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  • #417,641
  • Apr 4, 2011 6:38pm Apr 4, 2011 6:38pm
Quoting PipPipPip
soft talk by bernanke
of course... US must have some interest in keeping the dollar low... it's becoming predictable...
  • #417,642
  • Apr 4, 2011 6:41pm Apr 4, 2011 6:41pm
Quoting cammomile
I wouldn't say that it happens 100%, sometimes it does and sometime it doesn't. Forex market is too complicated for that, in my view. I prefer to look at the price action and support and resistance on a longer TF for a trend and to establish potential entries and exits. It is game of probabilities after all.
I never said 100%. Maybe its the mathematician in me, but I'm not comfortable with 100% because when you say that you are saying it happens EVERY time. I am glad you said it is a game of probabilities.Yes, it is a game of probabilities and the law of large numbers shows that the most volume,and the biggest pa movements, happen during the London session more so than any other session.
Now, if you have something happen thats out of the ordinary (like the tragedy in Japan) then you have to throw all your notions out. No indicator in the world can help you predict something like an earthquake.But when the markets return back to "normal" actions,this is what I've observed to be true more often than not.
Sure, you might see a huge move or reversal during another session, but I'm just trying to get my two 10-30 pip runs and live to see tommorrow.The mid to late London session usually gives that to me.
  • #417,643
  • Apr 4, 2011 6:43pm Apr 4, 2011 6:43pm
Quoting kaspopsicle

Care to share?
Honestly? No, I don't You could be right, but your SL is too small in my opinion. Move it above 1.4280 somewhere and watch PA. You will find clear rejections of 42 on 1 hour chart. Generally, you sold at a bad price at a bad time. You could have got a better price if you waited for it to go higher. Look on the daily chart, we are in the bullish trend by the way...
  • #417,644
  • Apr 4, 2011 6:51pm Apr 4, 2011 6:51pm
Quoting kaspopsicle
Helloooo... r you ignoring me ?

Any reason?

I'm really curious as to where you are coming from....with your charts etc.

Care to share?
Obviously it doesnt....

BUT.. moi has learned how to copy and paste 3 quotes in one post.
What a motivational thread!
Good and Happy trades all... i'm about to hit the sack.
All systems of divination, like music itself,work through patterns.
  • #417,645
  • Apr 4, 2011 6:51pm Apr 4, 2011 6:51pm
And on that note I'm done for the day.I've been at this for like 8 hours straight. I'm tired and wanna go watch the last college basketball game of the year.Hope all see green pips.Thanks to all that have helped me and hopefully I'll see you tommorrow.
  • #417,646
  • Apr 4, 2011 6:56pm Apr 4, 2011 6:56pm
Quoting cammomile
Honestly? No, I don't You could be right, but your SL is too small in my opinion. Move it above 1.4280 somewhere and watch PA. You will find clear rejections of 42 on 1 hour chart. Generally, you sold at a bad price at a bad time. You could have got a better price if you waited for it to go higher. Look on the daily chart, we are in the bullish trend by the way...
OMG... i havnt posted a trade .
R you Whut?
I'm not in a trade... honest Gov
.Dont wanna move it.Didnt take it in the first place.
Sh*t ..i'm wearing my tin foil to bed with this one around.
All systems of divination, like music itself,work through patterns.
  • #417,647
  • Apr 4, 2011 6:59pm Apr 4, 2011 6:59pm
What just spiked the USD? Anybody know??
  • #417,648
  • Apr 4, 2011 7:03pm Apr 4, 2011 7:03pm
Bernanke said he sees inflation...after that standard retoric...TT
  • #417,649
  • Apr 4, 2011 7:03pm Apr 4, 2011 7:03pm
Quoting Ineedpips9
I never said 100%. Maybe its the mathematician in me, but I'm not comfortable with 100% because when you say that you are saying it happens EVERY time. I am glad you said it is a game of probabilities.Yes, it is a game of probabilities and the law of large numbers shows that the most volume,and the biggest pa movements, happen during the London session more so than any other session.
Now, if you have something happen thats out of the ordinary (like the tragedy in Japan) then you have to throw all your notions out. No indicator in the world can...
It is great that you have found something that works for you. This is what it is all about in trading.
  • #417,650
  • Apr 4, 2011 7:03pm Apr 4, 2011 7:03pm
I was wondering the same thing, finally put in a buy with all indications of an increase and next thing i know the eur drops like a rock.
  • #417,651
  • Apr 4, 2011 7:04pm Apr 4, 2011 7:04pm
Quoting Tomlas
What just spiked the USD? Anybody know??
heavy selling - bernanke. some big money just scalped a good amount. taking out weak longs
  • #417,652
  • Apr 4, 2011 7:04pm Apr 4, 2011 7:04pm
Quoting Tomlas
What just spiked the USD? Anybody know??
Its a 30 pip intra day move, I think you can hardly consider that a spike.
  • #417,653
  • Apr 4, 2011 7:05pm Apr 4, 2011 7:05pm
Quoting Tomlas
What just spiked the USD? Anybody know??

