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  • #232,861
  • Apr 28, 2010 8:54am Apr 28, 2010 8:54am
Quoting SerpentDove
You can`t imagine the scope of graft and nepotism in this country. Our streets would literally be paved with gold were it not for government swindling (then again find a country nowadays that that can`t be said for). Greeks work more hours on average per capita than any other country in the EU for the lowest wages and pay the highest retail prices thanks to a slew of import monopolies... Believe me, if the average working Greek is ready to explode, it`s not from being spoiled. The public servant has become a class unto himself overpaid and cannot...
Haven't seen you here in a while. Also didn't know you were from Greece. Thanks for giving us another picture of the issue!
All that is left in FF is just plain garbage. "Cloggie"
  • #232,862
  • Apr 28, 2010 8:55am Apr 28, 2010 8:55am
Serpent Dove, are you Greek by birth or an immigrant? You write in English like an English person, so was just wondering.

Some interesting points in there too.
  • #232,863
  • Apr 28, 2010 8:57am Apr 28, 2010 8:57am
Quoting acumen
driver is a great trader but that's a silly call.

even if he's correct and makes money it's still not a safe play.

m

that's why i was kinda super surprised.... maybe he has yet to take his coffee.... or.... he is preparing to buy lotsa lots to change the market
  • #232,864
  • Apr 28, 2010 8:58am Apr 28, 2010 8:58am
Oh man now I am confused...

Quoting tonyo524
Having two opposite trades opened on the same currency at the same time, using the same margin.
Well this is just closing the position, isn't it. Except that you might not be able to use the margin, so worse than closing it.

Quoting acumen
some buy/sell this pair at the same time.

some sell/sell highly correlated pair like this pair and the u/c.

m
What..?? So go something like...

Long $10 of EUR/USD
Long $10 of USD/CHF

because that is LONG EUR/CHF, not hedged.
  • #232,865
  • Apr 28, 2010 8:58am Apr 28, 2010 8:58am
Quoting acumen
driver is a great trader but that's a silly call.

even if he's correct and makes money it's still not a safe play.

m
Generally I wouldn't touch this trade with a 10 foot pole, esp on FOMC day, but looking at the time of day, and the time of the FOMC announcement, and i'm not feeling so bad. for some wierd reason 3500 keeps standing out to me. I hope not, cause I have more pending shorts at 3310, 3370, and 3440.
All that is left in FF is just plain garbage. "Cloggie"
  • #232,866
  • Apr 28, 2010 9:00am Apr 28, 2010 9:00am
Very Shallow market right now.
  • #232,867
  • Apr 28, 2010 9:00am Apr 28, 2010 9:00am
Quoting acumen
and i'm expecting to nail Megan Fox in the near future.

You lucky F***er!!!!!!!
  • #232,868
  • Apr 28, 2010 9:00am Apr 28, 2010 9:00am
Quoting SerpentDove
You can`t imagine the scope of graft and nepotism in this country. Our streets would literally be paved with gold were it not for government swindling (then again find a country nowadays that that can`t be said for). Greeks work more hours on average per capita than any other country in the EU for the lowest wages and pay the highest retail prices thanks to a slew of import monopolies... Believe me, if the average working Greek is ready to explode, it`s not from being spoiled. The public servant has become a class unto himself overpaid and cannot...
That was informative.. Thank you.. The good thing about this forum is that we should be getting first hand information of the situation on the ground all over the world.
  • #232,869
  • Apr 28, 2010 9:01am Apr 28, 2010 9:01am
Quoting Jonty
Oh man now I am confused...



Well this is just closing the position, isn't it. Except that you might not be able to use the margin, so worse than closing it.



What..?? So go something like...

Long $10 of EUR/USD
Long $10 of USD/CHF

because that is LONG EUR/CHF, not hedged.
If you are using a U.s broker, yes the position will be closed. My broker allows hedging, thus having 2 open positions opposite each other.
All that is left in FF is just plain garbage. "Cloggie"
  • #232,870
  • Apr 28, 2010 9:02am Apr 28, 2010 9:02am
Quoting Jonty
Oh man now I am confused...



