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  • #404,061
  • Mar 10, 2011 6:50am Mar 10, 2011 6:50am
Quoting Mr Hatch
not just yet, I want a close below 3790, daily preferred, to keep smiling. this is an obvious bounce- or dick around area, so staying below 3850 might help.

i closed my short from asia and stay flat for the moment.
Am look for 3713 there only i see bouncing . Everything still looking good bro
  • #404,062
  • Mar 10, 2011 6:50am Mar 10, 2011 6:50am
Quoting adamski
any one have idea why this level 1381820 is so hard to brake??

All day long we are bouncing from it ??!
404095

take a look at higher timeframes. the horizontal view is also awesome.
  • #404,063
  • Mar 10, 2011 6:51am Mar 10, 2011 6:51am
Quoting infinitus
Hi Cloggie,

yes, that is right. And that leads to the main problem of most retailers: thinking of making a quick buck without sufficient cash in account, which leads normally to heavy overleverage. I normally use a leverage between 1:5 and 1:10. In times when I am more than confident (very high prob setup) I will go to 1:30.

When the USA get their limitations with max leverage of 1:50 most of the traders complained. I thought at that time: so what - seems healthy.

I trade at Dukascopy and the "normal" spread is often around 0.8 + commission....
There are still many foreign brokers that offer and will continue to offer American clients the same or better leverage options than before. Dodd Frank was a bill written by politicians to cover their arses. The thousands of pages of documents that noone read awaits easy legal challenges by anyone with the slightest of nerves. The people that wrote that bill could not tell you what leverage is....
Do your time and enjoy the ride...
  • #404,064
  • Mar 10, 2011 6:52am Mar 10, 2011 6:52am
Quoting cloggie
I tried really hard to help the kid out, hope he listened to it. I eventually got him to move his stop to 3930 so unless he chickened out he should be fine.

I am still waiting for my target I posted yesterday.
I thought about that last week, if i can follow the daily with a intraday setup a 50 pip stop should be needed as i thought but i got caught yesterday shorting the b..ch...

Will see how it goes, last week had a good one but closed at 72 pip profit- it run to 250 pip potential profit....

Next time
  • #404,065
  • Mar 10, 2011 6:52am Mar 10, 2011 6:52am
Quoting adamski
any one have idea why this level 1381820 is so hard to brake??

All day long we are bouncing from it ??!
Maybe this:
Attached Image (click to enlarge)
Click to Enlarge Name: 03102011 fib fan eurusd.jpg Size: 232 KB
  • #404,066
  • Mar 10, 2011 6:53am Mar 10, 2011 6:53am
ha ha, nice one i only trade from 8am london so for me it is not moving i got some scalps ok but i'm waiting fo a proper mover, maybe after news.
  • #404,067
  • Mar 10, 2011 6:55am Mar 10, 2011 6:55am
Quoting Good Fortune
There are still many foreign brokers that offer and will continue to offer American clients the same or better leverage options than before. Dodd Frank was a bill written by politicians to cover their arses. The thousands of pages of documents that noone read awaits easy legal challenges by anyone with the slightest of nerves. The people that wrote that bill could not tell you what leverage is....
Well, they are not alone.

Ask some people here at which leverage they trade and how they define it........
  • #404,068
  • Mar 10, 2011 6:56am Mar 10, 2011 6:56am
Quoting infinitus
Well, they are not alone.

Ask some people here at which leverage they trade and how they define it........
I would still give them the edge.... Of course easy to me is subjective.
Do your time and enjoy the ride...
  • #404,069
  • Mar 10, 2011 6:56am Mar 10, 2011 6:56am
Quoting infinitus
Maybe this:
haha, you missed one
  • #404,070
  • Mar 10, 2011 6:56am Mar 10, 2011 6:56am
i wonder if any body trading this shitty PA its camel time
  • #404,071
  • Mar 10, 2011 6:59am Mar 10, 2011 6:59am
Quoting kill56
i wonder if any body trading this shitty PA its camel time
I thought is Co CO Nut time
  • #404,072
  • Mar 10, 2011 6:59am Mar 10, 2011 6:59am
Quoting adamski
ha ha, nice one i only trade from 8am london so for me it is not moving i got some scalps ok but i'm waiting fo a proper mover, maybe after news.


LOL That was not meant to be funny. OK, hard to see.

