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  • #411,461
  • Mar 22, 2011 11:11am Mar 22, 2011 11:11am
Quoting A-lonetrader
.....
You're right...

I forgot to add...Send me half of what is left in the account for consultation fees. The money is going to be gone in short order anyways, he might well capitalize on half of what is left and give me a cut...I will do a lot better job at finding a nice home for it, and will actually thank him, unlike his broker who will just sit back and continue to laugh at every subsequent deposit.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #411,462
  • Mar 22, 2011 11:12am Mar 22, 2011 11:12am
Quoting FishHead
I do, that's where I make my profits.
lost me there lol
  • #411,463
  • Mar 22, 2011 11:12am Mar 22, 2011 11:12am
Quoting Magix
Tin foil is cheap and you can google some pretty styling hats on the interwebs, don't let this little obstacle keep ya from learning...lol

Pres78 worked on one of the volume indies for the house, link below.
http://www.forexfactory.com/showthre...25#post4485525

Throw it onto a chart and see if it makes sense to ya....
Thanks, I'll try it out.
  • #411,464
  • Mar 22, 2011 11:12am Mar 22, 2011 11:12am
Finally, a short binding this morning. I still have to go with discipline and automated scoring in trend following, but, FW[little]IW, this just really seemed overcooked to me.

And can someone es'plain to me what was written above: why does higher oil prices support EUR/USD? I'm serious about that; I don't understand it.

And PTL: if you check back in today, have a good holiday. Even if you don't check back in, have a good holiday.
  • #411,465
  • Mar 22, 2011 11:14am Mar 22, 2011 11:14am
Quoting Magix
Yes, we have dropped below daily support and have not tested for resistance.

The longer tfs are still favoring the bulls, shorter says we hitting bear country and the immediate says we are bucking resistance all the way back to the turn of day.

I never really saw what I would call true signs of reversal here, so this could just be a little shakedown before the next topside attack...

1m will always be my fav chart, really, it don't take much to enter and exit trades...the other tfs create significant areas of trend targets...
There is a rejection on swing high on H4 that in my books always (ok most of the time) will point to the start of a pullback (and a reversal on the appropriate levels) but the range of the last h4 (pullback rejecting prev swing high) bar was big enough to almost complete the retrace in one go (I am referring to a retrace to H4 support at least at 1.416x btw)....still some pips left in my book as long as H4 keeps trading below yesterday close.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #411,466
  • Mar 22, 2011 11:18am Mar 22, 2011 11:18am
Quoting qwertymyfx
lost me there lol
It's those trades where I just go "F*ck it" and throw down an entry even though I have a bad feeling about it.
  • #411,467
  • Mar 22, 2011 11:19am Mar 22, 2011 11:19am
Quoting mofu.Dnewbie
http://91.193.194.98/invest/




thought i'd exposed some gentlemen i know
by just looking at the IP, its full of malware! you should delete this post as it is a risk to innocent individuals on ff....

thanx
  • #411,468
  • Mar 22, 2011 11:20am Mar 22, 2011 11:20am
Quoting FishHead
It's those trades where I just go "F*ck it" and throw down an entry even though I have a bad feeling about it.
Right, I see.
  • #411,469
  • Mar 22, 2011 11:20am Mar 22, 2011 11:20am
Quoting snatch
by just looking at the IP, its full of malware! you should delete this post as it is a risk to innocent individuals on ff....

thanx
Shit, I just opened it!
  • #411,470
  • Mar 22, 2011 11:23am Mar 22, 2011 11:23am
Quoting qwertymyfx
Shit, I just opened it!
You better huff it, your computer is about to explode.
  • #411,471
  • Mar 22, 2011 11:24am Mar 22, 2011 11:24am
Quoting sisse
There is a rejection on swing high on H4 that in my books always (ok most of the time) will point to the start of a pullback (and a reversal on the appropriate levels) but the range of the last h4 (pullback rejecting prev swing high) bar was big enough to almost complete the retrace in one go (I am referring to a retrace to H4 support at least at 1.416x btw)....still some pips left in my book as long as H4 keeps trading below yesterday close.

sisse
We only Dipped below Weekly roll and still seem to have it as support...

A Squeeze below for London close might be a better tell of if we can or should expect to see lower lows to follow...the day is still red, but not buy much, London close could spike back into positive territory and NY could go back into buying mode...

There is no doubt that we are at a critical market point, but I ain't one much for guessing...so, will just continue to take the quickies until I see what I need to see...

