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  • #23,521
  • Aug 25, 2008 9:22am Aug 25, 2008 9:22am
I have noticed the last few months that on days of important news releases, prior to markets seem to be either very bullish or bearish, eg on nfp day the e/u will fall tricking traders into thinking that we expect a good nfp, when the nfp comes out good, the e/u instead of falling any more actually rises, this has happened a few times in last few months, the price has been well and truly factored in this seems to be very very common now,
Tom
  • #23,522
  • Aug 25, 2008 9:24am Aug 25, 2008 9:24am
Quoting SunTrader
It doesn't matter whether the news is good, bad or indifferent.

It matters how markets react to it.

dat true!
  • #23,523
  • Aug 25, 2008 9:25am Aug 25, 2008 9:25am
There Is No Way Out ... Things must find their proper level. When The FED is finished trying to Elect their Bosses choice "John" All Heck Will Break loose so Barack can get the blame just like Bernake for Greenspan.

Intervention NEVER works For Ever !!!

US Dollar Index Will Break 70 Before It Sees 80 again...


Count on It BUT make your own Decision. I just share my views here NOT trying to Tell you what To Do Or Think but giving you some clues.

Are We All Happy ?


Bruce
{Promotion Removed}
  • #23,524
  • Aug 25, 2008 9:28am Aug 25, 2008 9:28am
Quoting booktimes
I have noticed the last few months that on days of important news releases, ..............
That is one of the main reasons for my comment.
  • #23,525
  • Aug 25, 2008 9:30am Aug 25, 2008 9:30am
Quoting SunTrader
It doesn't matter whether the news is good, bad or indifferent.

It matters how markets react to it.
We also agree that eventually the facts will decide the direction once everyone sees the same facts such as Lehman going Bankrupct for example.

The FED needs to let someone fall because of their bailing out Fannie and Freddie...

They are and will take a LOT of Heat during the Election Campaign ...


Count on It !!!


Bruce
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  • #23,526
  • Aug 25, 2008 9:32am Aug 25, 2008 9:32am
Quoting trading801
thanks bro.. i am glad you noticed and cared.. well .. i am actually not gambler in the sense.. how should i put it .. ok basically i look at 2 points..

1) fundamentals
2) medium - short term trends..

so 1) to me now US is getting better vs euro so short
2) for past weeks.. short

hence my positions are usually short with HIGH SL like 200 pips to ride out waves.. >> this is because i am still not very adept at identifying entry points.. like that day (-200pips) and today -170pips..

but any bros here will want to correct me with experience? i am always humble and sincere to learn...
I told you that holding your 4715 trade might work out and give you profit with a test of 4700 before moving up and it did. you could have gotten profit, re-evaluated and maybe entered a buy. that was the smart play. Actually, the smart play was to go to bed and rest, which is what I did. Sorry you are still losing. I tried to help.
  • #23,527
  • Aug 25, 2008 9:33am Aug 25, 2008 9:33am
Quoting Warren Forex
We also agree that eventually the facts will decide the direction once everyone sees the same facts such as Lehman going Bankrupct for example.

The FED needs to let someone fall because of their bailing out Fannie and Freddie...

They are and will take a LOT of Heat during the Election Campaign ...


Count on It !!!


Bruce
Aah.. All is clear then, it's a good thing I entered this 10 pips trade now then
On the path to Enrichment.
  • #23,528
  • Aug 25, 2008 9:34am Aug 25, 2008 9:34am
i cant seem to get the direction this pair intends to take and i have a class to attend now.anyone has any ideas.short or long.
  • #23,529
  • Aug 25, 2008 9:35am Aug 25, 2008 9:35am
That Will have a Big Effect either way. It could be better than expected however I have seen conflicting views by the Big Players ...

I will look at what 4Cast is calling later on ...

Dow Looking Sick ... Yen Looking Strong ...EUR/USD wandering as Saxo said ...Oil is down. Gold is Down Dow is Down asnd Bonds are being bought for safety until they have a reason to sell again.


Bruce
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  • #23,530
  • Aug 25, 2008 9:39am Aug 25, 2008 9:39am
I asked for that so no comments please. Here is a EUR/USD Currency Update quite to the point before I go out for awhile...


14:16 EUR/USD: US Home Sales Better Than Expected USD Modestly Firmer New York, August 25th. EUR/USD slipped from 1.4797 to 1.4782 on news of a modest gain in US existing home sales (see previous), however the pair has recoiled to 1.4788/93 as traders re-assess whether the news is good enough yo sell on. After all the overall levels are still week, and over 11-mths supply is still a lot to chew on. The session top of 1.4807 was short lived with talk of sovereign sellers around the figure. Traders have been back and forth through current levels so many times that they have no interest to buy or sell here other than "must do" transactions or cross related plays.

