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  • #326,801
  • Nov 16, 2010 8:22am Nov 16, 2010 8:22am
From a theoretical point of view I disagree ... there is not technicals without fundamentals, even more there wont be any movement at all with out some kind of fundamental or economic reason behind any instruments.

In practice, I "solved" that dilemma using both in my trading plan but as you know whatever makes you make money just be consistent with it.

sisse

Quoting Pipwanderer
sometimes technicals overcome fundamentals but definitely not today.. i will wait for the sp 500 to open in 20 minutes. may be more risk aversion
Pending conversations? PM for a chat...I am mainly in OTM now
  • #326,802
  • Nov 16, 2010 8:23am Nov 16, 2010 8:23am
if market decided to go down there are no news that can invert it....it seems!!!
  • #326,803
  • Nov 16, 2010 8:24am Nov 16, 2010 8:24am
Quoting druckenmillr
Who’s next? First Greece went bust. Now Ireland is on the brink of a bailout from the European Union and the International Monetary Fund. When it happens, we’ll hear plenty of soothing words about how contagion has been stopped, the euro area has been put on a firmer footing, and the single currency saved.

The euro has turned into a bankruptcy machine. Once the markets have finished with Ireland, they will simply move on to Portugal and Spain, and after that to Italy and France.

http://noir.bloomberg.com/apps/news?...d=aHg8UgWh.Jxs...
Personally I don't let fundamentals cloud my judgement over my technical analysis. I did when I first started trading, but no more as I have been bitten more often than not. Skyzer is a classic example of letting the fundamentals take over. You will get set in your blinkered way and the market will ultimately punish you for it. Be objective is my motto.

Wish you success with your trading!

BTW... Greece is not bust... yet!
  • #326,804
  • Nov 16, 2010 8:26am Nov 16, 2010 8:26am
I'am going to assume the move is delayed till after 1500 london .
making green pips large and red pips small this is my goal.
  • #326,805
  • Nov 16, 2010 8:27am Nov 16, 2010 8:27am
I'll start to open sell positions if most trading occurs below 1.36 during this hour.

The bull that occasionally buys, is strong. But there are sellers more in general.

I sprained badly my left foot calf muscle yesterday evening while playing badminton. Not able to walk so could as well sit and find good trades.

And take single malt to "iiiiiiiiiiiiz teh paaaaaaaaaain".
They think they are smarter than I am.
  • #326,806
  • Nov 16, 2010 8:28am Nov 16, 2010 8:28am
Quoting bbakker


I would agree if it wasn't for the CCI bullish divergence on h1. This could take another day or two to play out, but I can now leave this trade alone and focus on other pairs. USDJPY has hit some supply on the daily and EURAUD is trying to escape from the weekly demand zone.

Wish you success with your trading!
Good luck to you as well.
  • #326,807
  • Nov 16, 2010 8:28am Nov 16, 2010 8:28am
Quoting bbakker
Personally I don't let fundamentals cloud my judgement over my technical analysis. I did when I first started trading, but no more as I have been bitten more often than not. Skyzer is a classic example of letting the fundamentals take over. You will get set in your blinkered way and the market will ultimately punish you for it. Be objective is my motto.

Wish you success with your trading!

BTW... Greece is not bust... yet!
just mental food.

i don't either... i trade a mechanical system and every now and then step off the reservation because "i think i'm always right" (thank God for stops)

agreee... Skyzer has serious tunnel vision.

stan
  • #326,808
  • Nov 16, 2010 8:29am Nov 16, 2010 8:29am
cyprus downgraded by s&p
making green pips large and red pips small this is my goal.
  • #326,809
  • Nov 16, 2010 8:30am Nov 16, 2010 8:30am
In finance, a barrier option is a type of financial option where the option to exercise depends on the underlying crossing or reaching a given barrier level. Barrier options are always cheaper than a similar option without barrier. Barrier options were created to provide the insurance value of an option without charging as much premium. For example, if you believe that IBM will go up this year, but are willing to bet that it won't go above $100, then you can buy the barrier and pay less premium than the vanilla option.

