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  • #150,061
  • Oct 7, 2009 12:00pm Oct 7, 2009 12:00pm
I know its hard, but its a good seed to plant for when they come full circle back to this advice...if they do...

Trading a single pair allows them to familiarize themselves with the specific personality in terms of price movement of the pair. In essence, they become an expert in that pair.

Over time, they will also learn the market ranges and the support and resistance levels which are all added fuel to profitable trading.



Quoting acumen
This is hard for new traders... trading 1 pair.

Trade the majors and stay away from the exotics until you're well schooled.

The most liquid pair is the e/u.

Mike
In Charts We Trust!
  • #150,062
  • Oct 7, 2009 12:03pm Oct 7, 2009 12:03pm
Quoting egypt
iam new man and i want know if the come news about usd if good it will go down
the chart will tell you what the news is.

to be honest... no one when knows.

news is often interpreted by the market... this makes any release subject to WTF clause.

be patient... watch the market react.

m
  • #150,063
  • Oct 7, 2009 12:04pm Oct 7, 2009 12:04pm
Quoting egypt
iam new man and i want know if the come news about usd if good it will go down
I'm also relatively new here, let me ask in another way, i know your native language is not English, neither mine, hehehehe....

Does the Consumer Credit m/m creates volatility?
  • #150,064
  • Oct 7, 2009 12:05pm Oct 7, 2009 12:05pm
Quoting egypt
iam new man and i want know if the come news about usd if good it will go down
so far it said... big fukin deal.

give it 15 mins or so.

m
  • #150,065
  • Oct 7, 2009 12:06pm Oct 7, 2009 12:06pm
Quoting acumen
the chart will tell you what the news is.

to be honest... no one when knows.

news is often interpreted by the market... this makes any release subject to WTF clause.

be patient... watch the market react.

m
thx man i want get some of i lose
  • #150,066
  • Oct 7, 2009 12:08pm Oct 7, 2009 12:08pm
Quoting acumen
so far it said... big fukin deal.

give it 15 mins or so.

m
it woulda took a pretty big green number to make any kind of a splash. Everybody I know is living on credit....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #150,067
  • Oct 7, 2009 12:12pm Oct 7, 2009 12:12pm
The big move is reserved for tommorrow, i guess.
Traders are smartasses
  • #150,068
  • Oct 7, 2009 12:22pm Oct 7, 2009 12:22pm
There's one good fade left before I shut 'er down I believe....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #150,069
  • Oct 7, 2009 12:29pm Oct 7, 2009 12:29pm
Hi all. How are you doing? Market's been good to you?
  • #150,070
  • Oct 7, 2009 12:31pm Oct 7, 2009 12:31pm
Expect big surge by DowJ this thirty minutes to close for Alcoa party. don't be short!
----- Dragonfly out in the sun you know what I mean, don't you know
  • #150,071
  • Oct 7, 2009 12:33pm Oct 7, 2009 12:33pm
Quoting TheFisherman
Hi all. How are you doing? Market's been good to you?
Whatever doesn't kill you only makes you stronger. How bout you - how's married life - you gettin any sleep?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #150,072
  • Oct 7, 2009 12:38pm Oct 7, 2009 12:38pm
Quoting The Fool
Whatever doesn't kill you only makes you stronger. How bout you - how's married life - you gettin any sleep?
Man I tell you: I'm fucking tired that's what I am. Back testing my robots on demo in real time is absolute boredom. But when you start seeing results all the sleepless night for last six months are gonna come to you. Married life is good. Don't have time for it for the moment .
  • #150,073
  • Oct 7, 2009 12:38pm Oct 7, 2009 12:38pm
Interesting read

http://zerohedge.blogspot.com/2009/0...dark-pool.html
  • #150,074
  • Oct 7, 2009 12:48pm Oct 7, 2009 12:48pm
Quoting vinesh2
Interesting read

http://zerohedge.blogspot.com/2009/0...dark-pool.html
True. As I understand this refers to stocks. These so called dark pools are always present to any of your Forex broker. Before sending your orders further to the market they match inside the house. Sometimes, when they think you are wrong they take the other side of the trade. That's why brokers that usually take he other side of your trade are not to be trusted: they won't like it when you are taking their money and they would do ANYTHING (literally) to prevent you from taking their money. Complete lack of fair-play. Stick to ECN's.
  • #150,075
  • Oct 7, 2009 12:54pm Oct 7, 2009 12:54pm
I believe that's why they got rid of hedges in the U.S.....albeit the consumer protection reasons NFA gave which we all know is complete and utter bullshit.


Quoting TheFisherman
True. As I understand this refers to stocks. These so called dark pools are always present to any of your Forex broker. Before sending your orders further to the market they match inside the house. Sometimes, when they think you are wrong they take the other side of the trade. That's why brokers that usually take he other side of your trade are not to be trusted: they won't like it when you are taking their money and they would do ANYTHING (literally) to prevent you from taking their money. Complete lack of fair-play. Stick to ECN's.
In Charts We Trust!
  • #150,076
  • Oct 7, 2009 12:55pm Oct 7, 2009 12:55pm
What's a good ECN?
Most are STP's these days.

Quoting TheFisherman
True. As I understand this refers to stocks. These so called dark pools are always present to any of your Forex broker. Before sending your orders further to the market they match inside the house. Sometimes, when they think you are wrong they take the other side of the trade. That's why brokers that usually take he other side of your trade are not to be trusted: they won't like it when you are taking their money and they would do ANYTHING (literally) to prevent you from taking their money. Complete lack of fair-play. Stick to ECN's.
In Charts We Trust!
  • #150,077
  • Oct 7, 2009 12:59pm Oct 7, 2009 12:59pm
Quoting X.Oden
I believe that's why they got rid of hedges in the U.S.....albeit the consumer protection reasons NFA gave which we all know is complete and utter bullshit.
What? What? You mean the NFA is not looking out for the best interests of the retail forex "investor"? They have the broker/dealer's d**k in one ear & out the other side? Well, I'm shocked.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #150,078
  • Oct 7, 2009 1:00pm Oct 7, 2009 1:00pm
Quoting sophiaphia
Expect big surge by DowJ this thirty minutes to close for Alcoa party. don't be short!

 

  2. There it goes flying DowJ almost no longer negative for the day.
  3. GS up 2 percent - session high!
  4. Aloca up 2 percent - session high!
  5. e/u should be picking up the pace over 47

Earnings season has started, go Alcoa : ) - me long financials, up 1 percent

----- Dragonfly out in the sun you know what I mean, don't you know
  • #150,079
  • Edited 1:43pm Oct 7, 2009 1:08pm | Edited 1:43pm
Aloca posts .04 instead of neggy 0.09
----- Dragonfly out in the sun you know what I mean, don't you know
  • #150,080
  • Oct 7, 2009 1:10pm Oct 7, 2009 1:10pm
Quoting X.Oden
What's a good ECN?
Most are STP's these days.
Couldn't tell you from personal experience. I use MB Trading but I doubt they are a good ECN. They behave like one though. The thing is when you sign they specify they take the other side of your trade and then reroute it immediately to banks or whatever and so you are not playing against them. I think since they went the trouble to put this in the papers you sign they really do it. Another thing is that unlike a bucket shop a market order will not be filled at the quoted price. They will fill it at a average price if it's big enough. That's good enough for me. I don't want a broker that I will be forced to play against. It's pure conflict of interest.
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