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  • #591,561
  • Feb 3, 2012 12:31pm Feb 3, 2012 12:31pm
Extraordinary Popular Delusions and the Madness of Crowds...

"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one."
  • #591,562
  • Feb 3, 2012 12:33pm Feb 3, 2012 12:33pm
Quoting katrooo
hey mate,

in my opinion this logic is wrong...
I knew what i asked was wrong considering what has happened today.

I should have asked in general.

Consider a situation like this: A country is on the verge of weakness or something and desperately need to print more money. But like today, some datas proved to be better for the economy. But still, the country need to print atleast half of what they thought earlier to the data was released. Now, what ever is the case printing devalues the currency. Without a positive data, they might have printed money whch cause an inflation say, 1%. If suppose, With currency appreciating in the market and they print money, will it cause lesser inflation. less than 1% ???

I mean if the above situation happens.
  • #591,563
  • Feb 3, 2012 12:43pm Feb 3, 2012 12:43pm
Quoting kuroro001
1,312x rejected....but 1,3100 bought...and now a break of it.
I just can't short that thing yet...not until we reach new highs...or close to the top
Definately no euro sell off.... No 2 or 300 pip selloff, means only one thing.... Continuation of the rally started last month!
  • #591,564
  • Feb 3, 2012 12:47pm Feb 3, 2012 12:47pm
Quoting mkvy
Definately no euro sell off.... No 2 or 300 pip selloff, means only one thing.... Continuation of the rally started last month!


I'm a believer after todays action.
  • #591,565
  • Feb 3, 2012 12:57pm Feb 3, 2012 12:57pm
For those that hold trades over the weekend what is your average trade duration?

Thanks
  • #591,566
  • Feb 3, 2012 1:00pm Feb 3, 2012 1:00pm
Quoting FX Tsunami
I knew what i asked was wrong considering what has happened today.

I should have asked in general.

Consider a situation like this: A country is on the verge of weakness or something and desperately need to print more money. But like today, some datas proved to be better for the economy. But still, the country need to print atleast half of what they thought earlier to the data was released. Now, what ever is the case printing devalues the currency. Without a positive data, they might have printed money whch cause an inflation say, 1%....

hmm...it doesnt work in this way...

first of all the "printing" of money - its not such a thing as u maybe imagine - why do u think they need to print more money??? its done in case of bad situation and financial meltdown, bad data, bad employment and its done with buying assets from the market especiially goverment bonds for keeping real yields lower and allow economical subjects to borrow money with low costs and boost economy(now talking about US - not about inflationary debt-reducing printing and devaluating crncies which would happen to some EU countries in case of breakup)

another point - about appreciating currency - typical yield-differency model to forecast currencies doesnt work in this situation - that means good figures (and rate hikes expectations) does not equal to stronger currency - especially when FED is planning to keep rates low till 2014 - it s more about risk on/off sentiment now

- but about ur question, im not sure how it would work out, it depends....but there is some logic behind your words, maybe someone with better economics knowledge can help us to answer

hope it helps
  • #591,567
  • Feb 3, 2012 1:07pm Feb 3, 2012 1:07pm
Quoting uptickk
For those that hold trades over the weekend what is your average trade duration?

Thanks
I see you have a low post count so I will toss this warning out for you: read the fine print in your "contract" with your broker about honoring stops over the weekend. Ive had a few friends who held trades over the weekend only to find out that they were stopped out way beyond their set stop loss because of gaps.
Trade like a banker, trade to targets.
  • #591,568
  • Feb 3, 2012 1:12pm Feb 3, 2012 1:12pm
Quoting Karthunk
I see you have a low post count so I will toss this warning out for you: read the fine print in your "contract" with your broker about honoring stops over the weekend. Ive had a few friends who held trades over the weekend only to find out that they were stopped out way beyond their set stop loss because of gaps.
Thanks for the heads up Karthunk
  • #591,569
  • Feb 3, 2012 1:16pm Feb 3, 2012 1:16pm
where my bulls at?? hoot hoot!!!!
I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
  • #591,570
  • Feb 3, 2012 1:18pm Feb 3, 2012 1:18pm
Quoting uptickk
For those that hold trades over the weekend what is your average trade duration?

