Price is everything | Page 608 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EIP: Everything In Price (PIE) 16 replies

Everything to Nothing to get Everything? 7 replies

Price Is Everything - Lets Focus on Price and Swings 17 replies

Price is Everything (Long Term and Semi-Auto Edition) 26 replies

Everything You Wanted To Know About Electronic Trading, by Linda Bradford Raschke 0 replies

Attachments: Price is everything
Exit Attachments

Price is everything

  • #12,141
  • Edited 1:15pm Mar 10, 2011 12:39pm | Edited 1:15pm
Quoting bbakker
It was always on the cards that the rates were not going to be increased. CPI might be running at 4% but the economy is too fragile for them to raise interest rates at this stage. The market was expecting too much too soon and the sell off was going to happen. The MPC are between a rock and a hard place. Let's see what the MoM bring!
Buy on rumour, sell on news!

When the news and the sell came, Cable which had been going up when everything else was falling (the clue - a bit like Red's compression), had a lot of ground to make up. A lot of ground to make up to catch up with the others if you know what I mean!
  • #12,142
  • Mar 10, 2011 12:39pm Mar 10, 2011 12:39pm
Hmmm that zone held... should have longed, didnt like the PA... fucking markets today are pissing me off... missed 300 points >.<
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 6.png Size: 30 KB
  • #12,143
  • Mar 10, 2011 12:43pm Mar 10, 2011 12:43pm
Clearer ?

Quoting emene
Looks familiar ?
Attached Image (click to enlarge)
Click to Enlarge Name: eg.gif Size: 19 KB
Hello.
  • #12,144
  • Mar 10, 2011 12:51pm Mar 10, 2011 12:51pm
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 7.png Size: 32 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Picture 8.png Size: 31 KB


Adding to my EU longs... =/
  • #12,145
  • Mar 10, 2011 12:58pm Mar 10, 2011 12:58pm
Attached Image (click to enlarge)
Click to Enlarge Name: slv.jpg Size: 46 KB
  • #12,146
  • Mar 10, 2011 1:02pm Mar 10, 2011 1:02pm
fucking EU, hit my b/e 4 times today... enough
  • #12,147
  • Mar 10, 2011 1:32pm Mar 10, 2011 1:32pm
I like 1.3775-7.

Quoting lukaz_86
fucking EU, hit my b/e 4 times today... enough
Hello.
  • #12,148
  • Mar 10, 2011 1:34pm Mar 10, 2011 1:34pm
LOOLOO.
Attached Image (click to enlarge)
Click to Enlarge Name: loonie.gif Size: 17 KB
Hello.
  • #12,149
  • Mar 10, 2011 1:37pm Mar 10, 2011 1:37pm
Quoting Orbital
... fucking markets today are pissing me off... missed 300 points >.<
Ifs and buts Orb, so what if you missed 300 points! The markets aren't going anywhere! Just chill and let go! Plenty of opportunities will present themselves in the future. No need to get uptight about missed opportunities as it will affect your trading. I'm sure you will get that $5000 1st prize, sooner or later!
  • #12,150
  • Mar 10, 2011 1:38pm Mar 10, 2011 1:38pm
Missing is not losing. But I agree that I still don't know which one I hate most.

Quoting bbakker
Ifs and buts Orb, so what if you missed 300 points! The markets aren't going anywhere! Just chill and let go! Plenty of opportunities will present themselves in the future. No need to get uptight about missed opportunities as it will affect your trading. I'm sure you will get that $5000 1st prize, sooner or later!
Hello.
  • #12,151
  • Mar 10, 2011 1:43pm Mar 10, 2011 1:43pm
Its actually not about the prize money but about the trip to the Geneva forex convention

The trading contest is something i do on the side when im bored, you cant trade futures on that since its forex only.

I was more annoyed by my livetrades today which ive basically been in profit on every single one up until the point ive decided that doing 20-30 pips is not enough and i want a bullrun for 80 pips minimum... this is what cost me a bunch of money today.

I think ill watch some southpark and clear my head, im just going to be in scalping mode..

Edit: And i was annoyed about missing that futures trade since i basically called it like 1 hour before it got there and then i chickened out because of risking 30 pips... i mean wtf?
  • #12,152
  • Mar 10, 2011 1:48pm Mar 10, 2011 1:48pm
Also yeah.. missing is not loosing, but missing a trade is worse, ive looked through pairs and futures found the ones i wanted to trade.. silved reacted even before it went to the demand zone with a pin (see charts i posted)

And futures were heading to a major demand zone as seen by the 300 pip move up... so its kind of fucking ridiculous. What im pissed off about is longs being flushed out like rabbid animals today, nobody actually seriously believes that Moodys downgrading spain has any effect at all? How come they arent downgrading the USA when their federal government is having fucking budgetary issues and hitting the debt ceiling soon?

As i said earlier i get it, people move to treasuries and safer annuity havens whenever there is uncertainty in the market. But the amount of firepower you need to break the market this low is insane.
Also the MPC is fucking split on their Interesst rate decision, 4 voting against it, 3 are in favour and of those 3 in favour there are irreconcilable differences (im assuming so) because of their outlooks on how much it should be increased... meanwhile EU Interest rates are also likely to be risen next meeting which is fine with me...

I dont know i just really dont know, that AUD trade today... getting stopped by 0.7 pips... that really just drove me towards the brink of fucking madness today....
  • #12,153
  • Mar 10, 2011 1:49pm Mar 10, 2011 1:49pm
Great reflection!!