We are at the 61.8 fib fan line (6038 to 18x)
  • #404,073
  • Mar 10, 2011 7:00am Mar 10, 2011 7:00am
Quoting infinitus
Maybe this:
Or this.
Attached Image (click to enlarge)
Click to Enlarge Name: p1.gif Size: 9 KB
You can remain irrational longer than you can remain solvent.
  • #404,074
  • Mar 10, 2011 7:01am Mar 10, 2011 7:01am
Quoting Good Fortune
There are still many foreign brokers that offer and will continue to offer American clients the same or better leverage options than before. Dodd Frank was a bill written by politicians to cover their arses. The thousands of pages of documents that noone read awaits easy legal challenges by anyone with the slightest of nerves. The people that wrote that bill could not tell you what leverage is....

Do not under any circumstances as a US resident use a foreign broker that is not regulated by the US as required, you are guaranteed to be ripped of and lose your money. Only a fraudulent broker would accept a US resident without being regulated.
  • #404,075
  • Mar 10, 2011 7:01am Mar 10, 2011 7:01am
Global stocks are trading weaker with the European Euro Stoxx 50 index down -0.71% and March S&Ps down -5.80 points. Treasuries and the dollar are higher, with the dollar index at a 1-week high, while most commodities fell after Chinese and German exports unexpectedly declined and Moody's Investors Service cut Spain's credit rating by one level to Aa2, saying the government has underestimated the cost of shoring up the banking industry. Moody's forecasts that Spanish lenders will need as much as 50 billion euros ($69 billion) to meet new capital requirements, more than the 20 billion-euro estimate seen by the government. Moody's adds the risks to Spain's public finances are "skewed to the downside" and the outlook is "negative," which suggests more rating cuts are under consideration. The euro slid to a 1-week low against the dollar as the cost to insure European government debt rose. The cost to insure Spain's government bonds rose 8 bp to a 1-month high of 258, while the cost to insure Portugal's debt rose 8.5 bp to a 2-month high of 505.5, and the cost to insure Greek debt climbed 6 bp to a record 1,040, according to CMA. European stocks were also pressured after Jan German exports unexpectedly fell -1.0% m/m, weaker than market expectations of a +0.7% m/m increase. As expected, the BOE kept its benchmark rate unchanged at 0.50% and kept its asset purchase target at 200 billion pounds ($324 billion).

The Asian stock markets today closed lower with Japan down -1.46%, Hong Kong -0.82%, China -1.76%, Taiwan -1.22%, Australia -1.43%, Singapore -0.56%, South Korea -1.22%, India -0.77%. Chinese stocks closed lower and weighed down other global equity markets after China reported an unexpected -$7.3 billion trade deficit in Feb. Feb China exports rose +2.4% y/y, the least in 2 years, while Feb imports climbed +19.4% y/y. The weakness in Chinese exports undercut other world stock markets on concern a slowdown in China, the engine of world growth, may also slow the global economy as well. Japanese stocks were also pressured after Q4 Japan GDP was revised down to -1.3% annualized, more than the -1.1% previously reported, because of a downward revision to capital investment and consumer spending. The Bank of Korea raised the benchmark 7-day repurchase rate by 25 bp to 3.00%, the second rate increase this year, after inflation exceeded the central bank's target ceiling for 2 consecutive months.
  • #404,076
  • Mar 10, 2011 7:02am Mar 10, 2011 7:02am
gave any pips i made on tues and yesterday back to the market today, trying to make sense of what just seems to be congestion for the past few hours, oh well will look on it as part of the learning curve
  • #404,077
  • Mar 10, 2011 7:02am Mar 10, 2011 7:02am
Quoting AcidH4X
Bears won.
Quoting cloggie
What are you on? We are ranging/accumulating, nobody has won anything unless you trade the 5 sec chart.

See what I mean. Learn to recognise when and why price is stalling, find the pattern it forms and trade the breakout, knowing the exact percentage of each breakout, which side it favours and recognise the fake 'n shakes. If you can't do all of that comfortably, use a coin. If you can't figure out how to flip a coin, think why I would be wasting my time here instead of focusing on trading.
  • #404,078
  • Mar 10, 2011 7:02am Mar 10, 2011 7:02am
Quoting infinitus
LOL That was not meant to be funny. OK, hard to see.

We are at the 61.8 fib fan line (6038 to 18x)


Forget that for a while - have to chart it new because of a fault in the program
  • #404,079
  • Mar 10, 2011 7:05am Mar 10, 2011 7:05am
Quoting PayTheLimit
I'm watching...3824 below, and 3858/61 above...
if that goes, I'm looking for 3786ish...its been a battle..
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.gif Size: 10 KB
Look Sharp/Trade Tight
  • #404,080
  • Mar 10, 2011 7:06am Mar 10, 2011 7:06am
Quoting infinitus
LOL That was not meant to be funny. OK, hard to see.

We are at the 61.8 fib fan line (6038 to 18x)
thx

lets wait for news and see
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