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  • #586,861
  • Jan 22, 2012 5:02pm Jan 22, 2012 5:02pm
Quoting StreetGuru
Yes, but there is a reason for the market to open so down, this are not normal trade conditions. Fundamentals are ruling the market right now and the gap down is a strong sign investors are fleeing the EUR.

The rally in the EUR last week, although a needed correction, had a lot to do with hopes the greeks would manage to make a deal and avoid default. Both the head of the IIF and Greek officials spent most week saying a deal was imminent and would come before the weekend. On friday when investors start seeing that a deal would not come the EUR...
All fundies are 2 way sword. I know that euro sinking is everywhere on the news, but I have all kinds of little news blips that are positive for the euro.
  • #586,862
  • Jan 22, 2012 5:04pm Jan 22, 2012 5:04pm
good morning.

market socked me , i was expected to open above 2940, so 90/92 & 72 acting as sort time s & r ?


Happy New year to all of our Chinese friends
Mohan
  • #586,863
  • Jan 22, 2012 5:04pm Jan 22, 2012 5:04pm
Quoting MidasFX
If you are worrying , you might be using too big of a lot size. I am well prepared for the worst case scenario .
Just referring to the price action on the chart.

Glad to hear your trade is going well.
  • #586,864
  • Jan 22, 2012 5:04pm Jan 22, 2012 5:04pm
Quoting StreetGuru
Yes, but there is a reason for the market to open so down, this are not normal trade conditions. Fundamentals are ruling the market right now and the gap down is a strong sign investors are fleeing the EUR.

The rally in the EUR last week, although a needed correction, had a lot to do with hopes the greeks would manage to make a deal and avoid default. Both the head of the IIF and Greek officials spent most week saying a deal was imminent and would come before the weekend. On friday when investors start seeing that a deal would not come the EUR...
Also, I head on the fly that they did structure a deal, but they were not happy with the rates. 1 party wanted 3.75% and the other wanted more then 4%. so these trade talks will likely continue through next weekend.
  • #586,865
  • Jan 22, 2012 5:05pm Jan 22, 2012 5:05pm
Quoting todstars2
People lie to meet their own designs, prices dont.

We will have to agree to disagree until the market settles it for us. :-)
Absolutely! Good trades to both of us!
  • #586,866
  • Jan 22, 2012 5:05pm Jan 22, 2012 5:05pm
we are now left only 4 and 5 as we go to be around 1.22
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  • #586,867
  • Jan 22, 2012 5:06pm Jan 22, 2012 5:06pm
Quoting MidasFX
All fundies are 2 way sword. I know that euro sinking is everywhere on the news, but I have all kinds of little news blips that are positive for the euro.
a little will not win to fight with many..hehhe

unless....ez comes out with the 'sUPERB solution'

THEN.... i will consider...
Bismillah
  • #586,868
  • Jan 22, 2012 5:06pm Jan 22, 2012 5:06pm
[quote=danko316;5316712]we are now left only 4 and 5 as we go to be around 1.22
  • #586,869
  • Jan 22, 2012 5:07pm Jan 22, 2012 5:07pm
[quote=danko316;5316716]
Quoting danko316
we are now left only 4 and 5 as we go to be around 1.22
maybe if it still not break 1.3
Bismillah
  • #586,870
  • Jan 22, 2012 5:14pm Jan 22, 2012 5:14pm
Quoting krunfx
a little will not win to fight with many..hehhe

unless....ez comes out with the 'sUPERB solution'

THEN.... i will consider...
Little blips like this are more then enough to make price hit my TP ^_^

SYDNEY, Jan 23 (IFR) After being marked down from 1.2930 to 1.2875 in early Sydney (prov hol in Wellington), traders have managed to extend the decline 1.2854. However, steady European bank bidding has emerged to effectively turn the EUR higher.
  • #586,871
  • Jan 22, 2012 5:20pm Jan 22, 2012 5:20pm
Quoting krunfx
a little will not win to fight with many..hehhe

unless....ez comes out with the 'sUPERB solution'

THEN.... i will consider...
You have to keep your leverage in check and build your position over time.

