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  • #417,181
  • Apr 3, 2011 4:50pm Apr 3, 2011 4:50pm
I am usually a short-term trader but when we get close to major TLs, I like to pay attention....
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  • #417,182
  • Apr 3, 2011 4:52pm Apr 3, 2011 4:52pm
Markets were crazy last week, IMO. Don't mean just the EUR; it was actually sort of well behaved; too well behaved a couple of the days for my strategy. I mean USD related stuff. Oil. Grains. Limit moves in one, not in others.

If the long awaited rate hike meme comes this week, it might be a nothingburger, as some above suggest it might be. And what's with this opening? It's like the weekend never happened. Can hardly see it on my charts, except a bar is missing (that's how IB does it).
  • #417,183
  • Apr 3, 2011 5:01pm Apr 3, 2011 5:01pm
Two full tick spreads on IB. Almost never see anything that wide. No body's home, I guess.
  • #417,184
  • Apr 3, 2011 5:03pm Apr 3, 2011 5:03pm
Potenzial (+06) bullish ... changed from +02 to +06 ...

Elliott points up ... as infinitus has been mentioned before ...

Central PP zone around 1.4177 ...

We should expect to see lower levels at first ... maybe something around that zone or even 1.4154 - 1.4132 area later again ...

Range since Wellington open has been between 1.4247 and 1.4222 until now ...

Later we may find us in a buy on dips scenario then ...

First down then up ... and then corrective downside again ... in case of three major moves ...



;-|
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Click to Enlarge Name: 2011-04-03_23h44_ EURUSD _ min005 _ (200) candle + PP + ST10.PNG Size: 22 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #417,185
  • Apr 3, 2011 5:09pm Apr 3, 2011 5:09pm
Quoting OldQuant
Might be that a lot of regular posters were either disgusted by a breakdown in decorum....

Yeah... the thread has made new Lows for the last 2 consecutive weekends... It actually hit a -162% fib extension I pulled from a couple months ago.

I predict a bounce back toward Slightly Saner Posting and then a break back thru support to a full -200% extension by the 18th of April, (the next full moon). :nerd:

At that time, the cesspool will require pumping before further use.
FUBAR...
  • #417,186
  • Apr 3, 2011 5:14pm Apr 3, 2011 5:14pm
Quoting suthmo
4220 close weekend. Mon back down to 4155 12pm and from there to 4310 monday close. Tue 4165 buy to 4320
short 4230 t4155 +6 sl248 giggidy
Founder of Sutherland Wave Principle
  • #417,187
  • Apr 3, 2011 5:22pm Apr 3, 2011 5:22pm
So we're burning in a liquidity providing, swing scalping strategy, which I'm watching run on a simulated client on GoToMyPC while doing this. Places 100K on a side, all rollovers, always in, so $10 a tick gross.

Just saw it was up $258, or net maybe 30 ticks. How could that be, I wondered? Well, it was sitting 300K long. Uh, huh.

Last week I said, "Have it check to get the position before trading, and adjust the application's book to it."

"No," said the programmer. "Can't absord the 300 ms latency in a non-synchronous price arrival environment ; events will be dropped. Beside, there's no need. It can't get out of synch." What he meant was he was too lazy to buffer the price arrivals in the application.

Back to the drawing boards, boys. Going to keep it up, though, now that I traded it back to 100 short manually. But ain't ready for the real gelt yet, for sure.
  • #417,188
  • Apr 3, 2011 5:28pm Apr 3, 2011 5:28pm
Quoting ak4x
I predict a bounce back toward Slightly Saner Posting and then a break back thru support to a full -200% extension by the 18th of April, (the next full moon). :nerd:
Now this has made Warren Zevon's Warewolves of London get stuck in my head.

Might have to 'Tube it. Hair of the dog, don't you know.
  • #417,189
  • Apr 3, 2011 5:34pm Apr 3, 2011 5:34pm
Quoting ak4x
Yeah... the thread has made new Lows for the last 2 consecutive weekends... It actually hit a -162% fib extension I pulled from a couple months ago.

I predict a bounce back toward Slightly Saner Posting and then a break back thru support to a full -200% extension by the 18th of April, (the next full moon). :nerd:

At that time, the cesspool will require pumping before further use.
lol.

Many of the real and good posters have left. Who can blame them.

In between noise, trash. insults and zero social skills is difficult to have the minimum exchange of opinions. The worse part is not the "muppets" or the spammers but some of the so call it "altruistic master experts" that appear to give with one hand but end up taking away even more with the other with their attitude.

In my case, my approach is the "scalper" approach to the thread: Hit and run. Despite all this, I still find few but very interesting views and posters with who I exchange comments keeping a blind eye on the rest.

