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EURUSD

  • #367,421
  • Jan 18, 2011 6:34pm Jan 18, 2011 6:34pm
Quoting Venice
Oh yeah?
Yea, see where it will be tomorrow
  • #367,422
  • Jan 18, 2011 6:35pm Jan 18, 2011 6:35pm
Quoting bomber34
Euro will dive today hard,sure.
My Prophecy Class was postponed today because of certain unpredictable events. .................. Looks like you attended one.
The Thief of Wall Street
  • #367,423
  • Jan 18, 2011 6:38pm Jan 18, 2011 6:38pm
Quoting vlady1974
Cheers Fib.
The 20 pip rule is usually my going start. As I use Murrey Math, the intervals on E/U are about 30 pips on timeframes lower than 30min. That 10 pip difference is a good buffer zone. But I'm only starting to notice that.

Very good advice though. Unfortunately IGINDEX doesn't allow for a trailing stop or else I would set it to 20. But in doing so, I would only go for a trade where I think the probability of a move is at least 40 pips green.
Hmm, I actually use IGMarket's PureDeal Platform for trade management (I don't use their charts), and I find it to be adequate for my requirements, trailing stops are fine. My one niggle is that you can't place limits for partial exits, only for the whole position, so you have to manually pull the trigger if you want to do a partial exit...
  • #367,424
  • Jan 18, 2011 6:39pm Jan 18, 2011 6:39pm
Quoting vlady1974
Cheers Fib.
The 20 pip rule is usually my going start. As I use Murrey Math, the intervals on E/U are about 30 pips on timeframes lower than 30min. That 10 pip difference is a good buffer zone. But I'm only starting to notice that.

Very good advice though. Unfortunately IGINDEX doesn't allow for a trailing stop or else I would set it to 20. But in doing so, I would only go for a trade where I think the probability of a move is at least 40 pips green.
Trailing stops are commonly not used in pro forex trading machines ... im Gegensatz zu Index & Stocks unüblich ... und dieses aus gutem Grund ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #367,425
  • Jan 18, 2011 6:48pm Jan 18, 2011 6:48pm
Quoting FibbinArchie
Hmm, I actually use IGMarket's PureDeal Platform for trade management (I don't use their charts), and I find it to be adequate for my requirements, trailing stops are fine. My one niggle is that you can't place limits for partial exits, only for the whole position, so you have to manually pull the trigger if you want to do a partial exit...

i also have such question, i use ig too for de trading, but how to partially close the position?
  • #367,426
  • Jan 18, 2011 6:50pm Jan 18, 2011 6:50pm
Quoting Venice
38.2 there huh. Bulls momentum just keeps getting slapped down at every try today. hah.
i have that at 3398. but that just adds to the suspect.
Attached Image (click to enlarge)
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  • #367,427
  • Jan 18, 2011 6:53pm Jan 18, 2011 6:53pm
2011-01-19_01h46_GBPCHF _ min015 _ 1100 x 800 (BarChart).PNG (28.5 KB)
2011-01-19_01h46_USDCHF _ min015 _ 1100 x 800 (BarChart).PNG (28.6 KB)

Pfund/Schweiz lächelt mich so freundlich einladend an ...

Sterling/Swiss looks somehow inviting ...



Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-01-19_01h46_GBPCHF _ min015 _ 1100 x 800 (BarChart).PNG Size: 29 KB
Click to Enlarge Name: 2011-01-19_01h46_USDCHF _ min015 _ 1100 x 800 (BarChart).PNG Size: 29 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #367,428
  • Jan 18, 2011 6:56pm Jan 18, 2011 6:56pm
Quoting FibbinArchie
Hmm, I actually use IGMarket's PureDeal Platform for trade management (I don't use their charts), and I find it to be adequate for my requirements, trailing stops are fine. My one niggle is that you can't place limits for partial exits, only for the whole position, so you have to manually pull the trigger if you want to do a partial exit...
I'm on the same, but it's a spreadbet account. The instructions said I could trail S/L but I've not had a trade where I've seen it enabled. Yes, I also have that issue with the partial exit. I guess that's okay for now, but I'll need it soon I'm sure.
A pip is only worth it if you know how much you risked to earn it
  • #367,429
  • Edited 7:08pm Jan 18, 2011 6:57pm | Edited 7:08pm
Quoting Mr Hatch
i have that at 3398. but that just adds to the suspect.
I would like to see another test of 1.345'ish area, but these supply zones are not giving much leave way.

