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  • #161,181
  • Nov 12, 2009 4:42pm Nov 12, 2009 4:42pm
Quoting wwwin
And Bernanke knows that devaluing the dollar is the only way to rescue the housing market, since most properties bought during the boom are now worth 1/2 of what is owed on the properties. He needs inflation for that to happen which mean IR are not going up for quite some time. That is why the $$ is increasingly becoming a funding currency.
I keep seeing news, comments or otherwise, stating that when the news about the US economy is bad, investors flock to the USD... that doesnt make any sense at all. Its like running back into a burning building. Is it purely because the USD is still the reserve currency?

The way I see it, and the way I trade, is bad US news = bad US dollar... not bad US news = good US dollar. Thats just stupid.
  • #161,182
  • Nov 12, 2009 4:47pm Nov 12, 2009 4:47pm
Okay. I'm back from a birthday and time to write some:

#1 EU trade completed TP 4840 entry 5035. Okay.
#2 CAD trade TP modified from 0625 to 0590. Entry 0455 and 605 for an average of 530... I know, this trade sucks.

#3 and the most interesting AUD: entry 9355 and TP 9210. NOT HIT. check the picture below. the dashed red line is the take profit. As you can see I use a well known ECN and that order was in the real market. Only thing is it's less than the standard lot. I've been watching for a while the level 2 on that broker and there's always a storm of standard lots going to and fro. But when it comes to non standard lots, market gets stuck. It's the second time today that price turned within less than one pip of my TP's and 5th time this week only. Now I don't know what to make out of it: either I'm right on the pip or when it comes to non standard lots they can't be executed as easy as multiple of standard lots. I had one take profit on cable this week - the market paused for one full minute with my position as bid. As soon as it was cleared it dropped 5 pips instantly...Well it's a long discussion and it's open.
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  • #161,183
  • Nov 12, 2009 4:54pm Nov 12, 2009 4:54pm
Quoting TheFisherman
Okay. I'm back from a birthday and time to write some:

#1 EU trade completed TP 4840 entry 5035. Okay.
#2 CAD trade TP modified from 0625 to 0590. Entry 0455 and 605 for an average of 530... I know, this trade sucks.

#3 and the most interesting AUD: entry 9355 and TP 9210. NOT HIT. check the picture below. the dashed red line is the take profit. As you can see I use a well known ECN and that order was in the real market. Only thing is it's less than the standard lot. I've been watching for a while the level 2 on that broker and there's always...
i think your cad sucks too.... im also in aud. s and cad long... i posted this here earlier. #161016
those who can, do. those who cant, talk about those who can
  • #161,184
  • Nov 12, 2009 4:57pm Nov 12, 2009 4:57pm
Quoting TheFisherman
Okay. I'm back from a birthday and time to write some:

#1 EU trade completed TP 4840 entry 5035. Okay.
#2 CAD trade TP modified from 0625 to 0590. Entry 0455 and 605 for an average of 530... I know, this trade sucks.

#3 and the most interesting AUD: entry 9355 and TP 9210. NOT HIT. check the picture below. the dashed red line is the take profit. As you can see I use a well known ECN and that order was in the real market. Only thing is it's less than the standard lot. I've been watching for a while the level 2 on that broker and there's always...
updated. yellow line is your next shot. then the others.. one may save you. but if not you make it back on your eu short
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those who can, do. those who cant, talk about those who can
  • #161,185
  • Nov 12, 2009 5:02pm Nov 12, 2009 5:02pm
Quoting gatorinla
i think your cad sucks too.... im also in aud. s and cad long... i posted this here earlier. #161016
I know it sucks. Well, I can't have them all can't I? Although by checking the dailies now I see CAD and AUD both have that strong reversal candle (hh/ll + close below/above prev day low/high). Gold too. I don't know, maybe I was in a rush to close orders so early but i'm sticking with the plan for my mind health sake.

For E/U i'm looking for a first long entry slightly below 4800 if it gets there.

What do you think about the "turnaround" thing I said? It's really odd. I couldn't possibly be "on the pip" so many times even if I was Madoff on crack. I think that the orders smaller than the standard lot are temporarily halting the market since there is not so many clearing possibilities as standard lots.
  • #161,186
  • Nov 12, 2009 5:03pm Nov 12, 2009 5:03pm
Quoting gatorinla
updated. yellow line is your next shot. then the others.. one may save you. but if not you make it back on your eu short
yeah...said I modified TP to 590, that's 6 pips above your yellow. we'll see tomorrow. see other post above why i think my target will get hit and passed away. maybe going to your second yellow above. EU short is done. 195 pips.
  • #161,187
  • Nov 12, 2009 5:09pm Nov 12, 2009 5:09pm
On EUR/USD, I'm looking for 1.4991 on the 1 hour.
  • #161,188
  • Nov 12, 2009 5:11pm Nov 12, 2009 5:11pm
Quoting gatorinla
repoke complete on usx atm. cad attempting a reversal bottom if nothing changes.. red lines are the major trend lines while pink could be the new lower trendline (at least maybe today). a breach of upper red trendline will help usd on most pairs temp. but a breach of blue line is more fuel for the spark. this is a commodity pair.. so it means something..just something to watch and weigh into other charts. the eu trend is still up. so maybe you get a better entry. but this could last a few days or more or not at all
__________________if pink line...
could you tell me if you re using some kind of indicator to do your fibs or you do draw them normally by yourself( if yes please could you tell me all those fib percent numbers?)
Pation is the Holy Grail
  • #161,189
  • Nov 12, 2009 5:12pm Nov 12, 2009 5:12pm
Quoting Chicky
Two sls hit by one pip before market took my direction. Both orders bigger than ususal. Re-quotes 90% of the time in borker's favor and against me. Almost impossible to place market orders even in less volatile situations.

