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  • #513,361
  • Aug 7, 2011 8:42am Aug 7, 2011 8:42am
Quoting nAVIN2007
nope..that gonna make a difference?
u think oanda got an issue..the bastards

u think it is just a spike?..glitch
i dont think anything..... it's sunday ^^
Hero calls followed by margin calls...
  • #513,362
  • Aug 7, 2011 8:43am Aug 7, 2011 8:43am
Quoting PhAnTi'
i dont think anything..... it's sunday ^^

lets hope so..i at least want a fighting chance..
  • #513,363
  • Aug 7, 2011 8:43am Aug 7, 2011 8:43am
Respect clogie for 10,703 Posts.
You're not as big an idiot that I thought
Once scalper always scalper
  • #513,364
  • Aug 7, 2011 8:45am Aug 7, 2011 8:45am
Quoting deeZG
since you're saying taking a shot in quiet hours, i guess you're talking about going long, right?
no,i'll short below 76.28 as this may cause selloff when stops are triggered.when this is not protected the bears will take hold and can drag this down to their options expiry levels.

in March the bulls couldn't hold 79.75 and this caused drop to 76.28.
if this happens this will happen after US close.the price should be around the known historical lows

trade calls for careful MM
  • #513,365
  • Aug 7, 2011 8:45am Aug 7, 2011 8:45am
Thank you...

Quoting cloggie
I am seeing some real weird and wacky fundamental views here in the last few days on this thread.

So let me throw mine in the mix, up to you guys to do with it what you want.

Downgrade

SnP gave ample warning about the downgrade and I covered this shortly after the debt ceiling issue was covered, they wanted to see 4 Trn in cuts and did not get it. We can all discuss the validity here of SnP's actions, very few here complained when they downgraded Ireland, Spain, Portugal, Greece. The downgrade was in the pipeline, I had anticipated it...
  • #513,366
  • Aug 7, 2011 8:46am Aug 7, 2011 8:46am
Quoting freemen
Respect clogie for 10,703 Posts.
You're not as big an idiot that I thought
Sure he is....you'll recognize soon

bastards

Hero calls followed by margin calls...
  • #513,367
  • Aug 7, 2011 8:46am Aug 7, 2011 8:46am
Quoting nAVIN2007
lets hope so..i at least want a fighting chance..
Hero calls followed by margin calls...
  • #513,368
  • Aug 7, 2011 8:52am Aug 7, 2011 8:52am
Quoting cloggie
I am seeing some real weird and wacky fundamental views here in the last few days on this thread.

So let me throw mine in the mix, up to you guys to do with it what you want.

Downgrade

SnP gave ample warning about the downgrade and I covered this shortly after the debt ceiling issue was covered, they wanted to see 4 Trn in cuts and did not get it. We can all discuss the validity here of SnP's actions, very few here complained when they downgraded Ireland, Spain, Portugal, Greece. The downgrade was in the pipeline, I had anticipated...

Well said cloggie - i posted similar views on another thread and got slated for 'anti-americanism'! haha, can you believe that.
In your experience, do you think the USDCHF short is a sensible trade to be taking this week? Surely it'll fall through support with the volumes?
  • #513,369
  • Aug 7, 2011 8:53am Aug 7, 2011 8:53am
Sorry to get off subject but has anyone started a position hedged? In other words buy a long and short together then what ever which way it goes close the green at a support or resistance, then double down? I've always wanted to do that but since my account is in U.S. can't hedge and it's FIFO. I plan on opening a Dukascopy account soon so I won't have my hands tied.
Taigen Profit This Month: na
  • #513,370
  • Aug 7, 2011 8:55am Aug 7, 2011 8:55am
Quoting Taigen
Sorry to get off subject but has anyone started a position hedged? In other words buy a long and short together then what ever which we it goes close the green at a support or resistance, then double down? I've always wanted to do that but since my account is in U.S. can't hedge and it's FIFO. I plan on opening a Dukascopy account soon so I won't have my hands tied.
That is not a wise way of hedging - too simplistic in my opinion. Go for a different asset class. Making two bets and then doubling down is not effectively reducing your risk, IMHO you should hedge with equity index futures or T-Bills