Best of luck this week to you and all this week.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #417,190
  • Apr 3, 2011 5:35pm Apr 3, 2011 5:35pm
Quoting ak4x

I predict a bounce back toward Slightly Saner Posting and then a break back thru support to a full -200% extension by the 18th of April, (the next full moon). :nerd:

.
AK i have 17 of april on my chart (calender)
Mohan
  • #417,191
  • Edited 5:55pm Apr 3, 2011 5:43pm | Edited 5:55pm
howdy all, no hold above new dr1 pivot and no extension from friday as of yet...

so what's the concensus?

as kill says, no break and no shake...

I fancy range continuation 405x to 424x give or take, then we're looking at developments come thursday's ecb rate release, oh and uncle black hawk due to speak + other fomc activity in the run up...

let's see...

lot's of green Price Interest Points to all this week...
  • #417,192
  • Apr 3, 2011 5:46pm Apr 3, 2011 5:46pm
juz shorted eur @ 4220. Gd luck peeps
  • #417,193
  • Apr 3, 2011 5:51pm Apr 3, 2011 5:51pm
Quoting Clairvoyant
juz shorted eur @ 4220. Gd luck peeps
Promise I didn't copy you :
http://www.forexfactory.com/showthre...99#post4518699
  • #417,194
  • Apr 3, 2011 6:10pm Apr 3, 2011 6:10pm
right chart and dealing platform off, market seems about as dead as this thread, good night's sleep is in order...

bb for london...

some bedtime reading...
Attached File(s)
File Type: pdf EmotionFreeTradingBook.pdf   484 KB | 380 downloads
  • #417,195
  • Apr 3, 2011 6:19pm Apr 3, 2011 6:19pm
Quoting FibbinArchie
right chart and dealing platform off, market seems about as dead as this thread, good night's sleep is in order...

bb for london...

some bedtime reading...
Been looking for this publication for a while.
THANKS
  • #417,196
  • Apr 3, 2011 6:46pm Apr 3, 2011 6:46pm
Twenty one minutes since the last post, and that one was Archie signing off. This is really a darn shame.

I might have to go back to reading flyer talk dot com, where the most interesting things are guys complaining how uncomfortable the beds are in the uber-first class compartments on Emirates or Singapore airlines' A380's, or how the vintage of wines on the trans-Atlantic runs on United have suffered from the merger.

Anyway, this scalp application is behaving itself now, and actually making a little money (about 1.5 pips per trade after commish, which is just about what I expected with limit orders into the bid and offer pools, and flipping back to following when a market excursion is detected (a break even proposition).

That is what I really want this for: if the trend following bindings can be rolled over with close to zero expectation, then the binding levels can be moved much closer to the price action, and the position sizing can stay bigger for longer. For an added 50 pips or so on a trend roll, I'll gladly help out the broker's bottom line with high frequency trading at the roll points for a couple hours.
  • #417,197
  • Apr 3, 2011 6:49pm Apr 3, 2011 6:49pm
Quoting chazzle
Promise I didn't copy you :
http://www.forexfactory.com/showthre...99#post4518699
oh u short too? oh well, i cut @ 4230, eur bull are strong... tried to short a small one, but looks like price either side or up...

my long @ 4180 still there, but aint comfortable bout this trade as i came in late after signal and hit market, got a feeling my stop for the long @ 4180 might get hit -.-... oh well, still holding long.

hmm, as long as it can stay below 4220, i think it shld be able to go down some.. guess i'll check it out later

gonna try some small shorts higher i guess.

gd luck peeps
  • #417,198
  • Apr 3, 2011 6:50pm Apr 3, 2011 6:50pm
Just wondering why you sold euro and why you are so happy about it

was it the fact that we ended at high of day on friday that made you so bearish ? lol ....

I often wonder why so many lose so much money in this game ... but this post explains why.

I wish you luck with the trade...but at the moment everything from 15 min chart all the way to weekly is pointing to higher prices this week. I hope your risk is well managed.

Quoting Clairvoyant
juz shorted eur @ 4220. Gd luck peeps
Blogging daily now at www.volume.zone
  • #417,199
  • Apr 3, 2011 6:52pm Apr 3, 2011 6:52pm
there is a large sell zone above us at 1.4480. My bet is that this gets hit before there is any significant signs of a retrace.

Buying dips maybe the best option till 1.4060 is taken out.

Quoting Clairvoyant
yea man... damn, i cut @ 4230, oh well, damn eur bull are strong... tried to short a small one, but looks like price either side or up...

oh well, my long @ 4180 still there, but aint comfortable bout this trade as i came in late after signal and hit market, got a feeling my stop for the long @ 4180 might get hit -.-... oh well, still holding long.

gonna try some small shorts higher i guess.

gd luck peeps
Blogging daily now at www.volume.zone
  • #417,200
  • Apr 3, 2011 6:55pm Apr 3, 2011 6:55pm
Not all sins are created equal
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