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  • #277,481
  • Aug 3, 2010 11:09am Aug 3, 2010 11:09am
Quoting sisse
I don't & I am on sidelines too.

However, that was actually my point when you read "Goldmans" and company changing their public expectation like changing underwear, you know that they must be as lost or late for the rally as any trader in FF.
sisse
theyre not lost or late, they control everything.....to think otherwise is naive

give me a trillion to play with, see if i lose
  • #277,482
  • Aug 3, 2010 11:12am Aug 3, 2010 11:12am
Quoting Predi
BULLISH engulfing pattern forming on 4H



Im not that good with moving averages.. which ones are more accurate, simple or exponential??
I only look at the Simple Moving Average. I think for FX there is no point using the weighted or exponential – as the market is 24 hours and fairly smooth in terms of price action.
  • #277,483
  • Aug 3, 2010 11:12am Aug 3, 2010 11:12am
EU is oppressed I'm short at 3232. Possible rally to 3252, but I don't know if its gonna make it. I'd double my position up there. Its getting late in the day though, which sucks.
  • #277,484
  • Aug 3, 2010 11:15am Aug 3, 2010 11:15am
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  • #277,485
  • Aug 3, 2010 11:15am Aug 3, 2010 11:15am
EU Short term
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Fools Rushing
  • #277,486
  • Aug 3, 2010 11:15am Aug 3, 2010 11:15am
lol, yes of course I was exaggerating with the comparison but the point was that there was a lot money out of the rally including some big bets in the short side and the "retrace" has exceed at least the most risky bears.

In any case, as long as it keep making HH is nothing much to discuss on what is the direction for the next few weeks.

sisse

Quoting mfoste1
theyre not lost or late, they control everything.....to think otherwise is naive

give me a trillion to play with, see if i lose
Pending conversations? PM for a chat...I am mainly in OTM now
  • #277,487
  • Aug 3, 2010 11:20am Aug 3, 2010 11:20am
Quoting stevefx
EU is oppressed I'm short at 3232. Possible rally to 3252, but I don't know if its gonna make it. I'd double my position up there. Its getting late in the day though, which sucks.
expecting a spike to take it past 3249 and beyond.
  • #277,488
  • Aug 3, 2010 11:21am Aug 3, 2010 11:21am
Quoting mfoste1
you cant listen to anything they say, misleading info is how they make money. What do they have to prove to anyone by making good calls? Theyre the top of the top and they answer to no one. Why would they give their...
Agreed. IMHO, reading these types of reports is (at best) like driving while looking through your rear view mirror and - at worst - simple misinformation.

Any trader who has keen understanding of market generated information would have spotted the most probable bottom (give or take 100 pips) several months before it occurred and would have spotted the most probable top (given the most probable bottom) at the same time.

http://www.cmegroup.com/education/in...trategies.html
  • #277,489
  • Aug 3, 2010 11:23am Aug 3, 2010 11:23am
i am out for today its crazy let see where it close then decide to go long or short...it can't go lower if it want to go up till 33-34 ..let see how it plays

Ub
  • #277,490
  • Aug 3, 2010 11:30am Aug 3, 2010 11:30am
Stocks are selling again!
  • #277,491
  • Aug 3, 2010 11:32am Aug 3, 2010 11:32am
several so a good day today.

short sl at 45 (can risk a few pips)

if we do go down from this place, could be interesting to see...

hapipipin
dreams do come true.
  • #277,492
  • Aug 3, 2010 11:32am Aug 3, 2010 11:32am
Quoting jimmyloz
Hello traders i think about that what else ?