The question is... more ammo for an upward move or heavy enough supply zones to sustain it downwards.
  • #367,430
  • Jan 18, 2011 6:57pm Jan 18, 2011 6:57pm
Quoting yakuzaking
i also have such question, i use ig too for de trading, but how to partially close the position?
well it's easy on the manual deal ticket, you just adjust the number of contracts, but as for limit exits, it's not possible...
  • #367,431
  • Jan 18, 2011 6:59pm Jan 18, 2011 6:59pm
Quoting Venice
I would like to see another test of 1.45'ish area, but these supply zones are not giving much leave way.

The question is... more ammo for an upward move or heavy enough supply zones to sustain it downwards.
And the most important lesson here for everyone reading... the market doesn't really care what I want to see. hehe
  • #367,432
  • Jan 18, 2011 7:00pm Jan 18, 2011 7:00pm
Quoting vlady1974
I'm on the same, but it's a spreadbet account. The instructions said I could trail S/L but I've not had a trade where I've seen it enabled. Yes, I also have that issue with the partial exit. I guess that's okay for now, but I'll need it soon I'm sure.
aw man, when my account gets large enough, I'll leave them for a decent futures broker, they're borderline bucket shop really, although in my opinion one of the more respectable retail outfits...

Yeah I knew Index were spread betters, but tbh I don't know the first thing about spread betting...

Looking like price wants to push through this supply btw, like I said earlier unusual pa today...
  • #367,433
  • Jan 18, 2011 7:03pm Jan 18, 2011 7:03pm
So I was just sitting here thinking: what would I do if I were a central banker who needed a stable EUR, at least in the short term, to do things I needed to get done, and give political cover to those who, ultimately, I answer to?

I'd probably be a little tired of the technical analysts seeing a 34 handle as a big resistance area, and sell it down every time it gets there. Maybe I'd ask some friendly members of the team if they wouldn't mind going and sitting on the bid long enough to turn that resistance into perceived support. If the ones I asked had, by coincidence, policies that coincided with my needs, maybe they'd do it.

Now, I'm tired and need a nap and maybe am just talking my book, and anyway, I'm not a central banker. I hate polyester suits.
  • #367,434
  • Jan 18, 2011 7:05pm Jan 18, 2011 7:05pm
Quoting FibbinArchie
well it's easy on the manual deal ticket, you just adjust the number of contracts, but as for limit exits, it's not possible...
So they are somehow glued together then? Horrible ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #367,435
  • Jan 18, 2011 7:06pm Jan 18, 2011 7:06pm
Quoting OldQuant
So I was just sitting here thinking: what would I do if I were a central banker who needed a stable EUR, at least in the short term, to do things I needed to get done, and give political cover to those who, ultimately, I answer to?...
Your story seems like it is quite in line. You are talking about a manipulated market made by crooked people/governments.

I'm just here to ride along though, not try and figure out their reasons for doing it, ya know?
  • #367,436
  • Jan 18, 2011 7:07pm Jan 18, 2011 7:07pm
Quoting mercy seat
So they are somehow glued together then? Horrible ...
yes a bit of an inconvenience, but apart from that it's a good platform, no other issues fingers crossed...
  • #367,437
  • Jan 18, 2011 7:14pm Jan 18, 2011 7:14pm
Quoting FibbinArchie
yes a bit of an inconvenience, but apart from that it's a good platform, no other issues fingers crossed...
Yes ... they keep you up being well trainee doing it all with manual orders as quick as you can ...

2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #367,438
  • Jan 18, 2011 7:14pm Jan 18, 2011 7:14pm
Quoting Venice
You are talking about a manipulated market made by crooked people/governments.
No, no, not at all talking about that. Central banks have mandates from their people to promote economic stability, and management of exchange rates promote that, from both purchasing power and debt burden perspectives.

Governments in the market are a part of the deal in forex. To be completely free of that, we'd have to go to some of the backwaters of the stock markets, and those are lairs of the real manipulators and crooks.
  • #367,439
  • Jan 18, 2011 7:16pm Jan 18, 2011 7:16pm
So

My positions are underwater and I didn't expect it to go higher now.
I'm hoping that 3407 proves it's strength by being the top tonight.
I would have opened another position there but I thought it best to be safe.
A pip is only worth it if you know how much you risked to earn it
  • #367,440
  • Jan 18, 2011 7:17pm Jan 18, 2011 7:17pm
Quoting mercy seat
Yes ... they keep you up being well trainee doing it all with manual orders as quick as you can ...

problem being that sometimes if price spikes, human reflexes are not quick enough to execute the desired market order level...
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