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  • #217,161
  • Mar 28, 2010 4:11pm Mar 28, 2010 4:11pm
Looking to short Monday afternoon until end of week. 3100 target! Have a good week people.
All that is left in FF is just plain garbage. "Cloggie"
  • #217,162
  • Edited 4:26pm Mar 28, 2010 4:14pm | Edited 4:26pm
Quoting dean walker
Good day everyone
May we have have a good and prosper week..
Dean


Welcome feedback on this article I have my own thoughts..
http://www.businessinsider.com/simil...e-poker-2010-3
"A lot of traders loose money in currency trading not because they make wrong bets but because they use too much leverage."


WHAT?

So i Guess as soon as they take away leverage!!! All trades will
be 100 % correct---lol

alll riigghhty then.



Read more: http://www.businessinsider.com/simil...#ixzz0jVZ7GDhx

  • #217,163
  • Mar 28, 2010 4:14pm Mar 28, 2010 4:14pm
good evening all,
seems like we are going to get an interesting week. I am slightly bullish if we stay above 3440 and will long if we get above 3563.I know its still 100pips away. Since its here 23.00 and I am just taking the jpy news at 00.50 I will most prob not trade just wanna see how asia sort of opens. Anyways I expect a retrace back to 3450-40 and 3414( which could be good entries for longs with tight sl), should € fall below 3414 I will turn bearish again. Furthermore the old channel from 3440-3700 could come back into consideration if we stay above 3414.
Hope we all have a very successful week
T.Cat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #217,164
  • Mar 28, 2010 4:15pm Mar 28, 2010 4:15pm
I believe it may be a safe trade to sell as the gap is closed 90% of the time based on past experiences!
  • #217,165
  • Mar 28, 2010 4:16pm Mar 28, 2010 4:16pm
http://www.telegraph.co.uk/finance/c...-the-wind.html
Prices oscillate, trends persist. Trend is your friend.
  • #217,166
  • Mar 28, 2010 4:19pm Mar 28, 2010 4:19pm
gaps don't close when there are a boatload of shorts who have been living off the fat of the land for months. or if they do then you get about 5 seconds or a near miss and off it goes.

the bull is back, greece is no longer a hype story, bring on the next hype.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #217,167
  • Mar 28, 2010 4:21pm Mar 28, 2010 4:21pm
Really happy #387 #412

Did anybody take this call?
  • #217,168
  • Mar 28, 2010 4:25pm Mar 28, 2010 4:25pm
at 1.3400 test ( last weeks close) I will be looking for something like this on 30 min to verify buyers in market if in fact this week ( or beginning of week ) is to be some form of up move.

The vertical purple line shows the high volume down followed by an up bar on high vol. This shows us buyers coming into the market.

Grey bar right under us on this 30 min is the s/r zone for this time frame. 1.3450 to 1.3430

Looking to see what a real volume session gives us not some low volume mark up in Asia when there is no volume in the market.

Attached Image (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 201 KB
Blogging daily now at www.volume.zone
  • #217,169
  • Mar 28, 2010 4:25pm Mar 28, 2010 4:25pm
Quoting TheLastCoke
Really happy #412

Did anybody take this call?

No, LC. I actually held a couple of shorts and got stopped out but I saw that chart when you posted it and just wanted to say nice call. that was a good tl you had there and i had already made 250 pips on the way down on a few other lots so i should have listened when u said go long this time.

thank you for that chart and congrats on an awesome trade man. You called that bottom almost to the pip
  • #217,170
  • Mar 28, 2010 4:27pm Mar 28, 2010 4:27pm
My order stayed live until markt opened so I got stopped out at 1.3478
wonder if they would have treated a TP the same way
cost a few extra pips.glad it was .1 lot. but I hate to give them anything. Another reason to close out on Thursday or Friday morn.

by the way Im short again,I ll get those back or Im a glutton for punishment.
( resisted the temptation to double up though so maybe Im learning a little )
  • #217,171
  • Mar 28, 2010 4:28pm Mar 28, 2010 4:28pm
I vote gap to close, just for fun.
Prices oscillate, trends persist. Trend is your friend.
  • #217,172
  • Mar 28, 2010 4:28pm Mar 28, 2010 4:28pm
Quoting jsspmk
http://www.telegraph.co.uk/finance/c...-the-wind.html

To be honest news os good to read , but i have learnt that ignoring news is better.