BUT > stick to your own style of trading and dont take any hedging advice if it doesnt fit in with your style or experience.
  • #513,371
  • Aug 7, 2011 8:59am Aug 7, 2011 8:59am
Quoting Walker93
That is not a wise way of hedging - too simplistic in my opinion. Go for a different asset class. Making two bets and then doubling down is not effectively reducing your risk, IMHO you should hedge with equity index futures or T-Bills

BUT > stick to your own style of trading and dont take any hedging advice if it doesnt fit in with your style or experience.
For the most part, I'm a short term trader (ok scalper) and, of course, it is theory, I'm just wondering if anyone has done that sort of thing and been successful.
Taigen Profit This Month: na
  • #513,372
  • Aug 7, 2011 9:00am Aug 7, 2011 9:00am
Quoting Taigen
Sorry to get off subject but has anyone started a position hedged? In other words buy a long and short together then what ever which way it goes close the green at a support or resistance, then double down? I've always wanted to do that but since my account is in U.S. can't hedge and it's FIFO. I plan on opening a Dukascopy account soon so I won't have my hands tied.
if you are a us Resident i don't think you can open account with Dukascopy. if your non USA resident most broker offer what you want.

http://pda.dukascopy.com/dukascopy_companys_news/1/
Mohan
  • #513,373
  • Aug 7, 2011 9:01am Aug 7, 2011 9:01am
Quoting ForeXraider
no,i'll short below 76.28 as this may cause selloff when stops are triggered.when this is not protected the bears will take hold and can drag this down to their options expiry levels.

in March the bulls couldn't hold 79.75 and this caused drop to 76.28.
if this happens this will happen after US close.the price should be around the known historical lows

trade calls for careful MM
not saying that i know something or that my opinion is relevant but isn't that too risky thing to do now? i mean, quiet hours are exactly the time when BOJ did intervene and since they announced it's not over we can expect them to do the same again on quiet hours, can't we? in that case, messing up on historic low levels with BOJ clear announcements doesn't sound like a good idea to me.
i would understand doing it at high volatility hours when CB intervention is not too likely to happen...
big numbers are our friends...
  • #513,374
  • Aug 7, 2011 9:02am Aug 7, 2011 9:02am
Quoting Taigen
For the most part, I'm a short term trader (ok scalper) and, of course, it is theory, I'm just wondering if anyone has done that sort of thing and been successful.
I have hedged my aggregate risk but not in the way suggested. If your not sure just make your usual trades but with smaller positions maybe? Just fit it in with your usual style, because if your scalping and trying to hedge in the same asset class, more than one position could go against you very quickly, especially with the volatility which makes stopping-out much more frequent if your not careful/lucky
  • #513,375
  • Aug 7, 2011 9:05am Aug 7, 2011 9:05am
Quoting Walker93
.
In your experience, do you think the USDCHF short is a sensible trade to be taking this week? Surely it'll fall through support with the volumes?

Just as EURUSD is a battle between the ugly sisters, USDCHF is a battle between the safe havens. CHF is continuing to win that battle as the safer half of the pair. SNB cutting rates to zero and trying to intervene is not going to change that in the intermediate term. Longing Uc here is suicide, the SNB does not have the cash to interfere sufficiently unlike the BOJ, just have a look at the USD holding of the SNB and you'll see no surprise there. Any risk of contagion will always see a flight to safety and plenty need cash holdings, CHF is the place to go.

