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  • #634,061
  • Apr 26, 2012 6:34am Apr 26, 2012 6:34am
Quoting stevexyg
hey I'm getting better at this. maybe i'll start a signal service.


Ask ratface how to go about getting noobies interested, he is well versed scamming them here.

You may have to put up a pic of a girlie to get some of the 18 year olds with raging hormones to part with their cash here.
  • #634,062
  • Apr 26, 2012 6:34am Apr 26, 2012 6:34am
Quoting cloggie
u are right...there is vacuum
  • #634,063
  • Apr 26, 2012 6:36am Apr 26, 2012 6:36am
Quoting cloggie

You may have to put up a pic of a girlie to get some of the 18 year olds with raging hormones to part with their cash here.


I couldn't take their Saturday-job money away from them - or could I mmmmm
  • #634,064
  • Apr 26, 2012 6:36am Apr 26, 2012 6:36am
Quoting cloggie
ratface
man I love this thread
Tracking the Specialists.
  • #634,065
  • Apr 26, 2012 6:37am Apr 26, 2012 6:37am
Spot:

The FOMC message left markets without new direction and after trying the 1.3170 support area on NY close, the EURUS started ticking up towards 1.3210-20s area.

The ticking continued, as EUR/USD ran through smaller 1.3250 barriers as returning European dealers extended the post-FOMC rise. Stops hunters boosted the spot to a 1.32635 high before profit-taking and quality sales limited the upside. With quality and quantity both seen above EUR/USD struggled above the 1.3250 expiry level and trading soon slipped back below the strikes and short-term accounts followed longer-term sellers, with the pair slipping back into the low-1.3200s.

On the trading side, we remain inclined to fade rallies 1.3260/70 stop loss above 1.3325 first target 1.3000.

On the JPY side, all eyes remain on tonight’s BoJ, unlikely to take significant additional easing steps. Anyway, we remain inclined to buy any dips to 80.30/40s, stop loss 79.70 and first target 82.20.


Swaps:

Very quiet session in Europe, with forward curves totally unchanged. Bernanke confirmed yesterday that further Federal Reserve stimulus is unlikely unless the economy unexpectedly deteriorates after the good recent figures in the labor and housing market. On the other hand, the economic confidence in the euro region declined more than economists had forecasted in April, as the region’s slump showed signs of deepening. Given the current environment we would start to position ourselves buying usd all across the curve versus euros as the gap between the two economies is only becoming bigger.

EURUSD 12M: 49.3 USDJPY 12M: -49 USDCAD 12M: 107.50 AUDUSD 12M: -347
  • #634,066
  • Apr 26, 2012 6:39am Apr 26, 2012 6:39am
Why are there so many people watching here?
Something going on?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #634,067
  • Apr 26, 2012 6:40am Apr 26, 2012 6:40am
Quoting KillerWhale
Why are there so many people watching here?
Something going on?
Oh I see, home sales
New voice message: Why are you calling me? If I need you, I'll call you!
  • #634,068
  • Apr 26, 2012 6:40am Apr 26, 2012 6:40am
Quoting cloggie
Some did better then me here today, I am spending too much time posting and away from my desk, a measly 78 pips.

Let's see if I can squeeze a bit more out of the last 2 hours here.

Am kinda looking forward to making my scalping strategy my main strategy here later in the year.
I'm amazed the way you trade cloggie obviously very successful but - I guess you don't hold trades for a long time - as soon as they cross back over your a price level you look to get out?
  • #634,069
  • Apr 26, 2012 6:40am Apr 26, 2012 6:40am
Quoting stevexyg
now price hits resistance at bottom of range and dax looking to have little bounce so could be a little scalp upwards or even hold to 3223 here on exit of range.


followed by

  • #634,070
  • Apr 26, 2012 6:41am Apr 26, 2012 6:41am
Quoting goldenmember
I'm amazed the way you trade cloggie obviously very successful but - I guess you don't hold trades for a long time - as soon as they cross back over your a price level you look to get out?

I wished I could hold them longer, the market is just not cooperating. We need a 140 pip day so I can get a few 50-80 pippers, we haven't seen any of them in the last week. This fecker has been turning on a dime so many times a day, I am getting seasick. I had one 300 pip day last week, this week I am averaging about 150. Earlier in the week I was still averaging 5-6 20 pippers a day, that hasn't happened today, it is just not out there, she is all over the place.


