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  • #419,641
  • Apr 9, 2011 10:00am Apr 9, 2011 10:00am
Quoting pkimnyc
i absolutely agree with you. no trends continue forever. but for now with euro, until chart says short, it's buy on dip.
As the us govt reached the deal over budget issues to save the govt closure... i think usd got its reversal key... lets see tomorrow when the market opens, probably a last push up is needed before the US$ starts its journey north

and the USD bearish news hits the CNBC (remember its time for reversal when the news hit the media stream)

just my 2 pips
  • #419,642
  • Apr 9, 2011 10:35am Apr 9, 2011 10:35am
My stuff says....next week we will retrace back to 1.4333 minimum, and likely down to 1.4290.

Note: I'm not calling a top in this up move, but I will be looking for a safe entry to short back to these levels.

As long as the longer term stuff holds I'll be buying at these lower levels again.
  • #419,643
  • Apr 9, 2011 11:20am Apr 9, 2011 11:20am
Quoting pkimnyc
i absolutely agree with you. no trends continue forever. but for now with euro, until chart says short, it's buy on dip.
don't really need to think about agreeing on him... i think even a baby wouldve known what goes up comes down... even a bouncy ball will come down again for another bounce... but you got to love him... he was countering my longs all day long... oh i even told him to watch out for USDX watch out for another Tanking... and it did haha...

Anyways i had a good weekend, went to a seafood restaurant with my parents
They made good money too last week...
ahh good days...

Now now, watching the news it seems US came up with an agreement and... wow i have to say good job US... its a 50% 50% win for both sides in the congress.. what you dont want is Democratic winning entirely because democratic wanting to lower the cuts on government spending would mean the democratic encourages a possible QE3 to finance the government spending

So im gona watch what direction markets gona go, im still buy on dip for EURUSD based on EZ interest rate... Interesting Enough Trichet announced considering a Rate Hike of another 25 BP to 1.5% in June, so lets see how this plays out... will the EURUSD start pricing in that Info like it did to the raise to 1.25% or what...

Anyways Happy Holidays, im off tomorrow, see you all at NZ opening.. Happy Pipping Week ahead folks!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #419,644
  • Apr 9, 2011 11:27am Apr 9, 2011 11:27am
Quoting apt
Since I've been here for 5 months, the majority of your numbers and predictions never hit, and the 5% that do, you toot your own horn.

You aren't an accurate speculator, so stop acting as if you are.
Better than the person who keeps telling people they're bad and trading when they obviously know more than you... anyways i think i have enough of you talking how bad people are... i just wish you a happy margin call as you continue to disagree what people are saying when the facts are all backing him up
As for me, ill be happily withdrawing last month winning to pay my university in UK
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #419,645
  • Apr 9, 2011 11:29am Apr 9, 2011 11:29am
Quoting bguguen
he was countering my longs all day long... oh i even told him to watch out for USDX watch out for another Tanking... and it did haha...

Anyways i had a good weekend, went to a seafood restaurant with my parents
They made good money too last week...
ahh good days...
to be fair, give the guy a break will ya?
we all go through that phase at some point in this business.
it's a hard lesson to learn, only by experience i guess.

congrats on your winnings bro. have a good weekend.
  • #419,646
  • Apr 9, 2011 11:42am Apr 9, 2011 11:42am
Quoting gordonfx
you seem racist concerning Americans to me. Now i know history doesn't mean anything to certain people, however Americans were the 1st to open trade with the Chinese and Americans have invested in China.
My thoughts are that the Chinese would still be hurting if trade had not been opened.

As for American's don't count us out,,, when we get Obama out of office things can and will change....

I don't buy,,if it is labeled,,,,anything from China....I personally don't like inferior products, containing lead,,, posioning our kids and animals...
Well first of all i cant be racist to either Asian/Western simply because im a Mix, Half Chinese Half French mix, and yea French literally LOVEs the american for adapting the whole Idea of Liberty, i too appreciate how much America's position in the world really is... but i have to say for as long as im born... the American Government seems to have lost their mojo, they're still doing whatever wrongness they could do when people thing the Worst is over with George Bush.. so pls dont take me wrong...

As for the atomic bomb story, im just trying to make people realize that theres no stopping of China now adays... Look china in 10 years dont really need America... THe international reserve currency is about to be the RMB in the forseeable 5 years... the Americans slowly losing their Veto power in the UN, its telling something about the US situation and if they dont avert it right now, they will get swelled away by the chinese economy... easily.. China has 1.3 billion people, cheapest labour you can find, if labour price increases oh dont worry... theres more labour coming from the villages urbanization...

The atomic bomb is strictly MY way to show you that the US economy is SO bad that it is whats left in its arsenal to shift the world's power balance... come to think of it... US cant even use that because the world will go against US if that happens again, US has learnt their lesson that violence is not gona solve or have they?? Afghanistan, Iraq...