Would I take a short on this pair tonight, in anticipation of what is going to happen tomorrow at the open? No. I am still looking for 7570 in this pair as I posted last week and am pretty darn confident we will see that.
  • #513,376
  • Aug 7, 2011 9:09am Aug 7, 2011 9:09am
Quoting cloggie
Just as EURUSD is a battle between the ugly sisters, USDCHF is a battle between the safe havens. CHF is continuing to win that battle as the safer half of the pair. SNB cutting rates to zero and trying to intervene is not going to change that in the intermediate term. Longing Uc here is suicide, the SNB does not have the cash to interfere sufficiently unlike the BOJ, just have a look at the USD holding of the SNB and you'll see no surprise there. Any risk of contagion will always see a flight to safety and plenty need cash holdings, CHF is the place...
Clog,

do you trade this?
Hero calls followed by margin calls...
  • #513,377
  • Aug 7, 2011 9:12am Aug 7, 2011 9:12am
Playing the devils advocate here...

The entire weekend chatter, not just at the FF, but in all the "Hot off the Press", has revolved around the impact of the Downgrade on the US...understandably, pretty serious shit...or is it?

I mean, when the debt ceiling was raised, and they come up a couple trillion short of the expectations of S&P lines in the sand, was this really done by some colosol fuck up? Was this really just the way to challange the S&P to give the downgrade? Or does anybody really give a shit what this pack of bandits even says?

A couple trillion in cuts...Yeah, fucking right!

Conceptually, there isn't a person in this room that even has a handle on what this actually means. Scaled down into some mom and pop shop, the dip is deep and the rubber is meeting the road, but this ain't some 3rd world county, it is the United of Motherfucking States were talking about here.

Let's be real. When everybody has said that the yanks need to keep their noses out of other peoples business, and keep their troops at home, how many are seriously glad that they are there to step up to the plate when the shit hits the proverbial fan? I know, for as little as I actually follow world events, I am....

So, how many companies and mad gazillionaires got even richer off the oil wars and mad ass spending of the Bush Administrations? And this is all so that they can own more swamp land? Really? Are we expected to believe that the money just makes more money to devalue the money they worked so hard pilferaging from the rest of us schmucks? Are we so daft to believe that the world is some marionette, strings being pulled by some drunkard behind the wheel? Or would we be safer in assuming that while we feel the safest in not feeling safe at all, that we are about to do another soap bend in the prison showers?

I ain't biting on that apple.

USDX hourly chart...

Smiles everybody...
Smiles!

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #513,378
  • Aug 7, 2011 9:13am Aug 7, 2011 9:13am
Quoting Walker93
I have hedged my aggregate risk but not in the way suggested. If your not sure just make your usual trades but with smaller positions maybe? Just fit it in with your usual style, because if your scalping and trying to hedge in the same asset class, more than one position could go against you very quickly, especially with the volatility which makes stopping-out much more frequent if your not careful/lucky
My reasoning is because of safety. To me, I would say it is a way to be in with virtually no risk until one pip goes green with the idea that it has peaked one way or the other, and ride the other pip down (or up). I can get into any brokerage as long as they do not have an office and operate in the U.S.. It is just another type of government control. I should get used to it but I never have.
Taigen Profit This Month: na
  • #513,379
  • Aug 7, 2011 9:13am Aug 7, 2011 9:13am
time to goto bed my feeling say market going to open @1.425x let see, but i am not intend to trade tomorrow as my most lost happened on 8,17,26 (AU date), but i will try wake early and check the market
Mohan
  • #513,380
  • Aug 7, 2011 9:16am Aug 7, 2011 9:16am
Quoting Magix
Playing the devils advocate here...

The entire weekend chatter, not just at the FF, but in all the "Hot off the Press", has revolved around the impact of the Downgrade on the US...understandably, pretty serious shit...or is it?

I mean, when the debt ceiling was raised, and they come up a couple trillion short of the expectations of S&P lines in the sand, was this really done by some colosol fuck up? Was this really just the way to challange the S&P to give the downgrade? Or does anybody really give a shit what this pack of bandits even...
yeah ! smile !



Hero calls followed by margin calls...
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