We have all been there and done that many times (many, many in my case)! You will recover and still hopefully get the prize!

Keep doing what works.


Quoting Orbital
Its actually not about the prize money but about the trip to the Geneva forex convention

The trading contest is something i do on the side when im bored, you cant trade futures on that since its forex only.

I was more annoyed by my livetrades today which ive basically been in profit on every single one up until the point ive decided that doing 20-30 pips is not enough and i want a bullrun for 80 pips minimum... this is what cost me a bunch of money today.

I think ill watch some southpark and clear my head, im just going to be in scalping mode..

Edit:...
  • #12,154
  • Mar 10, 2011 1:56pm Mar 10, 2011 1:56pm
Quoting Orbital
Also the MPC is fucking split on their Interesst rate decision, 4 voting against it, 3 are in favour and of those 3 in favour there are irreconcilable differences (im assuming so) because of their outlooks on how much it should be increased... meanwhile EU Interest rates are also likely to be risen next meeting which is fine with me...
I count 9 of the little wankers... I mean bankers!

Attached Image


6 are against (1 of those wants QE) and 3 are in favour. If prelim GDP figures released in April are not good, you won't see any interest changes until at the earliest, late Summer.

EU putting up interest rates is going to kill the periphery countries and could cause them to default! That won't be good news for the Euro!
  • #12,155
  • Mar 10, 2011 2:08pm Mar 10, 2011 2:08pm
Quoting bbakker
I count 9 of the little wankers... I mean bankers!

Attachment

6 are against (1 of those wants QE) and 3 are in favour. If prelim GDP figures released in April are not good, you won't see any interest changes until at the earliest, late Summer.

EU putting up interest rates is going to kill the periphery countries and could cause them to default! That won't be good news for the Euro!
I think you are wrong bbakker, Interest rates would not have an impact which would be done over the emergency bond programm, i think weber or trichet mentioned that in one of their speeches
  • #12,156
  • Mar 10, 2011 2:14pm Mar 10, 2011 2:14pm
Quoting Orbital
I think you are wrong bbakker, Interest rates would not have an impact which would be done over the emergency bond programm, i think weber or trichet mentioned that in one of their speeches
Thinking is very different to fact and if they did say that, they have to say that, otherwise the markets will get spooked. Greece is going to default on their debts, sooner or later. Ireland are wanting to reject the recent bail-out and the new parliament are currently in discussion. The winds are turning Orb... Let's see what happens!
  • #12,157
  • Mar 10, 2011 2:20pm Mar 10, 2011 2:20pm
Quoting bbakker
Thinking is very different to fact and if they did say that, they have to say that, otherwise the markets will get spooked. Greece is going to default on their debts, sooner or later. Ireland are wanting to reject the recent bail-out and the new parliament are currently in discussion. The winds are turning Orb... Let's see what happens!
Greece actually managed to cut its budget deficit by more than half so they are doing a good job at the cost of draconian cuts. That is why people are rioting.

I agree, lets see what happens, back to demand and supply ^^


Red still holding that Silver trade?
  • #12,158
  • Mar 10, 2011 2:21pm Mar 10, 2011 2:21pm
Quoting Orbital
I dont know i just really dont know, that AUD trade today... getting stopped by 0.7 pips... that really just drove me towards the brink of fucking madness today....
Yea today sucked, I got stopped out of AUD this morning also, very frustrating.

A great trader once told me that great traders know when not to trade, just shut down your platform and come back the next day. After waking up and seeing the London action, and watching the NY spx futures open.... this was probably one of those days.

SP500 futures pit traders got run the fuck over this morning, the ones that didn't call it a day got reamed again on that mid day ramp attempt. I love it when those locals get stuck.
  • #12,159
  • Edited 2:40pm Mar 10, 2011 2:23pm | Edited 2:40pm
Quoting Orbital
Also yeah.. missing is not loosing, but missing a trade is worse, ive looked through pairs and futures found the ones i wanted to trade.. silved reacted even before it went to the demand zone with a pin (see charts i posted)

And futures were heading to a major demand zone as seen by the 300 pip move up... so its kind of fucking ridiculous. What im pissed off about is longs being flushed out like rabbid animals today, nobody actually seriously believes that Moodys downgrading spain has any effect at all? How come they arent downgrading the USA when...
It was much more than just Moody's downgrade.

It started with the Asian stockmarkets falling because of the news out of China and Japan overnight.

Europe caught the contagion which was not helped by a major Fund Manager sending a note to his clients warning that the Euro was getting close to a break up stage.

Then came the Moody's downgrade.

Then came Fitch saying that Spain's banking sector shortfall which seemed to be around €38B could be around €100B under the worst-case scenario. This compared to the Spanish government's official view of €20B.

On top of that there was positioning ahead of the Euro meeting tomorrow.

Edit: Anyway, sod the news and sentiment. Let's just trade the reaction in the charts. In my experience having a bias usually negatively affecfts our judgement.
  • #12,160
  • Mar 10, 2011 2:35pm Mar 10, 2011 2:35pm
7 pips SL on a JPY pair...lol! We talked about this pair at the end of last week and it had been in a tight range all week.

I have already scaled out at 70 pips profit. Next target is on the chart... the source of the rally!

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 56 KB
9 traders viewing now