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  • #231,301
  • Apr 26, 2010 4:53pm Apr 26, 2010 4:53pm
Quoting realjumper
The market has been 'odd' for quite some time Malcolm.....and it will continue to be so, until (at least) this Greek bullshit is put to bed, one way or the other. I don't know who's making money out of this 3 months plus fiasco, but someone must be!

In my view, there is no reason that the EU isn't in the 1.teens by now....yet here we are STILL in the 1.3xxx range. Who's holding this up....and why?
Goldman sachs ... they are the root of all evil .... lol

they are the ones holding it up
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  • #231,302
  • Apr 26, 2010 4:54pm Apr 26, 2010 4:54pm
Quoting cagriguler
wait and see my friend this Friday 1.3100..

Greece does not end with the relief crisis in Europe. Portugal are in order
or ' wot no rate hike ' on Wednesday and eu see 1.3680 at enbd of week and you left carrying a large dd .

No stops is just a dicey game to play but each to their own

I just know form my years in this game that it is not the stratergy that wins but the money management. Those with the best MM make money at the end of the year , those with a good stratergy and zero mm skills get wipied out on one trade.

Maybe some others can give some input into this

stops or no stops ...that is the question
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  • #231,303
  • Apr 26, 2010 4:59pm Apr 26, 2010 4:59pm
Quoting malcolmb14
No stops is just a dicey game to play
No stop loss? Unless u r hedging thats against every trading rule i know... I would never trade w/o a stop loss, and thats the first rule in every book i have read so far
  • #231,304
  • Apr 26, 2010 5:01pm Apr 26, 2010 5:01pm
Quoting malcolmb14
or ' wot no rate hike ' on Wednesday and eu see 1.3680 at enbd of week and you left carrying a large dd .

No stops is just a dicey game to play but each to their own

I just know form my years in this game that it is not the stratergy that wins but the money management. Those with the best MM make money at the end of the year , those with a good stratergy and zero mm skills get wipied out on one trade.

Maybe some others can give some input into this

stops or no stops ...that is the question

No stops, but smaller lots. I decided to start doing this when my SL would be pierced and then reversed later. I started looking at the bigger picture and looking for a target point. That way the damn thing can bounce around all it wants, and I can pick up a couple lots at better prices. I always have an idea in mind of when my trade just isn't going my way, but it gives my trade a chance in the long run without a SL in there.

On a side note, occasionally I'll see an opportunity to scalp 10-20 pips, and in this case I'll use a SL.
  • #231,305
  • Apr 26, 2010 5:04pm Apr 26, 2010 5:04pm
Quoting pqt
"ECB WEBER SAYS NO RISK OF EURO COLLAPSING DUE TO GREEK PROBLEMS"
There is your big fundie news: A blast of hot air conveniently timed to start a short squeeze...
i mean... what the fuk else is he going to say.

... holy shit... the euro's done... run for the hills.

m
  • #231,306
  • Apr 26, 2010 5:08pm Apr 26, 2010 5:08pm
Quoting acumen
i mean... what the fuk else is he going to say.

... holy shit... the euro's done... run for the hills.

m
Couldn't have phrased it better.

Although we still have quite some time left before we see 1.21 ^^
  • #231,307
  • Apr 26, 2010 5:09pm Apr 26, 2010 5:09pm
Quoting malcolmb14
Goldman sachs ... they are the root of all evil .... lol

they are the ones holding it up
* Clients concerned about Goldman's subprime trades
* Senator Levin says Goldman misled clients, country
* Goldman braces for Tuesday showdown with Senate panel
By Steve Eder and Dan Margolies
WASHINGTON, April 26 (Reuters) - Some clients of Goldman Sachs Group Inc complained the investment bank was putting its interests ahead of theirs, according to emails released by U.S. Senate investigators on Monday.
The concerns appear to undercut Goldman's insistence that it did not bet against clients to whom it sold mortgage-related products during the financial crisis.
"Real bad feeling across European sales about some of the trades we did with clients. The damage this has done to our franchise is very significant," one Goldman employee wrote in October 2007 to Daniel Sparks, a former head of the mortgages department at Goldman.
The emails were released ahead of a hearing Tuesday before the Senate's Permanent Subcommittee on Investigations into the role of investment banks in the financial crisis. The hearing is shaping up as a trial of Goldman's business practices.
Goldman Sachs Chief Executive Lloyd Blankfein, in written testimony for Tuesday, said his firm did not have a "massive short" against the housing market and "certainly did not bet against our clients."
"We have been a client-centered firm for 140 years and if our clients believe that we don't deserve their trust, we cannot survive," said Blankfein, who will appear with six other current and former Goldman executives.
Goldman which rebounded from the financial crisis to be the dominant firm on Wall Street, has faced increased scrutiny from regulators and Congress.
The U.S. Securities and Exchange filed a civil suit on April 16 charging Goldman with fraud for allegedly hiding vital information from investors about a subprime mortgage-linked investment product. Investor lawsuits have followed.
Blankfein, in his testimony, said the day of the SEC suit was "one of the worst days in my professional life."
Goldman has said it shorted, or bet against, mortgage-related securities, but the positions were not significant percentage of its overall portfolio.
But the investigations subcommittee said the firm's negative bets enabled it to make billions of dollars in profits, while clients on the opposite side of the trades lost billions.
Senator Carl Levin, the chairman of the subcommittee, blasted Goldman for "misleading" clients and the government.
Goldman "repeatedly put its own interests and profits ahead of the interests of its clients," Levin told reporters at a briefing. "For large fees, Goldman helped run the conveyor belt that dumped hundreds of billions of dollars of toxic mortgages into the financial system." (Reporting by Steve Eder and Dan Margolies; Editing by Tim Dobbyn)
They think they are smarter than I am.
  • #231,308
  • Apr 26, 2010 5:15pm Apr 26, 2010 5:15pm
Quoting acumen
i mean... what the fuk else is he going to say.

