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venzen replied Jan 30, 2013Just an observation or maybe my gut feel, but it seems that the engine driving all of the current bullish sentiment is the Dow. As both engine and yardstick, I suspect that when the Dow hits 14,000 around the time of the FOMC announcement it will ...
Elliott wave outlook
- venzen commented Jan 30, 2013
And for those who like to cherrypick price levels as a matter of pride, remember: "Predictions are dangerous, especially if they are about the future"
EUR/USD Breaks Consolidation High; Can it Clear 1.35?
- venzen commented Jan 29, 2013
This is great! Amazing, the force of opinion some Euro bulls display. Zealous anger and hammer of the gods! Most likely they get their 1.35 and then what? Self-righteous conviction that 1.41 is the next Nirvana? Some entertaining comments and great ...
EUR/USD Breaks Consolidation High; Can it Clear 1.35?
- venzen replied Jan 29, 2013
Greetings all. I am not sure if this topic has been discussed here before, but I am wondering why we have been seeing the recent uptrend in EUR/USD. It seems implicit that a strong Euro is of no benefit to the major European export economies such as ...
Elliott wave outlook
- venzen commented Jan 29, 2013
The herd will always go all-in at the market top. Why do the media insist on saying that the economic recovery is "gathering pace" ? Yes, sure, the patient is limping along faster, but can he out-limp the tsunami (of bearish sentiment) bearing down ...
Australians chasing yield buy stocks, dump bonds
- venzen replied Jan 29, 2013
I think I just made a double top - so tired after 2 days waiting for tops in the EurUsd & Dow... BTW - is that 5 waves down in the EurUsd after the double top?
Elliott wave outlook
- venzen replied Jan 29, 2013
R/R of 1:3 is a good policy and great idea to move the SL up to lock in profits! This is a 1H chart - just for interest - I added the Bollinger bands but I don't usually trade with them (nothing wrong if you do) image
EUR/JPY Trading Room
- venzen replied Jan 29, 2013
Snt, Well it seems you entered the trade with good confidence and for reasons you understand: 1. Bollinger midline bounce and 2. established uptrend. Your SL is quite tight and does not allow for deeper correction, but I assume this is part of your ...
EUR/JPY Trading Room
- venzen replied Jan 29, 2013
Hi, It's difficult to give advice on another trader's decision and mechanics since should the trade go wrong one person will be angry and the other have egg on their face. Rather than comment or advise, I'd like to ask you the question you have to ...
EUR/JPY Trading Room
- venzen commented Jan 29, 2013
Hmmm, I'm starting to wonder about this news posting since not finding any of my other sources reporting it... yet something rocked the markets an hour ago...
ECB Allots 124.149 Bln Euros In 7-day Operation
- venzen commented Jan 29, 2013
Well the Fed has shown us theirs, the BoJ put theirs on the table; and now Draghi is showing us what the ECB has kept zipped up in their vault all this time... Yen happy just finished, for sure
ECB Allots 124.149 Bln Euros In 7-day Operation
- venzen replied Jan 29, 2013
Well the ECB just kicked this one in the ding-ding... url (Edit: not sure that piece of news was real - the author posted authentic breaking news in the past but I couldn't find this headline anywhere else)
EUR/JPY Trading Room
- venzen commented Jan 29, 2013
nothing is said about execution speed improvements... that is why a lot of people stick with the fxTrade platform at the cost of having minimalist charts and poor customization. let's wait and see...
Oanda Presents fxTrade Bridge for Metatrader 4
- venzen replied Jan 29, 2013
Interesting to look at your interpretation. When you say "elongated flat" do you mean running flat? And at what price levels... the flat between 120.70 and 116.34 from Jan 15-23? If that is the case then it seems this pair has one more 5th wave left ...
EUR/JPY Trading Room
- venzen commented Jan 29, 2013
Mike Haran, maybe it's a bit strong to say indicators are "rubbish". They work for me and many others for sure. BTW, I am curious to know what Loadedgun's system is. Could you kindly explain or maybe you have links to examples in the forums? thanks ...
7 Steps to Becoming a Great Trader
- venzen commented Jan 28, 2013
Riser 3000 thanks for the heads-up re: Forex Kong. You mention his indicators - where can I see this? a search of the site did not generate any hits... thanks
Pimco's Gross: We Are In A Currency War; Sell Dollar, Hold Euro, Buy Gold
- venzen commented Jan 28, 2013
Warn the town, the Bear is loose! Now these puppet-master markets are going to get interesting...
7 Steps to Becoming a Great Trader
- venzen commented Jan 28, 2013
LoadedGun, as long as you know you're right don't worry about the rest, ok? (thumbs up)
7 Steps to Becoming a Great Trader
- venzen commented Jan 28, 2013
wow, both Gold and the Dow are attacking lower trendline support right now .... seems to be a massive down-day... did I miss a piece of important news somewhere this morning?
7 Steps to Becoming a Great Trader
- venzen commented Jan 28, 2013
LoadedGun, I have not seen any of your trajectory projections. Are they in a forum somewhere? Would like to have a look.
7 Steps to Becoming a Great Trader