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  • #209,961
  • Mar 11, 2010 3:27pm Mar 11, 2010 3:27pm
Quoting malcolmb14
Just got text on Iphone form CNBC ...

s&p closed at highest level since october 1 , 2008. Recession is over ...

talk about market manipulation !!!!

did anyone stop to consdier that a bank went down 2 weeks ago that cost the FDIC 95 million ... 1/7th of the TARP that rescued America .....yet the FDIC is broke and about 6 months back they raised 45 million in 5 year advanced fees

And as for foreclosures I saw something about the least foreclosures in months this month , which is great considering Novemeber was the highest on record...
don't you mean billion instead of million?

You are spot on with this!
  • #209,962
  • Mar 11, 2010 3:29pm Mar 11, 2010 3:29pm
Great charts as always Coke. Tx.
g~~~

Quoting TheLastCoke
.........and majors at resistance #190
  • #209,963
  • Mar 11, 2010 3:29pm Mar 11, 2010 3:29pm
Quote
the fact it is not dropping or the fact that Greec supposedly had issues ?

we have had pretty major accumualation on 4 hour charts for 4 weeks now.

When or if this thing decided to pop it is going to be fast
Quote

Malcomb14, I want to ask you a question.

As you have mentioned that buyers are buying in 1.34-.1.36 range- How do you determine this buying is not the short covering and actual fresh buying/position building?

My point is we know big guys have shorted E/U at 1.48-1.50, so they were short in the market.

After 1500 pips move, they need to cover their shorts and this buying can be short covering as well?
  • #209,964
  • Mar 11, 2010 3:32pm Mar 11, 2010 3:32pm
Quoting Kramerica
don't you mean billion instead of million?

You are spot on with this!

Sorry TARP was 700 billion yes. YOu see even I forgot as it is not mentioned in the news any more.
Blogging daily now at www.volume.zone
  • #209,965
  • Mar 11, 2010 3:35pm Mar 11, 2010 3:35pm
So is NZD news coming up going to have any impact on E/U?
  • #209,966
  • Mar 11, 2010 3:36pm Mar 11, 2010 3:36pm
That is a good question

Well pros (being all big money players) are typically in the markets 90% of the time. So lets assume for now that the volumes I am seeing maybe transfer of sells to buys. Ie take profit bit by bit and change position for long run

We just have to wait for reaction .. it has not happened yet but the rounded bottom on daily is pretty bullish

Just do not be caught trying to sell into the move IF it starts to happen

Quoting kingfisher

Malcomb14, I want to ask you a question.

As you have mentioned that buyers are buying in 1.34-.1.36 range- How do you determine this buying is not the short covering and actual fresh buying/position building?

My point is we know big guys have shorted E/U at 1.48-1.50, so they were short in the market.

After 1500 pips move, they need to cover their shorts and this buying can be short covering as well?
Blogging daily now at www.volume.zone
  • #209,967
  • Mar 11, 2010 3:37pm Mar 11, 2010 3:37pm
Quoting malcolmb14
Sorry TARP was 700 billion yes. YOu see even I forgot as it is not mentioned in the news any more.
Malcomb,
Are you ready to get back in DXD ?

I got back in it yesterday, lost a little today, but it looked like the time was right.
  • #209,968
  • Mar 11, 2010 3:40pm Mar 11, 2010 3:40pm
I have nothing to add to the discussion right now...just wanted the thrill of posting on page 14000.
  • #209,969
  • Mar 11, 2010 3:42pm Mar 11, 2010 3:42pm
Quoting redroadking
Malcomb,
Are you ready to get back in DXD ?

I got back in it yesterday, lost a little today, but it looked like the time was right.

no not yet ...dxd could break support.

I have not seen a reson to go long yet. I did get in the other day but out for 50 cent loss x position size
Blogging daily now at www.volume.zone
  • #209,970
  • Mar 11, 2010 3:45pm Mar 11, 2010 3:45pm
Quote
That is a good question

Well pros (being all big money players) are typically in the markets 90% of the time. So lets assume for now that the volumes I am seeing maybe transfer of sells to buys. Ie take profit bit by bit and change position for long run

We just have to wait for reaction .. it has not happened yet but the rounded bottom on daily is pretty bullish

Just do not be caught trying to sell into the move IF it starts to happen

Thanks Malcomb 14...tricky market as usual.

