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EURUSD

  • #65,141
  • Feb 15, 2009 4:33pm Feb 15, 2009 4:33pm
shit not looking good
  • #65,142
  • Feb 15, 2009 4:37pm Feb 15, 2009 4:37pm
Quoting janka3002
shit not looking good
Everything before London Open is not relevant. Better wait and see next 8-10 hours.
/ ... clarifying decisions ... /
  • #65,143
  • Feb 15, 2009 4:38pm Feb 15, 2009 4:38pm
Quoting janka3002
shit not looking good
Don't worry bud, if anyone should be worried it's me and I'm not the slightest. I have large long positions in AUD/USD & EUR/USD... I also have a large short in GBP/JPY so the fluctuations in everything (gaps) are kind of canceling each other out. But I do expect GBP/JPY to continue tanking this week while AUD/USD & EUR/USD climb higher.

If you're interested check out my blog in my signature. I posted targets there for these trades and some logic as to why I'm in them.

Hope that helps you sleep easier =)
  • #65,144
  • Feb 15, 2009 4:39pm Feb 15, 2009 4:39pm
Quoting PracticalPip
I guarantee they did. I took a job with them about a year and a half ago in SF. After a week there and seeing what goes on, I quit. Completely unethical and not something I wanted to be associated with.
Anything you wouldn't mind sharing?
  • #65,145
  • Feb 15, 2009 4:41pm Feb 15, 2009 4:41pm
Not for me.

We may see finally a cross of that annoying 1.2700.

Then range will be lower for some time or a drastic drop!!!

This week can well be a crazy one.
Possible 800 pip range week.

1.2861 must hold this Monday.
Only shorts people!!!
  • #65,146
  • Feb 15, 2009 4:43pm Feb 15, 2009 4:43pm
Quoting Bluemeanie
Anything you wouldn't mind sharing?
Ever read reminiscence of a stock operator? If not, walk away from your monitor right now and go buy a copy.

In that book he has many encounters with the "bucket shops" and all the retail FX brokers of today are glorified bucket shops of the ones he speaks of in that book. It's your typical "screw the customer" kind of "business". They don't care about you and the spread they make money on isn't enough to satisfy their greed. Stop running, not filling order, etc. It's all a sham and they are out to get you. They don't care if you go broke and lose your trading volume on their spreads because there are so many noobs coming in they can rob it just doesn't matter to them.
  • #65,147
  • Feb 15, 2009 4:49pm Feb 15, 2009 4:49pm
Quoting BoredToLoose
Not for me.

We may see finally a cross of that annoying 1.2700.

Then range will be lower for some time or a drastic drop!!!

This week can well be a crazy one.
Possible 800 pip range week.

1.2861 must hold this Monday.
Only shorts people!!!

what makes you yhink like that?
  • #65,148
  • Feb 15, 2009 4:50pm Feb 15, 2009 4:50pm
Quoting PracticalPip
Ever read reminiscence of a stock operator?...
You get a copy here:
http://en.wikipedia.org/wiki/Jesse_Lauriston_Livermore
/ ... clarifying decisions ... /
  • #65,149
  • Feb 15, 2009 4:51pm Feb 15, 2009 4:51pm
Quoting PracticalPip
Ever read reminiscence of a stock operator?...
is this the one you mentioned?
www.stockvision.ru/books/Edwin_LeFevre-Reminiscences_of_a_Stock_Operator-EN.pdf -
Trade on your own risk Plan your trade&trade your plan dont be a
  • #65,150
  • Feb 15, 2009 4:57pm Feb 15, 2009 4:57pm
Quoting Trading Cat
is this the one you mentioned?
www.stockvision.ru/books/Edwin_LeFevre-Reminiscences_of_a_Stock_Operator-EN.pdf -
Yes that's it. But go buy it, you'll want to own a copy. And if you have any trading friends, it's a great gift to give. It will inspire you.
  • #65,151
  • Feb 15, 2009 5:00pm Feb 15, 2009 5:00pm
Quoting PracticalPip
Yes that's it. But go buy it, you'll want to own a copy. And if you have any trading friends, it's a great gift to give. It will inspire you.
Isn't that link the whole book? Interesting comment...
  • #65,152
  • Feb 15, 2009 5:01pm Feb 15, 2009 5:01pm
Quoting dallavise
Isn't that link the whole book? Interesting comment...
Yes it's a whole book and a great read. You can generally get any book on the internet now days scanned as a pdf.
  • #65,153
  • Feb 15, 2009 5:01pm Feb 15, 2009 5:01pm
PracticalPip

Nice blog, very realistic.

Hope you spoil the lady as she deserves in SF.

Will be following your future posts.

Long pos EU also @ 1.2884
  • #65,154
  • Feb 15, 2009 5:03pm Feb 15, 2009 5:03pm
Quoting janka3002
what makes you yhink like that?
It is a very good sign!!!

Other signs, but I keep it for myself.

I am going to tell here my positions, just to enforce my view:

All shorts:
in my short account:
1.3740
1.2838
1.2837
1.2835
1.2802
Average position 1.3163
In my long Account
Short at 1.2834

All SL at 1.2933 except 1.3740

Next TP 1.2711
  • #65,155
  • Feb 15, 2009 5:05pm Feb 15, 2009 5:05pm
Quoting Freddyfx
PracticalPip

Nice blog, very realistic.

Hope you spoil the lady as she deserves in SF.

Will be following your future posts.

Long pos EU also @ 1.2884
Hey Freddy, trust me I will be spoiling her. We actually live in Marin county if you know where that is, so SF is only 15 min. drive, but we're staying there tonight just for fun. I'm actually waiting for her to do her makeup, etc right now. One hour ago she said she'd be ready 15 min. ago... typical

Thanks for the kind words about the blog.
  • #65,156
  • Feb 15, 2009 5:09pm Feb 15, 2009 5:09pm
I have to wonder if G7 had a lot of talk about bolstering the dollar as only way US can avoid rampant inflation - therefore global inflation...but at this point couldn't we use a little inflation?
  • #65,157
  • Feb 15, 2009 5:09pm Feb 15, 2009 5:09pm
Quoting Trading Cat
is this the one you mentioned?
www.stockvision.ru/books/Edwin_LeFevre-Reminiscences_of_a_Stock_Operator-EN.pdf -
Thanks for this and PracticalPip, thanks for sharing this with us
  • #65,158
  • Feb 15, 2009 5:12pm Feb 15, 2009 5:12pm
my buy order it seems soon will close s/l @ 1.2760 it will be very bad start to this week

shit, i hate this hour
  • #65,159
  • Feb 15, 2009 5:13pm Feb 15, 2009 5:13pm
  • #65,160
  • Feb 15, 2009 5:15pm Feb 15, 2009 5:15pm
Quoting Bluemeanie
Anything you wouldn't mind sharing?
PracticalPip has given a very good advice. To add my thoughts: The author of Reminiscence of a Stock Operator had issues with bucket shops. He moved to New York to trade in a bigger market and with more reliable brokers. However, his problem did not end here. He faced a different set of issues at Wall Street, more to do with market mechanism. He ultimately found a solution ………. By focusing on big swings.

Trading on the basis of bigger time frames has several advantages, surviving stop loss hunting is one.
The Thief of Wall Street
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