The "...little blips..." begin to add up to a primary trend.

Today is Black Friday.

Tomorrow it could be Nordstrom prices.
  • #586,872
  • Jan 22, 2012 5:22pm Jan 22, 2012 5:22pm
Quoting krunfx
a little will not win to fight with many..hehhe

unless....ez comes out with the 'sUPERB solution'

THEN.... i will consider...
You have to keep your leverage in check and build your position over time.

The "...little blips..." begin to add up to a primary trend.

Today is Black Friday.

Tomorrow it could be Nordstrom prices.

Exactly when you want to be selling, not going long.
  • #586,873
  • Jan 22, 2012 5:24pm Jan 22, 2012 5:24pm
Quoting todstars2
You have to keep your leverage in check and build your position over time.

The "...little blips..." begin to add up to a primary trend.

Today is Black Friday.

Tomorrow it could be Nordstrom prices.

Exactly when you want to be selling, not going long.
slowly man...forex need many consideration to be success..... need a powerful technical +fundies analysis to master reading the chart soon...hahaha

if u not agree...nvm.... one day u will agree what im saying.. haha
Bismillah
  • #586,874
  • Jan 22, 2012 5:25pm Jan 22, 2012 5:25pm
if we can break this level 2890, we should see a good attempt to close this "gap" back up to open price area.
  • #586,875
  • Jan 22, 2012 5:29pm Jan 22, 2012 5:29pm
Quoting krunfx
slowly man...forex need many consideration to be success..... need a powerful technical +fundies analysis to master reading the chart soon...hahaha

if u not agree...nvm.... one day u will agree what im saying.. haha
I will need somebody to sell to. :-)

That makes a market.
  • #586,876
  • Jan 22, 2012 5:32pm Jan 22, 2012 5:32pm
Quoting krunfx
slowly man...forex need many consideration to be success..... need a powerful technical +fundies analysis to master reading the chart soon...hahaha

if u not agree...nvm.... one day u will agree what im saying.. haha
The most successful trading I ever did in my life was being completely ignorant to fundies. As a short term scalper it never mattered if euro was sinking or if USA was in a depression. Just be wary of a new report, and you'd be fine or trade during asian session like i did. The more you know about forex, the more complicated you CAN make it. The less you know the easier it is to focus.
  • #586,877
  • Jan 22, 2012 5:38pm Jan 22, 2012 5:38pm
Quoting MidasFX
The most successful trading I ever did in my life was being completely ignorant to fundies. As a short term scalper it never mattered if euro was sinking or if USA was in a depression. Just be wary of a new report, and you'd be fine or trade during asian session like i did. The more you know about forex, the more complicated you CAN make it. The less you know the easier it is to focus.
even when scalping I like to be up to date. though it does give you a bias so instead of scalping a range I will buy dip scalps in my bias in case of a break. I find myself alot more successful this way.
  • #586,878
  • Jan 22, 2012 5:39pm Jan 22, 2012 5:39pm
If your watching the 5 minute chart it is interesting to watch as these buyers "climb the wall of worry".
  • #586,879
  • Jan 22, 2012 5:42pm Jan 22, 2012 5:42pm
Quoting MidasFX
The most successful trading I ever did in my life was being completely ignorant to fundies. As a short term scalper it never mattered if euro was sinking or if USA was in a depression. Just be wary of a new report, and you'd be fine or trade during asian session like i did. The more you know about forex, the more complicated you CAN make it. The less you know the easier it is to focus.
I agree...the lesser you knew...less confusion. The more you know...that would be....another matter.lol
  • #586,880
  • Jan 22, 2012 5:42pm Jan 22, 2012 5:42pm
Quoting MidasFX
The most successful trading I ever did in my life was being completely ignorant to fundies. As a short term scalper it never mattered if euro was sinking or if USA was in a depression. Just be wary of a new report, and you'd be fine or trade during asian session like i did. The more you know about forex, the more complicated you CAN make it. The less you know the easier it is to focus.
are u sure...

waht about may 2010
after lehman colapse
carry trade unwind
snb intervention
boj intervention?
???

please give me and answer if u never bother about fundies..??.hehehe


Bismillah
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