Extracted Thread (per thread starter's request) | Page 12 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

1 trade per pair per year 6 replies

multiple systems per pair/multiple pairs per system? 3 replies

Extracted Post (per poster's request) 0 replies

Trading 24 hours per day, 5 days per week 14 replies

Attachments: Extracted Thread (per thread starter's request)
Exit Attachments

Extracted Thread (per thread starter's request)

  • #221
  • Mar 5, 2009 2:04pm Mar 5, 2009 2:04pm
Quoting TradeWell
There has also been divergence on the daily for a while but it doesn't seem to panned out (yet). Not saying it won't but also saying divergence doesn't always have a significant result.
Very true point. But since I am long, in this case it will.
  • #222
  • Mar 5, 2009 2:05pm Mar 5, 2009 2:05pm
Quoting traderathome
Very true point. But since I am long, in this case it will.
  • #223
  • Mar 5, 2009 3:35pm Mar 5, 2009 3:35pm
Quoting ak4x
Targets are a little more pessimistic.. I still like the 25oo but the S1 (2522) may be where we wind up at session end, diminishing momentum...
Well, I show a 2626 low on my chart for the afternoon, close enough for now, maybe Asia will be spooked anought to climb on the wagon here and load up.

Acumen (on EU) had a thought about options barriers affecting price all day... more Fodder to Ponder about who all and what all is set against us on any given day... whether that's what it was or not.

Rainy day reading links from a good site to know about...
http://www.investopedia.com/terms/b/barrieroption.asp
FUBAR...
  • #224
  • Mar 5, 2009 3:56pm Mar 5, 2009 3:56pm
Quoting ak4x
Well, I show a 2626 low on my chart for the afternoon, close enough for now, maybe Asia will be spooked anought to climb on the wagon here and load up.

Acumen (on EU) had a thought about options barriers affecting price all day... more Fodder to Ponder about who all and what all is set against us on any given day... whether that's what it was or not.

Rainy day reading links from a good site to know about...
http://www.investopedia.com/terms/b/barrieroption.asp
"...a thought about options barriers affecting price all day... " -

Please, someone explain how this works....what is being said. I'd like to understand. Thank you. But I will read at the link. Thanks.
  • #225
  • Mar 5, 2009 3:59pm Mar 5, 2009 3:59pm
Here's a little trade I'm in ((altho part of me is wondering why with this crummy momentum or lack therof...))

Entry was off the 1m with a fib, i also had indi confirmations on my 2m, but as that is accucharts specific stuff, I'm posting this instead, as anyone could do the same on MT4 1m/15m charts...

Entry was 2562.

20m gave the first heads up with the 21sma tap, the 2min confirmed witha BB hit and the Quick fib from the previous 1m swing hi/lo gave the 123% Extension as the 20m closed up on the MA tap...

Exits will be arbitrary... I'll watch the 2m/3m/ and 6m for BB hits and evaluate the PA as it encounters them.

The 6m and 20m Lower BB's are both down a'rd 2520/30 so that would be a primary target zone for starters unless price gets held up and looks like it will stall out. Then I'll do something else ranging from scale out to close out to doing nothing.

I have 2 pips locked and will take some off at some level if it stalls, hoping for an entry that will run into the evening sessions w/o getting stopped out first. Otherwise it'll be an unintentional scalp. I could easily do the same thing and just go for a 10-15 fixed pip TP, and often do, but I'm still looking for some downside and don't want to waste a potential good entry yet.

The consistency of the short term range today is giving me concerns tho... big ones.

PS. Someone on the THV thread asked me once why I do fibs the way I do, this is one good example of that. I have the chartshots I took for that PA at the time, but never got a'rd to the text and posting them...

Essentially, this lets me look ahead to a likely turn point based on past PA, istead of always fibbing the current or most recent swing high.
Attached Images
FUBAR...
  • #226
  • Mar 5, 2009 4:13pm Mar 5, 2009 4:13pm
We opened at 1,2540

Related argument:

http://www.forexfactory.com/showpost.php?p=2582528&postcount=216
The best thing that can happen to you is to find out where you're wrong.
  • #227
  • Mar 5, 2009 7:15pm Mar 5, 2009 7:15pm
Back to or very near some decent and proven R levels... I'm out for the evening here trying to figure out the new remote control for the new cable service.... chart is 2hr, QP at 2580 also Psych level and a 50% fibo from the last 1hr swing high/low (2660 / 2455)

Attached Image
FUBAR...
  • #228
  • Edited 9:33pm Mar 5, 2009 8:28pm | Edited 9:33pm
Damn remotes...

6 pages of instructions in print so damn small you need an electron microscope to read them, more damn buttons than Miss daisy, nothin makes any damn sense...

