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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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DaveO
UK
Posted Anonymously
13 years ago
Nov 11, 2010 13:11
Catnip, if its any consolation 66% of NYSE volume is now pure bullshit volume. Useless high frequency algorithm trading by the 4 largest trading houses who were awarded special priviliges with their servers at the exchanges and a commission deal on spreads whereby they buy and sell at no spread and earn a commission in the name of providing liquidity, haha. This generates enormous meaningless volume and you could say that Goldman Sachs controlls the NYSE. So it is not only currencies which are manipulated. Most markets are manipulated in one way or another these days and many traders feel that GS and the like are sponsored by the fed. This may be changing with the various new regulations, I don't know that I am up to date.

I would be interested to hear about swarm intelligence when you are confident it has some value. Gold is another market with very large players messin around :-) I doubt there are any "clean" markets but human nature dictates price action and all players are human inc CB's. Difficult to imagine I know :-)
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 11, 2010 13:09
all time low EURCHF 12771 ... how low can you go....listen I am not done yet
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 11, 2010 12:39
agreed...but my point is there is no more such thing as free markets... cb s intervene start currency wars, use foolish peg ... nowhere you have data for that in the past.
My problem is not the model it is getting reliable real time data for all fx for gold oil bonds .
We are working on a new idea called swarm trading where swarm refers to swarm intelligence.
As it appears from newest research swarm intelligence foresees it does not merely react in linear fashion as every trader reacts on or responds to signals.
DaveO
UK
Posted Anonymously
13 years ago
Nov 11, 2010 12:31
Catnip, of course its possible, anything is possible with trading. I daresay your own stuff catches you wrong footed sometimes but I like that you are trading using what I call "internals". Most conventional indicators simply lag price and only reflect what price has already done. Any experienced chartist can read price without having to look at indicators but indicators provide a clearer perspective of what price has done for those who are not yet fully tuned in. S & R's play sometimes and sometimes not and there are many ways of projecting them besides channels etc.

I use internals for trading stock indices. Breadth, volume, vix, trin, tick, market profile and bid/ask delta can provide valuable information but forex is more difficult since there is no central exchange for volume data. Correlations are important and can sometimes provide a leading indicator I have noticed. I shan't mention EWA which can be a leading map because it is so contraversial in this particular forum and not easily discussed in a static forum. Market profile also provides a useful map based upon volume over time behaviour.

There are many perfectly legitimate and different ways of trading. You should be more respectful in this context. I am not about to divert into your specific methods and I don't expect you to divert into my methods. The only thing that really matters is we each make good money from our methods and the time we devoted to this endeavour.
usikpa
Moscow, Russia
Posts: 77
13 years ago
Nov 11, 2010 12:21
Ashraf,

Could you briefly describe (or provide a good link) a possible further scenario of the Irish debt crisis? I take it they can not officially apply for any financial assistance until the next year budget has been voted on, which is not going to happen until December, right? That would probably mean some sort of a range for the EUR/USD towards the end of the year?
redstone
bristol, UK
Posted Anonymously
13 years ago
Nov 11, 2010 5:21
usdx slowlly edging up possible short term rally to 81/82 if this completes then EUR/USD would have retraced downward to 131/132. Timeframe probably by end this month.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 10, 2010 21:32
Whatever ... the method is the price p depends on preceding prices .
In other words prices depend on itself ...a bit like fiat money.
There are gazilion ways of choosing prices preceding price p however the question is , is it possible that none of these predicts the price p correctly?
Yes.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Nov 10, 2010 19:52
I guess some use keltner channels also ? Or bollinger bands?
Ignore
Florida, United States
Posted Anonymously
13 years ago
Nov 10, 2010 19:47
puzzio uses channels, far diff than the tunnel method which when employed gives good risk.reward with
close stops, tunnels are constructed with 1hr 144, 169 sma, 21 sma and follow a few filters for the trade, a momentum system widely used in chicago commodity, fx traders..coupled with pair trading with the usd.chf hrd

channels can control breakouts 4 hr chartz also..

just takes more vigilance wihout that definite trend...but with pair trading, direction secondary to sizing and ratio...
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 10, 2010 19:33
close EURGBP long @8555
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