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  • #593,241
  • Feb 8, 2012 1:58pm Feb 8, 2012 1:58pm
Quoting JTattheRanch
Euro will go to 1.5500 in the next couple of months.
The US government is more interested in the DOW and SPY. They are very much so inflating the US Stock Market.

First we have to see if Greece can pay it bills in March and if they can then we could cee another bullish trend i think.

But almost everyone is yelling that Greece is going to default because there economy is crumbled down in the last years.
But hey who knows....

And there is not much other goverments can do about the situation in Europe, only there Chinees could help out but they would ask a heavy price for that and i don't think europe is willing to pay that price.

especaily with the whole Syria thing this weekend with the UN

But this is just my own personal look into the world
  • #593,242
  • Feb 8, 2012 2:01pm Feb 8, 2012 2:01pm
Quoting sidhujag
I'm getting the active trader spreads so around 0.7 pips on EU but then there is commision of about 0.5 pips. Execution is ok but seems though my SL's are always targetted (spread widening or spiking)

I may asume you have checked with other brokers.
Do they show the same Spiks?
  • #593,243
  • Feb 8, 2012 2:09pm Feb 8, 2012 2:09pm
Quoting Erebus
Good luck with that

Wanted to short around 1.3268 area but ended up doing some valentines day shopping for the wife and didn't get in.

Coulda woulda shoulda
  • #593,244
  • Feb 8, 2012 2:21pm Feb 8, 2012 2:21pm
Quoting Covux
First we have to see if Greece can pay it bills in March and if they can then we could cee another bullish trend i think.
Aren't you forgetting a tiny little thingy or two?
Like Portugal, Italy, Ireland, Spain?
Like a world wide recession caused by EZ in the near future?

Greece will look like a Christmas Party when all the shit gets lose.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #593,245
  • Feb 8, 2012 2:25pm Feb 8, 2012 2:25pm
Quoting Covux
I may asume you have checked with other brokers.
Do they show the same Spiks?
On other brokers my SL was safe
  • #593,246
  • Feb 8, 2012 2:35pm Feb 8, 2012 2:35pm
Quoting KillerWhale
Aren't you forgetting a tiny little thingy or two?
Like Portugal, Italy, Ireland, Spain?
Like a world wide recession caused by EZ in the near future?

Greece will look like a Christmas Party when all the shit gets lose.

I also have those in mind yes.

But those counrties have alrdy pleched to make some cuts and are way further then Greece if you look at it that way.

The way I look it is that around the 20 of march( they have till 27th)
We will hear if Greece can pay its bills.

If they can, it would in theory send a positieve signal from the EZ to the rest of the world and maybe bring down the borrowing costs for also the PIIGS countries.

And this way maybe crawl out of a ression/depression
But even still it would take the countries some years to recover from this.

Or when March is over and we moce into April we see some dead bodies dropping out of the clossest

And ofcourse we still have an election in greece this spring...
  • #593,247
  • Feb 8, 2012 2:40pm Feb 8, 2012 2:40pm
Quoting sidhujag
On other brokers my SL was safe

Weird does it happend alot.

Just curios I only trade FX at the moment and i am following stock because i follow alot of Bloomberg and started reading on stocks now on the internet.
But first i want to beo profitable in FX before i even dare go into stocks or Commodities.

But i do hear people talk about oil or gold from time to time in this thread
and that makes we kinda cursios.

Also another question:
How long do you use FXCM and what is your general experience?
  • #593,248
  • Feb 8, 2012 2:40pm Feb 8, 2012 2:40pm
Quoting KillerWhale
Aren't you forgetting a tiny little thingy or two?
Like Portugal, Italy, Ireland, Spain?
Like a world wide recession caused by EZ in the near future?

Greece will look like a Christmas Party when all the shit gets lose.
hey sorry to get in the discussion but the word over here in Europe is that Italy will start to recover due to the extreme measured taken, and also Portugal seems to be safe until 2014, or that is the thing they are telling over here....
Trade what you see not what you hope
  • #593,249
  • Feb 8, 2012 2:54pm Feb 8, 2012 2:54pm
Quoting STIprdr
hey sorry to get in the discussion but the word over here in Europe is that Italy will start to recover due to the extreme measured taken, and also Portugal seems to be safe until 2014, or that is the thing they are telling over here....

I can speak for themselves as Italian, things here are not bad, there are measures to tighten the belt nothing more, if you come in my part and you make a turn, people are more frightened when turning on the TV
There is only one right price.... what the customer is willing to pay !
  • #593,250
  • Feb 8, 2012 2:58pm Feb 8, 2012 2:58pm
Quoting Covux
Weird does it happend alot.

Just curios I only trade FX at the moment and i am following stock because i follow alot of Bloomberg and started reading on stocks now on the internet.
But first i want to beo profitable in FX before i even dare go into stocks or Commodities.

But i do hear people talk about oil or gold from time to time in this thread
and that makes we kinda cursios.

