im going to take nap while this sets up
- #143,422
- Sep 16, 2009 7:36pm Sep 16, 2009 7:36pm
You joining FXCM's clients?
SSI: Retail Traders Still Trying to Fight the Trend but Stops are Stepping In
Wednesday, 16 September 2009 18:01:54 GMT
Written by John Kicklighter, Currency Strategist
http://www.forexfactory.com/attachme...1&d=1253140365
Intraday Highlight:
EURUSD - The ratio of long to short positions in the EURUSD stands at -3.04 as nearly 75% of traders...
If this kind of info was good for something it would be secret not public domain as it is....
And fighting the trend is all right if you are fighting for a reason (meaning strategy), as soon as I have a signal I'm in a mortal combat against "the trend"
- #143,423
- Sep 16, 2009 7:44pm Sep 16, 2009 7:44pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #143,424
- Sep 16, 2009 7:44pm Sep 16, 2009 7:44pm
- Joined Mar 2009 | Status: Trader | 6,418 Posts
If this kind of info was good for something it would be secret not public domain as it is....
And fighting the trend is all right if you are fighting for a reason (meaning strategy), as soon as I have a signal I'm in a mortal combat against "the trend"
public info is meant to deceit the gp
- #143,425
- Sep 16, 2009 7:44pm Sep 16, 2009 7:44pm
- Joined Oct 2006 | Status: Trader | 7,219 Posts
I laughed like hell and couldn't help but think of you
Nothing worth having is easy.
- #143,426
- Sep 16, 2009 7:46pm Sep 16, 2009 7:46pm
- Joined Oct 2006 | Status: Trader | 7,219 Posts
If this kind of info was good for something it would be secret not public domain as it is....
And fighting the trend is all right if you are fighting for a reason (meaning strategy), as soon as I have a signal I'm in a mortal combat against "the trend"
Nothing worth having is easy.
- #143,428
- Sep 16, 2009 7:53pm Sep 16, 2009 7:53pm
- Joined Oct 2006 | Status: Trader | 7,219 Posts
hi buddy.. u were advising me to try the demo.. but unfortunately demo dont offer this report
Nothing worth having is easy.
- #143,429
- Edited 8:07pm Sep 16, 2009 7:54pm | Edited 8:07pm
- Joined Mar 2009 | Status: Trader | 6,418 Posts
- #143,433
- Sep 16, 2009 8:08pm Sep 16, 2009 8:08pm
- Joined Oct 2006 | Status: Trader | 7,219 Posts
the best i can tell (from chart) it was about 90/95 pb when market started to fall. then crossed around 125pb. then crashed as oil continued up. i dont think its 90/95 this time since we are not starting at 14000..were starting 40% less this time... add in eu and maybe you get a good indi and a smaller tf..
I don't know what's going to happen. I have read quite a lot about the PPT keeping the indices up which is probably helping to get Joe retail trader's interest back in the market. Don't forget what happened to the stockmarket when they had ultra loose monetary policy before. This could run for a while (or not). Every man and his dog has been waiting for the BIG correction and are getting spanked in the meantime.
As I said yesterday, until my chart says short, I'm not shorting. I don't care if I don't catch the top. I want confirmation. And you know I'm not a scalper (well not yet anyway) so I'm not talking 10-20 pip retracements.
Nothing worth having is easy.
- #143,435
- Sep 16, 2009 8:16pm Sep 16, 2009 8:16pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
My forecast for the US equity market is based on a compilation of many factors. One day when I have the time I'll try to lay it all out for whoever is willing to listen.
Very quickly, it's based on historical gold/equity cycles, the "Q ratio", inflation forecasts, central bank policies and some charting on the S&P.
For now, sell the USD on pops. BTW, the USD is due for a pop soon.
I very much like to trade equities after a long time (last traded in early 90s). Equity trading requires longer term approach and I cannot afford it right now. Just trying to steal few pips here and there from currency market to develop skill (and if possible also accumulate margin) for the actual play.
The Thief of Wall Street
- #143,436
- Sep 16, 2009 8:32pm Sep 16, 2009 8:32pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #143,437
- Edited 8:55pm Sep 16, 2009 8:40pm | Edited 8:55pm
- Joined Jan 2008 | Status: HEY! WHA' HAPPENED? | 15,496 Posts
Not all sins are created equal
- #143,439
- Sep 16, 2009 8:52pm Sep 16, 2009 8:52pm
- Joined Oct 2006 | Status: Trader | 7,219 Posts
looks like oil is gonna spike a bunch or eu is gonna dive or a little of both. looks like when oil hit 70/72 level eu was about 1.4...... we r 700 pips above now..half way is 4350 ish ... something has to pop..this one reason of a few i think we are overextended. right or wrong either we are, or oil will have a nice up move.. but as i said before equitys are fragile. and oil demand is down and inventory is up..26 yeaR HIGH UP
I wrote this post on 16 August trying to warn the ladies about this time of year since I've been caught out in previous years. And I still got sucked in on AUD on NFP
but the daily candle on USDX at the end of that day hinted to me the US$ was going down and I was trying to take some bets on the EU Redux thread that it was going to break my support on the Monday but nobody took me up on it 
Since then all my trades have been long and have been closed in profit. I haven't placed one short trade yet.http://www.forexfactory.com/showpost...postcount=1151
Nothing worth having is easy.