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  • #53,461
  • Jan 4, 2009 8:34pm Jan 4, 2009 8:34pm
Quoting iii
Feeding the frenzy? I could careless of what anyone else's position is, I even stated a few pages back that I do not want anyone following my entries. I am simply stating my opinion as you are.
Besides no one here has "proof", such proof usually shows up after the fact and it is really just a rationalization since it is not applicable in predicting the future, only explaining the past.
As I have stated numerous time, I will not provide my methods of arriving to a certain conclusion and the only thing that can prove me wrong is time.
Like I said; 1.3600 has interest for me. Can I ask what you are looking at?
  • #53,462
  • Jan 4, 2009 8:36pm Jan 4, 2009 8:36pm
Quoting Bemac
Like I said; 1.3600 has interest for me. Can I ask what you are looking at?
Sure, I will take partial profit at 1.3635, then add lots if I am anticipating further move down.
  • #53,463
  • Edited 8:37pm Jan 4, 2009 8:36pm | Edited 8:37pm
looks like a break of 1.3820 area might be coming, im in short if it that goes...

i was in short at 3930 but closed out and took profit, i shake my head in disappointment lol

the classic mind battle...let it ride? or take profit? gets the best of me sometimes
  • #53,464
  • Jan 4, 2009 8:41pm Jan 4, 2009 8:41pm
my first trade of the year, nice 85 pips+. entry sell at 1.3953 out after the GAP closed and retrace a few pips at 1.3868.
Just followed the PA and worked well.
Happy new year every one...
  • #53,465
  • Jan 4, 2009 8:44pm Jan 4, 2009 8:44pm
Quoting Bemac
Like I said; 1.3600 has interest for me. Can I ask what you are looking at?
Bemac may i ask y 1.3600?
  • #53,466
  • Jan 4, 2009 8:45pm Jan 4, 2009 8:45pm
was the brokers adding up the stops that they seehttp://www.forexfactory.com/images/icons/icon9.gif
  • #53,467
  • Jan 4, 2009 8:48pm Jan 4, 2009 8:48pm
Quoting gregam1128
was the brokers adding up the stops that they seehttp://www.forexfactory.com/images/icons/icon9.gif
Brokers are just salesmen, they do not have the ability to move the markets. Sure some of them occasionally place trades, but they require clients' permision to do so.
  • #53,468
  • Jan 4, 2009 8:49pm Jan 4, 2009 8:49pm
another short for me at; 1.3881, LETS SEE HOW'S IT GOES.
Attached Image (click to enlarge)
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  • #53,469
  • Jan 4, 2009 8:51pm Jan 4, 2009 8:51pm
Quoting flakk2000
another short for me at; 1.3888, LETS SEE HOW'S IT GOES.
It has not reached 1.3888 yet, I am looking at 3 different feeds and the highest atm is 87. What broker are you using if you dont mind me asking?
  • #53,470
  • Jan 4, 2009 8:53pm Jan 4, 2009 8:53pm
Quoting iii
Brokers are just salesmen, they do not have the ability to move the markets. Sure some of them occasionally place trades, but they require clients' permision to do so.
But if a broker has 10 people sitting in Cubicles trading, we know they can see your stops, and we know they can see your account balances. (You wouldn't be able to get a margin call if they couldn't.) Remember, all rumors have a hint of truth somewhere in them Oh and one more thing. With the amount of money that Ibfx and other brokers take in, don't think that they couldn't move the market a few pips or so. When you deposit that money with them it is there's to do as they please. As long as they have it to give back to you when you request it back. It's not like it goes into an interest bearing account or anything.
  • #53,471
  • Jan 4, 2009 8:55pm Jan 4, 2009 8:55pm
Hi guys i have a sell order @1.4000 i am a Jacko turtle student my mentor trades 200 lots @ a time for those who want to play safe sell hight medium term target 1.3300 god bless all happy new year to all and make lots of $ and have patience
Trade less make more!
  • #53,472
  • Jan 4, 2009 8:56pm Jan 4, 2009 8:56pm
Quoting iii
It has not reached 1.3888 yet, I am looking at 3 different feeds and the highest atm is 87. What broker are you using if you dont mind me asking?
SORRY LET ME CORRECT MY SELF: ENTRY SELL AT 1.3881
  • #53,473
  • Jan 4, 2009 8:58pm Jan 4, 2009 8:58pm
Quoting gregam1128
But if a broker has 10 people sitting in Cubicles trading, we know they can see your stops, and we know they can see your account balances. (You wouldn't be able to get a margin call if they couldn't.) Remember, all rumors have a hint of truth somewhere in them
That is not how it works, I have interned at a large hedge fund as well as an investment back and their operations differ significantly from what you stated. Brokers are merely a medium that connects traders to the exchange floor, brokers do not have traders working under them, it is the other way around. Traders do not need broker's information to know where others' stops are, they already know from experience as people are predictable and tend to repeat the same routine day after day. What you are refering to is a bucket shop, and if that is indeed the feed that you are using then I would suggest shoping for a new one.
  • #53,474
  • Jan 4, 2009 8:59pm Jan 4, 2009 8:59pm
Quoting doughnut
Hi guys i have a sell order @1.4000 i am a Jacko turtle student my mentor trades 200 lots @ a time for those who want to play safe sell hight medium term target 1.3300 god bless all happy new year to all and make lots of $ and have patience
How has it been going for you. I haven't used that method since October. Been having trouble determining if the long term trend has changed, or if it is a retrace.
  • #53,475
  • Jan 4, 2009 8:59pm Jan 4, 2009 8:59pm
Quoting flakk2000
SORRY LET ME CORRECT MY SELF: ENTRY SELL AT 1.3881
Ok thank you, that clarifies it. I thought there for a second that I was going mental.
  • #53,476
  • Jan 4, 2009 8:59pm Jan 4, 2009 8:59pm
Quoting iii
It has not reached 1.3888 yet, I am looking at 3 different feeds and the highest atm is 87. What broker are you using if you dont mind me asking?
I USE FXDD.. FOR 2 YEARS AND NOT A MAJOR PROBLEM SO FAR. AND LIVE.
  • #53,477
  • Jan 4, 2009 9:00pm Jan 4, 2009 9:00pm
[quote=NwFXenthsist;2448148]looks like a break of 1.3820 area might be coming, im in short if it that goes...

3840 and 3829 and where 2 long term fibs are drawn on weekly and daily.. BOTH are 50% fibs.. so if it goes below and continues or retests then moves lower it would be a fairly large drop.. we have not really got past those levels since we went above them in mid december... there have been a few tests.. that have held so far. we might not have the volume during asian session but it it does go it should set the tone for the week or at the very least for euro and us sessions..
  • #53,478
  • Jan 4, 2009 9:00pm Jan 4, 2009 9:00pm
Quoting iii
That is not how it works, I have interned at a large hedge fund as well as an investment back and their operations differ significantly from what you stated....
I use Ibfx. are they considered a bucket shop? I'm considering going to MB
  • #53,479
  • Jan 4, 2009 9:01pm Jan 4, 2009 9:01pm
Quoting flakk2000
Bemac may i ask y 1.3600?
my limit order missed by 1p before it jumped back up >< lol what do you do... lol but i have faith it will hit it
  • #53,480
  • Jan 4, 2009 9:01pm Jan 4, 2009 9:01pm
Quoting flakk2000
Bemac may i ask y 1.3600?
October '08 on Daily
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