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EURUSD

  • #111,121
  • Jun 16, 2009 1:18pm Jun 16, 2009 1:18pm
Vinesh2

This wave down hasnt finished by the looks of things..so how can you state that its making higher lows.

on the 1hr its not
on the 4 hr its not

daily yes it is..but this wave down ...has it finished::::

sh!t i better go long ..and cash my shorts in.

no i dont agrree...
rat
  • #111,122
  • Jun 16, 2009 1:21pm Jun 16, 2009 1:21pm
Ali

So your simple then? interesting!
rat
  • #111,123
  • Jun 16, 2009 1:22pm Jun 16, 2009 1:22pm
TheLastCoke (why the last, I love coke)

I'm sure it hasn't to do with the decimal, it is the difference to GMT which one broker have to another.

Quoting TheLastCoke
There is a huge difference between auto pivots on the 5 decimal platform and 4 decimal platform....any comments welcome.
  • #111,124
  • Jun 16, 2009 1:23pm Jun 16, 2009 1:23pm
commodities are volitile..dont go by what i post on anything.. check your charts... china could start buying today again.. no such thing as a sure thing... so use m/m.....no sooner 2 part then a fool and his money...
those who can, do. those who cant, talk about those who can
  • #111,125
  • Jun 16, 2009 1:26pm Jun 16, 2009 1:26pm
Quoting cobraforex
Thanks Gator

for any questions or thoughts drop me a PM if you like.
thanks..i will. when needed
those who can, do. those who cant, talk about those who can
  • #111,126
  • Jun 16, 2009 1:26pm Jun 16, 2009 1:26pm
Quoting gatorinla
.....no sooner 2 part then a fool and his money...
Present company excluded, of course.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #111,127
  • Jun 16, 2009 1:30pm Jun 16, 2009 1:30pm
I dont think you read my post clearly. read it again #111140
  • #111,128
  • Jun 16, 2009 1:32pm Jun 16, 2009 1:32pm
Quoting rattyo
Vinesh2

This wave down hasnt finished by the looks of things..so how can you state that its making higher lows.

on the 1hr its not
on the 4 hr its not

daily yes it is..but this wave down ...has it finished::::

sh!t i better go long ..and cash my shorts in.

no i dont agrree...
re read his post. he never said that
those who can, do. those who cant, talk about those who can
  • #111,129
  • Jun 16, 2009 1:32pm Jun 16, 2009 1:32pm
Quoting cobraforex
TheLastCoke (why the last, I love coke)

I'm sure it hasn't to do with the decimal, it is the difference to GMT which one broker have to another.
Yes, there is one hour difference, Thanks.
  • #111,130
  • Jun 16, 2009 1:33pm Jun 16, 2009 1:33pm
Eu coming down so slow .........
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #111,131
  • Jun 16, 2009 1:34pm Jun 16, 2009 1:34pm
I have never posted here as I usually trade gbp/jpy and gbp/usd but Vinesh2 said LOWER HIGHS (NOT higher lows as you quoted) in his post. I am too in a short with E/U.

Quoting rattyo
Vinesh2

This wave down hasnt finished by the looks of things..so how can you state that its making higher lows.

on the 1hr its not
on the 4 hr its not

daily yes it is..but this wave down ...has it finished::::

sh!t i better go long ..and cash my shorts in.

no i dont agrree...
  • #111,132
  • Jun 16, 2009 1:34pm Jun 16, 2009 1:34pm
Quoting gatorinla
.....
india buys brass
u.s. buys #1
china #2..
I love it how you say #2


[but had to google it..]
  • #111,133
  • Jun 16, 2009 1:37pm Jun 16, 2009 1:37pm
Quoting gatorinla
no big deal... cause your right to a point.. as long as they are using as they sell... the trick is they were not.. exports were down as copper demand increased.. export demand still down, but now copper demand is decreasing.. what does that mean? it means their full or they or trying to manipulate (supply demand) the price to buy it cheaper when price falls.. you know how business works.. 2 for 1 sale.. either way it will put pressure on eu for a while... the difference is this time copper is starting out cheaper.closer to the floor.. as is eu,...
point taken, maybe you're right.
as for copper, it began the upmove based on speculation of Obana stimulus and and not on china expectations then later the markets went up etc etc. i dont trade copper anymore, therefore i don't have a clear view on that commodity and i dont use it as a benchmark anymore and i dont know if "china play" moves the copper market right now, i think it is more usdx based now, i repeat this is what me thinks , not what it really is, as for all other things too.