Lets say for arguments sake eu moves 500 pip up this week. Next week's Telegraph will spout some shit about how having IMF supporting club med is good and all eu countries behind and issues in eu are resolved for now. They rarely really know what they are writing about and it sounds great with a coffee on a Sunday morning.
Blogging daily now at www.volume.zone
  • #217,173
  • Mar 28, 2010 4:32pm Mar 28, 2010 4:32pm
Quoting jsspmk
I vote gap to close, just for fun.
there is no fun in trading just reality!
Trade on your own risk Plan your trade&trade your plan dont be a
  • #217,174
  • Mar 28, 2010 4:33pm Mar 28, 2010 4:33pm
Quoting malcolmb14
To be honest news os good to read , but i have learnt that ignoring news is better.

Lets say for arguments sake eu moves 500 pip up this week. Next week's Telegraph will spout some shit about how having IMF supporting club med is good and all eu countries behind and issues in eu are resolved for now. They rarely really know what they are writing about and it sounds great with a coffee on a Sunday morning.
Funny you said that. I remember reading somewhere that speculators sometimes do OPPOSITE what the news suggest, especially if what is in the news is explicit predictions of the market, such as 'Euro to go down', 'Euro trouble ahead', 'Is Euro on the verge of collapse', etc. These are not real headlines, but examples of headlines that make you think 'hmmm, if they already know what will happen, they must be extremely rich by now!'

Makes you think, doesn't it?
  • #217,175
  • Mar 28, 2010 4:35pm Mar 28, 2010 4:35pm
Thanks well I believe the point being made is the psychological make up of poker players or even gamblers fits the Forex traders very well. Now for sure there are exceptions . I would say any trader that uses recommended MM is not of this group per se.
However the Forex market is set up to be addicting for sure so if you have those tendency the brokers love you. You can bet 24/7 on Forex. Ths the reason I have said before lets get out profit now because this market will not last it's not like stocks by any means.

Ok back to trading
good luck
Dean



Quoting taomql4
"A lot of traders loose money in currency trading not because they make wrong bets but because they use too much leverage."


WHAT?

So i Guess as soon as they take away leverage!!! All trades will
be 100 % correct---lol

alll riigghhty then.



Read more: http://www.businessinsider.com/simil...#ixzz0jVZ7GDhx

  • #217,176
  • Mar 28, 2010 4:35pm Mar 28, 2010 4:35pm
anyone shorting it now?

Ub
  • #217,177
  • Mar 28, 2010 4:35pm Mar 28, 2010 4:35pm
Quoting investor_me
Funny you said that. I remember reading somewhere that speculators sometimes do OPPOSITE what the news suggest, especially if what is in the news is explicit predictions of the market, such as 'Euro to go down', 'Euro trouble ahead', 'Is Euro on the verge of collapse', etc. These are not real headlines, but examples of headlines that make you think 'hmmm, if they already know what will happen, they must be extremely rich by now!'

Makes you think, doesn't it?
how many headlines did you see OIL 200 at 148 ? It went all the way down.
Blogging daily now at www.volume.zone
  • #217,178
  • Mar 28, 2010 4:36pm Mar 28, 2010 4:36pm
[quote=gatorinla;3587222]collecting shorts at 3408 3447/48 3488.[/quote]
watch pa here..
those who can, do. those who cant, talk about those who can
  • #217,179
  • Mar 28, 2010 4:37pm Mar 28, 2010 4:37pm
I widened my SL for my shorts to above 1.3510. Hoping the gap would close as it usually does. Maybe it would take a while longer. I'm still thinking that the 1.3500 level is too strong for the Asian market. Let's see it go down tonight. If it breaches 1.3500 convincingly in the Asian session, I may reconsider.
  • #217,180
  • Mar 28, 2010 4:38pm Mar 28, 2010 4:38pm
Quoting malcolmb14
To be honest news os good to read , but i have learnt that ignoring news is better.

Lets say for arguments sake eu moves 500 pip up this week. Next week's Telegraph will spout some shit about how having IMF supporting club med is good and all eu countries behind and issues in eu are resolved for now. They rarely really know what they are writing about and it sounds great with a coffee on a Sunday morning.
To read or not to read is a personal thing, although I would rather look out for price reaction to key data events plus resolutions like last Friday than at price vs volume.

I ask if bull Euro is back, then why such a puny reaction? Surely we should be up in a big way. The problem may rest in fundamentals like suggested in that article, the problem is uncertainty about Euro's future existance. Technically it can also be argued that traders are not keen to close shorts or start squeezing shorts, hence no spike from the lows.
Prices oscillate, trends persist. Trend is your friend.
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