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  • #203,761
  • Feb 26, 2010 9:30pm Feb 26, 2010 9:30pm
Okay, well that's different. My broker just closes down for the weekend (no weekend trades) and then the spreads just grow to 20+ pips. Then the re-open Sunday evening, but I think they have some sort of robot trading system on at that time, so I don't bother with trades 'til just before Asia opens.
Si vis pacem, para bellum.
  • #203,762
  • Feb 26, 2010 9:52pm Feb 26, 2010 9:52pm
Quoting john2301
Hi guys
Noticed there is indecision in the mkt and also in the FORUM
hahaha. This is where we as traders have to bet before the crowd.
We can use stop loss to protect us but it is common for the trend to
hit our SL than reverse the other way.
Nobody can tell for sure...so much uncertainty in the mkt...
Clouds u predicted the 1.3625 reversal down...what do u see?
or shall I say at which level will u buy or sell?

Infact the going up or down doesn't matter it is the entry point for buy n sell is what make the difference. Shall we all share our entry...

I think there's a possibillity for a corrective up move to the 3780 area. That area will be a sure sell. Great resistance and a nice price to hold for a lower low, below 3442 My view.
  • #203,763
  • Feb 26, 2010 11:20pm Feb 26, 2010 11:20pm
Quoting Artcritique
These people advertise that they are "allways open". They just slap on big spreads for cya...They specifically promote that with their platform, you will be able to trade 'news events' in the weekend hours.
Where does it say on their page that they are always open? I've been using them for awhile along with some other members and the market always closes for oanda at 3 PM pst on friday and opens at about 10:30 am pst on Sunday...this is earlier than other brokers that I use and this is also when the spread increases. I don't know of any broker that you can place trades after hours with your charting program...
I agree that they should send us an email I guess but if they are going to do some server maintenance, I would definitely prefer they do it when the market is closed. You should be able to get with an agent first thing right before market opens on Sunday if you're still having issues. I'd still imagine that it is fixed here within the next few hours.

Take care
  • #203,764
  • Feb 26, 2010 11:21pm Feb 26, 2010 11:21pm
Quoting Duce
Okay, well that's different. My broker just closes down for the weekend (no weekend trades) and then the spreads just grow to 20+ pips. Then the re-open Sunday evening, but I think they have some sort of robot trading system on at that time, so I don't bother with trades 'til just before Asia opens.
this is pretty much exactly how they are too...but spread is usually more like 10+ pips before new zealand opens for a few hours...
  • #203,765
  • Feb 26, 2010 11:36pm Feb 26, 2010 11:36pm
Quoting tonyo524
for over 2 years in this business. Not including the first 3 learning years. In your previous post you put that eu and usdchf were both in a downtrend. That statement means you still have a lot to learn. In addition, lower lows and lower highs would suggest a downtrend, which is not shown in your chart. Keep thinking like sky if you want, and you will end up like him. Long from 1.5 and in a 1500 pip drawdown, now once again I say good luck, according to your previous analysis, you're going to need it!
ok l, here is an advise from a stocks trader since 10 years .

read what ever written by any one else carefully and don't assume or change whatever said , its bad for any mature debate.

if you keep choosing to be blind its your choice . I hoped to have intellectual conversation but you choose the ignorance and arrogance side so there is no point from posting.
I SEE YOU !!
  • #203,766
  • Feb 26, 2010 11:42pm Feb 26, 2010 11:42pm
Quoting sohail212
Forum is to share ideas and same time question them too, so we can learn and better understand them. If you are too sensitive to the questions then don't post.

Have a Good Weekend or should I keep this to myself too.
I am open to any discussion and I will be happy to talk sense .

its about talking like mature people talk .
when I or any one present some chart with theory its debatable . but when there are no questions and only accusations and sarcasm like babies or kindergarten kids then i had to respond like that .

thanks you and I wish you a good week end
I SEE YOU !!
  • #203,767
  • Feb 27, 2010 12:00am Feb 27, 2010 12:00am
I closed down my shorts even though I expect further down moves to continue over the forthcoming days. I think there is a good chance of another HH. Just hope I don't miss the top over the weekend while my broker is closed.
The greatest force on earth is compound interest.
  • #203,768
  • Feb 27, 2010 12:17am Feb 27, 2010 12:17am
Why do you think there may be a down move of EURUSD?

The Euro should be rebounding now, after declining due to Greek concerns. I think it may move down just before the Greek bonds sale.

However, I think if the bond sales goes well, it will shoot up.
  • #203,769
  • Feb 27, 2010 12:25am Feb 27, 2010 12:25am
I have the same view about the rebound. I think we will see plenty more bad news for the euro though, good chance of more bad news from other vulnerable EU nations such as portugal,spain,ireland and perhaps even italy.

