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So I'm studying that and looking at the 1.414 and the 2.236 which connect both of the waves and wondering what sort of connection there is. 1.414 is the square root of 2 and 2.236 is the square root of 5. 5/2 is 2.5. 1.618 plus .618 is also 2.236 so are either of these a typical Goodman relationship?
Fib series not sure if it's possible to overlay bollinger bands or not but it think it might give earlier indication of exiting a squeeze setup also wonder about comparing the atr to the Billie width
I'm not at home now but wonder what an 8,13,21 band would look like and look at the rate of change between the bands
Could be very interesting if Ron Paul does well tonight in Iowa!
Hiya stargate, good to see you posting in the new year.
Me thinks it's time for a slappin! Let's see if she runs this double top with a 4 hour 2.618. Might can do it but I don't think.
Long term I think you may very well be right.
I'm short here on AU at 1.0370 guys. Center TDI is above 70 on the one hour and looking back over the chart it's a pretty reliable signal. Don't know how far she will go but I think 50~100 pips should be at hand.
I'd be particularly interested in an overlay of the TDI and the BB and how they interact.
Yeah I'm completely in love with the second link. I'm adding the BB to my dashboard and totally curious as to how they move intra-timeframe as in the 60 BB calculated on the 1 min. I was amazed at how widely the 60 min stoch moved on a 1 min chart. I especially like the volume part they write about, it's one of the missing components in FX due to the lack of a central market.
Great links Pennies, thanks for that.
I think that's a good move Pennies. Live to fight another day. If it doesn't go where you think it then time to re-examine. One thing's for sure, there's money to be made both ways.
HAPPY NEW YEAR BOARD!
Hope you all have a great weekend and that we all kick some butt in FX this coming year!
You know I sure haven't talked myself into trusting that TDI yet and it seems I should. Closed a long this morning for a couple of pips at 1.0649 before I had to go to work and get home and the dang thing run another 100 pips. Just plain nutty what slips away.
Hey you too SG and all the rest of you!
Good read on copper trading over the summer.
http://www.reuters.com/article/2011/12/22/metals-barcap-idUSL6E7NM28H20111222
Yes mt4 will work fine jav on most any laptop you get
I agree, just no volume to take it there, gonna have to drift on down.
Lol least you came out all right in the end. Lost my electricity so guess no trading for me today only watching from my cell
I closed mine from yesterday just now for 48 pips here at this .447. Can't believe I left that thing open all night with no stop lol.
I'm shorting that frisky little mama. Might not get much relative to the long term but I expect at least 40 pips from here.
I'm about to sing the song from Rawhide Jav.
I'm ready! Been chompin at the bit but restraining myself!
I don't know if this just came out or if it's been out all day. I worry about the implications of this but I may be in the minority.
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The US Federal Reserve on Tuesday moved to toughen capital requirements for the country's largest banks, saying their size and stretch could threaten the overall financial system.
The Fed said it was preparing to implement new capital and liquidity rules outlined by an international banking pact on nearly three-dozen banks with assets over $50 billion.
Rebuffing resistance from some of the country's most powerful financiers, the Fed said it would apply the extra-tough standards of the Basel III pact on 29 "globally systemically important banks."
That could mean even tougher standards for the eight American banks and bank holding companies on that list: Bank of America, BNY Mellon, Citigroup, Goldman Sachs, JPMorgan Chase, State Street and Wells Fargo.
"The recent financial crisis showed that some financial companies had grown so large, leveraged, and interconnected that their failure could pose a threat to overall financial stability," the Fed said in a statement.
The central bank said it was formally proposing a package of reforms for strengthening regulation and supervision for all of the banks and non-bank financial institutions with assets more than $50 billion, as mandated in the post-crisis reforms of the so-called Dodd-Frank legislation.
The package includes tougher requirements on capital, leveraging and liquidity, and mandatory annual stress tests.
They would also limit a bank's exposure to a single borrower or trading counterparty.
The Fed said it would supplement its own capital and liquidity requirements with the Basel standards for the largest banks.
Those standards require all banks to build a base of Tier 1 or top-quality capital of 7.0 percent of total risk-weighted assets by 2019.
But the largest, systemically important financial institutions, would have to add capital buffers of as much as 2.5 percent -- with the buffer requirement increasing with the size of the institution.
That could hit JPMorgan and Bank of America hardest, and JPMorgan chief executive Jamie Dimon has pressed the government in recent months to reject the Basel III standards.
But while not committing precisely to the Basel standard, Federal Reserve officials said Tuesday that the new US rules would be applied without any significant deviation.
The Fed said in would move to implement the new rules after a three-month period for the industry to make comments on them.
Shorting it again at 1.0080.
I'm outta there with 12 pips at the 34. Gonna see what happens next.
Yeah she's jumping the fib mas three at a time, 233, then 55 so left out the 144 and 89. I figure she'll bounce some at the 34, consolidate some, and then drop back to test at least the 55 again for the second time. How she acts there will determine whether she starts dropping fib mas or adding them again.
Looks like it but I think we break down for 20 or 30 pips from here. I've been watching these standard deviations and a little while ago the 55 and 89 were 3 standard deviations out which is pretty rare. It may go up from here, but I think little retrace first. Plus the RSI60 is 80+ which doesn't necessarily mean it goes down in and of itself but I think within the 60 min candle it probably will. I'm still trying to learn how to trade this but yesterday I did 50+ pips with it looking for the same things of course today may be the day where the 95 percent standard deviation rule doesn't apply.
No it doesn't. Got out of my short for 20pips last night and glad I did