10.7

[genaja]

60 on the daily makes the center line for the TMA.
240 on the 1H is the 60 on the 4H.

Hi Bob,

that makes sense to me. So I will switch the 240 off for the other timeframes. At the final template the 240 is on for the most of timeframes and that makes no sense to me.

Thanks for patient and advice. :hi:

[nanningbob]

OK time for some fun. Here is a story for those that think China will overtake the USA soon.

WHAT HAPPENS WHEN YOU CANT SELL HOMES IN CHINA............USE THE SURE FIRE USA PROBLEM SOLVER OF 10 YEARS AGO. ABOUT 15% OF CHINA'S GDP IS FROM REAL ESTATE AND CONSTRUCTION. WHAT HAPPENS WHEN IT STOPS.

“The oversupply problem is very severe,” Gan Li, director of the Survey and Research Center for China Household Finance, said in Beijing on June 10, citing a survey of 28,000 households in 29 provinces that indicated 22 percent of urban homes were vacant in 2013.

http://www.bloomberg.com/news/2014-06-1 ... risks.html

[zader]

yep i find the same fire, sometimes they work

Art & Fire580 any more info, which helper or helpers, symbol & timeframe? Trying to fix things is the best way of learning for me so it'll give me something to do between matches.

[fire580]

For me waiting to buy or sell back into trend usually M30 or H1 :hi:

[art]

Me the same

[nanningbob]

That was a nice week. I am glad the markets are moving again. Now the question will be will the AUD, NZD continue to UT. The EUR, JPY will they DT still and gbp, cad,usd in the middle. Same Bat time, same Bat channel. We will talk about trading back into the trend using lower TF charts. By the time the Daily or 4H tells you it has stopped you face some DD. Long term I expect NZD and AUD to keep the top position next week but we will see. For the third or fourth time the eur/usd has screeched at the 1.35 line. Someone wants to defend it. That is OK with me, I will just wait for it to retrace 3-500 pips and keep reentering until they stop it.


Then when they get a bunch of people putting buy limits down there it is crunch kill destroy. WHAM, you wont see me in any buys on the eur/usd for now. :youknow:

[nanningbob]

OH BOY!!! I dont know if this will affect or how much it will affect the markets but we will be following this story. Anyone has any more info please publish.

http://www.zerohedge.com/news/2014-06-1 ... d-systemic

According to the 21st Century Business Herald, at least 17 financial institutions involved in copper, aluminum and other nonferrous metals financing business face losses of almost 15 billion Yuan (not including the contagious rehypothecated collateral chains involved) due to the over-invoicing of the Qingdao port. Crucially, it appears that the evaporation of collateral (i.e. multiple loans secured by the same collateral) has been confirmed officially and banks such as Standard Chartered have already ceased any new business via this supposedly secured channel.

[SpiderX]

Hi Bob,

Got a question....how does an oil crisis (Iraq) affect forex markets ?

Cheers

[zentauro67]

Oil is highly related to CAD.

[nanningbob]

I am not an oil expert but generally any serious event in the Middle East will spike prices. The world has survived in the past Iraq coming off line in oil before so it can survive again. The danger is an expansion or spill over into other countries like Syria and Turkey. The Kurds of Northern Iraq could spill over into Kurdish regions of Turkey. The different Islamic factions could spill over into Syria and Iran and the Saudis could be on opposite sides and then.................. So yeah its serious and could have major implications.

Tired of tight ranging markets, well you maybe getting your wish. Get ready for a wild ride this summer.