fudo's in the doghouse — busted. grandma was completely pissed I made fun of Ikzo, and I suspect she DOSed FF for good measure. with love, for one of the most remarkable women in my life. video video

What kind of music you hear while you trade?

We were discussing the differences in the meaning of the word "leading". No one was suggesting fundamentals are not causal or that technical indicators are.

Why exactly do EMA crossover systems not work?

I see what you're saying now and completely agree with your point. I was using the word leading in a different context, of something signalling a probability prior to directional change. If anyone believes an RSI or any other indicator is causing ...

Why exactly do EMA crossover systems not work?

Everything is derivative. I don't know a single thing in the world that's truly predictive. And especially in trading it's all reactive imho. What makes something a leading indicator is it's ability to formulate a probabilty for change based on a ...

Why exactly do EMA crossover systems not work?

Yes, fundamentals drive the market, so are a leading indicator. In the long term, the health of sovereign nations drives the value of their currencies, but in the shorter term, supply and demand effects market mechanics. No chart tool is predicting ...

Why exactly do EMA crossover systems not work?

hi Custos, I think it's the wording that gets confusing. A indicator like the RSI is showing a change in momentum, not actual trend change. So, it can be said to be "leading" because momentum change often proceeds trend change.

Why exactly do EMA crossover systems not work?

Yes, exactly. I agree with you that trading crosses is illogical. (I should have been more clear in my prior post) These MA's are set up as trend verification and SR tools. I enter on SR or trend line break. When my faster line flips it correlates ...

Why exactly do EMA crossover systems not work?

here's one of the lower TF charts I use in tangent with higher TF SR (as an example) the simpler the better.

Why exactly do EMA crossover systems not work?

A bad carpenter argues with his hammer. The RSI is a decent tool if someone knows how to set it up correctly, and use it with a clear set of criteria. I haven't used the RSI in a few years, but made good money with it when I did. That's the key more ...

Why exactly do EMA crossover systems not work?

current charts — I know this is EU thread, but I'm including my GU AU charts because we're at an interesting juncture on these pairs as well. should be a good week. ([posted a zip with full res versions. these are 25 year charts, so they're ...

EURUSD

out at 4229. close enough. now what would be really funny is getting the touch at 4470 before NY close. extremely doubtful, but stranger things have happened. rofl

EURUSD

first target hit off breakout of support, next stop 4221. I may opt for the 4H LTL at 4232 WS1, call it a week, and keep the pips.

EURUSD

testing it now. if it holds and we take out the Daily Open, 4420/4475 on the table. the 1H candle is young and a support test logical. If we close above 4336 a topside break out looks good. If 4300 doesn't hold, then a decent downside target is ...

EURUSD

Stop it. This thread is giving me brain damage. Look at the damn charts. Sit down and open your eyes. Draw your lines with proper respect and they'll be respected. We invented candlesticks here, and have been using them longer than any other ...

EURUSD

we got the close in exactly the right position. a slight pullback is in order. we recovered the DPP and the ATR HB after the support test. that's more than good enough for one day.

EURUSD

Yes, I know. kakakufx is Dukascopy's white label. Which Russian Gentlemen did you think I was talking about? (so much for subtlety)

EURUSD

You should always do homework on who you're handing your money over to. If you're playing for penny ante, then the Russian gentlemen will probably leave you be, but if you're putting real skin in the game, exercise caution. And unless you have an ...

EURUSD

sure, temporarily. but the pin forming on the 480 should not be underestimated. the last one we had like that was on 04/01 before the run to 4950.

EURUSD

lol... exactly. hope your trades are going well. we take out the DPP and 4400-25 is back on the table ...for starters. updated chart.

EURUSD

video video

What kind of music you hear while you trade?