Lot of pips to you.
  • #209,971
  • Mar 11, 2010 3:49pm Mar 11, 2010 3:49pm
Quoting malcolmb14
Just got text on Iphone form CNBC ...

s&p closed at highest level since october 1 , 2008. Recession is over ...

talk about market manipulation !!!!

did anyone stop to consdier that a bank went down 2 weeks ago that cost the FDIC 95 million ... 1/7th of the TARP that rescued America .....yet the FDIC is broke and about 6 months back they raised 45 million in 5 year advanced fees

And as for foreclosures I saw something about the least foreclosures in months this month , which is great considering Novemeber was the highest on record...
$95m is nothing in today's money, Malc, as you well know.

Also, a loan on a foreclosed property is not written down to zero, irrespective of the rules surrounding MTM accounting. There is the re-sale value of the property which, even with depressed property prices, will cushion any losses to the banks' income statements.

Is it market manipulation only when the market moves do not coincide with your perceptions of the fundies?
  • #209,972
  • Mar 11, 2010 3:52pm Mar 11, 2010 3:52pm
Quoting malcolmb14
no not yet ...dxd could break support.
My DX chart: http://www.forexfactory.com/showpost...&postcount=189
  • #209,973
  • Mar 11, 2010 3:59pm Mar 11, 2010 3:59pm
Price action is amazingly boring. Im long.
  • #209,974
  • Mar 11, 2010 4:00pm Mar 11, 2010 4:00pm
Quoting malcolmb14
no not yet ...dxd could break support.

I have not seen a reson to go long yet. I did get in the other day but out for 50 cent loss x position size
best buy is off a support
  • #209,975
  • Mar 11, 2010 4:05pm Mar 11, 2010 4:05pm
Good place to short, good R/R in my opinion

Risk 10 pips, reward at least 15 maybe 20 pips
  • #209,976
  • Mar 11, 2010 4:09pm Mar 11, 2010 4:09pm
and best sell is off a res . dow at a great res so sell . gold broken support 1126 next levels 1080-1060. silver moving down to 16.2 eur/usd made a corrective move to the upside to the last impulsemove in 3 waves of abc
  • #209,977
  • Mar 11, 2010 4:10pm Mar 11, 2010 4:10pm
The price is breaking up the triangle but at the moment is stopped in the control zone 1.3690

I think is probably breaking 1.3690 and go up strong.

http://img60.imageshack.us/img60/825/dibujoja.jpg
  • #209,978
  • Mar 11, 2010 4:10pm Mar 11, 2010 4:10pm
Price is compressing into a triangle.

Good short area IMO.

BR
Attached Image(s) (click to enlarge)
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  • #209,979
  • Mar 11, 2010 4:24pm Mar 11, 2010 4:24pm
Quoting woo
piphunter: my belief is that price going in unlogical way during news may be because of:

1stop hunting
2 intervention
3 assymetric information, where people digest(indecision) at you described, but alls also because people have different views on news impact, however, finally, equillibrium will be met with all the different views on price impact. Thats the process.
"price going unlogical way"... what? huh? I think you forget that the market is always right, your the 'illogical' one. The market wins and you win if you bet with the market. The market wins and you lose if you bet against the market. Either way, the market is always winning.

Asymmetric information is not indecision and different views. Asymmetric information is when a manager (or research hub) has awareness of an integral piece of information and suggests to their clients the opposite.

Stop hunting? More like the B/D adjusting their risk. The spot movements may not necessarily be indicative of a spot transaction. Can be options, forwards or futures off-setting. Don't expect to move markets with a <$1,000 account with 1:100 leverage.

Goes to show that 6 years of trading experience is no substitute for learning the core structure and mathematics of efficient markets. (ie. Graduate-Doctorate level Financial engineering)

Although you have 'decent' scalping results; I highly doubt your strategy is scalable.
  • #209,980
  • Mar 11, 2010 4:30pm Mar 11, 2010 4:30pm
hello Man , i think you are maybe forget the read that

i have write it yesterday for you ; enjoy

hello malcomb14, and i am sorry, i dont never to touch you with that just i am little nervous. i am swing trader and also daytrader. and i speak french and i dont attack you just i need to tell you is our method of VSA is so complicated here, you will be able to explain that for us with you analyst of it. you are waiting for 4100 on eur as you say but i dont see this 4100 on chart maybe i try to look the monthly chart, but this target is very very far to still waiting. and dont think i attack you or like that, you are a friend and i respect our analyst. thnx and sorry again canadian trader http://cdn.forexfactory.com/images/s...m/big_grin.gif

simao from Morocco
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