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venzen commented Jan 27, 2013Every trader in every market experiences this. Apologies if I underestimate your prior knowledge: check out babypips.com You may want to read up on RSI and MACD and study support/resistance (horizontal and trendlines), then remember to dance WITH ...
7 Steps to Becoming a Great Trader
- venzen commented Jan 27, 2013
Thanks for the agreement Loadedgun. News seems so important because it appears to move the market. I guess reading between the lines is the key to making sense of the fundamental bones being thrown at market participants. One has to understand that ...
7 Steps to Becoming a Great Trader
- venzen replied Jan 27, 2013
Currently moving down from high of 122.90 (Oanda fxTrade price) toward 122.00. Move seems to be a corrective zigzag with higher highs (123.10+) later today. Overall there has been extensive divergence to the uptrend in RSI, MACD and Stochastic ...
EUR/JPY Trading Room
- venzen commented Jan 27, 2013
Erm, not sure how to interpret this: Is he speaking on behalf of BoC or BoE? Are they teaming up? Is he saying the have plenty of good ideas to buoy up the UK economy or is this a declaration of Currency War? You just don't know these days... it's ...
We are not 'maxed out' of ideas insists new BOE Gov Mark Carney as he hints at policy...
- venzen commented Jan 27, 2013
The Gov has definitely "maxed out" on his George W Bush lookalikeness. And he seems to be using the "mezmerizing hand" on the audience (or is that the Force claw of the Evil Emperor?)
We are not 'maxed out' of ideas insists new BOE Gov Mark Carney as he hints at policy...
- venzen commented Jan 27, 2013
There could be a magnitude 9 quake in Brussels tomorrow and the EUR would rally. News commentary lags the market and fundamental news doesn't tell you about market participants' reaction (sentiment). Seems that in a manipulated market (think ...
7 Steps to Becoming a Great Trader
- venzen commented Jan 27, 2013
sounds like rocket science... easier to make a plane!
7 Steps to Becoming a Great Trader
- venzen commented Jan 27, 2013
If I could create my own plane I would put that genius talent to work by creating my own indicator that was 100% indicative of every market move, its extent and timing... very cool.7 Steps to Becoming a Great Trader
- venzen commented Jan 27, 2013
Perhaps the very same efforts by cenbanks to lower inflation (bogus figures or not) could backfire horribly and fuel deflation should there be a sudden exogenous event that triggers a stock sell-off or credit-bubble pop somewhere (i dunno... Europe, ...
Marc Faber Fears 1987 Redux As "Markets Will Punish Interventionists"
- venzen commented Jan 27, 2013 ... are readers checking their RSI, MACD and Stochastics rather than comment? I was enjoying the discussion but it seems to have ended abruptly after my post... go ahead, fire at will...Marc Faber Fears 1987 Redux As "Markets Will Punish Interventionists"
- venzen commented Jan 27, 2013
Elliott Wave and Socionomic theory arguably predicts an imminent correction of devastating proportions based on both wave count reaching a longterm top (DOW, FTSE, etc) and a current mania in stocks stoked by QE. Socionomic theory argues that there ...
Marc Faber Fears 1987 Redux As "Markets Will Punish Interventionists"
- venzen commented Jan 14, 2013
... he better be bold with all that egg on his face :-)
Japan’s Abe Says He’ll Seek ‘Bold Leader’ to Head Central Bank
- venzen commented Jan 13, 2013
kartha, as you say, the issues are not resolved, yet Draghi's false confidence announcement last week caused traders to cover their EUR/USD short positions and therefore its price went up. This move is not real but a result of said short-covering ...
EUR/JPY – Best of both worlds? Weak YEN vs Strong EUR
- venzen commented Jan 13, 2013
currently in a ending diagonal with MACD and RSI divergences at 4H, 1H and 15min timeframes
EUR/JPY – Best of both worlds? Weak YEN vs Strong EUR
- venzen commented Jan 12, 2013
What dailyfx is calling ABCD is a well established zig-zag corrective wave pattern guideline of the Elliott Wave Principle. If the article's subject interests you then have a look at elliottwave.com for sure.
Can Trading Be As Easy As ABCD?
- venzen commented Jan 7, 2013
Binaries seem to limit the trader in that a binary adds constraints (up/down, more than/less than) to the already challenging statistical task of trading. There is probably a time and place when a binary option might prove useful (and profitable) ...
Binary Options vs Forex
- venzen commented Jan 7, 2013
From what's written above it seems the consensus is that binary options are a crappy deal. Like Feldrin and Mike say, you have to predict both extent and the timeframe of a move. No different from investing in a mutual funds over 5-years and hoping ...
Binary Options vs Forex
- venzen commented Jan 7, 2013
trying to get info about the inner workings of binaries out of my broker is a run-around down the rabbit hole... binaries make it seem more profitable to just play red & black at roulette
Binary Options vs Forex
- venzen commented Jan 7, 2013
Good idea, Mario... we'll all jump high to your say-so
Draghi Seeks Extended Calm in 2013 on Fading Euro Economy
- venzen commented Jan 4, 2013
hey that's GOOD - i'm going all in short eur/usd ;o)
How to read ‘quirky’ December jobs report