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  • #590,641
  • Feb 1, 2012 7:49am Feb 1, 2012 7:49am
Quoting stulic
Natural selection, that's how Forex works, 95% of novice traders are here to provide liquidity to the market and eventually get swallowed by the beast.
Funny thing is the stream is endless... It's like lemmings.
im off only for today. btw my SL keep me alive.
  • #590,642
  • Feb 1, 2012 7:50am Feb 1, 2012 7:50am
The recent upmove scared the shit out of me, but it looks like the 15 min retracement , to form 60 min B.

We are still in correction of 60 min ABC, A@ 1.3030 , B - 1.3200 C = 1.3000 ( This is also .38% of the recent daily up move from 1.26xx to 1.32xx)

I have placed the order to go short at 1.3200, SL @ 1.3230 , TP @ 1.3000
PPP - Patience Pays PIPS
  • #590,643
  • Feb 1, 2012 7:54am Feb 1, 2012 7:54am
Quoting disegnosys
IMO. The direction has been long since 1.2650. One of the bullish signs was all the negative news and the euro didn't tank.
Yeah... Agree that EUR is bullish since 2650.... But now i believe its time to come down... However as of now i am staying sidelines.....
  • #590,644
  • Feb 1, 2012 7:57am Feb 1, 2012 7:57am
Quoting FX Tsunami
Interesting !!! Anyway, i've planned to stay aside until any direction is clear... Will go long only if get a close above 3200... Until then my bias is bearish !!!
I am looking also for some bearish movements now on this resistences it can be maybe happen for the US season..why not we are in the middle of each position technicaly tells me to not get any trade now, but I have little hunger to hunt something..) I give my vote to a bearish US start ( but dont listen me, its my vote))
" Accepting losses is the most important single investment devise "
  • #590,645
  • Feb 1, 2012 7:59am Feb 1, 2012 7:59am
Quoting FX Tsunami
Yeah... Agree that EUR is bullish since 2650.... But now i believe its time to come down... However as of now i am staying sidelines.....
Question is: where will be new high? Friday high or higher today, tomorrow?
  • #590,646
  • Feb 1, 2012 8:00am Feb 1, 2012 8:00am
Quoting JackintheBox
I don't get rid off the feeling that market, especially eurusd is manipulated.
Nothing left from buying power... if ISM is bad, we ride the other direction in 2 hours.

Imagine the people who keep such a move alive...what a crazy billion dollar game they play but: They have the power to move the market - and the power to NOT move the market,

Anyone who really earns money week by week (not to talk for daily basis) here ? I doubt it... except you have some other tools then fundis or technical stuff...

greets Jack

One thing that most retail traders don't understand or think about is this concept. When a small trader places his trade with his broker, his broker has two options. The broker takes the trade against you or offsets the trades with equal number of other retail trades (his ideal situation) OR if the trades come in all short or long and not being equal then broker has no choice but go into the market and purchase a hedge in the opposite direction as the retail traders. Thus the retail traders trades do not really go into the market however the brokers hedge does go into the market. So that is why many times the market moves in the opposite direction of the retail traders and what causes the retail trader the most frustration and why it is so hard to beat this market. It is not that you were not right in your thinking but it was all about the timing. You gotta get on board at or as near the train station as possible. If you get on board on down the tracks at a later station then most of the time it is too late as it is about to stall or take a U-Turn and head back the direction that REAL MONEY is coming into the maket. (The hedge trade) Try to obsorb this concept and you will understand that the market "is not just out to get you" But all the retail trades being placed in one direction and not coming in equal on both sides of long and short forces the retail brokers to place a trade in the real market and most of the time it is a hedge in the opposite direction and not a trade into the market in the direction of the retail trade. I don't understand why most would always just hedge and not just place trades on the behalf of the member but I am sure it has something to do with most of the time retail traders are wrong or the brokers can chose when to place and time their trades at a different time than the retail trader to maximize their (brokers) profits. Hope this is clear enough for understanding a little bit.
  • #590,647
  • Feb 1, 2012 8:01am Feb 1, 2012 8:01am
That's cool, E/U getting up to these levels would be good place to short.

