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  • #236,881
  • May 5, 2010 2:23pm May 5, 2010 2:23pm
lol well it looks like deep shit to me I have $11,546 dollars looking at me and my only option is to trade it out but I am not a position trader just a scalper and it takes a lot of time to scalp $11k plus..
dean




Quoting Clairvoyant
ok, then it's not tt bad then. i tot you were in deep shit or something. haha.

manually trade it out then

don't worry, cox eventually you have a plan that works for you in the long run.
n get a backup internet. well speaking bout tt, i think i shld consider one too...
  • #236,882
  • May 5, 2010 2:23pm May 5, 2010 2:23pm
I'm sure you guys have read but the riots in Greece caused 3 deaths today. I think they lite a bank on fire or something. I have been watching these riots on youtube and the news...it's getting bad for Greece man. I can't imagine many of these people going back to work and staying for any period of time...
  • #236,883
  • May 5, 2010 2:25pm May 5, 2010 2:25pm
This can't be a good sign..

edit: can't believe how i missed shorting that M5 bear wedge
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"The Side that Knows When to Fight and When Not to, Will Take the Victory"
  • #236,884
  • May 5, 2010 2:25pm May 5, 2010 2:25pm
With the EUR tanking against the USD, are investors shunning oil for the time being and going back to good old greenback?! Lately oil has dropped from $87 to now $79.55 in two days, do you think it can fall much more?
  • #236,885
  • May 5, 2010 2:25pm May 5, 2010 2:25pm
Any system is vulnerable at some time. Part of a system has to be a mechanism that changes the system somewhat to adapt to the market condition. Unfortunately no one, except those with inside info, know what price is going to do beforehand, so we got to react and try to anticipate. That is why it's called speculation.
  • #236,886
  • May 5, 2010 2:25pm May 5, 2010 2:25pm
Quoting Clairvoyant
ok, then it's not tt bad then. i tot you were in deep shit or something. haha.

manually trade it out then

don't worry, cox eventually you have a plan that works for you in the long run.
n get a backup internet. well speaking bout tt, i think i shld consider one too...

my backup is the broker itself, takes abit longer to place trades, but better then nothing
loss 100k in Forex, up 1k, still have 99% to go!!
  • #236,887
  • May 5, 2010 2:26pm May 5, 2010 2:26pm
Quoting uraceulose
I'm sure you guys have read but the riots in Greece caused 3 deaths today. I think they lite a bank on fire or something. I have been watching these riots on youtube and the news...it's getting bad for Greece man. I can't imagine many of these people going back to work and staying for any period of time...
they will go back to work eventually and will work for less money. Nobody will give them money for nothing and they need them to live, care about theirs families. It won't be that they will stop working
  • #236,888
  • May 5, 2010 2:26pm May 5, 2010 2:26pm
Quoting evilglory
i mean if i short 1 lot, will i get to take $100,000 usd back? cos using normal short eu is using margin to sell euro for usd, since i "sold the euro and "got"100k usd, i will need to buy euro with usd to close trade. but if euro is no longer valid, there is nothing to buy!! therefor i keep the usd!!

sound logical? but basically it will never happen unless something big happen
I wouldn't think this would happen. If countries drop euro for their own currency they are substituting one currency for another. The value of the euro isn't simply vanishing. I would think they would have an overlap of currencies for a certain amount of time for this reason. People can exchange their euros for new currency.
  • #236,889
  • May 5, 2010 2:26pm May 5, 2010 2:26pm
Quoting evilglory
but if euro is no longer valid, there is nothing to buy!! therefor i keep the usd!!
What you going to do, if USD no longer valid?.. Accept 100k bottles of Drinking water or 2k bottles of milk in exchange?

Lower it goes more ridiculous things you can hear about it, that means

even infants are shorting EU right now, while sucking breast milk.. *LOL*
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #236,890
  • May 5, 2010 2:28pm May 5, 2010 2:28pm
Quoting SkyzerFX
Right, and there is different type of approach, to that, either

buy weak or buy strenght (buy low or buy high).. I'm always buying weakness, other than

strenght, cause things do change..

