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  • #379,261
  • Feb 3, 2011 2:00pm Feb 3, 2011 2:00pm
Quoting attila
leave him alone man. he's a joke and it starts to show. granted he wrapped his BS in a lot of techno talk. made it hard for newbs.
I don't want to kick $hit because that makes it stink more, and he sure doesn't need the likes of me to defend him, but I just wanna point out the kind of thing that indicates his understanding of this particular market, the sort of thing that if "newbs" recognize, can help them immensely.

All markets have their distinctive "rolls": the amount that they will oscillate when there is nothing forcing a higher rate of arrival of 'outside' buys or sells. It's caused by consistent risk management/profit max'ing behavior of the market makers, whether it's specialists on an equity exchange, the 'locals' in a futures or options pit, or the dealer banks in forex.

Cloggie identifies the roll unit of the E/U as 20 pips. Someone could put volatility measures or order stats or some other formal methodology to work and find that themselves, sure: but only if they got the idea to measure it.

So when someone suggests it's an important micro-structure element, and identifies the typical size, that's valuable for new and seasoned traders alike.
  • #379,262
  • Feb 3, 2011 2:00pm Feb 3, 2011 2:00pm
Quoting gatorinla
asia has pumped us a the last few weeks after u.s. close. they did it less last night (little pump).. so i will look for a short about 3653 or 83... no need to be a hero.. we should be back at 3610 again..but don't hold a loser much above 83..
i was looking the same on the asian, because since i started forex the asian market pretty much does every night what it did the night before (if you are looking for small gains)

but i wouldnt trade before 12am gmt as a lot of nights that is when it changes.
  • #379,263
  • Feb 3, 2011 2:03pm Feb 3, 2011 2:03pm
Quoting alexxi
i was looking the same on the asian, because since i started forex the asian market pretty much does every night what it did the night before (if you are looking for small gains)

but i wouldnt trade before 12am gmt as a lot of nights that is when it changes.


About MJ

Quoting cloggie
What are you trying to do here? Find enough noobies to fall for your cr@p to get a rally going?
Quoting Bruce Flea
I'm watching you in a 200+ pip drawdown right now, which is fine if you're sized right. The smart guy you are bagging on took the free train to profitland.
Quoting cloggie
No you are not, your shorts are 600 pips underwater
You are turning into a Skyzer, screaming shorts all week in the face of a 600 pip run, madness. You have been going on here every day this week shorting the first red bar you see on an M5.
This is one of the posts from that day. 20 of us called out MikeJ that day for having his shorts 600 pips in the red and continuing to call further shorts while the market moved 1,000 pips against him. Ever since he has become my little cyber stalker, he still can't trade to safe his life, but now enjoys having a go at everyone else on this thread I guess. That will be the only connection he has to trading, keep posting rubbish on FF.

That's MJ for you, in one of his first posts here he admitted he was brand new, had a 200 dollar account and lets his shorts go 600 pips in the red, do you really want to pay attention to a guy like this?
  • #379,264
  • Feb 3, 2011 2:03pm Feb 3, 2011 2:03pm
red squiggly is ema50...
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  • #379,265
  • Feb 3, 2011 2:04pm Feb 3, 2011 2:04pm
Quoting PayTheLimit
gator have anything that stands out under 3600?
posted the 3590 area. if we close as said it means we have taken out major support.. cloggie has posted a billion times how to look for the boxes. find the next cluster.. the bigger the tf the stronger. if you got a fib ect.. look for that area. i posted 3 charts yesterday... that's my targets. 2 are complete i think. be careful because its nfp tomorrow.. they like to pump and dump before. dont hold a loser
those who can, do. those who cant, talk about those who can
  • #379,266
  • Feb 3, 2011 2:05pm Feb 3, 2011 2:05pm
whew. I'm out. The .3700 sell level still holds. I'll sell a nice bounce into the Asian session. Keep in mind the Asian session will go the way of the previous day about 80% of the time.
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  • #379,267
  • Feb 3, 2011 2:09pm Feb 3, 2011 2:09pm
Quoting cloggie
Well done.
Firstly thanks for the insight.I usualy make my own decisions but am learning too much from you and what to look out for.
My question,any pointers as to exits and knowing when to stick with it or early bail out?? I think I pretty much have the entries nailed down but even when am in major pips like today I get stuck on when to exit as in I do not know when it is over and stop you know.any help thanks.. BTW am using peaks and valleys to enter and move my stop lower
Hope its not too much too ask
  • #379,268
  • Feb 3, 2011 2:10pm Feb 3, 2011 2:10pm
Quoting cloggie
This is one of the posts from that day. 20 of us called out MikeJ that day for having his shorts 600 pips in the red and continuing to call further shorts while the market moved 1,000 pips against him. Ever since he has become my little cyber stalker, he still can't trade to safe his life, but now enjoys having a go at everyone else on this thread I guess. That will be the only connection he has to trading, keep posting rubbish on FF.
You are just like the 'media' ... if you read and extract all info from my posts, you will read that I was short from way before the fall down to the 1.29xx level, lol, just read through my posts ... I was short on Euro on my main account for well over a month & I was just stopped out at 1.3500, I was in the green overall without daily rollover calculated in ...

