QuoteDislikedLooks like folks are sellers
Apparently, majority of liquid is on looonnggg side thats why euro is going down, I have no idea how you senior guys evaluate a situation.
Hello World!
Cable Update (GBPUSD)
- #28,601
- Sep 3, 2007 10:58am Sep 3, 2007 10:58am
- | Commercial User | Joined Aug 2007 | 6,072 Posts
Hello World!
- #28,602
- Sep 3, 2007 11:10am Sep 3, 2007 11:10am
- | Joined May 2007 | Status: Trader | 4,716 Posts
Apparently, majority of liquid is on looonnggg side thats why euro is going down, I have no idea how you senior guys evaluate a situation.
Hey, I'm just looking at the charts...and that is what it looks like to me.
Also, I'm not a senior guy....still learning and one thing is for sure...the market always tells the story........
- #28,603
- Sep 3, 2007 11:17am Sep 3, 2007 11:17am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
On my side, I still don't get why Euro and Cable are trading so detached from each other.
right now Euro is a bearish candle in the daily putting new low after new low, while Cable is not only bullish as never traded the daily open....
Euro and swiss are going along, while either cable is so full of itself that it's not anyone's patsy, or it was just forgotten.
right now Euro is a bearish candle in the daily putting new low after new low, while Cable is not only bullish as never traded the daily open....
Euro and swiss are going along, while either cable is so full of itself that it's not anyone's patsy, or it was just forgotten.
- #28,604
- Sep 3, 2007 11:20am Sep 3, 2007 11:20am
- Joined Jul 2007 | Status: al zahr | 2,820 Posts
WHAT A NICE DAY. I have scalped 5 pips (-spread) 
.
- #28,605
- Sep 3, 2007 11:21am Sep 3, 2007 11:21am
- | Commercial User | Joined Aug 2007 | 6,072 Posts
On my side, I still don't get why Euro and Cable are trading so detached from each other.
Let Euro fall, the majority of traders will start selling cable giving it enough room to sustain or stay bullish.
OR if cable shoots, or sustain, everyone starts buying euro making it fall
Market plays with our minds, my 2 cents !!!
Hello World!
- #28,606
- Sep 3, 2007 11:33am Sep 3, 2007 11:33am
- | Commercial User | Joined Aug 2007 | 6,072 Posts
WHAT A NICE DAY. I have scalped 5 pips (-spread)
I tried but couldn't make a booty like this, so I better hit bed now and try it in dreams.
Good Night/Day everyone and wish ya guys loads of pips
Cheers
Hello World!
- #28,608
- Sep 3, 2007 11:45am Sep 3, 2007 11:45am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #28,611
- Sep 3, 2007 12:15pm Sep 3, 2007 12:15pm
- Joined Jun 2006 | Status: Trend is not my friend | 1,492 Posts
On my side, I still don't get why Euro and Cable are trading so detached from each other.
right now Euro is a bearish candle in the daily putting new low after new low, while Cable is not only bullish as never traded the daily open....
Euro and swiss are going along, while either cable is so full of itself that it's not anyone's patsy, or it was just forgotten.
- #28,612
- Sep 3, 2007 12:18pm Sep 3, 2007 12:18pm
- Joined Jun 2006 | Status: Trend is not my friend | 1,492 Posts
WHAT A NICE DAY. I have scalped 5 pips (-spread)
you could have scalped 6 pips every 1 hour today
open trade @ 2.0170 close trade @ 2.0180
then wait till it go back to 2.0170 and buy again @ 2.0170 and close trade @ 2.0180, you could have repeated this as much as you could
- #28,613
- Sep 3, 2007 12:18pm Sep 3, 2007 12:18pm
- Joined Sep 2006 | Status: Trader | 2,272 Posts
i also had some wining positions turning into big loosers,...so i dont think that anybody can convince me not to take the profit,...last week after i was stopped out completly, i scalp eur/jpy low margin, and vpc full margin,..just to not forget how the scalping goes,.. i almost forget to take the profit while i trended the market,...so now i know how,..its simple, when u see a profit or when u think its going the other way just press take profit button....
its just money
- #28,614
- Sep 3, 2007 12:22pm Sep 3, 2007 12:22pm
- Joined Jun 2006 | Status: Trend is not my friend | 1,492 Posts
Question to the forum....why do you take some of your trades to breakeven???
Wouldn't even a +1 trade be better than breakeven??????
Nothing against anyone's trading style......I just trying to find out the logic...that's all....
I don't like to get out of a trade zero handed
- #28,615
- Sep 3, 2007 12:25pm Sep 3, 2007 12:25pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
when I say BE I use to make it +1 pip, but I post here BE, so whenever you see me writing BE, this means that it is +1
I don't like to get out of a trade zero handed
Thanks pino and peter.....makes sense to lock in at least a little profit.
Pino...hope we don't have another zig zag week........
- #28,616
- Sep 3, 2007 12:31pm Sep 3, 2007 12:31pm
- Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea
- #28,617
- Sep 3, 2007 12:39pm Sep 3, 2007 12:39pm
- Joined Sep 2006 | Status: Trader | 2,272 Posts
well i guess the aussy tread make a scalp breakout, lets see if it got the volume behind...
:
:
its just money
- #28,618
- Sep 3, 2007 12:56pm Sep 3, 2007 12:56pm
- Joined Sep 2006 | Status: Trader | 2,272 Posts
its just money
- #28,619
- Sep 3, 2007 12:58pm Sep 3, 2007 12:58pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #28,620
- Sep 3, 2007 4:16pm Sep 3, 2007 4:16pm
- Joined Jun 2006 | Status: Trend is not my friend | 1,492 Posts
The daily close for this boring day was 2.0179, I didn't like this figure