Attached Image
FUBAR...
  • #229
  • Mar 5, 2009 9:35pm Mar 5, 2009 9:35pm
Quoting ak4x
Just tapped DP at 2560... broke up from the Central at the Open, and I'm reloading shorts closer to the 1hr Upper BB at 2580ish, also the QP..... That's the plan anyway...
Limit sells triggered at 2576... now we'll see what happens. Might be a crappy plan for all I know, but at least my stops are fairly tight.
FUBAR...
  • #230
  • Mar 5, 2009 10:11pm Mar 5, 2009 10:11pm
Playing a'rd with that 1m fib from earlier, ((after giving up on the remote, gonna hire a kid after school to do it or something))

Anyway... how cool is this??? Had to shrink it to a 10m chart to make it fit... but many of the taps are amazing. Missed a few but you get the idea.

Still waiting for the Drop here...
Attached Image
FUBAR...
  • #231
  • Mar 6, 2009 12:08am Mar 6, 2009 12:08am
EU seeminly now reacting to the earlier indication of Bullish divergence....
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 17.gif Size: 31 KB
  • #232
  • Mar 6, 2009 12:46am Mar 6, 2009 12:46am
EU inverted "M" .....strong Double Bottom....completes 2x height of "M" into 1.2840s.....?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 18.gif Size: 39 KB
  • #233
  • Mar 6, 2009 1:08am Mar 6, 2009 1:08am
So this last spike up is quite interesting. Is this china selling dollars?

http://www.bloomberg.com/apps/news?pid=20601087&sid=aPla2l2PoY7s&refer=home
  • #234
  • Mar 6, 2009 1:25am Mar 6, 2009 1:25am
Quoting mikkom
So this last spike up is quite interesting. Is this china selling dollars?

http://www.bloomberg.com/apps/news?pid=20601087&sid=aPla2l2PoY7s&refer=home
That's a possibility.

News like this gets my mind racing. A friend recently asked me "what if China demanded an immediate payment?". I said the U.S. government would comply and pay up right away. But at the cost of printing to such point that the value of the dollar would be decimated.

Funny how my mind can start going over a single news article.
Not all sins are created equal
  • #235
  • Mar 6, 2009 1:43am Mar 6, 2009 1:43am
Nice catch mikkom, there's certainly plenty to ponder on.

I'm going to forget about updating charts this weekend, I might clean them off instead and start new... I do that from time to time, and this may well be one of them.

Well, I'm done here, g'nite guys.
FUBAR...
  • #236
  • Mar 6, 2009 1:45am Mar 6, 2009 1:45am
@jay:

Yeh, except it doesn't work that way. Most of the debt is bought thru structured debt products like treasury notes or bills. These have a fixed maturity date and a defined interest rate.

Requesting early payment would be a horrible idea, as there's a penalty involved. A better approach would be to sell them off in the market over time as price allows, since there's no penalty for trading them over the counter.

Linky:
http://en.wikipedia.org/wiki/Treasury_security
  • #237
  • Mar 6, 2009 1:45am Mar 6, 2009 1:45am
All components of EU trade closed. Protecting profits.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 21.gif Size: 41 KB
  • #238
  • Mar 6, 2009 1:47am Mar 6, 2009 1:47am
Quoting Rabid
@jay:

Yeh, except it doesn't work that way. Most of the debt is bought thru structured debt products like treasury notes or bills. These have a fixed maturity date and a defined interest rate.

Requesting early payment would be a horrible idea, as there's a penalty involved. A better approach would be to sell them off in the market over time as price allows, since there's no penalty for trading them over the counter.

Linky:
http://en.wikipedia.org/wiki/Treasury_security
I knew it was a horrible idea and realize that the Chinese aren't that stupid. Thanks for the info
Not all sins are created equal
  • #239
  • Mar 6, 2009 2:23am Mar 6, 2009 2:23am
Quoting ak4x
Damn remotes...

6 pages of instructions in print so damn small you need an electron microscope to read them, more damn buttons than Miss daisy, nothin makes any damn sense...

LOL AK - if you think that I'm going to dock a multi million dollar hole in the ocean with some wi-fi gadget then think again....http://www.forexfactory.com/images/icons/icon11.gif

The Euro's 155 pip rally that started an hour before the Frankfurters go to work dragged cable up 120 pips and although I was in bed for the start of the rally I'm been all over cable like a rash ever since.....http://www.forexfactory.com/images/icons/icon10.gif

Short again now as the 700's holding € and the 275 area's holding cable...
Trading Levels with WRBs
  • #240
  • Mar 6, 2009 2:47am Mar 6, 2009 2:47am
Oh my.. Other important [dollar positive] article for those interested in fundies.

http://www.telegraph.co.uk/finance/financetopics/recession/4939796/Europes-banks-face-a-2-trillion-dollar-shortage.html
0 traders viewing now