Anyway to say it simply I expect more quantitative easing because of these countries. And the fact that the UK will be having more quantitative easing is also an indicator for me that some other european nations will need it also.
The greatest force on earth is compound interest.
  • #203,770
  • Edited 5:26am Feb 27, 2010 1:22am | Edited 5:26am
[quote=malcolmb14;3504075]something is going on in eu

yes malcolmb, perhaps all the buyers were the profit takers buyer. Usually, these buyers are the short term buyers (get rich quick scheme people) IMO
  • #203,771
  • Feb 27, 2010 3:04am Feb 27, 2010 3:04am
USD Index – Expecting pullback while still maintaining bullish trend
  • #203,772
  • Feb 27, 2010 3:36am Feb 27, 2010 3:36am
who said good BYE yesterday!!! when all sell the EUR
Attached Image (click to enlarge)
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  • #203,773
  • Edited 5:22am Feb 27, 2010 4:52am | Edited 5:22am
Quoting TheLastCoke
Can any candlestick bear guru tell me what this means?
I am not a bear I am human.

In my opinion this is indecision in the market. After a large move down, the market is consolidating a bit. From the wave theory it should retrace. But as you all could see sometimes it does not. My interpretation is that it was prone to go up but due to negative news from EURO zone and fears concerning Greece it did not realize the retrace. It chopped.
If you're not part of the solution then you're part of the problem.
  • #203,774
  • Feb 27, 2010 7:30am Feb 27, 2010 7:30am
goodluck.....
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  • #203,775
  • Edited 8:53am Feb 27, 2010 8:10am | Edited 8:53am
Quoting malcolmb14
Attachment
I will not speak about volume, as you know more about that subject than me.

However I will say the following about the weekly EU.

1) We have a double bottom along with alot of past resistance turned support & the Fib retracement level 61.8 here. This does support a revesal of the PA.
2) Based on Fib levels & history the 1.41 level will be key on any continued up move.
3) If the 1.41 level is taken out, the next area of resistance should be the 1.45 level.

See the attached charts.
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Click to Enlarge Name: eu2.gif Size: 48 KB
Click to Enlarge Name: eu3.gif Size: 38 KB
I trade what I see on my charts. Do Not listen to the Muppets.
  • #203,776
  • Feb 27, 2010 8:18am Feb 27, 2010 8:18am
Happy weekend to all. Posted 2 times in the morning but hanged , FF most times does trouble weekend to me.

Though the elliot wave counts not so clear yet it seems there is a triangle formation for the whole v subwave of subwave of III of big 3 rather than big wave 3 ended somewhere in the trianle ( III green) and big 4 or X underway.
As expanding triangle itself a bearish pattern the first possibility is my choice so to break down the triangle to end III below previous all low , bext IV & V with or without V extension to have the end of big 3 & initiate big retracement 4 or X .whatever let it do & we to follow it.

Now TD counts , There already confirm sell signal in daily , it will be always now till change & sell from any top should be my choice of trading .
In H4 also buy countdown waiting for some time to finish the signal by last countdown 13 if can finish at or below 1.3449 close H4.It becomes very unusal recently as in doing so market to risk fall to the previous low or all low and last time it failed to do so too.By this time , there again started counts buysetup at the top areas where the price of next successfull candle ( next or so on ) fall not below 1.3550,if to follow h4 buy setup & close at or below 1.3580 to end 9 buy setup perfection .

So waiting price to fall below 1.3580 till 1.3550 & close inbeteen fisrt for next UP primarily & only after 13 countdown up & down around close level over to 1.3714-66 or any ,no comment about limit now.

anything can happen , just analysis before jumping loosing the money next trading week & only my idea.Wish good luck too for all.
fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #203,777
  • Feb 27, 2010 8:50am Feb 27, 2010 8:50am
Quoting nawafasad1
is that a buy or a sell for 35 pips
buy on black arrow
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #203,778
  • Feb 27, 2010 9:19am Feb 27, 2010 9:19am
[quote=forex888;3504278]
Quoting malcolmb14
something is going on in eu

yes malcolmb, perhaps all the buyers were the profit takers buyer. Usually, these buyers are the short term buyers (get rich quick scheme people) IMO
do not think so .... not on those volumes. This is classic accumulation , every dip being bought

remember 2008 bottom .... the banks in us were failing .. Great depression #2 was here .. and now look dj is not to far from 2007 highs
Blogging daily now at www.volume.zone
  • #203,779
  • Feb 27, 2010 11:21am Feb 27, 2010 11:21am
Quoting fontu
Happy weekend to all. Posted 2 times in the morning but hanged , FF most times does trouble weekend to me.

So waiting price to fall below 1.3580 till 1.3550 & close inbeteen fisrt for next UP primarily & only after 13 countdown up & down around close level over to 1.3714-66 or any ,no comment about limit now.

anything can happen , just analysis before jumping loosing the money next trading week & only my idea.Wish good luck too for all.
fontu
I totally agree with this analysis

I came up with the same analysis but with PA and vol
On H4...really high vol on some kind of upthrust (not a perfect one though) but it's closing far from it's high

Now i agree that price should go below 1.3580...1.3550 as perfect level to buy
Thus the vol from 1.3500 to 1.3600 wasn't there...and it was mixed from 1.3600 to 1.3680
we've seen a lot of buyers and sellers...a correction below 1.3580 without vol would be perfect and would show that sellers are no more in the place

My strategy would be to buy every dip below 1.3580

Good luck everyone for the next week
COT: The precious data ignored
  • #203,780
  • Feb 27, 2010 11:31am Feb 27, 2010 11:31am
newb question here

please explain H4?

Thanks
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