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  • #51,941
  • Dec 21, 2008 4:34pm Dec 21, 2008 4:34pm
Quoting sed34
the US economy in relation to Europe economy. This is based on a whole lot of fundamentals. But some of the items are GDP, inflation rates, trade balances, national debt, which countries are buying it and by how much, T-bill purchases, consumer debt, consumer purchases. Imports and exports. A lot of number crunching.
i personally think that its pretty much impossible to put fair value on any currency pair given the vast amount of data such as trade balance, imports, exports, interest rates,GDPs so on and so forth, plus trader psychology. and then you have some cb or large hedgefund buying or selling vast quantities and the whole fair value concept goes out of the window.
just my thought.
  • #51,942
  • Dec 21, 2008 5:19pm Dec 21, 2008 5:19pm
who's gonna trade this 17 pip eurusd, not me atleast
  • #51,943
  • Dec 21, 2008 5:21pm Dec 21, 2008 5:21pm
Quoting junglelion
who's gonna trade this 17 pip eurusd, not me atleast
its 5 pip spread for me
  • #51,944
  • Dec 21, 2008 5:26pm Dec 21, 2008 5:26pm
there are only 2 wothwhile trading days this week, after that it will be time for account death dance.

low volume = max whips
  • #51,945
  • Dec 21, 2008 5:29pm Dec 21, 2008 5:29pm
hamed_a,

To help learning to trade... go to www.babypips.com Big E
  • #51,946
  • Dec 21, 2008 5:47pm Dec 21, 2008 5:47pm
Quoting eelfranz
hamed_a,

To help learning to trade... go to www.babypips.com Big E

That link above in the quote does not work.
  • #51,947
  • Dec 21, 2008 5:58pm Dec 21, 2008 5:58pm
Quoting junglelion
who's gonna trade this 17 pip eurusd, not me atleast
I got in at 1.3915
  • #51,948
  • Dec 21, 2008 6:04pm Dec 21, 2008 6:04pm
Hi,
I wonder why brokers sometimes raise spread. The spread now is 10 pips.
  • #51,949
  • Dec 21, 2008 6:11pm Dec 21, 2008 6:11pm
Quoting FadelMS
Hi,
I wonder why brokers sometimes raise spread. The spread now is 10 pips.
when there is low liquidity small volume can move market considerably therefore higher spreads are just insurance for brokers to avoid this. Also its to take more money from us and perhaps trigger odd stoploss which would otherwise would not be hit.
  • #51,950
  • Dec 21, 2008 6:21pm Dec 21, 2008 6:21pm
Quoting lexazver
when there is low liquidity small volume can move market considerably therefore higher spreads are just insurance for brokers to avoid this. Also its to take more money from us and perhaps trigger odd stoploss which would otherwise would not be hit.
Thanks.
  • #51,951
  • Dec 21, 2008 6:34pm Dec 21, 2008 6:34pm
well nice start to the week, my tiny long played out nicely but didnt make much from it , couple sips of coffee perhaps, what i most like about this move is that it still shows that volatility is present and we are not completely in christmas mode yet


btw Could be time for reversal now.
  • #51,952
  • Dec 21, 2008 6:39pm Dec 21, 2008 6:39pm
just scalped a long for 15 pips, thinking that might be enough. 2.5 % a day is not a bad way to get rich over the long haul.

5% is much better though hehehe
  • #51,953
  • Dec 21, 2008 6:45pm Dec 21, 2008 6:45pm
Quoting Pyramus
I got in at 1.3915

Got in at same price too. Nice way to start week closed at 1.4001.
  • #51,954
  • Dec 21, 2008 6:51pm Dec 21, 2008 6:51pm
Quoting pogibaby
Got in at same price too. Nice way to start week closed at 1.4001.
Gandang Umaga (good morning) such a nice day to start the week indeed. However, I believe it ain't over yet we may see climb to a max. close to 1.4150 before going down if 1.42 is breach we resume the uptrend.
  • #51,955
  • Dec 21, 2008 6:55pm Dec 21, 2008 6:55pm
not worth risking either way here more more than a scalp. Could drop in a heartbeat despite the bullish start to the week.
  • #51,956
  • Dec 21, 2008 7:00pm Dec 21, 2008 7:00pm
Quoting TIckerShuffl
not worth risking either way here more more than a scalp. Could drop in a heartbeat despite the bullish start to the week.
You're right that's why I closed my long positions and wait till the london session starts.
  • #51,957
  • Dec 21, 2008 7:03pm Dec 21, 2008 7:03pm
Quoting lexazver
i personally think that its pretty much impossible to put fair value on any currency pair given the vast amount of data such as trade balance, imports, exports, interest rates,GDPs so on and so forth, plus trader psychology. and then you have some cb or large hedgefund buying or selling vast quantities and the whole fair value concept goes out of the window.
just my thought.
large institutions and government entities do it all the time. They are doing it now. They are the powers that be. Now we the individuals we can only make educated guesses or have someone on the inside to tip up off.
  • #51,958
  • Dec 21, 2008 7:07pm Dec 21, 2008 7:07pm
Quoting TIckerShuffl
not worth risking either way here more more than a scalp. Could drop in a heartbeat despite the bullish start to the week.
if you start with 2000 in any currency and make 2% per day constantly compounding, within 4 years you will have almost 900 billion

if you make 5% per day you will have 87 trillion in just 2 years time and after 16 years you will have 12,749,734,548,985,100,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000.00


compounding and patience is the way
  • #51,959
  • Dec 21, 2008 7:19pm Dec 21, 2008 7:19pm
yeah im hanging back as well till europe jumps in...
  • #51,960
  • Dec 21, 2008 7:25pm Dec 21, 2008 7:25pm
Quoting sed34
large institutions and government entities do it all the time. They are doing it now. They are the powers that be. Now we the individuals we can only make educated guesses or have someone on the inside to tip up off.
IMHO trading currencies is not about trying to figure out what the fair values are.....that is all BS. The big money boys, the Central Bank traders and large Hedge fund traders have to make their allotment of profits weekly. So they will MOVE the PA to do so.......irregardless of "fair values". And THAT is the ONLY REAL FUNDAMENTAL in this business.
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