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10.7
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Author:  SpiderX [ Mon Jun 16, 2014 2:24 am ]
Post subject:  10.7
nanningbob » Mon Jun 16, 2014 7:50 am wrote: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.
Hi Bob,

Maybe after the soccer fever is over. :smile:
http://www.fxstreet.com/analysis/indice ... /06/11/06/

Cheers
Author:  rocketman99 [ Mon Jun 16, 2014 3:06 am ]
Post subject:  10.7
SpiderX » Sun Jun 15, 2014 4:46 pm wrote:Hi Bob,

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

Cheers
There is oil in pretty much everything you buy. So trouble with oil producers causes everything to increase in price making imports for oil consumers more expensive thus devaluing the currency. Commodity prices, especially oil are leading indicators of the health of the world economy.

http://www.earnforex.com/articles/what- ... ex-trading
http://www.investopedia.com/articles/fo ... encies.asp
Author:  zentauro67 [ Mon Jun 16, 2014 4:16 am ]
Post subject:  10.7
Good point, rocketman99.

CADJPY long is for sure the best choice to profit an Oil crisis, as CAD has become a great producer and Japan needs to import the 99% of its oil. Anyway, lets hope the situation in Iraq won´t become a civil war.
Author:  The_Snowman [ Mon Jun 16, 2014 6:20 am ]
Post subject:  10.7
zentauro67 » Mon Jun 16, 2014 2:16 pm wrote:Good point, rocketman99.

CADJPY long is for sure the best choice to profit an Oil crisis, as CAD has become a great producer and Japan needs to import the 99% of its oil. Anyway, lets hope the situation in Iraq won´t become a civil war.
That's usually true, but the CAD seems unresponsive this time, it is down 400 pips from recent high, trending down, lot of scope for a rally, needs some more CPR or maybe a hit with the Defibrillator :)
Author:  nanningbob [ Mon Jun 16, 2014 6:56 am ]
Post subject:  10.7
The_Snowman » Mon Jun 16, 2014 2:20 pm wrote:
zentauro67 » Mon Jun 16, 2014 2:16 pm wrote:Good point, rocketman99.

CADJPY long is for sure the best choice to profit an Oil crisis, as CAD has become a great producer and Japan needs to import the 99% of its oil. Anyway, lets hope the situation in Iraq won´t become a civil war.
That's usually true, but the CAD seems unresponsive this time, it is down 400 pips from recent high, trending down, lot of scope for a rally, needs some more CPR or maybe a hit with the Defibrillator :)
Doesnt most CAD oil go to the USA anyway? So USA economy is the bell ringer for the CAD? I like the CAD/JPY going up analysis though.
Author:  nanningbob [ Mon Jun 16, 2014 7:05 am ]
Post subject:  10.7
Now here is a mouthful of a sentence:

Hello Solar Vortex - El Nino Is Coming", because as everyone knows by now, in a centrally-planned world, in which the present always disappoints and the rigged market is driven purely by the overly optimistic future forecasts for five years in a row now (despite the rosy future never, ever materializing in the form of a better than expected present), any deviation from what is "priced to perfection" has to be promptly explained away, usually with such ridiculous gimmicks as the weather, i.e. snow in the winter, hot summers, balmy springs and so on.Idiot central-planner and economist "justifications" for always being wrong aside, the reality is that El Nino is on its way even if the slowdown in the economy will be due to every other factor except the weather (start with the Fed) which just so happens is a "recurring" event. So upcoming GDP collapse (that nobody could have foreseen earlier, nobody, certainly not the Fed) notwithstanding, here is what one should really expect as a result of the unique weather formation which whose temperature and precipitation impacts across the United States occur during the cold half of the year, from October through March.

Dont you guys just love it when I find important stuff like this. I wonder if he made his total words needed for his news column today. Now go take this information and make some pips. :clap: :yahoo: :yahoo: :clap: :yahoo: :clap: :yahoo: :yahoo: :clap:
Author:  genaja [ Mon Jun 16, 2014 11:02 am ]
Post subject:  10.7
Trading the D1 chart using 10.9 together with TMA-lines.
Hi Gertje,

do you like to explain how you trades your system?
Rules, signals?

I think to trade the daily chart was a good Idea. But I see that the entries are a litle bit difficult.


Thanks a lot!
Author:  Gertje [ Mon Jun 16, 2014 11:26 am ]
Post subject:  10.7
genaja » Mon Jun 16, 2014 11:02 am wrote:
Hi Gertje,

do you like to explain how you trades your system?
Rules, signals?

I think to trade the daily chart was a good Idea. But I see that the entries are a litle bit difficult.

Thanks a lot!
Sure!

It's actually very simple, and I certainly wouldn't recomment it due to the DD experienced.
I plotted the TMA on the D1 chart, and go long from the bottom-line and short from the top-line.
I enter a pending every 50pips, and TP at the opposite line or when I see fit like last week with the NZD-newsspike.

A picture tells more than 1000 words, so see attached. I plotted all trades with entry and exit to see where and what.
gbpnzdfh4.png
I have MPTM running to add BE+5 after 80pips, to decrease DD when price reverses. This way the maximum exposure is 2 trades in the negative.
Author:  genaja [ Mon Jun 16, 2014 3:48 pm ]
Post subject:  10.7
Gertje » 16 Jun 2014, 12:26 wrote:
genaja » Mon Jun 16, 2014 11:02 am wrote:
Hi Gertje,

do you like to explain how you trades your system?
Rules, signals?

I think to trade the daily chart was a good Idea. But I see that the entries are a litle bit difficult.

Thanks a lot!
Sure!

It's actually very simple, and I certainly wouldn't recomment it due to the DD experienced.
I plotted the TMA on the D1 chart, and go long from the bottom-line and short from the top-line.
I enter a pending every 50pips, and TP at the opposite line or when I see fit like last week with the NZD-newsspike.

A picture tells more than 1000 words, so see attached. I plotted all trades with entry and exit to see where and what.



I have MPTM running to add BE+5 after 80pips, to decrease DD when price reverses. This way the maximum exposure is 2 trades in the negative.
Hi Gertje,

hmm, at 18.03.2014 the candle was the first time at the lower line. At 27.03.2014 the second time.
If you are long from 18.03. all trades goes into SL.

Do you use the Stoch as signal or only the TMA Lines?
Author:  Gertje [ Mon Jun 16, 2014 5:07 pm ]
Post subject:  10.7
genaja » Mon Jun 16, 2014 3:48 pm wrote:
Hi Gertje,

hmm, at 18.03.2014 the candle was the first time at the lower line. At 27.03.2014 the second time.
If you are long from 18.03. all trades goes into SL.

Do you use the Stoch as signal or only the TMA Lines?
If they run into BE (+5) just te-enter again on the way up.
I try to start going long/ short on the STO7, but look more at the TMA.
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