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  • #548,101
  • Oct 7, 2011 12:37pm Oct 7, 2011 12:37pm
Quoting Pipwanderer
another rally into equities close again
locked in 10
  • #548,102
  • Oct 7, 2011 12:38pm Oct 7, 2011 12:38pm
Quoting roreki


nice bounce
i suppose that was just a retracement upward before a further fall...
As Above, So Below
  • #548,103
  • Oct 7, 2011 12:39pm Oct 7, 2011 12:39pm
HAHAHAHAH!!! wonderful day
all my longs were closed @ 3520 just before Fitch downgrades Italy and Spain! then I shorted euro on 1.3480 and closed it on 1.3380
What a Day!!!
  • #548,104
  • Oct 7, 2011 12:44pm Oct 7, 2011 12:44pm
As mentioned earlier,

1.3376 looks plausible...



Load up...
  • #548,105
  • Oct 7, 2011 12:46pm Oct 7, 2011 12:46pm
Quoting Blacknightz
As mentioned earlier,

1.3376 looks plausible...



Load up...

3380 is an old resistance point... if we broke it we are going to test 3320.... on the upside trend next point to test is 3430.... but I prefer the bearish side
  • #548,106
  • Oct 7, 2011 12:48pm Oct 7, 2011 12:48pm
hello everyone
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  • #548,107
  • Oct 7, 2011 12:57pm Oct 7, 2011 12:57pm
(6pm London)
Well, watching couple of last trading hours it’s obvious that the spike above 1.3500 was not caused by flocks of new buyers, but it was made because of many new BIG SELLERS.
Yes, yes… big boys (BANKS, HEDGE FUNDS) came into play. They NEVER buy or sell spot positions, they mostly set up their massive million dollar orders above or below the market price and that’s what makes the market so volatile…

OK. Referring to my previous charts:
TARGET1 finally reached, though it took nearly a week to do so!
I am expecting that now some (crazy) bulls will try to break out the channel one more time. However they will be against strong trend, so they have less probability to succeed.
After they give up, we (the BEARS) will have a nice open space to attack 1.31500 and even further 1.3000 next week. And this is my plan for next week. Finding good SHORT entry point.

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If you find my analysis of any value I would appreciate any vouchers from those who are eligible.
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Read Charts - Not Papers
  • #548,108
  • Oct 7, 2011 12:58pm Oct 7, 2011 12:58pm
stop shorting cause euro is going back up....
i find it silly how some people react in here everytime the market moves... oh its going to 1.18 oh to 1.3 bla bla bla...
When life gives you lemons, make lemonade
  • #548,109
  • Oct 7, 2011 1:00pm Oct 7, 2011 1:00pm
Quoting eliasahmar
3380 is an old resistance point... if we broke it we are going to test 3320.... on the upside trend next point to test is 3430.... but I prefer the bearish side

Bears is what im hoping too... Based on monthly charts...

But the dailies is too beat to take further down, but who knows...


As rebecca puts it, it's Friday!
  • #548,110
  • Oct 7, 2011 1:05pm Oct 7, 2011 1:05pm
Quoting Blacknightz
Bears is what im hoping too... Based on monthly charts...

But the dailies is too beat to take further down, but who knows...


As rebecca puts it, it's Friday!
I'll short it if it reached 3430 with a tight SL....
  • #548,111
  • Oct 7, 2011 1:12pm Oct 7, 2011 1:12pm
Quoting micho
stop shorting cause euro is going back up....
i find it silly how some people react in here everytime the market moves... oh its going to 1.18 oh to 1.3 bla bla bla...

