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     oski
Member
Username: oski
Post Number: 49
Registered: 11-2002
Rating: N/A
Votes: 0
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| | Thursday, February 15, 2007 - 05:30 pm: | 
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There is also economic news coming out of US tonight on USD.
In regards to trading time, for me the best time to trade is from 4.00-4.300pm to 8.30pm, I have a break from 8.30pm to 11.00pm and start trading again from 11.00pm to 3.30am.
Time can change in regards to “Day Time Savings”.
My personal observation is that we are living in the best time zone for trading forex.
Dreams do not vanish, so long as people do not abandon them.
Luck is the time when preparation and opportunity meet.
Note: This represent my individual opinion, therefore individuals should formulate their own trading decisions or seek professional advice to minimize risk to their investment portfolios.
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lafee
Member
Username: lafee
Post Number: 306
Registered: 04-2003
Rating: N/A
Votes: 0
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| | Thursday, February 15, 2007 - 06:36 pm: |
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hmmmmmmmm.
5 pips from getting my entry. The trade would have lasted 10 minutes to reach my objective.
Cheers Lafee
If nobody can be certain of anything, how can I be certain of that?
Ayn Rand
When I was young people called me a gambler. As the scale of my operations increased, I became known as a speculator. Now I am called a banker. But I have been doing the same thing all the time.
Ernest Cassel
"My major hobby is teasing people who take themselves & the quality of their knowledge too seriously & those who don’t have the guts to sometimes say: I don’t know...." (You may not be able to change the world but can at least get some entertainment & make a living out of the epistemic arrogance of the human race).
Nassim Nicholas Taleb
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captain_chaza
Member
Username: captain_chaza
Post Number: 2437
Registered: 02-2003Rating: N/A
Votes: 0
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| | Thursday, February 15, 2007 - 06:36 pm: |
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Ahoy Officer Lafee
I don't know what the weather is like over there in Asia ?
All I can only assume at this stage is that they just don't like getting out of bed
Salute and Gods Speed
PS I wish I had your Stamina and Patience for this extreme form of Ocean-Racing!
Where's All The Liquidity
Where's All the Action?
Waiting Waiting Waiting
(Message edited by Captain_Chaza on February 15, 2007)
(Message edited by Captain_Chaza on February 15, 2007)
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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lafee
Member
Username: lafee
Post Number: 307
Registered: 04-2003
Rating: N/A
Votes: 0
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| | Thursday, February 15, 2007 - 06:50 pm: |
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Captain,
Yes it is all about waiting. Daytraders should do more waiting and less trading! I may not get in on this trade but there will be plenty more. The advantage is a high strike rate - 88% on this particular trade over the past 3 years on hourly data.
When you redo your setup you may find it fun to sail with me!
Cheers Lafee
If nobody can be certain of anything, how can I be certain of that?
Ayn Rand
When I was young people called me a gambler. As the scale of my operations increased, I became known as a speculator. Now I am called a banker. But I have been doing the same thing all the time.
Ernest Cassel
"My major hobby is teasing people who take themselves & the quality of their knowledge too seriously & those who don’t have the guts to sometimes say: I don’t know...." (You may not be able to change the world but can at least get some entertainment & make a living out of the epistemic arrogance of the human race).
Nassim Nicholas Taleb
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lafee
Member
Username: lafee
Post Number: 308
Registered: 04-2003
Rating: N/A
Votes: 0
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| | Thursday, February 15, 2007 - 07:10 pm: |
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Msparks,
Yes, it is kind of relief to only have to analyse 5-6 crosses. But it is always good to remember that the more markets you trade the more picky you can be. It is very easy to fall into the trap of overtrading which I guess is what the FX brokers are hoping for.
Cheers
Lafee
If nobody can be certain of anything, how can I be certain of that?
Ayn Rand
When I was young people called me a gambler. As the scale of my operations increased, I became known as a speculator. Now I am called a banker. But I have been doing the same thing all the time.
