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- jw1981 commented Jan 29, 2014
Ahead of every major market move, EVERY Tom Dick and Harry has their 2 cents worth of opinion, trashing the rest and subtly proclaiming that they are right. Such writing is purely bait for ignorant people to buy the author's book or subscribe to ...
Traders Are Making A Big Mistake Right Now
- jw1981 commented Jan 26, 2014
Can never trust these 'analysts' until a few months ago, Loonie was hyped up for a rate hike and now the very analysts are starting to talk about a rate cut... and now the focus has shifted to Kiwi. Great!!! Better to wait what RBNZ says and then ...
Pressure Builds for New Zealand Central Bank to Raise Rates
- jw1981 commented Jan 22, 2014
375bn asset purchases monthly... FLS which was earlier focused on housing and now shifted to small businesses. They never lied. Refer to BoE's inflating hearing last quarter + last year's August BoE press conference where Carney stressed that 7% is ...
Bank of England - No need to raise rates if jobless rate hits 7 percent soon
- jw1981 commented Jan 22, 2014
Of course they won't raise the rates. To even think of it is absurd. They could possibly lower the target to 6.5% as they said soooo many times in the past and maybe start their own taper.
Bank of England - No need to raise rates if jobless rate hits 7 percent soon
- jw1981 commented Jan 21, 2014
Guest... Hope to hear from in a month or mid feb on how you are doing with your gold longs... Good luck!!! And you'll need it.
Gold Technicals – Slight Dip Seen On Bullish Risk Sentiment
- jw1981 commented Jan 18, 2014
There's the unemployment data coming up next week. Even a small improvement to estimates can power GBP back into the rally. Technicals sure do paint a move to the downside, but we saw a great case this week with the retail sales... so always apply ...
Price & Time: Sell GBP/USD Next Week?
- jw1981 commented Jan 14, 2014
I think they are right. I also came across a Yahoo article explaining Gold's drop from a fundamental perspective. Did a bit of re-searching and I came across this technical perspective, which I think is quite valid which explains why Gold's rally is ...
Gold to tank in 2014: Goldman Sachs
- jw1981 commented Jan 10, 2014
Shorting CAD was the safest bet during the crazy NFP data.
Canada’s Jobless Rate Rises to 7.2% Above U.S. Figure
- jw1981 replied Dec 9, 2013
Now this is what I call a fallacy... All the oscillators are pretty much the same, to think one gives an edge over the other is a misunderstanding. And to further illustrate, just change the chart to a line chart and you'll see how the oscillators ...
Why did this example of hidden divegence trading fail?
- jw1981 replied Dec 8, 2013
Brilliant!!! This makes a lot of sense.. My take was that, right after divergence formed, (which was also confirmed by a piercing line candle), it would have been a no brainer to go long. The obvious target should have been the recent low (which ...
Why did this example of hidden divegence trading fail?
- jw1981 replied Dec 8, 2013
Hi Vox, thanks for your inputs.. yes that could be one of the reasons... but in hindsight it looks easier. On the daily chart, when I plot the 200 WMA, one can notice that price cut through it. So at that point in time, it seemed like price was ...
Why did this example of hidden divegence trading fail?
- jw1981 replied Dec 8, 2013
While I appreciate your response, you don't quite answer the question. Yes, price leads any other indicator (let's forget volume for now, to be politically right). My question was as to 'WHY' did this set up fail, all things aside. Again... 1. Is it ...
Why did this example of hidden divegence trading fail?
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Why did this example of hidden divegence trading fail?
Started Dec 8, 2013|Trading Discussion|12 replies
Divergence trading is one of the classic methods of TA and looks simple on the face of it. I ...
- jw1981 replied Dec 7, 2013
I have been trading a somewhat similar method.. find it a lot more better than using trend lines or tons of oscillators. I only throw in a 200 day WMA as a trend filter.. signals are triggered off candle stick patterns. Been trading this on a demo ...
Pure Price Action Trading - NO lines or indicators
- jw1981 commented Dec 4, 2013
BoE's inflation target is 2%.. Current inflation is 2.2%... Does it make sense to talk down the GBP unless the latest figures are in? Also the BoE had continually at all aspects of their speeches did take note of the strong Sterling. So if any talk ...
Rallying sterling may be at risk of BoE verbal intervention
- jw1981 commented Dec 4, 2013
Yeh... Bloomberg/Reuters and other wankers start getting the taper orgasm every month around this time since June. Keep going!!
Sturdy jobs report eyed, may put December Fed taper on table
- jw1981 commented Nov 27, 2013
Interesting theory!!! Suggest you check one of the professional Fx wires and you see the same stuff (interbank chatter)... EFX simply syndicates and publishes these articles on their site. Its got nothing to do with click bait.
Sell EUR/USD Into 1.3625; Buy USD/JPY At Market - Credit Suisse
- jw1981 commented Oct 30, 2013
Buy and Hold sure seems to work for bitcoin.. at least for this man!! Too bad though.. the tax man cometh.
Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k
- jw1981 commented Oct 30, 2013
Hahahaha... here we go!!!! Lawsuits and counter claims..
Twitter Sued for $124 Million Over Private Share Sale