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  • #351,281
  • Dec 23, 2010 11:03am Dec 23, 2010 11:03am
Quoting cloggie
Just let the dust settle, so far the HFT's have not taken the bait dangled out there by the SNB. We are back at the decider 3092. Nobody here knows whether the SNB book was transferred to NY and with what instructions. Let the hourly close and see what NY thinks of this.

Someone is taking the bait.
  • #351,282
  • Dec 23, 2010 11:04am Dec 23, 2010 11:04am
Quoting malcolmb14
wtf are you talking about . ES has been in a 2 point range all day

plus if you really knew what you are talking about you would know the correlation es to eu has gone , non existent.

the spike was due to rumours of swiss bank intervening in chf , and you were lucky. an up move was evident yes... 30 pip 40 pip maybe but 70 in 5 min is pure luck
check out 15 min on the ES it opened low spike up and down besides that is just a secondary tool more likely a tertiary...who cares about it
  • #351,283
  • Dec 23, 2010 11:05am Dec 23, 2010 11:05am
Quoting Forexpro30
Anyone not aware of it before now knows. BE CAREFUL EVERY DAY between 11:00 AM and NOON EST.
I've noticed that trend, but gave the effects a longer timeframe. However, it hasn't been as predictible the last couple of weeks.
I'm also cautious 3-4PM EST due to NY close.

I'm not a professional trader and don't claim to be one, but from reading some stuff from several of the guys who battle it out in the pits, they show up in the morning flat, trade all day, and then go home flat. While professional traders may pick different times to scale into the markets, they tend to scale out in a smallish time window.



I'm also noticing the slow rise in Asian markets every night lately, but don't expect that to be a longer term trend ... I chalk that up to holiday trading.

The above only refers to EURUSD, as I don't have the skills to watch more than one currency at the moment.
  • #351,284
  • Dec 23, 2010 11:06am Dec 23, 2010 11:06am
After the move of SNB (?), it looks like real "Balagan" now..
I stay out, waiting for a more quite and clear trends or some better analysis with clear support and resistance

Peace and Merry Christmas for all of you
  • #351,285
  • Dec 23, 2010 11:08am Dec 23, 2010 11:08am
Quoting cloggie
Just let the dust settle, so far the HFT's have not taken the bait dangled out there by the SNB. We are back at the decider 3092. Nobody here knows whether the SNB book was transferred to NY and with what instructions. Let the hourly close and see what NY thinks of this.
Cloggie, can you post your trade details here once you take them?
  • #351,286
  • Dec 23, 2010 11:09am Dec 23, 2010 11:09am
Quoting cloggie
Come on don't BS, nobody saw the spike coming to 3140.
obviously more of like a retrace not a 70 pip spike. and plus it was just the time of the day

i use volume, that is my system...i am not here to prove anything. i will forever learn till death sir.

thanks.
  • #351,287
  • Dec 23, 2010 11:10am Dec 23, 2010 11:10am
Quoting gatorinla
Fitch is gonna downgrade France also.. the key is when?
My take on this is theres no down side so they had spike it up to make money off the announcement .
information is power .
making green pips large and red pips small this is my goal.
  • #351,288
  • Dec 23, 2010 11:11am Dec 23, 2010 11:11am
Quoting mercy seat
Haa ...

RECAP TIME :

Longs entered at 1.3082 (during early Asian until European) for an immediate move towards 1.3135 - 1.3142 (minimum) at first ... cross of above 1.3152 - 1.3161 (intraday resistance zone) could lead us towards 1.3191 - 1.3227 then ...

Depends on upside potential tomorrow ... if we will see one more downside move attempts again ... 1.3055 - 1.3032 is level to keep in mind ...

As long as not crossed...


http://cdn.forexfactory.com/images/attach/png.gif 2010-12-23_18h02_ EURUSD _ min015 _ 1100 x 800 (Candle).PNG (30.6 KB)

And we posted this more than 19 hours ago ...

More than content with the day ...

Close the books ... und tschüss ...


;-)
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-12-23_18h02_ EURUSD _ min015 _ 1100 x 800 (Candle).PNG Size: 31 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #351,289
  • Dec 23, 2010 11:11am Dec 23, 2010 11:11am
Portugal Downgraded By Fitch

