Daily Forex Trading

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Leoheart
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Re: Daily Forex Trading

Postby Leoheart » Fri Sep 14, 2018 7:27 pm

LeMercenaire wrote:You guys are making the mistake of thinking that this thing is like FX, nothing could be farther from the truth.

The above article is somewhat biased, with the probability that the author is ticked off, having lost his house.

For a more serious (very serious) look at what the VXX actually is, read this:

https://steadyoptions.com/articles/the- ... -vxx-r289/


Yea Lem, I hear you it’s no fx. I will admit again & again that I am totally ignorant (or partially ignorant now) to much of what is out there with exception to fx. Lem ( or anyone else) are there any good sources that show correlation between indices or similar type of instruments. Currencies are awesome because we can compare a large group of similar types.

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LeMercenaire
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Re: Daily Forex Trading

Postby LeMercenaire » Fri Sep 14, 2018 7:34 pm

Leoheart wrote:
LeMercenaire wrote:You guys are making the mistake of thinking that this thing is like FX, nothing could be farther from the truth.

The above article is somewhat biased, with the probability that the author is ticked off, having lost his house.

For a more serious (very serious) look at what the VXX actually is, read this:

https://steadyoptions.com/articles/the- ... -vxx-r289/


Yea Lem, I hear you it’s no fx. I will admit again & again that I am totally ignorant (or partially ignorant now) to much of what is out there with exception to fx. Lem ( or anyone else) are there any good sources that show correlation between indices or similar type of instruments. Currencies are awesome because we can compare a large group of similar types.


I was in no way trying to put you guys down, sorry if it came across as condescending in any way.

Anyway, yes, the thing with indices is that they can't help but be correlated in all sorts of ways, some blatantly obvious and others in completely unexpected ways.

They tend to operate like subsets of each other, wheels within wheels.

I don't know offhand of any one source of information but as always, I shall give it a mull or two and get back to you if I come up with anything.

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LeMercenaire
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Re: Daily Forex Trading

Postby LeMercenaire » Fri Sep 14, 2018 7:37 pm

One market that may be worth exploring for those who, like me, love the powerful simplicity of the Daily Wick Zone, is The Russell2000.

Have a look at this quick screen-grab and you'll see what I mean...

RUSSELL2000Daily-asinfoforLeoandMira14thSept18.png
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LeMercenaire
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Re: Daily Forex Trading

Postby LeMercenaire » Fri Sep 14, 2018 7:40 pm

Or even the H4, which makes me shiver all over with anticipation :lol:

RUSSELL2000H4orhowaboutthis14thSept18.png
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LeMercenaire
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Re: Daily Forex Trading

Postby LeMercenaire » Fri Sep 14, 2018 7:44 pm

The way I trade this, is to use the 50-Fib.

You have never seen an instrument respect a line like this does.

I run it over the previous day and use it off the right edge.

Sweet as a peach.

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Re: Daily Forex Trading

Postby LeMercenaire » Fri Sep 14, 2018 7:49 pm

A random example...

RUSSELL2000H1lookatthispt1814thS.png
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Mira
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Re: Daily Forex Trading

Postby Mira » Fri Sep 14, 2018 8:50 pm

LeMercenaire wrote:You guys are making the mistake of thinking that this thing is like FX, nothing could be farther from the truth.

The above article is somewhat biased, with the probability that the author is ticked off, having lost his house.

For a more serious (very serious) look at what the VXX actually is, read this:

https://steadyoptions.com/articles/the- ... -vxx-r289/


Isn't technical analysis just technical analysis?
I’m only asking, I still haven’t been on the articles that you shared.

Thank LeM!
__________ THE :smt096 IS A LIE__________

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LeMercenaire
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Re: Daily Forex Trading

Postby LeMercenaire » Fri Sep 14, 2018 8:58 pm

Mira wrote:
LeMercenaire wrote:You guys are making the mistake of thinking that this thing is like FX, nothing could be farther from the truth.

The above article is somewhat biased, with the probability that the author is ticked off, having lost his house.

For a more serious (very serious) look at what the VXX actually is, read this:

https://steadyoptions.com/articles/the- ... -vxx-r289/


Isn't technical analysis just technical analysis?
I’m only asking, I still haven’t been on the articles that you shared.

Thank LeM!


I'll let you read the articles and you'll see why it behaves the way it does and why standard tech analysis doesn't cut it with this.

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Leoheart
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Re: Daily Forex Trading

Postby Leoheart » Fri Sep 14, 2018 9:13 pm

LeMercenaire wrote:
Leoheart wrote:
LeMercenaire wrote:You guys are making the mistake of thinking that this thing is like FX, nothing could be farther from the truth.

The above article is somewhat biased, with the probability that the author is ticked off, having lost his house.

For a more serious (very serious) look at what the VXX actually is, read this:

https://steadyoptions.com/articles/the- ... -vxx-r289/


Yea Lem, I hear you it’s no fx. I will admit again & again that I am totally ignorant (or partially ignorant now) to much of what is out there with exception to fx. Lem ( or anyone else) are there any good sources that show correlation between indices or similar type of instruments. Currencies are awesome because we can compare a large group of similar types.


I was in no way trying to put you guys down, sorry if it came across as condescending in any way.

Anyway, yes, the thing with indices is that they can't help but be correlated in all sorts of ways, some blatantly obvious and others in completely unexpected ways.

They tend to operate like subsets of each other, wheels within wheels.

I don't know offhand of any one source of information but as always, I shall give it a mull or two and get back to you if I come up with anything.



I am totally offended. That’s it, your name is coming off my Best Online Buddy List as we speak ( jk but no smiley)

In all seriousness, I think fx traders are very spoiled in that regard(correlation). They can fool us on many timeframes , but never the final destination.

Thoughts cross my mind and I am sure others too, how do we replace fx trading experience once paper money aka banks are obsolete. We laugh at bitcoin with greater laughter but great truths are often laughed at until they become the norm. I think I may and regrettable will have to go the bitcoin route for it’s likely the most comparable to fx in terms on all large number of currencies backed by correlation. I hope Bitcoin is a bust I really do..

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LeMercenaire
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Re: Daily Forex Trading

Postby LeMercenaire » Fri Sep 14, 2018 9:19 pm

Leoheart wrote:
LeMercenaire wrote:
Leoheart wrote:
Yea Lem, I hear you it’s no fx. I will admit again & again that I am totally ignorant (or partially ignorant now) to much of what is out there with exception to fx. Lem ( or anyone else) are there any good sources that show correlation between indices or similar type of instruments. Currencies are awesome because we can compare a large group of similar types.


I was in no way trying to put you guys down, sorry if it came across as condescending in any way.

Anyway, yes, the thing with indices is that they can't help but be correlated in all sorts of ways, some blatantly obvious and others in completely unexpected ways.

They tend to operate like subsets of each other, wheels within wheels.

I don't know offhand of any one source of information but as always, I shall give it a mull or two and get back to you if I come up with anything.



I am totally offended. That’s it, your name is coming off my Best Online Buddy List as we speak ( jk but no smiley)

In all seriousness, I think fx traders are very spoiled in that regard(correlation). They can fool us on many timeframes , but never the final destination.

Thoughts cross my mind and I am sure others too, how do we replace fx trading experience once paper money aka banks are obsolete. We laugh at bitcoin with greater laughter but great truths are often laughed at until they become the norm. I think I may and regrettable will have to go the bitcoin route for it’s likely the most comparable to fx in terms on all large number of currencies backed by correlation. I hope Bitcoin is a bust I really do..


Have you seen the spread on the thing? (Also Etherium). Yowzaah!

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