Well this is just closing the position, isn't it. Except that you might not be able to use the margin, so worse than closing it.



What..?? So go something like...

Long $10 of EUR/USD
Long $10 of USD/CHF

because that is LONG EUR/CHF, not hedged.
The opposite of a buy position is to sell. If you "hedge" in the same vehicle you might as well just close out and use the margin elsewhere or not at all.
  • #232,871
  • Apr 28, 2010 9:02am Apr 28, 2010 9:02am
as soon as I get all my positions closed at FXCM I will close the account they have fu#*cked me over to much. Their rates are sloppy slow and incorrect the orders are getting filled with to much slip. I took them as I needed another account for smaller positions but this is just ridiculous. Bucket Shop.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #232,872
  • Apr 28, 2010 9:02am Apr 28, 2010 9:02am
Stopped on my attempt to go long for -20
COT: The precious data ignored
  • #232,873
  • Apr 28, 2010 9:02am Apr 28, 2010 9:02am
Quoting Blacknightz
that's why i was kinda super surprised.... maybe he has yet to take his coffee.... or.... he is preparing to buy lotsa lots to change the market
FOMC days usually aren't very kind the dollar.

I'm guessing he's also anticipating a bottom here... and

He's using proper MM to be sure.

m
  • #232,874
  • Apr 28, 2010 9:03am Apr 28, 2010 9:03am
GREECE: Greek spreads are extending tightening despite no further
details on Greek aid plan. Traders say the earlier press conference by
EU/IMF/German FinMin has dampened some immediate fears of restructuring,
noting IMF chief Strauss-Kahn comments that the "conditions of greek aid
depend on talks". Greece 10-year spreads is now at +695bps vs +841bps
EMU record high earlier.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #232,875
  • Apr 28, 2010 9:03am Apr 28, 2010 9:03am
Quoting jsspmk
DX testing 82.15 from aboveo
82.15 provided support. FOMC will set direction.
Prices oscillate, trends persist. Trend is your friend.
  • #232,876
  • Apr 28, 2010 9:03am Apr 28, 2010 9:03am
Quoting fontu
expecting some retracement again from 1.3203 support line to the top again.hammer in H1 may not hold down now .
fontu
No ,hammer was perfect & continue down .will take care at 1.3172 & 55 levels for any bounce.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #232,877
  • Apr 28, 2010 9:04am Apr 28, 2010 9:04am
Quoting ak4x
Weeell... since you asked, and since I'm a pivot trader, I wouldn't short it from here just yet (see chart)

1hr chart
Attachment
It not only busted the DP, it actually turned on my chart at xx65, 5 pips shy of the 3270 QP...

Honestly, in this environment, I'd never have expected it to bust the DP so hard and then retrace justas hard, but the nature of that short lived move above the DP makes me wonder if it was just overshoot from SL's getting hit above the DP ((which is also the xx50 psych )) and then floating up on that Mom, while triggering sell limits at the same time....

There's always something to ponder in this game...

Attached Image
FUBAR...
  • #232,878
  • Apr 28, 2010 9:04am Apr 28, 2010 9:04am
Quoting tonyo524
If you are using a U.s broker, yes the position will be closed. My broker allows hedging, thus having 2 open positions opposite each other.
This came up yesterday - mate, it's just the same as closing the original position!
  • #232,879
  • Apr 28, 2010 9:05am Apr 28, 2010 9:05am
Quoting Ted1983
The opposite of a buy position is to sell. If you "hedge" in the same vehicle you might as well just close out and use the margin elsewhere or not at all.
Yup, thats what I'm talking about.
  • #232,880
  • Apr 28, 2010 9:05am Apr 28, 2010 9:05am
i think long is ok now, with 50 pip stop
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