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  • #48,941
  • Dec 9, 2008 5:57am Dec 9, 2008 5:57am
Quoting Shadowfx
Holding my short, unless it breaks 1.28395 upwards again..
Seems we have a direction south...with caution..

Hope it's south
  • #48,942
  • Dec 9, 2008 6:12am Dec 9, 2008 6:12am
fake bearish break out...closed my short

Expect to go back to daily pivot @1.28812

USA session to provide directions from there on...

Once again..trade with caution...its very tricky now..

Just my 2 cents...
  • #48,943
  • Dec 9, 2008 6:13am Dec 9, 2008 6:13am
Quoting Shadowfx
fake bearish break out...closed my short

Expect to go back to daily pivot @1.28812

USA session to provide directions from there on...

Once again..trade with caution...its very tricky now..

Just my 2 cents...
indeed
will wait for US open to see reaction
  • #48,944
  • Dec 9, 2008 6:16am Dec 9, 2008 6:16am
Quoting Algirdas
We lost correlation.
No Trade. No Entries, but just my ideas. EUR will go until 1.2917 and Short, GBP 1.4850 and Short, USD/JPY 92.75 and Short, USD/CAD Short at 1.2623.
AUD 0.6475, NZD 0.5349 and USD/CHF 1.2023 Long.
Hi Algirdas

What are you looking for correlation of?

Swissie against euro maybe? Oil and euro?

Thanks in advance for shedding some light on this.

Simon
If it's too good to be true, it probably is.
  • #48,945
  • Dec 9, 2008 6:22am Dec 9, 2008 6:22am
what a surprise huh?

Longer term indicators look poised for the big bang. 4H and daily...wow..sky the limit?

Short term noise, uncertain.
  • #48,946
  • Dec 9, 2008 6:28am Dec 9, 2008 6:28am
Quoting SimonK
Hi Algirdas

What are you looking for correlation of?

Swissie against euro maybe? Oil and euro?

Thanks in advance for shedding some light on this.

Simon
I don't know too much but Alg tries to see if all USD crosses have correlation in their movements, especially when it comes to respecting pivots. He makes trade calls when he believes they will move in a coordinated way.
  • #48,947
  • Dec 9, 2008 6:55am Dec 9, 2008 6:55am
I tried to predict the future as always I got burnt. I am a Tech guy but I follow fundaments as I don't want to be on the wrong side. I believe the Germany's economic sentiment will take time to sink in. Or it would help us with the daily range we're experiencing. what's happening on the weekly charts?
All the best things in life are free.
  • #48,948
  • Dec 9, 2008 7:08am Dec 9, 2008 7:08am

Is there someone that is understanding something of the market today?

The best thing that can happen to you is to find out where you're wrong.
  • #48,949
  • Dec 9, 2008 7:10am Dec 9, 2008 7:10am
Quoting fx_lane
I tried to predict the future as always I got burnt. I am a Tech guy but I follow fundaments as I don't want to be on the wrong side. I believe the Germany's economic sentiment will take time to sink in. Or it would help us with the daily range we're experiencing. what's happening on the weekly charts?
Oil, Big Three bailout, Global Stimulus packages, need for raw materials...fundamentals.
  • #48,950
  • Dec 9, 2008 7:23am Dec 9, 2008 7:23am
Once again key support today @ 1.28395 being tested...

Shorted once again...

Just my 2 cents...
  • #48,951
  • Dec 9, 2008 7:26am Dec 9, 2008 7:26am
Intersting move down here...on Stock futures?

hmm futures are back up...what gives?
  • #48,952
  • Dec 9, 2008 7:28am Dec 9, 2008 7:28am
Quoting Driver55

Is there someone that is understanding something of the market today?

Remove the word "today" from your question and try again. hehehe.
The Thief of Wall Street
  • #48,953
  • Dec 9, 2008 7:29am Dec 9, 2008 7:29am
Quoting Shadowfx
Once again key support today @ 1.28395 being tested...

Shorted once again...

Just my 2 cents...
Nice analyze
  • #48,954
  • Dec 9, 2008 7:35am Dec 9, 2008 7:35am
Quoting TradeWell
I don't know too much but Alg tries to see if all USD crosses have correlation in their movements, especially when it comes to respecting pivots. He makes trade calls when he believes they will move in a coordinated way.
Sounds interesting, I will have to investigate further. Thanks TradeWell.
If it's too good to be true, it probably is.
  • #48,955
  • Dec 9, 2008 7:38am Dec 9, 2008 7:38am
Quoting ak4x
It's your business of course, but if you're trading full mini lots or higher, that whole "keep them open till they pay" strategy has some flaws unless you're so moneyed up it doesn't really look like anything most folks here are probably doing.

If it's micro lots for pennies and nickels, then whatever.

I took a demo account from 100k to well over 4 million in a'rd 3 weeks this time last year on a whim in a couple hundred trades. I only lost about 8 or 10 trades if I remember rightly...

Those were the ones that took the account down to MC...
Well, whatever works for you, works for you. I trade real money. I usually use somewhere around .05% of my account for each trade, and my average return each week is somewhere around 1-3%. Might not be as high a return, but I never expose myself to too much risk, and I am happy with those returns. I'm not sure what you are suggesting about MC's but I have MCed an account about 4 years ago, when I got greedy. That was my price for learning. I haven't really come close to MCing since. It's hard when you trade only .05% of your account.
  • #48,956
  • Dec 9, 2008 7:40am Dec 9, 2008 7:40am
BTW.....I'm still holding my short from 1.2936. Will keep an eye out during US news and CAD rate decision, but will probably hold at least through US session today.
  • #48,957
  • Dec 9, 2008 7:50am Dec 9, 2008 7:50am
1.2805 hit
  • #48,958
  • Dec 9, 2008 7:53am Dec 9, 2008 7:53am
Quoting Driver55

Is there someone that is understanding something of the market today?

I understand completely! Eur/Usd will range trade between 1.30 and 1.25 for at least the rest of this week. I also understand,that if I am wrong,it wont!
FF = Forex Faggots
  • #48,959
  • Dec 9, 2008 7:53am Dec 9, 2008 7:53am
Quoting TIckerShuffl
1.2805 hit
Good point.Close short @2815. Good day.
What goes up must come down.
  • #48,960
  • Dec 9, 2008 7:57am Dec 9, 2008 7:57am
Nice trade!
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