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  • #236,781
  • May 5, 2010 12:41pm May 5, 2010 12:41pm
Quoting SkyzerFX
It's all take care of, but this is not about trading.. Looks like they

want to take down whole Europe.. YEN very active, I don't like it..
once this wedge gets broken, uj will make for a very good sell......
Attached Image (click to enlarge)
Click to Enlarge Name: ujmay5.jpg Size: 143 KB
  • #236,782
  • May 5, 2010 12:42pm May 5, 2010 12:42pm
Quoting mfoste1
you know hes got buy orders all the way down to 1.24. The further this thing goes down, the more money he loses.( if he even has a real $ acct) Sometimes I like to think hes a misinfo spreader for a broker....
well, i dont know how he trade. but dont be surprised, someone who seems to lose actually makes money and vice versa.

money management and order management + hedging can get around this. cox tts somehow like how i would trade, i hedge alot, and eventually it can turn the tables around.
  • #236,783
  • May 5, 2010 12:43pm May 5, 2010 12:43pm
Quoting SkyzerFX
It's all take care of, but this is not about trading.. Looks like they

want to take down whole Europe.. YEN very active, I don't like it..
There you have it.. Yes.. this is purely speculation driven and the same speculation applied to the U.S. would produce the same results. There is an effort to do this to EU.

A couple years ago, it looked the the USD was first to be taken down.. then the Euro.. Looks like it will happen in reverse order.
  • #236,784
  • May 5, 2010 12:44pm May 5, 2010 12:44pm
Quoting SkyzerFX
It's all take care of, but this is not about trading.. Looks like they

want to take down whole Europe.. YEN very active, I don't like it..
yes i dont like yen also... its weird, but tentatively as of this moment this very second,
seems to me my trading plan is telling me to short yen pairs. but of cox i'll wait for it to head north b4 planting my orders.

hmm need confirmation from uj, tts e last defence line.
  • #236,785
  • May 5, 2010 12:45pm May 5, 2010 12:45pm
Quoting SkyzerFX
It's all take care of, but this is not about trading.. Looks like they

want to take down whole Europe.. YEN very active, I don't like it..
The rise of Asia?
Great Bodies are Engineered not Born
  • #236,786
  • May 5, 2010 12:46pm May 5, 2010 12:46pm
Quoting Clairvoyant
well, i dont know how he trade. but dont be surprised, someone who seems to lose actually makes money and vice versa.

money management and order management + hedging can get around this. cox tts somehow like how i would trade, i hedge alot, and eventually it can turn the tables around.
Personally I think hedging is stupid. It is like having no position at all, but you have to pay some pips for your hedge. So hedging costs money, why waste money?
  • #236,787
  • May 5, 2010 12:46pm May 5, 2010 12:46pm
skyzer ... super duper failed contrarian.
somebody pm me when he turns bearish. If he's bullish, don't worry keep shorting till another 2 volcanoes erupt
Thank You
  • #236,788
  • May 5, 2010 12:46pm May 5, 2010 12:46pm
[GREEK BANK UNION PLANS STRIKE] for 24-hours starting on Thursday after 3e bank employees died in a fire today, set by protestors.
  • #236,789
  • May 5, 2010 12:47pm May 5, 2010 12:47pm
m30 bull null & void but again to break support at 42 from m15 tf pa , already in sell setup perfection ,should not be any trouble for a bear agreement .another support M5 seeing at 28 .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #236,790
  • May 5, 2010 12:47pm May 5, 2010 12:47pm
Quoting Clairvoyant
well, i dont know how he trade. but dont be surprised, someone who seems to lose actually makes money and vice versa.

money management and order management + hedging can get around this. cox tts somehow like how i would trade, i hedge alot, and eventually it can turn the tables around.
if your avging down from 1.50 ur not making money, SIMPLE as that. Theres no trick or smokescreen here, its a fact. U buy, the price moves lower you lose. Cmon a 5th grader knows this. Theres no elaborate "hedging method" that is gonna get you out of avging down 2000 pips. Its common sense.
  • #236,791
  • May 5, 2010 12:47pm May 5, 2010 12:47pm
Quoting Clairvoyant
well, altho i just shorted at 1.2890 and juz closed for a profit, + leaving some open, i'm ain't convince it still gonna go down, i mean it has to retrace.

ideally, would like to short again but at a higher price, hopefully it starts going up.
I'm not convinced either.. but.. I do think the odds are for it.. at this particular moment..

