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  • #382,001
  • Feb 8, 2011 7:09am Feb 8, 2011 7:09am
Quoting cloggie
Nah, you got it. The best days are when the fundies agree with the techs, always good for 100-120 pip trades with hardly any pullback. Days like this you need to adjust your strategy and just take what the market gives you. Once it all makes sense again, you are good for a runner.
No doubt that the best day`s are when fundies and techs agree.

Looking for the tech`s and the fundies to catch up, troughout the NY session.
  • #382,002
  • Feb 8, 2011 7:12am Feb 8, 2011 7:12am
Thread broken?
We're all stories in the end. Just try to make it a good one.
  • #382,003
  • Feb 8, 2011 7:13am Feb 8, 2011 7:13am
Quoting TraderMark
Cloggie just posted that commodity currencies should weaken with China's interest rate hike. I just went back to Oct 20 and Dec 27 and found that they were flat or up sharply over the next few days on the last two 25bp interest rate hikes. So - I'm not sure what time frame Cloggie is talking about. I see commodity/com cur weakness for the moment, but I question whether they will be down in the days ahead...just something to look into and verify. If someone sees something different, do share...

You cannot go back over history and try to see what a single event's result was on the price and then use that for future reactions, you need to see what else was going on around the market on that day and how the techies faired. That is the problem with trading the news, it is really hard to see how it responded previously without taking everything into account, that's why most traders that are new to this business just ignore it and not trade the news or even think about the news impacts as it is so hard to judge on previous historical data.
  • #382,004
  • Feb 8, 2011 7:16am Feb 8, 2011 7:16am
Quoting cloggie
Nah, you got it. The best days are when the fundies agree with the techs, always good for 100-120 pip trades with hardly any pullback. Days like this you need to adjust your strategy and just take what the market gives you. Once it all makes sense again, you are good for a runner.

This is why you need to be adaptable as a trader and know what setups to use on which days, no single strategy/method will work on each and every day and recognising that will improve your trading with leaps and bounds.

I am a big fundie/news guy as I use it to judge...
Good post!
No doubt that is a solid way to aporoach the market.

I feel that with the hike, and german numbers, this could have turned out to be such a good trading day!
It just annoys me, when the techs are not agreeing with the Fundies!

I hope it cathces up trough the NY session.
If it does the 1day chart are starting to look nice.
  • #382,005
  • Feb 8, 2011 7:16am Feb 8, 2011 7:16am
hui hui pound dropping...
boom boom
Hero calls followed by margin calls...
  • #382,006
  • Feb 8, 2011 7:17am Feb 8, 2011 7:17am
Quoting cloggie
Trading is not hard, put your back into it and you will make it in this business, for some it takes a few months, for some a few years, but if you keep going you will eventually make it.
Trading is hard. It logically must be. Maybe you prefer having your definition of hard depend on your personal experience, but the more common definition depends on whether a (small) minority can succeed at it. It is impossible for all market participants to be profitable. Even a profitable majority is highly unlikely since any edge in trading would skew the distribution of profits towards those that are profitable.
  • #382,007
  • Feb 8, 2011 7:18am Feb 8, 2011 7:18am
Quoting -McClaren-
dont be so confused about E/U --- keep this for the future

upto 1.3760, then down to 1.3340,then last one upto 1.4180 - done--after that i got no clue--

im playing this trend until im prove wrong !
you should have enough time to plan further i guess

dont worry.
Hero calls followed by margin calls...
  • #382,008
  • Feb 8, 2011 7:18am Feb 8, 2011 7:18am
Quoting PhAnTi'
hui hui pound dropping...
boom boom
That is pound dropping and not dollar strenght so far.
Dollar are acting strange today..
  • #382,009
  • Feb 8, 2011 7:19am Feb 8, 2011 7:19am
Long on GBP/USD 1.6070
SL 15 PIPS
Target 30 PIPS...

Last time long @ 1.6092 ..
got scared and take 2 PIPS profit
  • #382,010
  • Feb 8, 2011 7:20am Feb 8, 2011 7:20am
Quoting comondante_1
Hi all, hope to you all green pip. This is my first post, hope you guys accept me as a friend to you all, my name is Jack and I live in Lebanon. Don't have that much experience in the domain, but I'm here to learn from you. I wish all the best to all
Hello comondante_1,

If you want to learn, this probably isn't the right place to do so...

