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  • #19,761
  • Aug 12, 2008 4:39am Aug 12, 2008 4:39am
Quoting gmohata
dont mind to be offensive - but do you really trade the forex market ? why the heck should ECB intervene when what they really wanted is unfolding ?

do you realise that a weak currency is the only thing central banks of a expoting nation pray and work for ?
Don't look on the export side ONLY bro. There's many things in the FOREX world which is unfolded. For me as an Intraday, Long and Short is the best answer.

  • #19,762
  • Aug 12, 2008 4:41am Aug 12, 2008 4:41am
Hello again all,

Can someone tell me a little about your use of Trailing Stops? Metatrader gives options for 15, 25, 30 ...all the way up to 300. What do you all typically use, and when would you change higher or lower?

I have gotten run out with no profit a few times recently using 15 TSL.

Wish I had something to give back to this great forum, but (1) my knowledge is limited and (2) my money is trying to get away from me after last Friday.

As always, much appreciated, and have a good day trading.
Ed
Up or down, gimme a ticket
  • #19,763
  • Aug 12, 2008 4:43am Aug 12, 2008 4:43am
Algirdas, you STAY right here. Your input is of great value.
  • #19,764
  • Aug 12, 2008 4:53am Aug 12, 2008 4:53am
Quoting merweg
Algirdas, you STAY right here. Your input is of great value.
Thank you very much
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  • #19,765
  • Aug 12, 2008 4:55am Aug 12, 2008 4:55am
Quoting Algirdas
My gol every Call and every trade 100 -300 pips, maybe I'm in wrong place. Tell me and I'll move.
please dont.. I enjoy reading your analysis/opinion
Money often costs too much...
  • #19,766
  • Aug 12, 2008 4:56am Aug 12, 2008 4:56am
Quoting SpecialEd
Hello again all,

Can someone tell me a little about your use of Trailing Stops?
Ed
I don't use them but that's a personal choice, I'm a great believer in trading KISS..."Keep it Stupid Simple"

Since this EUR/USD thread, i recommend a search in the forums where I'm sure you'll find your answer...

Cheers
  • #19,767
  • Aug 12, 2008 4:58am Aug 12, 2008 4:58am
Quoting Algirdas
My gol every Call and every trade 100 -300 pips, maybe I'm in wrong place. Tell me and I'll move.
Your inputs are highly appreciated Algirdas, I have a quick look at your blog spot nearly every day...
  • #19,768
  • Aug 12, 2008 5:03am Aug 12, 2008 5:03am
Quoting Shadowfx
I don't use them but that's a personal choice, I'm a great believer in trading KISS..."Keep it Stupid Simple"

Since this EUR/USD thread, i recommend a search in the forums where I'm sure you'll find your answer...

Cheers
Hey, you're right. Thanks for the tip, and sorry to get off topic.
Up or down, gimme a ticket
  • #19,769
  • Aug 12, 2008 5:06am Aug 12, 2008 5:06am
Quoting Algirdas
Thank you very much
Hi algridas...i've opened your blog and its cool.....man...

bravo....
  • #19,770
  • Aug 12, 2008 5:15am Aug 12, 2008 5:15am
Can I ask Traders a BIG FAVOUR. When you post a trade or a chart, can you explain the reason for that and the logic for that matter. We can only learn. By doing that, you can have positive debates and the critics will stay silent and will start taking note.
  • #19,771
  • Aug 12, 2008 5:17am Aug 12, 2008 5:17am
Quoting airwind
Hi algridas...i've opened your blog and its cool.....man...

bravo....
Not too shabby, your blog is.
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  • #19,772
  • Aug 12, 2008 5:17am Aug 12, 2008 5:17am
Euro looks ripe for another sell off during early US session.
  • #19,773
  • Aug 12, 2008 5:30am Aug 12, 2008 5:30am
I don't like the current price action at all - no clear direction so US numbers later today will probably tell the direction.

