Jawoll ... good idea ...
PA touched resistance zone at 1.3883 as per chart of post yesterday. missed the chance to add to long position because I have to be more cautios with pending orders at the moment, with no chance to intervene manually.
- #550,662
- Oct 14, 2011 2:21pm Oct 14, 2011 2:21pm
- Joined Apr 2009 | Status: Non-Member | 4,719 Posts
Well, i like your confidence dudester
well to me, i think that hedge funds, institutions that have goldmines and piles of cash, trade based on important fundamental news, they saw that the markozy setups would make everyone else long on false hope etc. Its fundamentals that make those traders trade in my opinion. I doubt 80% of them even look at charts. They hear, they trade. They get inside info better than us, more accurate, more detailed, they trade. few bribes here and there will not get them caught lol.
you do realize that 1.5000 and...
Mass psychology would think this is bad news. Exactly why I think that either the central banks or big institutions are in on it together to reverse course.
As you know you can't trade directly on the interbank (only banks, and big players) so we would be trading directly against the enemy who can view the state of the entire market. By tripping all the stops of the small guys, the big guys can laugh and share the love while the small guys just cry to their mom.
This way the big dogs don't fight the big dogs, unless they get greedy. (you read about the billionaire hedge fund losers).
In the end aslong as you find an edge and it works, then we're all happy for you, since we are all in this together against our enemy.
- #550,663
- Oct 14, 2011 2:23pm Oct 14, 2011 2:23pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Important fundamental news? Like downgrades to major EU banks being a chance to buy cheap? How about the need to restructure debt or the need for more QE? (the later might be a case for the bull since for liquidity being pumped) but still initially bearish until QE is introduced and injected.
Mass psychology would think this is bad news. Exactly why I think that either the central banks or big institutions are in on it together to reverse course.
As you know you can't trade directly on the interbank (only banks, and big players) so we would be...
hard to say yeah?
i wish u the best for your trades.
Have I got something on my face, SOLDIER?
- #550,664
- Edited 4:57pm Oct 14, 2011 2:28pm | Edited 4:57pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,367 Posts
When life gives you lemons, make lemonade
- #550,665
- Oct 14, 2011 2:29pm Oct 14, 2011 2:29pm
- Joined Apr 2009 | Status: Non-Member | 4,719 Posts
is this contrarian? or all the bears are?
hard to say yeah?
i wish u the best for your trades.
It pays to be a contrarian.
- #550,666
- Oct 14, 2011 2:32pm Oct 14, 2011 2:32pm
- | Joined Jul 2011 | Status: Jesus is the way. | 1,450 Posts
how can you long at this level?
eu has to break 3830 first..
Accordingly with your LAW...i took a short in exact in the same place...sl 3830 tp ..1.36
FxKiller and DNTme, you guys owe me one. It's just not fair. You both ran my stops by 2pips and ran away just because I didnt babysit my trade.I'll get my revenge on you both next week!
Don't just beat the markets, leave bruises.
- #550,667
- Oct 14, 2011 2:44pm Oct 14, 2011 2:44pm
- | Joined Jul 2011 | Status: Jesus is the way. | 1,450 Posts
basic stuff, fibonacci expansions, price action, gann fans, supply and demand + law of motion. and a fibo time zone for decoration
Don't just beat the markets, leave bruises.
- #550,668
- Oct 14, 2011 3:03pm Oct 14, 2011 3:03pm
- | Membership Revoked | Joined Jun 2011 | 2,124 Posts
I'll get my revenge on you both next week!
Sorry man, i'll drink thinking on this : cheers!
btw, im holding over weekend those 3 positions i have (i have a nice account and positions are small , about 0.2% )
Let's live to fight another week , next week!
Amen!
fokyou forexfactory
- #550,669
- Oct 14, 2011 3:47pm Oct 14, 2011 3:47pm
- | Joined Jul 2011 | Status: Jesus is the way. | 1,450 Posts
Sorry man, i'll drink thinking on this : cheers!
btw, im holding over weekend those 3 positions i have (i have a nice account and positions are small , about 0.2% )
Let's live to fight another week , next week!
Amen!
Anyways, thanks mate! It was fun having you around today. Looking forward to next week. :thumbs up:
Don't just beat the markets, leave bruises.
- #550,671
- Edited 5:11pm Oct 14, 2011 4:59pm | Edited 5:11pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #550,672
- Oct 14, 2011 5:02pm Oct 14, 2011 5:02pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #550,674
- Oct 14, 2011 11:12pm Oct 14, 2011 11:12pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
Mostly : US data green >> Dowjones Green >> Macro Economy Good >> USD down >> Other Risky Currency UP
but sometimes when US data green >> USD green
that's fundamental ......... hard to predict
but sometimes when US data green >> USD green
that's fundamental ......... hard to predict
Hi all, I have just went in FX market. Is there anyone tell me why EUR up when US release good news? Tks a lot
not euphoria follower
- #550,675
- Oct 14, 2011 11:26pm Oct 14, 2011 11:26pm
Hi everyone in FF...
I'm just joining this forum, been watching this EUR/USD thread disccusion since last week as a trader.
Well for me is quite interesting, especially I'm very new also in this FX business..
, finding any info is important, well FF is quite OK, I think 
So I've decided to join FF...hope I will learn from u all guys here, and I will try to contribute also in FF.
PS : Sorry if I've made mistake in my English, cause I'm from Asia Region.
Good Luck everybody
I'm just joining this forum, been watching this EUR/USD thread disccusion since last week as a trader.
Well for me is quite interesting, especially I'm very new also in this FX business..
, finding any info is important, well FF is quite OK, I think So I've decided to join FF...hope I will learn from u all guys here, and I will try to contribute also in FF.
PS : Sorry if I've made mistake in my English, cause I'm from Asia Region.
Good Luck everybody
- #550,676
- Oct 15, 2011 1:52am Oct 15, 2011 1:52am
- Joined Jun 2010 | Status: zero | 20,603 Posts
Hi all, I have just went in FX market. Is there anyone tell me why EUR up when US release good news? Tks a lot
welcome here in FF :-)
Markets are most of the time not driven by news but in fact driven by sentiment/mood of the market applicants.
You need to have really really powerful news/events like rate cuts/hikes to move a market forceful in one direction or the other.
But it is very entertaining to watch the analysts interpreting the news to make them fit into the market news.
Have a nice weekend and good luck in Forex,
Markus
- #550,677
- Oct 15, 2011 2:21am Oct 15, 2011 2:21am
- Joined Jun 2011 | Status: Scratching my head. | 3,578 Posts | Online Now
Hi all, I have just went in FX market. Is there anyone tell me why EUR up when US release good news? Tks a lot
Basic theory is all asset catagories fall into two classes, risk on (rise on good news) and risk off (fall on bad news).
This divide is led by the USD and equities. If good news then USD down, Equities UP. If bad news, USD up, Equities down.
Risk on: oil, euro, equities, ect
Risk off: gold, USD, Yen, Bonds
Very simply, when the US stock market goes up, the Euro follows, and the USD goes down. Counter intuitive but true.
Kill the ego, or it will kill the mission.
- #550,679
- Oct 15, 2011 3:51am Oct 15, 2011 3:51am
- Joined Apr 2009 | Status: Trader | 4,214 Posts
Oh, yeah, one more thing. Just for your eyes because I know you used to like them. We have one of those imaginary "you know what's" to plug. So I'm thinking plug it and bounce off 200 MA (this is 4 hour chart) and then back up to plug the other one. I'm not trading it of course ... lol ... but let's see. Mum's the word.
Attachment
I am trading it.