Author Topic: Technical Analysis in Forex Trading (Read 50439 times)

ferrariEverest · « **Reply #180 on:** Jan 14, 2012, 02:40 AM »

Quote from: jmiyake on Jan 11, 2012, 09:47 AM

committed naman ako sa forex. Don't see the logic sa dami ng binabasang libro na opinions lang naman lahat, might as well buy a new calculus book or statistics book. Pwede rin manood nalang ng Bloomberg.

mas marami kayo matututunan sa internet at ibang libro kumpara sa bloomberg, kung forex ang pag uusapan. alam ko, kasi parte ng buhay college ko ang panonood ng Bloomberg dati. puro daldalan at info overload ang makukuha nyo sa bloomberg.

saka hindi lahat ng libro, 'opinion' ang laman.

rangel · « **Reply #181 on:** Jan 14, 2012, 08:10 AM »

To TA FOREX practitioners....mga bossing...what do you think about the EURO? makakabawi pa kaya eto or at what level it will bottom out...Share naman your honest opinion..medyo napabaon ako ng investment dito..huh.

ferrariEverest · « **Reply #182 on:** Jan 14, 2012, 08:20 AM »

ano ibig mo sabihin sa 'makakabawi'?
strong bearish trend ang Euro e.
kung kelan ito magbo-bottom? impossible to answer.

mukhang ngayong taon na ang atake papuntang +/-1.20. yan ang hindi imposible, kung titignan natin ang current Euro climate.

PMT Forum · « **Reply #182 on:** Jan 14, 2012, 08:20 AM »

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SAGAD · « **Reply #183 on:** Jan 14, 2012, 09:11 AM »

Quote from: ferrariEverest on Jan 14, 2012, 02:40 AM

mas marami kayo matututunan sa internet at ibang libro kumpara sa bloomberg, kung forex ang pag uusapan. alam ko, kasi parte ng buhay college ko ang panonood ng Bloomberg dati. puro daldalan at info overload ang makukuha nyo sa bloomberg.

saka hindi lahat ng libro, 'opinion' ang laman.

depende na rin sau un kung pano mo filter ang mga info/data...

i'd rather learn from the past mistakes of those who came before us rather than repeat those mistakes ( and lose money in the process)...

but in the end, after going through tons of info/data, u will have to decide for urself what suits u best...

just my opinion

ferrariEverest · « **Reply #184 on:** Jan 14, 2012, 09:26 AM »

^ matuto sa iba ---oks na oks rin yan.
yan ang swerte ng mga new Pinoy traders/investors, gaya ng mga andito sa PMT. dati kasi mas konti yung posts/infos.

rangel · « **Reply #185 on:** Jan 14, 2012, 09:35 AM »

Quote from: ferrariEverest on Jan 14, 2012, 08:20 AM

ano ibig mo sabihin sa 'makakabawi'?
strong bearish trend ang Euro e.
kung kelan ito magbo-bottom? impossible to answer.

mukhang ngayong taon na ang atake papuntang +/-1.20. yan ang hindi imposible, kung titignan natin ang current Euro climate.

OUCHHH....

ferrariEverest · « **Reply #186 on:** Jan 14, 2012, 09:38 AM »

bakit ouch, Sir?
if ever mangyari yan, try to ride the wave, dba....

rangel · « **Reply #187 on:** Jan 14, 2012, 09:47 AM »

Hindi po naman kse sa forex me invested..sa EUR denominated stocks. Tapos loong term ang projection ko..tsk.

ferrariEverest · « **Reply #188 on:** Jan 14, 2012, 09:54 AM »

if ok lang dito sa thread, post mo yung daily/weekly charts dito (may volume at your choice of indicators), tignan natin.

given the current global macroeconomic situation, mahirap maghold long-term sa panahon ngayon e...

jmiyake · « **Reply #189 on:** Jan 14, 2012, 01:57 PM »

Quote from: ferrariEverest on Jan 14, 2012, 02:40 AM

mas marami kayo matututunan sa internet at ibang libro kumpara sa bloomberg, kung forex ang pag uusapan. alam ko, kasi parte ng buhay college ko ang panonood ng Bloomberg dati. puro daldalan at info overload ang makukuha nyo sa bloomberg.

saka hindi lahat ng libro, 'opinion' ang laman.

exactly my point, mas maraming information na pwedeng mahanap sa internet. About sa bloomberg, the information splashed across the screen are of significant value wag mo nalang pakinggan yung daldalan nila better yet just turn off the sound...

