Hi Ok this one. Thanks
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DislikedOk It was the trade on the chart with vertical line at 4:45 am on 21 May. Why was this one not taken?
Thanks
Ignored
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing coordinated actions to enhance their capacity to provide liquidity support to the global financial system. The purpose of these actions is to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity.
These central banks have agreed to lower the pricing on the existing temporary U.S. dollar liquidity swap arrangements by 50 basis points so that the new rate will be the U.S. dollar overnight index swap (OIS) rate plus 50 basis points. This pricing will be applied to all operations conducted from December 5, 2011. The authorization of these swap arrangements has been extended to February 1, 2013. In addition, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank will continue to offer three-month tenders until further notice.
In all of this, it is crucial that the ECB be able to maintain its independence and credibility. The ECB can provide liquidity support to the banking and financial system, both through short-term and longer-term lending, much as the Federal Reserve did during the crisis. Encouraging European banks to obtain dollar funding through the Fed-ECB swap line arrangement would also reduce liquidity pressures that could spill over to U.S. institutions. Simply having the ECB buy the debt of troubled member states, however, will not solve the fundamental fiscal and governance problems that are necessary to sustain the Euro. Otherwise, we run the risk of “Not worth a Euro” replacing “Not worth a Continental.”
This is a band-aid. It’s a good band-aid. But making it easier for local banks to borrow in dollars does not, in the end, fix any of the problems with the euro-zone. It just delays the rate at which the current sovereign crisis turns into a banking crisis.
DislikedAll this bad news out of Europe Greece in flames, riots in the street, EU Administrations voted out of office.....and the Euro rises???? Why? Can you say conspiracy???Ignored
Dislikedhey guys havent been on this thread for a week or two.. ive been over at the extreme tma thread learning some new things.. I've incorpered the tma bands onto my charts along with symphony.. They really help filter bad trades when price is hitting extremes.. ie. you wouldnt take a long if price is already near the top bands.. and you wouldnt short if price is near the bottom bands. Looks very promising.. for now I gotta get some sleep to wake up bright and early to trade.
I'll post up my new indis and a pic of the template once I'm up.. cheers!...Ignored
DislikedGreat stuff rj. Like many have said before. Trading is easy. The hard part is finding what works. Ie a method of swimming. But system hopping will get you nowhere. Trust me I've been through most of the popular threads here.
But consistency achieving the same results. How can you have the same results with 20 different methods. It's impossible. Find what works with this system and it will pay off in the long run
Remember it's a marathon not a wind sprintIgnored
DislikedHave I mentioned lately that I love Symphonie on H1. Aus, EU, EJ and GU over 400 pips since yesterday afternoon my timeIgnored
Dislikedhai.....
those to people follow EU....if line penetrate 1.2690, look like it move up.Ignored
DislikedHave I mentioned lately that I love Symphonie on H1. Aus, EU, EJ and GU over 400 pips since yesterday afternoon my timeIgnored