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Anyone here into FOREX?

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just made 7 pips on USD/CHF with that vanessafx system. Im realizing, like PiP Dictator says, that its not a matter of technicals OR fundamentals...its both, equally.

It helps a lot in avoiding losses by only taking trades when both line up. Im really liking this :)
 
I'm glad that system is working for you nhallmark. Now that I am back from vacation I believe I will give it a try myself (just via paper trading for starters of course) once I re-familiaarize myself with where everything is at and what's happened over the past week.

After looking at it, it actually is similar to the systems I use in the equities world and was trying to "port over" to forex. If these end up working (in general) I'll just stick with them instead.

And, of course, as we all know, you need to pay attention to everything and not blindly rely on technicals. ;) I'm first and foremost a fundamental/news trader when it comes to forex. :) :cool:
 
Yeah, Shard, before you jump in be sure to pay attention to price action.

Im not sure if it says much about it in the ebook, but for example, earlier today the SAR and the AO(on the 30 minute system) on USD/CHF gave a short signal but a pin bar had just formed, peircing through a support line and then closing above it.

So, I thought according to the pin bar it was going to reverse and go up, but the indicators just gave a short signal...sure enough it reversed and went up.

Had I just looked at the indicators, it would have been a losing trade. So, Im just saying that paying attention to price action helps a lot ;)
 
Hey, are you guys trading the CAD employment change in the morning?

Ive never traded it, but FF has it marked red. Im assuming its like canada's NFP?
 
nhallmark said:
Yeah, Shard, before you jump in be sure to pay attention to price action.

Im not sure if it says much about it in the ebook, but for example, earlier today the SAR and the AO(on the 30 minute system) on USD/CHF gave a short signal but a pin bar had just formed, peircing through a support line and then closing above it.
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You lost me at the 'pin bar had formed.. piercing through..' :p

Canadian employment change is very important for the CAD.. so definitely trade that. The trades I'm looking for today are - gbp industrial production and the cad employment change.

Then comes the nasty nfp.. i think i am going to trade that (just for kicks) with only 10,000 units.. so if I do make a loss it won't be catastrophic. Too many conflicting reports.. nonfarm employment change, overall unemployment report, trade balance.
 
10 pips on the UK industrial production report - came out at 0.1% but i think the -0.2% manufacturing production report made the pound move down a bit.

No big deviations overall.. so move was limited.. but good enough for a solid profit. Next up, canadian employment (2 and 1/2 hours away.. what do i do till then?!) :)
 
I didnt trade...didnt think the deviation was big enough and by the time I caught all the other #'s it was too late.

Oh well, hopefully canada will pull through and let me make some money today.

Music_Producer, I attached a pdf explaining pin bars. Its pretty simple.
 

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  • Pin bars-introduction.pdf
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Thanks for that file nathan.. I was laughing at the illustration that showed the 'eyes' and the 'nose' :)

8 pips on the canadian report.. stupid conflict caused by unemployment rate.. came out at 6.1% so it subdued the move caused by a good 14+k employment change report.

Next up, nfp.. for kicks :p
 
I didnt trade...again. I told myself I was only going to trade if it was more than 20k in either direction, so I stayed out.

I thought the unemployment rate was good...6.1% v 6.2%E...isnt that better?
 
nhallmark said:
I didnt trade...again. I told myself I was only going to trade if it was more than 20k in either direction, so I stayed out.

I thought the unemployment rate was good...6.1% v 6.2%E...isnt that better?
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Oops.. you're right.. 6.1 is better than 6.2.. thank goodness for the weekend so i can rest my poor brain :eek:
 
Music_Producer said:
Thanks for that file nathan.. I was laughing at the illustration that showed the 'eyes' and the 'nose' :)
Click to expand...

yeah, its kind of stupid. I use candles instead of bars because I hate the way bars look. I think a pin bar is pretty much the same thing as a hammer or a shooting star in candles.(more stupid names :p )
 
Ahh.. figured out why the move wasn't that great... well apart from the deviation which was good but not spectacular - forgot to check the pre-news canadian $ trend.. usd/cad had already fallen 40 pips since this morning.. so it didn't have much room to fall further.

