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  • #548,001
  • Oct 7, 2011 8:21am Oct 7, 2011 8:21am
The employment data stinks. The GDP data stinks, the ISM data stinks. But it does stink like death itself the way we thought it would a week or 10 days ago.

Thus the rally in risk. It ain’t because the world is now a warm an fuzzy place. It’s because many thought the sun would not rise on Monday of this week after a rough end of the month of September…

Risk-on is merely the opposite of risk-off. It is not a value judgement. It’s just the state of play. "From Forex Live"

S&P Futures also jumped from negative pre-NFP to now +11 pts. Careful with shorts.
  • #548,002
  • Oct 7, 2011 8:22am Oct 7, 2011 8:22am
Quoting jaws810
Looks like you might want to look at other brokers, OANDA always honors S/L and T/P no matter how fast the market is moving and they now have MT4, it might be worth looking into it would have saved you $300 per lot today.
Why do they always freeze their platform when the price starts swinging wildly?
  • #548,003
  • Oct 7, 2011 8:30am Oct 7, 2011 8:30am
JAW810:

Quote
Looks like you might want to look at other brokers, OANDA always honors S/L and T/P no matter how fast the market is moving and they now have MT4, it might be worth looking into it would have saved you $300 per lot today.

Haha, really ? May be on Demo account but read this...

Here is my story:

I bought USDCAD at 1.3500/04 yesterday, and market price moved up to 1.3525, then i moved my stop loss price to 1.3506, to make sure i get 2 pips profit if market sudden change. Then, suddenly, i saw oanda USDCAD chart price dropped from 1.3510 to 1.3480 within second... and my position was closed at 1.3480... i was doing 60USD per pip... such action caused me lost $1440 instead of getting 2 pips profit...

Any questions ?... IF LIQUIDITY IS LOW, you get slipped... Oanda lost there good old trading capabilities
  • #548,004
  • Oct 7, 2011 8:31am Oct 7, 2011 8:31am
Quoting dbfusion
just a chart , Like it or loath it .
like it
looking for investors . pm me
  • #548,005
  • Oct 7, 2011 8:32am Oct 7, 2011 8:32am
Quoting mohan76
it's risk factor good news is good for Risk not for dollar
agree and disagree . If US starting to be a bright spot, money and investments will naturally flow to US, driving dollar up, not just to avoid bad risk in other countries.

Prosperous countries over time get strong currencies as a side effect (like China should have).

Anyway, dollar is also a risk!

however picture is still muddled, and Europe still a mess, or so they say. More volatility!
  • #548,006
  • Oct 7, 2011 8:41am Oct 7, 2011 8:41am
I wonder where all the market "knowers" gone... busy on trading ?..Or loosing money ?

When I started talking about market behaviour it was june I guess, now we have October ! I think, market won't calm until damn Greece is out of Euro-Zone and that won't happen next 6 month I guess.

Again, go to 4 hours candles or you get burned. I know the market makers and they are very nervous, no time for kiddy playin'.
Stay away on short time frames !
  • #548,007
  • Oct 7, 2011 8:42am Oct 7, 2011 8:42am
sell off in S&p and dax ? or correction ?
Mohan
  • #548,008
  • Oct 7, 2011 8:53am Oct 7, 2011 8:53am
Someone is smoking crack, and they need money. How can you have half the European countries going bankrupt, and someone is still buying the Euro? I'll tell you how they print money out of nothing, the whole thing is propped up by politicians who are afraid to lose their jobs and bankers afraid to lose their heads. Just an observation.
  • #548,009
  • Oct 7, 2011 8:54am Oct 7, 2011 8:54am
i know this is not the right thread
but pair related to EURO so i thought should post if for reviews

please click here to see my
Don't compare your Trades with Others
  • #548,010
  • Oct 7, 2011 8:56am Oct 7, 2011 8:56am
i know this is not the right thread
But the pair related to EURO so i thought should review

please click here
my analysis about EURCAD and USDCAD
http://www.forexfactory.com/showthre...11#post5019411

Younas
Don't compare your Trades with Others
  • #548,011
  • Oct 7, 2011 9:01am Oct 7, 2011 9:01am
i longed her at 61
  • #548,012
  • Oct 7, 2011 9:03am Oct 7, 2011 9:03am
Quoting JackintheBox
... such action caused me lost $1440 instead of getting 2 pips profit...