& if you read my post, I have been short all Gold & Silver crosspairs, Called out the H&S information on the right shoulder as it happened ...

& I posted all of my trades {unlike you} from my account to show my moves .. & I will be happy to do so now so you can verify with my broker the trades that I have made ... {you just need the ticket number} ...

so stop being selective on other's trades & tell the whole truth .. this is what I was talking about, You are a manipulative & selective kid

/cookie
  • #379,269
  • Feb 3, 2011 2:11pm Feb 3, 2011 2:11pm
Quoting kill56
thinking about 46
with blood in the streets we could fall any time. the bulls don't seem to want to pump us up much. i have nfp flashback.. i don't trust anything. if i don't get a better price i will not trade.
those who can, do. those who cant, talk about those who can
  • #379,270
  • Feb 3, 2011 2:13pm Feb 3, 2011 2:13pm
Quoting mikej2010
just sitting ... waiting for a non-vague call ... just waiting ...

LoL, oh the ego that the is developed on the internet ...

/carebear
I can tell you I have seen him call all the moves to the pip or within a couple in both directions before they happened on both GU and EU. I have seen him do this more than once.
  • #379,271
  • Feb 3, 2011 2:13pm Feb 3, 2011 2:13pm
Quoting gatorinla
posted the 3590 area. if we close as said it means we have taken out major support.. cloggie has posted a billion times how to look for the boxes. find the next cluster.. the bigger the tf the stronger. if you got a fib ect.. look for that area. i posted 3 charts yesterday... that's my targets. 2 are complete i think. be careful because its nfp tomorrow.. they like to pump and dump before. dont hold a loser
just wondering if you had anything off some your longer term charts brother..I'm looking for 3559/81 as of right now, although 3557/83 is there also....might take a cheeky short here, as that last bear candle is capping this bounce..thanks
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Look Sharp/Trade Tight
  • #379,272
  • Feb 3, 2011 2:14pm Feb 3, 2011 2:14pm
Quoting gatorinla
be careful because its nfp tomorrow.. they like to pump and dump before. dont hold a loser
Don't ever know who "they" are, but that's a little artifact just before nfp almost as common as the sun rising every day.
  • #379,273
  • Feb 3, 2011 2:15pm Feb 3, 2011 2:15pm
Quoting mdiz2
I can tell you I have seen him call all the moves to the pip or within a couple in both directions before they happened on both GU and EU. I have seen him do this more than once.

I have done several days both here and on Cable from the london open till the NY close calling out each and every move throughout an entire day. Wormboy and I use to do loads of these play by plays on the Cable thread to the pip for days on end.

All of this got ruined by a few spoilt kids that can't stand it when people make a profit in this business and will do anything to stop it.
  • #379,274
  • Feb 3, 2011 2:15pm Feb 3, 2011 2:15pm
i know it isnt the right forum to write here about it, so please forgive me.

was looking for ages what television to watch online for seeing financial news. finally i found bloomberg and good site to watch cnbc and bbc. watchfomny.com quality is good there and didnt break for me yet.

not being from the us i tried to listen to fox news, and for 20 minutes they are just preaching about the dictatorship in egypt and how the pro mubarak protestors are being paid to kill and atack everybody, same as the TV here in Spain where instead of giving you unbiased news they just keep telling you who is wrong and who is right.

definitly find cbnc and bloomberg the best so far.

if anyone knows another tv channel that i can watch online please tell me!
  • #379,275
  • Feb 3, 2011 2:16pm Feb 3, 2011 2:16pm
Quoting OldQuant
Don't ever know who "they" are, but that's a little artifact just before nfp almost as common as the sun rising every day.
them what's in the know, smart money, I guess...
  • #379,276
  • Feb 3, 2011 2:16pm Feb 3, 2011 2:16pm
Quoting gatorinla
with blood in the streets we could fall any time. the bulls don't seem to want to pump us up much. i have nfp flashback.. i don't trust anything. if i don't get a better price i will not trade.
unless support breaks
those who can, do. those who cant, talk about those who can
  • #379,277
  • Feb 3, 2011 2:16pm Feb 3, 2011 2:16pm
3575 will change everything.
Hero calls followed by margin calls...
  • #379,278
  • Feb 3, 2011 2:17pm Feb 3, 2011 2:17pm
Quoting cloggie
I have done several days both here and on Cable from the london open till the NY close calling out each and every move throughout an entire day. Wormboy and I use to do loads of these play by plays on the Cable thread to the pip for days on end.

All of this got ruined by a few spoilt kids that can't stand it when people make a profit in this business and will do anything to stop it.
gettin' agro off your fan club again cloggs?
  • #379,279
  • Feb 3, 2011 2:17pm Feb 3, 2011 2:17pm
Quoting gatorinla
with blood in the streets we could fall any time. the bulls don't seem to want to pump us up much. i have nfp flashback.. i don't trust anything. if i don't get a better price i will not trade.
i ma only going for 10 -20 not more its risky
  • #379,280
  • Feb 3, 2011 2:18pm Feb 3, 2011 2:18pm
sold gold
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