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  • #3,921
  • Oct 1, 2008 9:12am Oct 1, 2008 9:12am
Are these rumors available to institutional traders only ? thanks.
  • #3,922
  • Oct 1, 2008 9:12am Oct 1, 2008 9:12am
Quoting BillyRayValentine
Right, and its a pain in the butt to decide Brings me back to my favorite post I ever wrote here: http://www.forexfactory.com/showpost...postcount=1253

BRV,

In that post you use the phrase:

"So lets see, for about 2 months of part-time work..."

What do you mean by "part-time" work in this context?

Thanks,
  • #3,923
  • Oct 1, 2008 9:13am Oct 1, 2008 9:13am
I am not sure how much credence people pay to price patterns, but on the Euro we have a head and shoulders pattern on the 4hr, with a price projection down to the M2 yearly pivot. Some food for thought
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  • #3,924
  • Oct 1, 2008 9:16am Oct 1, 2008 9:16am
that's a bailout failure spike rather than head and shoulders in my opinion....these days technical analysis is quite useless....mess must be settled first
  • #3,925
  • Oct 1, 2008 9:20am Oct 1, 2008 9:20am
One more thing BillyRay


what do you look for when you look at CME group EU style options daily volume ? Does the volume indicated a possible bias for the day ?
  • #3,926
  • Oct 1, 2008 9:26am Oct 1, 2008 9:26am
Quoting lumesh
Are these rumors available to institutional traders only ? thanks.
Nope you can get them through IFR (reuters) through oanda's news feed (need a demo) or gft publishes some on thier website http://www.gftforex.com/resources/news.asp ....retail brokers but the orders get published to everyone in hopes of gaining market momentum.
  • #3,927
  • Oct 1, 2008 9:29am Oct 1, 2008 9:29am
Great thread. no fluffy indicators, just fundamentals and S&R, am in. Emperor
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
  • #3,928
  • Oct 1, 2008 9:30am Oct 1, 2008 9:30am
Quoting 4Xfactor
BRV,

In that post you use the phrase:

"So lets see, for about 2 months of part-time work..."

What do you mean by "part-time" work in this context?

Thanks,

Oh I was just saying that because of the few number of trades taken/listed there. Sorry if it sounds salesey or cheesey or something......
  • #3,929
  • Oct 1, 2008 9:32am Oct 1, 2008 9:32am
Quoting pipeye
I am not sure how much credence people pay to price patterns, but on the Euro we have a head and shoulders pattern on the 4hr, with a price projection down to the M2 yearly pivot. Some food for thought

thanks pipeye! you da man......by the way Im really familiar with this technique (its from Tom DeMark) and I got a projection of about 3800 (high 37's) using the bigger trendline. you agree?
  • #3,930
  • Oct 1, 2008 9:33am Oct 1, 2008 9:33am
Quoting okehiedon
Great thread. no fluffy indicators, just fundamentals and S&R, am in. Emperor
yeah we sleep on the floor around here! thanks, no fluffiness allowed in this thread. teddy bears and cci's are for tots.
  • #3,931
  • Oct 1, 2008 9:35am Oct 1, 2008 9:35am
Quoting BillyRayValentine
Oh I was just saying that because of the few number of trades taken/listed there. Sorry if it sounds salesey or cheesey or something......
BRV,

You cheesy! Never .

Thanks for the clarification.
  • #3,932
  • Oct 1, 2008 9:38am Oct 1, 2008 9:38am
Quoting lumesh
One more thing BillyRay


what do you look for when you look at CME group EU style options daily volume ? Does the volume indicated a possible bias for the day ?
same as any stock chart or anything else - strong volume, strong move = continuation or reach into the area of the naked strike - put/call ratio also looked at in order to see where the masses are looking
  • #3,933
  • Oct 1, 2008 9:49am Oct 1, 2008 9:49am
Quoting BillyRayValentine
Rumors of lots of orders / bidding going on around these areas in order to curb volatility on eur 1.4000, offers on chf 1.3000, etc.....just a heads up.

Im long EUR in the 3990's for the time being, but protecting....
-----------------
BRV,

What's your stop loss and target value for this order?
  • #3,934
  • Oct 1, 2008 10:00am Oct 1, 2008 10:00am
Quoting BillyRayValentine
thanks pipeye! you da man......by the way Im really familiar with this technique (its from Tom DeMark) and I got a projection of about 3800 (high 37's) using the bigger trendline. you agree?
Hey BRV!

I have a 623 pip projection down to 1.3700 on the nose -- measured from peak to middle of trendline--. I am torn on this one, as I have a long order in at 1.3997 and I want to see this sucker run. What are your feelings here, do you think we will make it up to fill the gap 1.4565-1.4587?
  • #3,935
  • Oct 1, 2008 10:39am Oct 1, 2008 10:39am
Quoting komalsid
-----------------
BRV,

What's your stop loss and target value for this order?
Target is 150 pips for now. Im up about +50 right now so Im going to lock at breakeven soon. Otherwise, the local low here around 3974.
  • #3,936
  • Edited 4:30pm Oct 1, 2008 11:40am | Edited 4:30pm
Quoting BillyRayValentine
thanks pipeye! you da man......by the way Im really familiar with this technique (its from Tom DeMark) and I got a projection of about 3800 (high 37's) using the bigger trendline. you agree?
TD's projections for TL BO rarely reach the full "potential". I typically budget for 50% of the TD calcs.
One Chart is Worth Ten Thousand Words.
  • #3,937
  • Oct 1, 2008 2:11pm Oct 1, 2008 2:11pm
Quoting BillyRayValentine
Target is 150 pips for now. Im up about +50 right now so Im going to lock at breakeven soon. Otherwise, the local low here around 3974.

I am also curiious as to you SL...used to be TP 240 - SL 40.....is it still forty initially???

thanks
  • #3,938
  • Oct 1, 2008 3:14pm Oct 1, 2008 3:14pm
Hi BRV and Fellow Traders, i am a trader of 3-year experience, have tried everything and traded almost all pairs. Lately i have become more and more interested in trading price action, momentum, and S/R/Trendlines ...etc. I stumbled across your thread and it was right on the spot . Please count me in. Thank you for a great thread and for sharing .
  • #3,939
  • Oct 1, 2008 4:07pm Oct 1, 2008 4:07pm
Quoting seboileroom
Hi BRV and Fellow Traders, i am a trader of 3-year experience, have tried everything and traded almost all pairs. Lately i have become more and more interested in trading price action, momentum, and S/R/Trendlines ...etc. I stumbled across your thread and it was right on the spot . Please count me in. Thank you for a great thread and for sharing .
Welcome my friend

This IS the place to be - the knowledge that BRV (and many others) pass on here is "priceless"
  • #3,940
  • Oct 1, 2008 4:50pm Oct 1, 2008 4:50pm
Looks like my friends are keeping track of who's "winning"......
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