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  • #560,941
  • Nov 11, 2011 2:47am Nov 11, 2011 2:47am
3610 ish was the play for London Open.

It was/is the level to watch this week.

last weeks low/last day close.

Bulls need to push now to get away from it.
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  • #560,942
  • Nov 11, 2011 2:47am Nov 11, 2011 2:47am
Quoting 21vs7
Yes, I can be almost 100% sure when I see it all together. It is pretty ridiculous from time to time. Lovin it!! Respeect!

And yes. It is all about business! The market does not forget and do not give you a second chance. And if you are here strictly to behave as a trader, you quickly found out who the muppets are.

Once you start taking money out of the market because you properly researched it and you saw the whole big picture, it is well deserved and it feels darn good at the end of the day.

Most here just gamble, have their monkey toss a coin for them, find some signal service or get lucky, that's lying to yourself. Because they lie to themselves, they will never improve and never become a proper trader the lying will keep them from actually admitting that they are crap.

Only a handful of you guys will make it in the end, accept it, that's life. The vast majority of you have no business being in this business.
  • #560,943
  • Nov 11, 2011 2:48am Nov 11, 2011 2:48am
Quoting MitchWorse
3610 ish was the play for London Open.

It was/is the level to watch this week.

last weeks low/last day close.

Bulls need to push now to get away from it.

Spot on kid. Go back over my posts and see how much I hammered down on that 3610 earlier this week, she's still here and she's still a player. Now keep your head out of your @Rse, keep an eye on the big picture and you'll be fine.
  • #560,944
  • Nov 11, 2011 2:52am Nov 11, 2011 2:52am
Quoting mercy seat
Partial profits (95% of previous entries) at 1.3604 ...

+ 40 pips in a very short time ...



;-|


Re-entered at 1.36627 ...



Furthermore pendings at 1.3670 ... 1.3681 ... 1.3730 ...

Jedes mal um eine genau berechnete Stoff-Menge (MOL) größer ... best method today ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #560,945
  • Nov 11, 2011 3:02am Nov 11, 2011 3:02am
Quoting cloggie
Spot on kid. Go back over my posts and see how much I hammered down on that 3610 earlier this week, she's still here and she's still a player. Now keep your head out of your @Rse, keep an eye on the big picture and you'll be fine.

The next biggie up here is 3697. Those are your 2 numbers for the day. The FI boys are still driving this one here.

Don't even contemplate trading today unless you keep a DAX/MIB chart open and keep an eye on the spreads/CDS's, that's the moneyflow for the day.
  • #560,946
  • Nov 11, 2011 3:03am Nov 11, 2011 3:03am
LOOL, 11.11.2011 today

just heard on the news:
egipt has closed down access to pyramids
  • #560,947
  • Nov 11, 2011 3:05am Nov 11, 2011 3:05am
Long based and njoying cloggie's posts xD

morning all
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  • #560,948
  • Nov 11, 2011 3:08am Nov 11, 2011 3:08am
Quoting Incrediblle
I have blow up more then 35 accounts
.

Do I really need to say more?

Stop lying to yourself kid, this business ain't for you.


You're in the lead for the coveted award of the day though, keep up the good work.
  • #560,949
  • Nov 11, 2011 3:08am Nov 11, 2011 3:08am
This crazy not ending so soon ! if fall to 3606/9 again may try further up , able or not break 3670+79 .did not able but not loosing the heart & trying hard by intervention perhaps . so 3606/9 watching.

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #560,950
  • Nov 11, 2011 3:09am Nov 11, 2011 3:09am
Quoting cloggie
Once you start taking money out of the market because you properly researched it and you saw the whole big picture, it is well deserved and it feels darn good at the end of the day.

Most here just gamble, have their monkey toss a coin for them, find some signal service or get lucky, that's lying to yourself. Because they lie to themselves, they will never improve and never become a proper trader the lying will keep them from actually admitting that they are crap.

Only a handful of you guys will make it in the end, accept it, that's life. The vast...
I think I know a little bit about correlation between CDS spreads, bond yields, relation to credit rating announcements etc., but I am always eager to learn more, so if you could perhaps PM me (or post it here) some recommended literature/articles about this topic, I will appreciate it, there´s always a lot of place to improve. Thanks a lot...
Quant Hedge Fund CEO
  • #560,951
  • Nov 11, 2011 3:12am Nov 11, 2011 3:12am
Quoting cloggie
The next biggie up here is 3697. Those are your 2 numbers for the day. The FI boys are still driving this one here.

