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  • #252,421
  • Jun 3, 2010 5:54pm Jun 3, 2010 5:54pm
Quoting gatorinla
tell me that when china takes over n. Korea ect. If you think they stockpile for nothing. God bless you.
I wish they would.
  • #252,422
  • Jun 3, 2010 5:54pm Jun 3, 2010 5:54pm
Quoting Ted1983
Why are you so anti Dollar?
Cold war relic?
What kind of question is that??? I'm just talking about further moves.

Or you think EURUSD should just drop straight to 1.10 nonstop?

Target 1.23-1.24 with good or better US Employment numbers, that's

what I'm expecting.. Anti Dollar my A$$.. Dollar or EUR same sh*t

by any means.. Buy Low, Sell high.
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  • #252,423
  • Jun 3, 2010 5:57pm Jun 3, 2010 5:57pm
Just winding you up. It seems like you're getting ready to go long EU every 5 minutes is all.
  • #252,424
  • Jun 3, 2010 5:59pm Jun 3, 2010 5:59pm
Quoting Ted1983
Just winding you up. It seems like you're getting ready to go long EU every 5 minutes is all.
actually long signals all over the place, but nothing really going to happened

till tomorrow, but I hit Buy, for few pips, cause it is f* buy..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #252,425
  • Jun 3, 2010 6:04pm Jun 3, 2010 6:04pm
Quoting Kique
What do you think about this ¿¿¿pennant???
I dont know the name of the formation in english
Where do you think it will go

Up or Down? It comes from a bearish tendency I would say down What do yo think?
It's actually a bull wedge. But that doesn't mean it will start a significant bullish movement, it just means that would usually be the bias. Note that price drifts out of wedges all the time. It did a little last night and people were calling for the break upwards. Patience guys, and don't rely so heavily on chart patterns.
  • #252,426
  • Jun 3, 2010 6:06pm Jun 3, 2010 6:06pm
I sort of agree with Skyzer, the dollar is dead ... has been dead for a while now. The problem with the dollar is volatility and volatility equals profit. The essential idea of trading it to trade the largest, fastest moving market to turn a profit. The average daily range of EU is 120 pips. Not really a of movement in a day for traders to profits off of. Look at it this way, before i place a price action trade (need three candlesticks to be obtained for entry) and by the time my entry is set, price action would have hit it's daily high. Most of us made mad profits a few weeks back when EU was moving 300-400 pips a day; an example of what I'm talking about. EU and other dollar pairs are moving off of liquidity (spikes), not volatility. Trading true trend on dollar pairs require 2-3 days of holding the position.

Most intraday traders moved on over to volatile crosses. specifically Eur and Gbp crosses. I moved to Eur/Aud and Eur/Nzd, two of the riskiest pairs in the world. I accept that risk in search of more daily profits, being an pure intraday (day trader) trader. A look at Gbp/Jpy and Gbp/Chf and you'll quickly realized the majority retail/professional trading base is hanging out with those pairs. Volatility = profits. A lot of traders don't want to believe it but it's true. Any pair that has the ability to moved 300 pip average a day, traders should be able to profit at least 100pips off a three hundred pip range daily range.
  • #252,427
  • Jun 3, 2010 6:09pm Jun 3, 2010 6:09pm
Quoting stevefx
I wish they would.
China trades the u.s. paper for n. Korea... kill 2 birds with one stone.
those who can, do. those who cant, talk about those who can
  • #252,428
  • Jun 3, 2010 6:11pm Jun 3, 2010 6:11pm
Price just Bounced off the top of a 5 min down channel

TEB
  • #252,429
  • Jun 3, 2010 6:11pm Jun 3, 2010 6:11pm
Quoting Jhig
Volatility = profits. A lot of traders don't want to believe it but it's true. Any pair that has the ability to moved 300 pip average a day, traders should be able to profit at least 100pips off a three hundred pip range daily range.
Thanks, interesting point, I only look at those pairs rarely.. Will have to

keep my eyes on them as well, I guess
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  • #252,430
  • Jun 3, 2010 6:12pm Jun 3, 2010 6:12pm
Quoting Jhig
Volatility = profits. A lot of traders don't want to believe it but it's true. Any pair that has the ability to moved 300 pip average a day, traders should be able to profit at least 100pips off a three hundred pip range daily range.
A lot of traders say this, and some I hold in high regard, but it's not this simple. If we know nothing else about a market than its daily range, the only difference between 100atr and 200atr markets is that we will trade the 200atr with half the size, with a stop and target twice as large. Pips alone mean absolutely nothing.
  • #252,431
  • Jun 3, 2010 6:13pm Jun 3, 2010 6:13pm
2135 go get my long order euro.
Founder of Sutherland Wave Principle
  • #252,432
  • Jun 3, 2010 6:19pm Jun 3, 2010 6:19pm
Sorry for the offtopic but what do you people use for S&P charts?

