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  • #333,761
  • Nov 26, 2010 5:27pm Nov 26, 2010 5:27pm
MACD new crossing alert signal start from 10:00 GMT today Nov 26th 2010
http://preview.shareapic.net/preview7/023959561.gif
Other indicator (CCI, Momentum, Ichimoku, THV3 HA) are match the signal.
I place another "Short" position. Now is still pending.

CCI
Althought the CCI had reach 0.00 yesterday nov 25 18:00 GMT, the thv Coral is downtrend, and the momentum didn't reach 100. Therefore, I didn't place any trade on Nov 25 yesterday.
Today the CCI is -122
http://img1.imagehyper.com/t/0/0/282...2-194c3182.gif

Momentum:
Actually the Momentum is reach 99.60 yesterday. I was thinking to place a "Long" position on that trade. However, I plan to stick my rule on Momentum (over 100).
http://img30.imageporter.com/i/00157/pvvp9w0p8ldt_t.jpg

see ya next week
{Promotion Removed}
  • #333,762
  • Edited 11:19pm Nov 26, 2010 5:37pm | Edited 11:19pm
Cloggie,

I agree with your statement below and I currently use MT4 for charting but orders into GFT Dealbook360. Not completely happy with GFT either. I'm looking for a better US broker for trading forex (maybe MB Trading) but also may do it through Tradestation. I am planning to move over to Tradestation for trading Futures soon but wanted to know the following:

What broker do you use for trading Forex?

What platform you use for putting orders into market?

What type of orders you use so that you can get 10 orders in before MT4 can get 1 in.

Also, GFT is planning to offer MT4 soon and I don't like that.

Thanks for you time

Quoting cloggie
I don't think you could find a platform with more latency build in then MT4. It is fun to use for charts and visual aids, but as an order platform it is the slowest and worst available out there. I can get 10 trades opened and running before your MT4 request is even received by the server.

Do some latency testing on different platforms and you will soon find out what I mean.
  • #333,763
  • Nov 26, 2010 11:07pm Nov 26, 2010 11:07pm
Quoting druckenmillr
how many accumulation phases does this strategy have prior to a margin call?

stan
Only one is enough for a margin call when try double by few hour or a day if only fail if not know anything about trading , otherwise hundreds of such phases even all fails ( impossible for even any new born baby striking the keyboard with heels though if only can identify any accumulation ) will not get it.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #333,764
  • Nov 26, 2010 11:37pm Nov 26, 2010 11:37pm
Inserted Video
#!
"If The Fool persists in his Folly he will become wise." - William Blake
  • #333,765
  • Nov 27, 2010 2:36am Nov 27, 2010 2:36am
eu weekly chart
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  • #333,766
  • Nov 27, 2010 8:21am Nov 27, 2010 8:21am
Quoting harigp
eu weekly chart
doesn't look promising at all for this pair.
I SEE YOU !!
  • #333,767
  • Edited 9:34am Nov 27, 2010 9:17am | Edited 9:34am
Things are still not rosy in Eire.

Fitch downgrades AIB and BOI lower and upper tier debt:

Here

AIB continues to lose deposits rapidly, down 12Bn since June. Their LDR must be nearing 300 by now.

Here

Now they are working this weekend on a deal to be announced tomorrow at 1600 GMT. If they can't work out a deal, Eire may be forced to default on some of its debt next week, and the EU can't have that happening.

Ireland is still playing hardball, but they are losing control of their banks at a rapid rate. IMF is offering 3%, EU is offering 5.5% (guess the EU wants to make a profit out of the deal, Greece's rate was 5%). That would mean 5Bn+ a year in interest alone for Eire, hmmmmm

Here

All the PIIGS are now hovering at 8%, that is the line in the sand, at which point refinancing does not cover existing debt.

Anyone still a dollar bear?

You can see the attention in the mainstream media, it is slowly focusing on Spain now, that will be the turt in the punchbowl.

