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  • #584,141
  • Jan 15, 2012 4:44pm Jan 15, 2012 4:44pm
Quoting KillerWhale
Who cares about high spread, when you pay 10 pip spread, its okay as long as you get at least 11 pip out of it. Maybe you won't have that chance when you wait till the spread is down.
This is often true when you plan on filling a GAP.

I went long a few hours ago @ 1.2635 for 7 pip spread. And I'm quite certain that it will pay off.
If your playing 1c a pip thats fine, but not when your $10 or $100 a pip - unless your dead cert with your trades, in which case you would not be looking at pre-market action as you would be making more then enough pips during the major markets...
  • #584,142
  • Jan 15, 2012 4:47pm Jan 15, 2012 4:47pm
today view:

Markets To "Digest" S&P Downgrades Of France, Eight Others
Bismillah
  • #584,143
  • Jan 15, 2012 4:47pm Jan 15, 2012 4:47pm
Quoting kibescorp
Spread is only a concern for scalpers and short-sighted idiots.

It's like worrying about a chipped nail when you've got a broken arm to deal with.

If you can consistently make large profits from your trades, then the spread you're paying is negligible.

On the other hand, if you're destined to suck and fail in the end anyway, then the spread is the least of your worries.
spread is on of the good indicator of liquidity
Mohan
  • #584,144
  • Jan 15, 2012 4:50pm Jan 15, 2012 4:50pm
Quoting KillerWhale
Who cares about high spread, when you pay 10 pip spread, its okay as long as you get at least 11 pip out of it. Maybe you won't have that chance when you wait till the spread is down.
This is often true when you plan on filling a GAP.

I went long a few hours ago @ 1.2635 for 7 pip spread. And I'm quite certain that it will pay off.
I said almost dead market . We had a big gap this weekend so now we are jumping up and down in our springy beds but more then 50 percent of the times , market remain dead on weekend and opens almost without gaps !!! That's when spreads becomes pain in the arse !!!
Human
  • #584,145
  • Jan 15, 2012 4:51pm Jan 15, 2012 4:51pm
Quoting Xdir
If your playing 1c a pip thats fine, but not when your $10 or $100 a pip - unless your dead cert with your trades, in which case you would not be looking at pre-market action as you would be making more then enough pips during the major markets...
That makes no sense. Entries should always relate to your NAV.
It is the number of pips gain that count. Not the $ value.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #584,146
  • Jan 15, 2012 5:22pm Jan 15, 2012 5:22pm
Quoting pkimnyc
As soon as you start hoping, its time to cut the loss and move on.

If you can't take -11 PIPS on your trade .. you should quit pkimnyc
.... I have a - 50 PIPS limit on each trade ... since this is Sunday...
I wouldn't worry as long as I control my Margin
  • #584,147
  • Jan 15, 2012 5:29pm Jan 15, 2012 5:29pm
Quoting aarontdang
If you can't take -11 PIPS on your trade .. you should quit pkimnyc
.... I have a - 50 PIPS limit on each trade ... since this is Sunday...
I wouldn't worry as long as I control my Margin
LOL. Kk whatever you say.
  • #584,148
  • Jan 15, 2012 5:55pm Jan 15, 2012 5:55pm
1.2731
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 23 KB
  • #584,149
  • Jan 15, 2012 5:59pm Jan 15, 2012 5:59pm
Quoting KillerWhale
That makes no sense. Entries should always relate to your NAV.
It is the number of tits gain that count. Not the $ value.
so if in a night i manage to get 4 tits, i still have to bother for the $ value of those tits. and how do we make entries in those tits ??
  • #584,150
  • Jan 15, 2012 6:00pm Jan 15, 2012 6:00pm
MY VIEW AFTER MARKET OPEN.... 2 critical point there
Attached Image (click to enlarge)
Click to Enlarge Name: euro19.JPG Size: 87 KB
Bismillah
  • #584,151
  • Jan 15, 2012 6:07pm Jan 15, 2012 6:07pm
Quoting krunfx
MY VIEW AFTER MARKET OPEN.... 2 critical point there
Sorry, why eurusd will bearish. Because the EU news is very bad and it's quite down trend very long.
  • #584,152
  • Jan 15, 2012 6:08pm Jan 15, 2012 6:08pm
for me 2727 (like the sound of it) then will then assess possible short.

Quoting hindustani
1.2731
  • #584,153
  • Jan 15, 2012 6:17pm Jan 15, 2012 6:17pm
Quoting apiwat14
Sorry, why eurusd will bearish. Because the EU news is very bad and it's quite down trend very long.
bcoz S&P downgrade news weight the market...
Bismillah
  • #584,154
  • Jan 15, 2012 6:26pm Jan 15, 2012 6:26pm
Asian traders always wait to monitor the london and US traders actions and then will do their job. Asian traders are timid. They don't react about S&P downgrade.
  • #584,155
  • Jan 15, 2012 6:36pm Jan 15, 2012 6:36pm
Quoting krunfx
MY VIEW AFTER MARKET OPEN.... 2 critical point there
I agree with this analysis. The problem is should I stay awake and wait for the break or go to bed now and back for London session?

(Prob do none of these as usual ... )
  • #584,156
  • Jan 15, 2012 6:40pm Jan 15, 2012 6:40pm
Quoting Arhs99
I agree with this analysis. The problem is should I stay awake and wait for the break or go to bed now and back for London session?

(Prob do none of these as usual ... )

depend on u fren
Bismillah
  • #584,157
  • Jan 15, 2012 6:51pm Jan 15, 2012 6:51pm
Just want to post something obvious.

Last week's close sits on its 23.6 Fibo line, let's see if E/U tries to close the gap and push it over. If not, it should be a good place to short or play range scalping.
Attached Image (click to enlarge)
Click to Enlarge Name: 16th jan eu.gif Size: 28 KB
  • #584,158
  • Jan 15, 2012 7:40pm Jan 15, 2012 7:40pm
Add long at 1.2628

2.5% risk, 5% profit
  • #584,159
  • Jan 15, 2012 7:44pm Jan 15, 2012 7:44pm
now testing daily lows
31/08/20101.2625
13/01/20121.26235

next levels i have in case its break

25/08/20101.2608
9/07/20101.2608

24/08/20101.2586 - (s1 @ 2576)


12/07/20101.2550
13/07/20101.2522
Mohan
  • #584,160
  • Jan 15, 2012 8:00pm Jan 15, 2012 8:00pm
  •  orzels
  • | Joined Nov 2011 | Status: Buy at resistance, Sell at support™ | 309 Posts
"Margin Call". Good movie. Bloomberg terminals everywhere.
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