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  • #86,261
  • Apr 16, 2009 6:56am Apr 16, 2009 6:56am
Quoting Moneys Lover
- thank you...it helps me much (not a bit).... v
Great, I am learning new things everyday here so I am glad I can help a bit too.

Also, I completely agree with what dysan said, major indicators will often cause price to go nuts in one direction, only to reverse it completely after a few minutes, so it is advisable to wait it out a bit to see what the actual reaction is.
  • #86,262
  • Apr 16, 2009 6:57am Apr 16, 2009 6:57am
futures are tanking
  • #86,263
  • Apr 16, 2009 6:57am Apr 16, 2009 6:57am
Quoting Peterex
You´re out 15mins on any news or news that are declared as "high" ?

Thx
High importance. The only one that I really never ever trade is NFP.
  • #86,264
  • Apr 16, 2009 7:00am Apr 16, 2009 7:00am
Quoting paulw6182
sold 3155 100sl100ts
Question for you and I am not trying to be a smarta$$. Why did you chose 3155 to sell?
  • #86,265
  • Apr 16, 2009 7:06am Apr 16, 2009 7:06am
[quote=Tenshi28;2673192]I think trading fundamentals succesfully and precisely is very hard. I am an economist myself and work, in fact, with macroeconomics so I think understand the basic correlations of major macroeconomic indicators and exchange rate rather well, and I still can't figure out most of the price movements after indicators are released.

guess when mkt conditions are good, we can follow fundamentals but in current climate, fundamentals at most times dont make sense.
  • #86,266
  • Apr 16, 2009 7:08am Apr 16, 2009 7:08am
Quoting dysan4x
Question for you and I am not trying to be a smarta$$. Why did you chose 3155 to sell?
i just see its finilly going down in th 4h pa is below 50ema
  • #86,267
  • Edited 7:15am Apr 16, 2009 7:08am | Edited 7:15am
Quoting sholmes9000
Quoting Tenshi28
I think trading fundamentals succesfully and precisely is very hard. I am an economist myself and work, in fact, with macroeconomics so I think understand the basic correlations of major macroeconomic indicators and exchange rate rather well, and I still can't figure out most of the price movements after indicators are released.
guess when mkt conditions are good, we can follow fundamentals but in current climate, fundamentals at most times dont make sense.

Fundamentals ALWAYS make sense, markets reaction is the one that may look that it doesn't.
Traders are smartasses
  • #86,268
  • Apr 16, 2009 7:10am Apr 16, 2009 7:10am
Quoting dysan4x
High importance. The only one that I really never ever trade is NFP.
Thx
"He who is well prepared has won half the battle"
  • #86,269
  • Apr 16, 2009 7:11am Apr 16, 2009 7:11am
[quote=Spsantos;2673280]
Quoting sholmes9000

Fundamentals ALWAYS make sense, markets reaction is the one that may look that it doesn't.

Haha..true
"He who is well prepared has won half the battle"
  • #86,270
  • Apr 16, 2009 7:14am Apr 16, 2009 7:14am
Quoting paulw6182
i just see its finilly going down in th 4h pa is below 50ema
I don't know if you will get stopped out, but price is making a dash for the daily pivot. You are going to take some heat.

I had taken a short at 3160 and closed at BE when I didn't like PA. Just wondered what your motivation was.
  • #86,271
  • Apr 16, 2009 7:23am Apr 16, 2009 7:23am
We just hit the top of the smaller downward channel we've been riding. We're still inside the next larger channel, so no big deal here.

I placed some shorts at 3187. Further rise to 3230 area will not surprise me nor be cause for alarm, as we still have several other larger patterns in play that we have not even come close to breaking to the north.
  • #86,272
  • Apr 16, 2009 7:23am Apr 16, 2009 7:23am
Quoting paulw6182
i just see its finilly going down in th 4h pa is below 50ema
In the 1h you can see this movement up went till 50% of the last wave down, possible retracement and go down. And now it seems its forming a doji, reverse signal.

On 4h the down wave, stopped at 78.2% that could also be a retracement of the up move.

What do you guys think ?
"He who is well prepared has won half the battle"
  • #86,273
  • Apr 16, 2009 7:26am Apr 16, 2009 7:26am
Quoting dysan4x
I don't know if you will get stopped out, but price is making a dash for the daily pivot. You are going to take some heat.

I had taken a short at 3160 and closed at BE when I didn't like PA. Just wondered what your motivation was.
never mind daly pivot its makin a dash for my s l awell two red hiki daily candles today and yesterday, just have to sit thes things out if y whant to claim the big pips
  • #86,274
  • Apr 16, 2009 7:28am Apr 16, 2009 7:28am
Quoting Peterex
In the 1h you can see this movement up went till 50% of the last wave down, possible retracement and go down. And now it seems its forming a doji, reverse signal.

On 4h the down wave, stopped at 78.2% that could also be a retracement of the up move.

What do you guys think ?
What I see is a definite move to the pivot at 3222 and possibly as high as 3261. IMO.
  • #86,275
  • Apr 16, 2009 7:34am Apr 16, 2009 7:34am
Quoting dysan4x
What I see is a definite move to the pivot at 3222 and possibly as high as 3261. IMO.
Last 1h candle shadow hit the 61.8% of the last down move.
"He who is well prepared has won half the battle"
  • #86,276
  • Apr 16, 2009 7:34am Apr 16, 2009 7:34am
did anyone read the email from ibfx? does that mean we can't put in a trade in the opposite direction if we have one in?
  • #86,277
  • Apr 16, 2009 7:37am Apr 16, 2009 7:37am
Quoting Peterex
Last 1h candle shadow hit the 61.8% of the last down move.
I don't use fibs, so I couldn't tell ya.
  • #86,278
  • Apr 16, 2009 7:47am Apr 16, 2009 7:47am
Quoting paulw6182
never mind daly pivot its makin a dash for my s l awell two red hiki daily candles today and yesterday, just have to sit thes things out if y whant to claim the big pips
Forget I said anything....struggle on.

Edit: That wasn't nice - I read your previous post about -100 and wondered why you took that short...that's all.
  • #86,279
  • Apr 16, 2009 7:49am Apr 16, 2009 7:49am
NFP is HIGH risk
  • #86,280
  • Apr 16, 2009 8:02am Apr 16, 2009 8:02am
I really do no understand the view of coming short. I am long from 3195 and holding cause only just up move is expected, PA clearly shows it. There;s no reason to be in bear bias.

Keep it simple and accept what markets shows. Enjoy trading all and make good decisions
Wish you a lot of great moments with those you love.
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