Here
Couple that with the technicals, the largest monthly bearish engulfing since inception and Skyzer will be AWOL from this thread for some time to come.

Of course, none of this is tradeable unless you are a position trader, but it is food for thought.

As I said in the beginning of last week, keep an eye on the FI boys, they are driving this one; in a 1,000 ton truck with the throttle stuck wide open.
  • #333,768
  • Nov 27, 2010 9:30am Nov 27, 2010 9:30am
Inserted Video


oooh! Old but everything is pointing to alot of money to be made
@pawpaw1000 on Twitter
  • #333,769
  • Nov 27, 2010 10:00am Nov 27, 2010 10:00am
Also been trading the crazy 20 point range days in ES . This kind of volatility often signals market tops and bottoms.

The dax and dj are still flying high , but of the crazy pa in es this week indicates a down move to 1150 / 1126 then eu , gu etc moves will only accelerate. There has been some no demand on ES and weakness in the 1220 area , but for now seems 1175 being defended hard.

Quoting cloggie
Things are still not rosy in Eire.

Fitch downgrades AIB and BOI lower and upper tier debt:

Here

AIB continues to lose deposits rapidly, down 12Bn since June. Their LDR must be nearing 300 by now.

Here

Now they are working this weekend on a deal to be announced tomorrow at 1600 GMT. If they can't work out a deal, Eire may...
Blogging daily now at www.volume.zone
  • #333,770
  • Edited 10:27am Nov 27, 2010 10:16am | Edited 10:27am
Just sit to see what happened to this pair .

As 3334 & even this weekly tl broke without any reaction thought ealier first those prides ,they can be neglected whatsover bear stop here or next low.

just checking this now from lower tf considering minute movements , no great bounce absolutely yet seeing , another leg down possible after the pullback or one 4th wave to around 3286 prefered without overlapping here -3315 at best to start end 5th down around 3150-3055, 3055 best stop as no strong support nearby perhaps .If this movement come first then next good bounce as wave 2 up or any other wave may develop more than that all up.


now some retracement to 3286-3315 ok for any case , break above it by chance & hold anyway may take count wrong ,already 5th ended & retrace good up as thought eariler ( friday ) with weekly tl break , confirmation 3350 , 3386 & 3500 last to continue more up .

Lets see actually what next .
thanks , fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #333,771
  • Nov 27, 2010 10:24am Nov 27, 2010 10:24am
Inserted Video
@pawpaw1000 on Twitter
  • #333,772
  • Nov 27, 2010 10:42am Nov 27, 2010 10:42am
the overall direction is down. daily chart shows no demand yet, not even a test of demand.
there's some accumulation going on on smaller tf (i.e., h1), and although it doesn't seem to be significant to change the current trend, a retrace may be possible to 1.3490 this week IF 1.3280 area makes way.
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Nihil Sine Deo.
  • #333,773
  • Nov 27, 2010 10:44am Nov 27, 2010 10:44am
Tensions high ahead of US/South Korean exercises

hmm...
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #333,774
  • Nov 27, 2010 10:55am Nov 27, 2010 10:55am
Quoting aiyoyo
Tensions high ahead of US/South Korean exercises

hmm...
bad for risk....
  • #333,775
  • Nov 27, 2010 11:00am Nov 27, 2010 11:00am
Quoting mfoste1
bad for risk....
So Korea and Ireland two deadly weapon ready for new week
A lot will lose and A lot will win
Take care
  • #333,776
  • Nov 27, 2010 11:28am Nov 27, 2010 11:28am
shit happens. charts don't lie. . if we don't bounce at 3189 area level. You can kiss it good bye. i will add more shorts at bounce. i figure the bounce will be a level on the yellow chart. i got different targets from different charts. they all still may be correct because of tf.
the next level below 3189 is 2749. its a upper mofu. a mofu is the Bermuda triangle in trading. we will never leave it without momentum below 1869 level. to do this we need long monthly candles.
the old .858 2008 ass chart targets many levels but the fib extension using it, targets 0.68199 . my target of 0.858 has been posted about 12 months. i had the chart longer. i figure the 2008 lower move was interrupted, but we never left the respect of the levels. most levels on chart are within 10 pips.

