DislikedAre you using the MT4 ? If so, I am too. But, I don't see EMA.????Ignored
![](https://resources.faireconomy.media/images/emojis/64/1f44d.png?v=15.1)
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DislikedAre you using the MT4 ? If so, I am too. But, I don't see EMA.????Ignored
Disliked?
This is from a system started by Don Steinitz. You can research his system here.
http://www.forex-tsd.com/suggestions...aled-here.html
He does have an EA that was recently opened to the public, but it is in testing at this time.
You can find more about his EA's here.
http://www.forex-tsd.com/expert-advi...method-ea.html
and here.
http://www.forex-tsd.com/expert-advi...method-ea.html
His system is very good in determining the trend direction. As for his EA's I don't know yet how well they work.Ignored
DislikedLooks like it bounced back at 61.8%, correct me if I were wrong at the fibonacci retracement.Ignored
DislikedIn my humble opinion about the fundamentals, the recent jap news were quite mixed, even if some were better than expected, so as always, my conclusion is that they just provide again some good bottoms to fishor retracements.
I will be looking to buy UY around 121.00-30 and GY around 240.50...but wont enter until London open, coz it seems Tokyo is quite bearish this morning. To be honest, I went short around 241.10 for a quick down scalp though...Ignored
DislikedIf looking to buy UY around 121.00-30 and GY around 240.50...
How do you look at this: GY weekly pivot at 240.79?
Is pivot something to look at or not?
(just to learn and to remind)
Ignored
DislikedIf looking to buy UY around 121.00-30 and GY around 240.50...
How do you look at this: GY weekly pivot at 240.79?
Is pivot something to look at or not?
(just to learn and to remind)
Ignored
DislikedChina Composite Index now up 1.08%. Seems to be declining from its high of 1.5%
GBPJPY could be going back north soon.Ignored
Disliked?
This is from a system started by Don Steinitz. You can research his system here.
http://www.forex-tsd.com/suggestions...aled-here.html
He does have an EA that was recently opened to the public, but it is in testing at this time.
You can find more about his EA's here.
http://www.forex-tsd.com/expert-advi...method-ea.html
and here.
http://www.forex-tsd.com/expert-advi...method-ea.html
His system is very good in determining the trend direction. As for his EA's I don't know yet how well they work.Ignored
DislikedJust watch the price movement. You will notice that often times it will come back to and hang around different pivots, supports and resistances. S&R's are the most basic indicator for trading. Many traders base their decisions around them as seen by the prive movement as mentioned above.Ignored
DislikedJust my opinion/possible insight and not a rate prediction 'cause there may be a lot of over optimistic interptetation by young traders and the government propaganda machine.
The Japanese government would love to be able to show the world that their domestic economy is picking up and that there is a need to raise interest rates but I'm not too sure that todays data is telling us that.
In Japan the academic year changes in April. It's the month when school fees have to be paid and as a majority of children also attend cram schools it's a pretty hefty bill soooo unavoidable increased household spending. April is also the annual freshman hiring month soooo lower unemployment figures.
I would have thought the more important figures are the lower retail sales figures. The increased services spending is just school fees and possibly mobile phone/games charges.
The Japanese people have a high level of anxiety regarding their old age financial security and the governments ability to pay pensions. They don't trust their government and they don't trust investment institutions (they've been burned in the past) so they love to save in the post office at ridiculously low interest rates. Sooo they don't like spending on non essentials ...possible exception would be young ladies love of brand products.
I think, along with the rest of the world, that Japanese products are great so no doubt the overall economy will continue to grow but it could be a while before things change much on the domestic front.Ignored