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  • #84,781
  • Edited 1:25pm Apr 10, 2009 1:24pm | Edited 1:25pm
Quoting billye
...........

I checked chart and my post to see if I am sleeping
Billye, I am sorry, the post was a mistake. Just deleted before someone replies with a Nurd sign on it. I am a (a kind of) 22 year old newbie.
The Thief of Wall Street
  • #84,782
  • Apr 10, 2009 1:28pm Apr 10, 2009 1:28pm
EU M30 chart: In my last posts regarding H & S pattern on H4 chart, no doubt I view this in bearish fashion. As for the last two sessions of this week, this M30 chart says it all for me. The most substantial relative volume moves I view as selling. And during this last session, with the big players gone, nothing much but PA activity between the open of this session and the low of the previous session. When the market reopens next week, while at first many will wait to see what direction it will take, there will be a good opportunity for the big players, without much resistance, to pump up the price again on little volume before they again begin selling off.....maybe around 100 pips to the 1.3250 area. Either that, or maybe they won't bother, and instead will just start dumping right away. But the big players have an opportunity to "pump to dump" on the next open without much resistance, and I can not see them missing an opportunity.
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  • #84,783
  • Apr 10, 2009 1:45pm Apr 10, 2009 1:45pm
Trends are having nice Easter weekend.....relaxing for next week volatile ups and downs
  • #84,784
  • Edited 1:49pm Apr 10, 2009 1:46pm | Edited 1:49pm
Gambling Rule 2: Disaster is the ultimate result of any kind of gambling. Because, there is a limit to how much one can lose, but no limit to how much one wants to win.

How it applies to forex: Everything that goes up ultimately comes down (or vice versa). But, we don't know, when, how and how much.

Suggested Trading Tips: Always open small positions; decide your risk based on highest possible timeframe you think is reasonable (e.g. daily to monthly, but not five seconds or century); take some profit when market offers you; sit tight (on your winners not losers; Sitting too tight on losing trades beyond planned drawdown is unwise).
The Thief of Wall Street
  • #84,785
  • Edited 2:20pm Apr 10, 2009 2:00pm | Edited 2:20pm
Quoting billye
is it possible that today's no move is because of a tie in long / short in terms of power?

that means if one group leaves earlier for Friday dinner/weekend, they other group will be able to move it??

which group will leave early for dinner then??

seems worth while to build a correlation for
opti/pessi group <=> their Friday dinner/weekend habits...
and may be useful for low liquidity strength/weakness analysis.
This piss-ant movement is NOT from players that move the market....they are away enjoying the long weekend. Play by play analysis here, as relates to how the market movers work, is a waste of time imho. If anything, imho, some small player may also believe the big boys will do a "Bump and Run" move next week....and is in now long to capitalize on the "Bump" side of that play. But, anything can happen, and this last "move" is not a measure of it. Looking at the M1 chart, it could be that some broker started the movement by gapping it up 3 pips to start shorting for their own account! Who knows.....when there is little volume it is easy for some people to manipulate the PA, making the appearance of movement in one direction to sucker in the "herd" while they actually take on positions opposite to the "apparent" direction.
  • #84,786
  • Apr 10, 2009 2:03pm Apr 10, 2009 2:03pm
Trends are having nice Easter weekend.....relaxing for next week volatile ups and downs
  • #84,787
  • Apr 10, 2009 2:21pm Apr 10, 2009 2:21pm
happy holidays
  • #84,788
  • Apr 10, 2009 2:31pm Apr 10, 2009 2:31pm
FYI: I just received this from IBFX.

Due to the expected low liquidity on Easter Sunday, April 12, 2009, IBFX will not open for trading until 8:00 PM ET. Please be advised that our spreads are not fixed and will fluctuate in low volume/liquidity conditions.

IBFX
  • #84,789
  • Apr 10, 2009 2:41pm Apr 10, 2009 2:41pm
It's the release of US deficit. Evryone knows it's gonna be sky high but it's as good an excuse as any to move the market.
  • #84,790
  • Apr 10, 2009 5:19pm Apr 10, 2009 5:19pm
Even on a low volume Good Friday pivots work well. Actually on days like this they sometimes work better.
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  • #84,791
  • Apr 10, 2009 5:31pm Apr 10, 2009 5:31pm
[IMG]outbind://126-00000000F6B60250C2EC2541BFBFC25A9E987D2B0700FF785A5FD5327147BC74518907EADDDD00000F6F18C10000CB9B6F0E562E9940B87D38C84F52E338000078C796A10000/52883e1.jpg[/IMG]
New voice message: Why are you calling me? If I need you, I'll call you!
  • #84,792
  • Apr 10, 2009 5:52pm Apr 10, 2009 5:52pm
Quoting KillerWhale
[IMG]outbind://126-00000000F6B60250C2EC2541BFBFC25A9E987D2B0700FF785A5FD5327147BC74518907EADDDD00000F6F18C10000CB9B6F0E562E9940B87D38C84F52E338000078C796A10000/52883e1.jpg[/IMG]
that's clear as mud
  • #84,793
  • Apr 10, 2009 6:04pm Apr 10, 2009 6:04pm
Quoting SunTrader
Even on a low volume Good Friday pivots work well. Actually on days like this they sometimes work better.
I don't like trading Fridays anyway, so today wasn't a loss for me. Just wondering what you think of fib's and fib extensions working with pivots
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  • #84,794
  • Apr 10, 2009 7:23pm Apr 10, 2009 7:23pm
Quoting SunTrader
Even on a low volume Good Friday pivots work well. Actually on days like this they sometimes work better.
You would think I'd learn but I was sure it was going to head south.

It's what happens when I think.

Every single time I 'know' something... my azz gets handed to me.

I really have to stop thinking and listen to those damn charts.

Low vols days suck... I know this but I was up 300/p on the week.

Now I'm up 180/p on the week.

m
  • #84,795
  • Apr 10, 2009 7:31pm Apr 10, 2009 7:31pm
Several of you expressed interest in a retrace system I use.

I still apply pivots but I like retrace systems.

I crafted a doc that looks like a third grader wrote it ... if you want it PM me and I'll forward it to you.

CAUTION: IT AIN'T THE GRAIL.

Just another system.

Nothing is... well... MM maybe.

Keep in mind... there are lot of systems that really work and some good ones on the FF.

The failure is often the operator and not the machine.

Mike
  • #84,796
  • Apr 10, 2009 7:34pm Apr 10, 2009 7:34pm
current price 1.3177

community service
  • #84,797
  • Apr 10, 2009 7:52pm Apr 10, 2009 7:52pm
Quoting knuckledrag
... Just wondering what you think of fib's and fib extensions working with pivots
It's a lot like Clyde...

"Left Turn, Clyde..."

If the Right one don't getcha, then the Left one will.

That should test your deciphering skills anyway.

Btw, Our daughter just got inducted into some highfalutin Honors Society thing for 4.o GPA things. I'd like to say she got it all from moi, but that would be....
FUBAR...
  • #84,798
  • Apr 10, 2009 7:53pm Apr 10, 2009 7:53pm
Wait for it....


FUBAR...
  • #84,799
  • Apr 10, 2009 7:54pm Apr 10, 2009 7:54pm
A Fib.

FUBAR...
  • #84,800
  • Apr 10, 2009 7:54pm Apr 10, 2009 7:54pm
Quoting knuckledrag
that's clear as mud
I know,sorry, I have to find a different way to post this.
New voice message: Why are you calling me? If I need you, I'll call you!
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