Ernest Cassel
"My major hobby is teasing people who take themselves & the quality of their knowledge too seriously & those who don’t have the guts to sometimes say: I don’t know...." (You may not be able to change the world but can at least get some entertainment & make a living out of the epistemic arrogance of the human race).
Nassim Nicholas Taleb
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lafee
Member
Username: lafee
Post Number: 309
Registered: 04-2003
Rating: N/A
Votes: 0
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| | Thursday, February 15, 2007 - 07:15 pm: |
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Maxboost,
Statistically, it is more likely than not the the EURUSD has made its high for the year (see my previous post). One could assume that if the EURUSD has topped out the AUD will likely follow. However, the 80c mark looks soooooo inviting and we are sooooo close. I would not be surprised if the AUDUSD spikes up to 80c before reversing.
Cheers
Lafee
If nobody can be certain of anything, how can I be certain of that?
Ayn Rand
When I was young people called me a gambler. As the scale of my operations increased, I became known as a speculator. Now I am called a banker. But I have been doing the same thing all the time.
Ernest Cassel
"My major hobby is teasing people who take themselves & the quality of their knowledge too seriously & those who don’t have the guts to sometimes say: I don’t know...." (You may not be able to change the world but can at least get some entertainment & make a living out of the epistemic arrogance of the human race).
Nassim Nicholas Taleb
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ingot54
Member
Username: ingot54
Post Number: 1676
Registered: 05-2004
Rating: N/A
Votes: 0
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| | Friday, February 16, 2007 - 06:08 pm: |
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MARKETS UPDATE DOLLAR CREDIT NOON
SYDNEY, Feb 16 AAP
The Australian dollar was marginally higher at noon with little movement in the morning session as traders await more direction from the US market tonight.
At 1200 AEDT, the domestic unit was at $US0.7839/44, slightly up from yesterday's close of 0.7837/43.
During the morning, the local currency traded at a low of $US0.7832 and a high of 0.7847.
Macquarie Bank currency strategist Jo Masters said it had been a quiet morning of trade amid a number of competing forces.
"The US dollar has been weaker overnight, which has given the Aussie the ability to rally," Ms Masters said.
"But that ability has been capped by Aussie-yen selling."
She said yen support was rising ahead of the Bank of Japan's interest rate decision next week following yesterday's strong gross domestic product (GDP) growth.
"The futures markets have priced in just over a 50 per cent chance of a rate hike, so it's fairly up in the air and there's people with very divergent views," she said.
Also keeping the Australian dollar fairly steady was a drop in liquidity ahead of the President's Day long weekend in the US and Chinese New Year, which starts this Sunday, Ms Masters said.
However, US data due tonight, including producer prices and housing starts, will be of interest to the market, which is looking for signs the US economy is not as weak as recent data suggests.
"Any weaker-than-expected number is going to reinforce that US dollar weakness," she said.
"My guess is it is actually going to be a fairly quiet 24 hours."
She said the Australian dollar would likely trade within a $US0.7830 to 0.7860 range.
Keep Smiling - Don't look back
Trading style: Chartist Artist _ Breakouts and Shakeouts.
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captain_chaza
Member
Username: captain_chaza
Post Number: 2440
Registered: 02-2003Rating: N/A
Votes: 0
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| | Friday, February 16, 2007 - 06:28 pm: |
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Thanks sea-cadet #54
I noticed you refered to your expert advice as a Ms
Hmmm?
No PHD or Letters after the "Ms" to give the good "Herself" some credibility for me?
What's the big deal in being refered to as a "Ms" in financial circles, anyway?
Salute and Cheers
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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ingot54
Member
Username: ingot54
Post Number: 1678
Registered: 05-2004
Rating: N/A
Votes: 0
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| | Friday, February 16, 2007 - 07:13 pm: |
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Yeah - rankles with me too!
In my day (only yesterday that was!) females were either Mrs or Miss.
