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Why did you start trading and what do you expect from it? 19 replies

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Trade what you see NOT what you expect

  • #3,861
  • Mar 25, 2009 6:04am Mar 25, 2009 6:04am
Quoting zum
Missed it...need 2 work on my trigger finger
there are loads of trades in this market dont worry, reduce the size will help with entering more trades
Trading is 80% Emotional, 20% Technical
  • #3,862
  • Mar 25, 2009 6:06am Mar 25, 2009 6:06am
I not sure if that move was technical - I think there was a leak of the 11 news.
  • #3,863
  • Mar 25, 2009 6:11am Mar 25, 2009 6:11am
Quoting daffy
I not sure if that move was technical - I think there was a leak of the 11 news.
nope, that news was very minor stuff!
Trading is 80% Emotional, 20% Technical
  • #3,864
  • Mar 25, 2009 6:51am Mar 25, 2009 6:51am
A little bit of the fundies....

LONDON (Dow Jones)--Sterling has slipped a little against the dollar and the euro Wednesday as a regular issue of government bonds failed to find its usual level of support.
The pound had experienced a rare rally earlier this week as inflation data proved surprisingly robust and traders spotted hints from the Bank of England that it wouldn't welcome further currency weakening.
But some of the pound's newfound strength has been lost after investors bought just 93% of the 40-year gilts auctioned by the Debt Management Office earlier Wednesday. No other conventional gilt issue has met with insufficient demand since 1995.
Combined with data from the Confederation of British Industry showing sales volumes at U.K. retailers declined rapidly in March, the gilt auction has proved a drag on the pound.
Sterling slipped 0.7% against the dollar to trade at $1.4564 after the gilt auction results were released. The euro also climbed 0.5% to reach GBP0.9275.
"These results are not helping the pound," said Ian Stannard, a currencies strategist at French bank BNP Paribas in London.
"Over the medium term, we should see better support for sterling, but I'm not surprised to see a pullback, particularly in light of weak retail sales data," he said.
  • #3,865
  • Mar 25, 2009 6:56am Mar 25, 2009 6:56am
Quoting gammase1
A little bit of the fundies....

LONDON (Dow Jones)--Sterling has slipped a little against the dollar and the euro Wednesday as a regular issue of government bonds failed to find its usual level of support.
The pound had experienced a rare rally earlier this week as inflation data proved surprisingly robust and traders spotted hints from the Bank of England that it wouldn't welcome further currency weakening.
But some of the pound's newfound strength has been lost after investors bought just 93% of the 40-year gilts auctioned by the Debt Management...
thanks for sharing, 10year took a serious pounding after that! gilts locals must be loving the price action.... piss poor bid to cover ratio, with long tail by all accounts....
Trading is 80% Emotional, 20% Technical
  • #3,866
  • Mar 25, 2009 7:16am Mar 25, 2009 7:16am
Quoting Infinity


The h4 is looking bearish though... if it closes in this area or lower... we could be heading down to 4650 or even 45xx again...
Here's why I mentioned this area...

I took a long at 4550....
Attached Image
Patience + Discipline - Greed = Success
  • #3,867
  • Mar 25, 2009 7:40am Mar 25, 2009 7:40am
hey Infinity/EO/ANYBODY,

could you explain, why we trade reversals on candles that close with a short or no wick.

I understand long wicks (buyers or sellers being overcome), but if there is no wick why would we expect the reversal, as the buyers or sellers would not seem to be losing?

Thanks
  • #3,868
  • Mar 25, 2009 7:52am Mar 25, 2009 7:52am
yeah I think that that's the bottom for today infinity. I'd suspect a hangman on the daily (just a guess)
  • #3,869
  • Mar 25, 2009 8:13am Mar 25, 2009 8:13am
Hi Friends
How are you all? Whats your bias for today? I am looking to short on rally...... reason fundamentals ......CBI data was bad ......more than that failed sale of bonds in u.k ........that sounds problems with quantitative easing in u.k?

