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  • #545,881
  • Oct 2, 2011 1:07pm Oct 2, 2011 1:07pm
Now that everyone expects EUR USD to drop hard, what if it does the opposite, which is bounce of strong support? Makes sense too, right? Lots of shorts would be toasted.
  • #545,882
  • Oct 2, 2011 1:08pm Oct 2, 2011 1:08pm
Quoting freiburg
Now that everyone expects EUR USD to drop hard, what if it does the opposite, which is bounce of strong support? Makes sense too, right? Lots of shorts would be toasted.

Dont know about others..sure my 10k a/c will be toasted and will be drinking al week..lol
  • #545,883
  • Oct 2, 2011 1:10pm Oct 2, 2011 1:10pm
Got short GBP/CAD on the open, and even with oanda's 30 pip spread still in profit in seconds
  • #545,884
  • Oct 2, 2011 1:12pm Oct 2, 2011 1:12pm
Quoting Magix
On the fundies side of things, a couple of things I would like to mention.
On the techs side of things...the USDX chart.
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.jpg Size: 109 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #545,885
  • Oct 2, 2011 1:12pm Oct 2, 2011 1:12pm
Quoting KCV
Dont know about others..sure my 10k a/c will be toasted and will be drinking al week..lol
Every video this weekend, all the chats, everything, it's like ... short the euro short the euro. I mean, the BOJ wants to support the Euro. The central bank in Europe presumably wants to reduce volatility (one would assume). And quite frankly, what exactly is so endearing about the US?


European bourses are extremely low, and if Euro crashes, they'll just get cheaper.

I'm not trying to make the bull case here for the Euro, but all this excitement about the major short is just too public now, or not??
  • #545,886
  • Oct 2, 2011 1:13pm Oct 2, 2011 1:13pm
I went long at the close on Friday, wish me luck. lol Think the huge drop was due to the thinly traded market on Friday, last day of the quarter balancing of the books, and I think we hit some huge psychological support area that the major market movers are going to want to push price back over sometime in the next 24 hours, looking to get out at 1.36. However, from a price action perspective, took what I considered a nice head and shoulders or triple top on the 4 hr chart down on Friday, covered at the end of the day and went long, but I don't see any PA other than some psychological support telling me to go long, which is why I need some luck. haha
Yay! Pips for everyone!
  • #545,887
  • Oct 2, 2011 1:15pm Oct 2, 2011 1:15pm
Hi, Im thinking eurusd long for this coming week first few days as well - anyone think its crazy?
  • #545,888
  • Oct 2, 2011 1:15pm Oct 2, 2011 1:15pm
This question will be answered when markets open anyway, but does anyone know if most brokers will trigger your orders, stops, profit targets, etc, during the interbank trading before retail trade opens? Or do they wait for an opening price at 21 GMT before they fill your orders?
  • #545,889
  • Oct 2, 2011 1:21pm Oct 2, 2011 1:21pm
Quoting MelbTrader
This question will be answered when markets open anyway, but does anyone know if most brokers will trigger your orders, stops, profit targets, etc, during the interbank trading before retail trade opens? Or do they wait for an opening price at 21 GMT before they fill your orders?
It goes by your brokers open and close time and fills to the nearest pip.

IE. IF you were long, and the market gaps below your stop loss, your stop loss will be triggered at the first available price by your broker, the openning pip.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #545,890
  • Oct 2, 2011 1:25pm Oct 2, 2011 1:25pm
Quoting freiburg
Now that everyone expects EUR USD to drop hard, what if it does the opposite, which is bounce of strong support? Makes sense too, right? Lots of shorts would be toasted.
2 right strategies on opening monday
1) if gap down, buy immediately till close level gap later on
2) if no gap on opening sell immeditaley till 33 level
ROBOT FOREX
  • #545,891
  • Oct 2, 2011 1:26pm Oct 2, 2011 1:26pm
Quoting Fudomyo
still dropping like a stone. (so for those with broker charts that "gap", it looks like it may gap down for Monday open)
I don't know the future, haha, but there's a lot of people freaking out and dumping pre-market, which makes it look like it will gap down. When it opens, it will go up. This market has evil tendencies and is often controlled by the bot genius army.
  • #545,892
  • Oct 2, 2011 1:27pm Oct 2, 2011 1:27pm
Quoting Magix
It goes by your brokers open and close time and fills to the nearest pip.