i still hold my shorts.. if we bounce or not is not known atm or how high. but don't lose your account holding a over-leveraged short on the bounce. this is where most fu. its not time for greed. let it bounce if it appears it wants to. you can always add later. st target of 29xx posted is still valid.
during bounce you will read a lot of bull talk here. by the time that happens look for weakness. at the yellow levels.

good luck
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those who can, do. those who cant, talk about those who can
  • #333,777
  • Nov 27, 2010 11:41am Nov 27, 2010 11:41am
Most of the senior traders on this thread are having bearish sentiment but my view for the coming week is that EU should not go below 3125 before revisiting 3700 level.Breach of 3700 would certainly doubt the current bearish move.price is at very crucial level atm.so far i have enjoyed the bearish ride but here is some encouragement for my fellow bullish traders

-EU denies Portugal in line for aid package.http://www.bbc.co.uk/news/business-11845046

-Ireland is in the final stages of negotiating an international bailout for its banks before markets open on Monday as workers march to protest budget cuts.
http://www.bloomberg.com/news/2010-1...t-concern.html
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OPPORTUNITY LIES WHERE THE MAJORITY IS AFRAID TO GO....
  • #333,778
  • Nov 27, 2010 11:45am Nov 27, 2010 11:45am
Quoting pawpaw1000
http://www.youtube.com/watch?v=w2ROoN3Eckg

oooh! Old but everything is pointing to alot of money to be made
*LMFAO* who would of think this in 2006? They could pave their streets in gold if they were out the ez.. They could hoard euros and usd's. with their own currency. they could be a international travel hub and increase tourism X many with their own currency. They could siphon air travelers from other European countries with a much cheaper advantage. their hotels and restaurants would be full. problems solved.. if they stay they will stagnate. infrastructure will deteriorate. standards of livings will fall. they should default and start at 0 debt. and print their own money.
those who can, do. those who cant, talk about those who can
  • #333,779
  • Nov 27, 2010 11:48am Nov 27, 2010 11:48am
Quoting roxen99
Most of the senior traders on this thread are having bearish sentiment but my view for the coming week is that EU should not go below 3125 before revisiting 3700 level.Breach of 3700 would certainly doubt the current bearish move.price is at very crucial level atm.so far i have enjoyed the bearish ride but here is some encouragement for my fellow bullish traders

-EU denies Portugal in line for aid package.http://www.bbc.co.uk/news/business-11845046

-Ireland is in the final stages of negotiating an international bailout for its banks...
well if you enjoyed the ride as you say. i have yet to see you post anything other then bullish statements for the last 1000 pips. quit reading and look at your chart. the news you post about bailout just seals the deal for a ez failure. if they dont fail then they print. either way its lower. think about what it means to do either? don't get caught up in the media who get their source of income from the banks advertising on that media.
those who can, do. those who cant, talk about those who can
  • #333,780
  • Nov 27, 2010 11:53am Nov 27, 2010 11:53am
Quoting roxen99
Most of the senior traders on this thread are having bearish sentiment but my view for the coming week is that EU should not go below 3125 before revisiting 3700 level.Breach of 3700 would certainly doubt the current bearish move.price is at very crucial level atm.so far i have enjoyed the bearish ride but here is some encouragement for my fellow bullish traders

[b]-EU denies Portugal in line for aid package.http://www.bbc.co.uk/news/business-11845046

-Ireland is in the final stages of negotiating an international bailout for its...

this is all negative man....gator said it, ill say it again, look at ur chart its in there....pull up all time fibonacci levels

my charts are telling me that we may never reach 13768 again....or at least for a long, long time....that is if the eurozone can survive which atm, prospects look dim.
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