EURUSD

Well, if the probability of success is low it generally goes against my system in the first place. It would be a pretty crappy system otherwise.

Although, I personally think it never hurts to mix things up on rare occasions since no system is perfect.

And SirMcPip has a lot more confidence in the passage of Fair Tax (for Europeans, think VAT) and repeal of the existing tax code.

There's a very big, powerful lobby vested in the existing tax code. In some sense, it's yet another example of how the Tea Party is at odds with mainline Republican thought. I'd bet that most CPA's, who derive a large proportion of their billing revenue (to say nothing of the tax lawyers) vote Republican.

I'm not saying it isn't a good idea; I hate the complexity and injustice of the Internal Revenue code, but it's an idea that will face stiff opposition from all sides of the political spectrum.

Heavy support building on USDX on daily which should provide some downside to euro/usd

?

..... And cable

i checked my account and i found that i got additional 12000 USD
who has got better broker?

have a nice weekend

its tempting

Double bottom on Dixy Daily makes it more tempting
EDIT: I would call it tripple bottom with todays

Sorry for the delayed response but I will attempt to clarify; I don't do this often but you were polite.

Prices are not an indication of value. Remember that the market is a dynamic price-level specific inventory. This inventory is established by limit orders. I disagreed with the idea that sellers will wait to enter the market for higher prices and buyers will wait for lower; if you know with a high degree of certainty that price is going to print a specific value and current price > or < projected value print.. then it would be a fair assumption that the rational person will try to arb the strategies. For examples sake; Long-term your selling and positioning for a particular value print whereas intraday you will try to fill your LT sell orders; basically by buying based on a "signal" and exiting when short-term trend is against you.

Market orders move the market by eating up the various available quantities (provided by Government, LPs, MMs, DMMs, Clearing Members, etc, etc.) and different price levels.

This is the main caveat so ponder upon this; What happens when these market buyers rush out? The LT strategy (ie. the strategies WHO/THAT determine the market inventory) who provided the liquidity in the first place may decide the level of risk that was taken was enough and may not provide the same level of liquidity the second time around. What happens? The market orders try to find the liquidity, but LPs/MMs have already provided those levels and gave those buyers an opportunity to profit, and subsequently the price goes down HEAVY until it finds a LP or MM willing to provide the liquidity again.

Hope this helps.


P.S. You aren't reading it deep enough if all you got out of ECO 101 is concepts of supply and demand. Think about the "invisible hand," it's a super investor, an accumulation of each participants actions, no one individual can experience what the "invisible hand" experiences in 1 day of trading; not humanly possible.

SUPPLY = Limit orders
DEMAND = Today's market orders.

Supply and demand concepts are theory to rationalize the reality. Even economists, regardless of the number of textbooks written, have NOT come up with a consistent and correct model. If this was the case, people would not be studying economics or deriving new models.

So the problems in israel is over?

Good to hear

lol any thing can happen in the week end lets start fresh monday -+30pip so what , but the dam itchy fingers naaaaaaaaaa

just enjoy the weekend and fook it

Hey Guys, I am new here and the PA on EURUSD really compelled me to stop lurking and post. I am confused on a few things today.


I shorted around 1.3610 because there was a very nice 3 tap down trendline in tact last night on the 4H chart. A trend line that went back three weeks. There has also be positive US data (FOMC raising estimates, CPI, Philly Fed Index).

There was bad data out of the Eurozone, the current account was really bad and the GDP numbers a few days ago were all below expectations.

And I also felt as if Trichet was "yo-yoing" the pair by constantly dangling hawkish comments when ever the Euro started going down.

My trade was in the money last night, when the chatter about interest rate hikes hit again ( I was alseep). My frustration comes from the trade completely reversing and blasting 150+ pips up off of yet another ECB representative talking out of his ass...and the kicker was that eurozone CPI is nowhere near being far above their 2% target...So why would they raise interest rates anyway? That makes no sense.

true brother, you too. enjoy the weekend
enjoy pipe with a dip of camel toe ops.. i mean balls lol ..
Goodluck

E/U!!!!!

This week I finally traded the way I'd like to trade always, but it's very hard for me to do. I'm getting there though.
I'm observing and see that the one thing I have to improve in trading is....

PATIENCE

If you know for a fact that you will finally succeed and your dreams will come true, all you need is,..........

PATIENCE

I waited 4 days this week and added trades at every new low, and finally today my dream became true, I invested more than a Million US in CAD and yes I won the game.

11.35 AM MST this morning I closed my trade for 0.9870 and gained a huge amount of money. Thank you market for this great opportunity..

Happy weekend for all of you.

Shamu

It absolutely does indicate value at that particular moment. Value is naturally a variable and can and does jump all over the chart every second of every trading day but it is still a measure of value.

But I think we are talking about two different things here.

I'm talking about what turns not moves the market.

Limit, market, stops etc. are just order types and all related to supply/demand.

I want to post my Oanda chart and I've copied it to paint, but when I try to upload it tells me the file is too big.
Anyone has a solution for this?

do file> save as... then select jpeg format

Sorry, but I'm already taken

Yep. Print screen uses bmp (Windows bitmap/png) format, and FF doesn't like those. The intermediate step you state is necessary, or a screen capture share/free -ware that allows capture in jpg or tif.

wish u all a nice weekend...see you sunday eve....

phanti