Hi Jocelyn, things are still going good, perhaps because I still insist on trading with horizontal lines on my chart 
Food for thought as ever, thanks for dropping by
i have absolutely NO desire to start or participate in a war, as many on this site know ! (doesnt mean i cant get ascorbic at times, but i never INSULT anyone.
TRADERS have a great responsibility, but the alternate side (which is gotten from traders and not the deep and dark recesses of my alleged mind) is that its sorta like an airplane pilots job -=â a few moments of sheer terror surrounded by a LOT of boredom ! Given that, my apologies if my remarks were taken as complete disservice to those that toil in that profession.
we disagree on some of the basics, but since theyre driving the price WAY down on things that end in USD today, one can bet their bippy the news will drive the price DOWN more and then UP, so if the pattern is already known, everyone should just set a few tpâs, have a meeting with the banks who will hand out the profits at the tellers window, and we can all go to McSorleys for drinks !
the market âtendsâ greatly to move in determinable ways, so is it ZUES who is moving it that way ?
no more conversations â my charts and experience, now coupled with those who are observing also, say MORE than any statements from anyone â we ALL know many things happen in those deep dark âinstitutionsâ of which some has come to light since the 90âs and some is so vehemently disavowed as to be silly.
BUT, there is no need to continue this line of reasoning as the points have been taken and made, one side and the other ---- Iâve ignored the brickbats sent in my direction because I am one of the finest people you will ever meet, as well as being a master of the universe and the space/time continuum and recently appointed to the Pantheon of the trading gods !
OK, to be serious â MUCH happens, WAY aside from grabbing stops (which was NOT my point) and there IS a direction to the market.
Since we can determine easily that âdirectingâ exists, and that it can be seen, charted and plotted, perhaps YOU might give us the INSTITUTIONAL side of this âdirectedâ progress of currencies and I can sit back, without having to duck those brickbats, and learn something !
enjoy and trade well
mp
Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages !
As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence â BUT I KNOW WHERE THEY HID THE KEY !!
I know that MP. And itâs also always good to hear from the institutional side. Joss and Jimmy have been around for donkeys, and brought some sanity to the place when it started to get overrun with nonsense and their views are always useful. I like to nip in and ask a question if theyâre around because they donât hang around for longâŚ
completely understood and also understandable that theyre not here often â even i get a bit ruffled after the 450th newb asks âcan you make a living in forex ?â and then giving the same old same old anser !
theres no arguement, and its very interesting to hear the other side ---- would indeed enjoy hearing the âinstitutionalâ side of urban legends, downright accusations and truths or falsehoods, although one does have to realize once IN the institutional culture, its kinda simple to see some things that are a bit âflakeyâ as being âbusiness as usual !â.
so MUCH is done, far beyond the gaze of authorities (oh yeah, the SEC is REALLY on the side of the little guy !") and the people participating in all manner of âthingsâ for the most part think theyre doing nothing wrong at all, simply because theres a VERY narrow line between BUSINESS and MORALITY !
look at SHORTING, by golly â you borrow your friends car for a week, and then SELL IT to someone else. A week later you find the same make, model and color for sale at a much lower price than you sold your friends at because the wife is selling her husbands car to punish him for running around with 2 different women who happen to be her best friends.
YOU rush over to her place, give her half of what you made illegally selling your friends car and now âownâ this car, which you return that friday night to your âfriend !â
NOW, at the least you can be charged with âgrand larceneyâ and the prosecutor could probably come up with multiple charges to sweeten the pie, BUT IN THE FINANCIAL WORLD, its PERFECTLY LEGAL !
but, this is where we choose to hang our hats and so we live with some of the âpeculiaritiesâ and move on with it based on whatever experience we have.
We take so many things for granted in this âbusinessâ that it boggles the mind with what morality we throw away because its simply âbusiness as usual !â
THINK ABOUT IT !
mp
well imho Jocelyn and Jimmymac have been 2 of the 3 best posters in the history of bps. They have demonstrated time and time again there knowledge and skill, but more important than that they took alot of time from there busy lives and helped alot of us out and shared there ideas with us and never asking anything in return. Frankly it would be ashame if someboy were to make them feel unwelcome here because they are paranoid that the bank is out to get them.
You know the playing field isnât level, you choose to play so then accept that and thats it. If you were a lawyer you would know that the state always has the advantage so what then donât practice?
Jocelyn, Jimmymac, and Tess I want you to know that most all of here except maybe a very very few really do appreciate your input and your opinions and we hope you stop by once in a blue moon and say hi. I hope all is going well with you guys on the other side of the pond 
HEY â
wait one cottin pickin minute here - - - - -
if anyones out to get those people it would only be the IRS, cause it sure aint me.
differences in opinion are just THAT â differences !
one thing i found out years ago is that there is MORE than one truth in this world, and usually its the same truth approached from differing directions which muddies the waters.
I disagree with words, but i keep the munitions locked up, even though I KNOW WHERE THEY LIVE !
and anyway, how about we make it âbest 2 posters out of 4â and include ME ?
lol â dont EVER take me that seriously again !
mp
about the main subject of this thread, I still wonder how to evaluate both analysis. I�ve seen some forex championship and many traders affirm the don�t use technical analysis, the just need to read about economies around the world, and a plain chart on their screen� I�m kind of skeptic but I�m still thinking
in very recent forex history, we see huge TRENDING currencies that require NO tech analysis to understand, just a chart with prices running from bottom left to top right !
IF one hooks into one of these trends (such as EUR/USD, USD/CAD recently) âyou dont need a weatherman to tell which way the wind blows !â
[B]if i remember correctly, the number one in last years contest was an ea that simply followed the trend of USDCAD [/B](i believe), ADDING to the position as the trend increased, buying on the dips ---- the ea was so simple as to be silly, (actually, nothing different than any INVESTOR strategy) [B]BUT the trend was based on fundamentals in that situation !
[/B]
BUT, if you spend your life waiting for these wonderful trends, you might as well become the Maytag repairman for the amount of trading you will do â tech analysis is used when THERE IS NOT that amazing trend to hang ones hat on !
and since thats MOST of the time, tech analysis is used MOST of the time also !
enjoy and trade well
mp
The news listed in FX calenders is not the only news to pay attention to. The bad news in the financial sector {see HSBC} has a direct correlation to the sentiment of the UK economy, hence the extensive bearish move of the GBP. It is not about USD strength. The GBP sold off against the EUR and JPY, just to name the majors.
As for trading news - let the news shape the sentiment and then let the technicals shape the trade. You canât have one without the other.
while i might have a decent discussion with you concerning ALL you said about the present currency situation (âits NOT about the dollarâ) it CERTAINLY is about the pound !
but just wanted to clap my hands over the below statement, which weve said before (in fact, i said it) on this thread cause youre spot on for the most part !
enjoy
mp
[QUOTE=âmp6140;83463â]
NEWS has a lot of temporary effect, as it allows a lot of spot trading and fast profit to be made, BUT IT NEVER INFLUENCES THE MAJOR TREND, which can be shown by anyone using the LRC on their charts.
The reason i repeatedly state that forex is one of the easiest games in town is because, once a newb has EXPERIENCE, trading with the trend will NEVER turn a loss !
Its actually so simple it makes me cry to watch so many people asking the same question, over and over and over and over and over and over and over and over and over and over and over !
[/QUOTE]
Lol⌠And how is that working for ya? I am willing to bet you arenât trading anymore.