The problem is that the price levels are so compressed right now and we get a lot of ranging and fakeouts. At times I do close them a bit too quick, but I can always get back in again, which I do.
  • #634,071
  • Apr 26, 2012 6:46am Apr 26, 2012 6:46am
Quoting cloggie
I wished I could hold them longer, the market is just not cooperating. We need a 140 pip day so I can get a few 50-80 pippers, we haven't seen any of them in the last week. This fecker has been turning on a dime so many times a day, I am getting seasick.
lol. Are you operating on a 1 pip fixed spread from your broker or something other?
  • #634,072
  • Apr 26, 2012 6:47am Apr 26, 2012 6:47am
Quoting cloggie
I wished I could hold them longer, the market is just not cooperating. We need a 140 pip day so I can get a few 50-80 pippers, we haven't seen any of them in the last week. This fecker has been turning on a dime so many times a day, I am getting seasick. I had one 300 pip day last week, this week I am averaging about 150.
I'm impressed with the way you manage to find the turning point though. I remember your 300 club on myfxbook that you posted a while ago so i know you do it. How do you manage to work out whether something will be a runner or will turn on a dime? 5 min closes, 10min closes, 15 min closes or something more ethearal (sp)?
  • #634,073
  • Apr 26, 2012 6:47am Apr 26, 2012 6:47am
Quoting stevexyg
lol. Are you operating on a 1 pip fixed spread from your broker or something other?

Nah, not this account, this one is smaller then my main account, I get roughly 1-2 pips, including commission.
  • #634,074
  • Apr 26, 2012 6:47am Apr 26, 2012 6:47am
listen carefully,i expect home sales to make the pull, safe to take out any existing shorts or longs, better still pending orders. waiting for data in next 16mins
  • #634,075
  • Apr 26, 2012 6:48am Apr 26, 2012 6:48am
Quoting goldenmember
I'm impressed with the way you manage to find the turning point though. I remember your 300 club on myfxbook that you posted a while ago so i know you do it. How do you manage to work out whether something will be a runner or will turn on a dime? 5 min closes, 10min closes, 15 min closes or something more ethearal (sp)?

I watch everything all the way down to a tick chart.
  • #634,076
  • Apr 26, 2012 6:48am Apr 26, 2012 6:48am
Quoting Itrade24h
Spot:

The FOMC message left markets without new direction and after trying the 1.3170 support area on NY close, the EURUS started ticking up towards 1.3210-20s area.

The ticking continued, as EUR/USD ran through smaller 1.3250 barriers as returning European dealers extended the post-FOMC rise. Stops hunters boosted the spot to a 1.32635 high before profit-taking and quality sales limited the upside. With quality and quantity both seen above EUR/USD struggled above the 1.3250 expiry level and trading soon slipped back below the strikes and...
So what are you saying put a short on now aiming at 1.30 and go to sleep for the next month. Most of the people here are day trading.
Over thinking over analyzing separates the body from the mind.
  • #634,077
  • Apr 26, 2012 6:48am Apr 26, 2012 6:48am
Quoting cloggie
I wished I could hold them longer, the market is just not cooperating. We need a 140 pip day so I can get a few 50-80 pippers, we haven't seen any of them in the last week. This fecker has been turning on a dime so many times a day, I am getting seasick. I had one 300 pip day last week, this week I am averaging about 150. Earlier in the week I was still averaging 5-6 20 pippers a day, that hasn't happened today, it is just not out there, she is all over the place.
I hope for a nice move up today night but ... I just see it up ..(might be wrong as usual)TP at 23375... I hear u laugh now but I would prefere 3220 - 3230 range now
  • #634,078
  • Apr 26, 2012 6:49am Apr 26, 2012 6:49am
Quoting dryclean
Cloggie
What is ES?
It comes after BS
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #634,079
  • Apr 26, 2012 6:49am Apr 26, 2012 6:49am
Quoting 3stepsahead
. Most of the people here are day trading.

As they should be, most of the big boys gave up on position trading too, the market just isn't there right now.
  • #634,080
  • Apr 26, 2012 6:52am Apr 26, 2012 6:52am
Quoting cloggie
Some did better then me here today, I am spending too much time posting and away from my desk, a measly 78 pips.

Let's see if I can squeeze a bit more out of the last 2 hours here.

Am kinda looking forward to making my scalping strategy my main strategy here later in the year.
awe inspiring as per usual, what also amazes me your also scalping with a avg of 2.6 spread as it looks like ts2 most are usually desperate for 0.1 spread on here
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