This is more the place to exchange points of view... and waste some time while you are waiting for your entry...

Why don't you try this site:
http://www.babypips.com/school/

For sure, you will learn a lot more

Just my advice
  • #382,011
  • Feb 8, 2011 7:20am Feb 8, 2011 7:20am
Quoting Sunsi
That is pound dropping and not dollar strenght so far.
Dollar are acting strange today..
that's what i said? isnt it? ^^
Hero calls followed by margin calls...
  • #382,012
  • Feb 8, 2011 7:21am Feb 8, 2011 7:21am
Quoting PhAnTi'
that's what i said? isnt it? ^^
Yupp! Never ment to say you diden`t

What are you expecting of the EU for the rest of the day ?

You know my view: Drop in the NY session.
  • #382,013
  • Feb 8, 2011 7:22am Feb 8, 2011 7:22am
sold S&P @ 1315 STOPS @ 1321.50
  • #382,014
  • Feb 8, 2011 7:22am Feb 8, 2011 7:22am
Quoting syp
Trading is hard. It logically must be. Maybe you prefer having your definition of hard depend on your personal experience, but the more common definition depends on whether a (small) minority can succeed at it. It is impossible for all market participants to be profitable. Even a profitable majority is highly unlikely since any edge in trading would skew the distribution of profits towards those that are profitable.

I look at this entirely differently. Anyone that gives this enough time and dedication will succeed in this. We used to take complete !d!ots on the floor and turn them into traders, given enough time. Look at the turtle project.

Most noobies approach this as a get rich quick scheme and therefore are doomed to fail from the start.

I have never met a trader who approached this correctly and dedicated enough time who would not succeed eventually.

The stats are skewed, purely because most are too lazy or impatient to do what is needed to succeed.
  • #382,015
  • Feb 8, 2011 7:23am Feb 8, 2011 7:23am
Quoting comondante_1
Hi all, hope to you all green pip. This is my first post, hope you guys accept me as a friend to you all, my name is Jack and I live in Lebanon. Don't have that much experience in the domain, but I'm here to learn from you. I wish all the best to all
Hey bro.

one hint from me : Do not call any trades posted here in this thread and in other threads as well.

Set up your own trading method and become confident

dont hesitate to ask anything...

Kindest regards
keep care

Phanti
Hero calls followed by margin calls...
  • #382,016
  • Feb 8, 2011 7:24am Feb 8, 2011 7:24am
Anyone
Why Pound is falling?????
  • #382,017
  • Feb 8, 2011 7:25am Feb 8, 2011 7:25am
Quoting Mr Bull

This is more the place to exchange [rubbbish] points of view... and waste some time while you are waiting for your entry...

Spot on.
  • #382,018
  • Feb 8, 2011 7:25am Feb 8, 2011 7:25am
too early... still waiting to long cable too... but not yet...

anyway wish you good luck

Quoting aarontdang
Long on GBP/USD 1.6070
SL 15 PIPS
Target 30 PIPS...

Last time long @ 1.6092 ..
got scared and take 2 PIPS profit
  • #382,019
  • Feb 8, 2011 7:26am Feb 8, 2011 7:26am
Quoting Sunsi
Yupp! Never ment to say you diden`t

What are you expecting of the EU for the rest of the day ?

You know my view: Drop in the NY session.
dont know....actually i cant imagine that we break highs again... but who cares my opinion

anyway gold and geppy made my day, eu killed profits so far but current short at 3665 looks quiet ok.

Lets c

Phanti
Hero calls followed by margin calls...
  • #382,020
  • Feb 8, 2011 7:27am Feb 8, 2011 7:27am
Quoting cloggie
Not so ignorant to spot a scammer a mile away:



For those who don't know who Bruce is, he took ten's of thousands of dollars from noobies over at Oanda under the name Diamond according to Cindy (thanks Cindy):




He was also active here under the name warren forex: http://www.forexfactory.com/warren*forex

Yes I go belligerent at times, but every single person that I come down on has since be found out to be a scammer and has been subsequently banned.

On any given day, there are 100's of fraudsters lurking here looking for unsuspecting...

lol gate keeper magix love the guy he named a TPL in his name
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