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Forex Version XV, Foreign Exchange Market Discussion
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SUShotfxmy
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 Apr 13 2015, 05:37 PM
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Getting Started
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QUOTE(beyd @ Apr 13 2015, 06:31 PM) do u mean instead trading only based on technical analysis, need to use fundamental analysis as well.. i tried google dollar index, nothing much, most of them are chart and few wiki and investopedia...do u mean read the chart? might want to share anything i can read...xD This is still technical instead of fundamental. Yeah, just read those Wiki and Investopedia is good. Understand the weight everything. And you need a USDX charts for cross reference before you are trading.  |
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beyd
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Apr 13 2015, 05:48 PM
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Getting Started
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QUOTE(hotfxmy @ Apr 13 2015, 05:37 PM) This is still technical instead of fundamental. Yeah, just read those Wiki and Investopedia is good. Understand the weight everything. And you need a USDX charts for cross reference before you are trading. just like u said, if u were looking at the usd index chart, the up trend is raging, on the eur/usd shard the downtrend isnt that sharp or obvious and some trader`s might have enter on false alarm. xD |
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SUShotfxmy
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Apr 13 2015, 05:50 PM
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Getting Started
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QUOTE(beyd @ Apr 13 2015, 06:48 PM) just like u said, if u were looking at the usd index chart, the up trend is raging, on the eur/usd shard the downtrend isnt that sharp or obvious and some trader`s might have enter on false alarm. xD  Most of the time they are opposite, but not all of the time they are opposite. At least you have a cross reference of whether they are strong or weak on its own or just their opponent behavior.  |
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SUShotfxmy
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Apr 13 2015, 06:04 PM
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Getting Started
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For instance you take this 3 charts, USD/JPY, EUR/USD and USDX, what you can see? It is purely USD strengths instead of EUR weakness. It means it is all related to the dollars, not EUR weak itself.  Attached thumbnail(s)
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KeroroQ
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Apr 13 2015, 09:23 PM
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Oh~~~ I love Mondays  |
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SUShotfxmy
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Apr 13 2015, 09:31 PM
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Getting Started
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QUOTE(KeroroQ @ Apr 13 2015, 10:23 PM) Oh~~~ I love Mondays Monday is for gaming and relaxation while looking what's those burglar doing.  Attached thumbnail(s)
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kimwee85
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Apr 13 2015, 09:56 PM
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Getting Started
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QUOTE(hotfxmy @ Apr 13 2015, 04:55 PM) Dollar Thingy means plainly it is Dollar strong or weakness instead of EUR sides or GBP sides. In Dollar Basket or Dollar Indexes, EUR are 57.6% weight on Dollar Indexes and GBP held 11.9% weight. If the dollar moves, the biggest against are EUR, not the Cable. Hence, EUR are weaker than GBP, therefore EUR/GBP will go down. thank you for the explaination. |
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kimwee85
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Apr 13 2015, 09:57 PM
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Getting Started
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QUOTE(hotfxmy @ Apr 13 2015, 05:37 PM) This is still technical instead of fundamental. Yeah, just read those Wiki and Investopedia is good. Understand the weight everything. And you need a USDX charts for cross reference before you are trading. which website USDI chart would you prefer? just need some suggestion with better and easy understanding chart? |
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SUShotfxmy
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Apr 13 2015, 10:00 PM
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Getting Started
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QUOTE(kimwee85 @ Apr 13 2015, 10:57 PM) which website USDI chart would you prefer? just need some suggestion with better and easy understanding chart? You have those charts on most broker, just name difference. For instance, my IG was DX, Citi was USDX, HotForex was USindex. Just look on your broker platform and you will find it.  |
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kimwee85
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Apr 13 2015, 10:01 PM
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Getting Started
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QUOTE(hotfxmy @ Apr 13 2015, 05:37 PM) This is still technical instead of fundamental. Yeah, just read those Wiki and Investopedia is good. Understand the weight everything. And you need a USDX charts for cross reference before you are trading. What if i trading on EURJPY. Does USDI have any effect on this pair? |
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kimwee85
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Apr 13 2015, 10:02 PM
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Getting Started
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QUOTE(hotfxmy @ Apr 13 2015, 10:00 PM) You have those charts on most broker, just name difference. For instance, my IG was DX, Citi was USDX, HotForex was USindex. Just look on your broker platform and you will find it. i try and find. thanks for the info. |
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SUShotfxmy
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Apr 13 2015, 10:07 PM
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Getting Started
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QUOTE(kimwee85 @ Apr 13 2015, 11:01 PM) What if i trading on EURJPY. Does USDI have any effect on this pair? Basically if you are trading EUR/JPY, most correlated are EUR/USD and USD/JPY. Never BUY or SELL if both of them are on opposite. It became choppy market if it is on opposite. For instance only BUY EUR/JPY when both is trending up or vice versa. |
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KeroroQ
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Apr 13 2015, 10:45 PM
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QUOTE(hotfxmy @ Apr 13 2015, 09:31 PM) Monday is for gaming and relaxation while looking what's those burglar doing. wow what game is that?  I love trading Mondays, because anything can happen like prices flying here and there with no fundamental backing |
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SUShotfxmy
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Apr 13 2015, 10:48 PM
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Getting Started
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QUOTE(KeroroQ @ Apr 13 2015, 11:45 PM) wow what game is that? I love trading Mondays, because anything can happen like prices flying here and there with no fundamental backing Zhen gulong. I also don't know what is that. Just start played, boring lar. Any online game nice to intro ar? |
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demolationz
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Apr 13 2015, 10:49 PM
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QUOTE(KeroroQ @ Apr 13 2015, 10:45 PM) wow what game is that? I love trading Mondays, because anything can happen like prices flying here and there with no fundamental backing Nice answer there.  Like AUD. Nice movement today. |
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SUShotfxmy
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Apr 13 2015, 10:52 PM
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Getting Started
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QUOTE(KeroroQ @ Apr 13 2015, 11:45 PM) wow what game is that? I love trading Mondays, because anything can happen like prices flying here and there with no fundamental backing Maybe I am not skillful enough to trade this kind of market, I scare die mah. Unless very one sided market, otherwise I just watch and see what people doing.  |
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blah2blah
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Apr 13 2015, 11:35 PM
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jialat why so much drops on usd/jp one? haih
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SUShotfxmy
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Apr 13 2015, 11:39 PM
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Getting Started
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QUOTE(andrewcha @ Apr 14 2015, 12:35 AM) jialat why so much drops on usd/jp one? haih Abe talk cock lor. |
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SUShotfxmy
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Apr 14 2015, 12:36 AM
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Getting Started
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Who no syiok me report my post ar? Haiz... Human born nature of greed, fear, and jealousy. Spread information pun kena hantam. Nvm, 1 banned go banned lar... Go sleep, boring market.  This post has been edited by hotfxmy: Apr 14 2015, 12:37 AM |
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poks
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Apr 14 2015, 07:46 AM
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QUOTE(hotfxmy @ Apr 13 2015, 11:39 PM) Abe talk cock lor. Haiya uncle talking ahh... no wonder Nikkei no.move . Lol... go report ah? Lol.... must be caused by monday blues then you kena  This post has been edited by poks: Apr 14 2015, 07:52 AM |
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