Art Krantz

Well, I guess you can respect/believe who you wish to, that’s of no concern to me. These vendor/sales/public trader type folks have a vested interest in getting their PR out to the masses, but that’s a whole other slugfest. I certainly don’t disagree with your point about possessing an edge in your instrument/market of choice, but we’re not discussing trading edges. Anyhow, I don’t see why a balanced diet of fundamental & technical knowledge can’t greatly enhance an edge, especially a beginners outlook. But then that involves a bit of (extra) hard work & application. arifwise was scratching his head, totally oblivious as to why Euro popped to the downside on the back of the recent rates hike. He was advised (rightly in my opinion) to go broaden his outlook & research base. That would undoubtedly offer him a little more confidence & structure to his trade planning, which would knock-onto, & compliment his technical awareness. Tess wasn’t expecting him to enrol into an Economics degree course at his local college, but it wouldn’t do him (or anyone else, come to that) too much harm to become better acquainted with the key generic events which affect & drive these currency instruments on a regular basis. I guess each individual will eventually decide how much armour they require to get the job done. But I know which trader I’d rather have in my corner when push comes to shove.

Those are pretty short sighted views if you ask me. Little wonder most retailers get so easily spooked & muscled out of decent (potential) core positions most of the time. Whether you like it or not, your technical set-ups are the result of fundamental flows. You can dress it up however you want (sentiment runs…psychological herding…supply demand imbalance etc), but the core drivers are numbers & data - pure & simple. I would have thought if someone was even half serious about making consistent long term profits in FX they’d at least familiarize themselves with what drives these instruments on a week to week basis & why? After all, if you’re looking to build a core position & aggressively compound via appropriate pullbacks and/or consolidation phases, you’re going to action those kinda trades if you possess a better than average handle on the fundamentals/drivers, & more importantly who is jostling for the ideal position & why. In my book that’s what separates the earners from the (constant) learners.

You're prob better off running that pair via the shorter hourly studies back & forth off it's near-end s&r boundaries if you really have the urge to take it on. Recent avg weekly range prints are lacklustre to say the least, with this week registering a dour 73% of it's norm. 2nd quarter play on this baby has definitely dealt to the continued short bias, with 2.0180-220 a bit of a magnet. A pop under this flimsy floor here at that zone & a sniff at the early month lows would shake it up a little. Topside, I guess you're lookin at nibbles back thru 2.0410 (mid) & 2.0565-90 (top) of this sluggish range.

It's normally a little lighter on bodies May thru July Sledge. Various combinations of them scoot off to take advantage of the hospitality marquee's at Roland Garros, Queens & Wimbledon. FOMC, or any other key data print doesn't really register more than a cursory glance forsearch. Positions are either squared off, bedded in or tucked well out the way if a heavy data print is on the radar. A couple of them occasionally take a swipe at a price if a data print coincides with one of their watch levels, but they generally only execute after the noise & excitement wanes, if at all. There's plenty of Grade A opportunities out there during a typical weeks play to strike the bat without having to rely on data prints for their corn.

Well my dollar bills are out there on the line along with most other folks earning their keep on a semi-regular basis if you’ve a mind to try snatch them, so knock yourself out. If you’re smart enough you might sneak a small handful of them every now & again, but I can guarantee you’re gonna have to work smarter for longer than you’ve ever worked before if you want to make a habit of it

knickers? twisted? not here. They're all fine, neat & exactly where they should be. Nope, you've missed that big ole point. There she goes whoooooosh...straight over the head & into the horizon Nice chattin with you private. Time to go sink a jug of cold beer & watch some sports.

Unfortunately it's got absolutely zilch to do with attitude or hard work & we're swinging ourselves round this maypole so goddamned hard I'm about ready to flop with a dizzy spell :o Good luck to you private. Keep that body armour within reach

If you join these chat sites for that reason then you're certainly in for a long, hard, painful slog. You stroll into joints like this to shoot the breeze & poke s*** sticks at the vultures (vendors) son, not improve your trading. You can do that all on your lonesome with a price action for dummies manual, a couple straight talking daily sheets to keep you abreast, a decent squawk facility & a good dollop of common sense. A reasonable grasp of psychology wouldn’t go amiss neither, beings that’s what pitches the smart cats amongst the dumb pigeons most every day. If you really want to improve your trading, or even obtain some (early & cost effective) feedback on whether you possess the muscle to cut it in this snake pit, you'll find yourself a fella who walks the walk & save yourself a whole sackful of misery & dough. You can cram most of the useless crud out there into a nice neat package & stamp it ‘return to sender’ for all the good it’ll do you.

You absolutely sure bout that?? I happen to know that 2 of those individuals have also surrounded themselves with a few pretty cute cookies down the years. That doesn't necessarily equate to them burning too much midnite oil though. It's amazing the lengths some folks will go to in order to convince other folks what requires to be done to get results Like I said, smart operators tend to exert far less (unecessary) energy than most folks, & that includes hard (long hrs?) work

If there are any hard working smart fella’s out there in this game I’ve yet to meet one. I’ve rubbed shoulders with real ‘work hard’ junkies who burn their candles from dawn till dusk. I currently chase a dollar with one or two (savvy) individuals who book less than 25 hrs a week on the ledger, & usually less if they can engineer it :o The latter generally far outpace the former regards consistent profit returns too I can tell you, & in my experience always have. A smart fella don’t got to work hard. That’s why he’s a smart fella in the first place! He leaves all the hard work to those who assume that’s what they got to do to get ahead in this game.