Weekly roll over on chart.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #411,472
  • Mar 22, 2011 11:24am Mar 22, 2011 11:24am
Quoting qwertymyfx
Shit, I just opened it!
malwarebytes dot org.
  • #411,473
  • Mar 22, 2011 11:30am Mar 22, 2011 11:30am
Quoting OldQuant
malwarebytes dot org.
i already opened it like 10 times and nothing has happened to my pc. so what do u mean by this? not nice bro
C.O.B.R.A FX - MENACE TO MY BROKER!!
  • #411,474
  • Mar 22, 2011 11:31am Mar 22, 2011 11:31am
Quoting OldQuant
malwarebytes dot org.
actually, it seems fine.
  • #411,475
  • Mar 22, 2011 11:33am Mar 22, 2011 11:33am
Quoting Magix
We only Dipped below Weekly roll and still seem to have it as support...

A Squeeze below for London close might be a better tell of if we can or should expect to see lower lows to follow...the day is still red, but not buy much, London close could spike back into positive territory and NY could go back into buying mode...

There is no doubt that we are at a critical market point, but I ain't one much for guessing...so, will just continue to take the quickies until I see what I need to see...

Weekly roll over on chart.
Agree. We are looking at the same picture. Will be difficult (and risky to trade intraday) to break back yesterday close today for a larger position.

Bulls have a strong line of defense now on the daily so I don't see anything critical yet on the macro picture...only H4 marking a small breath at the moment so as you said either quickies or trade something else in my case.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #411,476
  • Mar 22, 2011 11:33am Mar 22, 2011 11:33am
Quoting OldQuant
And can someone es'plain to me what was written above: why does higher oil prices support EUR/USD? I'm serious about that; I don't understand it.
My interpretation is ECB is quite focused on inflation in these weeks and this pushed higher expectations for a hike next April ; consequently yields differentials should attract euro vs usd. Also in the great scheme of the things regarding the war scenario in Libya, it seems there is not great safe to heaven into usd (see US bonds).
  • #411,477
  • Mar 22, 2011 11:33am Mar 22, 2011 11:33am
Quoting qwertymyfx
Shit, I just opened it!
looks like you need to buy a new hard drive!

never download or open or upload on internet sites unless it is a regulated site.... ff should do something about this... i am hunting lots of fools who tried to break into my computer, a MSC in forensic IT helps you follow the fuckers and gas them like vermin and they dont even know about it because they think a stupid malware and trojan can get them somewhere in life, loosers i say..
  • #411,478
  • Mar 22, 2011 11:49am Mar 22, 2011 11:49am
Quoting Magix
Especially when them pricks won't even send you a Christmas card...

There are a few things that I could suggest...

1. Larger positions, taking profit on partials, letting the rest ride.
2. Longer time frame trading, requires larger stops but can keep you from being a slave to the charts.
3. Shorter time frame trading, hit and run baby! Take what ya can until the next best thing comes along.
4. Visit Red's thread, learn a little more about Supply and Demand levels.
5. Stop in...
yes the vsa thread with the milky bar kid...your be flying LOL
rat
  • #411,479
  • Mar 22, 2011 11:52am Mar 22, 2011 11:52am
Quoting Vladimir1987
I love forex i lose so easy im sick of it.
Dont have the will to continue...


Good luck guys im giving it up.
How long have you been at this game?
  • #411,480
  • Mar 22, 2011 11:55am Mar 22, 2011 11:55am
Quoting paulg
My interpretation is ECB is quite focused on inflation in these weeks and this pushed higher expectations for a hike next April ; consequently yields differentials should attract euro vs usd. Also in the great scheme of the things regarding the war scenario in Libya, it seems there is not great safe to heaven into usd (see US bonds).
Thanks. That "expectations" linkage does make sense.

As much sense, that is, as a rate hike causing substantial appreciation in a currency. Here's what I mean by that, although this is real contrarian thinking and should be treated with due skepticism.

Take a 1% per annum increase in riskless yield. That's a big number. That increases yield flow by 10,000 per year per million. That's less than 30 per day. Now, what's 30 on a million, in forex terms? Not even one pip per day in the "carry trade."

Certainly that should increase forward rates, due to interest rate differential arbitrage and carry costs. But it also makes the cost of borrowing more expensive, which of course affects corporate profits and household budgets. So, economically, the euphoria that the spot markets exude on rate hikes makes about as much sense as, oh, reactions to NFP, or anything a Central Banker says, or any of the other things that move the flock hither and yon.

And you mention US bonds. Take a peek at the chart of Long bond v the EUR I posted last night. The bonds have been quite steady in the face of the rising EUR/USD.

I'm not saying this party is over. But I am saying that my opinion is increasingly that it should be.
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