My plan is to be flat before they are announced and trade based on price action after the announcement.
  • #19,774
  • Aug 12, 2008 5:36am Aug 12, 2008 5:36am
The trend is still going down south. Might go to about 1.44xx or 1.45xx. I will look at oil price to drop to USD90 and then Euro will rebound with it.

Quoting KingOfDinar
Hi,

I am new to this thread. But what I can say, later this beast will be testing 1.47xx. And as for now I dont know what is going to happen to this pair. Haywire...
  • #19,775
  • Aug 12, 2008 5:38am Aug 12, 2008 5:38am
I think the market is waiting for one shred of bad news from us and up goes the eur. dollar is looking heavy. And i agree price action is bad closed my short. I will wait
  • #19,776
  • Aug 12, 2008 5:44am Aug 12, 2008 5:44am
Quoting NoBread
I think the market is waiting for one shred of bad news from us and up goes the eur. dollar is looking heavy. And i agree price action is bad closed my short. I will wait
I really feel the bottom is 1.4800

Low overnight was 1.48141 on FXCM platform. I agree that the market needs a reason to rally. Gold tested $800 US and held. The benefit of Oil around $113.00 foe equity markets is over. US Data coming out over next few days. I feel a bounce in the air with Stops above.

First Step is getting over 1.4900 and holding. 1.4950 should do it. Watch and be ready...

Good Morning !!!
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  • #19,777
  • Aug 12, 2008 6:06am Aug 12, 2008 6:06am
This is a way to see what is changing as the day goes on. It helps to see where the money is flowing.

Dow Futures are down 8 and Oil is down $ .85 cents at $113.60 US

Gold is down $6.90 at $821.40

The 2 Year Bond Yields are at 2.52% and the 10 Year Bond Yield is at 3.98%

The spread is 146 Basis points. Once again EUR/USD got over 1.4900 but could not hold.

The Europe indices are up but only barely. More bad news in Banks with UBS and JP Morgan announcing more Write downs in the Billions.

Dow is ready for a correction and the Trade Numbers come out at 8:30 AM

Stay Tuned and watch the Money Flow.

Any Questions I will answer if submitted !


Bruce
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  • #19,778
  • Aug 12, 2008 6:07am Aug 12, 2008 6:07am
hi guys

I just got home and opened the charts now.

Just looking at it off hand it appears that we could re-trace upwards but I have my doubts since we breached the previous day's 'low'. At the moment I'm bearish in my thinking as to where this chart is going.

I'm going to go back a few pages and read what you guys think

Hope that the trades have gone well with you all
  • #19,779
  • Aug 12, 2008 6:11am Aug 12, 2008 6:11am
11:04 EUR/USD: Rebound Struggles In 1.49"s London, August 12. Into the North American open and EUR/USD may garner some directionality from the impending US data. Moderately hawkish ECB rhetoric has been overlooked thus far with markets looking at geopolitics to shape interests. At 12:30 GMT June Trade data is released with August Consumer Confidence following at 14:00 GMT. After the European closes the July Federal Budget data is released but it will be the early brace that shapes the bias towards the Dollar.

EUR/USD removed 1.4850 in the Asian/European crossover but spot attempted to bounce as the European morning progressed, after several Swiss buyers bought over a yard into the 1.4814 lows. Russian buyers have also aided the EUR/USD rebound but spot has struggled amid the move back into the 1.49"s as selling strength remains preferred in the short-term.

Further topside stops are noted in the 1.4930"s, so any break above here could accelerate the move higher - with the 1.4950 level then coming into view. While on the downside, there is little left until 1.4800 comes into sight. [email protected]
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  • #19,780
  • Aug 12, 2008 6:21am Aug 12, 2008 6:21am
Quoting sed
..true..cant argue w/that..for my condition.. thats my first week that i mention before..learn the basic (via babypips,forum, book,youtube,etc)..learn the platfom..make a couple profitable trading..and try grasp the feeling .. (i have bad habit, i cant concentrate, without any tension or pressure)..
anyway thanks for your reply,altrader
no worries mate. I hope that your trading goes well
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