The amount of pain you two have inflicted on his ear drums this week I wouldn't hold your breath That'll be a 14 setting on that cci Jack.

Yes, of course you gentlemen are correct. I'm getting my blogs & my logs mixed up. Certain sections of the site (not incl blogs) are unavailable to non-premium members, & I incorrectly stated so. I guess it's not too difficult to work out I haven't spent a whole lot of time on public forums.

Depending on your specific strategy models, I’m sure you’ll unearth your fair share of opportunities stringing your line across those candidates. We don’t work outside of the more popular pairs to be honest Kiwi. Not because of anything detrimental, simply because we can spot, work on & benefit from endless opportunities where the liquidity & participation is generally adequate for our needs. We make most of our money on the back of the ill-informed & naïve herd mentality at consistent levels of conflict. In other words, where folks buy when they ought to selling & sell where they ought to be buying. There’s a whole industry generating sack fulls of wonga based around that one simple concept :o It therefore makes sense to focus on those instruments where “the herd” are likely to congregate & transact their regular business. If you’re a competent, successful micro timeframe player on your current array of instruments, then I doubt you’ll find life too daunting or difficult as you cast your net into the FX sea. The principles of supply-demand…support-resistance & common sense patience & discipline aren’t exclusive to one asset class as far as I’m aware? Just try everything out & see for yourself what works best for you my friend.

I'm sure many of the non-premium members were rather hoping you'd have plumped for the other route It’s a shame more of the members won’t be able to observe your views & comments. I know they have the opportunity to stump up $80 or whatever it is to upgrade, but it’s still disappointing that certain sections of these forums are out of bounds to those who would possibly benefit most. Of course you must direct, run & manage your work as you see fit, & it’s personal choice as to who accesses said info, but from what I understand (from colleagues etc) you’re a top class contributor with excellent knowledge, experience & grounding in your chosen field. I for one am very much looking forward to your (& other quality T2W posters) participation in this forum & judging by the feedback & buzz surrounding the transfer of activity of you guy’s, so are a few more. I’m by no means attempting to change your mind or alter your decision, but I hope you won’t restrict your posts exclusively to the medium of blogs or private enclosure. That goes for everyone who jumped ship. I fully understand & appreciate the reasons all you guy’s opted to pitch out of T2W, but this joint is a very different animal altogether. The mods are very agreeable, competent, switched on individuals & Mr Lee directs this site with a fair yet firm hand. I’m sure you’ll enjoy this gig & I wish everyone continued good trading!

Thank you very much indeed Kiwi & mister ed for your kind references. Kiwi; One of my regular (technical) port of calls is to the Dollar Index to see what that’s up to. It’ll offer a snapshot of $ weakness v/s strength. You might then choose to cherry pick your candidate of choice if it's playing ball & quickly then proceed to leaf through the appropriate pairs to adjudge a likely opportunity. For instance, if the buck is weak v/s the basket, I’d want to be homing in on the candidate which is displaying the dominant & aggressive behaviour patterns. If it’s the Pound, then I’ll trail through the cross instruments associated with the Pound to locate whether it’s also a Pound story (of strength) or exclusive to the buck. I’m always on the hunt for value v/s risk. I want an easy life wherever possible. If the buck is mired in heavy range traffic, then I’ll look outside for maybe a decent cross opportunity. Perhaps sniff out a Yen (v/s it’s crosses) or CAD (v/s it’s crosses) or Swiss (v/s it’s crosses) maybe an Aussie (v/s it’s crosses) story. It’s not always just about the U.S Dollar. There’s a big wide world going on out there & all these Central Banks & treasury houses have their own internal agenda’s to juggle. I like to trawl through my pairs on a regular basis & pick out minor & major trend candidates setting up. I don’t exclude anything. I’m looking for consolidation behaviour, potential breakout candidates & possible reversal (into supply-demand grid territory) potential. Basically any area or zone which I determine is displaying a potential imbalance opportunity. I realize fundamental information & newswire chatter isn’t everyone’s favorite biscuit, but we all work that ticket too. You can pick up some very good reasonings behind near term directional flows via that route, especially the validity of a particular level or zone of interest (strength of bid/offer currents etc). To me, it’s a complimentary balance of views. I don’t give either one (techs or fundies) priority, rather try to see each sides point of view & use that info to offer me an edge at that specific time. Trading is all about separating the wheat from the chaff. It’s a constant merry-go-round which changes by the hour. I try not to hold opinions or fall in love with a pair. I’ll just as soon stop & reverse or scratch a trade which has soaked up a good few hours of analysis if the reasons for taking a view are no longer valid. I hope that helps some. I also hope some of our newer friends begin to add their 2 cents into the pot