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EURUSD

  • #21,541
  • Aug 19, 2008 8:05am Aug 19, 2008 8:05am
Quoting seesaw
Okay, can we please focus on EUR/ USD now? Please?


Got carried away.
  • #21,542
  • Aug 19, 2008 8:05am Aug 19, 2008 8:05am
Quoting acumen
Here are my last 900 trades.

Additionally - maybe you could make those charts a little bigger.

If you've doubled your account twice in 2 months you are trading too much on each trade.

I win consistently - week after week - month after month.

Don't much give a sh#t about one month... every squirrel finds a nut now and then.
You guys just can't stay away from personal attacks and petty competions. I will point out: (1) none of your back and forth banter is putting money in your pockets and (2) while you're jawing (like me now), you risk being distracted from your trading - and blowing up; and lastly (3) most of us who come to this thread for EUR/USD insight don't appreciate your unproductive rants. Come on guys, please.
Up or down, gimme a ticket
  • #21,543
  • Aug 19, 2008 8:07am Aug 19, 2008 8:07am
Quoting Warren Forex
acumen is one of the most professional and knowledgeable and helpful traders on this forum.

Your great knowledge and trading results unverified might be needed more over at Oanda. I cause enough disruption by trying to help others here so we really do not need personal insults here. Please stick to the topic EUR/USD and leave your EGO elsewhere.

Please do not bother to answer my post because you have nothing to offer but abuse. Have a great day and please follow the rules so others are not distracted.


Bruce
It's trying really hard here to find a base... Full Disclosure: I'm Flat

I think we see .4600 in the near future.

Mike
  • #21,544
  • Aug 19, 2008 8:08am Aug 19, 2008 8:08am
Hello everybody!
I am a newbie. I am learning to trade with EUR /USD pair. I read your comments for two month. It seems really interesting community here
Also I would like to thank experienced traders for their input . I guess it is a good oportunity to lear a lot.

Sergei
  • #21,545
  • Aug 19, 2008 8:09am Aug 19, 2008 8:09am
Quoting Neil
Is there a way noobies can tell who's savvy and who's a nob end on here?
kodie2006 + acumen and daanman3


You need to do some of the work yourself by deciding things for yourself. Practise on a demo account. Get yourself some confidence. Good Trading !


Bruce
{Promotion Removed}
  • #21,546
  • Aug 19, 2008 8:11am Aug 19, 2008 8:11am
Why everybody evaluate US economy with DJ index? I thought that the US market index is S&P500.. Does DJ has a better correlation with US/EUR pair?
  • #21,547
  • Aug 19, 2008 8:13am Aug 19, 2008 8:13am
Quoting SpecialEd
You guys just can't stay away from personal attacks and petty competions. I will point out: (1) none of your back and forth banter is putting money in your pockets and (2) while you're jawing (like me now), you risk being distracted from your trading - and blowing up; and lastly (3) most of us who come to this thread for EUR/USD insight don't appreciate your unproductive rants. Come on guys, please.
We are back at S1 and right now it looks bid but I don't trust.

I'm on the sidelines and I'll wait until Fisher runs his pie hole before I look for a position.

I don't like this price action at all.
  • #21,548
  • Aug 19, 2008 8:17am Aug 19, 2008 8:17am
Quoting seesaw
Long EUR/USD with TP 46.88. Short USD/ JPY


got out long position early.. too dicey
  • #21,549
  • Aug 19, 2008 8:18am Aug 19, 2008 8:18am
No, we're already far away from s1... That was a 30 pip 5m candle, what the.. who died??
On the path to Enrichment.
  • #21,550
  • Aug 19, 2008 8:18am Aug 19, 2008 8:18am
Quoting chuvaki
Why everybody evaluate US economy with DJ index? I thought that the US market index is S&P500.. Does DJ has a better correlation with US/EUR pair?
DJ has no correlation with eur/usd. I don't follow any correlation with eur/usd. Just look at this chart and decide.
  • #21,551
  • Aug 19, 2008 8:20am Aug 19, 2008 8:20am
The Yield on the 2 Year Bonds is now down to 2.27% and the Spread is increasing on the 10 Year Bonds. The 10 Years are now at 3.81% and the Spread is 154 Basis Points. Be careful until we find out what is UP.

I cannot be sure BUT I had speculated the massive INTERVENTION of past weeks happened for a reason. Maybe the Dow is ready for a 500 Point drop now. Who knows for sure but we are not in normal times.


Bruce

Yen Carry Trade unwinding would remove even more credit. Read my previous posts on Credit Contraction.

I bet many here think making money in Forex is just a case of following those lines up and down. There is a lot more to it than that.


