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- 81 Results (8 Threads , 73 Replies )
- AmatPro replied May 9, 2008
ALWAYS use a stop loss — When trading on small time scales like the 5 min system of Phillip Nel it is of the highest importance to protect yourself with a stop loss. I was reminded at this just an hour ago when we had a general power supply ...
- AmatPro replied May 6, 2008
Thank you Phillip for sharing this wonderful system, thank you Golfer and all the others for sharing all your thoughts and ideas and help. This is my trade of yesterday for usdjpy : 2 descending triangles (resistance marked with green lines). I ...
- AmatPro replied Jan 17, 2008
It's a little bit funny to see the indexes drop even further as we see and hear Bernanke talk with a trembling voice.
- AmatPro replied Oct 17, 2007
when to exit a bad trade — Hi Philip, thank you for your "FX-gym" (or should we say 'gem' ). I like this lowest risk/high probability strategy a lot. I wanted to know how do you define a 'bad trade'. I have an example here - not from ...
- AmatPro replied Sep 5, 2007
Just finished reading " 1. Trade Your Way to Financial Freedom by Van K. Tharp ". Is there any book out there that's better than this one to lay a sound foundation for trading?
- AmatPro replied Sep 5, 2007
Here's a good illustration I found of the size of the problem created by the housing bubble that started in the late nineties and was helped to inflate due to the actions of Greenspan (lowering the rates to crazy low levels) after the dotcom and the ...
- AmatPro replied Aug 21, 2007
In Europe house prices have doubled or tripled in the last 5-10 years. While inflation was almost flat (1-2%/year). Young people that are trying to find a house now can only buy an appartment for the same price as they would have payed for a house ...
- AmatPro replied Aug 17, 2007
Well, my comment on this "doom and gloom" is this: Two years ago I invested my savings in real estate. I live in Europe, so no "subprime" thing here. But anyhow now I feel like the banks lured us in with low intrest rates at 2% etc. As of today the ...
- AmatPro replied Aug 17, 2007
It's what you get when you have a live account at Capital Spreads. Unfortunately it doesn't go back for more years than the ones shown. The firm that delivers the software is url It is ideal for drawing (parallel) trendlines. The ones you see on ...
- AmatPro replied Aug 16, 2007
Here is our last hope for the moment, the Dax verry close to double support at 7200. Will it fall through or not? Come and see next hour :
- AmatPro replied Aug 16, 2007
S&P has also fallen under it's ascending support line now:
- AmatPro replied Aug 16, 2007
This is the situation at this moment. Dow trading under it's former ascending support line. Looking at the momentum of the 'beast' it may go down to the 12000 level and lower.
- AmatPro replied Aug 16, 2007
Dow is trading under it's ascending 'support' now, S&P managed to bounce off its own support within a few points...
- AmatPro replied Aug 16, 2007
At 10:30 GMT today the Dow hit the it's bottom ascending resistance. S&P managed to keep a distance of 40 points, Dax stayed 50 points away from the 7200 level. If the indexes break these lines, I believe we may definitevely speak of "recession".
- Recession and FX
On 26th July 2007, FTSE 100 fell through its ascending supportline that lasted for 4 years (from ...
- AmatPro replied Jul 28, 2007
I have read this in the strategy: Long\Buy ENTRY: First We wait for a long signal alert ... MACD: This is important! When you get the signal MACD must be above 0 ... ...
- AmatPro replied Jul 26, 2007
I went in a first time too early (too impatient to wait for the full 61.8 retracement...) at 119.02 (market went down till at exactly one pip from my SL lol ). Now I went in again at 118.74 with a SL at 118.50.
- AmatPro replied Jul 26, 2007
Well, I don't look at these 'fundamentals'; I just look at what the indexes do and what USD/JPY does. And in februari USD/JPY was a little ahead of the indexes, but when the indexes hit their bottoms then, that was also the go for the USD/JPY rally. ...
- AmatPro replied Jul 26, 2007
Correction. Market went down a little further and seems to have hit the bottom at 18.45 GMT. Bottom of FTSE channel stayed intact until now. But USD/JPY did not reach the 60 fib retracement completely.
- AmatPro replied Jul 26, 2007
My 'forecast' is that we are now at the bottom of the retracement. FTSE has hit the bottom of its 4,5 year long channel at 16.30 GMT. DAX hit the 7500. I see the FTSE as the main indicator for the other indexes like Dow and S&P. Since USD/JPY tends ...