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  • #451,201
  • May 27, 2011 11:01pm May 27, 2011 11:01pm
Quoting geniusztc
actually, close price did not break the big down trend line, but it is not a good time to short . GUESS
different brokers have different close prices .
A chart helps those who can read it.
  • #451,202
  • Edited 11:33pm May 27, 2011 11:18pm | Edited 11:33pm
Quoting Chicky
My major concern for the past few days is that we came down without touching 1.5000. The pa did the same probably two years ago and then went back up.
That was Sept 2009. It came down from 1.48433 to 1.41768 then went up once again.
The Thief of Wall Street
  • #451,203
  • May 27, 2011 11:41pm May 27, 2011 11:41pm
Quoting Chicky
Somone kind enough to let me know what's this spike down all about?
Typical stop-loss hunt I guess. This is what they do on weekends isn't?


Seb
  • #451,204
  • May 27, 2011 11:45pm May 27, 2011 11:45pm
Quoting Flynchenberg
Typical stop-loss hunt I guess. This is what they do on weekends isn't?


Seb
They do, but non of my brokers have this. This must be a data-feed error on that site I went just to glance at the market price.
The Thief of Wall Street
  • #451,205
  • May 27, 2011 11:45pm May 27, 2011 11:45pm
This is just the aftermath of shorters still placed between 1.4000 and 1.4250... Just a normal short squeeze...

As I said earlier this makes it easier to go short next week, when or if the opportunity comes

Love,
Lars
  • #451,206
  • May 27, 2011 11:49pm May 27, 2011 11:49pm
However if we retrace more than 50% 1.4450 ish I will stay out and see what happens...
  • #451,207
  • May 28, 2011 12:01am May 28, 2011 12:01am
Quoting Chicky
That was Sept 2009. It came down from 1.48433 to 1.41768 then went up once again.
This is real bad for account than loosing a trade alone , may be due broker server , fishing or from market doing whatever specially in mt4 platform & money maker brokers most if not all .

I have one bad experience about such spikes 500pips in few minutes , sometime in nov 2008 when just back to computer at late night owing to insomnia & tried scalping for few pips only with big lot and sl not placed yet . after that just started calculating on a paper & suddenly I saw a huge candle going down , tried again & again to close the trade but unable till stop out that account even my swiss-army EA was activated before for scalping , with set sl but nothing worked that time .

I was so frustrated with the event that I stopped trading for 4 months , changed the broker also without a complaint.anyway it was my fault to me doing such negligence .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #451,208
  • May 28, 2011 12:05am May 28, 2011 12:05am
Quoting needpips
ok then .... Ill hold u 2 it!
point 1. literally anything can happen...

point 2. getting out of this trade @ b/e may be the worst thing that can happen to you, as it will reinforce this dangerous behaviour and the next time you do it, with more size, you may not be so lucky. the sooner you learn to take a loss on a trade where you have so blatantly misread price, the closer you will be to becoming a trader...

my two cents and btw i've been there, more times than i care to remember...
  • #451,209
  • May 28, 2011 12:09am May 28, 2011 12:09am
Quoting FibbinArchie
point 1. literally anything can happen...

point 2. getting out of this trade @ b/e may be the worst thing that can happen to you, as it will reinforce this dangerous behaviour and the next time you do it, with more size, you may not be so lucky. the sooner you learn to take a loss on a trade where you have so blatantly misread price, the closer you will be to becoming a trader...

my two cents...
TRUE!

Too bad it is doomed to happen... Learning the hard way that is...
  • #451,210
  • May 28, 2011 12:13am May 28, 2011 12:13am
Looks like people are equally divided on both the sides. I am bias toward short
  • #451,211
  • Edited 12:29am May 28, 2011 12:18am | Edited 12:29am
Quoting Larseg
TRUE!

Too bad it is doomed to happen... Learning the hard way that is...
true dat lars...

noobs would do better to put learning ta on the back burner and focus on learning the psychology and emotions behind holding losing trades...

all the gurus say cut losers and let winners run, great, except they don't tell you how, that is without doubt the one hardest nut to crack in trading...

look at nick leeson, he got away with it once, so he did it again...