Quoting FX Tsunami
Yeah... Agree that EUR is bullish since 2650.... But now i believe its time to come down... However as of now i am staying sidelines.....
  • #590,648
  • Feb 1, 2012 8:01am Feb 1, 2012 8:01am
Quoting freedom48
I am looking also for some bearish movements now on this resistences it can be maybe happen for the US season..why not we are in the middle of each position technicaly tells me to not get any trade now, but I have little hunger to hunt something..) I give my vote to a bearish US start ( but dont listen me, its my vote))
I accept your vote.
Don't worry, i dont even listen to myself
  • #590,649
  • Feb 1, 2012 8:03am Feb 1, 2012 8:03am
Quoting freedom48
I am looking also for some bearish movements
Got some for ya:

Inserted Video



Unless you were looking for some bearish bowel movements in which case I cannot help.
Don't get mad, get even!
  • #590,650
  • Feb 1, 2012 8:05am Feb 1, 2012 8:05am
Quoting Henryk
Question is: where will be new high? Friday high or higher today, tomorrow?
3250(38.2 FIB) is a good resistance. If broken, expect to fly north uptil 3430... But even now i am tempted to short now.... I believe we would see 3020 by the end of the day. If that is the case we might reach even 2850 by this week....

Anyway, i ain't trading today...
  • #590,651
  • Feb 1, 2012 8:05am Feb 1, 2012 8:05am
Quoting Henryk
Question is: where will be new high? Friday high or higher today, tomorrow?
maybe 44 hours ? It could push straight through already now within 12 hours with this first wave / bullish cycle - I highly doubt such move though. I still believe that it will go to meet supply zone @ 1.313 first.
  • #590,652
  • Feb 1, 2012 8:07am Feb 1, 2012 8:07am
Quoting disegnosys
That's cool, E/U getting up to these levels would be good place to short.
let me hope
  • #590,653
  • Feb 1, 2012 8:09am Feb 1, 2012 8:09am
Quoting freedom48
I am looking also for some bearish movements now on this resistences it can be maybe happen for the US season..why not we are in the middle of each position technicaly tells me to not get any trade now, but I have little hunger to hunt something..) I give my vote to a bearish US start ( but dont listen me, its my vote))
upps I am perhaps on the right side 3179 works well for now who knows
" Accepting losses is the most important single investment devise "
  • #590,654
  • Feb 1, 2012 8:10am Feb 1, 2012 8:10am
Quoting stulic
Finally tomorrow you'll be like "the hell do they know anyway, I'll just do my thing"
Actually I'm like this right now.
  • #590,655
  • Feb 1, 2012 8:12am Feb 1, 2012 8:12am
belgium in recesson. now is bear time
  • #590,656
  • Feb 1, 2012 8:13am Feb 1, 2012 8:13am
[quote=Piptaker;5345681]One thing that most retail traders don't understand or think about is this concept. When a small trader places his trade with his broker, his broker has two options.

Thanks for the info..not yet really understand how the market works or who really (if any) act as market maker..
  • #590,657
  • Feb 1, 2012 8:14am Feb 1, 2012 8:14am
Quoting Rivid
belgium in recesson. now is bear time
Actually 3150 could prove a nice long entry.
Don't get mad, get even!
  • #590,658
  • Feb 1, 2012 8:15am Feb 1, 2012 8:15am
Quoting stulic
Got some for ya:

http://www.youtube.com/watch?v=qLYls...eature=related


Unless you were looking for some bearish bowel movements in which case I cannot help.
that was awasome video, I am dancing now bearish dance))from 3179

edit: that early dance perhaps a trap inside, lets see
" Accepting losses is the most important single investment devise "
  • #590,659
  • Feb 1, 2012 8:15am Feb 1, 2012 8:15am
Quoting Piptaker
One thing that most retail traders don't understand or think about is this concept. When a small trader places his trade with his broker, his broker has two options. The broker takes the trade against you or offsets the trades with equal number of other retail trades (his ideal situation) OR if the trades come in all short or long and not being equal then broker has no choice but go into the market and purchase a hedge in the opposite direction as the retail traders. Thus the retail traders trades do not really go into the market however the brokers...
That's how it is...
Also price goes against you as "big boys" like banks or hedge funds never trade spots. They place REAL MONEY orders much above or below the market spot price, so they make the market go to their required price, trigger, execute the order and then price goes exactly where they wanted... but those are huuuge money.
Read Charts - Not Papers
  • #590,660
  • Feb 1, 2012 8:16am Feb 1, 2012 8:16am
On USDX is gap on minute chart between 79.82-79.83. This gaps must be filled. When the EUR/USD jumped up last, the usdx go back filled yesterday gap between 78.95! What do you mean about it? This is not today or tomorrow but it must be fill this area!
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