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  • #362,001
  • Jan 10, 2011 12:56pm Jan 10, 2011 12:56pm
Quoting sisse
London and US opened at the lows and London close at the Highs, and hold every single push down. Trend is down. No reports for the rest of the day. Big fundamentals are in play in the next few days = Odds favor a retrace first to the daily Broken S (almost completed to the tick) . Just my 2 cents.

sisse

Yup our retrace is in the making as we speak. Don't go carrying shorts overnight. Time to change the approach till Wednesday, buy the dips instead.
  • #362,002
  • Jan 10, 2011 12:57pm Jan 10, 2011 12:57pm
and ofcourse that is exactly what I'm doing, short from 1.29, trend is down but it keeps going up. Shit is fucking nerve-racking
  • #362,003
  • Jan 10, 2011 1:02pm Jan 10, 2011 1:02pm
Quoting OldQuant
That could be a footprint of a mythical Asian Beast.

Is that a Dy chart? Very nice, clean, professional looking chart.
hi quant, that chart is a 1-minute chart, and i have found that spike twice today, but in different areas. it could very well be a misquote, i'd like to check on this with other brokers.
  • #362,004
  • Jan 10, 2011 1:03pm Jan 10, 2011 1:03pm
http://www.bloomberg.com/news/2011-0...r-in-2011.html
  • #362,005
  • Jan 10, 2011 1:03pm Jan 10, 2011 1:03pm
Quoting reaperunique
and ofcourse that is exactly what I'm doing, short from 1.29, trend is down but it keeps going up. Shit is fucking nerve-racking

Same fucking position :-(
  • #362,006
  • Jan 10, 2011 1:04pm Jan 10, 2011 1:04pm
Quoting reaperunique
and ofcourse that is exactly what I'm doing, short from 1.29, trend is down but it keeps going up. Shit is fucking nerve-racking

I am holding longs from right below 2920 with stops right at it. Been waiting for 2942 since this morning. We got to 2940 a bit late in the day to carry this through in a straight line so you may be able to get close to your entry later on as retraces can be messy.

This retrace is only just in the making and it won't take much for it to fail. I closed my long term shorts on Friday, as posted here and forewarned about a change of scene yesterday based on what PA could give us today and it is giving it to us.
  • #362,007
  • Jan 10, 2011 1:06pm Jan 10, 2011 1:06pm
Quoting cloggie
Because it diversifies your portfolio. 5mill doesn't get you very far nowadays.
Believe it or not: it would get me far enough at present
But i'll get there
  • #362,008
  • Jan 10, 2011 1:06pm Jan 10, 2011 1:06pm
Quoting cloggie
Yup our retrace is in the making as we speak. Don't go carrying shorts overnight. Time to change the approach till Wednesday, buy the dips instead.
the whole sunday/monday again gave very good opportunities for both players. looking at the area we're currently situated in, a retracement is welcome.

i'm looking for higher short entries - depending on pa - so that the bumpy road below us doesn't become too stony.
  • #362,009
  • Jan 10, 2011 1:08pm Jan 10, 2011 1:08pm
Quoting reaperunique
trend is down but it keeps going up.
An oxymoron, no? The fundamentals may be pretty sour, but one of the principal underpinnings of the world's financial system isn't going to take the Autobahn to Oblivion.
  • #362,010
  • Jan 10, 2011 1:08pm Jan 10, 2011 1:08pm
Quoting cloggie
I am holding longs from right below 2920 with stops right at it. Been waiting for 2942 since this morning. We got to 2940 a bit late in the day to carry this through in a straight line so you may be able to get close to your entry later on as retraces can be messy.

This retrace is only just in the making and it won't take much for it to fail. I closed my long term shorts on Friday, as posted here and forewarned about a change of scene yesterday based on what PA could give us today and it is giving it to us.
what made you long at 1.292, the spike up?
  • #362,011
  • Jan 10, 2011 1:09pm Jan 10, 2011 1:09pm
Quoting Mr Hatch
hi quant, that chart is a 1-minute chart, and i have found that spike twice today, but in different areas. it could very well be a misquote, i'd like to check on this with other brokers.
I have checked it ... more than one hour ago ... it is a misquote ... jawoll
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #362,012
  • Jan 10, 2011 1:11pm Jan 10, 2011 1:11pm
Quoting OldQuant
An oxymoron, no? The fundamentals may be pretty sour, but one of the principal underpinnings of the world's financial system isn't going to take the Autobahn to Oblivion.
that and technical on higher TF's is still in favor of downward movement(H4). That is what I meant with: "the trend is down but it's moving up".

