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  • #512,941
  • Aug 6, 2011 10:15am Aug 6, 2011 10:15am
Simple obsy for the comming week....

Fundies...
1. Euro ges free $$$ from ECB (crisis averted......) even if its BS

2. US downgraded.....not so good

Techs...
1. 1.43 resistance top of channel (rejection and a move lower)
2. possible end of a bull flag (more upside)
Simple analysis, EU seems the better bet, plus a little better rate....

I dont want to bias because I lose $ when I place what I feel the E/U should be doing and in which direction......

Personally, longs may be the order, but.....Until Tues FOMC....its a crap shoot IMO
  • #512,942
  • Aug 6, 2011 10:17am Aug 6, 2011 10:17am
http://www.thedailyshow.com/watch/we...xrs=share_copy
  • #512,943
  • Aug 6, 2011 10:18am Aug 6, 2011 10:18am
Quoting mohan76
after long time i log in to oanda , i seen move in chart 2 bar in 1m chart for 9 hours. thank god i don't trade with them 25 pip spread mean kissed my sl

attached daily chart
Given the chart you show the spread is 25 POINTS not pips
that is 2.5 PIPs

This is assuming that the indicator is reflecting the 5 digit price while displaying the 4 digit price. If not it would be more prudent for your indicator to display 25.0 so that one knows that it is displaying PIPs.

That being said. During the last few weeks, the slop at 17:00 EDT has been HUGE, I have seen spreads increase to over 400Points on the Kiwi and aussy and the Yen pairs over 250 Points.

As You have I know have a spread indicator on all charts in case I want to enter into a Buy order.

Typically these fluctuations don't affect my 4 hour trades, although I was caught on a Kiwi trade last week when I bought with a 225 point spread. Fortunately I was able to break even on the trade many hours later.

This is the breaks when trading ECN. I have since employed a market entry script that uses the current price plus a setting for slip window and a limitation on spread. This way I can contain a fast moving price action with the slip window and avoid large buy spreads
  • #512,944
  • Aug 6, 2011 10:20am Aug 6, 2011 10:20am
Quoting needpips
Simple obsy for the comming week....

1. Euro ges free $$$ from ECB (crisis averted......) even if its BS

2. US downgraded.....not so good

Simple analysis, EU seems the better bet, plus a little better rate....

I dont want to bias because I lose $ when I place what I feel the E/U should be doing and in which direction......

Personally, longs may be the order, but.....Until Tues FOMC....its a crap shoot IMO
expecting volatile sessions ahead. $ will most likely lose the ground, will boost euro higher in logical sense... but i don't think it's gonna be a smooth ride. hope it does, but i think it's gonna be tough to trade.
  • #512,945
  • Aug 6, 2011 10:23am Aug 6, 2011 10:23am
http://4.bp.blogspot.com/_7kQJROLLgB...y_category.jpg
  • #512,946
  • Aug 6, 2011 10:23am Aug 6, 2011 10:23am
Quoting johnmcglaughlin
Given the chart you show the spread is 25 POINTS not pips
that is 2.5 PIPs

This is assuming that the indicator is reflecting the 5 digit price while displaying the 4 digit price. If not it would be more prudent for your indicator to display 25.0 so that one knows that it is displaying PIPs.

That being said. During the last few weeks, the slop at 17:00 EDT has been HUGE, I have seen spreads increase to over 400Points on the Kiwi and aussy and the Yen pairs over 250 Points.

