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  • #420,921
  • Apr 13, 2011 7:53am Apr 13, 2011 7:53am
Quoting damo
Futures chart showing lots of volume spikes smack on 4500


The futures volumes is such a tiny fraction of the OTC currency markets that it really doesn't mean anything.
We're all stories in the end. Just try to make it a good one.
  • #420,922
  • Apr 13, 2011 7:54am Apr 13, 2011 7:54am
Quoting futurebless
long @ 1.44945
Am sure you have your reasons but please save some pips and enter when it at least breaks cuurent range ,currently pushing lower america wil be fully online in 40 minutes ,let them decide ,I'am nearly sure it goes counter trend for about an hour before new-york takes hold .
Think there is hour difference in chicago and new york open.
making green pips large and red pips small this is my goal.
  • #420,923
  • Apr 13, 2011 7:56am Apr 13, 2011 7:56am
good looking 15min rsi divergence on those peaks, think we pull back a bit here
Don't have an ego. Always question yourself and your ability.
  • #420,924
  • Apr 13, 2011 7:57am Apr 13, 2011 7:57am
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Quoting Traderji
The futures volumes is such a tiny fraction of the OTC currency markets that it really doesn't mean anything.
Futures volume is the only real volume. All the rest is just BS from your broker alone.
Trade what you see, not what you think.
  • #420,925
  • Apr 13, 2011 7:58am Apr 13, 2011 7:58am
Quoting AriX3
allright, so its going up. SL at 97, tp at 60. i know thats a bad ratio, but im tired.
hit my SL while i slept. -27
The dreamers are the saviors of the world.
  • #420,926
  • Apr 13, 2011 7:59am Apr 13, 2011 7:59am
Quoting AriX3
hit my SL while i slept. -27
Thank you, we were wondering how that went.
  • #420,927
  • Apr 13, 2011 8:00am Apr 13, 2011 8:00am
Quoting Larseg
Thank you, we were wondering how that went.
np, ill keep you posted.
The dreamers are the saviors of the world.
  • #420,928
  • Apr 13, 2011 8:02am Apr 13, 2011 8:02am
Quoting paul1
Am sure you have your reasons but please save some pips and enter when it at least breaks cuurent range ,currently pushing lower america wil be fully online in 40 minutes ,let them decide ,I'am nearly sure it goes counter trend for about an hour before new-york takes hold .
Think there is hour difference in chicago and new york open.
Thanks for the insight. I admit I jumped the gun on that one, based on the ascending trendline and the stagnation after the news release. I could have atleast waited until price touched the 200MA. I am still a relatively new trader and timing is my number one problem.
motivation
  • #420,929
  • Apr 13, 2011 8:13am Apr 13, 2011 8:13am
Good morning! Not much action since I went to sleep. Let's hope NY moves a bit.
  • #420,930
  • Apr 13, 2011 8:21am Apr 13, 2011 8:21am
Quoting damo
Futures volume is the only real volume. All the rest is just BS from your broker alone.

Seriously? Did you even read what I wrote? Are you even aware of the distinction between the currency futures market and the overall OTC market?

Futures and options on forex futures together are about 4% of the OTC market. You would have to be quite stupid to take the trading volume of that and take it as representative of entire currency market. But then look who I am talking to.

This has been discussed to death here. There is no volume in the forex market. You can get the volume of small segments like CME or the liquidity pool that your broker connects to but that is not representative of the market.
We're all stories in the end. Just try to make it a good one.
  • #420,931
  • Apr 13, 2011 8:29am Apr 13, 2011 8:29am
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Quoting Traderji
Seriously? Did you even read what I wrote? Are you even aware the distinction between the currency futures market and the overall OTC market?

Futures and options on forex futures together are about 4% of the OTC market. You would have to be quite stupid to take the trading volume of that and take it as representative of entire currency market. But then look who I am talking to.

This has been discussed to death here. There is no volume in the forex market. You can get the volume of small segments like CME or the liquidity pool that...
It's amazing how personal you get in your criticism so early on your speil. Typical of some of the morons around. Do I know the difference? Did you even read what I wrote?
CME futures vol is the only regulated indicative of currency transactions. All the rest is a feed from your broker. I didn't disagree with how large the futures volume makes up, I know they make up a small percentage of the OTC market, however, their volume contains more accuracy. Go and read a book.
Trade what you see, not what you think.
  • #420,932
  • Edited 8:42am Apr 13, 2011 8:30am | Edited 8:42am
Quoting gatorinla
oops
#420795
something else said 4526.... .. like cloggy i have 4505 as important also (2008 chart). im not concerned about wicks. im just looking for bounces/pullbacks or whatever (more).

still no oil closes below 105.69. but the current candle is trying (atm 106.72) 4h. btw copper is in the red.
those who can, do. those who cant, talk about those who can
  • #420,933
  • Apr 13, 2011 8:33am Apr 13, 2011 8:33am
+48 (4 X 12)

+5.8%

MTD +249

+ 26.7%

Compounding factor 1.2 used today
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Apr. 13 15.23.jpg Size: 75 KB
" Never let the past hold the future to ransom "
  • #420,934
  • Apr 13, 2011 8:40am Apr 13, 2011 8:40am
Quoting drumdude
Good morning! Not much action since I went to sleep. Let's hope NY moves a bit.
got my head smacked up on resistance so many times this morning, I think I need a sleep, but I reckon we're headed south for a while so better stay awake.
  • #420,935
  • Apr 13, 2011 8:40am Apr 13, 2011 8:40am
+84 ( 7 X 12)

Trades done yesterday.

The ATR has dropped to below the level where I am prepared to take trades with confidence. Standing aside for the day.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Apr. 13 15.24.jpg Size: 92 KB
" Never let the past hold the future to ransom "
  • #420,936
  • Apr 13, 2011 8:41am Apr 13, 2011 8:41am
Quoting Poqito
This is just a suggestion, something to bear in mind, absolutely not a certain thing. And acutally, if you dig in the settings and make it display past patterns, you'll see how many bearish bats, gartleys etc. this indicator showed so far in this bull rally.
Thanks for response.
  • #420,937
  • Apr 13, 2011 8:41am Apr 13, 2011 8:41am
This is basically a good range trading. Move your stops and go long. My advise is to go long s/l around 4468 . A break below targets 4455 where we could have another potential buy setup. At the moment range play is advised 4515 > 4545 being the intraday targets s/l around 4468
  • #420,938
  • Apr 13, 2011 8:48am Apr 13, 2011 8:48am
Quoting T@rantula
This is basically a good range trading. Move your stops and go long. My advise is to go long s/l around 4468 . A break below targets 4455 where we could have another potential buy setup. At the moment range play is advised 4515 > 4545 being the intraday targets s/l around 4468
4461.8 is a #1 bear to me..
those who can, do. those who cant, talk about those who can
  • #420,939
  • Apr 13, 2011 8:57am Apr 13, 2011 8:57am
Quoting gatorinla
4461.8 is a #1 bear to me..
Im long @ 4477 with 4465 stop. 3rd EU trade today, aiming for 4515 4545. I may close it prematurely in profit if it doesnt hit s/l as it is really a tight one.

Been Following the trend all day long.
  • #420,940
  • Apr 13, 2011 9:00am Apr 13, 2011 9:00am
Quoting gatorinla
4461.8 is a #1 bear to me..

whats up thats 200 on m15

a break here will be nice for bears
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