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Big Boys DID IT AGAIN

  • #81
  • Nov 26, 2006 4:28pm Nov 26, 2006 4:28pm
wow GBP just dropped 70 pips to 9400, does this mean that the big boys took there profit at 9470 ? wow we are going lower heres that retracemtent we were wondering about
Ghost Swoopen in for my pips while no one is lookin !!
  • #82
  • Nov 26, 2006 4:31pm Nov 26, 2006 4:31pm
I see the pound sliding like on the soup..unless all the trading floors employee in london are doing extrawork and trading now, it sounds absolutly 'unnatural' , in forex, such behaviour.
No market is open at this time
  • #83
  • Nov 26, 2006 4:31pm Nov 26, 2006 4:31pm
like i said always expect the unexpected, and you guys are right u dont have to know where price is going, next.. just follow the trend or ur system and thats it, and keep an even mind in both profit and loss...
  • #84
  • Nov 26, 2006 4:32pm Nov 26, 2006 4:32pm
I'm still holding onto my long USD positions. The short USD move was way too exaggerated. I don't see a reason why the dollar even dropped to above 1.9200 versus the Pound.
  • #85
  • Nov 26, 2006 4:37pm Nov 26, 2006 4:37pm
*hugs mr trend and twinchell*

Btw. Mr Trend I'd be one of the few interested in the breakout system you're trading as I believe it would probably combine well with price action. Since you mentioned it and using higher timeframes.
I think there might be a handful who would actually be able to use it properly, even though it is true that a lot, even if shown a working system, could not make money with it.

Everyone, take care and remember another forum members sig and trader saying: trade what you SEE, not what you THINK.

My best wishes,

SeekingLight
Trust price. Know yourself.
  • #86
  • Nov 26, 2006 4:37pm Nov 26, 2006 4:37pm
guys dont jump the gun too soon on that retracement again price action is still pointing up dont get stuck short, remain neutral theres alot of fundamental data out this week that could affect price action...
  • #87
  • Nov 26, 2006 4:40pm Nov 26, 2006 4:40pm
Quoting trucco
I see the pound sliding like on the soup..unless all the trading floors employee in london are doing extrawork and trading now, it sounds absolutly 'unnatural' , in forex, such behaviour.
No market is open at this time
Australia - OPEN
New Zealand - OPEN
Japan - will open within an hour from now...
  • #88
  • Nov 26, 2006 4:41pm Nov 26, 2006 4:41pm
and if the big boys have entered the market, theres only one way its going
  • #89
  • Nov 26, 2006 4:43pm Nov 26, 2006 4:43pm
Quoting enoc2g
guys dont jump the gun too soon on that retracement again price action is still pointing up dont get stuck short, remain neutral theres alot of fundamental data out this week that could affect price action...
Good post there. I agree, if you want a short... wait for it. Do not even dare try to scalp this thing for a few pips.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #90
  • Nov 26, 2006 4:45pm Nov 26, 2006 4:45pm
Quoting Rezo
Australia - OPEN
New Zealand - OPEN
Japan - will open within an hour from now...
About japan opening in few hours I was aware, but about first two no .
Anyway, price moves quite crazy for normal sunday at this time. dont you think ?
  • #91
  • Nov 26, 2006 4:46pm Nov 26, 2006 4:46pm
Superb thread - great posts from Mr Trend and Twinchell - I think you can see from the responses why most don't make it in Forex.

Trade with the trend or more than likely you will lose your shirt

I've been trading with this trend since last Sunday and am currently up 1500 pips - have done nothing special apart from trade with the trend and totally ignore those that were imploring me to close my GBPUSD long from 1.8954 since about 1.9050

Just trade what you see and try not to second guess where the reversal points are going to be.

Kind Regards
Steve
  • #92
  • Nov 26, 2006 4:51pm Nov 26, 2006 4:51pm
wow check out the current spread1.9150-1.9412 that has to be a record!
  • #93
  • Nov 26, 2006 4:51pm Nov 26, 2006 4:51pm
Quoting steviet
Superb thread - great posts from Mr Trend and Twinchell - I think you can see from the responses why most don't make it in Forex.

Trade with the trend or more than likely you will lose your shirt

I've been trading with this trend since last Sunday and am currently up 1500 pips - have done nothing special apart from trade with the trend and totally ignore those that were imploring me to close my GBPUSD long from 1.8954 since about 1.9050

Just trade what you see and try not to second guess where the reversal points are going to be.

Kind Regards
Steve
I would like to invite and remind to all of those here that are beheving like professors because one time they made a good trade of 1000 pips in 3 days, that this was an exeptional situation, and being 'lucky' or 'good' one time doenst make of you a good trader.
I see a bit too many lessons here, from some I know are good in the long term, and some I dont even know.

As I said, this was not a normal week, so this is not a good example to show 'IM A GOOD TRADER', or even worst, 'TO GIVE A LESSON' to those who lost money.