Perhaps the lady is unable to find a man, or a man who thinks enough of her to make her a Mrs? Maybe she has other preferences?
Maybe prefers to keep her status anonymous?
I would think NO prefix would ensure anonymity, whereas MS raises questions ... and eyebrows. (Am I joking?...)
Maybe best not to go there ... there are some polarised views on that!
Now - some interesting links to add to your favourites list ...
http://www.elitetrader.com/vb/
http://www.stumbleupon.com/
http://www.collective2.com/cgi-perl/session.mpl?session=261335819161351812198693 76265058782&sawred=1
Sorry about going off topic.
To bring it back - I have made good on the USD/JPY. Currently moving in the LONG direction, but I expect we will a return to SHORT when the sun comes up over the Atlantic ocean. I am still holding - short!
I expect 118 to be touched overnight.
Keep Smiling - Don't look back
Trading style: Chartist Artist _ Breakouts and Shakeouts.
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captain_chaza
Member
Username: captain_chaza
Post Number: 2441
Registered: 02-2003Rating: N/A
Votes: 0
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| | Friday, February 16, 2007 - 07:43 pm: |
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Prepare for Anything < 28th Feb 2007
Some big news coming out of Wall St then
It's being typed up as I speak
That's all I know!
Let's hope somebody makes a mistake and talks in bed,Hey?
ie: Pillow Talk
I suggest we all keep a vigilant eye on the charts from now-on and into the 28th Feb,!
My taxi driver's wife is seldom wrong!
Salute and Take Care
(Message edited by Captain_Chaza on February 16, 2007)
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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lafee
Member
Username: lafee
Post Number: 310
Registered: 04-2003
Rating: N/A
Votes: 0
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| | Saturday, February 17, 2007 - 05:19 pm: |
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The successful scalps of thursday - friday
If nobody can be certain of anything, how can I be certain of that?
Ayn Rand
When I was young people called me a gambler. As the scale of my operations increased, I became known as a speculator. Now I am called a banker. But I have been doing the same thing all the time.
Ernest Cassel
"My major hobby is teasing people who take themselves & the quality of their knowledge too seriously & those who don’t have the guts to sometimes say: I don’t know...." (You may not be able to change the world but can at least get some entertainment & make a living out of the epistemic arrogance of the human race).
Nassim Nicholas Taleb
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lafee
Member
Username: lafee
Post Number: 311
Registered: 04-2003
Rating: N/A
Votes: 0
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| | Saturday, February 17, 2007 - 05:27 pm: |
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and the loser
The morale is diversification matters. Diversification of time zones is even more important.
Cheers
LAfee
If nobody can be certain of anything, how can I be certain of that?
Ayn Rand
When I was young people called me a gambler. As the scale of my operations increased, I became known as a speculator. Now I am called a banker. But I have been doing the same thing all the time.
Ernest Cassel
"My major hobby is teasing people who take themselves & the quality of their knowledge too seriously & those who don’t have the guts to sometimes say: I don’t know...." (You may not be able to change the world but can at least get some entertainment & make a living out of the epistemic arrogance of the human race).
Nassim Nicholas Taleb
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lafee
Member
Username: lafee
Post Number: 312
Registered: 04-2003
Rating: N/A
Votes: 0
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| | Saturday, February 17, 2007 - 05:29 pm: |
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Might as well add the EUR.
If nobody can be certain of anything, how can I be certain of that?
Ayn Rand
When I was young people called me a gambler. As the scale of my operations increased, I became known as a speculator. Now I am called a banker. But I have been doing the same thing all the time.
Ernest Cassel
"My major hobby is teasing people who take themselves & the quality of their knowledge too seriously & those who don’t have the guts to sometimes say: I don’t know...." (You may not be able to change the world but can at least get some entertainment & make a living out of the epistemic arrogance of the human race).
Nassim Nicholas Taleb
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lafee
Member
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