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  • #359,561
  • Jan 6, 2011 5:51am Jan 6, 2011 5:51am
Quoting tonyo524
I'm going to counter trend here. Buy order pending @3085. 50 pip sl 3187 tp. Top of 1 hour bollinger. Holding pending sell at 3200
Hero calls followed by margin calls...
  • #359,562
  • Jan 6, 2011 5:51am Jan 6, 2011 5:51am
Quoting AllyB
Hi Kill - just checking to see if you got this worked out? If so, could you post it again?

Thanks in advance!

open the indi

change broker stander time zone to u broker time mine is 2GMT
  • #359,563
  • Jan 6, 2011 5:52am Jan 6, 2011 5:52am
reasons to be careful of any more shorts... just wait till it breaks below 3000 and sell in the last bottom red eclipse...

good luck
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  • #359,564
  • Jan 6, 2011 5:53am Jan 6, 2011 5:53am
Quoting PhAnTi'
I'm up 330 pips for the week if that's what you're asking.
All that is left in FF is just plain garbage. "Cloggie"
  • #359,565
  • Jan 6, 2011 5:56am Jan 6, 2011 5:56am
Quoting tonyo524
I'm going to counter trend here. Buy order pending @3085. 50 pip sl 3187 tp. Top of 1 hour bollinger. Holding pending sell at 3200
gl getting filled - it's missed my pending buy 3x now and the bottom "appears" to be set in some kind of gooey cement mixture atm. And 7:AM is coming...
  • #359,566
  • Jan 6, 2011 5:58am Jan 6, 2011 5:58am
Quoting Martingale
but but but... what about the trendline here? not a big topic?
Good question !

By the way, thanks Martingale for your info regarding "thinkorswim" application, (which seems powerful but quite complex to use).
  • #359,567
  • Jan 6, 2011 6:01am Jan 6, 2011 6:01am
i guess nothing will happend until the news..1.30h
  • #359,568
  • Jan 6, 2011 6:02am Jan 6, 2011 6:02am
Quoting style2fx
Good question !

By the way, thanks Martingale for your info regarding "thinkorswim" application, (which seems powerful but quite complex to use).
no problem man! the indicator (study) we were discusing yesterday is called VolumeProfile. set the price per row at "tick size" in the configuration!

Let me know if you have any question about it! the euro future is called /6E and what you can observe are REAL volumes (not illusory)! you can find quite a lot of info on youtube as well on how to study volumes.
  • #359,569
  • Jan 6, 2011 6:03am Jan 6, 2011 6:03am
Hi to all the people on the thread. The noobs and the old hands.

I wish you all well for 2011 may it be a healthy and profitable year for all.

One of the old campaigners posted earlier that he lost all his money when he was margin called. This happens more offten than you think, where even experianced traders take a beating. If you are going to trade you need to get a few things 100% or you may be the next sucker to loose all your money in your trading account.

1 Money Management (this is even more important than the system you use)

2 A broker that is reputable and fills your orders.

3 A trading system that works at least 50% of the time.

4 An iron will to stick to your planned system even when it has draw downs.

5 Cut out the noise from people who trade differently to you or you will be second guessing yourself at every trade.

If any of you have questions regarding the points above feel free to private message me (talking here is like peeing into the wind as very few traders trade exactly the same system so they tend to argue more than agree.) I would be happy to help out where I can.

On the subject of the EUR/USD 1.3100 seems a tough nut to crack and if it holds for now we could head back up for a fib retacement of 50% (about 1.3250) from the last high at 1.3400 area. If it breaks I see 1.3000 by tomorrow as the NFP should be good for the USD because holiday jobs will have put a rosy shine on the figures.
Timing is everything
  • #359,570
  • Jan 6, 2011 6:11am Jan 6, 2011 6:11am
Quoting Martingale
but but but... what about the trendline here? not a big topic?
there is a problem with that trendline, it is not mathematically configured (i.e. it doesnt take into account the higher of last november and hence biased); there is a way of doing that, took me a while to pick up;
now check out the second chart which is a 30 min chart, it includes a TL (2nd pink box at bottom) which is configured and not biased... sells below that will catch any big trends, whereas the other is in no mans land, i.e. it can go either way...
good luck
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  • #359,571
  • Jan 6, 2011 6:11am Jan 6, 2011 6:11am
Quoting Mr Hatch
i got 3040.8.

history
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  • #359,572
  • Jan 6, 2011 6:11am Jan 6, 2011 6:11am
update on the volumes' side, although yesterday we saw quite a lot of selling volume (red circle), we can see today big "stopping" buying volume (green circles). if we manage to pass the first (HUGE!!) cluster of resistence (yellow circle on the right) we should be able to proceed to the 1.32ish. However this cluster is REALLY big with peack at 1.3139.
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  • #359,573
  • Jan 6, 2011 6:11am Jan 6, 2011 6:11am
Some experts see a lot of weakness in the E-U - based on eurozone fundamentals, but also T/A - following on down from 1.3400 not long ago.
  • #359,574
  • Jan 6, 2011 6:16am Jan 6, 2011 6:16am
Quoting Martingale
no problem man! the indicator (study) we were discusing yesterday is called VolumeProfile. set the price per row at "tick size" in the configuration!

Let me know if you have any question about it! the euro future is called /6E and what you can observe are REAL volumes (not illusory)! you can find quite a lot of info on youtube as well on how to study volumes.
thanks for that!
  • #359,575
  • Jan 6, 2011 6:17am Jan 6, 2011 6:17am
Quoting BrunargarFx
thanks for that!
sure man no problem. any question just ask!
  • #359,576
  • Jan 6, 2011 6:18am Jan 6, 2011 6:18am
Quoting PhAnTi'
nfp will kill 1.3000 level tomorrow, and then doors open for a 300 pip rally.

i guess.
I would like that to happen if only to give us a sense of direction.
But 3100,3080 and the low of 3060 are all of interest for me first.
possible senario if we are southbound break this today with new york.
Use nfp to break 1.3000 tommorrow .
I will just try to react accordingly
making green pips large and red pips small this is my goal.
  • #359,577
  • Jan 6, 2011 6:21am Jan 6, 2011 6:21am
Quoting FXEZ
gl getting filled - it's missed my pending buy 3x now and the bottom "appears" to be set in some kind of gooey cement mixture atm. And 7:AM is coming...
Yes I see.
All that is left in FF is just plain garbage. "Cloggie"
  • #359,578
  • Jan 6, 2011 6:28am Jan 6, 2011 6:28am
Quoting ukdaytrader
....something's not right here.
Looking at the volumes in EU this morning, there appears to have been strong buying on every dip below support. There are a lot of sellers, but beware if this is big dog Accumulation.
It does feel strange continuos downmove I think I have become accustomed to the 200 pip whipsaws of december lol.
But I seen lots of 10+million orders filled at 3130 and a few at 3100.
Generally 1 to 5million seems average so I'am seeing the bigger orders as big dogs spacing orders out .
It funny to see batches of 200 million go through and price move couple of pips .
making green pips large and red pips small this is my goal.
  • #359,579
  • Jan 6, 2011 6:29am Jan 6, 2011 6:29am
Quoting kill56
history
thanks. there is the really slight possibility that we could skip this area with a force, break... but a retest will be following.
i am sitting on my hands.
  • #359,580
  • Jan 6, 2011 6:30am Jan 6, 2011 6:30am
Quoting tonyo524
Yes I see.
removed pending buy
All that is left in FF is just plain garbage. "Cloggie"
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