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Price is everything

  • #15,181
  • Apr 8, 2011 10:51am Apr 8, 2011 10:51am
yeah, shut the damn thing down.
Quoting jtpada
Guys,

there is debate on a likely shut down of the US Government tonight at midnight. If this gets through we should expect a major impact on the USD as well as on the equity markets.


http://www.reuters.com/article/2011/...20906820110408
  • #15,182
  • Apr 8, 2011 11:02am Apr 8, 2011 11:02am
drying volume. closing all positions.
It has been a good week since being on this thread.. I am a multi trick panda now..lol
Red..you are the man.

Dont mess with Red this weekend!!!
  • #15,183
  • Apr 8, 2011 11:04am Apr 8, 2011 11:04am
Quoting bbakker
I say no major impact... why? History tells us that is not the case!

http://www.kathylien.com/site/us-dol...hutdown-dollar

Have a nice weekend!

second that... the arument for the budget is fo 2/10 of 0.1% of the whole budget.. they will just reallocate from other sector to cover the difference later on. funny thing though is that we came to this point for the abortion in some cliniques and the CO2 regulations..as allways rebublicans playing an ugly game in the congress.
  • #15,184
  • Apr 8, 2011 11:04am Apr 8, 2011 11:04am
sorry for the spelling
  • #15,185
  • Apr 8, 2011 11:30am Apr 8, 2011 11:30am
Quoting attila
yeah, shut the damn thing down.
Yeah, shut it down and get all new people in there. Why don't we have that option?
  • #15,186
  • Apr 8, 2011 11:32am Apr 8, 2011 11:32am
Charts not chats, nobody in here cares about fundamentals much unless its within the context of a chart ^^

Btw: Fucking told you so, POle, Flag(energy rectangle), Pole...

What a DUH trade

GBPUSD strong bearish reaction to it, i just bought gbp and gbpchf so lets see how those two pan out.
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  • #15,187
  • Apr 8, 2011 11:35am Apr 8, 2011 11:35am
Quoting Orbital
Charts not chats, nobody in here cares about fundamentals much unless its within the context of a chart ^^

Btw: Fucking told you so, POle, Flag(energy rectangle), Pole...

What a DUH trade

GBPUSD strong bearish reaction to it, i just bought gbp and gbpchf so lets see how those two pan out.
More so about mockery than fundamentals. Looking good mate. I can't wait until I can actually trade London session... i'm ready to rip these markets a new hole.
  • #15,188
  • Apr 8, 2011 11:35am Apr 8, 2011 11:35am
Bought Both, willing to blow some money on this, will keep over the weekend, SL placed, time for shower and tea

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Attached Image (click to enlarge)
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EDIT: Oh both trades are High risk so no recommendation from me to take them.
  • #15,189
  • Apr 8, 2011 11:38am Apr 8, 2011 11:38am
Quoting Venice
written 27 hours ago... Is it just me or is today's low currently @ 4242?


Let anyone who says the markets are random eat a big one... lol.

Current Japan crisis currently hindering run, so stop moved to +1 just to be safe.
Closing this out here. London's closed, good enough for me.

1.4242 > 1.4422. Not to bad.

For those of you who are new here, I am one of the few that actually play on the daily charts. 9-5 job and all... let me know if your looking to swing and we'll throw some ideas and charts around on the daily.

We only get 5 candles a week, so it can be tough.
  • #15,190
  • Apr 8, 2011 11:49am Apr 8, 2011 11:49am
Quoting attila
long ej to 123.74

Attachment
decided to hold on to this over the weekend. trend's up, i have a hidden divergence on RSI h1 that should resolve around 123.70.
  • #15,191
  • Apr 8, 2011 11:51am Apr 8, 2011 11:51am
Quoting Orbital
Why? Why for the love of god after everything that has been posted in here do people persist on selling the euro in a fucking uptrend.

