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EURUSD

  • #456,101
  • Jun 6, 2011 12:45pm Jun 6, 2011 12:45pm
Quoting Mr. Aldi
Should have thumbsuppe system here
indeed
Hero calls followed by margin calls...
  • #456,102
  • Jun 6, 2011 12:45pm Jun 6, 2011 12:45pm
Quoting PhAnTi'
how r u doin C ?

Am well. Covered the book, so showed up here for a bit of craig and a few PM's
  • #456,103
  • Jun 6, 2011 12:49pm Jun 6, 2011 12:49pm
Quoting cloggie
RTFP, he gave you exactly what to look out for.
What a great help. I wouldn't be asking unless I didnt understand.n erd
  • #456,104
  • Jun 6, 2011 12:49pm Jun 6, 2011 12:49pm
Quoting Chuanjian
Sorry, may I know what is this regarding?
French Final Non-Farm Payrolls q/q?
NZD Official Cash Rate?
EUR
Minimum Bid Rate

1.25%
1.25%


SourceEuropean Central Bank (latest release)
MeasuresInterest rate on the main refinancing operations that provide the bulk of liquidity to the banking system;
Usual EffectActual > Forecast = Good for currency;
FrequencyScheduled monthly;
Next ReleaseJul 7, 2011
FF NotesThe rate decision is often priced in the market so it tends to be overshadowed by the ECB Press Conference held 45 minutes later;
Why Traders
CareShort term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future;
Derived ViaThe 6 members of the ECB Executive Board and the 16 governors of the Euro area central banks vote on where to set the rate. The split of votes is not publicly revealed;
Also CalledInterest Rates, Refi Rate, Repo Rate;
Acro ExpandEuropean Central Bank (ECB);
I want to buy PATIENCE
  • #456,105
  • Jun 6, 2011 12:50pm Jun 6, 2011 12:50pm
Quoting Chuanjian
What a great help. I wouldn't be asking if I didnt understand.n erd
Dong !

1st round

Hero calls followed by margin calls...
  • #456,106
  • Jun 6, 2011 12:50pm Jun 6, 2011 12:50pm
Quoting Chuanjian
What a great help. I wouldn't be asking if I didnt understand.n erd

LEt me repeat again, Read The Feckin Post and if you are so new and clueless use Feckin google to figure out what min bid rate is, and you will quickly discover that it has nothing to do with the rubbish you asked.

This is a trading thread, not a teach the noobie kiddie club.
  • #456,107
  • Jun 6, 2011 12:51pm Jun 6, 2011 12:51pm
Quoting cloggie
Give it 10,000 hours or so and you will get a bit better at it.
Hello Cloggie,

i read most of your posts here & i read this 10,000 hours one earlier too. but i guess you're right that the problem is we are not super humans & cannot learn all at once.
But atleast i must respect money as i've never done this before in my life. earlier i was stuck with 200$ accounts & just few hours back i was thinking about opening 1000$ account.
Hope
  • #456,108
  • Jun 6, 2011 12:51pm Jun 6, 2011 12:51pm
not pretty at all but did manage to get 3 trades in for +36 and 2 closed for another +5

done for this day
Attached Image (click to enlarge)
Click to Enlarge Name: eu_m5.gif Size: 34 KB
  • #456,109
  • Jun 6, 2011 12:53pm Jun 6, 2011 12:53pm
Quoting matheszabi
EUR
Minimum Bid Rate

1.25%
1.25%


Source European Central Bank (latest release)
Measures Interest rate on the main refinancing operations that provide the bulk of liquidity to the banking system;
Usual Effect Actual > Forecast = Good for currency;
Frequency Scheduled monthly;
Next Release Jul 7, 2011
FF Notes The rate decision is often priced in the market so it tends to be overshadowed by the ECB Press Conference held 45 minutes later;
Why Traders
Care Short term interest rates are the paramount factor in currency...
Yes. Thanks for the act of selfless gesture!
  • #456,110
  • Jun 6, 2011 12:53pm Jun 6, 2011 12:53pm
if this h close below 4564 we will probably c 4513.. below it. with a day close.. 4449.. using the 4h candles.. the bulls are trying to hold 4559.7 atm..close below there and its a piercing bear. if not maybe we try later. we are still under 4577..
those who can, do. those who cant, talk about those who can
  • #456,111
  • Jun 6, 2011 12:54pm Jun 6, 2011 12:54pm
Quoting TheGamer
Hello Cloggie,

i read most of your posts here & i read this 10,000 hours one earlier too. but i guess you're right that the problem is we are not super humans & cannot learn all at once.
But atleast i must respect money as i've never done this before in my life. earlier i was stuck with 200$ accounts & just few hours back i was thinking about opening 1000$ account.