As You have I know have a spread indicator on all charts in case...
it's 25 pips dude. i wish it was 2.5. lol
  • #512,947
  • Aug 6, 2011 10:24am Aug 6, 2011 10:24am
Quoting pkimnyc
expecting volatile sessions ahead. $ will most likely lose the ground, will boost euro higher in logical sense... but i don't think it's gonna be a smooth ride. hope it does, but i think it's gonna be tough to trade.
Ive been using half my usual positions and BE SL....20 pip scalps or even less....been productive in this chop......
  • #512,948
  • Aug 6, 2011 10:25am Aug 6, 2011 10:25am
Quoting pkimnyc
expecting volatile sessions ahead. $ will most likely lose the ground, will boost euro higher in logical sense... but i don't think it's gonna be a smooth ride. hope it does, but i think it's gonna be tough to trade.
Yep... last week was a pretty wild ride for sure. Had no daily trades on the euro just scalping the crap out it. Have a day that gains 1800 points, just to have the next day drop us 2700 points only to yet again have a day that gains back 1800. lol.

Thing needs to make up it's fawking mind!
  • #512,949
  • Aug 6, 2011 10:29am Aug 6, 2011 10:29am
Quoting pkimnyc
placing orders doesn't mean the market is open unless you're trading martian water....

you can place orders with oanda but it gets filled in when the broker opens on sunday.
no, it gets filled ...
  • #512,950
  • Aug 6, 2011 10:29am Aug 6, 2011 10:29am
Quoting Walker93
By the way, when my fundamentals prove to be correct it would be nice to get a few vouchers so people listen a little bit to my babbles....just a little bit haha.
Although i do sound like the ranting economics professor with an fx account > i do actually make money on the babble haha
why you begging for vouchers if there is 1 thing flawed then it is that on this forum i see sometimes the biggest muppets who asslicking some other 10 vouchers they dont have no clue what is going on on there chart but when some hero 10v steps in they all asslicking and join the here 10v becuase he is most of the time right and then they also gonna play the hero kind of blind leading the blind most of them already on my iignore list.
  • #512,951
  • Aug 6, 2011 10:33am Aug 6, 2011 10:33am
Quoting cvds16
no, it gets filled ...
lol. would you trade right now?
  • #512,952
  • Aug 6, 2011 10:34am Aug 6, 2011 10:34am
johnmcglaughlin in the forum 4 years and made 5 posts.
1 post in the year. Very helpful trader
Once scalper always scalper
  • #512,953
  • Aug 6, 2011 10:34am Aug 6, 2011 10:34am
Quoting Walker93
I know that - I was talking about other sovereign downgrades from AAA > not the US
Sorry mate...not trying to flog a dead horse, or state the obvious, but for an apples to apples comparison of the question you asked, two criteria should be met...

Downgrade should not only be on an AAA rated country, but also the world's reserve currency.

Don't believe it has ever happened...uncharted territory.
  • #512,954
  • Aug 6, 2011 10:36am Aug 6, 2011 10:36am
Quoting ingmarforex
10 vouchers they dont have no clue what is going on on there chart.
i'm one of em.... lol
  • #512,955
  • Aug 6, 2011 10:37am Aug 6, 2011 10:37am
Quoting pkimnyc
lol. would you trade right now?
funny, I did and did it too the last time we saw Italian downgrade in the weekend.
  • #512,956
  • Aug 6, 2011 10:38am Aug 6, 2011 10:38am
Quoting freemen
johnmcglaughlin in the forum 4 years and made 5 posts.
1 post in the year. Very helpful trader
that is actually a very good thing.
  • #512,957
  • Aug 6, 2011 10:38am Aug 6, 2011 10:38am
Quoting cvds16
funny, I did and did it too the last time we saw Italian downgrade in the weekend.
gl to you.
  • #512,958
  • Aug 6, 2011 10:38am Aug 6, 2011 10:38am
Quoting pkimnyc
i'm one of em.... lol
That's simply not true, noob!
  • #512,959
  • Aug 6, 2011 10:39am Aug 6, 2011 10:39am
Quoting pkimnyc
lol. would you trade right now?
24/7 ftw
Hero calls followed by margin calls...
  • #512,960
  • Aug 6, 2011 10:40am Aug 6, 2011 10:40am
Quoting pkimnyc
i'm one of em.... lol
I know exactly what is going on... a cluster fawk! lol...
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