Thanks
Welll for me sometimes 6 or 7 days or longer till i get kicked out just depends, and sometinmes as short as 1 or 2 days or hours.

Happy trading
I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
  • #591,571
  • Feb 3, 2012 1:24pm Feb 3, 2012 1:24pm
Quoting gomab11
Welll for me sometimes 6 or 7 days or longer till i get kicked out just depends, and sometinmes as short as 1 or 2 days or hours.

Happy trading
Thanks gomab

I am getting back into FX and trying to decide on my time frames.
  • #591,572
  • Feb 3, 2012 1:25pm Feb 3, 2012 1:25pm
completely asynchronous with euro today but i suspect even more upside in s and p/ dow into the close. equity bears got their teeth smashed ...
  • #591,573
  • Feb 3, 2012 1:25pm Feb 3, 2012 1:25pm
Quoting katrooo
hmm...it doesnt work in this way...

first of all the "printing" of money - its not such a thing as u maybe imagine - why do u think they need to print more money??? its done in case of bad situation and financial meltdown, bad data, bad employment and its done with buying assets from the market especiially goverment bonds for keeping real yields lower and allow economical subjects to borrow money with low costs and boost economy(now talking about US - not about inflationary debt-reducing printing and devaluating crncies which would happen to...
It was really helpful buddy. And i thank you for your time.

But i hope good figures of unexpected magnitude would trigger the economical growth which might lead to improved consumer spending and starts increasing inflation. So i guess FED cannot hold the rate much lower so long .
  • #591,574
  • Feb 3, 2012 1:29pm Feb 3, 2012 1:29pm
Quoting uptickk
Long 1.310100
Want to see 1.32 but will most likely close before the end of the day.
  • #591,575
  • Feb 3, 2012 1:29pm Feb 3, 2012 1:29pm
Quoting uptickk
Long 1.310100
u still holding that ...
  • #591,576
  • Feb 3, 2012 1:30pm Feb 3, 2012 1:30pm
market still trust them ?

GREEK GOVERNMENT OFFICIAL SAYS TALKS WITH TROIKA GOING WELL
Mohan
  • #591,577
  • Feb 3, 2012 1:31pm Feb 3, 2012 1:31pm
i think next week we will see how strong this resistance above 1.3220 really is. also if price until today not even touched the weekly 38.2% fib retracement level.

maybe we will see a breakout until 1.34 or somewhere above. maybe we will only see an upthrust to 1.3250 and then a reversal to the downside.

before this week i thought that we are still in a weekly downtrend but after this week seeing so much support on every dip on several price levels, i start to doubt. if this is only a retracement to the 38% fib level and back down, i would expect that price touches this level and then go more or less straight to the downside to continue the downtrend.

maybe it is my fault because i normally dont trade in such timeframes. if i have a look at the weekly timeframe everything looks still valid for a continuation of the downtrend.

on the other hand i also believe that as long as there is no decision about the situation in greece/europe, price will stay at around the current level. it seems that this could easy continue for another few weeks. i didnt expect such a long waiting without any solid informations on the progress of that deal. there were so much rumors and market talk about this greek deal this week...

we will see.
all my short positions are well covered. if it goes down im happy, if it goes up, i can wait and will find another good levels to short it

have a good weekend!
mike
.:: your stop loss is another trader's first target ::.
  • #591,578
  • Feb 3, 2012 1:34pm Feb 3, 2012 1:34pm
btw nice number,lol.
Quoting free4440273
u still holding that ...
patient is my attitude, rushing is a dog
  • #591,579
  • Feb 3, 2012 1:38pm Feb 3, 2012 1:38pm
waiting for break out,"spank bull balls" let's go bull.lets go 1.32-134 next weeks.heeyarrgghh..heeyarrghh..
patient is my attitude, rushing is a dog
  • #591,580
  • Feb 3, 2012 1:38pm Feb 3, 2012 1:38pm
Quoting joop
btw nice number,lol.
purely random though ...(un) like forex
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