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EURUSD

  • #330,221
  • Nov 22, 2010 8:40am Nov 22, 2010 8:40am
gold seemed to have found some buyers....
  • #330,222
  • Nov 22, 2010 8:41am Nov 22, 2010 8:41am
Quoting realdestina
Now, i'm understand regarding MM system... very2 powerful...thanks Gatorinla
3429=3439
those who can, do. those who cant, talk about those who can
  • #330,223
  • Nov 22, 2010 8:42am Nov 22, 2010 8:42am
Quoting malcolmb14
oh nice shot arsehole...lol

you never been wrong before ? I guess not
You only need to be right 50% of the time.
  • #330,224
  • Nov 22, 2010 8:42am Nov 22, 2010 8:42am
Quoting cloggie
... Fixed income will drive this for a while. ..
US Bond traders need to think about those 2Y, 5Y, 7Y auctions this week, so this may compress the upside we're seeing on bond mkts during the European session and this first hour since the open; this could help equities a bit.
  • #330,225
  • Nov 22, 2010 8:43am Nov 22, 2010 8:43am
irish spreads on the highs of the day, 545...up 3bp....
Look Sharp/Trade Tight
  • #330,226
  • Nov 22, 2010 8:43am Nov 22, 2010 8:43am
1h and 4h kind of convincing me of bears are still in play However M1, M5, M15 all look like consolidation.
Know when to hold em, Know when to fold em!
  • #330,227
  • Nov 22, 2010 8:44am Nov 22, 2010 8:44am
Quoting KennyZ
Buying dips and selling tops are best trades there are.. It's almost a "Holly Grail" The problem is identifying them. It's best to be left to veeeeeeeery experienced traders with deep pockets. This is the one of the most common mistakes new traders make.
The key issue is typically a misread of head fakes, dead cats, and the like.

That is usually enough to get the trader stopped out or freaked out - CLOSE - and then the trend continues in the direction you originally thought. Or they buy/sell into a seeming reversal only to watch as momentum wanes and the trend continues back the way it came.

Trading a chart is a two dimensional mindset with price action and time. If you don't learn/consider the PA OVER TIME, regardless of what an indicator may be telling you, you'll loose.

Momentum of price is the best method to determine price over time, but also the toughest to master.
Capital Preservation is key to long term wealth accumulation
  • #330,228
  • Nov 22, 2010 8:44am Nov 22, 2010 8:44am
Quoting goods
Ok Riddle me this VSA experts, I have another question. Is it common to identify the buying to push back up to a sweetspot for a pullback (you know close positions short covering what have you) to sell again at a higher price? So this meaning we reach 3616, right? we saw the Buying or short covering on VSA. Now my question is price has been declining since failure of 3700, 3600 being tested, is it possible they did this just to push it back to the 3650 level just load up on shorts again?
Anyone?
Know when to hold em, Know when to fold em!
  • #330,229
  • Nov 22, 2010 8:44am Nov 22, 2010 8:44am
Quoting gatorinla
3429=3439
this target maybe candle can go down tomorrow.. but today i think can stop to range around 1.3600-550... let see..
MM system the best..
  • #330,230
  • Nov 22, 2010 8:45am Nov 22, 2010 8:45am
Yes, coming up again after Irish government start collapsing like a domino earlier than the banks... Let see.

sisse

Quoting PayTheLimit
irish spreads on the highs of the day, 545...up 3bp....
Pending conversations? PM for a chat...I am mainly in OTM now
  • #330,231
  • Nov 22, 2010 8:48am Nov 22, 2010 8:48am
greek 10yr spreads up almost 30bp, at 916, from an early 882/884, greek banking index down around 5%, on the lows of the year...
Look Sharp/Trade Tight
  • #330,232
  • Nov 22, 2010 8:48am Nov 22, 2010 8:48am
Quoting KennyZ
Buying dips and selling tops are best trades there are.. It's almost a "Holly Grail" The problem is identifying them. It's best to be left to veeeeeeeery experienced traders with deep pockets. This is the one of the most common mistakes new traders make.
Just use Zig Zag indicator.
  • #330,233
  • Nov 22, 2010 8:49am Nov 22, 2010 8:49am
Quoting qwertymyfx
Just use Zig Zag indicator.

No indicator is going to tell you where the tops and bottoms are.
  • #330,234
  • Nov 22, 2010 8:49am Nov 22, 2010 8:49am
Quoting goods
Anyone?
No expert here, but possibly.
  • #330,235
  • Nov 22, 2010 8:49am Nov 22, 2010 8:49am
Quoting paulg
US Bond traders need to think about those 2Y, 5Y, 7Y auctions this week, so this may compress the upside we're seeing on bond mkts during the European session and this first hour since the open; this could help equities a bit.
Its important to know a little about the fundi's but dwelling on them too much can create a bias. Having a bias "can" be a bad thing as it paralyzes your thinking. The mkt moves in waves, just go with the waves and simply be aware of the fundi's. Unless of course you are a fundi guru which I am not..lol
  • #330,236
  • Nov 22, 2010 8:50am Nov 22, 2010 8:50am
Quoting cloggie
No indicator is going to tell you where the tops and bottoms are.
Come on man, zig zag indicator is a classic!
  • #330,237
  • Nov 22, 2010 8:50am Nov 22, 2010 8:50am
Quoting PipChick
Its important to know a little about the fundi's but dwelling on them too much can create a bias. Having a bias "can" be a bad thing as it paralyzes your thinking. The mkt moves in waves, just go with the waves and simply be aware of the fundi's. Unless of course you are a fundi guru which I am not..lol

PG is a fixed income guy, that is how he approaches the market, not a bad starting point really.
  • #330,238
  • Nov 22, 2010 8:51am Nov 22, 2010 8:51am
Quoting PipChick
You only need to be right 50% of the time.
Assuming RRR of 1:1, it's not enough, due to spread/commission.
  • #330,239
  • Nov 22, 2010 8:52am Nov 22, 2010 8:52am
Quoting PipChick
Its important to know a little about the fundi's but dwelling on them too much can create a bias. Having a bias "can" be a bad thing as it paralyzes your thinking. The mkt moves in waves, just go with the waves and simply be aware of the fundi's. Unless of course you are a fundi guru which I am not..lol
Well, I know something about fixed income mentality and I can assure you that they usually approach auctions with a certain 'bias' .
  • #330,240
  • Nov 22, 2010 8:53am Nov 22, 2010 8:53am
Quoting qwertymyfx
Assuming RRR of 1:1, it's not enough, due to spread/commission.
who wants to be BE < profit ?! ^^
Hero calls followed by margin calls...
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