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  • #399,621
  • Mar 2, 2011 9:55pm Mar 2, 2011 9:55pm
woaah what fat finger pushed that button
  • #399,622
  • Mar 2, 2011 9:55pm Mar 2, 2011 9:55pm
Quoting speedster239
The bears are coming in two more hours.
Looks like the bulls are back now, hope this is a frankie fake
  • #399,623
  • Mar 2, 2011 9:56pm Mar 2, 2011 9:56pm
Hmm, what's this right here:
Attached Image (click to enlarge)
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  • #399,624
  • Mar 2, 2011 9:56pm Mar 2, 2011 9:56pm
good morning all...glad to see longs went good.
  • #399,625
  • Mar 2, 2011 9:57pm Mar 2, 2011 9:57pm
Quoting Honored
Looks like the bulls are back now, hope this is a frankie fake
DX has taken back half of its down spike, EUR hasn't yet. That's unusual.
  • #399,626
  • Mar 2, 2011 9:57pm Mar 2, 2011 9:57pm
Quoting Honored
Looks like the bulls are back now, hope this is a frankie fake
You beat me too it.
  • #399,627
  • Mar 2, 2011 10:02pm Mar 2, 2011 10:02pm
Quoting PayTheLimit
looks like this 3855/56, good area to note...

*noted*

got to run, bb for LO, good luck PTL,

OQ, if I dont see ya latter, have a good one...
Look Sharp/Trade Tight
  • #399,628
  • Mar 2, 2011 10:05pm Mar 2, 2011 10:05pm
Quoting OldQuant
What's the rumor and the news of which you write?
Rumor or speculation;

- Europeon central banks push the 'economy' issue & hint at raising rates
- It is 'known' that Germany wants more power within ECB so they aren't willing to bailout anyone else without more in return.
-general speculation that the economy is booming compared to before
- stress test are 'going good' just as before ... so banks are doing well ... {but they don't tell you that many of the failed banks were purchased by bigger banks}


the news imo

- Stress tests are poor
- China & Japan used their Euro reserves to buy up debt, they are almost if not completely out of reserves so no more debt buying.
- Euro debt was virtually unbought by private firms.
- In the U.S., U.S. said last year that China's holdings of our treasuries was at about 800bil, they announced that they made a mistake and it was actually around 1.1-1.2 trillion, 30% difference! {same general story with debt ridden countires}

Look at history, buy the rumor and sell the news.

Also, Germany's economy can't get much 'better ... as I stated before, people ask why good news sometimes leads to sell-offs for the associated country.

I think it is because the 'good' news verified what they had been speculating & it can't get much much better so they capped the market for the short term and are taking profits.

Just my opinion ...
  • #399,629
  • Mar 2, 2011 10:09pm Mar 2, 2011 10:09pm
Quoting torontobboy2
who said i trade automatically? ...

i have my stop losses in place. the program i use with mt4 automatically puts me to break-even and does all the things i want even if i am sleeping. i have set rules that this program executes. no feelings involved.
Who said you trade automatically? It looks like you did.

I was not dumping on you in any sense. I'm a great believer in automated trading, both for the "no feelings" discipline it locks in, but also the amount of time it saves, as you pointed out in your OP.

My sense is that you are in a small minority of traders who have been successful in implementing EA's in mt4. It is probably because of your time frame, and, I'd guess, because you trade logic is manageable.

Anyway, sincerely, well done, you.
  • #399,630
  • Mar 2, 2011 10:11pm Mar 2, 2011 10:11pm
current supports oh higher tf 3830 3809 3784 looking to a dip to go long
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  • #399,631
  • Mar 2, 2011 10:11pm Mar 2, 2011 10:11pm
Quoting Texas.Rich
Rumor or speculation;

- Europeon central banks push the 'economy' issue & hint at raising rates
- It is 'known' that Germany wants more power within ECB so they aren't...
Interesting. Thanks.
  • #399,632
  • Mar 2, 2011 10:14pm Mar 2, 2011 10:14pm
can go up
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  • #399,633
  • Mar 2, 2011 10:14pm Mar 2, 2011 10:14pm
Quoting OldQuant
Interesting. Thanks.
Sincerely or Sarcastically?

Not a newbie to trading but I am to this forum of course and as most forums go {assuming this is the same} .. you can be Warren F*k'n Buffet but you aren't welcome into the forum until you put in your time.

