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  • #285,581
  • Aug 24, 2010 4:55pm Aug 24, 2010 4:55pm
At least I'm not a quitter


I guess the question is whether I'm the puncher or the punch-e
  • #285,582
  • Aug 24, 2010 5:07pm Aug 24, 2010 5:07pm
For me tomorrow bad news USA and euro go 1.2770.
  • #285,583
  • Aug 24, 2010 5:18pm Aug 24, 2010 5:18pm
Look like DNA.
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Click to Enlarge Name: dx1.gif Size: 11 KB
  • #285,584
  • Aug 24, 2010 5:20pm Aug 24, 2010 5:20pm
Quoting TripeiroFX
My man need to go way this afternoon (some familiar problems), when i'm back, we are around 1,2675, so i prefer stay out and wait, and now this move down. This is not my days .

One thing good, i'm not lose
good one mate and good luck
  • #285,585
  • Aug 24, 2010 5:42pm Aug 24, 2010 5:42pm
Quoting Z3iz3i
Todays move was seen in charts, eu/gu/eg were in sync and were bought increasingly just before the news so bull knew it could make an effect and accumulation of long positions were exceeding shorts that time.
The first reaction was down but not doing enough damage to longs, big shorts were closed and that in turn boosted EU up to break all small barriers on the way up.

I was shorting it but had to hedge rapid move up, got a bit sloppy there.
I dont know any reason for that than figuring out myself EUR has been sold increasingly lot so some sweeping...
thanks for that perspective! good for me to pick these things up so i can see that stuff easier next time..

by the way...just out of curiosity...where do you see tomorrow's trade going?
  • #285,586
  • Aug 24, 2010 5:47pm Aug 24, 2010 5:47pm
Quoting jjam
You have several different ideas going on, which is OK, and actually advisable. However you still may be over-analyzing a bit.

1. This could indicate a problem...

1. hehe didnt know this syndrome existed. but guilty as charged im a trade junkie lol. phew..that's almost a cold turkey remedy! omg, will give it a shot. but it's def. gonna be hard since im looking at those charts all day! soooo tempted to make trades when i see moves heh.

2. i guess ur talking about stop losses here? what is the usual range that you take for a stop limit or stop loss?

3. gotcha

4. thanks for the tip

5. thanks again for valuable advice!
  • #285,587
  • Aug 24, 2010 5:54pm Aug 24, 2010 5:54pm
Read! read as much as you can. Even in this forum. I notice a lot of questions asked when the answers are a couple of pages back. Yes it may seem like a lot, but look at it like this. You would be gaining in the time it takes to read 3 pages what it tool some of us, myself included years to learn. You can never have enough knowledge. It will also help you to filter out the noise. In addition, if you find yourself in a situation and can't see a true solution. Scale back your time frame. Look at the big picture. market movers often work from weekly charts, (nothing under daily)sometimes it's real obvious what is transpiring. The analogy would be watching a basketball game on t.v, and seeing the open man. You ask yourself why didn't he pass to the open man. Well when you are in the middle of the battle it's hard to see the whole field.

Good Luck!
All that is left in FF is just plain garbage. "Cloggie"
  • #285,588
  • Aug 24, 2010 6:06pm Aug 24, 2010 6:06pm
Pass it to Kobe! He's always open. Just ask him.
Quoting tonyo524
Read! read as much as you can. Even in this forum. I notice a lot of questions asked when the answers are a couple of pages back. Yes it may seem like a lot, but look at it like this. You would be gaining in the time it takes to read 3 pages what it tool some of us, myself included years to learn. You can never have enough knowledge. It will also help you to filter out the noise. In addition, if you find yourself in a situation and can't see a true solution. Scale back your time frame. Look at the big picture. market movers often work from weekly...
  • #285,589
  • Aug 24, 2010 6:20pm Aug 24, 2010 6:20pm
Quoting kitiara
thanks for that perspective! good for me to pick these things up so i can see that stuff easier next time..

by the way...just out of curiosity...where do you see tomorrow's trade going?
I have no idea, last drop was unexpected. Lets see how Asia takes it.
They think they are smarter than I am.
  • #285,590
  • Aug 24, 2010 6:28pm Aug 24, 2010 6:28pm
Quoting sasavisnic67
Hi,
What do you use as a congestion indicator?
BR
Sasa
Sometimes I draw 2 parallel lines and watch PA movement inside the tunnel/channel.