http://nsa17.casimages.com/img/2010/...1542578585.jpg

other analysis on my blog http://foxtrade-foxtrade.blogspot.com/



i like forexfactory do you know website like it for the market indices ( $CAC, $DAX, $INDU, $SP500 ) ?
MA50 impacted now ?
  • #277,493
  • Aug 3, 2010 11:33am Aug 3, 2010 11:33am
Quoting SunTrader
Stocks are selling again!
Yes but ES (S&P emini) is at 1119 just above some very good support. If it breaches this convincingly then it could trigger a larger sell off otherwise the current stock sell off is more likely to be a small retrace.
  • #277,494
  • Aug 3, 2010 11:37am Aug 3, 2010 11:37am
i hope people see whats going on.......please voice your opinions at their website

http://www.forexfactory.com/news.php?do=news&id=248650
  • #277,495
  • Aug 3, 2010 11:37am Aug 3, 2010 11:37am
Quoting Natch
Yes but ES (S&P emini) is at 1119 just above some very good support. If it breaches this convincingly then it could trigger a larger sell off otherwise the current stock sell off is more likely to be a small retrace.
Care to post a chart pic showing that because I look at 1119 as resistance. Just because it closed above it only yesterday does not suddenly make it support to me. Maybe you see something different?
  • #277,496
  • Aug 3, 2010 11:38am Aug 3, 2010 11:38am
I agree that all reports are useless for trading but I disagree with you in some parts.

Yes reports from your XXX broker or the gurus blogger back linking in FF yes they are completely useless. The long term expectation on option or major investment banks are usually pointing to the general direction (not tradable of course) have a little more implication in expectation as we saw on the bear options on 1.19 from 1.45 and the general consensus on the move down to 1.21/1.18 range during the 1st months of 2010 or the previous rallies to 1.6 and the downtrend during the peak of the financial crisis.

However, assuming that all institutional traders and banks behave exactly the same way, have the same expectations, that they are profitable by default & they catch bottom and tops is also misleading (do you know the losses in currency related investments in the 1st and 2nd quarters financial reports on the major investment banks?).

I don't believe that a trader need to follow what you read on those reports, but assuming that they are one unique synchronize almighty agent in the markets is at least misleading.

Reading those reports is not wrong, what is wrong is blindly trading what you are reading.

sisse


Quoting Natch
Agreed. IMHO, reading these types of reports is (at best) like driving while looking through your rear view mirror and - at worst - simple misinformation.

Any trader who has keen understanding of market generated information would have spotted the most probable bottom (give or take 100 pips) several months before it occurred and would have spotted the most probable top (given the most probable bottom) at the same time.

http://www.cmegroup.com/education/in...trategies.html
Pending conversations? PM for a chat...I am mainly in OTM now
  • #277,497
  • Aug 3, 2010 11:39am Aug 3, 2010 11:39am
Quoting jimmyloz

i like forexfactory do you know website like it for the market indices ( $CAC, $DAX, $INDU, $SP500 ) ?

I was going to ask the same question!!!

I know that this web site is Forex Factory but maybe a thread should be started for ( $CAC, $DAX, $INDU, $SP500, STOXX 50 ) because I believe quite a few traders follow the equity markets in order to inform their FX trading decisions.

Why don't you start a thread?
  • #277,498
  • Aug 3, 2010 11:41am Aug 3, 2010 11:41am
Quoting mfoste1
i hope people see whats going on.......please voice your opinions at their website

http://www.forexfactory.com/news.php?do=news&id=248650
I'll read it when I get back from work, but I wonder if that will affect foreign brokers like Dukascopy.

Good luck to everyone, my target on EUR has been met last night I'm out on EUR, looking for an entry on AUDJPY.
  • #277,499
  • Aug 3, 2010 11:48am Aug 3, 2010 11:48am
Quoting sisse
I agree that all reports are useless for trading but I disagree with you in some parts.



Reading those reports is not wrong, what is wrong is blindly trading what you are reading.

sisse
sisse,
I take your point. I guess as long as the reader gains some value from it then it's a good thing.

I know that such reports impact my view of the market even at an unconscious so I avoid them like the mother in law. I do this because I believe that the market's structure informs the trader of direction and swing magnitude way in advance of any other tool available so I consider such reports to be - in essence - historic since the writer (or their employer) will already have left their footprint within the structure of the market.
  • #277,500
  • Aug 3, 2010 11:52am Aug 3, 2010 11:52am
Quoting SunTrader
You should never use 00 or 50 for a target.
yeah, I hoped in a little spike - coz I think, that I saw them really often
Pecunia non olet
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