http://www.cnbc.com/id/40794867
  • #351,290
  • Dec 23, 2010 11:15am Dec 23, 2010 11:15am
Quoting Ovidius
Cloggie, can you post your trade details here once you take them?
I don't know if FF will post this because I am new here. But after reading this forum for a year or so, I would like to point out to everyone that you have a great asset here in Cloggie. Everyone always asks him to give the exact details of his trades. While I understand that we all want to learn, what we need to realise is that he gives us a TON of information and excellent advice. If he gave you every grimy detail, he would actually hurt you more than he would help you, because in the end, it is only profitable if you figure it out for yourself. Take what he gives you and reverse engineer what you can and figure it out. He undoubtedly start a website and sell his trading techniques for thousands of dollars and people would pay because they are trying to get rich without doing the work. Take it from someone who knows.... the journey is more than half the battle. Enjoy it!
  • #351,291
  • Dec 23, 2010 11:18am Dec 23, 2010 11:18am
Quoting Martingale
adding longs..
Weeeell yes... Someone actually saw it coming analysing volumes. Been shouting that the whole day
  • #351,292
  • Dec 23, 2010 11:21am Dec 23, 2010 11:21am
Quoting paul1
My take on this is theres no down side so they had spike it up to make money off the announcement .
information is power .
it was gonna spike some anyways.. 3096 was a 90% chance (because of formation).. we were sitting on a major tl (and a p fib)and most indis were over sold on the 1 hr.. we had doji's with a green one closed before the news. all this means up..together its close to a sure thing. #351193
those who can, do. those who cant, talk about those who can
  • #351,293
  • Dec 23, 2010 11:21am Dec 23, 2010 11:21am
Quoting Forexpro30
Happy Holidays my Friend. I have enjoyed communicating with you.
Thankyou buddy I'am aware of closing trades hence my exit of my short but still didnt expect such big move recently the closing trades have not seemed to materialise so didnt actually trade it long .
unlucky for me i had a pending order short at 3115 which i intended to add this morning to my position it didnt get hit this morning but that spike triggered it luckily though before i realise it had been triggered it came down and i got 10 pips.pure luck .
Thankyou again for your posts bud.
making green pips large and red pips small this is my goal.
  • #351,294
  • Dec 23, 2010 11:21am Dec 23, 2010 11:21am
Quoting Martingale
strong euro buyers in the last hour...
This was from 4 hrs ago
  • #351,295
  • Dec 23, 2010 11:22am Dec 23, 2010 11:22am
Quoting apt
Yeah, but you don't need to get mad.

Trust me, I am new and I have spent the last 30 days here listening to peoples advice, and almost everyone I've listened to and believed they're Jesus Christ, has put me in the red.

Everyone has their own trading style.

And I can see where his has worked, a lot of times market ranges to hit my SL, and it ends up going to my bias.

He has his reasons, let him have them.

If he tells you don't set an SL, note his advice, see if you can apply it to your trading plan, if you think it's absolutely retarded,...
If you want sound advice on trading go over all of cloggies posts here and in the gu thread for the last 4 months and read this pdf someone here posted awhile back.
Attached File(s)
File Type: pdf BRV_S+R_Trading_210808.pdf   879 KB | 264 downloads
  • #351,296
  • Dec 23, 2010 11:22am Dec 23, 2010 11:22am
Quoting cloggie
Someone is taking the bait.

Dangle a carrot and the HFT's can't ignore it, models follow the rules.
  • #351,297
  • Dec 23, 2010 11:23am Dec 23, 2010 11:23am
Quoting iflyjetzzz
... glad to hear your assessment of Snatch. I measured her up as a pretty good trader also.

I've been pretty successful since reentering FOREX on 9 Nov but I break a huge cardinal rule here. I don't use stop losses. I know it's heresy, but I just don't like them. If I get caught on a random pop, I want to exit on the retrace. A stop loss doesn't allow you to do that. This strategy costs me money at times and saves me money other times.
And yes, I've had plenty of trades that have lost money over the last month and a half.
In all fairness, running a stoploss is a rarity for myself, but then again, I typically don't leave trades unattended.

They are a feature of trading, not mandatory.

We all will find a set of rules that we choose to follow and where we find success...again, the end point is the same, even if the path deviates.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #351,298
  • Dec 23, 2010 11:24am Dec 23, 2010 11:24am
spike provocative /false or what it is still a bear set up but may take bull next yet ,pa now .
expecting 3075 before bull try , but by this time price may go at the top of the spike as to cover the wick to have the good shape wave before down .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #351,299
  • Dec 23, 2010 11:26am Dec 23, 2010 11:26am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting mdiz2
If you want sound advice on trading go over all of cloggies posts here and in the gu thread for the last 4 months and read this pdf someone here posted awhile back.
Thanks! I will def read it.

Yeah, I don't want to hail praise to anyone, but a lot of cloggie's posts have been pretty good.
  • #351,300
  • Dec 23, 2010 11:27am Dec 23, 2010 11:27am
Quoting iflyjetzzz
I've noticed that trend, but gave the effects a longer timeframe. However, it hasn't been as predictible the last couple of weeks.
I'm also cautious 3-4PM EST due to NY close.

I'm not a professional trader and don't claim to be one, but from reading some stuff from several of the guys who battle it out in the pits, they show up in the morning flat, trade all day, and then go home flat. While professional traders may pick different times to scale into the markets, they tend to scale out in a smallish time window.



I'm also noticing the slow...
Find a pattern that keeps repeating and understand what factors probably make it happen. Then use that KNOWLEDGE to prepare your Trade Plan surely using the Technicals for Entry and Exit.

I usually stop trading 100% near 6:00 PM EST taking my fun time and supper time and then watch Japan come on board.

Watch the period between 7:00 PM and 10:00 PM and then just forget about trading until about 2:00 AM to 4:00 AM

I am happy when EUR/USD runs up so near 3:00 AM I can JOIN in with the POWER BROKERS and join their game cleaning up things and setting the tone.

Forex is a business of buying and selling money and it is a trading business. You need to know these things and for the Game part get with the Winning Side.

A Trade Plan is KEY

Where do you enter and why ? Where do you exit and Why ?

Part of a Trade Plan is NOT TOO TRADE. I have not traded in over 8:00 hours as staying out of the markets keeps me calm and relaxed and I can plan and think without stress. You are on the right track. Keep observing, learning and Trade Wisely using Risk Management.
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