Or is this a rare commodity of the internet to where ones real life value out weighs the internet?
  • #399,634
  • Mar 2, 2011 10:15pm Mar 2, 2011 10:15pm
Quoting OldQuant
Who said you trade automatically? It looks like you did.

I was not dumping on you in any sense. I'm a great believer in automated trading, both for the "no feelings" discipline it locks in, but also the amount of time it saves, as you pointed out in your OP.

My sense is that you are in a small minority of traders who have been successful in implementing EA's in mt4. It is probably because of your time frame, and, I'd guess, because you trade logic is manageable.

Anyway, sincerely, well done, you.
okay looks like we missunderstood each other.
i do not have a 'system' that trades for me. i pick and chose my trades based on price action. i place my entry orders in mt4 at prices i want.. there is no moving average or whatever system i use that does calculations for me and tells me bias of the market. i do my own analysis.

the program i use with mt4 only does few things for me

1. break even at xxx pips
2. close xxx% position at xxx pip profit
3. stop is already there in mt4

and no all of my trades are not right. some do get me loss, but my losses are much smaller compared to my profits....
  • #399,635
  • Mar 2, 2011 10:18pm Mar 2, 2011 10:18pm
FWIW, there is very little aggressive size on either side of the market since the spike stalled up here. In that sense, sort of a mirror image replay of 24 hours ago. O mischief, thou art swift to enter in the thoughts of desperate men!

I'm going to have to check it in tonight. Watch that London open carefully. The trap has teeth.
  • #399,636
  • Mar 2, 2011 10:20pm Mar 2, 2011 10:20pm
Quoting torontobboy2
okay looks like we missunderstood each other.
i do not have a 'system' that trades for me. i pick and chose my trades based on price action. i place my entry orders in mt4 at prices i want.. there is no moving average or whatever system i use that does calculations for me and tells me bias of the market. i do my own analysis.

the program i use with mt4 only does few things for me

1. break even at xxx pips
2. close xxx% position at xxx pip profit
3. stop is already there in mt4

and no all of my trades are not right. some do get me...
I tried dong MA ea's with FXCM a while back, it was somewhat profitable but I was stressing more not knowing what trades were being placed rather then place them myself.

I also came to find out that I like the challenge and excitement of trading and interacting.

But the EA I used would just keep going until all trades averaged a profit and then it would close all the trades. Somewhat profitable but not quite enough to make it worth while.
  • #399,637
  • Mar 2, 2011 10:21pm Mar 2, 2011 10:21pm
Quoting OldQuant
FWIW, there is very little aggressive size on either side of the market since the spike stalled up here. In that sense, sort of a mirror image replay of 24 hours ago. O mischief, thou art swift to enter in the thoughts of desperate men!

I'm going to have to check it in tonight. Watch that London open carefully. The trap has teeth.
Check the trade ranges for support and resistance that I posted here OQ...

You can see where this last little dip took us to...again, 5m 200, but falls right into this support area.

http://www.forexfactory.com/showpost...stcount=399453
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #399,638
  • Mar 2, 2011 10:21pm Mar 2, 2011 10:21pm
Quoting Texas.Rich
Sincerely or Sarcastically?
No, sincerely. The first part was a good compilation of all the reasons why the EUR is up here, IMO. (I'm a fundamental bear on it for both economic and historical reasons)

And I didn't even look to see how long you've been around; he11, I joined New Year's Day.
  • #399,639
  • Mar 2, 2011 10:23pm Mar 2, 2011 10:23pm
Quoting OldQuant
FWIW, there is very little aggressive size on either side of the market since the spike stalled up here. In that sense, sort of a mirror image replay of 24 hours ago. O mischief, thou art swift to enter in the thoughts of desperate men!

I'm going to have to check it in tonight. Watch that London open carefully. The trap has teeth.
as stated a while back, these markets always range before news and rarely are 'highs' posted at the beginning of the month ... let alone the first week ...

Quoting Texas.Rich
?

....

I think we are range trading for a couple days here. No big spending is going to drive a trend under these circumstances, especially as the 'expected good news' from Europe came as expected.

But I am out of this now so good luck which ever way you want it to go. I am waiting until later on besides a little scalping of course.
  • #399,640
  • Mar 2, 2011 10:23pm Mar 2, 2011 10:23pm
oil high everyone is hurting..both eur and dollar...who will suffer the most?
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