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Obsidian
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Everything posted by Obsidian
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father: If you were capable of getting good grades, why didn't you do it earlier? I better kick you out of the zone, I mean family...
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There is no continuous or perfect correlation between gold and usdx
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The results we get by backtesting are different than live trading because of gaps, slippage etc. But it still gives a general idea about how your system performs. You can see its advantages, disadvantages. Yes, backtesting ignores data releases and market momentum due to lack of our programming skills. Of course there are some events that is impossible to predict, S&P-Moody's downgrades for example. However, backtesting may give you a clue about how your system (you) will perform when unexpected things happen.
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Introduce Yourself Here - Don't Be Shy!!
Obsidian replied to trading4life's topic in Beginners Forum
welcome to the TL community, please participate -
for example you are testing a candlestick strategy, you are going to buy when a bullish candle appears and sell when a bearish candle appears. you can do it spending a day on it. but when you want to see the results on different time frame or on a different pair (or if you change buy-sell conditions, sl/tp levels), you will have to start over.
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CHF Chart (Weekly CFTC Commitments of Traders Report)
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CAD Chart (Weekly CFTC Commitments of Traders Report)
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JPY Chart (Weekly CFTC Commitments of Traders Report)
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GBP Chart (Weekly CFTC Commitments of Traders Report)
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The latest graphs :helloooo: EUR Chart (Weekly CFTC Commitments of Traders Report)
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The current euro/Swiss franc level of around 1.20 isn't a balanced rate, and isn't ideal or beneficial for the Swiss economy, Swiss National Bank deputy director Thomas Moser said in an article published Friday. Moser, who is widely tipped to replace former central bank president Philipp Hildebrand on the SNB's three-person government board, reiterated that the franc remains "highly valued" but will weaken over time. "The weakening [of the franc] could take place via the nominal exchange rate, as well as through the inflationary differential with its trading partners, although a such correction normally only occurs over a longer time frame," Moser wrote in an article in the economy ministry's monthly newsletter. The SNB's introduction of a ceiling for the franc at CHF1.20 per euro in September "has reduced the massive over valuation of the franc and limited the potential damage to the Swiss economy," Moser said. Still, "the situation remains difficult for large sectors of the Swiss economy, and the franc remains highly valued," he said. Moser was Hildebrand's deputy in the department dealing with monetary policy and international affairs. DowJones
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Learning how to program is less time consuming than doing things manually. Think that you are testing a strategy on 10 years data, every tiny modification of your strategy will make you spend more time on it...
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Lately I have been thinking about learning easy language or mql but I am stuck at this same phase :crap:
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EUR/USD: Buying the rumors selling the facts, I am not holding positions too long until we pass 1.3320 or break 1.2970. Just scalping this pair at the moment. GBP/USD: Bounced nicely from daily ma(34) and closed above 1.5800...I am in as I planned.. USD/CHF: Failed to close above 0.9250 and we are still stuck in this 3 week band...
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cnbc: analysts say gold may climb 20% this year china diversifying away from USA bonds becoming largest user...
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Asian session is really boring today
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contagion is not spreading!?
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EUR/USD: Greek drama continues and the euro is falling. 1.30 level did not show any sign that it will be strong support so I joined to bears' side...If the pair closes day below 1.3000, I think we will see 1.2870 tomorrow. I had said that I was bearish until eur/usd could close above 1.3220, this is still valid...I will be selling on rallies as I don't see any fundamental or technical reason to long this pair... USD/CHF: Finally the pair moved outside of the channel. It will be heading to 0.9335 as long as it can stay above 0.9250 GBP/USD: Until I see a daily close above 1.58, I am not thinking of longing. I am still bearish. Though my smaller time frame indicators say the pair may re-test 1.5700/20 USD/CAD: 1.0070 is the key level for me
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My personal opinion is daily and weekly charts are bullish but 4h charts are bearish (heading to 1709 and 1698)...However I don't think that gold will fall below 1600...at least for now...
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No Fear -- when you to enter a trade No Surprise -- when things don't happen as you thought No Hesitation -- when you are about cut your loss or take your profit No Doubt -- when you have a logic behind your trading system
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For example: Markets...Operating hours, minimum investing (account, trading) size, leverage options, risk factors, volume etc... instruments...every stock or currency pair has its own way to move...daily range, volatility, volume etc...these differences also brings the fact that there is no single technical analysis method/indicator to give us the best result...for one instrument moving average(50) works fine to follow the trend, but it may not work for another one...you may have to adjust numbers... your personality affects your trading style. for some people trading on daily charts (longer time frames) is the best...some traders like faster markets or smaller time frames... try different things and experience yourself
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What is moving the market: EUR/USD falls on report eurozone finance ministers considering proposal to delay all or part of Greek bailout...
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Before you pick something to trade, it is better to learn the markets...learn how things work...Every market/instrument has its own characteristics...After you learn about trading basics, you can open demo accounts to find a suitable market according to your personality and expectations...it is like playing music, try different instruments, play styles and pick one..then master it...
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Monthly chart looks interesting, if can close above 80, there will be a potential to visit 83.50
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I don't think EU really care about Greece or its citizens...I can't see any concrete solutions to shrink the debt hole, there is no effort to support economy...This crisis is not a new thing, passing the news austerity laws don't make any difference is you can't implement them...If Greece was able to do that, they wouldn't be suffering so bad...So far, only thing that EU did is to prepare big economies from the consequences of the inevitable...