no clue what is happening but my account just got wiped out cos i forgot to put a stop and i could not believe in one hour, the market has changed so much
- #8,102
- Mar 12, 2007 7:40am Mar 12, 2007 7:40am
- Joined Sep 2006 | Status: Trader | 2,272 Posts
Was anyone hoping this would be a smooth day to trade?
its just money
What I hate so much is when my suconscious tells me: Momentum stopped, trendline reached + 50% fibo and I don't go out because my conscious say "have faith, its going more up today
".
I'm not disciplined enough for this work.
".I'm not disciplined enough for this work.
- #8,107
- Mar 12, 2007 7:47am Mar 12, 2007 7:47am
I was on the right side of the market two times today already, but jumped off too soon and got like 20pips instead of 200. Shame on me!
- #8,110
- Mar 12, 2007 7:54am Mar 12, 2007 7:54am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
How are your longs going?
I was on the right side of the market two times today already, but jumped off too soon and got like 20pips instead of 200. Shame on me!
Just added at 9300 again. Depending on further development, this lot may be for drawdown reduction or long term either.
Haven't received any reports about this selloff yet. It seemed to be too excessive for a small correction or stop hunting. There's something ugly going on somewhere... I let you know ASA I receive something here...
In the otherhand, I still don't see fundamentals to justify Cable going down to low 9200 or making new lows, given that Euro is easy on the upside...
Tricky, but no reason for desperation yet...
- #8,111
- Mar 12, 2007 7:55am Mar 12, 2007 7:55am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #8,112
- Mar 12, 2007 8:05am Mar 12, 2007 8:05am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
This New Century company is not going to live to see more than 7% of the new century 
March 12 (Bloomberg) -- New Century Financial Corp., the U.S. mortgage company whose stock plunged 90 percent this year, said lenders claim it's in default and are demanding accelerated payments. The company said it lacks cash to meet those demands.
Creditors including Morgan Stanley, Citigroup Inc. and Goldman Sachs Group Inc. sent New Century letters last week alleging default, the Irvine, California-based home lender said in a filing today with the U.S. Securities and Exchange Commission. Creditors are demanding New Century repurchase all outstanding mortgage loans financed by them.
``The company and its subsidiaries do not have sufficient liquidity to satisfy their outstanding repurchase obligations,'' New Century said in the filing.
Expect bumpy ride for NYSE session...
March 12 (Bloomberg) -- New Century Financial Corp., the U.S. mortgage company whose stock plunged 90 percent this year, said lenders claim it's in default and are demanding accelerated payments. The company said it lacks cash to meet those demands.
Creditors including Morgan Stanley, Citigroup Inc. and Goldman Sachs Group Inc. sent New Century letters last week alleging default, the Irvine, California-based home lender said in a filing today with the U.S. Securities and Exchange Commission. Creditors are demanding New Century repurchase all outstanding mortgage loans financed by them.
``The company and its subsidiaries do not have sufficient liquidity to satisfy their outstanding repurchase obligations,'' New Century said in the filing.
Expect bumpy ride for NYSE session...
- #8,113
- Mar 12, 2007 8:08am Mar 12, 2007 8:08am
first time poster, long time reader
it seems that according to a source "Russians names were seen selling GBP/USD at 193.90" probably the reason for the downward movements.
that and probably a few other factors too.
as for mini lots, I like trading those because I can usually average myself in for some profit if not break even when the market goes against me, but I still set up stops usually a few pips lower than the support levels.
right now I think I should be shorting Euro, and going long GBP, but I have no conviction and prefer to stay out for the time.
it seems that according to a source "Russians names were seen selling GBP/USD at 193.90" probably the reason for the downward movements.
that and probably a few other factors too. as for mini lots, I like trading those because I can usually average myself in for some profit if not break even when the market goes against me, but I still set up stops usually a few pips lower than the support levels.
right now I think I should be shorting Euro, and going long GBP, but I have no conviction and prefer to stay out for the time.
- #8,114
- Mar 12, 2007 8:17am Mar 12, 2007 8:17am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #8,115
- Mar 12, 2007 8:19am Mar 12, 2007 8:19am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
first time poster, long time reader
it seems that according to a source "Russians names were seen selling GBP/USD at 193.90" probably the reason for the downward movements.
as for mini lots, I like trading those because I can usually average myself in for some profit if not break even when the market goes against me, but I still set up stops usually a few pips lower than the support levels.
right now I think I should be shorting Euro, and going long GBP, but I have no conviction and prefer to stay out for the time.
Talk Russian names are exitting carry trades has pressured the Jpy crosses across the board, sending [NZD/JPY] into bids around 81.00. Further bids are expected around 80.40. A Japanese investment house has been a bidder to counter the move, but with stock markets looking nervous on reports the US" New Century may fold, the Jpy is likely to trade on a firmer footing until the situation is resolved. Speculator accounts and Swiss names have been bidders around 0.6900 in the pair though have not prevented a trip of stops under the figure. Next bids are reported around 0.6860. Unless the current jitters take a stronger hold, yield is likely to prove the Nzd's saving, suggesting a dip bidding strategy will reward. Offers are in place at 0.6960
right now I think I should be shorting Euro, and going long GBP, but I have no conviction and prefer to stay out for the time.
Oh well, I hate this "trick": Doing nothing on NFP-Friday and the next day put all the eggs onto the markets and let every trader slip on them. Thats GBPUSD, folks. These shitting capitalism speculators.. ups, we are such too.
Sometimes I think I got those tricks but no, they surprise me once again. *argh*
- #8,118
- Mar 12, 2007 8:35am Mar 12, 2007 8:35am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
Wait with going long. I think its moving further down before any sign of an uptrend will arise.
Oh well, I hate this "trick": Doing nothing on NFP-Friday and the next day put all the eggs onto the markets and let every trader slip on them. Thats GBPUSD, folks. These shitting capitalism speculators.. ups, we are such too.
- #8,119
- Mar 12, 2007 8:46am Mar 12, 2007 8:46am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
This hourly closing above 9300 gives us a nice pin-bar...
Think it would be too crazy? Well check your charts for crazyness
Think it would be too crazy? Well check your charts for crazyness