I kicked back much of my profit today.. being greedy.. happens to me almost every time..
  • #236,792
  • May 5, 2010 12:48pm May 5, 2010 12:48pm
Peter, good as allways!
But we, US haters dont get it. They will stay on top for a long time ;-) this is what Romulus Augustus thought just befor Romans crash, and Napoleon, and Stalin, and motner the Quin, and Alexandar, and Moguls, and..., and..., and..., and so many other tyrants ;-)

sasa


Quoting SkyzerFX
Peter Schiff on Greece Portugal and US

http://video.yahoo.com/watch/7399332/19351081
  • #236,793
  • May 5, 2010 12:48pm May 5, 2010 12:48pm
Quoting RichLadyFX
The rise of Asia?
wahhh ... now hannah tan! I loike! wat happened to maria??
Thank You
  • #236,794
  • May 5, 2010 12:49pm May 5, 2010 12:49pm
Quoting RichLadyFX
The rise of Asia?
nah impossible, as in the near future. aint saying its not happening and even if it does, needs time. tons of changes to be done structurally.

a rise yes definitely but not to the top.
  • #236,795
  • May 5, 2010 12:50pm May 5, 2010 12:50pm
anyone know if i "buy" euro (big IF), will i get some money from the swap rate? cos my broker seem to suck swap rate alot.
loss 100k in Forex, up 1k, still have 99% to go!!
  • #236,796
  • May 5, 2010 12:53pm May 5, 2010 12:53pm
I believe we might not see a big bounce till we are atleast down to lower 1.26xx. The 261.8 fib number is now a possibility, till then be extremely wary on Longs. Even there I would not look for any Long trades, leave it to the big boys.


Oh by the way any big elliot wave traders around? This looks like the first bar of the third wave on the weekly chart. Havent studied elliot wave much, would like an opinion.
  • #236,797
  • May 5, 2010 12:54pm May 5, 2010 12:54pm
Quoting Clairvoyant
nah impossible, as in the near future. aint saying its not happening and even if it does, needs time. tons of changes to be done structurally.

a rise yes definitely but not to the top.
That's for sure.. China needs about 10 years minimum infrastructure work in order to get on a playing field. Was there not long ago.. Actually traveled away from big cities.. The roads are unreal.. I'm sure they will use more rail than the U.S. but that will take time to increase it's capacity.. We drove down a road for over a couple hours slowing down every 50 meters because the holes were so bad.. didn't get over 50 km/h

The logistics is a major problem in China. It is definately going in the right direction though. Unlike the U.S.
  • #236,798
  • May 5, 2010 12:57pm May 5, 2010 12:57pm
Quoting hyperion1980
Personally I think hedging is stupid. It is like having no position at all, but you have to pay some pips for your hedge. So hedging costs money, why waste money?
hedging is e king man, sorry my apologies but i really cant find a better approach to finetune my trading plan/s or technique/s once i realise how to properly hedge...

i would say its a combination of techniques/money management/orders management/hedging and waves. ehhh well i'm not talking fixed variables/rules techniques which can be proven statistically... its these floating variables that makes the trading non statistical/discretionally/subjective that comes along with enlightenment and experience.

no offense to any systematic trading, cox i do it as well, and i code my ea, however those are to control my margin/balance risks, the main profit/equity curve always comes from my non-systematic techniques.

its not bout entry,exit,stops BUT it allows you to PLANT your positions in the market to facilitate order management. well mainly i used it for order management purposes, of cox it dont really help in direct profits.

it covers the how, when to close, when to open, which order to close, which order to half size, which to open, etc...
  • #236,799
  • May 5, 2010 12:58pm May 5, 2010 12:58pm
Quoting mfoste1
if your avging down from 1.50 ur not making money, SIMPLE as that. Theres no trick or smokescreen here, its a fact. U buy, the price moves lower you lose. Cmon a 5th grader knows this. Theres no elaborate "hedging method" that is gonna get you out of avging down 2000 pips. Its common sense.


this is because you suppose you keep on buying and never sell at some retrace level from 1.5 downwards. or because you believe that you can t make money both ways. i was both short and long since december. sometimes in the same time... don t know what other people understand by hedging. but i believe even if the main trend is down you can still make money (and secure your margin levels) being long on shorter t f.
Andreyou
  • #236,800
  • May 5, 2010 12:59pm May 5, 2010 12:59pm
Quoting Clairvoyant
hedging is e king man, sorry my apologies but i really cant find a better approach to finetune my trading plan/s or technique/s once i realise how to properly hedge...

i would say its a combination of techniques/money management/orders management/hedging and waves. ehhh well i'm not talking fixed variables/rules techniques which can be proven statistically... its these floating variables that makes the trading non statistical/discretionally/subjective that comes along with enlightenment and experience.

no offense to any systematic trading,...

are you familiar with jackos anti-hedge method? its brilliant.....
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