I have a feeling down day ..... 1.4650 area would be good for shorts IMHO........have to wait and see how new home sales numbers print......

I am watching EU/JPY to go long on dips /big boys have lot of tricks now difficult to guess
Happy sailing
BANDA333
  • #3,870
  • Mar 25, 2009 8:19am Mar 25, 2009 8:19am
Good Morning everyone! Are we ready to make some green pippage today?
Just digging in the trenches like everyone else!
  • #3,871
  • Mar 25, 2009 8:22am Mar 25, 2009 8:22am
Quoting eohater
Good Morning everyone! Are we ready to make some green pippage today?
Good morning EO...most definitely....
  • #3,872
  • Mar 25, 2009 8:32am Mar 25, 2009 8:32am
Quoting eohater
Good Morning everyone! Are we ready to make some green pippage today?
I think you mean ready to make some more... morning
  • #3,873
  • Mar 25, 2009 8:34am Mar 25, 2009 8:34am
Good morning EO, I got a few pips during London but could always stand to put a few more in the bank.
  • #3,874
  • Mar 25, 2009 8:36am Mar 25, 2009 8:36am
Quoting eohater
Good Morning everyone! Are we ready to make some green pippage today?
http://www.addemoticons.com/emoticon...icons04214.gif
Patience + Discipline - Greed = Success
  • #3,875
  • Mar 25, 2009 8:38am Mar 25, 2009 8:38am
Quoting Infinity
http://www.addemoticons.com/emoticon...icons04214.gif


I see we had a similar trade this morning from 4550. I closed mine at 4600. I had one last night short from 4690 to 4600 as well.

How was your footy game yesterday?

BTW: I'm seeing buyers here at 457x
Just digging in the trenches like everyone else!
  • #3,876
  • Mar 25, 2009 8:39am Mar 25, 2009 8:39am
Quoting ezodisy
I think you mean ready to make some more... morning
EXACTLY!
Just digging in the trenches like everyone else!
  • #3,877
  • Mar 25, 2009 8:44am Mar 25, 2009 8:44am
Quoting eohater


I see we had a similar trade this morning from 4550. I closed mine at 4600. I had one last night short from 4690 to 4600 as well.

How was your footy game yesterday?

BTW: I'm seeing buyers here at 457x
Excellent job bro! I only got in a few scalps before I went to bed last night. I was really tired.. I closed part of my long at 4600 but some still open...

We lost the game by 4 goals to 1 ... I scored the goal for my losing team.. but it was still a loss... It was a good workout though...

Yes.. I see that buyers are in this area as well..
Patience + Discipline - Greed = Success
  • #3,878
  • Mar 25, 2009 8:45am Mar 25, 2009 8:45am
Morning all.

New home sales at the top of the hour.

It's an important number. Cover thy arse!
Hi, my name is Barry and you can keep your doctor...
  • #3,879
  • Mar 25, 2009 8:45am Mar 25, 2009 8:45am
Quoting FOURX
hey Infinity/EO/ANYBODY,

could you explain, why we trade reversals on candles that close with a short or no wick.

I understand long wicks (buyers or sellers being overcome), but if there is no wick why would we expect the reversal, as the buyers or sellers would not seem to be losing?

Thanks
hey EO,

Any chance when you have time you can answer this question from ealier?

cheers
  • #3,880
  • Mar 25, 2009 8:46am Mar 25, 2009 8:46am
Quoting Infinity
Excellent job bro! I only got in a few scalps before I went to bed last night. I was really tired.. I closed part of my long at 4600 but some still open...

We lost the game by 4 goals to 1 ... I scored the goal for my losing team.. but it was still a loss... It was a good workout though...

Yes.. I see that buyers are in this area as well..
Sorry for the loss, but good job on the goal! That's one hell of a workout I bet.

Your holding shorts currently from 4600? or some longs still from 4550?
Just digging in the trenches like everyone else!
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