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  • #276,781
  • Jul 30, 2010 3:01pm Jul 30, 2010 3:01pm
alright, break time. have a good weekend guys. i'll be around

Donnie
  • #276,782
  • Jul 30, 2010 3:07pm Jul 30, 2010 3:07pm
Interesting that the biggest move of the day - was this 20 pip down bar on a M5 chart, right at the equity market close of NY. Must have been a determined seller dumping right at the end of their day, on somewhat lighter volumes moving the market relatively quickly. Bought a bit, perhaps closing by day's end.
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  • #276,783
  • Jul 30, 2010 3:11pm Jul 30, 2010 3:11pm
Quoting Beljevina
Interesting that the biggest move of the day - was this 20 pip down bar on a M5 chart, right at the equity market close of NY. Must have been a determined seller dumping right at the end of their day, on somewhat lighter volumes moving the market relatively quickly. Bought a bit, hopefully closing by day's end.
for tech reasons they want the week/month to close below 3053/55
those who can, do. those who cant, talk about those who can
  • #276,784
  • Jul 30, 2010 3:51pm Jul 30, 2010 3:51pm
hope u guys had a good week trading euro dollar
  • #276,785
  • Edited 6:41pm Jul 30, 2010 4:49pm | Edited 6:41pm
I know I got late on this but I saw it when closing my platforms, but did anybody saw the 100 pips drop on gbp in 30 M candle, WTF? Maybe some big player taking profit dunno, but I like also the red candle on the daioly on Eur/usd.

I think we are gonna have an interesting next week, lots of fundies and NFP to shake the world. By the farest my worst trading week, I had to fire one bad trader on my company ...

Wish you all a happy weekend and a grear pip in August.
  • #276,786
  • Jul 30, 2010 4:52pm Jul 30, 2010 4:52pm
Hi

There are so many senior traders here with tons and tons of FOREX experience. I am in a super infantile stage currently with my tiny little trading journal on FF, which can give any one a good laugh. Also I know that this thread is on EU but belive me I have learned a lot from seniors here and I am constantly learning. I have learned that skill rather than just money making is more important and money anyways will follow. But when I look at conflict of interest documents from brokers it looks like that they are saying that they are going to take away my money anyways, though in gentle language. I am plannig to open a live account of no more than 500 bucks right now just to get the feel of how the markets work in real.

Please advise me that how long shall I practice on demo money or what may be the criteria (numbers of wins, magnitude of wins, winning demo account for certain amount of months...etc etc). I am insightful on this that I am still uncomfortable in putting adequate stop losses because, I still do not have confidence that my stop loss will not hit. Rather, I baby sit the trade and stay happy with peanut profit.
  • #276,787
  • Jul 30, 2010 4:54pm Jul 30, 2010 4:54pm
Quoting Santana33
I know I got late on this but I saw it when closing my platforms, but did anybody saw the 100 pips drop on gbp in 30 M candle, WTF? Maybe some big player taking profit dunno, but I like also....
Someone posted many hours ago and I don't know how many pages/posts ago something about $5 (?) billion of pounds a central bank (?) was selling. Don't remember exactly but that was what probably did it.
  • #276,788
  • Jul 30, 2010 5:59pm Jul 30, 2010 5:59pm
Quoting jillsaab
Hi

There are so many senior traders here with tons and tons of FOREX experience. I am in a super infantile stage currently with my tiny little trading journal on FF, which can give any one a good laugh. Also I know that this thread is on EU but belive me I have learned a lot from seniors here and I am constantly learning. I have learned that skill rather than just money making is more important and money anyways will follow. But when I look at conflict of interest documents from brokers it looks like that they are saying that they are going...
I started wenn i trippled my demo acc and started real acc with 1200 eur and will at more deposit when i tripple again, i think this is a good test if you are already in the mood of trading with real money succesful.. Just deposit the money you are willing to loose without getting in trouble and dont watch your account balance.. Put automatic order with prefixed percentage loss of what you are comfortable.. Just imagine that you have already a BIG account and just focus on percentage gain... And stick to it.. Dont let your mind get in control of you, control your mind.. Set a daily max of percentage loss and if reach stopp trading, dont think that you have to regain the loss, there will be better oportonities next time, it took a while to understand that, but if you realise thats the only way to be consistently profitable, hope you get what i'm telling you

Writing from the train to berlin to go clubbing, enjoy your weekend, and realise that trading is just one part of life.. There are plenty of opportunities if you safe your money over bad days

Sorry for my english, just getting started writing in english more often
  • #276,789
  • Jul 30, 2010 6:35pm Jul 30, 2010 6:35pm
The grand cardinal cross is here guys.. starting today... what do you think the implications will be? USD seems to be getting weak along with Wall street, reversing the normal relationship. Baltic Dry Index has done a double dip, and so has US bonds ... the 10 year yield back under 3%. Stress tests are probably fibbed and tensions continue to grow. However markets are resilient and have had the best month this year?! Pop before the drop? or jumping the gun?