Books offer theories and information regarding "trader behavior"...On the otherhand, raw market data, news(speculations), and fiscal policies affect "market behavior." Thru research, analysis (technical and fundamental) and technical skills we can have our own interpretation of the market.

An example would be, If you have a 6 digit FX account, but not an active trader. Just "carry trade" AUDJPY.

Fiscal policies, news(speculation) are significant factors if you are a "news trader."

your trading behavior should be at your convenience.

Post Merge: Jan 14, 2012, 02:05 PM

Quote from: rangel on Jan 14, 2012, 09:47 AM

Hindi po naman kse sa forex me invested..sa EUR denominated stocks. Tapos loong term ang projection ko..tsk.

If you were planning on a long-term projection and you have extra funds. Pwede ka namang mag hedge thru FX.

ferrariEverest · « **Reply #190 on:** Jan 14, 2012, 02:42 PM »

Quote from: jmiyake on Jan 14, 2012, 01:57 PM

exactly my point, mas maraming information na pwedeng mahanap sa internet. About sa bloomberg, the information splashed across the screen are of significant value wag mo nalang pakinggan yung daldalan nila better yet just turn off the sound...

majority of the info d masyado beneficial sa fx trading, IMHO.
besides, u can get news online or u can trade 100% nang walang news info.

Quote

Books offer theories and information regarding "trader behavior"...

not entirely the case. at least in my experience.

Quote

An example would be, If you have a 6 digit FX account, but not an active trader. Just "carry trade" AUDJPY.

dahil sa volatility, hindi na ganun ka-viable ang carry trade ngayon. pwede pa rin siguro, pero kailangan mamili ka mabuti ng currency pair & got to have lots of experience (not just money).
isa pa, bihira sa Pinoy ang big in capital at experience.

jmiyake · « **Reply #191 on:** Jan 14, 2012, 04:16 PM »

Quote from: ferrariEverest on Jan 14, 2012, 02:42 PM

majority of the info d masyado beneficial sa fx trading, IMHO.
besides, u can get news online or u can trade 100% nang walang news info.
not entirely the case. at least in my experience.
dahil sa volatility, hindi na ganun ka-viable ang carry trade ngayon. pwede pa rin siguro, pero kailangan mamili ka mabuti ng currency pair & got to have lots of experience (not just money).
isa pa, bihira sa Pinoy ang big in capital at experience.

"Carry trades" are applicable only to specific currencies kaya hindi gaanong mahirap at that's what fund managers do. It's all about the size of your capital. Pero ngayon dahil hindi na fixed ang "lot" size anybody can do it even retail investors.

News, stock updates, war, unemployment, NFP, etc... Are significant factors if you are a "news trader."

Even time can be a factor. clients would call in the middle of the night authorizing to liquidate an open position because Japan is closing and New york is opening.

as I have said before, Trade at your own convenience...Find what is suitable, be consistent.

If you read too many books on different topics, "overload" ang mangyayari.

ken_22 · « **Reply #192 on:** Jan 14, 2012, 05:17 PM »

Speaking of euro, some analysts last week were anticipating a sustained recovery up to 1.3100 area versus the dollar.
Looks like a failed rally, as the currency pair plummeted and closed 1.2685.
Fundamentally, unsound pa din for holding ang euro.

jmiyake · « **Reply #193 on:** Jan 15, 2012, 08:39 AM »

Quote from: ken_22 on Jan 14, 2012, 05:17 PM

Speaking of euro, some analysts last week were anticipating a sustained recovery up to 1.3100 area versus the dollar.
Looks like a failed rally, as the currency pair plummeted and closed 1.2685.
Fundamentally, unsound pa din for holding ang euro.

It is advisable to trade "normal" market behavior currencies for efficient TA interpretations and to minimize risk by up to 30%.

SRDC · « **Reply #194 on:** Jan 24, 2012, 10:35 AM »

Just a tip on trading as well. Don't look at too much news as we'll show that news is reactive. Rather, look at the chart and if you're using a strategy that's consistent, keep to it. It may take awhile before a certain setup works, but that means you're onto something. Trading is 10% skill and 90% psychology if you look at it in simple terms.