IE. IF you were long, and the market gaps below your stop loss, your stop loss will be triggered at the first available price by your broker, the openning pip.
Ta.
  • #545,893
  • Oct 2, 2011 1:28pm Oct 2, 2011 1:28pm
xe.com says price now is 1.3349.
Intraday only.
  • #545,894
  • Oct 2, 2011 1:33pm Oct 2, 2011 1:33pm
Well I didnt even know about that NFP coming out, but if it is this, it is already out, since friday.

http://www.bls.gov/news.release/empsit.nr0.htm

Anyway, what means that "nonfarm" part? Is it some kind of statistical bullshit to cover unemployment at farms?

Regarding China bank holliday, I dunno what are Chinese banks doing right now, as I aint commrade . Who knows what are they doing actually. I just know China central bank was trying to enhance its gold holdings. And when they realized FED is not going to stop printing cash and started expecting inflation, they swapped part of their dollars for gold. So when its bank holliday, they could stop selling bucks, resulting in a continuation of downtrend at EUR/USD. But who knows, not me. I aint fundies expert.

T.
"I know one thing, that I know nothing." Sokrates
  • #545,895
  • Oct 2, 2011 1:36pm Oct 2, 2011 1:36pm
Quoting KCV
Dont know about others..sure my 10k a/c will be toasted and will be drinking al week..lol
Don't cry & drink much , be cool & wait your broker open & not look anything elsewhere . you perhaps opened longs fresh & kept weekend with relatively bigger lot of the account to cope the monday open turmoils , lots of uncertainity always remains .If real price breaks 3370 then 3339 may stop with daily range low , previous though , may start fresh .
Anyway wish it be all ok when you open again .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #545,896
  • Oct 2, 2011 1:38pm Oct 2, 2011 1:38pm
Quoting Tom_D_Trader
Well I didnt even know about that NFP coming out, but if it is this, it is already out, since friday.

http://www.bls.gov/news.release/empsit.nr0.htm

Anyway, what means that "nonfarm" part? Is it some kind of statistical bullshit to cover unemployment at farms?
NFP.
Attached Image (click to enlarge)
Click to Enlarge Name: nfp.jpg Size: 46 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #545,897
  • Oct 2, 2011 1:39pm Oct 2, 2011 1:39pm
Quoting Pipsforall
I went long at the close on Friday, wish me luck. lol Think the huge drop was due to the thinly traded market on Friday, last day of the quarter balancing of the books, and I think we hit some huge psychological support area that the major market movers are going to want to push price back over sometime in the next 24 hours, looking to get out at 1.36. However, from a price action perspective, took what I considered a nice head and shoulders or triple top on the 4 hr chart down on Friday, covered at the end of the day and went long, but I don't...

If you can pay me 10K..I will wish u luck..lol

Just kidding.....all in the game.....

Be tight..

KC.
  • #545,898
  • Oct 2, 2011 1:40pm Oct 2, 2011 1:40pm
Quoting KCV
If you can pay me 10K..I will wish u luck..lol

Just kidding.....all in the game.....

Be tight..

KC.
Toight like a toiger!
Inserted Video
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #545,899
  • Oct 2, 2011 1:40pm Oct 2, 2011 1:40pm
Quoting fontu
Don't cry & drink much , be cool & wait your broker open & not look anything elsewhere . you perhaps opened longs fresh & kept weekend with relatively bigger lot of the account to cope the monday open turmoils , lots of uncertainity always remains .If real price breaks 3370 then 3339 may stop with daily range low , previous though , may start fresh .
Anyway wish it be all ok when you open again .
fontu

Hi fontu...ty so much for ur advice....and A virtual Dirty Martini for you..

KC.
  • #545,900
  • Oct 2, 2011 1:42pm Oct 2, 2011 1:42pm
Quoting Magix
Toight like a toiger!
http://www.youtube.com/watch?v=gu31VyXlTzo

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