How is Forex market different from the Stock Market in terms of technicals?

glamsham · #31 6th August 2007, 08:46 PM

Quote:

Originally Posted by amarnath

Sorry i am here trading same last 7.5 yrs

Great Amarnath. Glad to see you here.

I am in the market from ERM break in 1992. I fortunately took a hard lesson that time and hence I am still surviving.

BTW, What do you think RBA would do on Wednesday? I dont think that they have the data to justify a hike, hence I would go into the meeting with an Aussie Short against EUR based on Fundamentals.

Since the cross trades as EUR-AUD, I would buy EUR-AUD.

Shantanu005 · #32 8th August 2007, 06:15 PM

Quote:

Originally Posted by amarnath

Sorry i am here trading same last 7.5 yrs

Hello Amarnath,

Thank you for your advice.

Shantanu005 · #33 9th August 2007, 10:07 PM

Quote:

Originally Posted by Shantanu005

What does it mean???

I was going thru a material and found the following line:
"...Instead of trying to catch the bottom or the top of a trend, use counter trend moves to create better entry points for an entry that harmonizes with the long-term trend."

Now what does it mean?
I find this sentence contradicting!!!
"...use counter trend moves to ..." = Does the author mean to say that when the long-term trend is UP, we shud make a short entry???

I'm not getting it, plz help.

Thanks

CageRattler · #34 9th August 2007, 11:25 PM

Quote:

Originally Posted by Shantanu005

I was going thru a material and found the following line:
"...Instead of trying to catch the bottom or the top of a trend, use counter trend moves to create better entry points for an entry that harmonizes with the long-term trend."

Now what does it mean?

For example, if the trend is UP, then look for any pullbacks (countertrend movements) to go long in the direction of that trend.

Shantanu005 · #35 11th August 2007, 10:15 PM

Quote:

Originally Posted by CageRattler

For example, if the trend is UP, then look for any pullbacks (countertrend movements) to go long in the direction of that trend.

Hello CageRattler,

Thank you for breaking it up for me.

Thanks a lot.

investokick · #36 15th August 2007, 11:05 AM

Quote:

Originally Posted by swagat86

Y not try the charts urself. here is the data

http://www.traderji.com/forex/12269-...orex-data.html

Link not working for me

manojp07 · #37 16th August 2007, 06:50 PM

Quote:

Originally Posted by vladv

You're a swing trader,aca?

what is the swing trading?

manojp07 · #38 16th August 2007, 06:54 PM

Quote:

Originally Posted by Shantanu005

I was going thru a material and found the following line:
"...Instead of trying to catch the bottom or the top of a trend, use counter trend moves to create better entry points for an entry that harmonizes with the long-term trend."

Now what does it mean?
I find this sentence contradicting!!!
"...use counter trend moves to ..." = Does the author mean to say that when the long-term trend is UP, we shud make a short entry???

I'm not getting it, plz help.

Thanks

i think auther want to say if there is up trend in long term take long position
in short term down trend.

hanman_the_protector · #39 17th August 2007, 03:07 AM

is it true the cable usd is in a long term uptrend

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