... holy shit... the euro's done... run for the hills.

m
It works for me!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #231,309
  • Apr 26, 2010 5:23pm Apr 26, 2010 5:23pm
Quoting malcolmb14
or ' wot no rate hike ' on Wednesday and eu see 1.3680 at enbd of week and you left carrying a large dd .

No stops is just a dicey game to play but each to their own

I just know form my years in this game that it is not the stratergy that wins but the money management. Those with the best MM make money at the end of the year , those with a good stratergy and zero mm skills get wipied out on one trade.

Maybe some others can give some input into this

stops or no stops ...that is the question
1.3680 LoL

your dream very good
  • #231,310
  • Apr 26, 2010 5:23pm Apr 26, 2010 5:23pm
I Think we might be done long for the day next move down to .3340 But don't bet on it.
Founder of Sutherland Wave Principle
  • #231,311
  • Apr 26, 2010 5:24pm Apr 26, 2010 5:24pm
you have to keep in mind the biggest players in this game are short.

they will let this little run go so far before they just hit the kill button.

you'll need a very, very big account to run their stops.

m
  • #231,312
  • Apr 26, 2010 5:32pm Apr 26, 2010 5:32pm
I use an hma to confirm trend setting 30 ... news who cares ....Greece who gives a damn ...

price below hma on 60 min sell rallies on 15 ...
price above ham on 60 min buy dips

pretty simple ...

even if price does drop off 1.3400 the fall may be 100 pip or more , instead of going for all 100 , wait for the hma to slope down , go red , look for a little spike on a 15 min and in you go on a sell for 60 pi of the 100 pip move ...

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  • #231,313
  • Apr 26, 2010 5:39pm Apr 26, 2010 5:39pm
Acoording to my analysis they market will play in big game tonight before london session....Short in big game @ 1.3400 TP @ 1.3350....

Quoting acumen
you have to keep in mind the biggest players in this game are short.

they will let this little run go so far before they just hit the kill button.

you'll need a very, very big account to run their stops.

m
  • #231,314
  • Apr 26, 2010 5:42pm Apr 26, 2010 5:42pm
Quoting cagriguler
1.3680 LoL

your dream very good





....Guess you must feel.
  • #231,315
  • Apr 26, 2010 5:46pm Apr 26, 2010 5:46pm
eur wont hit .3680 that price will hit in next month or so if euro bailout.

Quoting Warwick




  • #231,316
  • Apr 26, 2010 5:48pm Apr 26, 2010 5:48pm
Quoting cagriguler
1.3680 LoL

your dream very good

maybe i dream and maybe not ....

IF pros are bearish on this what do you think they will do ... one more push up to load sells at 1.3680 ? or sell here where there is not value . Whoe knows and who cares

1) rsx green
2) hma green
3) 2 x green candles 4 hour
4) price above yesterdays close ( green line)
5) low volume test on down move indicating no selling pressure

oh I know lets sell because 1 min says so lol

until this 4 hour picture changes I will play buy dips , 4 hour closeu nder 1.3380 I will reconsider

still think we see spike to 1.3445 before any drop ... but does not matter as my long is protected. i am playing between the murrey math line on the 4 hour , often price moves 2 then drops one octave

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till t
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  • #231,317
  • Apr 26, 2010 5:54pm Apr 26, 2010 5:54pm
Quoting malcolmb14
maybe i dream and maybe not ....

IF pros are bearish on this what do you think they will do ... one more push up to load sells at 1.3680 ? or sell here where there is not value . Whoe knows and who cares

1) rsx green
2) hma green
3) 2 x green candles 4 hour
4) price above yesterdays close ( green line)
5) low volume test on down move indicating no selling pressure

oh I know lets sell because 1 min says so lol

until this 4 hour picture changes I will play buy dips , 4 hour closeu nder 1.3380 I will reconsider

still think we...
your chart bearish divergence , last volume down ok.. and normally m15,m30 and h1 bearish divergence..http://www.forexfactory.com/showpost...stcount=231318 see ??

good luck.

Do not forget " Trend is your friend" ok.
  • #231,318
  • Apr 26, 2010 5:55pm Apr 26, 2010 5:55pm
The only thing that's "collapsing" right now is USDx.. Short more , cause

it's going to 80 and change first.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #231,319
  • Apr 26, 2010 5:58pm Apr 26, 2010 5:58pm
+19 on EURUSD long
In Charts We Trust!
  • #231,320
  • Apr 26, 2010 6:02pm Apr 26, 2010 6:02pm
Quoting cagriguler
your chart bearish divergence , last volume down ok.. and normally m15,m30 and h1 bearish divergence..http://www.forexfactory.com/showpost...stcount=231318 see ??

good luck.

Do not forget " Trend is your friend" ok.
I think you got divergences all messed up

here is why I took the trade on the long off 60 min and the result ... still enjoying

I trade 98% vsa and 1.5 % hma and .5% rsx ...pros do not give a shit about divergences

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