The bottom of the Ichimoku cloud, strong resistance to Asian accounts, is located at 1.4790 on the hourly, the top of the cloud 1.4842; and with US traders eyeing daily Bollinger overbought levels at 1.4820/ 1.4850 the topside looks limited. Last at 1.4788. [email protected]
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  • #23,531
  • Aug 25, 2008 9:40am Aug 25, 2008 9:40am
Quoting oolides
i cant seem to get the direction this pair intends to take and i have a class to attend now.anyone has any ideas.short or long.
I just flipped a coin and tails ='s short.
USD Est Non Mortuus
  • #23,532
  • Aug 25, 2008 9:40am Aug 25, 2008 9:40am
Quoting oolides
i cant seem to get the direction this pair intends to take and i have a class to attend now.anyone has any ideas.short or long.
The weekly pivot is at 777 as I found out, that's why it's been such a notable s/r from the start of the week. If it breaks through now we're going down, otherwise back up for a while. I'm long with a 10 pip sl at 769, if it's above 80 again I'll add more, if I'm stopped out I'll short with a 10-15 pip sl.
On the path to Enrichment.
  • #23,533
  • Aug 25, 2008 9:41am Aug 25, 2008 9:41am
Quoting SunTrader
I wonder sometimes what posts you are reading. I have never posted (at least I don't think I have) on FF a long or short call. I give my bias on which direction I think the sentiment is strongest.

And I still think it is to the downside. I have felt that for a while. Right now I don't see anything changing for at least another 3-4 trading days and maybe not even then.
Hasn't your sentiment been dollar bullish for quite some time?

I'll speak for myself then.

The trend, the direction, the sentiment, the bias - call it what ever you want - remains dollar bullish.

Mike
  • #23,534
  • Aug 25, 2008 9:45am Aug 25, 2008 9:45am
Quoting PipAV8tor
I told you that holding your 4715 trade might work out and give you profit with a test of 4700 before moving up and it did. you could have gotten profit, re-evaluated and maybe entered a buy. that was the smart play. Actually, the smart play was to go to bed and rest, which is what I did. Sorry you are still losing. I tried to help.

arrghhh bro i guess i missed your post.. i only saw those that advised me to SL....sorry

sigh.. learning experience.. hopes it goes down now.. i believe over all it is usd bull so its ok.. i dont mind waiting for a day or two to be out of red... patience i guess...
  • #23,535
  • Aug 25, 2008 9:47am Aug 25, 2008 9:47am
Quoting PipAV8tor
What are YOUR charts telling YOU? You are down approx. 15 pips right now. It is a coin flip right now on the direction. I still think a test of 1.4700 is in the cards, but I am not in a trade, just watching, like you should be doing in MVHO. Since you are in, pick a stop that you can live with if it gets hit. Pick a potential profit target and see what happens. Next time, don't be "afraid" you are missing a major move. It is Sunday night or Monday morning, there will be plenty of trade ops this week. Next time wait for a good one that matches your trading plan. Good Luck!
Post # 23218 and several posts prior to that.

I would try patience before you enter the trade, then you won't need so much patience waiting for it to come back to you. You seem desperate and that is a bad way to be trading.
  • #23,536
  • Aug 25, 2008 9:49am Aug 25, 2008 9:49am
Quoting PipAV8tor
Post # 23218.
ahhhh...

bro...

thanks.. will remember this...
  • #23,537
  • Aug 25, 2008 9:54am Aug 25, 2008 9:54am
Try the thread I just sent you. Good info for new traders.
  • #23,538
  • Aug 25, 2008 9:59am Aug 25, 2008 9:59am
This is one ridiculously funny, freakin, thread.

Besides the few who know what they are doing there are the coin flippers, prognosticators, worry worts and the copy/pasting learning trader with OPM who when not here is probably in court.

  • #23,539
  • Aug 25, 2008 10:04am Aug 25, 2008 10:04am
SunTrader bro.. welcome to the club!

most important is we learn together and pip it!
  • #23,540
  • Aug 25, 2008 10:05am Aug 25, 2008 10:05am
For newbies I would recommend the following. 1% of capital at risk--this means a micro account in most cases. Pull up a daily chart. Put a 3ema and an 8 ema on and take a look. Now pull up a 15 min chart with the same emas and take a look. Trade the crossovers and exit at the next cross. Do not enter without a cross. This system will not save you from whipsaws but I have found it profitable. I am not the originator of this system--I found it here inFF.
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