I was expecting a 20-30 pip fall but I can see why that didn't happen.

Nathan, how's the keyboard search coming along? And more importantly, how are you going to record all these synths with just an mbox?!
 
Well, Im looking at the new 003 which looks like the replacement for the 002.

Theyre running a promotion through june where you can upgrade from your previous hardware for $1700 or something where buying it without the upgrade is supposedly $2900.

I was just looking at it this morning actually. Im dying to upgrade to 7.3...Im still running 6.4 right now.

But, yeah, Im thinking its going to be another month or two before I do that.

Im also thinking about getting that antares rack thing that cher used on "do you believe". Everyone's using that effect these days but Im thinking I could play with it and come up with something new.
 
nhallmark said:
Well, Im looking at the new 003 which looks like the replacement for the 002.

Theyre running a promotion through june where you can upgrade from your previous hardware for $1700 or something where buying it without the upgrade is supposedly $2900.

I was just looking at it this morning actually. Im dying to upgrade to 7.3...Im still running 6.4 right now.

But, yeah, Im thinking its going to be another month or two before I do that.

Im also thinking about getting that antares rack thing that cher used on "do you believe". Everyone's using that effect these days but Im thinking I could play with it and come up with something new.
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We just got a great deal on the 002 racks in fact (002 rack for $1020 and 002 rack factory bundle for $1200).. the 003 is nothing but a revamped design.. that's all. Don't waste your money on the 003 (mixer) get the rack instead and get a dedicated 24 channel control surface.. will work out cheaper.

And where in the world are you getting those prices from? :eek: 003 is $2200 (I get them lower than that though) Don't be paying retail prices for gear! :)
 
How do you not pay retail? I understand getting gear from ebay and whatnot but I would rather pay more to get it new.

I got those prices from the digidesign website. My main reason for wanting the 003 instead of the 002 is just the way it looks. The 002 always reminded me of a ford taurus(dont know why :p )

I also had the assumption that the 003 allowed you to record in HD without buying HD. Maybe Im wrong.

As far as keyboards, Im probably going to get the roland x8 because I need the drum sounds out of it and I like the way it looks. Then Ill get the motif and the triton in rack units and use the x8 as a controller...I think.
 
nhallmark said:
How do you not pay retail? I understand getting gear from ebay and whatnot but I would rather pay more to get it new.

I got those prices from the digidesign website. My main reason for wanting the 003 instead of the 002 is just the way it looks. The 002 always reminded me of a ford taurus(dont know why :p )

I also had the assumption that the 003 allowed you to record in HD without buying HD. Maybe Im wrong.

As far as keyboards, Im probably going to get the roland x8 because I need the drum sounds out of it and I like the way it looks. Then Ill get the motif and the triton in rack units and use the x8 as a controller...I think.
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I purchase audio gear in bulk for studios.. so I know quite a few folks in the music retail business.. no I don't buy anything from ebay.

As far as 003 allowing to record in HD.. you wish :p ProTools HD software will only work with HD interfaces. I use an Apogee Ensemble with a 002 rack (needed when i absolutely have to use pro tools) and Digital Performer. I'm waiting for a 8 core mac pro.. :D
 
Oh yeah..one more question...I was under the impression that you could only use digidesign hardware with protools so how do you use a third party mixer?

The only way I can do it on my mbox is to take the output on the mixer and put it on an input on the mbox. So, my mixer has 8 channels but it only records to one track in pro tools.

Is there another way to do it?
 
Slept in, missed the trades. Yeah I know, I'm a horrible forex-er, I have no excuses... :p ;) :D

Looks like it was a wild ride regardless, so perhaps it was best that I did miss out this time... :eek: ;)
 
Well, Shard, I guess your just living up to your avatar...sleep in, dont contribute to the forum topic but then tell us about how we forgot a comma and we spelled "thier" wrong. Thats a REAL Mr. Bastard :p

(only joking)
 
nhallmark said:
Well, Shard, I guess your just living up to your avatar...sleep in, dont contribute to the forum topic but then tell us about how we forgot a comma and we spelled "thier" wrong. Thats a REAL Mr. Bastard :p

(only joking)
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Haha, you got it! I am the MacRumors Bastard so I have to live up to my title you know... ;) :D It's all good fun, yes... ;)


P.S. You used the wrong "your". You also missed a comma in "dont" and again in "Thats" in your last sentence. :p :cool:
 
nhallmark said:
Oh yeah..one more question...I was under the impression that you could only use digidesign hardware with protools so how do you use a third party mixer?

