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  • #382,021
  • Feb 8, 2011 7:27am Feb 8, 2011 7:27am
Quoting PhAnTi'
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
Wish you the best of luck!
Would be surprised not to see stocks fall and USD strenghten in NY session. But as always: We `ll see
  • #382,022
  • Feb 8, 2011 7:28am Feb 8, 2011 7:28am
Quoting PhAnTi'
hui hui pound dropping...
boom boom
according to EUR/GBP chart, pound dropping will either hold euro from dropping or make euro hikes

but im short biased.. dont want to buy eur atm
Verily, in every difficulties there is relief
  • #382,023
  • Feb 8, 2011 7:28am Feb 8, 2011 7:28am
I'm watching for price to hover around these levels, with small gains north prior to profit taking come close of UK/Europe session.

There will be a few stops placed just beyond today's high that may not be safe.

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.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #382,024
  • Feb 8, 2011 7:29am Feb 8, 2011 7:29am
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.

Hopefully
  • #382,025
  • Feb 8, 2011 7:29am Feb 8, 2011 7:29am
Yes gu in falling mode while eu jumped up again , let do whatever for better entry , 3660 short pending set , sl few pips .
fontu
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #382,026
  • Feb 8, 2011 7:30am Feb 8, 2011 7:30am
Quoting primzvicious
according to EUR/GBP chart, pound dropping will either hold euro from dropping or make euro hikes

but im short biased.. dont want to buy eur atm
yep.
Hero calls followed by margin calls...
  • #382,027
  • Feb 8, 2011 7:30am Feb 8, 2011 7:30am
Prices about to head down back to 1.2700 from here.
  • #382,028
  • Feb 8, 2011 7:30am Feb 8, 2011 7:30am
Quoting cloggie
EU is having one of those silly days where the fundies are pushing her down and the techies are pulling her up, the 30/H1/H4 are still bullish

No change, the higher TF's are still pointing up. I still don't see any trades worth holding unless you are scalping a few here and there.
  • #382,029
  • Feb 8, 2011 7:31am Feb 8, 2011 7:31am
gold will make me rich.
thats how a bad day can turn into a pretty nice on within 7 minutes


Ph.
Hero calls followed by margin calls...
  • #382,030
  • Feb 8, 2011 7:31am Feb 8, 2011 7:31am
Quoting cloggie
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.
China is raising rates to stem inflation. That should dampen demand for goods and services and of course, commodities. I get that basic economic analysis as I imagine most people do. Because that is such a long term process that plays out over days and weeks and months, you would expect to see a sustained downtrend of some sort over time. But I don't see it. SO, there must be overiding more powerful forces at work (i.e. - QE perhaps?) that continues to propel commcurs and comms higher. The AUD/USD is 4-5% higher than Oct 20 - so I will not buy into the assumption that commcurs will go lower from here, until I see something else more defining or powerful to overcome the global competitive devaluation of fiats.
  • #382,031
  • Feb 8, 2011 7:32am Feb 8, 2011 7:32am
Quoting bebop
Prices about to head down back to 1.2700 from here.

And if your Auntie had balls, she'd be your uncle.

Put up a chart or at least verbalise your reasoning, this is just rubbish and does not add to the debate here.
  • #382,032
  • Feb 8, 2011 7:32am Feb 8, 2011 7:32am
CAD are going very strong of those news.. Aprocaching support now. Might see if that stops EU pullback from 1.3627
  • #382,033
  • Feb 8, 2011 7:33am Feb 8, 2011 7:33am
Quoting scurt
too early... still waiting to long cable too... but not yet...

anyway wish you good luck


Close my long on GBP/USD for + 3 PIPS...
I have no clue what's going on today..
  • #382,034
  • Feb 8, 2011 7:33am Feb 8, 2011 7:33am
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

Also give this site a try, there is plenty of useful information here for the beginner.

http://www.informedtrades.com/f111/
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #382,035
  • Feb 8, 2011 7:33am Feb 8, 2011 7:33am
Quoting bebop
Prices about to head down back to 1.2700 from here.
good luck with your trades.
Hero calls followed by margin calls...
  • #382,036
  • Feb 8, 2011 7:33am Feb 8, 2011 7:33am
Quoting bebop
Prices about to head down back to 1.2700 from here.
  • #382,037
  • Feb 8, 2011 7:34am Feb 8, 2011 7:34am
Quoting cloggie
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....
As often, it is mostly a matter of semantics. Given that most noobies are doomed to fail due to such a simple point as underestimating the amount of effort that is required to make money (or even not lose it), I would say it is hard. Apparently the majority is not up to the task.

But even so, the success of those who do manage to stick to a couple of simple rules is closely linked to the amount of traders that are willing to pay them off. If the majority would wise up, it would get harder for everyone. There would be less time to act, trends would last shorter, and reversals would be more frequent.
  • #382,038
  • Feb 8, 2011 7:34am Feb 8, 2011 7:34am
Quoting aarontdang
Close my long on GBP/USD for + 3 PIPS...
I have no clue what's going on today..
Look at the daily chart...why r u trying to long GU?
  • #382,039
  • Feb 8, 2011 7:35am Feb 8, 2011 7:35am
Quoting cloggie
And if your Auntie had balls, she'd be your uncle.

Put up a chart or at least verbalise your reasoning, this is just rubbish and does not add to the debate here.
Everything in this thread is rubbish. Just a place to have a little fun. Besides, my charts wouldn't mean anything to anybody else and there's not much on them to begin with. I just have a gut feeling its going down from here or very close to here.
  • #382,040
  • Feb 8, 2011 7:35am Feb 8, 2011 7:35am
Quoting TraderMark
China is raising rates to stem inflation. That should dampen demand for goods and services and of course, commodities. I get that basic economic analysis as I imagine most people do. Because that is such a long term process that plays out over days and weeks and months, you would expect to see a sustained downtrend of some sort over time. But I don't see it. SO, there must be overiding more powerful forces at work (i.e. - QE perhaps?) that continues to propel commcurs and comms higher. The AUD/USD is 4-5% higher than Oct 20 - so I will not buy into...

You need to weigh the market's sentiment against the fundie result of the rise, copper at an all time high, oil steadily dropping, coal up. The Chinaman are no fools, they know when to raise the rates to have the smallest impact to their peg. You cannot take away the fundie result of the rate hike by explaining the contrary using techs.

Fundie: dollar up, commodity currencies down. Period. Now to make that tradeable you need to have a look at the techs. Only a muppet would blindly trade the fundies without looking at a chart.
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