Also another question:
How long do you use FXCM and what is your general experience?
about a year,

execution ok, but they do SL hunting like most other bucketshops. They claim ECN direct processing with no hedging, but I bet its not. They were in court for negatively slipping orders on purpose. I may switch to IB, you can do everything with them, just no mt4.
  • #593,251
  • Feb 8, 2012 3:01pm Feb 8, 2012 3:01pm
Eur tired of consolidation and getting ready for a break-out right about now. Should break 1.33 tomorrow.
  • #593,252
  • Feb 8, 2012 3:03pm Feb 8, 2012 3:03pm
Quoting sidhujag
about a year,

execution ok, but they do SL hunting like most other bucketshops. They claim ECN direct processing with no hedging, but I bet its not. They were in court for negatively slipping orders on purpose. I may switch to IB, you can do everything with them, just no mt4.

oke ty

One more Thing what is MT4?
I read it alot and i know some brokers offer this on there platfrom
but the only thing i get from it is that you can use AI's
it that all or os there more to it?
  • #593,253
  • Feb 8, 2012 3:09pm Feb 8, 2012 3:09pm
Quoting Covux
oke ty

One more Thing what is MT4?
MT4 - Meta Trader 4 ( in other words trading platform)

Don't worry you'll be working on it some day
  • #593,254
  • Feb 8, 2012 4:28pm Feb 8, 2012 4:28pm
Quoting STIprdr
hey sorry to get in the discussion but the word over here in Europe is that Italy will start to recover due to the extreme measured taken, and also Portugal seems to be safe until 2014, or that is the thing they are telling over here....
In the end of 2013 Portugal will be with almost no need of external loans! The meassures taken, are really strong. Tax collecting in Portugal really works.

Ireland is going well, at least, that's what it seems!

Italy seems ok, but I don't think the measures taken are enough for the size of the problem!

Greece has a tax collecting problem, the system doesn't work, Greek people think they do not have obligations, they think they only have benefits. They lived for years from the money from the EU, when it ended, the problem appear.

Spain can be a problem because of the unemployment.

Overview: for me Portugal and Ireland are in the right path. Spain and Italy have unpredictable future. Greece is lost.
  • #593,255
  • Feb 8, 2012 4:34pm Feb 8, 2012 4:34pm
Anyone know what happened about a half hour ago (16:44 EST) with the NZD pairs?

Big spike down stopped me out and went straight bacck to where it was and then into (what would have been) profit.

Bad price feed or blatant stop run? Market tab here shows same thing.

I have an enquiry lodged with FXCM and awaiting reply.
  • #593,256
  • Feb 8, 2012 4:36pm Feb 8, 2012 4:36pm
I need some help about a terminology we can read in some forex websites.

What is the exact meaning of a savvy trader.

thanks!
  • #593,257
  • Feb 8, 2012 4:38pm Feb 8, 2012 4:38pm
Quoting Sandy A.
Anyone know what happened about a half hour ago (16:44 EST) with the NZD pairs?

Big spike down stopped me out and went straight bacck to where it was and then into (what would have been) profit.

Bad price feed or blatant stop run? Market tab here shows same thing.

I have an enquiry lodged with FXCM and awaiting reply.
Unemployment rate
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  • #593,258
  • Feb 8, 2012 4:41pm Feb 8, 2012 4:41pm
Quoting chess king
Unemployment rate
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Thanks. That'll teach me to not have all my screens up - lesson learned.
  • #593,259
  • Feb 8, 2012 4:47pm Feb 8, 2012 4:47pm
Quoting Sandy A.
Anyone know what happened about a half hour ago (16:44 EST) with the NZD pairs?

Big spike down stopped me out and went straight bacck to where it was and then into (what would have been) profit.

Bad price feed or blatant stop run? Market tab here shows same thing.

I have an enquiry lodged with FXCM and awaiting reply.
Hello there,

I took a look to your spike to you referred to around 4:44 PM. I would really hardly ever consider that to be a spike it moved up around 30 pips and usually in our world a spike is 60 70,80 pips or more. It also could've been somebody close and a short position which would have drawn the price up and ultimately maybe even re-shorted at a higher price. But to be truthfully honest there's really no way to know, if you are short your stop loss was in the middle of a range which was not very smart. You should always have your stop loss above or below the last major support and resistance, in this case if you are short you should have your stop loss above 8410 if you are long you should have your stop loss below 8230. Sorry you got stopped out, unfortunately it happens in our world that's why the professional traders almost always put stop losses above and below major support and resistance levels so small spikes don't stop out. And also keep in mind that this time of the day is dead, there is hardly any trading whatsoever so any price action is pretty much doubled in the way it's reflected in the charts, if you have a volume indicator you should see the lowest volume of the entire day was probably when your spike happened. Word to the wise don't trade during that time frame don't trade so close to the low wait for a pullback of at least 38% to 50% and then get back in on the retracement. Hope this helps best of luck trading good luck to all.
  • #593,260
  • Feb 8, 2012 4:54pm Feb 8, 2012 4:54pm
The Greek PM is now holding talks with the Troika. Looks like we may not get any market moving headlines for another while yet.

just got this news from the feedreader via forexlive
Trade what you see not what you hope
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