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  • #239,161
  • May 9, 2010 6:42pm May 9, 2010 6:42pm
Quoting knuckledrag
OK: Hay that hurts
it just pisses me off bc every time i come in here, there are more and more idiots....this thread used to be good when i first came around here and I learned a TON of stuff from the smart guys and really improved my abilities ..... now its just like 9 out of 10 posts are just complete bs. If this keeps on like this i might leave.
  • #239,162
  • May 9, 2010 6:44pm May 9, 2010 6:44pm
Quoting goods
Please dont judge my trading habits. It was a question. I dont usually go to different brokers. I have a reason for why I am with 2 different ones. Thanks for your attempt though. We all learn to trade through our experiences. So if you want to talk about how I trade, throw some of your pointers instead of having a negative tone about my trading. I have specific way's I trade. You do not know my trades, why I trade them and how i trade them so your understanding of me only understands what you see not what you don't know about me.
sorry ..

the issue with large spreads and slippage at time before the market opens is all to do with liquidity in the markets. It is thin and this causes some crazy moves and very choppy pa .

sometime the depth can dry up on the bid or ask and this is why the spread suddenly fluctuate

One way for us a average joe traders to try and avoid this is trade within normal market hours.

I did not mean your trading habits were bad ... that should have been a more global we . I love the volatility today but have sat on hands till I can see where this is going .... and I have also been watching my spreads and pa on the charts fluctuate alot over the last 60 min .
Blogging daily now at www.volume.zone
  • #239,163
  • May 9, 2010 6:46pm May 9, 2010 6:46pm
Quoting Lejumeau
Take a sell on eurjpy
close for 65pips
back on long side
  • #239,164
  • May 9, 2010 6:46pm May 9, 2010 6:46pm
Quoting fxswing
I'm curious, but since when es have 10 ticks by points ?
I always thought it was 4 ticks by point ?
es is $12.5 per tick per contract , so $50 per point per contract , so you are right it is 4 ticks per point

atr21 was 15 points until Mid last week when things went nuts
Blogging daily now at www.volume.zone
  • #239,165
  • May 9, 2010 6:47pm May 9, 2010 6:47pm
Quoting malcolmb14
sorry ..

the issue with large spreads and slippage at time before the market opens is all to do with liquidity in the markets. It is thin and this causes some crazy moves and very choppy pa .

sometime the depth can dry up on the bid or ask and this is why the spread suddenly fluctuate

One way for us a average joe traders to try and avoid this is trade within normal market hours.

I did not mean your trading habits were bad ... that should have been a more global we . I love the volatility today but have sat on hands till I can see where this...
Thank you I do appreciate it. Trust me I love the volatility also it makes things so predictable. I have had quite a good help here on this thread from a few others to really point out any mistakes I was doing. Sometimes I get ahead of myself and that is bad, Patience is a hard lesson learned.
Know when to hold em, Know when to fold em!
  • #239,166
  • May 9, 2010 6:50pm May 9, 2010 6:50pm
Quoting mfoste1
its only sunday night....i already cant take this

message to idiots in here.....WHEN U WANNA POST SOMETHING, DONT!

do i guess you are not one?
  • #239,167
  • May 9, 2010 6:51pm May 9, 2010 6:51pm
mind posting your analysis? I don't have 8hr charts bro. I do see on the Daily tho that price is heading upward midway thru a down price channel which has about a 300-400 pip potential.....could be wrong

Quoting gatorinla
if you got 8h tf put a bollinger b on it.
In Charts We Trust!
  • #239,168
  • May 9, 2010 6:52pm May 9, 2010 6:52pm
Pressing long again here. for an easy 10 pips at 1.2850
  • #239,169
  • May 9, 2010 6:57pm May 9, 2010 6:57pm
Quoting goods
Thank you I do appreciate it. Trust me I love the volatility also it makes things so predictable. I have had quite a good help here on this thread from a few others to really point out any mistakes I was doing. Sometimes I get ahead of myself and that is bad, Patience is a hard lesson learned.



the hardest lesson

sometimes you just want to trade without waiting for nice set up or direction to show itself

sometime you miss a trade and then rush in and before you know what hit you you find you are on the wrong side of the market.

