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  • #193,981
  • Feb 11, 2010 1:29am Feb 11, 2010 1:29am
Quoting gatorinla
i got it bouncing off..

Yup, it kissed that little trend-line from yesterday and backed down.
  • #193,982
  • Feb 11, 2010 1:29am Feb 11, 2010 1:29am
Quoting The Fool
man Frankie is not what he used to be....
He's got a lot on his mind!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #193,983
  • Edited 1:45am Feb 11, 2010 1:33am | Edited 1:45am
Quoting mmccormac
Yup, it kissed that little trend-line from yesterday and backed down.
well i got 7.7100 then 7.7581.. but should go higher after...simple chart with no indis..

i got a little break.. gold may run now. then again maybe not..
those who can, do. those who cant, talk about those who can
  • #193,984
  • Feb 11, 2010 1:33am Feb 11, 2010 1:33am
good morning

no idea whats going to happen, my best guess would be Germany and France burbs and the market dives/jumps.
Technically we have lower highs and a higher low 1hr chart so no real trend to be seen, if I am "lucky" we see a little correction eg down move where I might exit my short its taking much to long for it to play out positive (DAX short) and also is about to touch my downwards tl which would either be hedging signal or exit.

Good luck trading,
T.Cat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #193,985
  • Feb 11, 2010 1:34am Feb 11, 2010 1:34am
Quoting gatorinla
*L* think like them. not like they tell ya to think.. they do their best to screw us.. *L* we busted their ass...
I look at it this way.....when I first started trading, I'm sure that much of my losses - essentially the cost of my education - made their way into the Goldman coffers. These days, I'm just making withdrawals - with interest. They're looking to cover - or at the least not to look incredibly foolish.
  • #193,986
  • Feb 11, 2010 1:38am Feb 11, 2010 1:38am
Quoting gatorinla
well i got 7.7100 then 7.7581.. but should go higher after...simple chart with no indis..
Yeah I don't use indicators... Just Pivot's and every now and then a trend-line. Gonna try your advice about the Icy Hot also to see if it helps.
  • #193,987
  • Feb 11, 2010 1:39am Feb 11, 2010 1:39am
Quoting mmccormac
Yeah I don't use indicators... Just Pivot's and every now and then a trend-line. Gonna try your advice about the Icy Hot also to see if it helps.
Personally, I think Crisco works better.
  • #193,988
  • Feb 11, 2010 1:42am Feb 11, 2010 1:42am
I have a question.

On Tuesday the market spiked about 140pips due to a rumour developing that Germany was going to assist Greece.

I am under the impression that the news wasnt being circulated through the mass media when the market took that 140pip spike??

If the news isnt widely spread to traders how is it possible for it to spike so much and what can be done to foresee such spikes in the future.

I wasnt trading that day but reading back on the forum it seemed that participants on here were caught with the their pants down as well which leads me to believe that it wasnt well known news........

Any suggestions??
  • #193,989
  • Feb 11, 2010 1:46am Feb 11, 2010 1:46am
Quoting 4exJunki
I have a question.

On Tuesday the market spiked about 140pips due to a rumour developing that Germany was going to assist Greece.

I am under the impression that the news wasnt being circulated through the mass media when the market took that 140pip spike??

If the news isnt widely spread to traders how is it possible for it to spike so much and what can be done to foresee such spikes in the future.

I wasnt trading that day but reading back on the forum it seemed that participants on here were caught with the their pants down as well which...
You can't. The only thing you can do is have appropriate risk and stoplosses.....you can minimize this by being aware of scheduled news events, but the occasional unscheduled event will catch you by surprise. Rest assured that the big money gets the information way before retail traders do....such spikes are not caused by retail traders....those are the institutions, private and/or governmental. Except when Gator hits the buy or sell button, of course.
  • #193,990
  • Feb 11, 2010 1:49am Feb 11, 2010 1:49am
Quoting gatorinla
well i got 7.7100 then 7.7581.. but should go higher after...simple chart with no indis..

i got a little break.. gold may run now. then again maybe not..
Gold should have a good break ,may be daily new tl before the up , 200ma above in H1, 3 tops .corresponding eu may to 1.37 again .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #193,991
  • Feb 11, 2010 1:52am Feb 11, 2010 1:52am
Quoting fontu
Gold should have a good break ,may be daily new tl before the up , 200ma above in H1, 3 tops .
fontu
5463 on zar may stop it.. thats an old line from months back..
those who can, do. those who cant, talk about those who can
  • #193,992
  • Feb 11, 2010 1:53am Feb 11, 2010 1:53am
i think shorts are the flavor right now, but not sure HOW far it go, maybe 5 pips or 50
  • #193,993
  • Edited 2:07am Feb 11, 2010 1:55am | Edited 2:07am
Quoting grashid
Love EU..

Orait..same setting like mentioned yesterday from here and SL=3850. Hit mean Welcome 1.3960-1.4070.

http://www.forexfactory.com/showpost...stcount=193215

If not hard drop? Let see what happen...
http://www.forexfactory.com/showpost...stcount=193215

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  • #193,994
  • Feb 11, 2010 1:56am Feb 11, 2010 1:56am
Quoting gatorinla
5463 on zar may stop it.. that an old line from months back..
That # correspond to which price ? 1073 ( ma 50 in h1) ? i forgot why I put that level from months back too .
thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #193,995
  • Feb 11, 2010 1:57am Feb 11, 2010 1:57am
AH SH!ZZ, I may have bought too much USD, hurry go, need set some BE's
  • #193,996
  • Feb 11, 2010 1:57am Feb 11, 2010 1:57am
Quoting PriceVolume
but the occasional unscheduled event will catch you by surprise.
Even the scheduled ones if you fail to look!! Happened to me a few weeks ago. Reaction from the USD Fed Funds Rate opened a pending short I had on the USD/JPY, which caught me by surprise and led to a bitter loss. Needless to state I always check the calendar now before doing my set-ups.
  • #193,997
  • Feb 11, 2010 1:59am Feb 11, 2010 1:59am
Quoting fontu
That # correspond to which price ? 1073 ( ma 50 in h1) ? i forgot why I put that level from months back too .
thanks ,
fontu
i had 6640 as a predictive. if you allow a little slip.. it may still be too early.. not a good comfirmation thus far.
those who can, do. those who cant, talk about those who can
  • #193,998
  • Feb 11, 2010 2:02am Feb 11, 2010 2:02am
It really seems that in the next few hours EUR gonna continue suppressing the buck. But in the second part of the day the situation can completely change.
  • #193,999
  • Feb 11, 2010 2:05am Feb 11, 2010 2:05am
Quoting Clouds
AH SH!ZZ, I may have bought too much USD, hurry go, need set some BE's
Wouldn't freak just yet if you're not overleveraged and have a stoploss. Alot of institutional transactions roll through at market open....many just for business purposes rather than speculation. I am always hesitant to open a position right before a market open for this reason.
  • #194,000
  • Feb 11, 2010 2:06am Feb 11, 2010 2:06am
I am taking a back seat for the moment. I want this Greece thing to be sorted out. the market seems to be all over the place.

Every now and again some unscheduled news comes out and it spikes.

Big news at 9h30 GMT.

Keep an eye out.

This whole experience has made me take a closer look at my money management and stop loss size.

I am only trading now based on S/R numbers with a SL of 15pips.

So far so good.

GBPJPY seems to be a lovely currency to trade again. Look at retracement after 180-200 pip movement. Retracements are much bigger too compared to EURUSD. SL 100pips. TP 30pips.
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