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  • #108,061
  • Jun 9, 2009 6:23pm Jun 9, 2009 6:23pm
Quoting psiholog
i dont know any good websites either because fundies to me are irrelevant being mainly a scalper. however this article does answer your question somewhat...it gives detailed information on all things relating to bonds...worth the read i must say. Just one thing...this is bloomberg...like most "news outlets" as you call them...they are biased...read between the lines if you know what i mean

http://www.bloomberg.com/apps/news?p...d=abldJuU73NDc

[b]"Indirect bidders, the class of investors that includes foreign central...
That's about all I've come across too. Thanks, but I would love to have a link that showed their source. I don't think their reporting the truth. I think the Fed is buying what they can't swap with other troubled nations. Meaning none of it is really sold, and the FED only has it's own and other nations bad dept Cheery ain't I
  • #108,062
  • Jun 9, 2009 6:28pm Jun 9, 2009 6:28pm
Quoting psiholog
is anyone else getting larger spreads then usual?...in the past 2-3 hours my spread has been 3-4 pips..sometimes 5 as compared to the normal 2. not only that but lets say a 15min candle closes at X value..the next candle opens with a 2pip gap or higher....anyone else getting this?...im scared
My spread on EU is a bit higher than usual but not very high like yours. However, noticed something strange today. Positon prices tally with chart prices but unrealized profit figure is sometimes different when PA comes back to same level even if there is no change in spread value. This is something weird. I think charts at times do not reflect correct value of spreads. (my charts show both bid and ask prices and therefore I can instantly notice if spread widen or shrink)
The Thief of Wall Street
  • #108,063
  • Jun 9, 2009 6:30pm Jun 9, 2009 6:30pm
EUR-USD refuses to go down.

The support area 1.3792/1.3805 held and EUR-USD got a push as buyers moved the price back up.

On the DAILY chart EUR-USD prices are back in the UP-CHANNEL, and if 1.3792/1.3805 support area holds we could find EUR-USD break above the recent high of 1.4338, while targeting 1.4675 and then 1.4884. See Chart.
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  • #108,064
  • Jun 9, 2009 6:36pm Jun 9, 2009 6:36pm
Looks like I got owned.


http://www.forexfactory.com/showpost...stcount=107570


Oh well, Manure Occureth. On to the next trade.
Not all sins are created equal
  • #108,065
  • Jun 9, 2009 6:37pm Jun 9, 2009 6:37pm
Quoting knuckledrag
That's about all I've come across too. Thanks, but I would love to have a link that showed their source. I don't think their reporting the truth. I think the Fed is buying what they can't swap with other troubled nations. Meaning none of it is really sold, and the FED only has it's own and other nations bad dept Cheery ain't I
http://www.treasurydirect.gov/instit...ress/press.htm
"If The Fool persists in his Folly he will become wise." - William Blake
  • #108,066
  • Jun 9, 2009 6:39pm Jun 9, 2009 6:39pm
this is my historical support resistance levels

http://forexforums.dailyfx.com/attac...nce-levels.jpg

__________________________

support resistance

.
  • #108,067
  • Jun 9, 2009 6:45pm Jun 9, 2009 6:45pm
Quoting Jay Walker
Looks like I got owned.


http://www.forexfactory.com/showpost...stcount=107570


Oh well, Manure Occureth. On to the next trade.
I appreciate your medium term trading, however, have one question. How it feels when one waits for a trade for days but market dynamics change soon after entry? and how often is that? Want to learn from you as I am thinking about moving to trading on timeframes bigger than 1H or even daily.
The Thief of Wall Street
  • #108,068
  • Jun 9, 2009 6:47pm Jun 9, 2009 6:47pm
This is my take on the situation...fwiw
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #108,069
  • Jun 9, 2009 6:51pm Jun 9, 2009 6:51pm
another possible view..
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  • #108,070
  • Jun 9, 2009 6:51pm Jun 9, 2009 6:51pm
Hi Chicky-

I knw you asked him the question, but pardon me I could not remain silent-daily wud be your preference, but I have had good going with H4. I hardly use H1. Second most important thing is that stop picking tops and bottoms, that hardly helps. Just go with the flow, cliche? Yes! Profitable ? Yes, too! Lol, for instance I was not short on EU last night

tc

Quoting Chicky
I appreciate your medium term trading, however, have one question. How it feels when one waits for a trade for days but market dynamics change soon after entry? and how often is that? Want to learn from you as I am thinking about moving to trading on timeframes bigger than 1H or even daily.
Its all in the mind.
  • #108,071
  • Jun 9, 2009 7:00pm Jun 9, 2009 7:00pm
Quoting Chicky
I appreciate your medium term trading, however, have one question. How it feels when one waits for a trade for days but market dynamics change soon after entry? and how often is that? Want to learn from you as I am thinking about moving to trading on timeframes bigger than 1H or even daily.
No matter the time frame, it always sucks to lose a trade. That's how it feels. It sucks.

But as I said, manure occureth. It happens. It's not about not losing because losing trades happens to everyone. It's about whether or not one has the ability to truly move on. I say truly move on because there's a difference between entering the next trade and you, in your mind, having left your last trade. But I might be getting too philosophical.