Quoting paul1
can anyone give a link to explain how option expiry could help to stop this level breaking if there is one .thankyou
Hello.
  • #326,810
  • Nov 16, 2010 8:31am Nov 16, 2010 8:31am
You are not asking a easy question but in general big investors for example don't want options to be exercised at specific strike price (or the opposite). So they will hold price above until expiration so the option expire worthless or the opposite. For example if options is the explanation for not breaking 1.3600, in 30 mins that level should give up easily (assuming no reports news of course).

Check the cbot/cme web education page on options. Great quality and non commercial.

I hope it helps

sisse

Quoting paul1
can anyone give a link to explain how option expiry could help to stop this level breaking if there is one .thankyou
Pending conversations? PM for a chat...I am mainly in OTM now
  • #326,811
  • Nov 16, 2010 8:37am Nov 16, 2010 8:37am
sausage factory
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #326,812
  • Edited 9:04am Nov 16, 2010 8:37am | Edited 9:04am
Quoting paul1
can anyone give a link to explain how option expiry could help to stop this level breaking if there is one .thankyou
If you hold puts (in the derivatives market) you want the price to be below the strike at expiry so your puts have a value. Then if you are active in the spot market too you keep selling (as long as you have the firepower) so the price goes down. Exact opposite for calls. After expiry you rebuy the spot you sold, if you wish so. Hope this helps.
  • #326,813
  • Nov 16, 2010 8:41am Nov 16, 2010 8:41am
Quoting Merry
closed shorts with 59 pips totally

waiting to re-enter @ 607 , 618 or 632

waiting 4 the second & third 1

  • #326,814
  • Nov 16, 2010 8:41am Nov 16, 2010 8:41am
Take caution with any shorts; VSA shows signs of possible buying/accumulation here, and the Irish PM is updating parliament & more news is likely in the next few hours, with possible news of a bank and beyond bailout. Should be viewed as euro positive and at least a likely pop. http://www.bloomberg.com/tv/ does a fairly good job of live coverage. Gotta love Austria denying further help Greece. All makes for tricky range trading & more risk than one should expose their capital to IMO.
  • #326,815
  • Nov 16, 2010 8:42am Nov 16, 2010 8:42am
Good day to you,

Bias towards a sustained move higher starting in coming days. 4hr chart still shows downward pressure, so does hourly - will wait for a change here and time entry accordingly. Entry may not be at this level - but lower/higher. I have resistance zone on 4hr sitting @ 1.3586 - 1.3560. Watching this level closely.

May target 1.40xx.

Wish you all success
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  • #326,816
  • Nov 16, 2010 8:47am Nov 16, 2010 8:47am
Thankyou for the replies i have read the wiki page and understand why this is beiing defended roll on 1501 london lol
making green pips large and red pips small this is my goal.
  • #326,817
  • Nov 16, 2010 8:52am Nov 16, 2010 8:52am
Quoting PayTheLimit
spreads 556, high of the day 559, low 536....15min delay
562 up 22bps high of the day for anyone interested....
Look Sharp/Trade Tight
  • #326,818
  • Nov 16, 2010 8:52am Nov 16, 2010 8:52am
i am watching out for the 10am 1030 reversal on the es... that will move the euro hopefully
  • #326,819
  • Nov 16, 2010 8:55am Nov 16, 2010 8:55am
Little volatile this morning isn't it.

Anyone still have their eyes on 3680? I do...
  • #326,820
  • Nov 16, 2010 8:56am Nov 16, 2010 8:56am
Looks like it will happen before in the pair. Right on the edge of cliff and I think this time all intraday bulls are death. Below 1.357x is selloff in my book.

We'll see

sisse

Quoting Pipwanderer
i am watching out for the 10am 1030 reversal on the es... that will move the euro hopefully
Pending conversations? PM for a chat...I am mainly in OTM now
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