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EURUSD

  • #385,541
  • Feb 13, 2011 11:29am Feb 13, 2011 11:29am
sorry, should have been clearer !
  • #385,542
  • Feb 13, 2011 11:29am Feb 13, 2011 11:29am
Quoting stewrigh
Ok I thought you meant 1.46 lol
1.46
Hero calls followed by margin calls...
  • #385,543
  • Feb 13, 2011 11:30am Feb 13, 2011 11:30am
Quoting timotei
sorry, should have been clearer !
No worries - my mistake
  • #385,544
  • Feb 13, 2011 11:58am Feb 13, 2011 11:58am
Failing that, a bounce from 3520 up to 3640 ????
  • #385,545
  • Feb 13, 2011 12:16pm Feb 13, 2011 12:16pm
Quoting attila
I am sure malc will reply. In the mean time let me try to take a stab at this. What you are saying is true, in part. The price moves based on supply/demand, regardless of how we see that on our charts. Some use s/r, PA, VSA, etc. etc. The point is this. There is ALWAYS demand in the marketplace. What makes prices move up/down is the amount of supply. This is what the smart money manipulate. So, if the price is falling, it means a lot of supply for that side of the pair. How do one stop that drop? By drying up the supply, and that's done by buying...

Is this how your EA interprets the PA?

Or are you saying smart money = buying during a down trend and selling during an uptrend?

Eitherway it has been my experience that the "not so smart" money is buying during a downtrend and selling during uptrend in hopes that a reversal will bounce back all of the losses.

The only pitfall I can practically see with this strategy is that margin calls are often met when going against the PA. If you have found a way to perfect this please share charts and examples of your entry/exit.
  • #385,546
  • Feb 13, 2011 12:30pm Feb 13, 2011 12:30pm
Technically the market is open. But since it is only certain brokers it is not THE market.
  • #385,547
  • Feb 13, 2011 12:31pm Feb 13, 2011 12:31pm
Quoting SunTrader
Technically the market is open. But since it is only certain brokers it is not THE market.
Hero calls followed by margin calls...
  • #385,548
  • Feb 13, 2011 12:33pm Feb 13, 2011 12:33pm
Quoting SunTrader
Technically the market is open. But since it is only certain brokers it is not THE market.
banks trading not the market? do we need retail brokers to say "its the market"?
those who can, do. those who cant, talk about those who can
  • #385,549
  • Feb 13, 2011 12:41pm Feb 13, 2011 12:41pm
Quoting walb99
good point gator-
big boys and bucket shops what a nice confusion
LOL
im mean no harm.. just asking the question.
those who can, do. those who cant, talk about those who can
  • #385,550
  • Feb 13, 2011 12:42pm Feb 13, 2011 12:42pm
Quoting gatorinla
banks trading not the market? do we need retail brokers to say "its the market"?
g,

You and me could do a trade between us on the phone exchanging dollars and euros and transfer details. That would be a trade. Would anyone care?

Tokyo Banks trading their pre-open and Frankfort/London/NYC Banks staffing levels at bare minimum is not what I would call open that anyone should care about either.

Except of course if a BIG news event happens over a weekend or a holiday period.
  • #385,551
  • Feb 13, 2011 12:42pm Feb 13, 2011 12:42pm
EUR/USD will get back to around 1.3540 before any drop
further down.....Its Sunday .... usually within 12 hrs...
  • #385,552
  • Feb 13, 2011 12:47pm Feb 13, 2011 12:47pm
Quoting gatorinla
banks trading not the market? do we need retail brokers to say "its the market"?
Hi Gator,You play e/j also,what do you think about this pair?. atm follow the u/j.I think should be some correction follow E/U/
  • #385,553
  • Feb 13, 2011 12:48pm Feb 13, 2011 12:48pm
Staying away for now.
  • #385,554
  • Feb 13, 2011 12:50pm Feb 13, 2011 12:50pm
Quoting SunTrader
g,

You and me could do a trade between us on the phone exchanging dollars and euros and transfer details. That would be a trade. Would anyone care?

Tokyo Banks trading their pre-open and Frankfort/London/NYC Banks staffing levels at bare minimum is not what I would call open that anyone should care about either.

Except of course if a BIG news event happens over a weekend or a holiday period.
ok... but the retail brokers sure do follow the never close brokers in the form of a gap at times.
those who can, do. those who cant, talk about those who can
  • #385,555
  • Feb 13, 2011 12:58pm Feb 13, 2011 12:58pm
this is ganning doon before the morrow
  • #385,556
  • Feb 13, 2011 12:58pm Feb 13, 2011 12:58pm
Quoting pip1hunter
Hi Gator,You play e/j also,what do you think about this pair?. atm follow the u/j.I think should be some correction follow E/U/
haven't looked at it in a while.. japan owes 100% in gdp value. so any interest they pay is added to the 100%. this could go on forever or crash at any time. what is their central bank gonna do.. start paying negative rates?
if something does happen with the oil supply in the mid east japan will feel it more then anyone.
those who can, do. those who cant, talk about those who can
  • #385,557
  • Feb 13, 2011 1:00pm Feb 13, 2011 1:00pm
Quoting gatorinla
now 3512 low... maybe there will be a gap ( for those brokers that close) ... atm it dont look good for longs held over the weekend.. things can always change.. we will c.
3506 atm low
those who can, do. those who cant, talk about those who can
  • #385,558
  • Feb 13, 2011 1:02pm Feb 13, 2011 1:02pm
Euro current price: 1.3509
Trade what you see, Not what you think.
  • #385,559
  • Feb 13, 2011 1:03pm Feb 13, 2011 1:03pm
Quoting khizer
Euro current price: 1.3509
Thanks.
  • #385,560
  • Feb 13, 2011 1:06pm Feb 13, 2011 1:06pm
Quoting SunTrader
Technically the market is open. But since it is only certain brokers it is not THE market.
Dummes Zeug !

Exactly the opposite is the fact ... Interbank market is commonly known as 'the market' ... and there are only a few 'finance services' that cannot provide you all those global connections that are needed for that in order that you can benefit from direct access to the market ...

Your 'services' are sleeping then ... or are not able to give you this ... gute Nacht ... !

Highest been given 1.3553 ...

Lowest been taken 1.3516 ... since Banks are open for the week no. 7 ... and no gaps of course ... as nearly always ...



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