The only way I can do it on my mbox is to take the output on the mixer and put it on an input on the mbox. So, my mixer has 8 channels but it only records to one track in pro tools.

Is there another way to do it?
Click to expand...

By a mixer I meant a control surface.. such as the mackie Control Universal (with 8 faders) So with that you can move the faders in pro tools up and down.. using the hardware faders of the mackie.

The way you use the mixer with the mbox is the only way to incorporate a mixer in any pro tools setup. When you get a 003 rack, you'll get 8 inputs. so you can plug in your keyboards in there (4 pairs) .. and use the mackie control surface for everything such as fader control, recording, playback, etc.

Tascam made a pretty good surface (24 faders) and it was cheap too.. don't know why they dropped it.

Shard, I'm a bit like you too.. my wife gets annoyed when I tend to correct people (and her) :p

We've got a good week ahead as well.. lots of trades possible. Couple that with your vanessa fx trading and nathan, you probably will be able to buy your entire studio in a few days ;) :D
 
~Shard~ said:
Haha, you got it! I am the MacRumors Bastard so I have to live up to my title you know... ;) :D It's all good fun, yes... ;)


P.S. You used the wrong "your". You also missed a comma in "dont" and again in "Thats" in your last sentence. :p :cool:
Click to expand...

Damn it...I thought I did everything right, except I spelled "their" wrong on purpose.

Thanks for the laugh :p


Music_Producer said:
I purchase audio gear in bulk for studios.. so I know quite a few folks in the music retail business.. no I don't buy anything from ebay.

As far as 003 allowing to record in HD.. you wish :p ProTools HD software will only work with HD interfaces. I use an Apogee Ensemble with a 002 rack (needed when i absolutely have to use pro tools) and Digital Performer. I'm waiting for a 8 core mac pro.. :D
Click to expand...

Maybe its just marketing, but here's what the digidesign site says...


"003™ Factory provides powerful hands-on control of Pro Tools® through its integrated control surface and offers a wide range of audio and MIDI I/O, high-definition audio resolution, the creativity and speed of industry-standard Pro Tools LE® software, high-speed FireWire connectivity, and over 80 professional instrument and effects plug-ins, compatible applications, sound libraries, and services, including the new Pro Tools Ignition Pack 2 Pro and premium Factory software bundles."

Im not saying I dont believe you, in fact your probably right, but thats where I got the assumption about HD from.

I googled the apogee ensemble and I am sooo confused :confused: I thought the 002 was an audio interface so why do you need two?

And if the apogee is higher resolution(which it seems to be), isnt that like listening to a $2 million production through a cell phone speaker?

Everything I know about recording is all from the internet which is why my mixes suck...so forgive me if I sound completely crazy.

Edit: We were posting at the same time, so I just read your last post...and Im still confused. Do you know of a website that explains all this stuff. I mean, I dont even know why 96khz or 192khz matters...er, I know why it matters but I dont hear it.

Ive got a lot to learn. On my last song, every track is peaking the whole time and I know thats bad but I cant find anywhere online that will teach me what to do about it.
 
Music_Producer said:
Shard, I'm a bit like you too.. my wife gets annoyed when I tend to correct people (and her) :p
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Yeah, I am a perfectionist in some ways, but I mostly just do it for fun in situations like this. ;) It's just that on Forums there is so much bad grammar, spelling, etc., it's tough to resist the urge! ;) :D

nhallmark said:
Damn it...I thought I did everything right, except I spelled "their" wrong on purpose.

Thanks for the laugh :p
Click to expand...

Haha, no worries, just having fun with ya... ;) :)
 
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