By: rossnhoj
1/08/2009
8:45 pm Yahoo! Profile:
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| FOREX Trades depend on screen up and down perception and blip blip rationalality. Best to do Trading in currencey that you can invisage in intristic value and that you have a reasonbly good political insight in the country it represents. PLEASE COMMENT on your personel idicators of action in your mindset, as you are watching the blips blips of up and down with the crucial pingblip of buy or sell.Then the glance to the mmm view, did it or did it not.PLEASE JOIN IN,WE CAN HELP EACH OTHER TREND IN THE RIGHT DIRECTION. More blippers corresponding the better the running. |
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By: sarahfrancis30
21/05/2009
1:42 pm Yahoo! Profile:
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Hi all, an interesting discussion. I have wondered about the lack of volume info on FX markets and have been meaning to investigate further - looks like it is not necessary.
Hi Chris - Re: Momentum and trading the charts - which indicators do you recommend? I have been using a combination of MACD, RSI and ADX confirmed by a 10/20 SMA to get reasonably reliable entry signals, but always open to other combinations. Infact am looking to reduce this mix am probably making it more complicated than in needs to be. |
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By: lasty49
24/09/2008
10:38 am Yahoo! Profile:
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"WHether its possible to work out the market depth on FX or not is irrelevant, its momentum that matters not market depth."
This is true however to get the momentum it sometimes needs influence from known market orders. |
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By: lasty49
24/09/2008
10:36 am Yahoo! Profile:
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We are talking about FX.
The NYSE and NASDAQ dont come into play here.
They are exchanges. FX doesnt have a single exchange. |
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By: s_step000
24/09/2008
9:51 am Yahoo! Profile:
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"although the market depth can be an indicator, no matter how many sellers in the market depth"
Hmm, I dont really agree. LII/III market depth for NYSE and NASDAQ are very valuable. |
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By: chris_1983_h
23/09/2008
3:27 pm Yahoo! Profile:
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| WHether its possible to work out the market depth on FX or not is irrelevant, its momentum that matters not market depth. Take equities for example, although the market depth can be an indicator, no matter how many sellers in the market depth, its the off-screen buys that actually make it move up, and off screen sells that make it move down. Candles don't show the depth. Learn how to trade charts and that is how you'll make your money, whether you trade equities, index's, commodities or forex, its all in the chart |
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By: lasty49
23/09/2008
8:24 am Yahoo! Profile:
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Firstly its near impossible to work out the market depth in Foreign exchange at anyone given moment.
Why? Because there are so many different portals/online brokers.
Secondly the datafeeds can be very expensive.
$14,000 is a waste.
Dont candlestick charts measure buyers v sellers.If so that info is free.
You can make money in FX. Dont get sucked into these systems.
A couple of rules for the novis.
Trade your local currency.
Use a demo broker for the first couple of months.
Try and use a broker that allows you to put in bids and offers inside the spread.Using market makers (spread brokers) is not the way to learn.
Dont over trade.
Make your own decisions.
Good Luck. |
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By: neovre
23/09/2008
12:33 am Yahoo! Profile:
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Hi all,
wondering if anyone has, or knows someone who has "Life Style Trader"
My friends have being buying it and doing allright
Essentially the whole program just sends out 2 signals - buy when the amount of buyers of a currency trade (AUS/US) rises above the amount of sellers and a Sell for the opposite occurence.
Now the program is $14,000 or thereabouts and comes with a free laptop - whoopee!AND, you still have to pay for the data feeds!
It is very easy to find the market depth and therefore chart the buyer and sellers (or supply and demand) with stocks, but i've never been able to find out the market depth for Forex or commodities either. If we could find that, you can easily set up a spreadsheet and find the buy and sells 14,000 cheaper,
Please post ur thoughts/knowledge/experi ences |
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