I'm hearing from my broker that there are very large sell orders lying beneath 1.34
your broker eh mines suggested to long at start of December
- #228,441
- Apr 20, 2010 7:52pm Apr 20, 2010 7:52pm
- Joined Mar 2009 | Status: Trader | 6,418 Posts
your broker eh mines suggested to long at start of December
- #228,442
- Apr 20, 2010 7:53pm Apr 20, 2010 7:53pm
- Joined Mar 2009 | Status: Trader | 6,418 Posts
Going for the cost of flat screen tv.
- #228,443
- Apr 20, 2010 7:57pm Apr 20, 2010 7:57pm
Refer to earlier... still targeting 1.3328 although that now seems unlikely, boat is becoming too crowded.
Im beginning to wonder if more stops are now clustered to the upside.
So much smiley faces, everyone must be short and in the green....
http://theworldofhowey.files.wordpre...n-posters1.jpg
Im beginning to wonder if more stops are now clustered to the upside.
So much smiley faces, everyone must be short and in the green....
http://theworldofhowey.files.wordpre...n-posters1.jpg
- #228,444
- Apr 20, 2010 7:58pm Apr 20, 2010 7:58pm
If you are scalping like i am yes, but assuming you are anywhere "decent" on working with 1-5 minute timeframes you probably wont be posting here anyway since youre dealing with decisions that need to be made within seconds.
I was refering to those assholes who come in here and boast ridiculous "BUY LULZ" or "SELL LULZ" arguments with numbers like "ITZ GOING OVER 9000"
What some of you might not realize is that forexfactory is one of the major boards where newbies go to learn the arts of Forex trading, and reading some of the posts in...
- #228,445
- Apr 20, 2010 7:58pm Apr 20, 2010 7:58pm
- | Joined Feb 2010 | Status: It pays to be conservative | 1,001 Posts
Prices oscillate, trends persist. Trend is your friend.
- #228,449
- Apr 20, 2010 8:00pm Apr 20, 2010 8:00pm
- Joined Sep 2006 | Status: Chasing Trends | 2,339 Posts
mines suggested to long at start of December
The heck...
hey pippy,
Everyone knows many stops are usually palced below round numbers...if prices break 400, it will most likely trigger stops and send the market another 20pips down, this is common knowledge, some traders even use this and called it a 'stop hunting' technique.
thing is, how huge and how deep does these orders go...what about orders waiting to mark the market up...etc etc.... ok i should just shut up.
- #228,452
- Apr 20, 2010 8:15pm Apr 20, 2010 8:15pm
- Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts
Well, for anyone wishing to learn about using stops rather than limits you'd need to learn about mimicking bank and/or financial institution orders (being on their side). I love hearing rumors about big orders because they can sometimes play out nearly instantaneously if they are true.
Setup a stop order at 1.339 in a demo account and check it out
At the very least we've proved that there are big buy orders at 1.34 and when they capitulate and meet the fresh sell orders there could be a quick stop run in the works.
- #228,454
- Apr 20, 2010 8:21pm Apr 20, 2010 8:21pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #228,455
- Apr 20, 2010 8:25pm Apr 20, 2010 8:25pm
- | Joined Feb 2010 | Status: It pays to be conservative | 1,001 Posts
Prices oscillate, trends persist. Trend is your friend.
- #228,458
- Apr 20, 2010 8:50pm Apr 20, 2010 8:50pm
- Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts
This is looking like a perfect short @ the dp...
