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  • #418,501
  • Apr 6, 2011 1:01pm Apr 6, 2011 1:01pm
Quoting paul1
The difference between technical and fundies tecs happen in front of you now ,fundies are like a background view .Thats how i use them.

Kind of look at were oil has been over a period of days /weeks ,if it maintains the levels then when the petrol stations next stock up they will pay more for the petrol/diesel. you will pay more ,trucking firms pay more everything they deliver goes up ,the factories that make stuff need fuel ,so delivery and manufactoring go up.

US imports the vast majority of oil ,everything they make is dearer ,exports suffer...
Interesting.Very Interesting. I've been a tech trader pretty much from day one, but over the past couple of months have been getting more intrigued with fundamentals,espicially after the earthquake.My philosophy, like alot of other techs,is that the fundamentals will be shown on the tech charts.I'm now getting more into learning what exactly are influencing my charts, so I might be able to be on the lookout for possible spikes or reversals.
I'm currently half way done with reading a great book called "the secrets of economic indicators" second edition by bernard baumohl. Simply AMAZING source for those that need further clarrification on certain economic news reports. It gives great detail into what each economic news reports mean and how they impact all the different markets(stocks,commodities,currencies,etc.).
As for fibre, waiting on the sidelines to see what the pa does.At this time of day I feel its best to stay on the sidelines,espicially after a good ride up/down.
Usually, I don't place too many trades after 2,but most of my pairs have been on a steady ride up lately, so I might look for a good breakout after this little stall.We'll see.
  • #418,502
  • Apr 6, 2011 1:11pm Apr 6, 2011 1:11pm
Quoting Gleneagles
+68 ( 6 x 12 ) -4

+6.8%

mtd +117

11.7%




You'll enjoy this live cam:
http://soaringcafe.com/2011/03/decorah-eagles-livecam/
  • #418,503
  • Apr 6, 2011 1:17pm Apr 6, 2011 1:17pm
Quoting Faller
and if I was calling a top....and it came true....would that make me a genius?
I know one person who would think that...but it isn't me.
  • #418,504
  • Apr 6, 2011 1:17pm Apr 6, 2011 1:17pm
Quoting paul1
...Buy something physical...
Couldn't agree more with your entire post,but espicially this part.
This is exactly why metals(espically gold) are given outrageous returns.
I've had a tuff time trying to figure out how to trade gold and silver on my oanda account,but did pull the trigger a while back on gold. It was a rare day where I didn't have to go anywhere and gold had a huge dip that had all the "experts" on cnbc saying "it might be the end of the gold run."I don't know if they were being serious or if they were just starting a discussion,but even I was scratching my head at them.
I just sat back and thought to myself "I can't name one currency that doesn't have some sort of problem/controversy tied to it." They were treating it like a reversal. I thought it was just a dip, and for me,dip means SALE!Made a buy on the smallest possible lot and just watched it for a week to see what I could learn.
  • #418,505
  • Apr 6, 2011 1:19pm Apr 6, 2011 1:19pm
Quoting Ineedpips9
Interesting.Very Interesting. I've been a tech trader pretty much from day one, but over the past couple of months have been getting more intrigued with fundamentals,espicially after the earthquake.My philosophy, like alot of other techs,is that the fundamentals will be shown on the tech charts.I'm now getting more into learning what exactly are influencing my charts, so I might be able to be on the lookout for possible spikes or reversals.
I'm currently half way done with reading a great book called "the secrets of economic indicators" second...
I use the background fundies to give me confidence when am in a trade .
I dont exit immediately on a sudden spike ,that previously because i had no clue why it happened i would immediately exit fearing it would never return ,only to see it not only come back but shoot in the original direction.
eg friday ,Good jobs news for us .
Price tanked ,i was long small at 4150.
While it tanked I checked ,oil still high ok,indices trading high,no sudden news on rate policy change,they need 150,000 jobs a month to break even ok.the number 126,000 . So i saw the obvious reaction to the numbers as a good opportunity to build long .
I would now make pips if it only returned to my original entry,but even within hours it blasted through and gained 100 pips testing the high.

I couldnt possibly do that if i purely only had a chart to look at.
Anything that helps you stay in longer is good.
making green pips large and red pips small this is my goal.
  • #418,506
  • Apr 6, 2011 1:20pm Apr 6, 2011 1:20pm
http://www.zerohedge.com/article/we-...eding-eu-rescu
  • #418,507
  • Apr 6, 2011 1:24pm Apr 6, 2011 1:24pm
Good to see you back G - A dramatic fall perhaps tomorrow in the making
Disclaimer: Check your 1m charts
  • #418,508
  • Apr 6, 2011 1:25pm Apr 6, 2011 1:25pm
this may have some impact on the euro.....

http://www.zerohedge.com/article/we-...eding-eu-rescu
I don't trust any move - when you have profit...take it.
  • #418,509
  • Apr 6, 2011 1:26pm Apr 6, 2011 1:26pm
Short @ 1.43309 with tight stop
Disclaimer: Check your 1m charts
  • #418,510
  • Apr 6, 2011 1:27pm Apr 6, 2011 1:27pm
Portuguese PM is going to make an announcement on TV at 8PM (in 40 min). Bailout is coming...
  • #418,511
  • Apr 6, 2011 1:28pm Apr 6, 2011 1:28pm
Quoting paul1
.......So we dont play on words.
Maybe you should do a little googling ......... before playing with erroneous information:

http://www.eia.doe.gov/energy_in_bri...dependence.cfm

How much does that pie chart shows? And consider how much of what we import comes from our northern and southern border neighbors.
  • #418,512
  • Apr 6, 2011 1:30pm Apr 6, 2011 1:30pm
Quoting gatorinla
its a joke.. they raise to make commodities cheaper. the club med countries lower wages as broke governments tighten. the sausage makers send the club med countries a check (guarantee loans) so they keep buying the sausage. when the owners of the sausage factories move the sausage factory to the med countries (cheap wages)... what will the sausage country do?
Gator, like many times I do agree in the essence of your argument. However, the problems you are highlighting are not a exclusive to the EU/EZ but is in the core of human history, call it tribes, feuds, states, countries or a v poor/ or good attempt of a supranational club.