Stuck with the Long low is the one thing and stuck with the short at 1 year low is the other.
Do not forget about Spain and the rest (Portugal, Ireland and Italy).
I trade what I see on my charts. Do Not listen to the Muppets.
  • #236,891
  • May 5, 2010 2:29pm May 5, 2010 2:29pm
anyone with who can go back to 2001 (monthly chart) .. starting at that peek... pull a tl to the next high 2008 ... tip of the day... see where we are??? well its just a tiny part of a bull wedge.. next slow down 1.1380/1420..best i can tell.. i dont have my normal charts... but thats 200 + more pips.. it should be more on eu.. then much more room above this.. (usd/chf atm 1173)

someone with better charts can give a better figure drawing a tl on the last 2 tops prier using same monthly chart. chf above this will be a nice base..
those who can, do. those who cant, talk about those who can
  • #236,892
  • May 5, 2010 2:29pm May 5, 2010 2:29pm
Has anyone noticed how on large moves price retraces about 15 pips then takes off again. I wonder if these brokers/banks do it knowing the most widely used trailing stop is 15 pips? The most popular retail trading platform, MetaTrader, has their lowest trailing pip option at 15. Hmmm.
  • #236,893
  • May 5, 2010 2:30pm May 5, 2010 2:30pm
Quoting AMuharram
This can't be a good sign..

edit: can't believe how i missed shorting that M5 bear wedge
Could you elaborate a bit, please? What do you mean 'can't be good'?

tnx
big numbers are our friends...
  • #236,894
  • May 5, 2010 2:30pm May 5, 2010 2:30pm
Quoting markonis
they will go back to work eventually and will work for less money. Nobody will give them money for nothing and they need them to live, care about theirs families. It won't be that they will stop working

Do you live there? I'm in US...is that the general feeling of the people in Greece?
  • #236,895
  • May 5, 2010 2:30pm May 5, 2010 2:30pm
Quoting dean walker
lol well it looks like deep shit to me I have $11,546 dollars looking at me and my only option is to trade it out but I am not a position trader just a scalper and it takes a lot of time to scalp $11k plus..
dean
hmm ok still gd luck.
haha
  • #236,896
  • May 5, 2010 2:31pm May 5, 2010 2:31pm
Quoting Awesome
I wouldn't think this would happen. If countries drop euro for their own currency they are substituting one currency for another. The value of the euro isn't simply vanishing. I would think they would have an overlap of currencies for a certain amount of time for this reason. People can exchange their euros for new currency.

oic, thats no fun. but sees the logic in what you says. it would be bad for those holding that currency. thanks for answering an un-logical question
loss 100k in Forex, up 1k, still have 99% to go!!
  • #236,897
  • May 5, 2010 2:31pm May 5, 2010 2:31pm
Thanks briefly looking at it ,it does have some very good features..
the one feature I don't have because I do not know if it can be coded in is to automatically throw in a hedge at the % level you put in.
A full perfect hedge so to put the trades on pause..
If I had that then his would not have been a problem..
dean





Quoting 2+2=4ex
Any system is vulnerable at some time. Part of a system has to be a mechanism that changes the system somewhat to adapt to the market condition. Unfortunately no one, except those with inside info, know what price is going to do beforehand, so we got to react and try to anticipate. That is why it's called speculation.
  • #236,898
  • May 5, 2010 2:31pm May 5, 2010 2:31pm
anyone here have a feeling that the ecb will intervene soon and push up the price back ... scared to short because i dont want to come back to an intervention
  • #236,899
  • May 5, 2010 2:32pm May 5, 2010 2:32pm
ok im off to bed people.

gd luck with trades.
  • #236,900
  • May 5, 2010 2:34pm May 5, 2010 2:34pm
stop hunters I'm sure, saw it yesterday a couple of times.
it you trade manual you should always have a trade manage EA on another chart ,same account programed with SL but hidden from these bookie/brokers..
dean



Quoting 2+2=4ex
Has anyone noticed how on large moves price retraces about 15 pips then takes off again. I wonder if these brokers/banks do it knowing the most widely used trailing stop is 15 pips? The most popular retail trading platform, MetaTrader, has their lowest trailing pip option at 15. Hmmm.
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