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Hi!
From another trader:
"FUNDAMENTAL VS TECHNICAL:
Over hundres of years, fundementalist and technician have been arguing the reason behind the market moves. Today I am going to demonstrate how to use fundamental analysis correctly.
step 1. Use the regular technical analysis to interpret market movement. From the daily chart, euro/usd definitely shows a strong trend.
step2. we analysis the eco date:
for this week we get:
2006.05.01 08:30 US Mar Personal Income 0.4% 0.3% 0.8%
2006.05.01 08:30 US Mar Core PCE Price Index 1.8% 1.8% 2.0%
2006.05.01 08:30 US Mar Personal Spending 0.4% 0.1% 0.4%
2006.05.01 10:00 US Mar Manufacturing ISM 54.8 55.2 57.3
2006.05.01 10:00 US Mar Construction Spending 0.4% 0.8% 0.9%
2006.05.01 13:00 US Atlanta Fed's Guynn Speaks -- -- -- --
2006.05.01 19:50 JPN Apr Monetary Base y/y 0.9% -1.0% -7.2%
2006.05.01 20:00 US Minneapolis Fed's Stern Speaks -- -- -- --
2006.05.02 04:00 E-12 Apr Manufacturing PMI 56.8 56.1 56.7
2006.05.02 04:30 UK Apr Manufacturing CIPS 51.3 50.8 54.1
2006.05.02 05:00 E-12 Mar Unemployment Rate 8.2% 8.2%
2006.05.02 06:00 UK April CBI Trends Survey -- -- -- --
2006.05.02 19:30 AUD Reserve Bank of Australia Interest Rate Decision 5.75% 5.50% 5.75%
2006.05.03 10:00 US Apr Services ISM 59.5 60.5 63.0
2006.05.03 10:00 US Mar Factory Orders 2.5% 0.2% 4.2%
2006.05.03 12:00 US Fed Chairman Bernanke Speaks -- -- -- --
2006.05.04 04:00 E-12 Apr Services PMI 58.6 58.2 58.3
2006.05.04 07:00 UK Bank of England Interest Rate Announcement 4.50% 4.50% 4.50%
2006.05.04 07:45 E-12 European Central Bank Interest Rate Announcement 2.50% 2.50% 2.50%
2006.05.04 08:00 US Fed Board Governor Bies Speaks -- -- -- --
2006.05.04 08:30 US Weekly Jobles Claims 308K 315K 322K
2006.05.04 08:30 US Q1 Nonfarm Productivity 2.9% -0.5% 3.2%
As you can see, there are alot negative surpise on euro side. and many positive surprise on dollar side. How come dollar still getting weaker and euro getting stronger.
My interpretation: When the fundamental datas show positive on us economy, but dollars ignore the data; this means the eco date can be treated as a indicator for longing euro. Why euro still goes up after the bad data, maybe there are something we small investors don't know. We don't need to guess, we just need to respect the fact that if good data can't help dollars, then bad data will definitely hurt dollar.
My conclusion; we shall touch 1.3100 by end of the may sure. my 1.2 standard contract is setting a limit order at 1.3050. We utlmately see euro to reach 1.3295 by end of june.
Thanks for the support
Yin Fang"
Hi!
About NFP:
If we want EURUSD going south, we need a NFP above 250k.
If we have a NFP below 200k, we'll see EURUSD today at my level 1.2880 or we should.
You know too that sometimes NFP are the biggest trap in the world. So, take care, please.
NinaHi, again!
Please, be very careful today with NFP. We can see very disappointing things.
If you are done for the week, do not trade or just do it with few money.
If you see a big, big rush, go, but try to protect.
I do not know, I may be damn wrong and paranoid, but there is something in the air that does not smell good.
Nina
Hi!!
Well, mates. No trap at all and very nice pips. I'll make the recap later on.
Today has been another gorgeous day so far.
Nina
Hi frayed,
yes that couldn't be correct. I attached a current usdchf-chart. Please check additionally the parameters of aNina. If that won't work you can delete anina.mq4 and anina.ex4 and download the newest version from https://www.mql5.com/en/forum/173201/page221
miblHi Mibl,
I deleted anina.mq4, anina.ex4, and a lot of indicators that I no longer look at. I downloaded the version from post 3317 (that was the version I had) and compiled it and I still get the exact same results. My setings are: 10, 1.0, 0, 9000, 0, 50 and I have over 10,000 bars in the chart. I am attaching charts of longer term 30m so you can see where the crosses are and the differences between euro and chf. The data looks okay. I don't know the math inside the indicator but it seems like it made a wrong calculation and has stuck with it. Just guessing though. I may need to delete the historical data file and reload it. I appreciate your help on this.
frayed
Usd/chf Problem
Hi, I think I have a problem with the USD/CHF pair the last arrow (red) on my charts where April 17,2006, all STEP MA's seem to stand still, anybody help please.
THX
Hi!
Just a reminder:
Post 3479 (05-03-06):
Levels to watch:
EURUSD, while above 1.2586-1.2551, its way is 1.2885.
USDCHF, while below 1.2460-1.2495, its way is 1.2161.
GBPUSD, while above 1.8342-1.8295, its way is 1.8630.
The others are on the way as long as levels of support or resistance keep .
Nina
Hi!
A few days ago, I post Daily, Weekly and Monthly charts. I stressed the importance of the daily cross of EMA50 with EMA200.
On chart you have EMA120 though, but EMA50 and EMA200 have crossed today.
Look at the bearish trendline from the top: it has broken.
Whatever can happen here, this is FOREX, but TA says the pair is bullish. We should have a retrace in order to visit the highs again.
Nina
Shi_channel Indicator , MQL4
Hi guys,
great thread, I wish i have discovered it earlier .
Could anobody tell me how to access 'download' area?
I tried 2 versions of Shi_channel Indicator from this thread but they dont work for some reason. Anybody has got a good one?
Thanks
euro-pean
Indicators for VT Trader
Greetings
I am thrilled to have found this thread -- thanks a million for your hard work - and for so freely sharing the fruits of it !!
I am presently demo-ing with MetaTrader waiting for FXDD to hook up MT4 -- while I have my live account with VT. Has anyone programmed the Nina set of indicators for VT ? Would be tremendous if possible
Thanks -- and have a GREAT weekend all ---
Gracias Nina por todo !!
Kiwigold