Inserted Video
  • #451,212
  • May 28, 2011 12:27am May 28, 2011 12:27am
Quoting fontu
This is real bad for account than loosing a trade alone , may be due broker server , fishing or from market doing whatever specially in mt4 platform & money maker brokers most if not all .

I have one bad experience about such spikes 500pips in few minutes , sometime in nov 2008 when just back to computer at late night owing to insomnia & tried scalping for few pips only with big lot and sl not placed yet . after that just started calculating on a paper & suddenly I saw a huge candle going down , tried again & again to close the trade but unable...
Fontu, the spike one is the other post. This one mentions movement during the whole month of September.

Yes, how can one forget that Nov 2008 move. I kept on buying it during the whole drop with my 1:400 leverage. Was only cents away from a margin call when it showed a huge spike up. Closed at break-even in the same session. Next week, lost the account on another move.
The Thief of Wall Street
  • #451,213
  • May 28, 2011 12:41am May 28, 2011 12:41am
Quoting Chicky
Fontu, the spike one is the other post. This one mentions movement during the whole month of September.

Yes, how can one forget that Nov 2008 move. I kept on buying it during the whole drop with my 1:400 leverage. Was only cents away from a margin call when it showed a huge spike up. Closed at break-even in the same session. Next week, lost the account on another move.
it was around that time i first started trading as opposed to investing, buying ftse financials after the crash...
  • #451,214
  • May 28, 2011 12:54am May 28, 2011 12:54am
Quoting FibbinArchie
it was around that time i first started trading as opposed to investing, buying ftse financials after the crash...
which crash?and what happened? newbie. can anyone share the intraday chart (5min chart ) about that crash ,i am curious. thank you
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A chart helps those who can read it.
  • #451,215
  • May 28, 2011 12:57am May 28, 2011 12:57am
Quoting gatorinla
the 1m 5m 15m 30m 45m 60m 180m 240m 480m, day, week, all bullish with daily b/o
but, there is a damn red box on my chart. some asshole put it there. it all looks bullish.. im curious if we gap down below the upper mofu 4314.3, what will happen. i got the close at 4317.5.. just above.....
4350 area is key, a successful 3rd test of resistance would form a lower triple top, which is pretty damn bearish imo...

however volume is supporting the case for base being in @ 39xx, gonna be a very interesting start to next week, damn pesky bank holiday throws another element in the mix...
  • #451,216
  • Edited 1:43am May 28, 2011 12:59am | Edited 1:43am
Quoting geniusztc
which crash?and what happened? newbie. can anyone share the intraday chart (5min chart ) about that crash ,i am curious. thank you
oct 08 crash...

http://en.wikipedia.org/wiki/Stock_m...h_of_2008-2009

just look at pretty much any equity index chart for q3/q4 08...
  • #451,217
  • May 28, 2011 1:48am May 28, 2011 1:48am
Quoting FibbinArchie
oct 08 crash...

http://en.wikipedia.org/wiki/Stock_m...h_of_2008-2009
Can anyone help me im trying to set a good pip target a day and week what is a good , can anyone help thanks
  • #451,218
  • May 28, 2011 2:16am May 28, 2011 2:16am
Quoting FibbinArchie
oct 08 crash...

http://en.wikipedia.org/wiki/Stock_m...h_of_2008-2009

just look at pretty much any equity index chart for q3/q4 08...

also look at 9/11 crash....
  • #451,219
  • May 28, 2011 2:20am May 28, 2011 2:20am
Road to 1.51 after complete y waves at 1.4 area.2 cents.cheers trader.
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Gold Expedition Return This Year: -15.9%
  • #451,220
  • May 28, 2011 2:22am May 28, 2011 2:22am
Mails i get at the weekend.....

Quote
Dear Forex Factory Member: PhAnTi'.


Reading yesterday your English-language notice,
the train leaves the Munich main train station and is then
at the Berlin train station, which is then actually arrived at the destination.


My question to you is, my colleague has participation certificates,
bank guaranteed by the Royal Bank of Scotland and ABN-Amro Bank.


Value of participation certificates about Euro 1 Million.


Do you have a way of funding between € 100,000.00 € 500,000.00 to perform?


See your reply with interest.


Yours...
Hero calls followed by margin calls...
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