Anyways, my condolences goes to people in Japan, absolutely admire their ability to keep calm in a critical situation, absolutely respect the japanese people and their tradition, their ways of patience and sustainability impresses me, so god bless Japan, i would love to see Japan rebounding from this a Stronger Economy that US could once again work with.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #419,647
  • Apr 9, 2011 11:49am Apr 9, 2011 11:49am
Quoting pkimnyc
to be fair, give the guy a break will ya?
we all go through that phase at some point in this business.
it's a hard lesson to learn, only by experience i guess.

congrats on your winnings bro. have a good weekend.
Yea true, absolutely agree lol
anyways yea i hope you had a good week too, continuing on the trades in NZ open...
oh and if he can have a break i think Skyzer deserves a break too does he??
i mean "Hell Brotha, peace be with us yo??"

Ahahaha, but yea someone called apt (http://www.forexfactory.com/apt)? calling me a racist to the Western people and the Asians is simply too far when he doesnt even know me... anyways Let me put it this way.. IM HALF French Half Chinese, so i cant be a Racist to the West or to the Asians!!! You cannot be a racist to your own race...
unless ofcourse you're a ginger..
This is a joke ofcourse watch the link below...
Inserted Video
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #419,648
  • Apr 9, 2011 1:01pm Apr 9, 2011 1:01pm
how much benifit is it to watch Eu and USDX at the same time and considering it while trading?
Trade responsiblypatience is the key/Swing trader
  • #419,649
  • Apr 9, 2011 1:05pm Apr 9, 2011 1:05pm
Quoting bguguen
Yea true, absolutely agree lol
anyways yea i hope you had a good week too, continuing on the trades in NZ open...
oh and if he can have a break i think Skyzer deserves a break too does he??
i mean "Hell Brotha, peace be with us yo??"

Ahahaha, but yea someone called apt (http://www.forexfactory.com/apt)? calling me a racist to the Western people and the Asians is simply too far when he doesnt even know me... anyways Let me put it this way.. IM HALF French Half Chinese, so i cant be a Racist to the West or to the Asians!!!...
not a bad week, could have been better though. little ticked off at the fact that missed the thurday asia rally, but had some holdings from 4165 area.
content. caught the final move up for the week after london packed up (don't usually do that, but couldn't resist. lol).

skyzer is my good source of fundy bro. when he show up and list out all the fundamental bs to sells or buy, you just do the opposite. very good probability...
  • #419,650
  • Apr 9, 2011 1:59pm Apr 9, 2011 1:59pm
Quoting ankit_203
What do u say ? Should we buy on EUR/USD OR its going to come down ? When will it come down … thats the thing i want to know.. as i have 5 sells in place giving me loss and i am scared to put a buy if it turns downwards.. please guide..
Hi,
I just realised... never sell in a bullish trend.. its as simple as that... because the downtrend retracement will be arduous and choppy... and if you are not at your desk you may miss the low point... and then it will fire up so quick, you'll wish you never sold.

If you are incredibly lucky maybe 5% chance... you will get the top...
But thats what we all do... thats why 95% of forex traders lose...

I would only sell if it breaks the major trendline since january.. and ireally cannot see that happening because of everything else happening...

Wait for a pullback, then Buy!
  • #419,651
  • Apr 9, 2011 3:28pm Apr 9, 2011 3:28pm
I'm not saying it can go up forever, as it obviously can't. Maybe it turns this week, maybe next, but that's more of a sudden fundi event not seen on my chart.

What I'm saying is, it is showing time and again how a strong up-move it is in. Put your indicators and fancy charts away. Look at sole price movement, how it stalls overnight sometimes, how it falls and how it is bought up.

Eventually it will fall, fast&furious, but I'm not likely to put my money on it just yet. I feel much safer on the bid side for the time being, and even if I have green light for shorts, I think twice, and often hold and wait for buying opportunity as it gives better risk/reward ratio in my view.

Anyways, have a good weekend ya'all and keep it green starting from 2morrow.
  • #419,652
  • Apr 9, 2011 3:53pm Apr 9, 2011 3:53pm
Quoting Poqito
I'm not saying it can go up forever, as it obviously can't. Maybe it turns this week, maybe next, but that's more of a sudden fundi event not seen on my chart.

What I'm saying is, it is showing time and again how a strong up-move it is in. Put your indicators and fancy charts away. Look at sole price movement, how it stalls overnight sometimes, how it falls and how it is bought up.

Eventually it will fall, fast&furious, but I'm not likely to put my money on it just yet. I feel much safer on the bid side for the time being, and even if I have...
I agree with you that On a fundi sheet i can't see a reason to turn But on a Chart It closed it's week at The uptrend's resistance. The momentum going in is strong so it may break the trend line but since the Us Government didn't shutdown which everyone Expected, And i expect to be priced in a Short term top isn't out of the question
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Best Regards Moneymike
  • #419,653
  • Edited 4:44pm Apr 9, 2011 4:13pm | Edited 4:44pm
Quoting moneymike
I agree with you that On a fundi sheet i can't see a reason to turn But on a Chart It closed it's week at The uptrend's resistance. The momentum going in is strong so it may break the trend line but since the Us Government didn't shutdown which everyone Expected, And i expect to be priced in a Short term top isn't out of the question
In every bull run there are pull-backs along the way, some bigger, some smaller. Will it pull-back now? Surely some profit taking can take it down.