ben bernankes speech brother
  • #417,654
  • Apr 4, 2011 7:05pm Apr 4, 2011 7:05pm
Quoting Tomlas
What just spiked the USD? Anybody know??
Bernankes Comments on Housing and Inflation apparently. But its just big banks repositioning themselves or smaller funds chasing stops.

Wouldn't worry to much about it

Edit: Take these opportunities to reposition yourself or scalp the market.

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  • #417,655
  • Apr 4, 2011 7:06pm Apr 4, 2011 7:06pm
It's retraced 50% so far but I sure don't know what happened. Can one institutional trade move the mkt that much?
  • #417,656
  • Apr 4, 2011 7:07pm Apr 4, 2011 7:07pm
Quoting Orbital
Bernankes Comments on Housing and Inflation apparently. But its just big banks repositioning themselves or smaller funds chasing stops.

Wouldn't worry to much about it

Edit: Take these opportunities to reposition yourself or scalp the market.

Attachment
OK thanks for the info.
  • #417,657
  • Apr 4, 2011 7:07pm Apr 4, 2011 7:07pm
Quoting Tomlas
It's retraced 50% so far but I sure don't know what happened. Can one institutional trade move the mkt that much?
They can move it wherever they want.
Today's zone = Tomorrow's opportunity!
  • #417,658
  • Apr 4, 2011 7:07pm Apr 4, 2011 7:07pm
Quoting kaspopsicle
OMG... i havnt posted a trade .
R you Whut?
I'm not in a trade... honest Gov
.Dont wanna move it.Didnt take it in the first place.
Sh*t ..i'm wearing my tin foil to bed with this one around.
You sound like a psychologically unstable person (at least from your posts here). Go see a doctor before you even post here, let along put any trade on.
  • #417,659
  • Apr 4, 2011 7:10pm Apr 4, 2011 7:10pm
Do I need to get the Jell-o out Kas? Gator is not around. It's usually his job.
Nothing worth having is easy.
  • #417,660
  • Apr 4, 2011 7:16pm Apr 4, 2011 7:16pm
Quoting Ineedpips9
.......... Have you ever been the trader that goes for 10-30 pips, have you always been going for the bigger scores?
Do you watch the screen all day, or leave it alone after you've pulled the trigger?
Of course I started as so many do believing that the shorter the timeframe the safer and more productive I could be. All the while having others more smarter than me asking me "why are you killing yourself" trying to beat Wall Street (this was stocks at the time) at their game.

Then when I moved into futures first and then added forex second I moved out to longer timeframes and things became more rational for me. Not saying others can't trade 1 minute/5 minute charts profitably.

But if someone can trade they can trade any timeframe seeing how markets are fractal and one timeframe fits inside another which fits inside another, so why not go where the real money and little less stress is.

If I'm home, on most days I do watch the screen while my trades are on but I leave them alone (stops in place) unless of course some crazy PA pops up out of nowhere.
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