All the above add up to lost opportunities of at least (AT LEAST) 40%-50% of my account balance during last six weeks. Only one sl that got hit represents half of the above loss.

No matter which broker I selected, this starts happening exactly one month after the account opening, not before not after.

But this is...
Okay, but I'm talking about an ECN. For ECN stop orders are market orders (ie. they get executed when the market hits the level - that's why they don't guarantee stops). Limit orders (TP is included) are static - you set them and they go in the market waiting to get filled. I'm using this ECN to avoid conflict of interest. They are okay they don't chase my money. they get more than enough through commision and swap. They advise not to use them overnight because they have high swap but believe me I've seen worse. Not that I recommend them no. It's just my first ECN and I'm trying to make something out of these too often occurences. I mean, who am I to pause the market with my order for one full minute right? Very intriguing.
  • #161,190
  • Edited 5:16pm Nov 12, 2009 5:12pm | Edited 5:16pm
Seems to have hit strong support at 76.65 on Daily, if it breaks that next level would be 72 area, which hasen't been seen since around Oct 12. Wuth the holiday season fastly approaching, I doubt oil will drop any lower, but if it does I'm looking for the EU to break it's strong support 4815 zone and head to about 4700 zone. 4hr and daily look to have a nice range developing.

5050 for the top area, 4640 to 4700 for bottom. O am talking longer term here.
All that is left in FF is just plain garbage. "Cloggie"
  • #161,191
  • Nov 12, 2009 5:20pm Nov 12, 2009 5:20pm
yellow lines are trend since march... i posted last week we breached upper line. but it never turned up till recently.. notice bottom purple line has been support but missed it last time... so thats a bullish sign.. next we got a fib at 75.83 long term fib.. then you got blue trend line ... then purple again.. then more fibs ect. it could be a bottom base forming.. or just a pullback that may last a few days.. time will tell.. same colored lines are mates. anyway we broke the march trendline..
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those who can, do. those who cant, talk about those who can
  • #161,192
  • Nov 12, 2009 5:25pm Nov 12, 2009 5:25pm
I don't get it..i saw the chart...all I see is a black circled area...


Quoting fadi66
here guys what iam watting for......
In Charts We Trust!
  • #161,193
  • Nov 12, 2009 5:28pm Nov 12, 2009 5:28pm
Quoting CzechTrade
could you tell me if you re using some kind of indicator to do your fibs or you do draw them normally by yourself( if yes please could you tell me all those fib percent numbers?)
depends fibs are drawn from a high and low. on tf your looking at.. you can add in dailys also.. some are predictive if posted that way. those are subjective. still working on that. ass chart was/is predictive.
those who can, do. those who cant, talk about those who can
  • #161,194
  • Nov 12, 2009 5:33pm Nov 12, 2009 5:33pm
i did as i promised - next price action study is on my blog. today we have eurusd move. everybody is invited.
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  • #161,195
  • Nov 12, 2009 5:40pm Nov 12, 2009 5:40pm
Anyone else see a 4 pip gap on EURUSD at 1:30GMT, it was quickly filled at 1:31GMT, but i remember reading earlier about gaps always being filled, seems to hold true.
  • #161,196
  • Nov 12, 2009 5:42pm Nov 12, 2009 5:42pm
Quoting gatorinla
depends fibs are drawn from a high and low. on tf your looking at.. you can add in dailys also.. some are predictive if posted that way. those are subjective. still working on that. ass chart was/is predictive.
and what fibs levels do you use? bc when i draw gibs on my chart i have only 5 levels.. there are like 10 fibs levels on your chart.. could you tell me the levels you use?
Pation is the Holy Grail
  • #161,197
  • Nov 12, 2009 5:44pm Nov 12, 2009 5:44pm
Can you trade the asian session better than european?
  • #161,198
  • Nov 12, 2009 6:06pm Nov 12, 2009 6:06pm
It would seem that we have some decent bull action at the start of the Tokyo session.
  • #161,199
  • Nov 12, 2009 6:14pm Nov 12, 2009 6:14pm
From 4870 to 4700. Using Daily tf. Will hedge if we break 4880. Good trading everyone!
All that is left in FF is just plain garbage. "Cloggie"
  • #161,200
  • Nov 12, 2009 6:21pm Nov 12, 2009 6:21pm
Quoting CzechTrade
and what fibs levels do you use? bc when i draw gibs on my chart i have only 5 levels.. there are like 10 fibs levels on your chart.. could you tell me the levels you use?
sometimes more then hundreds.. simply divide fibs levels in half. on larger fibs place a smaller between each level.. you will be surprised
those who can, do. those who cant, talk about those who can
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