Any questions ?... IF LIQUIDITY IS LOW, you get slipped... Oanda lost there good old trading capabilities
Man this is seriously sick. I just switched to Oanda week ago, because my previous broker was robbing me and I liked their spreads. But the thing you are talking about right now. Thats something I really didnt want to hear. I surely dont want to get my account burned, when I set proper SL. So you think liquidity is so low at Oanda now, that there may be no opposite positions? Anyone care to comment? And does someone know which broker has the highest liquidity?

Btw., I assume you wrote em a very angry e-mail (thats what I would do). What was their response?

Thx,

T.
"I know one thing, that I know nothing." Sokrates
  • #548,013
  • Oct 7, 2011 9:05am Oct 7, 2011 9:05am
As I expected, this week was one of correction and broad market rally for short to medium term.

Im still holding my long from 3370, may close or take profit towards the end of the day, not feeling confident over the weekend some unexpected Euro news in regards to Greece and/or the new credit facilities
  • #548,014
  • Edited 10:00am Oct 7, 2011 9:07am | Edited 10:00am
back , tp hit earlier & was a short bias after that minimum towards 3421 to 3303 but not taken yet &waiting see how reacts again at top 3516. a false break to 3555 possible .
fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #548,015
  • Oct 7, 2011 9:09am Oct 7, 2011 9:09am
Quoting Pipwanderer
i longed her at 61
1.3638 1.3673 is not too far away
  • #548,016
  • Oct 7, 2011 9:10am Oct 7, 2011 9:10am
Quoting Tom_D_Trader
Man this is seriously sick. I just switched to Oanda week ago, because my previous broker was robbing me and I liked their spreads. But the thing you are talking about right now. Thats something I really didnt want to hear. I surely dont want to get my account burned, when I set proper SL. So you think liquidity is so low at Oanda now, that there may be no opposite positions? Anyone care to comment? And does someone know which broker has the highest liquidity?

Btw., I assume you wrote em a very angry e-mail (thats what I would do). What was their...
I think all retail brokers do this sort of stuff ... even MB Trading ...

Quoting Traderji
hahaha MB Trading shutdown the order server seconds/minutes after NFP. Not the data server just the order server. I can see the level 2 data flowing on my screen, just can't place any orders.. lol

Always heard about brokers doing these kinds of stunts when orders move against them.

EDIT: So what happened there Justin?
WARNING: Don't follow me as I'm just learning
  • #548,017
  • Oct 7, 2011 9:17am Oct 7, 2011 9:17am
Quoting Pipwanderer
1.3638 1.3673 is not too far away
lets see how long she can last
Attached Image (click to enlarge)
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  • #548,018
  • Oct 7, 2011 9:21am Oct 7, 2011 9:21am
i also was stopped out due to a tight stop in play on the news announcement despite being in the right direction.
Attached Image (click to enlarge)
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  • #548,019
  • Oct 7, 2011 9:28am Oct 7, 2011 9:28am
every time the same old story

I make my $$ every month at M1, who can't trade that TF, ok trade other. but on M1 it is for a trader who can read the PA and don't need some lagging indicator the easy way to make $$ and the quick way.

use higher lot and smaller SL and you have the same as in higher TF by small lot and big SL. but at the small TF you have many trades, so for a fulltime trader he can make many time money at a day.

my 5 cent before the weekend

have all a good one


Quoting JackintheBox
I wonder ......

Again, go to 4 hours candles or you get burned. I know the market makers and they are very nervous, no time for kiddy playin'.
Stay away on short time frames !
  • #548,020
  • Oct 7, 2011 9:35am Oct 7, 2011 9:35am
Possible H&S reversal in the making considering PA is at 4H/daily upper channel as well.. I would watch for it.

http://img707.imageshack.us/img707/9991/dailyq.gif

http://img15.imageshack.us/img15/2367/87918232.gif

Possible H&S gives excellent longer term short positions
http://img11.imageshack.us/img11/8323/5minposhs.gif
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