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  • #571,561
  • Dec 8, 2011 3:53am Dec 8, 2011 3:53am
Quoting daemon_delux
Waiting for a such spike, already in a long position, -7 pips now. SL at 20 pips, a bit above the range resistance, in my calcs.

Thanks for the advice, will be around.

Dust of that range play strategy and put it to good use here.

Nothing on the wires either. Merkel/Sarkozy/Rompoy are meeting today, the main summit is tomorrow. The trio are working out some of the sticking points when it comes to QMV and what part of the EU they want to get together.


All the market is really interested it in is to see if Germany is finally either going to allow the ECB to do its job or what their final stand is going to be on either eurobonds and/or concurrent EMS/EFSF
  • #571,562
  • Dec 8, 2011 3:55am Dec 8, 2011 3:55am
Quoting mla
In my view to be a decent trader ( I say decent) you need to have a good eye.

Do you know what this is?

mla
You took the 5 min E/U chart and flipped it upside down and backwards.
Kill the ego, or it will kill the mission.
  • #571,563
  • Dec 8, 2011 3:56am Dec 8, 2011 3:56am
Quoting cloggie
Till then just play the range and watch out for ze Germanz to give us the occasional spike down. IF they keep mum, find your 20-30 pippers and be happy with it, that is all you are going to get.

The entire market is on eggshells and awaiting what is going to come out of the summit.

25
  • #571,564
  • Dec 8, 2011 3:56am Dec 8, 2011 3:56am
Quoting cloggie
Nah, you missing the trick here, you gotta run your EA on hundreds of backtests with different datapoints till you find just the right amount of data that shows you ea is perfect, then you open a 10k account in demo and adjust it to get it to 500k, you then take that single backtest and publish it on a website and bob's your uncle, you'll find hundreds of idiots willing to part with their cash.
i could be wrong, it's easy to make profit on backtest , it's don't have spread & slippage. last month my EA took negative 3k due to coding error in one of the function. i did back test on find error, but i have end up with profit.

i trying to make EA to make 3 -5 % PM constant with limited risk
Mohan
  • #571,565
  • Dec 8, 2011 3:57am Dec 8, 2011 3:57am
Eurozone German, French and Spanish bonds go down as a market value.

Does this mean, necessarilly, that the E will lose some power? Just saw this on bloombergTV.
Please, just slap me around if I'm being silly ...
  • #571,566
  • Dec 8, 2011 3:58am Dec 8, 2011 3:58am
Quoting shivas
25

Well played, there is no solid bottom in place yet to play the reverse. Be happy with your 25 I guarantee you it will be loads better then most will manage here this morning.
  • #571,567
  • Dec 8, 2011 4:01am Dec 8, 2011 4:01am
Good morning everyone

Market not woken up yet I see...

I guess I'll be sitting on the sidelines waiting for a break of either direction....

Short: Looking for a break and close below 1.3350 Daily support line 2...
Long: Looking for a break above and close above 1.34526 Daily Resistance line 2

Still technically bearish off the 4hr time frame, previous 4 bars and current 4 hour bar failed to close above the 3rd bearish candle to warrant a continuation of the move up we had earlier.

Daily Pivot is holding tight still, so still a 50-50 in either direction...
4 pin-lower highs all lower than the rest, technically would suggest a move to the south side...

On the fibo side of things: October 27th High to recent low on 15th November, we're below the 24% Trend Reactionary Level, so if a break below the 1.3350 area would suggest an attempt to find 1.32146 area...

If the break and close above the 24% TRL, coincidentally would fall in line of the Daily Resistance 1 line would suggest a move to the previous pin high stop hunt at 1.35457, and a close above the Weekly Resistance may find the 42% Trend Reactionary Level, just shy of the 18th November Pin high stop hunt around 1.36143

Do good stuff

Steve
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  • #571,568
  • Dec 8, 2011 4:01am Dec 8, 2011 4:01am
Monti and Barosso talking now, very very carefull ...
Please, just slap me around if I'm being silly ...
  • #571,569
  • Dec 8, 2011 4:02am Dec 8, 2011 4:02am
Quoting daemon_delux
Monti and Barosso talking now, very very carefull ...

Barosso has already finished.
  • #571,570
  • Dec 8, 2011 4:02am Dec 8, 2011 4:02am
Quoting AaronWard
You took the 5 min E/U chart and flipped it upside down and backwards.
No just upside down, rotate of 180d.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #571,571
  • Dec 8, 2011 4:05am Dec 8, 2011 4:05am
Quoting cloggie
Well played, there is no solid bottom in place yet to play the reverse. Be happy with your 25 I guarantee you it will be loads better then most will manage here this morning.

The puzzle is taking shape
  • #571,572
  • Dec 8, 2011 4:05am Dec 8, 2011 4:05am
What time does this talk finishes.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #571,573
  • Dec 8, 2011 4:05am Dec 8, 2011 4:05am
Yeah, my bad, sorry. Was so caught up in the moment, thought of both ...
Please, just slap me around if I'm being silly ...
  • #571,574
  • Dec 8, 2011 4:06am Dec 8, 2011 4:06am
It would be excellent if bull could take 3460 before bid rate decision.
Downside pressure would normal. Bull in risk now
You cannot learn better without losing
  • #571,575
  • Dec 8, 2011 4:10am Dec 8, 2011 4:10am
Quoting shivas
The puzzle is taking shape

It is indeed, just don't expect to hold onto a trade till we get something a little more solid out of either ze Germans, Geithner or Draghi later today.
  • #571,576
  • Dec 8, 2011 4:11am Dec 8, 2011 4:11am
Quoting mla
No just upside down, rotate of 180d.

mla
An image rotated 180d is upside down and backwards
Kill the ego, or it will kill the mission.
  • #571,577
  • Dec 8, 2011 4:11am Dec 8, 2011 4:11am
*yawn*

took a long @95, EU officials babbling always brings some quasi relief for a few moments...
Quant Hedge Fund CEO
  • #571,578
  • Dec 8, 2011 4:11am Dec 8, 2011 4:11am
head and shoulders on 5m chart.
  • #571,579
  • Dec 8, 2011 4:12am Dec 8, 2011 4:12am
Can anybody give me an idea of what one of the for pay Bloomberg news feeds costs?
Kill the ego, or it will kill the mission.
  • #571,580
  • Dec 8, 2011 4:12am Dec 8, 2011 4:12am
I think we should do less talk and more charts, lets put our marble on the table and that includes the ladies.

I can say so much about a trader looking at his charts.

This is my view.

mla
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"The Heart is the hub of all dances; go there and chill out"
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