All I say is, before you start looking for reasons to revert this trend, ask yourself if it can continue up. I'm sure you can find a few.

When the market is ready, the cause will appear, and it could be anything. But, is the market ready yet, based on how it handled all the hurdles so far? I prefer to watch&wait, rather than jump before the train. I will join the slide when I be sure, even if that means I miss first 100-200 pips.
  • #419,654
  • Apr 9, 2011 4:31pm Apr 9, 2011 4:31pm
Ich gäbe eine Menge dafür, wenn ich jetzt im SCHRILLER im guten alten Berlin (West) mit ein paar alten Freunden (R.G.Z.D) verbringen könnte und das hier mit diversen perfekten Drinks (evtl. Whiskey Sour) und vielen guten Zigaretten genießen könnte ...


Inserted Video


Und Chat Baker die alte "Barschlampe", zahnlose Heroin-Ziege, trötet dann so geil ins Horn ...

Send in The Clowns ...

At those days they played together ... three ICONS ... incl. Elvis Costello ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #419,655
  • Apr 9, 2011 7:25pm Apr 9, 2011 7:25pm
rate hike was priced in... end of week rally owing to fomc stance on qe...
  • #419,656
  • Apr 9, 2011 7:29pm Apr 9, 2011 7:29pm
I normally dont leave a trade in over the weekend (im new to FX and as such wary). I woke up to close out my EUR/USD this Saturday morning (in Australia) and realised I had missed the close (daylight saving...damn you).

My trade is in a healthy profit (45 pips up) with a 25 pip trailing stop currently guaranteeing me a 20 pip profit. However I recall last week a large gap on Monday re-opening.

I assume the gap can result in stops being leapt over ? yes ?

Would the gap typically follow the trend ? The EUR/USD ended on a daily high with a fairly strong push, would one expect the gap therefore to be up ?

As it is I will be at my terminal with my finger on the oh my lordy button...but just interested as to folks experience wisdom on the weekend gap.
  • #419,657
  • Apr 9, 2011 7:56pm Apr 9, 2011 7:56pm
Quoting Jeheil
I assume the gap can result in stops being leapt over ? yes ?

Would the gap typically follow the trend ? The EUR/USD ended on a daily high with a fairly strong push, would one expect the gap therefore to be up ?

As it is I will be at my terminal with my finger on the oh my lordy button...but just interested as to folks experience wisdom on the weekend gap.
yes, it leaps over.depending on broker. oanda opens earlier than most, so don't know if there is a leap or not, but most mt4 crokers will.

in my experience with retail traders gap, 80-90% of the time they do close regardless to the direction of the trend or not. i look at it as easy money.
  • #419,658
  • Apr 9, 2011 8:11pm Apr 9, 2011 8:11pm
Quoting Jeheil
I normally dont leave a trade in over the weekend (im new to FX and as such wary). I woke up to close out my EUR/USD this Saturday morning (in Australia) and realised I had missed the close (daylight saving...damn you).

My trade is in a healthy profit (45 pips up) with a 25 pip trailing stop currently guaranteeing me a 20 pip profit. However I recall last week a large gap on Monday re-opening.

I assume the gap can result in stops being leapt over ? yes ?

Would the gap typically follow the trend ? The EUR/USD ended on a daily high with a fairly...

Don't forget that a SL will NOT be honored by the broker.
If the opening price plus spread is totally off yours, you will be handled at THE price the broker activates his data feed.

So although I advise NOT to have open positions over the weekend, if I do silently myself anyhow, I set no SL and/or TP.

If you look at the timing that the market received the American news, none of us could do anything anymore, PERFECT TIMING,

NO charts to proof anything, but I expect the EU to drop the coming week, as NOTHING has improved in the Euro zone. We are getting as always played by the Big Boys in the market.

Just as many are finally long with there nose, you will get that sudden HUGE H1 candle on your chart.

Enjoy the weekend, the wife is out of town
  • #419,659
  • Apr 9, 2011 8:21pm Apr 9, 2011 8:21pm
I would say Euro zone can puch another +300pips then We will see nice big candle 1.42 support then Fed gone load money in market and by September we will se 1.30-34 levels.
  • #419,660
  • Apr 9, 2011 8:24pm Apr 9, 2011 8:24pm
My take...in brief:

Had the announcement of a budget deal come within market hours...we would have seen a sympathetic pullback. Not a trend change. Just may have avoided some of that final push up. Will that happen now upon market open? Not so sure. In the moment I think it would have happened, but now...

People have had time to think about it and realize that there is still nothing really rosy with the USD. The next big hurdle is the debt ceiling. At this point, to me, the only real option seems to be to increase it...an outcome I'm sure the market will not see as a positive; same old can, being kicked down the same old road.

For the past few weeks, I have made the most money from short scalps. Very decent money from swing-long trades...and continue to add to, and grow my long-term short position...which is now net short from 1.4447 and my highest short is at 1.4483 right before the closing bell on Friday. I was scalping shorts right until the end, and made out incredibly well in that last flurry up.
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