Baruch's Forex System Journal

Discussion in 'Journals' started by Baruch, Mar 11, 2004.

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  1. Hi again,

    I understand you are long the greenback, but why long USD/CHF?
     
    #941     May 13, 2004
  2. Also a good website for fundamental forex research:

    www.rbcm.com
     
    #942     May 13, 2004
  3. #943     May 13, 2004
  4. Greenspan speaks today 15.00 GMT in Chicaga (via video!). Will he say anything about a rate hike? No, I don't think so. But you never knows.
     
    #944     May 13, 2004
  5. No fundamental reason, but I like the way the chart looks. Primarily, the MACD, slow stochastics, and DMI are painting a decent picture. I've found that when those three are lining up, it could make for a good trade. As always, there are no guarantees and I don't really know what I'm talking about.
     
    #945     May 13, 2004
  6. Rubbish! Of course I understand it. Sorry.
     
    #946     May 13, 2004
  7. Hi again,

    So you believe much in indicators?

    I don't know DMI very much. How does it work?
     
    #947     May 13, 2004
  8. I don't have any absolute faith in indicators, because they're just that: indicators. They can (key word, in my opinion) give you various clues as to where things are heading but it's up to you to put the pieces together. I know I haven't discovered the Holy Grail, because that's simply impossible, in my opinion. But, if you can find a set of indicators that you're comfortable with and focus on them, and let them play themselves out, I think it's possible to do fairly well.

    In terms of the DMI, I'd suggest this: http://www.investopedia.com/articles/technical/02/050602.asp as I'm horrible at explaining things. I haven't mastered it yet, but there are a few setups with it that I like, look for, and think work. The hardest part can, at times, allowing everything the chance to work when you're in a drawdown or in a losing streak for whatever reason.
     
    #948     May 13, 2004
  9. Now stop: + 30.
     
    #949     May 13, 2004
  10. Hi again,

    All indicators (I suppose) are lagging, and that's the problem with them.
     
    #950     May 13, 2004
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