what price has already done. The ADX DMI can be semi useful for judging momentum and the DMI cross can act as a trigger if you already have a directional bias for a trade set-up. Likewise you could use a 50 CCI with 14CCI overlay and when they both cross the zero line together you will get a reasonable success rate on entries. Having said this the CCI's are only mirroring price but the pictorial provides a clearer entry. Also study divergence in relation to your CCI's.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 5, 2010 17:12
In Thread: EUR
Stochs can remain in o/b o/s for as long as the mkt chooses. I know our dear leader rates his stochs but for me they are just one of a hundred useless lagging indicators.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 5, 2010 16:50
In Thread: EUR
Agreed SB.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 5, 2010 16:35
In Thread: EUR
OK SB yer the borse, lets see what happens in relation to your levels. I tend not to look too far ahead of my more immediate levels. A ret is what we need soon :-) After all, we don't want to freek out you know who.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 5, 2010 16:18
I never been one to fade the mkt. Got caught too many times trying that in my early years.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 5, 2010 16:16
GS control the street. Hold the NYSE in the palm of their hand.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 5, 2010 16:12
In Thread: EUR
Jeeesh, that Ashraf twitter happy today, time to catch up on last 50 posts :-)

When does that guy sleep, insomniac ?
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 5, 2010 16:05
In Thread: EUR
OMG, USDJPY, time for another intervention ? Serves the buggers right :-)
DaveO
UK
Posted Anonymously
14 years ago
Oct 5, 2010 16:03
In Thread: EUR
Ok SB,

I shall be eyeing 3895 next but more importantly 4047 as significant 100% sym