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EURUSD

  • #238,181
  • May 6, 2010 6:18pm May 6, 2010 6:18pm
Quoting X.Oden
I think you are right....I have too. Usually if its a false value due to mass panic like today, price retraces back to the intrinsic value of the currency...

So those that missed out, will have a second opportunity...
Do I get this right, Sir? You mean, for example, Geppy will run all the way up to 1.42 again, only to fall down ? Just like it was with E/U in 2008, for example?

Thx ...
  • #238,182
  • May 6, 2010 6:23pm May 6, 2010 6:23pm
Quoting TradeToWin
Hello everyone,
I lost 200 pips in a matter of 10 minutes after I entered the market at 14:30. I hope I can get it back from my Broker.
Do you guys suggest a way to ask the Broker to reverse the trade or maybe NFA will act or we have to force it to do.
Thanks
and what did you enter ??? long GBPJPY ??? EURJPY ??? don't you know these crosses can do that to you ? GBPUSD is also known for such moves ...
  • #238,183
  • May 6, 2010 6:27pm May 6, 2010 6:27pm
Quoting uraceulose
Sky,

The dow is not going to rally today my friend

posted 8 1/2 hrs ago. I really didn't know it would fall that freaking hard LOL
  • #238,184
  • May 6, 2010 6:29pm May 6, 2010 6:29pm
Too funny to comment.

Quoting SkyzerFX
Forex still just a Casino.. Trend my A$$...

I place 2 low buy orders on Cable while drink some wine (Yeah Greek, Italian, French, Australian wine) ,

both get hit and it happens to be

just before election pool results.. Comeback and take profits..

I mean what charts? what indies and what f* trend you are talking about

here?...
Prices oscillate, trends persist. Trend is your friend.
  • #238,185
  • May 6, 2010 6:30pm May 6, 2010 6:30pm
Quoting TradeToWin
Hello everyone,
I lost 200 pips in a matter of 10 minutes after I entered the market at 14:30. I hope I can get it back from my Broker.
Do you guys suggest a way to ask the Broker to reverse the trade or maybe NFA will act or we have to force it to do.
Thanks
Oh 200 pips...thought you said $200. Hmm, that wouldn't have been possible on the EUR/USD...the big drop was only 125 pips or so. Yeah talk to your broker, (if indeed you were trading this pair...maybe you were trading the EUR/JPY).
  • #238,186
  • May 6, 2010 6:34pm May 6, 2010 6:34pm
Anybody else lose the feed from ODL? I am connected but there is no new data.
  • #238,187
  • May 6, 2010 6:35pm May 6, 2010 6:35pm
For the people out there hoping for a retrace, all I can say is good luck. From a chartist point of view, the trend is going down. There is no reason to initiate a long... even if it was caused by a fat finger. It is a rumour. You can't confirm it. Millions of others who have not heard that rumour is still going to look at the charts and say "hot damn, EU just dropped 200 pips"

I would rather wait for it to go up and then short.

Today is friday. A lot of big guns are closing out positions, I expect to see some upward movement today. But that doesn't mean it is time to buy.

Someone posted a while back - sell tops until it doesn't work. That is good advice.
  • #238,188
  • May 6, 2010 6:36pm May 6, 2010 6:36pm
Quoting jsspmk
Too funny to comment.
Of course bro, with 300-500 pips SL, you'll win 98% of the time..

Relax.. Buy Silver instead f* USDJPY..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #238,189
  • May 6, 2010 6:39pm May 6, 2010 6:39pm
Right now nothing else than little bit scalping on eur/usd and eur/jpy.....shorting both.

Boooooooring.
They think they are smarter than I am.
  • #238,190
  • May 6, 2010 6:42pm May 6, 2010 6:42pm
Well hello there, just when i said booring.
They think they are smarter than I am.
  • #238,191
  • May 6, 2010 6:46pm May 6, 2010 6:46pm
Maybe its a positive reaction with the UK election
  • #238,192
  • May 6, 2010 6:48pm May 6, 2010 6:48pm
Quoting TradeToWin
Hello everyone,
I lost 200 pips in a matter of 10 minutes after I entered the market at 14:30. I hope I can get it back from my Broker.
Do you guys suggest a way to ask the Broker to reverse the trade or maybe NFA will act or we have to force it to do.
Thanks
Maybe you're in luck.

Statement from SEC and CFTC

FOR IMMEDIATE RELEASE
2010-72

Washington, D.C., May 6, 2010 — The Securities and Exchange Commission and the Commodity Futures Trading Commission today released the following statement:
“The SEC and CFTC are working closely with the other financial regulators, as well as the exchanges, to review the unusual trading activity that took place briefly this afternoon. We are also working with the exchanges to take appropriate steps to protect investors pursuant to market rules.
“We will make public the findings of our review along with recommendations for appropriate action.”
# # #

http://www.sec.gov/news/press/2010/2010-72.htm
  • #238,193
  • May 6, 2010 6:50pm May 6, 2010 6:50pm
Quoting ghogue
Maybe its a positive reaction with the UK election
Probably a bottom side retest of the TL from MN chart that was broke today. It's in 1.2700 area.
big numbers are our friends...
  • #238,194
  • May 6, 2010 6:59pm May 6, 2010 6:59pm
Quoting SkyzerFX
Of course bro, with 300-500 pips SL, you'll win 98% of the time..

Relax.. Buy Silver instead f* USDJPY..
It's not about amount of pips used as SL, but % of capital at risk when placing a SL order at correct level outside noise. Secondly, have a look at what happened to Euro since 1.51, that's a trend, a very powerful trend, so why bash it, trade it instead. I don't know what went on with Japan today, but look what's Yen doing now. It was a wild day & I am sure that so many accounts were wiped out today & main reasons were:

against the main trend
overleveraged
couldn't close out for various reasons
Prices oscillate, trends persist. Trend is your friend.
  • #238,195
  • May 6, 2010 7:04pm May 6, 2010 7:04pm
overleveraged is the word here my frend.


Quoting jsspmk
It's not about amount of pips used as SL, but % of capital at risk when placing a SL order at correct level outside noise. Secondly, have a look at what happened to Euro since 1.51, that's a trend, a very powerful trend, so why bash it, trade it instead. I don't know what went on with Japan today, but look what's Yen doing now. It was a wild day & I am sure that so many accounts were wiped out today & main reasons were:

against the main trend
overleveraged
couldn't close out for various reasons
Its all in the mind.
  • #238,196
  • May 6, 2010 7:06pm May 6, 2010 7:06pm
Quoting Z3iz3i
Well hello there, just when i said booring.
I'll have to leave you guys, have some unfinished business with

Cabernet sauvignon and cheese..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #238,197
  • May 6, 2010 7:06pm May 6, 2010 7:06pm
Quoting 5abi
overleveraged is the word here my frend.
Or, in the end: under-money-managed.
big numbers are our friends...
  • #238,198
  • May 6, 2010 7:11pm May 6, 2010 7:11pm
Quoting uraceulose
posted 8 1/2 hrs ago. I really didn't know it would fall that freaking hard LOL
I was in the middle of taking a final today when this happened.....my professor came up to me when i was in the middle of taking it and said dow is down 8%, since he knew i traded and said you might wanna go attend ur account real quick....so i did and he extended my time on the final lol....i had limits set though bagged 209 pips during the test.
  • #238,199
  • May 6, 2010 7:12pm May 6, 2010 7:12pm
Ah Asia...I love thee
  • #238,200
  • May 6, 2010 7:12pm May 6, 2010 7:12pm
Quoting TradeWell
Anybody else lose the feed from ODL? I am connected but there is no new data.
Feed now revived.
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