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EURUSD

  • #570,101
  • Dec 5, 2011 2:17pm Dec 5, 2011 2:17pm
Quoting Tyoon
We have an important announcement at 4pm ET. Be careful with your open positions.

From who?
  • #570,102
  • Dec 5, 2011 2:17pm Dec 5, 2011 2:17pm
Quoting Tom_D_Trader
And because I am such a heckler, I have a picture for Micho. Someone took a picture of you .

T
This picture never gets old. Seriously cracks me up every time.
check out my blog: forexmademillionaire dot com
  • #570,103
  • Dec 5, 2011 2:18pm Dec 5, 2011 2:18pm
EU trade today
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  • #570,104
  • Dec 5, 2011 2:23pm Dec 5, 2011 2:23pm
Quoting DeafPipster
From who?
S&P. Related to the credit watch of the 17 EU nations.
  • #570,105
  • Dec 5, 2011 2:24pm Dec 5, 2011 2:24pm
Quoting Geppy
Ummm... wtf?
Ummm? I seriously dont have a clue right now. I am expecting ranging market whole week, awaiting summit.

I have absolutely no idea how much liquidity was poured into markets through those swap rates. I am just simply unable to count it, but I think it is a lot. Combined with lowering of RRR by China, which will eventually boost commodities, this pair still can have potent bullish momentum.

Underlying fundamentals are still bearish though and so is this downgrade.

Good enough for wtf?

T
"I know one thing, that I know nothing." Sokrates
  • #570,106
  • Dec 5, 2011 2:25pm Dec 5, 2011 2:25pm
Quoting SerpentDove
So much fine German pilsner it would make many heads spin.
For the record, pilsner is not german, but czech (from city called Pilsen...)
Quant Hedge Fund CEO
  • #570,107
  • Dec 5, 2011 2:28pm Dec 5, 2011 2:28pm
Quoting Tom_D_Trader

Good enough for wtf?

T
No, not at all. You said you were still holding shorts, then in the exact same post, you said you were flat.

You completely contradicted yourself in the matter of one post...
check out my blog: forexmademillionaire dot com
  • #570,108
  • Dec 5, 2011 2:29pm Dec 5, 2011 2:29pm
Quoting Taigen
The only SL I use is a zero stop and a profit stop. Depending on your type of trade, I suppose there is a place for a stop loss but I quit doing them. My history demonstrated that was mostly where I lost only to see the market back in my direction.
Sorry i have to say this. Nobody listen to this guy
  • #570,109
  • Dec 5, 2011 2:30pm Dec 5, 2011 2:30pm
Quoting FXMastermind
For the record, pilsner is not german, but czech (from city called Pilsen...)
Yes, to set the record straight. One of the finest beers in the world. Nastravi Pane .
  • #570,110
  • Dec 5, 2011 2:32pm Dec 5, 2011 2:32pm
got back from the stupid business dinner party, was all upset from missing a nice move, but meh, I at least scalped a quickie for a few, just to improve my mood...

Hope you guys faded this move and earned some money (obviously I wouldnīt wish you that if I was there trading, I need you on the other side to fill my pockets )
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Quant Hedge Fund CEO
  • #570,111
  • Dec 5, 2011 2:36pm Dec 5, 2011 2:36pm
Quoting SirMcPip
Yes, to set the record straight. One of the finest beers in the world. Nastravi Pane .
Hahaha, thanks, have you ever been to Prague? If you ever come around, I will show you places with beer you have only dreamed of

And for the record, itīs "Na zdravi, pane!" (for others, it means "Cheers, sir/dude/mate!")
Quant Hedge Fund CEO
  • #570,112
  • Dec 5, 2011 2:37pm Dec 5, 2011 2:37pm
Quoting Prusso
Just want to recommend talking-forex service which is inexpensive, has made me quite a few easy pips.... broke the news on this last move all the way up at 3403
If any, you take Bloomberg or Reuters. You really want no Muppet show, do you?
  • #570,113
  • Dec 5, 2011 2:38pm Dec 5, 2011 2:38pm
Quoting infinitus
If any, you take Bloomberg or Reuters. You really want no Muppet show, do you?

get talking forex for free by signing up to a www.deltaindex.com demo spread trading account
  • #570,114
  • Dec 5, 2011 2:39pm Dec 5, 2011 2:39pm
What does "fade" a move mean?
  • #570,115
  • Dec 5, 2011 2:39pm Dec 5, 2011 2:39pm
Quoting Tom_D_Trader
Ok, I have missed the move on my way from work. But well, I wouldnt be shorting from these levels anyway and I still hold my shorts, so I am fine.

As you probably see, we bounced from heavy support, which is at my charts marked as 3384 - 3398. This support was holding pretty well after price broke from 3447 - 35 zone two weeks ago. Price was stuck there for 4 hours untill it broke down. I dont see this likely now, as this move was sudden and hopium liquidity is still there, so I expect another move up now. Ranging market, if you prefere.

Ah,...


Hey Tom,

hope you are doing fine :-)


Do you know what I miss on your chart?

starts with fib and ends with fan
  • #570,116
  • Dec 5, 2011 2:39pm Dec 5, 2011 2:39pm
Quoting AaronWard
How does one make a fundamental entry? And what is more, why would you not want to pay attention to some basic technical trading strategies before you jumped into a trade?
I, myself have never understood the arguments of extreme fundies and extreme techies. BOTH ways of analysis are needed to trade properly in my opinion. Tech is good in BETWEEN news and PR announcements but when they are released, tech goes out the window for a little while and the fundies prevail. For example try trading on only tech if it is ever announced that the Euro is completely breaking apart and all 17 participants are going back to their own currencies, lol. There'd be ALOT of extrem techies with blown accounts if they'd stayed long because tech told them to. Again, im not biased one way or the other as I rely heavily on both.
  • #570,117
  • Dec 5, 2011 2:41pm Dec 5, 2011 2:41pm
Quoting Bice
I don't want to to trade constantly with that leverage. But I think it's very useful when the trend is certain or some news pushing the price to some direction.


I will not forbid it. This market needs liquidity and the traders need fodder from the gamblers
  • #570,118
  • Edited 9:31pm Dec 5, 2011 2:42pm | Edited 9:31pm
Well since we're almost closed here for NY and the only thing we have on the docket is the RBA rate decision later tonight, I'll throw the n00bs a bone.

Here's a before and after I took for the n00b corner while trading today. See how hard trading is?
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check out my blog: forexmademillionaire dot com
  • #570,119
  • Dec 5, 2011 2:43pm Dec 5, 2011 2:43pm
Quoting infinitus
Hey Tom,

hope you are doing fine :-)


Do you know what I miss on your chart?

starts with fib and ends with fan
Hi man, yea, I am fine. Hope you are fine too. I am still shorting this nasty. Well, not now, now I am only holding some shorts from two weeks ago.

But it is there! That yellow line is 38.2 fib from daily.

T
"I know one thing, that I know nothing." Sokrates
  • #570,120
  • Dec 5, 2011 2:43pm Dec 5, 2011 2:43pm
Quoting shocfacter
I, myself have never understood the arguments of extreme fundies and extreme techies. BOTH ways of analysis are needed to trade properly in my opinion. Tech is good in BETWEEN news and PR announcements but when they are released, tech goes out the window for a little while and the fundies prevail. For example try trading on only tech if it is ever announced that the Euro is completely breaking apart and all 17 participants are going back to their own currencies, lol. There'd be ALOT of extrem techies with blown accounts if they'd stayed long because...
That is my exact thinking. You must be adaptable, employing different trading styles for the given situation.
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