Don't even contemplate trading today unless you keep a DAX/MIB chart open and keep an eye on the spreads/CDS's, that's the moneyflow for the day.
dax and mib, both of which are really coming off their early highs here
  • #560,952
  • Nov 11, 2011 3:12am Nov 11, 2011 3:12am
Quoting FXMastermind
I think I know a little bit about correlation between CDS spreads, bond yields, relation to credit rating announcements etc., but I am always eager to learn more, so if you could perhaps PM me (or post it here) some recommended literature/articles about this topic, I will appreciate it, there´s always a lot of place to improve. Thanks a lot...

Nothing beats the charts. Most books and articles are just opinions of economists and analysts, if they really knew their sh!t they'd be traders.

As with everything else in this business, there is nothing you can beg, borrow, steal or buy as a shortcut. Nothing beats putting the work in yourself.
  • #560,953
  • Nov 11, 2011 3:13am Nov 11, 2011 3:13am
Quoting taxe91
dax and mib, both of which are really coming off their early highs here

You got it, so what does that tell you? Yup, the magic 3610 is still in play. Are you surprised?

The market knows when the ECB is stepping in (and so should you, the fingerprints are all over the place).

What the market know wants to know is whethere they are here for the long run or are just in panic mode. Why did the peg of the swissy work so well? Not because the SNB threw so much money at it, they hardly spend any at all, it was because they showed conviction. How convincing is the ECB. They are good, but will the politicians allow them to be convincing? That is what a continued protection of the 500 level and the 7% barrier will show here. Those are your triggers, nicely confirmed with DAX/MIB
  • #560,954
  • Nov 11, 2011 3:15am Nov 11, 2011 3:15am
Quoting cloggie
The next biggie up here is 3697. Those are your 2 numbers for the day. The FI boys are still driving this one here.

Don't even contemplate trading today unless you keep a DAX/MIB chart open and keep an eye on the spreads/CDS's, that's the moneyflow for the day.
Any hints on how to use the correlation of the DAX to the euro?

Really trying to understand the bigger picture.

Thanks in advance
  • #560,955
  • Nov 11, 2011 3:17am Nov 11, 2011 3:17am
Quoting FxEuphoria
Any hints on how to use the correlation of the DAX to the euro?

Really trying to understand the bigger picture.

Thanks in advance

Open both of them side by side and see for yourself. Go spend some time on the charts with a piece of paper. A lesson learned is a lesson remembered.

Just keep in mind, a DAX/EURUSD by itself is not enough, that still does not give you the big picture.

You constantly need to judge the risk appetite of the market, that means keeping an eye out for the entire big picture.

That is what makes trading currencies so much more complicated then for example equities/FI. Not only are you trading a pair, but you are trading the consensus of 10,000's of traders and the entire world economy, that is a lot to keep track off. Most just ignore it and keep to a few indies, a heck of a lot simpler.
  • #560,956
  • Nov 11, 2011 3:19am Nov 11, 2011 3:19am
Quoting taxe91
dax and mib, both of which are really coming off their early highs here
Don't short it here... too much risk with asian highs. wait for the other numbers
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  • #560,957
  • Nov 11, 2011 3:21am Nov 11, 2011 3:21am
Quoting mercy seat
Re-entered at 1.36627 ...



Furthermore pendings at 1.3670 ... 1.3681 ... 1.3730 ...

Jedes mal um eine genau berechnete Stoff-Menge (MOL) größer ... best method today ...



;-|
Sell the rallies ... that is what I do prefer today ...

Partial profits again ...

At 1.36427 ...

+ 20 Stellen profit again ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #560,958
  • Nov 11, 2011 3:24am Nov 11, 2011 3:24am
Correlated markets holding steady, 3610 is safe. 3697 still in sight.
  • #560,959
  • Nov 11, 2011 3:25am Nov 11, 2011 3:25am
Quoting MitchWorse
Don't short it here... too much risk with asian highs. wait for the other numbers
wasnt thinking of shorting it, to be honest i actually trade the aussie i just hang out in this thread more because its actually active.

besides, the italian mib is clawing some of its gains back as i type this
  • #560,960
  • Nov 11, 2011 3:27am Nov 11, 2011 3:27am
Quoting cloggie
Correlated markets holding steady, 3610 is safe. 3697 still in sight.

All we need now is this consolidation area here of the London break to give. Play it one set of areas at a time.

So far we have had a textbook day, a Franky fake, a good London break followed by a consolidation. Now the market decides whether we will play a continuation or a reversal. The correlation still points up.
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