Bruce
{Promotion Removed}
  • #21,552
  • Aug 19, 2008 8:24am Aug 19, 2008 8:24am
Quoting seesaw


got out long position early.. too dicey
  • #21,553
  • Aug 19, 2008 8:26am Aug 19, 2008 8:26am
Quoting airwind
Hey, I'll take my 30 pip profit instead of a 100 pip loss
  • #21,554
  • Aug 19, 2008 8:29am Aug 19, 2008 8:29am
Quoting Jurrasic
Hmm... doesn't look like that to me, I'd say rather 4570, yet again.. But we'll live and find out..

{Promotion Removed}
  • #21,555
  • Aug 19, 2008 8:30am Aug 19, 2008 8:30am
interesting thing for me is that gold went up a lot against the USD just a little while ago and now we see that the EURO is going up as a potential consequence?

Gold up
USD down

therefore Euro UP?

Also...Oil appears to be inclining upwards but in a range (using the 1hr chart).
  • #21,556
  • Aug 19, 2008 8:31am Aug 19, 2008 8:31am
Quoting WhipSawFX
Cool, well I wish you luck. It seems like as good a way as any to enter the market. The key is discipline. If you can stick with a plan, you should be ok.

Still Demo is only useful for learning how to put an order in / cancel them ...

Most people find that it takes a few years trading real money to become really profitable, consistently. Thats why the high failure rate is often associated with futures/forex trading. Most people become disillusioned and quit. Two months doing a demo - working out a strategy gets you ready for the chop. A strategy can work for six months, make amazing money, then in no time at all, you can lose it all, because the market changes its direction / behaviour.

Being profitable with a system is a short term thing. Generally the market is always changing, but the two main phases are trending and consolidation. As soon as you have the discipline to trade those and the breakout between them you are probably disciplined enough to throw copious amounts of real money at it.

Throwing cash around with the price action and scalping / micro trading the intra day consolidations between moves is a pretty good way to go, and get used to trading. Generally, you should aim to get to something called subconscious competence, where you just trade without really knowing how you do it... its essentially where Im at. Expose yourself to it enough, and you just get a feel for it.
Good Trading.

I found a lot about trading is learning about yourself and how you react to greed/stress / different situations.

Deposite 0.1% of your current savings
This quote really caught a nerve with me. I have felt of recent times that a trader who spends enough time can become instinctive with their trades. I am feeling that this is what I am experiencing. This however is the first time I have had anyone dare suggest it. Those dedicated to having a trading plan that must be stuck to have always been in such great number that I have not even dared ask about my feelings here. Nice to see someone prove the point I had been thinking, well done on your success.
  • #21,557
  • Aug 19, 2008 8:35am Aug 19, 2008 8:35am
Quoting chuvaki
Why everybody evaluate US economy with DJ index? I thought that the US market index is S&P500.. Does DJ has a better correlation with US/EUR pair?
I do believe that the markets have correlation between them, because that talks about where the people faith is, just to say. I've seen that when the S&P goes down the euro goes up, that is not a gold rule, and is not exactly number of pips in one to the other but it does tends to help things in the long run.

Good trades

ANA

By the way, guys relax our job is stressfull enough to star fighting over the market, the market does what it wants, we just read it, and we all read different.
  • #21,558
  • Aug 19, 2008 8:36am Aug 19, 2008 8:36am
Hedge fund SageCrest Finance, which once invested roughly $900 million, has filed for Chapter 11 bankruptcy protection.
The Greenwich, Connecticut-based fund, managed by Windmill Management, describes itself as a "credit opportunity fund" that provided short-term debt to companies, according to its website.
People familiar with the fund, which once counted Russell Investments among its clients, said it has been battered by losses in the debt markets plus mounting lawsuits.

More Bankruptcies:

  1. Linens 'n Things Plans Bankruptcy Exit
  2. Mrs. Fields to File for Bankruptcy
  3. Alabama County Faces Biggest Municipal Bankruptcy



In its bankruptcy petition filed on Sunday in U.S. bankruptcy court in Connecticut, the fund listed assets of $50 million to $100 million and debt in the range of $1 million to $10 million.
SageCrest is the latest in a growing number of hedge funds to face losses in the wave of soured bets in the credit market.
In the first seven months of the year, the average hedge fund lost 3.54 percent and managers and investors at various funds have said that many clients are pulling their money out of these portfolio


something that attracted my attention and worth sharing i think.. the market is really messy now...

Alpe

  • #21,559
  • Aug 19, 2008 8:38am Aug 19, 2008 8:38am
Quoting seesaw


got out long position early.. too dicey
you have reached your tp
  • #21,560
  • Aug 19, 2008 8:40am Aug 19, 2008 8:40am
Quoting airwind
you have reached your tp
Yes, but I have to say, I was waiting for the rug to be pulled from my feet every second.

This price action is making me jumpy!!!
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