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  • #336,961
  • Dec 1, 2010 11:45am Dec 1, 2010 11:45am
Didn't want to mention names - would only open up another bunch of unnecessary posts. I also don't mean to insult anyone personally - just hope this thread can become more beneficial for traders, new and experienced - not ego seekers.


Quoting Scullmeister
Good call mate, I agree with you and I bet I can guess who you are referring to or one of them at least. There is a lot of arrogance on here, always has been. I very rarely post
on here, I just peruse to pass the time whilst I'm looking for set ups. Good luck with
Your trading.
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #336,962
  • Dec 1, 2010 11:45am Dec 1, 2010 11:45am
Higher pivots on the 1hr... QP (3184) and xx80 psych level seem to have done their thang... for the time being.

Attached Image
FUBAR...
  • #336,963
  • Dec 1, 2010 11:45am Dec 1, 2010 11:45am
Quoting SugarTrade
12:00p
Fed transactions from Dec. 07 to July 21, 2010
12:00p
Fed releases data on 21,000 transactions
12:00p
Fed reveals 21,000 bank, money market relief deals
12:00p
GM reports 11% rise in Nov. U.S. car sales
12:00p
Fed release forced by Dodd-Frank Act
12:00p
Fed data on 11 different programs
12:00p
Fed transactions from Dec. 07 to July 21, 2010

Lot of crap came out at 12, really doubt this has anything to do with Volcker's comments. I was eyeing a long at 1.3055 and took a shower instead, bummer!
just as somebody before mentioned...probably algo's where buying this up as some ideal setups were created @ futures + news and maybe other variables + of course the stops
  • #336,964
  • Dec 1, 2010 11:45am Dec 1, 2010 11:45am
Quoting mfoste1
here blame it on this piece of shit.....

http://www.bloomberg.com/news/2010-1...-declines.html
that was over 14 hours ago.
those who can, do. those who cant, talk about those who can
  • #336,965
  • Dec 1, 2010 11:45am Dec 1, 2010 11:45am
now the bearish have much more fear than bullish. the price maybe not go short too much until the next day .
A chart helps those who can read it.
  • #336,966
  • Dec 1, 2010 11:46am Dec 1, 2010 11:46am
Quoting aiyoyo
I thought we knew it all along?
Digging up some stuff on Volcker .....

Attached Image

Attached Image
  • #336,967
  • Dec 1, 2010 11:47am Dec 1, 2010 11:47am
Quoting PriceVolume
Yep. I'm still on the sidelines until the 4H turns. When Sky shows up, it will be about time to add.
damn.. i shoulda waited.
those who can, do. those who cant, talk about those who can
  • #336,968
  • Dec 1, 2010 11:48am Dec 1, 2010 11:48am
23:50 gmt - japan is going to release some data - positive ones
  • #336,969
  • Dec 1, 2010 11:48am Dec 1, 2010 11:48am
Quoting teemo
Didn't want to mention names - would only open up another bunch of unnecessary posts. I also don't mean to insult anyone personally - just hope this thread can become more beneficial for traders, new and experienced - not ego seekers.
Trade the price action, not the cash!!!
  • #336,970
  • Dec 1, 2010 11:50am Dec 1, 2010 11:50am
Quoting gatorinla
that was over 14 hours ago.

oh i didnt see it
  • #336,971
  • Dec 1, 2010 11:51am Dec 1, 2010 11:51am
Quoting ak4x
This time of year CAN be perplexing in the best of times, and given the funnymentals on the table at any given time lately...


Still, Price cannot hide forever. It has to come out and feed sometime.

Some things to ponder on the 6 hr... But I'm spectating as well TFN unless I bump my head on some very ripe low hanging fruit...

Attachment
Agreed. As I posted earlier, I think we're still waiting for things to align for the next leg down. Until then, we'll likely see a ramp job / ranging. This is, of course, assuming the trend does not break.
  • #336,972
  • Dec 1, 2010 11:51am Dec 1, 2010 11:51am
Let me post this chart before the spike .
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 27 KB
  • #336,973
  • Dec 1, 2010 11:52am Dec 1, 2010 11:52am
Has anybody else noticed that UCHF is back to where it was prior to the spike? That makes me think that this is just a fake and that we may be heading down again.
  • #336,974
  • Dec 1, 2010 11:53am Dec 1, 2010 11:53am
Quoting Clouds
Digging up some stuff on Volcker .....

Attachment
Attachment
look at the news, he didn't wrong, he didn't say it is impossible...
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #336,975
  • Dec 1, 2010 11:53am Dec 1, 2010 11:53am
Hi,
What i know is that we must see yhe overall tendency of the currency in a long term mode.
This spike up doesn't make me affraid of it, because the down movement still there.
From my experience this could not go lower right now but the next days will show us that down is the movement.
My advice is not leverage to much your accounts and be pacciente, cause you will be recompensate at the end of the journey.
The 1.26 and the 1.24 are very important values to be in mint cause they were the support of this huge movement up to the 1.42.
Why not test again these ones to go up again.
That's why i think this is a fake movement up, just to catch the stop loss ones and than keep going down. Market like do this.
My 2 cents.
Good luck for all.
I'm waiting for lower values cause my account has space to do it.
  • #336,976
  • Dec 1, 2010 11:54am Dec 1, 2010 11:54am
I'm pretty sure this will resume downward trend soon... this was just a news spike, I don't see it as a "bull run" but we will wait and see.
  • #336,977
  • Dec 1, 2010 11:55am Dec 1, 2010 11:55am
Quoting moonchild
Has anybody else noticed that UCHF is back to where it was prior to the spike? That makes me think that this is just a fake and that we may be heading down again.

Yep. It's a fake spike. Just look @ it. After we hit 1.3182 we quickly moved backed down. We will come back to 1.29 area before the week is over.
Prices are never too high to begin buying or too low to begin selling.
  • #336,978
  • Dec 1, 2010 11:57am Dec 1, 2010 11:57am
Quoting T@rantula
Thats why scaling out is a MUST.
Ha ha ... I had to look in my online dictonary for this word ...

hmm ... still do not know what you meant with this ...

but possibly this word describes my kind of trading all day long ...

as I use to sell in such spikes ... with decadic logarithm ... scaling in staples ... every next higher level been reached then minimum 10 times larger position in sell modus ... than before ...

same method I use when it retraces then ... I sell in scaled staples then again below my BE levels ...

this way enables every few minutes a staple of orders being triggered ... and nearly always being in the green winning zone by that procedures ...

of course ... it is imposible to trade this way with a standart Java-Platform ... as ugly Java-Platforms are not fast enough ... and not precise enough working ...

scale selling this ... and scale covering again ...

never would go with a service with silly restrictions ... never would go with US finance services ... they are all not convenient ... and I was with some larger ones ... more than a decade ago ... but they all were lousy ... not competitive ... there are far better services on planet earth ... only the asian ones are more unsufficiant ...

nerver trade with asian finance services unless you know them very well ... there are only very few ones that are good in asia ...


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  • #336,979
  • Dec 1, 2010 11:59am Dec 1, 2010 11:59am
went long last night, just woke up late ... but looks like it is time to go short!
  • #336,980
  • Dec 1, 2010 11:59am Dec 1, 2010 11:59am
This is just a spike....bearish is still the main trend
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