.
I have recently visited a forex forum that I haven’t checked for a long time. The situation isn’t really any different. People are still asking about what to do on their position. Their fellows will respond with some ’smart’ advices.
One asked, “I have some Sell trades open a few weeks now since EUR/GBP took its damn rise. Anyone know if EUR/GBP is going to go back down anytime soon?”
And here’s several responses he got from fellow traders:
“I heard that it is going to stay around .7000 in an effort to teach people to use stop losses.”
Heard from where/who? LOL 
or watch this one: “it wont turning back….believe me”
Yeah, sure.. you’re having some insider info there? 
and this one is fun too: “Hold on to your shorts. It is going back to 6800.”
Hahaha..LOLL.. so inspiring. 
And there’s someone with a ‘more technical’ advice : “You are still inside .7 and .66 range, let’s see what happens next before you make another move.”
Alright.. Let’s wait and see forever and we can have beer while waiting for the margin call. 
And someone was responding with no better situation: “I’ve been frustrated with this pair on several trades and being range bound as folks have been saying makes it easy to think one has picked a top or bottom only to see it move in the wrong direction…”
He has several nice folks. 
Oh and this one too, a ‘more experienced’ one: “Right now the overall direction appears to be trending upwards ever so slowly!! What is the consensus on the pair breaking the .7028 top (of Sept 26th)? I’d like to see it get there as I think it might take off quite speedily after that …”
Allrite, how can I pay you for a complete daily analysis? 
Let me tell my view on the market. Regardless of the support/resistance lines we might have somewhere on the chart, or how the stochastic or MACD is pointing at, or the economic fundamental situation is, the pair have the same probability of going lower or not. I’ve seen so many times, any kind of trendlines or support lines or fibo lines have been broken, then all the technical traders/analysts will eventually find another technical explanation to describe the revealed situation. And even worse with the fundamental analysis mumbo jumbo.
A successful trader prefer to trade his well-developed strategy, and then to hear no evil, speak no evil, see no evil.
(*)
———- Forwarded message ———-
From: Darma
Date: Jun 6, 2007 3:00 PM
Subject: historical economic calendar?
To: MetaTrader_Experts_and_Indicators@yahoogroups.com
Cc: indotraders@yahoogroups.com,
Berjangka_Derivatives@yahoogroups.com, milis-aati@yahoogroups.com
Dear friends,
Does anyone know where can be found an HISTORICAL economic calendar
for the US, or Japan or Europe or just any of them?
for example, i wud like to know what was the economic data schedule
for the date of May 17th 2000, a certain day some several years ago ?
e.g. : was it a holiday? or was it a CPI day? or was it an Interest
Rate decision day?
Much appreciate.
Pamit.
Good bye.
It has been a great time with you all, guys!!
Thank you.
A dead-ended discussion about volatility on this Elitetrader forum.
There were only me, Truestory and ElectricSavant who added to the conversation.
Hundreds of hits on that thread, but nobody replied.
Nobody really understand about the market.
LOLLLL !!!!
Me:
pardon me,
im a newbie in this forum.
does anyone notice a much smaller volatility in forex’ intraday behavior ?
when i place a 300 or 500 bar average true range on 15minute charts of eurusd, gbpusd, usdchf, usdjpy, they are declining a lot since november 2006.
what may cause this ?
is it a more stable global economy ?
more liquidity in the spot market ?
less liquidity ?
please advice.
thank you.
TrueStory:
It’s natural. Volatility goes up and down in cycles. Since November, you’re right, it has come down some, especially in certain pairs. But it will rise again as we move to new congestion levels as economies and interest rates change…
Me:
TrueStory, thank you for your relieving answer.
I run a volatility-dependent system, and I have less-frequent trades these days. I start to worry about the market, will it move more in the future, more volatility like the past time..
I’m not quite understand the correlation between market’s liquidity and volatility. There must be some correlation, but is it negatively or positively correlated ?
Thank you..
TrueStory:
I believe the relationship between liquidity and volatility is too dependent on other factors to be easily defined. It also depends on whether you’re looking at short-term or longer-term volatility.
Me:
Ive been exploiting short term volatility for mechanical system design, but has never been learning what fundamental factors do determine volatility.
Could anyone please point me where to look at this, any books or other resources ? Thank you so much.
ElectricSavant:
yeah…it’s like this…what picture am I being presented? right?