I tell anyone who is serious about this, find 10,000 hours and 10,000 dollars. Till you have both, stick with your $200.00 account and don't go increasing it till you know what you are doing, 200 or 1,000 is irrelevant to your success.
  • #456,112
  • Jun 6, 2011 12:54pm Jun 6, 2011 12:54pm
Hi Cloggie, do you expect something to happen in the next hours? You tend to show up always on time for the big moves The current risk aversion may be reversed during the Asian session?

Ps: huge PMI for the Loonie today, but nothing yet
Price = the amount a greater fool is willing to pay!
  • #456,113
  • Jun 6, 2011 12:55pm Jun 6, 2011 12:55pm
Quoting Chuanjian
Yes. Thanks for the act of selfless gesture!

So now you got others googling your silly questions for you, what next, want us to trade for you?

Please stop showing your ignorance and stupidity so openly.
  • #456,114
  • Jun 6, 2011 12:56pm Jun 6, 2011 12:56pm
Quoting TheGamer
This proves im still a noob. Early morning i took a sell @1.4620. Even my guess about Monday opening with some gap was also correct. At noon time after i wake up from sleep did not find any movement & closed it after taking 11 pips. & here i am sitting like an idiot. Still haven't learnt to have patience & stick with my strategy. Don't know when i'll learn.
Put Murrey Math on your chart. The minute you posted your entry my 15min TF Murrey Math told me "poor chance" to go short.......
  • #456,115
  • Jun 6, 2011 12:56pm Jun 6, 2011 12:56pm
Look Sharp/Trade Tight
  • #456,116
  • Jun 6, 2011 12:57pm Jun 6, 2011 12:57pm
Quoting AllyB
not pretty at all but did manage to get 3 trades in for +36 and 2 closed for another +5

done for this day
If you can walk away from a messy day with 40-50 pips in the bank , you did well
" Never let the past hold the future to ransom "
  • #456,117
  • Jun 6, 2011 12:57pm Jun 6, 2011 12:57pm
Quoting Pip-hunter
Hi Cloggie, do you expect something to happen in the next hours? You tend to show up always on time for the big moves The current risk aversion may be reversed during the Asian session?

Ps: huge PMI for the Loonie today, but nothing yet

Just catching up on some PM's from the weekend. Like I said earlier, I covered my book at 1530.
  • #456,118
  • Jun 6, 2011 1:00pm Jun 6, 2011 1:00pm
Quoting gatorinla
if this h close below 4564 we will probably c 4513.. below it. with a day close.. 4449.. using the 4h candles.. the bulls are trying to hold 4559.7 atm..close below there and its a piercing bear. if not maybe we try later. we are still under 4577..
4563 close here gator.
short?
full boat?

Seb
  • #456,119
  • Jun 6, 2011 1:05pm Jun 6, 2011 1:05pm
Quoting TheGamer
But atleast i must respect money as i've never done this before in my life. earlier i was stuck with 200$ accounts & just few hours back i was thinking about opening 1000$ account.
Should not show respect for money otherwise just quit. You wouldn't be able to handle 10k like it was 100 dollar or vise versa. I admit it is hard to be serious with 100 dollar sometimes...

Only amount of pips matter. Amount of money shouldn't.
  • #456,120
  • Jun 6, 2011 1:06pm Jun 6, 2011 1:06pm
Quoting cloggie
So now you got others googling your silly questions for you, what next, want us to trade for you?

Please stop showing your ignorance and stupidity so openly.
Well, whatever floats your boat. Thanks for spending time reading my post and bothering to reply when you could have helped, even if its a little.

I'm quite satisfied my silly questions agitated you
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