How And When Are The Technicals Updated For The Trading Pairs? - Forex Forum

How and when are the technicals updated for the trading pairs? I seem to be looking at the EUR/USD and it reads Aug 6th 12:59 GMT. How is this any help with a trade when the information is almost a day old? I joined this group to get up to date information. At least thats what the box read at the bottom of the page. Does anyone know where any current information on the trading pairs exists?

Hi trader, what you have to understand is that there are trading sessions, the european, american and asian sessions. These sessions hv their own times so for now, the european and american sesssions are sessions that have forcasts given my MATAF. So u have to know the pairs that fall in these sessions to be able to trade them. As for the time for the updates. I can say that tthe euro session is updated at around 6.30/7.00GMT while the update for the american session comes between 12.00/14.00GMT. All u hv to do is to wait for them and thats all. Wish u the best.
Fatosheg!!!!!

Nothing to add.
In the past I worked also for the Asian session but it's too tiring....

Thank you for the time frames. That put the technical analysis update about a hour ago and I was there to get it. Now I have to ask this question to you. I have found that the trend that is stated seems to be the exact opposite of what is going to happen. The Tech Ana predicted AUD/USD..EUR/USD and GBP/USD all in a down trend and USD/CAD in an upward trend. I bought the pairs to go the exact opposite way and just made 136 pips. Am I not understanding something? So far I have done this( the opposite of TECH Ana) on about 20 pairs and I have scored well. If I had purchased the pairs following the predictions of Tech Ana I would have lost a great deal. How can these predictions be so far off on so many pairs. Don't take this as a complaint of loss..I made alot of pips by doing the opposite. So as a trader what do you do when a pair goes 40 pips in the opposite way? Why can't the people that write these Tech things seem to get it right.

Maybe you trade on different time frame. I work on hourly, 4 hours and daily charts.
I can have a downtrend with my trading system while you have an uptrend on yours.

As I repeat, I am a trend follower. I rarely trade reversal configuration. And today, as every day, I have just followed the trend.




And of course I can make some mistakes... I work hard to be as good as you are.

I just have to get this out for people to see. The last updates were so far off it is crazy. They are accurate in the starting points..example EUR/USD 1.5435..it was there..but a down trend was predicted and the pair went 54 pips up! A short position with a stop at 1.5470. The pair sailed thru that stop and climbed another 10. I have found if I do the opposite of the predictions I will make alot of pips. What good are predictions if they are taking a pair in the wrong direction. There are 12 Technical updates that just came out. I bought 5 pairs to do the opposite and they did. The remaining 7 are also way off base. FOREX is black and white. Why is this information so far off base? A little variance I can understand..but to be 40 and 50 pips wrong..I am a newbie but even I could catch this..and did..OK traders tell me how this advice is helpful? I can tell you I've made out well by doing the opposite.

Dear Pecsnleather,
If I can help you by giving you the opposite of what to trade, and if you can win a lot of money by following the opposite of my recommendations I will be the happiest.
But don't forget your stop loss, unfortunately I can win some day...

I'm not experienced enough to really know time frames. All I do is find out what is happening to make currency changes.I knew the figures for Australia were going to be good news so about 10 minutes before the report I bought AUD and 4 currencies. In 5 minutes I had 224 pips..sold and reversed to catch another 124 and cashed out w/348 pips in 15 minutes. My last trades brought in 128 pips which put me over my 500 a day. When you take a long look at EUR/USD like 4 hour the Bollinger clearly shows a downtrend. I'm not experienced enough to know how to read the long term trends. It would be nice because it would free me from the monitor. I will be there someday but for now I have set a 500 pip a day goal. Somedays I'm there in an hour or so and some times I'm hitting an 8 hour day. I'm still amazed at FOREX. I don't bother telling anyone about it because it's sounds too good to be true..and with all the things to learn I'm looking at 50K weeks with expectations. Also Thank you for taking the time to really give me answers. I'm 61 so I'm a long way from school days. Your help is great..JDH

Hi Pecsnleather, I was curious to an update on your trading sucsess. I have never heard of anyone making 500 pips a day, that is amazing!!
Please let us all know how it is going for you.

After reading his posts, do you really want to follow his trading method ? .....come on man.... he said he "doesn't even know much about what timeframes are"

Pure fantasy!