as for eu, i know it has by far surpassed my expectations as i did bet my money it will not go to 1.4, well it id, now i still think that eu is overvalued and the indexes are overvalued too since all that money that was on the sidelines is in the markets now, should the market go higher based only on expectations ? of course it can, there are a lot of bulls out there buying all the dips they find, which would mean weak usd etc, but you get my point.

one thing i am sure, is that fundamentals don't lie, they may come late into play but they will eventually, and for me EU is weak.

Oil, can oil go up and usd go up on the same time ? yes it can, this is what i think. Oil is used as inflation hedge on late 3 weeks and that has made its fundamentals even stronger. I love it very much, it is not easy to trade as you get whipsawed from the market in unimaginable way, and i do drink and vomit it from time to time.
  • #111,134
  • Jun 16, 2009 1:38pm Jun 16, 2009 1:38pm
Quoting hoek_nl
I love it how you say #2


[but had to google it..]
its the way copper is graded..ok got it... shit copper.. im slow at times
those who can, do. those who cant, talk about those who can
  • #111,135
  • Jun 16, 2009 1:48pm Jun 16, 2009 1:48pm
No apologies required. We are all here to learn. Hopefully some new traders would understand that risking your account for small pips by scalping 5-10 times a day is not worth it. Even if you made a 100 pip a day how much stress do you go thru? If you lost all in one swoop imagine the fear it brings into you. Unless you have a solid back tested consistent strategy, scalping is extremely risky. I am talking from experience. I use to scalp and was elated when I earned 30-70 pips a day consistently for 2 months and then i got greedy and careless and started to bet more and over traded and I lost all my earnings in one stubborn trade. Tell me this hasn't happened to you. Now I only trade 2-3 days a week. I have a weekley target and I meet that in 2-3 days of trading without having to put 5-10 trades a day. I have a strategy and have stopped being greedy and trying to collect every single pip I can get. Forex is all about managing your loss's and maximizing your profits. Treat it as a business not gambling or hobby.
  • #111,136
  • Jun 16, 2009 1:49pm Jun 16, 2009 1:49pm
time well spent is time not spent
those who can, do. those who cant, talk about those who can
  • #111,137
  • Jun 16, 2009 1:51pm Jun 16, 2009 1:51pm
Quoting vinesh2
No apologies required. We are all here to learn. Hopefully some new traders would understand that risking your account for small pips by scalping 5-10 times a day is not worth it. Even if you made a 100 pip a day how much stress do you go thru? If you lost all in one swoop imagine the fear it brings into you. Unless you have a solid back tested consistent strategy, scalping is extremely risky. I am talking from experience. I use to scalp and was elated when I earned 30-70 pips a day consistently for 2 months and then i got greedy and careless and...
Well said. I understand it all too well!
  • #111,138
  • Jun 16, 2009 1:52pm Jun 16, 2009 1:52pm
"Depend not on fortune, but on conduct."

"One Love" people.....
  • #111,139
  • Jun 16, 2009 1:55pm Jun 16, 2009 1:55pm
Quoting vinesh2
No apologies required. We are all here to learn. Hopefully some new traders would understand that risking your account for small pips by scalping 5-10 times a day is not worth it. Even if you made a 100 pip a day how much stress do you go thru? If you lost all in one swoop imagine the fear it brings into you. Unless you have a solid back tested consistent strategy, scalping is extremely risky. I am talking from experience. I use to scalp and was elated when I earned 30-70 pips a day consistently for 2 months and then i got greedy and careless and...
agree 100 % vinesh2
The Chonchy
  • #111,140
  • Jun 16, 2009 1:56pm Jun 16, 2009 1:56pm
Quoting vinesh2
...scalping is extremely risky. I am talking from experience. I use to scalp and was elated when I earned 30-70 pips a day consistently for 2 months and then i got greedy and careless and started to bet more and over traded and I lost all my earnings in one stubborn trade.
Non sequitur. Your greed and poor mm zapped your earnings, scalping had nothing to do with it. The same thing could have happened on a month-long trade.
"If The Fool persists in his Folly he will become wise." - William Blake
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