Look, thats the way economics work and it has nothing to do with fairness but about competitiveness of the stronger. Sausage buying countries will always buy sausages (in the EU or anywhere else) until they jump the bar and become sausage makers.

When sausage are exhausted the sausage producer will invent (like every single time in economic history) hamburgers and they will sell them to the same old sausage consuming countries (with a new etiquette) and transfer the less competitive sausage factories to a few that they are trying to jump the bar....and the circle will perpetuate itself.

In simple words, what you are defining is just markets in action. There was,is and always will be something else to create an economic advantage and only the well prepared and stronger will survive ...the rest ...well they will keep borrowing money to eat sausages.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #418,513
  • Apr 6, 2011 1:30pm Apr 6, 2011 1:30pm
Quoting Ineedpips9
Couldn't agree more with your entire post,but espicially this part.
This is exactly why metals(espically gold) are given outrageous returns.
I've had a tuff time trying to figure out how to trade gold and silver on my oanda account,but did pull the trigger a while back on gold. It was a rare day where I didn't have to go anywhere and gold had a huge dip that had all the "experts" on cnbc saying "it might be the end of the gold run."I don't know if they were being serious or if they were just starting a discussion,but even I was scratching...
If you would like to hold longer term buy psalm oil ,its used in all fast foods .
we are junk food addicts ,who doesnt eat macdonalds or kentucky when we start moving out of reccession proper ,demand for this vital product will rocket ,there are currently plans to times production four fold .
Its used in ready meals and all that good stuff ,google it .
Bloomberg probably wont talk about it lol,at least not till it reaches its peak .and they want sell some to you .
making green pips large and red pips small this is my goal.
  • #418,514
  • Apr 6, 2011 1:32pm Apr 6, 2011 1:32pm
Quoting pipper
Short @ 1.43309 with tight stop
hell im just scalping. just playing the bounces on st tops/bottoms. ill hold if we get below 4277.
those who can, do. those who cant, talk about those who can
  • #418,515
  • Apr 6, 2011 1:33pm Apr 6, 2011 1:33pm
Quoting someone1
Portuguese PM is going to make an announcement on TV at 8PM (in 40 min). Bailout is coming...
Gotta be Euro bullish! Greece was...Ireland was. Spain...nearly 20% unemployment...banks already seeking assistance. Its a buy folks...buy, buy, buy!
  • #418,516
  • Apr 6, 2011 1:38pm Apr 6, 2011 1:38pm
Quoting kenfen69
Gotta be Euro bullish! Greece was...Ireland was. Spain...nearly 20% unemployment...banks already seeking assistance. Its a buy folks...buy, buy, buy!
Do same analysis for america and you will find one is not doing too well ,the other is worse.
making green pips large and red pips small this is my goal.
  • #418,517
  • Apr 6, 2011 1:40pm Apr 6, 2011 1:40pm
Just scalping too G.. Had 43309 as a 61.8. Stop above 1.43388.. Will probably stay out of market tomorrow

Quoting gatorinla
hell im just scalping. just playing the bounces on st tops/bottoms. ill hold if we get below 4277.
Disclaimer: Check your 1m charts
  • #418,518
  • Apr 6, 2011 1:40pm Apr 6, 2011 1:40pm
Quoting paul1
Do same analysis for america and you will find one is not doing too well ,the other is worse.
As I said...its a buy!
  • #418,519
  • Apr 6, 2011 1:43pm Apr 6, 2011 1:43pm
Quoting paul1
I use the background fundies to give me confidence when am in a trade .
I dont exit immediately on a sudden spike ,that previously because i had no clue why it happened i would immediately exit fearing it would never return ,only to see it not only come back but shoot in the original direction.
eg friday ,Good jobs news for us .
Price tanked ,i was long small at 4150.
While it tanked ....
Nice post. I had a similar post a long while back about how if I watched the charts all day I would let emotions get the best of me and close a trade if I had a suddenly spike against me,only to see if I had left it alone it would turn profitable.Alot of times it would hit my original target.Then you play the "I have to make those pips up" mode and double my losses rather quickly.
I still struggle sometimes trying to find good mm practice that allows me to have a worse case scenario where all my trades hit sl and be only a certain %,yet still be able to have my daily % target hit if my trades hit my tp.My only successful solution is to place the trade,forget about it, then check on it an hour or so later.I do this by placing the trade and then leave the house.If I'm at the house I keep checking it every 5 minutes.
  • #418,520
  • Apr 6, 2011 1:50pm Apr 6, 2011 1:50pm
Quoting sisse
Gator, like many times I do agree in the essence of your argument. However, the problems you are highlighting are not a exclusive to the EU/EZ but is in the core of human history, call it tribes, feuds, states, countries or a v poor/ or good attempt of a supranational club.

Look, thats the way economics work and it has nothing to do with fairness but about competitiveness of the stronger....
the check has been written. the writers of the check, are on the hook. they are based upon employment. that is the difference. they gaurantee another's performance. didn't they fire the politician who guaranteed it?
those who can, do. those who cant, talk about those who can
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