LOL.. Totally agree with you Micho..
  • #548,112
  • Oct 7, 2011 1:14pm Oct 7, 2011 1:14pm
Quoting al5al majd
hello everyone
omg.. you played so heavy... this is very risky money management..
you have 2300 dollars but you invest 1 lot buy in total at the beginning, and fortunately, you sell 0.5+0.5=1 lot (or equivalent to s/l) so you have 300 loss now. if i were you, i would just close all of them and next time trade with 0.1 lot and seriously, dont trade like this in the future..
i know it sounds bad to close 300 loss but you need to be very careful for your money management and risk control.
  • #548,113
  • Oct 7, 2011 1:22pm Oct 7, 2011 1:22pm
are politicians trying to save the greece islands because that is were they will retire.
  • #548,114
  • Oct 7, 2011 1:25pm Oct 7, 2011 1:25pm
Quoting Yuchen
omg.. you played so heavy... this is very risky money management..
you have 2300 dollars but you invest 1 lot buy in total at the beginning, and fortunately, you sell 0.5+0.5=1 lot (or equivalent to s/l) so you have 300 loss now. if i were you, i would just close all of them and next time trade with 0.1 lot and seriously, dont trade like this in the future..
i know it sounds bad to close 300 loss but you need to be very careful for your money management and risk control.
i trade with only 500 dollar and i just shorted 1 full lot; however i had a 30 pip stop; i gain 75 pips today; i know that is a large % risk; however, without a short stop i would be "bankrupted". if you want to have 100-300 pip stops you need to use 2% risk per trade and scale in as it move in your favor; or double up it it slides 100 or 200 pips.

i would open another account with 500 dollar and then trade .01 lots (1k). that way you can have larger stops and not lose everything. if you want to do 10k lots, only scalp and after you get 10 pips close out 9k and let the 1k run.
  • #548,115
  • Oct 7, 2011 1:50pm Oct 7, 2011 1:50pm
Quoting al5al majd
hello everyone

you are in the money in 2 trades which should make about -70,, how come they add up and make -355??? Thatīs wierd... what broker do you trade with??? Call them up and ask them...

Otherwise look 4 the 33.80 resistance , if broken hold the shorts but kill the longs... anyways, dont expect much now in the price action,, itīs towards closing ... thatīs all I can help my friend...
  • #548,116
  • Oct 7, 2011 1:56pm Oct 7, 2011 1:56pm
Actually Im a trader not following the usual rules of risk management. I trade big lot size with small amount of money but I do it when I am almost sure there is a huge move in my favor side.
I traded NFP lots of time and never remember I lost money in NFP even once. Before today's NFP release I said to myself if the statistics are in favor of USD weakness we will have a upside move for 200-300 pips because the market showed a force to upside and it was just my feeling. I also predicted if the NFP statistics are in favor of USD strengthening we may have a bizzare shape of the movement of the pair, and it happened exactly the same as I expected. I went short just after price three times tested the cap and the "Volume" Indicator was in favor of a downward move.
I hope no one of you guys lost money on this NFP.
Rider of BIIIIG Moves!
  • #548,117
  • Oct 7, 2011 2:04pm Oct 7, 2011 2:04pm
Quoting Yuchen
If they had the inside infomration and traded with the advantage on that they had violated the code and standard so i dont think they would do that
Haha. Yes it is insider trading. But they just dont give a fook. It is interesting italy was downgraded during upwards correction, right after eu officals showed williingness to suport banks. What a coincidence.

T
"I know one thing, that I know nothing." Sokrates
  • #548,118
  • Oct 7, 2011 2:05pm Oct 7, 2011 2:05pm
.3390 was that just a check? bulls want confirmation if bears are serious.
As Above, So Below
  • #548,119
  • Oct 7, 2011 2:11pm Oct 7, 2011 2:11pm
Quoting al5al majd
hello everyone
you should consider closing the buy positions...i think it will go lower
  • #548,120
  • Oct 7, 2011 2:14pm Oct 7, 2011 2:14pm
Quoting Pipwanderer
you should consider closing the buy positions...i think it will go lower
1.28..am still holding from 1.493 & 1.45...looking to long only at ~ 1.23 area
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