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  • #232,881
  • Apr 28, 2010 9:06am Apr 28, 2010 9:06am
Quoting Ted1983
Serpent Dove, are you Greek by birth or an immigrant? You write English like a English person, so was just wondering.

Some interesting points in there too.
Born in Greece, lived 28 years in Toronto, 3 years in Montreal, and the last 5 in some nice secluded mountains in central Greece near freshwater rivers and lakes
  • #232,882
  • Apr 28, 2010 9:06am Apr 28, 2010 9:06am
Quoting ak4x
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 SL's getting hit above the DP which is also the xx50 psych level floating up on that mom, while triggering sell limits at the same time....

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

Attachment
You got that right on the spot!
Trade on your own risk Plan your trade&trade your plan dont be a
  • #232,883
  • Apr 28, 2010 9:07am Apr 28, 2010 9:07am
Quoting acumen
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
I was thinking about this.. In this particular meeting, i'm having a hard time finding a scenario that is dollar negative.. Of course, i'm not married to this idea, but I just think most all the bad news is out and everything else is candy coated as a jobless recovery.. Could be a big dollar day.. was gonna short again at 3260 but thought it was going to 328ish so I missed another..
  • #232,884
  • Apr 28, 2010 9:09am Apr 28, 2010 9:09am
Quoting Trading Cat
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.

Alpari had BIG TIME connection issues today, mostly during this mornings volatility; how nice

I'm using them only for MT4, so being a demo account that could perhaps explain why

Nonetheless, don't need that BS
  • #232,885
  • Apr 28, 2010 9:10am Apr 28, 2010 9:10am
Quoting SerpentDove
Born in Greece, lived 28 years in Toronto, 3 years in Montreal, and the last 5 in some nice secluded mountains in central Greece near freshwater rivers and lakes
that is something i'd love.

i bet it was magical.

Greece is on my visitation Calendar.

m
  • #232,886
  • Apr 28, 2010 9:10am Apr 28, 2010 9:10am
No no longs yet, too much selling pressure downside.
No real bulls around.
They think they are smarter than I am.
  • #232,887
  • Apr 28, 2010 9:12am Apr 28, 2010 9:12am
Quoting kuroro001
Stopped on my attempt to go long for -20

This is the area my man! Price bouncing around 100 and 200 ma on 5M. If breaks through short all the way. Now waiting to see if it retest. this could give you the support you need to go long

  • #232,888
  • Apr 28, 2010 9:12am Apr 28, 2010 9:12am
Quoting ozobU
Alpari had BIG TIME connection issues today, mostly during this mornings volatility; how nice

I'm using them only for MT4, so being a demo account that could perhaps explain why

Nonetheless, don't need that BS
yep man my ecn gives me a very good service just cost a bit more to trade with when using small positions.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #232,889
  • Apr 28, 2010 9:13am Apr 28, 2010 9:13am
Quoting Jonty
Yup, thats what I'm talking about.
U.S brokers don't allow hedging. UK brokers do. Why hedge? in a ranging market, you can buy and sell at the middle bollinger band and make money on both trades. Hedging is an art in itself, and there are a few good ways to use them. (particularly to stop the bleeding of a wrong trade). I won't get into all of the nuances right now, that is for baby pips, but bottom line, if you have a U.S broker, then we need not have this conversation.
All that is left in FF is just plain garbage. "Cloggie"
  • #232,890
  • Apr 28, 2010 9:16am Apr 28, 2010 9:16am
Quoting tonyo524
U.S brokers don't allow hedging. UK brokers do. Why hedge? in a ranging market, you can buy and sell at the middle bollinger band and make money on both trades. Hedging is an art in itself, and there are a few good ways to use them. (particularly to stop the bleeding of a wrong trade). I won't get into all of the nuances right now, that is for baby pips, but bottom line, if you have a U.S broker, then we need not have this conversation.
Can you give me an example?
  • #232,891
  • Apr 28, 2010 9:16am Apr 28, 2010 9:16am
Quoting acumen
that is something i'd love.

i bet it was magical.

Greece is on my visitation Calendar.

m

The islands in the Aegean are something to see.
  • #232,892
  • Apr 28, 2010 9:17am Apr 28, 2010 9:17am
Long at 1.3189.....seeing buying power, really careful work now
They think they are smarter than I am.
  • #232,893
  • Apr 28, 2010 9:17am Apr 28, 2010 9:17am
Quoting ak4x
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...
You may be rgiht. Now as a pivot trader we should be going to s1 @3064. Do you see it happening?? I see much more possible a retest at PP than such a fall.
I'm still waiting to see ho.w price behaves around this area (now retesting 100&200ma on 5M)
  • #232,894
  • Apr 28, 2010 9:18am Apr 28, 2010 9:18am
Quoting Clouds
i think long is ok now, with 50 pip stop
H4 wanted that long but there also a hammer in development & tl also when daily not support this action. in smaller tf set up developing were all cancelled their motives already. anyway there should some bull as daily close still far away & also fomc.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #232,895
  • Apr 28, 2010 9:19am Apr 28, 2010 9:19am
Quoting Jonty
Can you give me an example?
Long at current price, against trend. Market continues down 30 pips. short. Now I'm hedged with a 30 pip negative. market continues down ie with trend. I take another short after support is broken. I make 30 pips, I'm break even. 2 down, 1 up in hedge.
All that is left in FF is just plain garbage. "Cloggie"
  • #232,896
  • Apr 28, 2010 9:19am Apr 28, 2010 9:19am
GREECE/OPINION: One currency stratgist says "The European crisis around
Greece is... spreading faster than a firestorm, and the time for
firewalling contagion has passed. With Greek markets becoming
un-tradable, anybody in the market with exposure is looking for proxy
hedges." Currency strategists at UBS wrote earlier "The EUR-USD basis
swap market has also moved sharply into discount, close to 10bp since
Greece activated the aid mechanism. This basically means that funding is
stressed and the market wants dollars. This is less of an interbank
issue, but another sign that liquidity is becoming a problem." The
strategists remind that during the liquidity crisis of 2008, central
banks globally had to offer liquidity, with the Fed leading direct
injections and establishing swap lines with other central banks to
ensure minimal disruption. They says "If the European banking system is
at risk, then the ECB will have to act accordingly and offer liquidity
to banks, while requiring banks to come clean about their exposure."

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #232,897
  • Apr 28, 2010 9:20am Apr 28, 2010 9:20am
Quoting maurofx

This is the area my man! Price bouncing around 100 and 200 ma on 5M. If breaks through short all the way. Now waiting to see if it retest. this could give you the support you need to go long

Yes i'll wait for another opportunity ....either up or down but i'm looking for a long right now
COT: The precious data ignored
  • #232,898
  • Apr 28, 2010 9:21am Apr 28, 2010 9:21am
get readyz for explosionz...
  • #232,899
  • Apr 28, 2010 9:22am Apr 28, 2010 9:22am
should 79 break I go short
Trade on your own risk Plan your trade&trade your plan dont be a
  • #232,900
  • Apr 28, 2010 9:23am Apr 28, 2010 9:23am
Quoting Trading Cat
yep man my ecn gives me a very good service just cost a bit more to trade with when using small positions.
Been thinking about my post prior to this

I guess during high volatility (high volume as well) these brokers only have so much band width, so if your going to squick somebody, the logical choice would be the demo account

Anybody have thoughts or experience with this??

Please chime in

(I use the monkey for FX because I trade options as well)
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