Jag
  • #276,790
  • Jul 30, 2010 6:48pm Jul 30, 2010 6:48pm
Is there a European holiday? Nothing is trading on my platform right now.
  • #276,791
  • Jul 30, 2010 7:13pm Jul 30, 2010 7:13pm
Quoting steroidman
Is there a European holiday? Nothing is trading on my platform right now.
It's T G I F


which stands for That Girl Is Fine. Go find one its the weekend.
  • #276,792
  • Jul 30, 2010 7:16pm Jul 30, 2010 7:16pm
Quoting steroidman
Is there a European holiday? Nothing is trading on my platform right now.
wow bro..market is closed.
  • #276,793
  • Jul 30, 2010 9:43pm Jul 30, 2010 9:43pm
Quoting steroidman
Is there a European holiday? Nothing is trading on my platform right now.
This what happens to your brain when you take steroids, you try to trade when the market is closed.
  • #276,794
  • Jul 30, 2010 10:47pm Jul 30, 2010 10:47pm
Quote
I started wenn i trippled my demo acc and started real acc


Thanks for your reply on this. Though the forex market is one on one and someones PIP loss is other trader's gain, It is commendable that the senior traders help and guide newbies like me.

Thanks again and appreciate your time to write. Have a great weekend!
  • #276,795
  • Jul 30, 2010 11:44pm Jul 30, 2010 11:44pm
Quoting steroidman
Is there a European holiday? Nothing is trading on my platform right now.
LOL
  • #276,796
  • Jul 31, 2010 2:12am Jul 31, 2010 2:12am
http://www.marketwatch.com/story/bar...-07-30-1429370

Barclays Capital raised its forecast for the euro versus the dollar Friday and now expects the shared currency to fall less over the next few months as previously predicted. The euro will decline to $1.27 in the next month, compared to a previous forecast for it to fall to $1.20 from $1.3065 currently. In three months, the euro will decline to $1.25, strategists at Barclays wrote in a research note Friday.
  • #276,797
  • Jul 31, 2010 2:34am Jul 31, 2010 2:34am
Quoting steroidman
Is there a European holiday? Nothing is trading on my platform right now.
that I call "traderholic"
Pecunia non olet
  • #276,798
  • Jul 31, 2010 4:41am Jul 31, 2010 4:41am
Happy weekend holiday traders . Just seeing charts to ready for next possible moves.
Topside it may move to 1.3214 but main resistance should be at 1.3183 and after they taken up price possibly fall towards 1.2724 max for the next wave down as another 4th wave consolidation with possible support at 1.2750 & 2739 before start up again if no bull failure. below 1.2723 should take a confirmation of the failure .

In daily level bull rally now at 6th to start next ,likely to have more ranges as decision making candle , so the above movements seems ok .
In weekly also 7th candle of bull rally to start for the up & some retracements , ok too. In monthly candle 8th end of the bear rally , just opposite direction and 9th should be decision making id monthly bear will continue or die temporarily , price above 1,3291 will abort this bear rally , otherwise it can start the bear rally closing at the very bottom or down next month .
Anyway more ranging can be expected next & few weeks to come .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #276,799
  • Jul 31, 2010 5:27am Jul 31, 2010 5:27am
Quoting jillsaab
Hi

There are so many senior traders here with tons and tons of FOREX experience. I am in a super infantile stage currently with my tiny little trading journal on FF, which can give any one a good laugh. Also I know that this thread is on EU but belive me I have learned a lot from seniors here and I am constantly learning. I have learned that skill rather than just money making is more important and money anyways will follow. But when I look at conflict of interest documents from brokers it looks like that they are saying that they are going to...
Hi to you, i would recommend you to start only with one or two currencies, like aus/usd or euro/usd, these are cheaper in major currencies pair, unlike sterling/usd, this pair is expensive. As a beginner, dont scalp, DONT SCALP! scalping does look very tempting but as a beginner, like you, dont know how the trend moves. do go for long term, do your research wisely.

good trading, cheers
Logics do not apply in FOREX
  • #276,800
  • Jul 31, 2010 6:48am Jul 31, 2010 6:48am
A little weekend reading. Real World values of various currencies.

"The latest Big Mac index suggests the euro is still overvalued."
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