And I know a retrace was bound to happen but did it really have to happen just when I wanted to take another short :/
  • #362,013
  • Jan 10, 2011 1:11pm Jan 10, 2011 1:11pm
Quoting mercy seat
I have checked it ... more than one hour ago ... it is a misquote ... jawoll
thanks, that spares me the hassle.
  • #362,014
  • Jan 10, 2011 1:12pm Jan 10, 2011 1:12pm
Quoting nooblaster
what made you long at 1.292, the spike up?

Build it up as part of the plan, mentioned here I was looking for 2942 this morning. The low held having been tested 3 times since last night, that was a target we were on about last Friday. My last entry on the average is barely in profit now, average looking good, stops in place, let's see where this goes. If my higher entries get taken out, I will reenter at a better price, keeping the average close to BE so I will be well positioned if this retrace does materialise, if it doesn't no bother. It is still a nothing trade and without a retrace it will remain a nothing trade.
  • #362,015
  • Jan 10, 2011 1:16pm Jan 10, 2011 1:16pm
Quoting Mr Hatch
that chart is a 1-minute chart
Is that from Ducascopy? Are you up with them? You were talking about it last week, IIRC.
  • #362,016
  • Jan 10, 2011 1:18pm Jan 10, 2011 1:18pm
Quoting OldQuant
Is that from Ducascopy? Are you up with them? You were talking about it last week, IIRC.
yes, it is. but it is still the demo-platform i'm testing. amazing platform, i might add, still java, but much better than oanda's crippled version of a platform. i need to do some calculation on their commissions. there are introducing brokers to them, but to be honest, they do not look that trustworthy.
  • #362,017
  • Jan 10, 2011 1:23pm Jan 10, 2011 1:23pm
Answer to the question about me posting what i see on the orders .
Generally i see mostly 1-2 mill orders then average clusters of 5-6 mill orders but when i see lots of orders over 10 million mark clustered at 50 like today Its worth noting that area and the resulting move from that area ,Just a way of interpreting the bigger players . were not allowed to see whether there buy or sell before hand but I try to identify if its an area of supply or demand
making green pips large and red pips small this is my goal.
  • #362,018
  • Jan 10, 2011 1:24pm Jan 10, 2011 1:24pm
Quoting paul1
Answer to the question about me posting what i see on the orders .
Generally i see mostly 1-2 mill orders then average clusters of 5-6 mill orders but when i see lots of orders over 10 million mark clustered at 50 like today Its worth noting that area and the resulting move from that area ,Just a way of interpreting the bigger players . were not allowed to see whether there buy or sell before hand but I try to identify if its an area of supply or demand
how come u can see order flow, you have a terminal?
  • #362,019
  • Jan 10, 2011 1:24pm Jan 10, 2011 1:24pm
Quoting Mr Hatch
yes, it is. but it is still the demo-platform i'm testing. amazing platform, i might add, still java, but much better than oanda's crippled version of a platform. i need to do some calculation on their commissions. there are introducing brokers to them, but to be honest, they do not look that trustworthy.
Yes, they are real adults. You can even see it in that chart. Commish calculations are something to consider of course, but one big thing is a true ECN like they use doesn't back you away from the market when a run occurs. And if you get caught in one, it's going to pay for a lot of commish, relative to what an oanda or lesser would cost you in that.
  • #362,020
  • Jan 10, 2011 1:26pm Jan 10, 2011 1:26pm
is a advertise on FF home page
Quoting cloggie
All depends on your requirements. You can get a good feed and use Currenex/Hotspot with all the majors without using the full PB services. A decent deposit will be required, monthly volume is of greater importance. Don't even start thinking about doing that with less then 500k/25mill a month.
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