I hope this helps. Feel free to PM me if you wish to discuss it further.
Not all sins are created equal
  • #108,072
  • Jun 9, 2009 7:03pm Jun 9, 2009 7:03pm
Quoting 5abi
Hi Chicky-

I knw you asked him the question, but pardon me I could not remain silent-daily wud be your preference, but I have had good going with H4. I hardly use H1. Second most important thing is that stop picking tops and bottoms, that hardly helps. Just go with the flow, cliche? Yes! Profitable ? Yes, too! Lol, for instance I was not short on EU last night

tc
4H sounds good as an start to change from 1H. Yes, I commited the mistake of going short last night. It passed right through my three support benchmarks. Huge drawdown until morning, then reversed my position to long at the fourth support level of 1.3860 to with TP at 1.4020. Went back to bed and woke-up after few hours to see decent profit. Will never repeat this mistake. It is better to take a drawdown on trend reversal than going against it.
The Thief of Wall Street
  • #108,073
  • Edited 7:39pm Jun 9, 2009 7:04pm | Edited 7:39pm
Quoting The Fool
http://www.treasurydirect.gov/instit...ress/press.htm
Cool I'll look in a min thanks

Edit: I can't find who is buying, or what the FED is buying. Imagine that.
  • #108,074
  • Jun 9, 2009 7:05pm Jun 9, 2009 7:05pm
eggjactly it sucks to lose a trade, but how "bad" u feel or rather if u move on or not decides if u wud be sucsexful in trading or not.


Quoting Jay Walker
No matter the time frame, it always sucks to lose a trade. That's how it feels. It sucks.

But as I said, manure occureth. It happens. It's not about not losing because losing trades happens to everyone. It's about whether or not one has the ability to truly move on. I say truly move on because there's a difference between entering the next trade and you, in your mind, having left your last trade. But I might be getting too philosophical.

I hope this helps. Feel free to PM me if you wish to discuss it further.
Its all in the mind.
  • #108,075
  • Jun 9, 2009 7:05pm Jun 9, 2009 7:05pm
Well this is getting very interesting.

have to favor down for now, but the BS oil action is just not cooperating, so it would be risky if we saw another pointless run up.

Gotta accept some risk, so, that's the way it goes.
  • #108,076
  • Jun 9, 2009 7:08pm Jun 9, 2009 7:08pm
well, the indicators may have been screaming short last night and i know mostly people were short, but i said back on sunday also that i wud be looking to buy at lower levels.

last nite short felt wrong cuz it had already moved its daily range by the time we started turning up and my H4 long term trend (I use 40 days worth of H4 bars) was still up. I found peace when I decided never to go against long term when it is oversold (or overbought)

Quoting Chicky
4H sounds good as an start to change from 1H. Yes, I commited the mistake of going short last night. It passed right through my three support benchmarks. Huge drawdown until morning, then reversed my position to long at the fourth support level of 1.3860 to with TP at 1.4020. Went back to bed and woke-up after few hours to see decent profit. Will never repeat this mistake. It is better to take a drawdown on trend reversal than going against it.
Its all in the mind.
  • #108,077
  • Jun 9, 2009 7:10pm Jun 9, 2009 7:10pm
was it u who posted an oil related article last week? If u read that urself wud help make some sense of this oil BS

Quoting TIckerShuffl
Well this is getting very interesting.

have to favor down for now, but the BS oil action is just not cooperating, so it would be risky if we saw another pointless run up.

Gotta accept some risk, so, that's the way it goes.
Its all in the mind.
  • #108,078
  • Jun 9, 2009 7:28pm Jun 9, 2009 7:28pm
Quoting 5abi
well, the indicators may have been screaming short last night and i know mostly people were short, but i said back on sunday also that i wud be looking to buy at lower levels.

last nite short felt wrong cuz it had already moved its daily range by the time we started turning up and my H4 long term trend (I use 40 days worth of H4 bars) was still up. I found peace when I decided never to go against long term when it is oversold (or overbought)
5abi, thanks for the feedback. I am still in the process of switching from counter trending to trend trading. My first two weeks have been very successful. I think my earlier post was a little messed up. I went short last night at wrong time and again long at wrong time, but finally found the trend direction in the morning.

The only issue I face in going with the trend is the screen time. Switching to bigger timeframe maybe a solution, however, I don't know how badly it will affect my account if a medium term trade goes against me at wrong time. If I reduce number of lots, I will only be limiting my earning capacity i.e.what I earn or lose in a day will then be my weekly or monthly profit/loss. In other words, I will lose advantage of turnover (number of trades). People say medium term is profitable, but I am still not sure how it can compensate for one's turnover. Maybe I have to do some research on this.
The Thief of Wall Street
  • #108,079
  • Jun 9, 2009 7:39pm Jun 9, 2009 7:39pm
I say 10 trades worth 100 pips cannot be compared to 1 trade with a 100 pips. Plus a racing heart that comes with ecking out a living on smaller TF

Quoting Chicky
5abi, thanks for the feedback. I am still in the process of switching from counter trending to trend trading. My first two weeks have been very successful. I think my earlier post was a little messed up. I went short last night at wrong time and again long at wrong time, but finally found the trend direction in the morning.

The only issue I face in going with the trend is the screen time. Switching to bigger timeframe maybe a solution, however, I don't know how badly it will affect my account if a medium term trade goes against me at wrong time....
Its all in the mind.
  • #108,080
  • Jun 9, 2009 7:43pm Jun 9, 2009 7:43pm
Quoting 5abi
I say 10 trades worth 100 pips cannot be compared to 1 trade with a 100 pips. Plus a racing heart that comes with ecking out a living on smaller TF
Thanks. You gave me a clue. Accumulate as many no risk (BE) trades as possible and let them run. Let me try this one.
The Thief of Wall Street
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