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  • #486,681
  • Jul 12, 2011 3:33am Jul 12, 2011 3:33am
Quoting fxjawn
i was just testing what the thing was bc the guys on myfxbook were using the ita-40 to win the trading contest
Hero calls followed by margin calls...
  • #486,682
  • Jul 12, 2011 3:33am Jul 12, 2011 3:33am
Quoting bobsmith
Awesome! Now try it live!
no way i jus blew up the account in 2 seconds literally.. what the hell is that its crzay... is that not a glitch? u can really trade that?
  • #486,683
  • Jul 12, 2011 3:35am Jul 12, 2011 3:35am
guess a retest of 1.4 would be a pretty nice reload level....

lets c
Hero calls followed by margin calls...
  • #486,684
  • Jul 12, 2011 3:37am Jul 12, 2011 3:37am
Quoting PhAnTi'
fundamental sell-off / trigger
I know, I figured it that much. But for a newbie trader like me it's a "omg, hands off keyboard" state. Most of my observations/pre-analyses and charts are screaming and hiding in the corner until things settle down a bit. 700 pips move in one direction in less than a week, geez.
  • #486,685
  • Jul 12, 2011 3:37am Jul 12, 2011 3:37am
From The news section :

"Market talk of the ECB buying in Eurozone peripheral debt"

be Aware With your shorts until we see What Will happen
  • #486,686
  • Jul 12, 2011 3:38am Jul 12, 2011 3:38am
Quoting PhAnTi'
they were man lol

what the heck is that i have never heard of it... it lets u put in a gigantic trade if u want
  • #486,687
  • Jul 12, 2011 3:39am Jul 12, 2011 3:39am
Quoting sintelion
I know, I figured it that much. But for a newbie trader like me it's a "omg, hands off keyboard" state. Most of my observations/pre-analyses and charts are screaming and hiding in the corner until things settle down a bit. 700 pips move in one direction in less than a week, geez.
go with the flow...include the FA into your trading... this is free cash....lot of traders shoot scenarios like this one
Hero calls followed by margin calls...
  • #486,688
  • Jul 12, 2011 3:43am Jul 12, 2011 3:43am
Quoting sisse
lol, that was a pure TA "micro" move so you can't complain much that didn't follow especially with the current momentum ...lol.

Well intraday retest of breached daily S (1.389x) completed. "Chop" in a nice 90 tick range around the corner with the next H4 close...we'll see.

sisse
tough market...got stopped out last night, and was forced to "work" for some pips...looks like 17/26 is holding...maybe a chop for a while, think your right...
Look Sharp/Trade Tight
  • #486,689
  • Jul 12, 2011 3:44am Jul 12, 2011 3:44am
Gotta roll with it, book was going crazy at 1.3900
Attached Image (click to enlarge)
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  • #486,690
  • Jul 12, 2011 3:44am Jul 12, 2011 3:44am
Quoting PhAnTi'
go with the flow...include the FA into your trading... this is free cash....lot of traders shoot scenarios like this one
Trying to, but it takes a lot of experience and confidense to sell a 500+ pip drop without a proper strategy trigger. Especially when you are trading with real account and risking real money
The most annoying is, 3 days in a row, I get my strategy to give me triger at 6-7 am when I'm asleep. At least, the good thing is that the entries I get are fairly good ones. Just I'm not up to take them
But in the end, it all comes with experience and successful trades. Playing small and safe until then.
  • #486,691
  • Jul 12, 2011 3:44am Jul 12, 2011 3:44am
Quoting PhAnTi'
go with the flow...include the FA into your trading... this is free cash....lot of traders shoot scenarios like this one
And trade a little smaller if you are just starting now. Moves are much larger, so less leverage needed to get a nice profit ;-)
  • #486,692
  • Jul 12, 2011 3:44am Jul 12, 2011 3:44am
Quoting sintelion
The last 2 days are the kind of days where you either get rich or broke . Wide and fast movements with no respect for any support/resistance.
But its amusing to watch how pros handle those. Codus ppl
Well depends on your TF I guess. Short TF traders that avoid even glancing at longer TFs goes crazy when key levels and directional moves are in play because of the wide ranges intraday (they usually start calling extremes (2.0xxx or 0.8xxx) but if you are looking for a swing trade, missing the first 50 or 100 ticks of a 6 months trend is really nothing.

For example if a downtrend is confirmed now I can bet you that last break out point is probably going to be tested with daily again but not in a extreme panic move so you may load when the action is settle and confirmed and ride it from it or in the worse case scenario you can take the next break when full momentum is aligned....

Either get rich or broke only apply if you can't recognize a directional move in the making and start jumping on every trade....my 2 cents

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #486,693
  • Jul 12, 2011 3:45am Jul 12, 2011 3:45am
Quoting fxjawn
no way i jus blew up the account in 2 seconds literally.. what the hell is that its crzay... is that not a glitch? u can really trade that?
lol...
Look Sharp/Trade Tight
  • #486,694
  • Jul 12, 2011 3:45am Jul 12, 2011 3:45am
Most brokers (not ECN) but the rest, is hedging against your position so very few people is actually moving the market... compared to how many is playing it that is...
  • #486,695
  • Jul 12, 2011 3:46am Jul 12, 2011 3:46am
I have a longer term 50% ret at ~1.39 from the Jan 2010 low up to the beginning of May high. Looks like it's resistance now - if support and resistance mean anything in this situation...
Anything can happen.
  • #486,696
  • Jul 12, 2011 3:46am Jul 12, 2011 3:46am
how does 1 trade this. Hope we are back to normal when I wake up in a few hours
  • #486,697
  • Jul 12, 2011 3:48am Jul 12, 2011 3:48am
Quoting sisse
Well depends on your TF I guess. Short TF traders that avoid even glancing at longer TFs goes crazy when key levels and directional moves are in play because of the wide ranges intraday (they usually start calling extremes (2.0xxx or 0.8xxx) but if you are looking for a swing trade, missing the first 50 or 100 ticks of a 6 months trend is really nothing.

[b]For example if a downtrend is confirmed now I can bet you that last break out point is probably going to be tested with daily again but not in a extreme panic move so you may load when the...
agree.

Sisse, what are you looking for at the daily frame to have a confirmation of downtrend ? ( to aim for 34xx etc.)

Jonas
Hero calls followed by margin calls...
  • #486,698
  • Jul 12, 2011 3:49am Jul 12, 2011 3:49am
Quoting Pip-postrous
how does 1 trade this. Hope we are back to normal when I wake up in a few hours

why is everyone sleeping all the time, and why isnt anyone sleeping for 6-7 hours.. seriously you need the sleep!!
  • #486,699
  • Jul 12, 2011 3:49am Jul 12, 2011 3:49am
Quoting Larseg
Most brokers (not ECN) but the rest, is hedging against your position so very few people is actually moving the market... compared to how many is playing it that is...
I never understood this concept - if you're right about the market and riding the coat tails of the big money what brokers in their right mind would trade against these kinds of moves to try and take out their retail clients?
Anything can happen.
  • #486,700
  • Jul 12, 2011 3:51am Jul 12, 2011 3:51am
Quoting Larseg
why is everyone sleeping all the time, and why isnt anyone sleeping for 6-7 hours.. seriously you need the sleep!!
i sleep 8 hours a day and work another 8 hours.

now someone tell me why russia is buying eu?
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