I am going to stab myself in the left nutsack if i see one more person shorting the euro....
a) because everything that goes up must come down.

b) im in long term for this one so ill post my results either good or bad.

c) shorted also EU cause 1.4441 would be almost impossible to break up without a retracement (strong Resistance at that one).

d) Id love if my lost money would go directly to your pocket, at least it would be in good hands.

lets see...
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  • #15,192
  • Apr 8, 2011 11:56am Apr 8, 2011 11:56am
maybe i'll leave one on at be+1 just in case this is the begining of the retrace.

guys, thanks for what i have learned from u,

have a great weekend
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dreams do come true.
  • #15,193
  • Apr 8, 2011 12:07pm Apr 8, 2011 12:07pm
Quoting booster
a) because everything that goes up must come down.

b) im in long term for this one so ill post my results either good or bad.

c) shorted also EU cause 1.4441 would be almost impossible to break up without a retracement (strong Resistance at that one).

d) Id love if my lost money would go directly to your pocket, at least it would be in good hands.

lets see...
You seem to be a good spirited trader, i would hate to see you loose money on any trade at all, give the markets NOTHING, not an INCH.

a) True but not yet, everything is pointing up. Im not saying i didnt short the euro today for scalps, because i did, on 2 minutes i dont give a flying fuck where the trend is on anything but 2 minute charts.
Nevertheless i wouldnt sell the EURUSD for a longterm commitment before i see definite reversal signals. Im not seeing them yet. Im still waiting for higher supply zones to react, the current weekly zone will prove its worth next week. If i see a reaction im shorting , if i dont ill continue raping the euro both ways

b) Fair enough I hope you are successfull, if you can hold this for a bit without fucking your equity up too much (not being overleveraged) this could turn into a 800 pip correction, i just dont see it yet

c) yeah well its the end of the session, that zone is weak from all i can say for now and will become a pivotal zone in the future if it is broken.

d) id hate to see you or anyone else loose money so trade your plan and be successful with it!

Think im done for the week now, i like the way GU and GBPCHF are reacting so i might add positions, either now or on sunday for the gaps.

We will see =/
  • #15,194
  • Apr 8, 2011 12:08pm Apr 8, 2011 12:08pm
the up trend line ,the pinbar ,the support zone ,the demand zone ,i am not sure it is a good PA for long order .
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A chart helps those who can read it.
  • #15,195
  • Apr 8, 2011 12:50pm Apr 8, 2011 12:50pm
Quoting geniusztc
the up trend line ,the pinbar ,the support zone ,the demand zone ,i am not sure it is a good PA for long order .
Well this trade and the GBPCHF trade are risky trades ive mentioned it before. They warrant higher risk because of the zone they are located in on the higher timeframes.

But its warranting a buy either way because risk reward is greater than 4:1.

I cant win every longterm trade, infact i loose about 6 out of every 10 longterm trades i do, im trying to better myself because usually i jsut scalp and right now i have a lot more going on other than managing client funds, i have to go to university... eat, sleep, study, drink tea and screw girls younger than i am

But this is fine If i loose on this i will loose the money in good conciousness.

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  • #15,196
  • Apr 8, 2011 1:17pm Apr 8, 2011 1:17pm
div was resolved at the second look. bailed. stupid cow... LOL

Quoting attila
decided to hold on to this over the weekend. trend's up, i have a hidden divergence on RSI h1 that should resolve around 123.70.
  • #15,197
  • Apr 8, 2011 1:39pm Apr 8, 2011 1:39pm
Quoting attila
div was resolved at the second look. bailed. stupid cow... LOL
EJ just went into buy mode again imo...
Horizontal line just marks a 5m cluster, but markets almost over so not worth it.
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  • #15,198
  • Apr 8, 2011 2:10pm Apr 8, 2011 2:10pm
Quoting attila
div was resolved at the second look. bailed. stupid cow... LOL
bought it back. get this, bitch. LOL.

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  • #15,199
  • Apr 8, 2011 2:11pm Apr 8, 2011 2:11pm
Quoting Orbital
EJ just went into buy mode again imo...
Horizontal line just marks a 5m cluster, but markets almost over so not worth it.
i just bought. @be.

edit:u/j looks good too but i'm not gonna.
  • #15,200
  • Apr 8, 2011 2:21pm Apr 8, 2011 2:21pm
Quoting attila
i just bought. @be.

edit:u/j looks good too but i'm not gonna.
Dont like yen pairs to much, scalped EJ for +0.5 spread on the clients broker is killing me... cant wait to switch to duka with the clients.

btw EU chart:
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