Cheers
  • #94
  • Nov 26, 2006 4:56pm Nov 26, 2006 4:56pm
Quoting trucco
I would like to invite and remind to all of those here that are beheving like professors because one time they made a good trade of 1000 pips in 3 days, that this was an exeptional situation, and being 'lucky' or 'good' one time doenst make of you a good trader.
I see a bit too many lessons here, from some I know are good in the long term, and some I dont even know.

As I said, this was not a normal week, so this is not a good example to show 'IM A GOOD TRADER', or even worst, 'TO GIVE A LESSON' to those who lost money.

Cheers
I'm sorry, I really didn't mean to come across like that - I'll keep my opinions to myself from now on. I appreciate last week was exceptional but for those trading with a trend system it's the payback week that they wait for.

Kind Regards & thanks for the kind welcome
Steve
  • #95
  • Nov 26, 2006 4:58pm Nov 26, 2006 4:58pm
Quoting trucco
I would like to invite and remind to all of those here that are beheving like professors because one time they made a good trade of 1000 pips in 3 days, that this was an exeptional situation, and being 'lucky' or 'good' one time doenst make of you a good trader.
I see a bit too many lessons here, from some I know are good in the long term, and some I dont even know.

As I said, this was not a normal week, so this is not a good example to show 'IM A GOOD TRADER', or even worst, 'TO GIVE A LESSON' to those who lost money.

Cheers
Yep, currencies are like women, just when you think you have them fooled, it's just the opposite. That's why they call them the opposite sex.
  • #96
  • Nov 26, 2006 4:59pm Nov 26, 2006 4:59pm
Quoting trucco
I would like to...
... this was not a normal week....

Cheers
Yep, such moves are not a usual thing. Even if we take the weekend when Saddam was captured, we had a 170 pips gap on EURUSD (as far as I remember).

And now, without any serious reason except for thin market conditions and friday squeeze and break of several strong levels (which operantly triggered some huge stop sell orders on US$)- we have almost same gap...

abnormal indeed.

But! Trend is your friend, no matter conditions.

(Right Mr Trend? )

Good Luck!

Rezo
  • #97
  • Nov 26, 2006 5:00pm Nov 26, 2006 5:00pm
Quoting steviet
I'm sorry, I really didn't mean to come across like that - I'll keep my opinions to myself from now on. I appreciate last week was exceptional but for those trading with a trend system it's the payback week that they wait for.

Kind Regards & thanks for the kind welcome
Steve
Hi steviet,

I didnt mean you in particular, yours was just the last post I saw in this thread where everybody seems to be giving lessons today
My apologise. And welcome.

I just think that is a bit too easy to say :
'just follow the trend', because this is absolutly unnormal situation, and if forex would be always like this, we would be all rich, if a trend lasts 500 pisp in 3 days everytime...like this , following the trend is easy for sure

But the reality is a bit different...
Everybody wants to trade with the trend, unless he likes to harm himself
  • #98
  • Nov 26, 2006 5:01pm Nov 26, 2006 5:01pm
Quoting trucco
I would like to invite and remind to all of those here that are beheving like professors because one time they made a good trade of 1000 pips in 3 days, that this was an exeptional situation, and being 'lucky' or 'good' one time doenst make of you a good trader.
I see a bit too many lessons here, from some I know are good in the long term, and some I dont even know.

As I said, this was not a normal week, so this is not a good example to show 'IM A GOOD TRADER', or even worst, 'TO GIVE A LESSON' to those who lost money.

Cheers
I agree, this has been an odd few trading days. I just dont want people flooding the market with long entries right now without a system telling them to do so. I personally wasnt part of this move because I dont have a system telling me to be long. My system says be short eur/usd and long usd/jpy. I will patiently wait for an entry to get into the market.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #99
  • Nov 26, 2006 5:02pm Nov 26, 2006 5:02pm
Quoting Rezo
Yep, such moves are not a usual thing. Even if we take the weekend when Saddam was captured, we had a 170 pips gap on EURUSD (as far as I remember).

And now, without any serious reason except for thin market conditions and friday squeeze and break of several strong levels (which operantly triggered some huge stop sell orders on US$)- we have almost same gap...

abnormal indeed.

But! Trend is your friend, no matter conditions.

(Right Mr Trend? )

Good Luck!

Rezo
I think is more than that. An academic paper in China indicating that China will be diversifying currency reserves is more like it.
  • #100
  • Nov 26, 2006 5:03pm Nov 26, 2006 5:03pm
Quoting trucco
Hi steviet,

I didnt mean you in particular, yours was just the last post I saw in this thread where everybody seems to be giving lessons today
My apologise. And welcome.

I just think that is a bit too easy to say :
'just follow the trend', because this is absolutly unnormal situation, and if forex would be always like this, we would be all rich, if a trend lasts 500 pisp in 3 days everytime...like this , following the trend is easy for sure

But the reality is a bit different...
Everybody wants to trade with the trend, unless he likes to harm himself
Apology accepted - My dad is a retired teacher - maybe that's where I get it from :

Kind Regards
Steve
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