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I'm looking for some of these pair to reset. Many had big time runs and are a bit on the hot side.
A few of us use this:
https://www.myfxbook.com/
After really listening to Yellen, I got the feeling that she wants the tapering to stop. Let's just keep printing money.
But that USD chart looks sick as well. I would've thought the USD would have shown more strength by now. What's your take?
Here ya go...
http://investorshub.advfn.com/Simple-Green-Room-Video-Board-26043/
Has lots of videos of all sorts of good stuff
I've been using a combination of a few things. The closet thing might be what Pennies did a video on and called it the "KISS" method.
But just like any system out there. there are times it works great and other times it feels like you're falling down a black hole. You just need to gain experience to decipher what is going on and when you should expect things to happen as you interpret those wonderful charts.
Like I said before, strap in and get ready for the ride of your life!
Most folks here give their opinions on what they see. We have discussed many "systems" in the 1 1/2 years that I have actively posted here. You just need to get into a groove that you feel comfortable with.
As far as your other question about how long before you make consistent gains, that will take some time. I suggest you stay in demo mode for a few months and then fund an account for live trading with just a few hundred dollars.
If you can get the feeling of how things play out, then by all means go for it.
Welcome aboard. Get ready for the ride of your life!
Ya, I gotta get back to basics....
I went from about up 100% to down 40% in one week. But what's more frustrating is that I started to make some of the same mistakes I made last year.
Fighting the greed-n-fear monster is a real bitch!
Oh Boy! I'll get to kiss the "entire" ash. hahahahahaha
I've gotten my ash handed to me this week. Time for a vacation..... lol
Australia Q4 GDP Climbs 2.8% On Year
3/4/2014 8:30 PM ET
Australia's gross domestic product added a seasonally adjusted 2.8 percent on year in the fourth quarter of 2013, the Australian Bureau of Statistics said on Wednesday.
That beat forecasts for an increase of 2.5 percent following the 2.3 percent gain in the third quarter.
On a quarterly basis, GDP added 0.8 percent - also topping expectations for an increase of 0.7 percent following the 0.6 percent gain in the previous three months.
Final consumption expenditure was up 0.7 percent on quarter and 2.6 percent on year.
Gross fixed capital formation fell 1.2 percent on quarter and 2.4 percent on year.
Terms of trade added 0.6 percent on quarter but dropped 1.2 percent on year.
Real net disposable income was up 0.7 percent on quarter and 1.8 percent on year. Real gross domestic income added 0.9 percent.
The contributors to expenditure on GDP were net exports (0.6 percentage points), final consumption expenditure (0.5 percentage points), public gross fixed capital formation (0.2 percentage points) and changes in inventories (0.2 percentage points).
The main detractor was private gross fixed capital formation (-0.5 percentage points).
The main contributors to GDP were mining (up 1.2 percent), rental, hiring and real estate services (up 4.2 percent) and manufacturing (up 1.5 percent). These industries each contributed 0.1 percentage points to the increase in GDP.
Also on Wednesday, the Australian Industry Group said that its index measuring the service sector in Australia came in with a score of 55.2 in February. That's up sharply from the January reading of 49.3, and it also represents an almost six-year high.
It's also the first time in two years that the sector has seen expansion - a score above 50 is positive, while a reading below 50 means contraction.
Among the individual components of the survey, health and community services climbed to 67.7 and finance and insurance jumped to 67.0.
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
http://www.rttnews.com/story.aspx?Id=2280578
Another great report out of Australia....
Less than 30min before the GDP #'s out of AUD are out. Looking for a bull run here......
Even though many think the Aussie Dollar should be going to .85 or lower, I'm beginning to think the RBA would love to see it just remain right at it's current level. She ran pretty hard to the downside in Q4 and I bet they just don't want it to totally get away from them.
Whatcha think?
No I was in for a quick gain and never looked back.
About 3 hours to the RBA's rate decision.
And I got knocked out of my NU short with that new.
Back to the drawing board! lol
Wow! #'s for building permits in Australia hit a homerun!
Very bullish
Of course after I take my time and make a long post, the price on NU just goes back up.
This sucker is a scalper's nightmare! lol
Did you set your fibs on the daily timeframe? I went from the last low the the last high to set mine. I see this sideways action between .8380 on the topside and .8130 to the downside.
Over the past few days we hit that topside but the .236 retrace level on the fibs is currently being stubborn.
With that said I had a simple triangle pattern setup on the M15. I decided to go to the short side with my position because the current price is trading below the tunnel.
Now.... If the price broke above my top trendline on the triangle, I was just gonna bail with another loss. But she just broke to the south.......
So, I wanna see how the first fib retrace level acts. It's the .236 retrace and I have it @ .8346. If it's a stubborn bastage, I'll just take a small profit. But if traction sets in, then it's off to the next fib retrace level at the .382 retrace which I have at .8223.
This is where that H4 chart comes into play for me because the tunnel is set up as support way before we could hit that .382 retrace on the fibs.
I know this is a bit of a long post but it's how I was looking at things....
Look at it. It makes a move to the south of the trendline. I go into the kitchen for a cup of coffee and when I come back it's back above the trendline.
They're against me I tell ya!
Looks to be the 4th time that NU is looking to test that damn trendline on the M15 chart. It's just playing with my emotions now!
I'm on the M15 chart as well. I'm looking for it to break below the current trendline. If it does, it should gain some traction to around .8250 or so, imo.....
Jumping back on the NU short train because I'm a glutton for punishment!
I might add that I'd welcome their scrutiny. Serves the bastards right to work hard to steal my money! LOL
I saw the guy at HR block do the very same thing a few years ago. I had several hundred options trades and he just summarized it by putting the name of the broker with the date in, date out, price in and price out.
I'm not positive this is the way the IRS wants to see it. But the way I figure it, as long as my #'s are corrrect showing the proper capital gains or losses I'm good. If they want to audit me and go through each and every trade to come up with the same # that I did then by all means, go 4 it Uncle Sam.....
I just tell them how much I started with and ended with. No way am I going to tell them exactly what happened in each trade. I probably made over 1000 trades.... lol
Edit:
I call the name of the "stock" Oanda.....
Liked what I saw on that one Joe. We took a position at the end of the day just before the spread turned to about 30 pips! lol
Thanks for the heads up. Have a great weekend.
I did the same. Only took about 8 pips the first drop but she looked like she wanted to fade to the upside again. I was hoping to get back in around .8375. So it looks like we are on the same page.
Gets easier to hold and find out if the pattern hold true if the current price start to cooperate! lol
Thought the same thing. I wanted to see a turn on the H1 chart first. It's waaaaaaaaaaay over-extended at this point, imo.
Now we need a little traction and this sucker and we should hit.8000 fairly easily.
I've been dumped on. I went into the week feeling so good with a NU short and a UJ long. Both took me out back to the woodshed. I've taken a real beating and my month went from green to red over 48 hours.
Still up for the year but barely. I need a big gulp of that corn liquor that you have stashed away..... lol
USD still melting away. I thought the Fed stop buying U.S. bonds. Can't tell from the price action......
I guess we need ABE to spark up the Yen printing presses again.
Kiwi # is flat. The same as last report.
Right at resistance and it had me concerned. So I bailed on it.
Can't stop looking at that train wreck that is now called NU. If this POS drops after the Inflation #'s in about 20 minutes, I may have to slice my wrists......Grrrrrrrrrrr
hear ya loud and clear