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  • #73,761
  • Mar 10, 2009 11:20pm Mar 10, 2009 11:20pm
Quoting Jay Walker
Brokers love it so much when you spread lots, they think you're a playboy centerfold

That bad joke was provided by Jay Walker, proud provider of tasteless jokes on FF since 2008.
When it comes to tasteless - you are the tops.

Now replace tasteless with sarcastic and the shoe fits me.

Oh such a heavy burden to go through life with.
  • #73,762
  • Edited 11:33pm Mar 10, 2009 11:21pm | Edited 11:33pm
Quoting SunTrader
Especially for the brokers. They luvvv it.
They sucked in a couple of grands from me in my first two months. Hahaha ....... I used to enter hundreds of trades in a day, but gradually learned from friends like you.......... Now look at my Avatar, what it says

Ps./ Caution: Don't read Chicky with it. It is not part of my Avatar statement.
The Thief of Wall Street
  • #73,763
  • Mar 10, 2009 11:22pm Mar 10, 2009 11:22pm
EU trade closed. For instructional purposes.....I entered short on first leg up shown in yellow (failed initial short trade and so spaced add-on components on the pullback up). MT4 chose to upgrade and crashed my system (guess I have an indy that the upgrade hated), so completely missed the exit on seg back down shown in yellow. By the time I was back on the air, we were into next yellow up leg.....I waited patiently. Current leg down provided exit. No, by this time I am not holding on for more!

The lesson here is 1) big swings always (given enough time), trending or ranging market, and 2) do not ever OVER LEVERAGE account. You need to be able to have each and every component of such a trade be as much as several hundred pips down without causing broker to liquidate your position on you.
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  • #73,764
  • Mar 10, 2009 11:24pm Mar 10, 2009 11:24pm
Quoting SunTrader
When it comes to tasteless - you are the tops.

Now replace tasteless with sarcastic and the shoe fits me.

Oh such a heavy burden to go through life with.
Nah SunTrader, I could neeeeeeever give you a run for your money on sarcaaaaaasm! Just busting your chops mate

I like to think I'm both.

Also another thing that I proudly am...

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Not all sins are created equal
  • #73,765
  • Mar 10, 2009 11:28pm Mar 10, 2009 11:28pm
Quoting Jay Walker
I like to think I'm both.
I believe that makes me the antithesis of both of you... Tasteful and sensitive... Caring and thoughtful.

Hey look at this chart. We're baaackk... almost.
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FUBAR...
  • #73,766
  • Mar 10, 2009 11:30pm Mar 10, 2009 11:30pm
Quoting Jay Walker
Wasn't triggered so I...
I see you're using the parabolic SAR. Very similar to the Gann HiLo.

Have you compared the two in any way?
  • #73,767
  • Mar 10, 2009 11:31pm Mar 10, 2009 11:31pm
when happens what we had just seen with this very high fluctuation, to someone of the forum doesn't execute some order and lose more that he thought.

buying 12 minuts ago

sory my inglish
  • #73,768
  • Mar 10, 2009 11:35pm Mar 10, 2009 11:35pm
Closed first group of EJ trades. Same story as with EU, already posted for educational purposes.
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  • #73,769
  • Mar 10, 2009 11:35pm Mar 10, 2009 11:35pm
Quoting NuckingFuts
I see you're using the parabolic SAR. Very similar to the Gann HiLo.

Have you compared the two in any way?
Can't say I have.

Got any recommended reading?
Not all sins are created equal
  • #73,770
  • Mar 10, 2009 11:36pm Mar 10, 2009 11:36pm
juan,

I am sure you are a good guy and all but are clearly "in over your head" so you make the 'list'.

Sun
  • #73,771
  • Mar 10, 2009 11:38pm Mar 10, 2009 11:38pm
Quoting juan852
when happens what we had just seen with this very high fluctuation, to someone of the forum doesn't execute some order and lose more that he thought.

buying 12 minuts ago

sory my inglish
use stop loss. muy importante!
  • #73,772
  • Mar 10, 2009 11:40pm Mar 10, 2009 11:40pm
Quoting weswes
use stop loss. my importante!
muy importante
  • #73,773
  • Mar 10, 2009 11:45pm Mar 10, 2009 11:45pm
Quoting psiholog

1). We reverse pa to the downside again soon (anywhere from 1.2680 to 1.2725) where 1.2625 gets retested again forming another W in the process which will push pa later on to the highs again.

Attachment
to read whole post read my previous post. i am mentioning this because it does look like it is whats most likely to happen. from a technical point of view its understandable but this is one of the few cases that fundamentals could be directly correlated to pa.

the fundamental reason for this drop was china export profits dropped by a whopping 86% from roughly 39 billion to just around 4.8 billion when their estimate was to drop to around 20billion. this further reinforces the theory that the dollar is a "safe haven". you can check bloomberg.com for full article or your preffered news source.

still..as most news does...the move pre and after news release is usually followed by a retracement to where pa was impacted by news. the problem is identifying when this happens but the strong support level at 1.2625 should act as the point where pa should bounce. to be seen

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Different opinions highly valued, ignorant to slander.
  • #73,774
  • Mar 10, 2009 11:49pm Mar 10, 2009 11:49pm
Well China is not negatively effecting either the Nikkei or Hang Seng nor the S&P500 futures tonight so ...................
  • #73,775
  • Mar 10, 2009 11:51pm Mar 10, 2009 11:51pm
it apears at least on this chart bulls are failing. a-c-d show peaks that fail to reach red line (red smaller trend)..c and d form shoulders with a as the head. a hits the blue line then retreats as to keep the larger (blue) trend in tact.. if it falls below the lower (B) red line it will confirm a bearish tendency at least till things change...around 2620..imfo
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those who can, do. those who cant, talk about those who can
  • #73,776
  • Mar 10, 2009 11:52pm Mar 10, 2009 11:52pm
Quoting SunTrader
Well China is not negatively effecting either the Nikkei or Hang Seng nor the S&P500 futures tonight so ...................
Thats good. Hopefully we see another good day in the equities. Hopefully back to the 28xx's
  • #73,777
  • Mar 10, 2009 11:52pm Mar 10, 2009 11:52pm
Quoting SunTrader
Well China is not negatively effecting either the Nikkei or Hang Seng nor the S&P500 futures tonight so ...................
i consider this drop more of a reason to complete my W so i can reload long at a better value...i am still bullish on the eur/usd as long as we are above 1.2625 with new highs in sight
Different opinions highly valued, ignorant to slander.
  • #73,778
  • Mar 10, 2009 11:54pm Mar 10, 2009 11:54pm
Quoting Jay Walker
Can't say I have.

Got any recommended reading?
No I haven't actually, sorry

It is very hard to find anything of value about it.

This is about the best I could find: http://www.cmsfx.com/en/trading-soft...ilo-activator/

Works much the same way as the PSAR except the Gann hilo seems to concentrate on the bar close rather than the high/low that the PSAR seems to use.
  • #73,779
  • Mar 10, 2009 11:58pm Mar 10, 2009 11:58pm
Closed some of the position +70 pips, leaving the rest to run locked +14 pip profit.

cheers.
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"Diversification is an excuse for a lack of talent" ~FXC
  • #73,780
  • Mar 10, 2009 11:58pm Mar 10, 2009 11:58pm
5 min, 15 min,1 hour, 4 hour , daily candles all South
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