I still make these mistakes weekly and have to keep on telling myself in the back of my mind .. ' be patient another trade is just around the corner'

good luck this week , looks like it may be another crazy one

Es gapped 17 points on a sunday. I have not seen that since 2008
Blogging daily now at www.volume.zone
  • #239,170
  • May 9, 2010 6:58pm May 9, 2010 6:58pm
Quoting X.Oden
mind posting your analysis? I don't have 8hr charts bro. I do see on the Daily tho that price is heading upward midway thru a down price channel which has about a 300-400 pip potential.....could be wrong
im not saying your not right. but caution is warranted. chf may have hit the stop already. i have 2971 possible for eu.. bb shows 90 ish as it mid
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those who can, do. those who cant, talk about those who can
  • #239,171
  • May 9, 2010 7:00pm May 9, 2010 7:00pm
Thanks for posting....it helps me see a different perspective...

Quoting gatorinla
im not saying your not right. but caution is warranted. chf may have hit the stop already. i has 2971 possible for eu..
In Charts We Trust!
  • #239,172
  • May 9, 2010 7:01pm May 9, 2010 7:01pm
Quoting X.Oden
I don't have 8hr charts bro.
2 charts 8H for you. Notice how we're nicely below the 200 sma (purple line) in bear territory since late December 2009, and far from a reversal (closing above 200 sma in bull territory).
Anything can happen, but... I wouldn't bet much on the long side, until a clear trend change. But that's just me.
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Getting it right is NOT as important as not getting it wrong.
  • #239,173
  • May 9, 2010 7:01pm May 9, 2010 7:01pm
I m out again, Sweet 20pips ... 4k today. I m out for the day. Time to party.
  • #239,174
  • May 9, 2010 7:02pm May 9, 2010 7:02pm
Quoting malcolmb14
[/b]


the hardest lesson

sometimes you just want to trade without waiting for nice set up or direction to show itself

sometime you miss a trade and then rush in and before you know what hit you you find you are on the wrong side of the market.

I still make these mistakes weekly and have to keep on telling myself in the back of my mind .. ' be patient another trade is just around the corner'

good luck this week , looks like it may be another crazy one

Es gapped 17 points on a sunday. I have not seen that since 2008

Yep agreed, like I said I think it reached the low last week its going to be a bit crazy above that, as markets are so unstable. I would say alot of ranging, but more bullish ranging meaning we will see increased s/r levels and more ranges between those levels. It will probably be quite predictable long's and short's for quite a while till one side just dominates. But really who knows which side it will be in the long run. Fundamentals are so screwed up anymore lol. Honestly I would like to see the eur recover it would create a bit more stability but they will have to come out with some pretty hefty press releases.
Know when to hold em, Know when to fold em!
  • #239,175
  • May 9, 2010 7:04pm May 9, 2010 7:04pm
Quoting mfoste1
it just pisses me off bc every time i come in here, there are more and more idiots....this thread used to be good when i first came around here and I learned a TON of stuff from the smart guys and really improved my abilities ..... now its just like 9 out of 10 posts are just complete bs. If this keeps on like this i might leave.

Just step back and take a deep breath. I used to care now I just look in here about once a week. I get a good giggle or three and go on my way.

Try it you'll like it
  • #239,176
  • May 9, 2010 7:09pm May 9, 2010 7:09pm
Oh well, that explains..
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"The Side that Knows When to Fight and When Not to, Will Take the Victory"
  • #239,177
  • May 9, 2010 7:16pm May 9, 2010 7:16pm
EU ministers agree on mechanism

By Sean Lee || May 10, 2010 at 00:12 GMT
|| 0 comments || Add comment
They have agreed to a mechanism to stop the spread of the Greek debt crisis according to an EU diplomat quoted on the Reuters newswires. EUR/USD pops 20 pips but no firm details yet.
  • #239,178
  • May 9, 2010 7:17pm May 9, 2010 7:17pm
News conference shortly

By Sean Lee || May 10, 2010 at 00:13 GMT
|| 0 comments || Add comment
The mechanism involves a mixture of loans and guarantees.
  • #239,179
  • May 9, 2010 7:17pm May 9, 2010 7:17pm
Quoting goods
Yep agreed, like I said I think it reached the low last week its going to be a bit crazy above that, as markets are so unstable....
been traidng using simple hulls moving average and murray math lines , playing between them , stop is moved to just under 6/8 mml with targets 1.4860 / 1.4890

mostly on a 2 / 5 and 15 min chart

volatility has been so high that a lot of good gu trades have been off a 2 min chart.

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Blogging daily now at www.volume.zone
  • #239,180
  • May 9, 2010 7:18pm May 9, 2010 7:18pm
Nikkei +0.3%, Kospi +0.8%
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