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  • #400,321
  • Mar 3, 2011 11:28am Mar 3, 2011 11:28am
Quoting PayTheLimit
whatzzzupp...
YO DUKEY! Pick up da phone!!!
  • #400,322
  • Mar 3, 2011 11:29am Mar 3, 2011 11:29am
Quoting Venice
YO DUKEY! Pick up da phone!!!
good one...lol
Look Sharp/Trade Tight
  • #400,323
  • Mar 3, 2011 11:29am Mar 3, 2011 11:29am
http://mpettis.com/2010/11/chinese-i...pean-defaults/

Just an interesting web site and the thoughts of Michael Pettis (http://mpettis.com/about/)
  • #400,324
  • Mar 3, 2011 11:30am Mar 3, 2011 11:30am
what did I miss...anything?
Look Sharp/Trade Tight
  • #400,325
  • Mar 3, 2011 11:30am Mar 3, 2011 11:30am
Quoting PayTheLimit
whatzzzupp...
yurrow vs. dullah...
  • #400,326
  • Mar 3, 2011 11:33am Mar 3, 2011 11:33am
lets take a roll, what are your takes of trichet's announcement towards eur? strengthen or weaken throughout the year?
  • #400,327
  • Mar 3, 2011 11:33am Mar 3, 2011 11:33am
Quoting Venice
LOL. I hate that... Daily chart trading is as crazy as it comes. Extreme patience is needed. I use the same strategy as I do on the 5m/15m, but sometimes it does take me a few bars to get into a profit, or realize I was wrong.

Same deal with the daily. Except there are times it takes a full week to determine if I was wrong or right, especially if price decides it wants to start consolidating, which is the worst!!

I only play in the direction of + swap rates as well. I'll be damned if I am going to wait a full week for price to make up it's...
I trade off the dailies most of the time... it is all about the timing of entry
  • #400,328
  • Mar 3, 2011 11:38am Mar 3, 2011 11:38am
Quoting PipPipPip
lets take a roll, what are your takes of trichet's announcement towards eur? strengthen or weaken throughout the year?
gut feel guess: ez rate hike disappoints, qe gets majorly scaled back, ez debt problems come back to the fore, eu sub 1.18 by year end, just an absolutely wild guess...
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  • #400,329
  • Mar 3, 2011 11:39am Mar 3, 2011 11:39am
Quoting bbakker
I trade off the dailies most of the time... it is all about the timing of entry
i agree. there is a lot of discussion about timing of entry as critical points in entering for trades on daily. given many options to enter, what is your most successful point of entry on the daily?
  • #400,330
  • Mar 3, 2011 11:40am Mar 3, 2011 11:40am
Quoting PipPipPip
i agree. there is a lot of discussion about timing of entry as critical points in entering for trades on daily. given many options to enter, what is your most successful point of entry on the daily?
Mine certainly hasn't been the close. Gotten smoked on every single attempt at that one.
  • #400,331
  • Mar 3, 2011 11:41am Mar 3, 2011 11:41am
Quoting PipPipPip
lets take a roll, what are your takes of trichet's announcement towards eur? strengthen or weaken throughout the year?
strengthen ...

but for me FX is a bit like weather forecasting ... and I never trust a calculation that tries to look foreward more than three days ...

Weekly trend is bullish

Three days trend is bullish

Daily trend is bullish

this alone does not help you at all ... in case you like to trade as precise as possible. So what ... I'm not twiddle thumbs and staring screens ... I like action ... and I am more than content with the day ... specially the rejection at 1.3833 was a great fun ... as this has been exactly what I was expecting since yesterday ... and it is a slap for all those who are not familiar with pivotal approach ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #400,332
  • Mar 3, 2011 11:42am Mar 3, 2011 11:42am
before & after

and the trade
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #400,333
  • Mar 3, 2011 11:46am Mar 3, 2011 11:46am
Quoting Venice
Mine certainly hasn't been the close. Gotten smoked on every single attempt at that one.
daily can really take a toll on some folks... what do you mean you certainly hasn't been a close?
  • #400,334
  • Mar 3, 2011 11:47am Mar 3, 2011 11:47am
Quoting PipPipPip
daily can really take a toll on some folks... what do you mean you certainly hasn't been a close?
oh, btw, daily works great for me. all i use.
  • #400,335
  • Mar 3, 2011 11:47am Mar 3, 2011 11:47am
Quoting PayTheLimit
what did I miss...anything?
Attached Image
  • #400,336
  • Mar 3, 2011 11:47am Mar 3, 2011 11:47am
Quoting mercy seat
strengthen ...

but for me FX is a bit like weather forecasting ... and I never trust a calculation that tries to look foreward more than three days ...

Weekly trend is bullish

Three days trend is bullish

Daily trend is bullish


;-|
Exactly. Thats why I made my longs 6h before Mr.Trichet spoke.

I was going for 3905 yet it was overshooted. Weekly, Daily, Hourly up...why do i need mr. Trichet to speak?

Thanks anyway Mr. Trichet I appreciate ur hawkish speech
  • #400,337
  • Mar 3, 2011 11:47am Mar 3, 2011 11:47am
Got a measly 20 pips this morning (still better than nothing ) but missed the big ride because of work.

Hoping for it to drop to approx 1.3905 level
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Disclaimer: Check your 1m charts
  • #400,338
  • Mar 3, 2011 11:47am Mar 3, 2011 11:47am
Quoting samdani786
before & after

and the trade
and you got stopped out.. would have been a nice trade.
  • #400,339
  • Mar 3, 2011 11:48am Mar 3, 2011 11:48am
Quoting PipPipPip
daily can really take a toll on some folks... what do you mean you certainly hasn't been a close?
Every time I have tried to initiate a position based on the daily candle close I have either experienced heavy draw down, or was just completely wrong in my direction...

Yeah... it's me. lol
  • #400,340
  • Mar 3, 2011 11:49am Mar 3, 2011 11:49am
Quoting kill56
what up brother...
Look Sharp/Trade Tight
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