Indicator I use as a congestion breakout is named exactly like that- Congestion breakout. I can send u via email if u wish.

T
  • #285,591
  • Aug 24, 2010 6:30pm Aug 24, 2010 6:30pm
Quoting Z3iz3i
I have no idea, last drop was unexpected. Lets see how Asia takes it.
usd is risk aversion , sad but true , dj ended tanking down about .5% into close. Hence the drop in eu.

If you can have a chart of es up ( free form broco) when trading you will see it better

ES boucned after drop at open ... then moved down late in day
Blogging daily now at www.volume.zone
  • #285,592
  • Aug 24, 2010 6:40pm Aug 24, 2010 6:40pm
Quoting Jym
Well hoping for that random hundred+ pip move now haha

Just got short. Guess we'll see what happens

May be a good time to get into longs with the way I've been trading the past week
Pretty perfect catch of the bottom within a couple pips.

Just bailed on that one at -12 pips.
One less headache.
  • #285,593
  • Aug 24, 2010 6:44pm Aug 24, 2010 6:44pm
next good short opp. Have fun.
All that is left in FF is just plain garbage. "Cloggie"
  • #285,594
  • Aug 24, 2010 6:46pm Aug 24, 2010 6:46pm
ireland downgrade cause that move down. not true?

hapipipin

Quoting malcolmb14
usd is risk aversion , sad but true , dj ended tanking down about .5% into close. Hence the drop in eu.

If you can have a chart of es up ( free form broco) when trading you will see it better

ES boucned after drop at open ... then moved down late in day
dreams do come true.
  • #285,595
  • Aug 24, 2010 6:47pm Aug 24, 2010 6:47pm
but seems that 37 won't let it get there!

mr. market will tell us in a hour or so...

Quoting tonyo524
next good short opp. Have fun.
dreams do come true.
  • #285,596
  • Aug 24, 2010 6:55pm Aug 24, 2010 6:55pm
Quoting wannaberich
ireland downgrade cause that move down. not true?

hapipipin
WBR

Do you still believe in DOWN ??
"Por mais fundo que seja o buraco, pelo menos esse não tem terra em cima"
  • #285,597
  • Aug 24, 2010 7:01pm Aug 24, 2010 7:01pm
Ireland Long-Term Sovereign Credit Rating Cut by S&P
24 august 2010, by Ben Livesey and Robert Burgess (Bloomberg)
http://www.bloomberg.com/news/2010-0...-s-to-aa-.html

Excerpt:

Ireland’s long-term sovereign credit rating was cut one step to AA- from AA by Standard & Poor’s, which cited the projected cost of supporting the nation’s financial sector.

“The negative outlook reflects our view that a further downgrade is possible if the fiscal cost of supporting the banking sector rises further, or if other adverse economic developments weaken the government’s ability to meet its medium- term fiscal objectives,” S&P said today in a statement.
  • #285,598
  • Aug 24, 2010 7:08pm Aug 24, 2010 7:08pm
Quoting gatorinla
.. france next
Reality sux. For some. Others profit.

That spike hit a pending....I was expecting a bounce after last night, but not this spike....I really didn't think my pending would get filled. Just locked at BE+...let's see where this runs.

I got stopped out on the UJ play too. Back in at the moment though, trailing tight...faded the 83.82.
  • #285,599
  • Aug 24, 2010 7:12pm Aug 24, 2010 7:12pm
imho. this pair is going down to .2500. I foresee it happening by end of this week.

Nothing on the daily chart suggests that a reversal is coming. I don't understand all of you shouting hns.

Whenever there is a change in sentiment, it will take a while to develop. If the pair is going to move up, it would take really really huge news or about a week or 2 of sideways.

During that time, you have plenty of time to get out of a trade and make money. I agree last night was a little shocking. A sudden long bar up could have shook some of the traders but i think that was only profit taking by some bigger boys. A daily move of about 100 pips shouldn't be shocking in forex. Start trading higher time frames people...
  • #285,600
  • Aug 24, 2010 7:14pm Aug 24, 2010 7:14pm
Quoting TripeiroFX
WBR

Do you still believe in DOWN ??
all the way to 1.1800 and beyond

dj breaks 10000 ... we have another 10 % down in US markets.

ENJOY .. september should be easy .. sell all rallies ...

Obviously the move will not be in a straight line , and retracements of 100 to 200 pip should be expected .
Blogging daily now at www.volume.zone
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