I posted the following around page 65 of the Sidus Thread:
Watch the mirror..
<HR style="COLOR: #d1d1e1" SIZE=1><!-- / icon and title --><!-- message -->I sense the Gold rush has settled here with the ebb/flow of fresh information.
As I said before it is all a matter of individual perception. Any combination of indiactors will yield good trading.. So as long as the settings are primed per the time interval you are watching. Being as the actual control of the forex flow is cross breed between different currencies, this is your true indication of direction. As we find that the USD/YEN is opposit of the EUR/USD most all the time with the exception of a stronger tug from say the GBP/USD as that is the buddy currency to the EUR/USD or say the USD/CHF pulls against the USD/YEN as it is the buddy currency to the USD/YEN notice I call them buddy currencies as they complement each other in same overall direction. Now lets throw in a curve... EUR/JPY This a Part time lover to the USD/YEN sometimes it will compliment the USD/YEN as a buddy and on other occasions it will do it's own thing such as tonight and for some Morning.. 8-18-06 it had all time highs over-night while the yen and euro were basically at a total stand still.. KEY:::: watch the key bid offer levels for the currency you like to trade as well as the bid offer levels of the counter currency. This will explain to you total technical traders why you get whipsaws you can't figure out most of the time but not all as nothing is infinate with this ride called forex. The Big dogs like to run stops on each other and we sometimes get caught in the wake.. i.e. option expires a favorite chase down.. Perception is key to it all! You can program a million setups and if you can't see or at least reolize what going on out the runway, you trades will get run-down! A good portion of the time. You all have been told it's all about support and resistance I buy You sell Some hesitate then enter.. This all contributes to what we all know as the trend. Note the attached images as an example of mirrored effects on flow and stall dependant on in the currency or out of the currency influx.
I Was informed all who dance in that thread were bacically only intrested in Sidus.... "Squiggle line following technical traders" Little do they know practically any ma combination and choice of a good dozen oscillators will do exactly the same thing!!!! As a pro would already know.. Every few weeks some new or fairly new trader(Demo-ologist) Comes up with a new combination and the herd flocks to that thread. The originating poster usually has a line of text that go's " I have been back testing this for about two weeks now with great success" Key lure for the trade Junky. Most always nothing more than a regurgitation of somebody elses trade system with what::: A new magic touch.
Purpose of the initiation of this thread is for veteran traders that trade for real pip's no demo junkies or newbies. No offense, it is merely not in the scope of a pretender or unexperienced trader here. To collaborate back and forth the Mechanics of ebb/flow concerning the market beneath the charts, In all actuality this is where the market begins. For decades pit traders did not use charts they used wit, Momentum and right now statistics to in and out trades all day long from bell to bell day after day. We are not quite the same people as we trade gazing into nothing more than a computer monitor. However the dynamics have not changed behind the wizards curtain.
Watch the mirror..
<HR style="COLOR: #d1d1e1" SIZE=1><!-- / icon and title --><!-- message -->I sense the Gold rush has settled here with the ebb/flow of fresh information.
As I said before it is all a matter of individual perception. Any combination of indiactors will yield good trading.. So as long as the settings are primed per the time interval you are watching. Being as the actual control of the forex flow is cross breed between different currencies, this is your true indication of direction. As we find that the USD/YEN is opposit of the EUR/USD most all the time with the exception of a stronger tug from say the GBP/USD as that is the buddy currency to the EUR/USD or say the USD/CHF pulls against the USD/YEN as it is the buddy currency to the USD/YEN notice I call them buddy currencies as they complement each other in same overall direction. Now lets throw in a curve... EUR/JPY This a Part time lover to the USD/YEN sometimes it will compliment the USD/YEN as a buddy and on other occasions it will do it's own thing such as tonight and for some Morning.. 8-18-06 it had all time highs over-night while the yen and euro were basically at a total stand still.. KEY:::: watch the key bid offer levels for the currency you like to trade as well as the bid offer levels of the counter currency. This will explain to you total technical traders why you get whipsaws you can't figure out most of the time but not all as nothing is infinate with this ride called forex. The Big dogs like to run stops on each other and we sometimes get caught in the wake.. i.e. option expires a favorite chase down.. Perception is key to it all! You can program a million setups and if you can't see or at least reolize what going on out the runway, you trades will get run-down! A good portion of the time. You all have been told it's all about support and resistance I buy You sell Some hesitate then enter.. This all contributes to what we all know as the trend. Note the attached images as an example of mirrored effects on flow and stall dependant on in the currency or out of the currency influx.
I Was informed all who dance in that thread were bacically only intrested in Sidus.... "Squiggle line following technical traders" Little do they know practically any ma combination and choice of a good dozen oscillators will do exactly the same thing!!!! As a pro would already know.. Every few weeks some new or fairly new trader(Demo-ologist) Comes up with a new combination and the herd flocks to that thread. The originating poster usually has a line of text that go's " I have been back testing this for about two weeks now with great success" Key lure for the trade Junky. Most always nothing more than a regurgitation of somebody elses trade system with what::: A new magic touch.
Purpose of the initiation of this thread is for veteran traders that trade for real pip's no demo junkies or newbies. No offense, it is merely not in the scope of a pretender or unexperienced trader here. To collaborate back and forth the Mechanics of ebb/flow concerning the market beneath the charts, In all actuality this is where the market begins. For decades pit traders did not use charts they used wit, Momentum and right now statistics to in and out trades all day long from bell to bell day after day. We are not quite the same people as we trade gazing into nothing more than a computer monitor. However the dynamics have not changed behind the wizards curtain.
"Look Left Think Right"