I was using AvaFx demo but it died on me and it`s giving errors now... and i don`t really know other brokers who show it 23/5.

Thank you in advance!
  • #252,433
  • Jun 3, 2010 6:19pm Jun 3, 2010 6:19pm
Quoting Mr J
Pips alone mean absolutely nothing.
This is one of the points why traders trade volatile pair. A 10 Lot position (1 million) trades on EU will be just the same as trading 10 Lot position on GJ, the only difference is momentum. A 20 pip run of EU can at time be a long run (based on time) but a 20 pips run on GJ will happen in no time and if the trend holds up, you'll have multiple opportunities to jump back in. I wouldn't trust jumping back in on EU, lot of indecision.
  • #252,434
  • Jun 3, 2010 6:20pm Jun 3, 2010 6:20pm
Quoting TudorJonesJR
US will kill themselfs with their hugh pile of debt if they raise the rate.. Still consumerprices were lower than expected in april.. deflation is glooming, credit is still contracting..the only thing that can postpone the collapse (for now) is to print more money..

This is a question that has always bothered me. Through quantative easing, the government bought up a lot of their own paper from banks, right? If they raise rates, wouldn't the value of that paper increase, thus driving government debt down? Not sure I totally understand the negative ramifications of raising rates now. I mean, as Hoening pretty much said, 1% is still pretty accomodative to banks.
"If it was good enough for Gann, it's good enough for me..."
  • #252,435
  • Jun 3, 2010 6:21pm Jun 3, 2010 6:21pm
Quoting Mr J
It's actually a bull wedge. But that doesn't mean it will start a significant bullish movement, it just means that would usually be the bias. Note that price drifts out of wedges all the time. It did a little last night and people were calling for the break upwards. Patience guys, and don't rely so heavily on chart patterns.
I've made a career out of trading chart patterns. I'm just wondering why you give this out as advice?
Every time you use 'hopium' in a post, God kills a kitten.
  • #252,436
  • Jun 3, 2010 6:23pm Jun 3, 2010 6:23pm
Hi and thanks... I am already well-versed in all those concepts. So I guess what you are really saying is that the trader needs to know his or her way around the playing field asitwere, in order to be able to hedge successfully and get in and out at the right spots without getting caught up in an untenable situation makes sense to me.

Quoting T@rantula
Very hard to pinpoint this way. I need to demonstrate it LIVE. BUT, remember hedging is not always advised. I only do that when I spot a possible big breakout in opposite direction. The guy from that video has much more experience in scalp hedging. I dont do that way. First try to learn about pivots, quarterpivots s/r levels , double triple tops, etc...thats when u could cover urself with a hedge.
"The real genius is knowing when to stop." - Marc Faber
  • #252,437
  • Jun 3, 2010 6:27pm Jun 3, 2010 6:27pm
Quoting Mr J
A lot of traders say this, and some I hold in high regard, but it's not this simple. If we know nothing else about a market than its daily range, the only difference between 100atr and 200atr markets is that we will trade the 200atr with half the size, with a stop and target twice as large. Pips alone mean absolutely nothing.
  • #252,438
  • Jun 3, 2010 6:29pm Jun 3, 2010 6:29pm
the market turns bear exactly at the turn of the hour........

555555555555555555555555555555555555555555
3 cycles down and now 2 up................
  • #252,439
  • Jun 3, 2010 6:30pm Jun 3, 2010 6:30pm
Quoting hhitch
Hi and thanks... I am already well-versed in all those concepts. So I guess what you are really saying is that the trader needs to know his or her way around the playing field asitwere, in order to be able to hedge successfully and get in and out at the right spots without getting caught up in an untenable situation makes sense to me.
Exactly
  • #252,440
  • Jun 3, 2010 6:33pm Jun 3, 2010 6:33pm
Quoting Kique
Haha so I bought it Under the resistance haha I hope it to go up
go back to chart.. look at the levels we are currently at..simply find the mid mark.. @ 2171.6 .. not perfect but we missed by less then a single pip.. it would be kinda funny if that was the last time we were this high again forever. you can also look at the chart target.. that chart is 2 r 3 weeks old.. we hit all the others so far..
those who can, do. those who cant, talk about those who can
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