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  • #638,321
  • May 2, 2012 10:53am May 2, 2012 10:53am
Quoting Chicky
Samdani Bhai,

I like your guy. Its lovely.

Thanks for sharing your creativity and giving us smiles.
Thanks ( Sada khush Raho ) If you guys keep liking it. I will keep creating it.

Love you all .
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #638,322
  • May 2, 2012 10:54am May 2, 2012 10:54am
Quoting Chicky
Samdani Bhai,

I like your guy. Its lovely.

Thanks for sharing your creativity and giving us smiles.
If there was easy money lying around,no one would be forcing it into your
  • #638,323
  • May 2, 2012 10:54am May 2, 2012 10:54am
Quoting megajester
Maybe his MM is so good he doesnt need a SL just a thought
Without a SL there is no MM. He's lost 400k in a few months there's the evidence.
  • #638,324
  • May 2, 2012 10:55am May 2, 2012 10:55am
wow!! Look at that!! all levels i suggested BUYS from if they could hold all slashed in pieces..

i didnt miss a lot.. or did i??

She now lies on a rubberband.. volatility should throw her up to 3183 @ least...

as it stands good buys from bottom SUPPORT LEVEL of my Murrey Math indi 3123 should hit 3183.. cable should make it to 6220.. lets see..

okay now time to laugh

  • #638,325
  • May 2, 2012 10:56am May 2, 2012 10:56am
Quoting samdani786
Thanks ( Sada khush Raho ) If you guys keep liking it. I will keep creating it.

Love you all .
Sure,love it sir samdani...may all the God and Angels bless you and family..this is absolutelly good karma
If there was easy money lying around,no one would be forcing it into your
  • #638,326
  • May 2, 2012 10:57am May 2, 2012 10:57am
Quoting Saintpeter
That is already answered a few posts ago... and is is written on my signature. Just do the math and voilá!

Saint
hey U need to cut loses faster...
The market was bullish, turned bearish, and you'are brokish!!!
  • #638,327
  • May 2, 2012 10:58am May 2, 2012 10:58am
Quoting stevexyg
Without a SL there is no MM. He's lost 400k in a few months there's the evidence.
Sorry you must be right
  • #638,328
  • May 2, 2012 10:59am May 2, 2012 10:59am
Quoting stevexyg
Without a SL there is no MM. He's lost 400k in a few months there's the evidence.
You are totally wrong... if you have enough balance to handle a huge movement, to handle a great hedging chess, to handle profits and cuts at same time then you dont need a SL at all..

SL means feeding the leeches! SL = sucking leech

Saint
  • #638,329
  • May 2, 2012 10:59am May 2, 2012 10:59am
Quoting Fudomyo
The Fed is trying to cool inflation. That's why they positioned Lacker and Lockhart's statements of no QE prior to the soft ADP print. The QE trade undermines USD risk off investment, so they don't want the bottom to come off which could tip off hyperinflation, and if the USD is too strong deflation could spiral out of control as well, so the QE on/off dance is keeping price in the current range.

I'd expect them to start putting it back on the table when we're closer to the top again.
that is a reasonable logical statement.

0.2% MoM PCE Index
so inflation expectations remain calm

A strong dollar will begin to contract exports as well so the PMI was positive for April but this sort of re enforces my view that a strong dollar is not something the FED wants at this point.

dancing between cooling inflation and economic contraction.

basically we are not expecting a plummeting of the Euro as many would like.
AVT INVENIAM VIAM AVT FACIAM
  • #638,330
  • May 2, 2012 11:00am May 2, 2012 11:00am
Quoting jayjb
If you look at euro's manufacturing and compare it against US's

Yes, QE3 is something of relevant possibility but you should consider that the fact that USD is the world's biggest reserves fund, most of the world trade in USD than in EURO. Transactions at one point of time would be USD hence the biggest liquidity in it.

Taking that into view, I'm sorry but as much as I have a long position on EU, I don't see EU as the stronger economy, my long term forecast is bearish for this pair.

In my 1 year experience, I've learnt that BAD US news...
well said
  • #638,331
  • May 2, 2012 11:00am May 2, 2012 11:00am
Quoting stevexyg
Without a SL there is no MM. He's lost 400k in a few months there's the evidence.
You should have more careful with the things you are writing, like "he lost"... better to have a good read on my posts and you will figure why!

Saint
  • #638,332
  • May 2, 2012 11:00am May 2, 2012 11:00am
Quoting mohan76
nah it was HDA who push eu down to recover is short
thats exactly what i think its him and his army lol
  • #638,333
  • May 2, 2012 11:01am May 2, 2012 11:01am
Quoting jayjb
... you should consider that the fact that USD is the world's biggest reserves fund, most of the world trade in USD than in EURO. Transactions at one point of time would be USD hence the biggest liquidity in it.
Everything you wrote is sound, but we must not forget that China & Japan do not trade in USD anymore, all bric countries advocate for another world reserve currency. I had a similar chat with Killerwale the other day and he said he is not worried about next generation problems.It is our generation problem imo EU is in a mess but lets not forget what printing money has done to Germans, and to my country for example in 90's after Soviet Union collapse. All I am trying to say do not be so bearish about euro.
swing it!
  • #638,334
  • May 2, 2012 11:02am May 2, 2012 11:02am
Quoting FXThug
hey U need to cut loses faster...
which ones?

Saint
  • #638,335
  • May 2, 2012 11:03am May 2, 2012 11:03am
Quoting FXMindset
Sure,love it sir samdani...may all the God and Angels bless you and family..this is absolutelly good karma

Attached Image (click to enlarge)
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #638,336
  • May 2, 2012 11:04am May 2, 2012 11:04am
Quoting the redlion
I realize that but Risk off is not just a given.

Risk off means, the market will flock to the safest perceived asset, that in itself creates inefficiencies.


a couple of weeks ago or a month approximately it was a given that interest rates would be raised in the US as the economy gained traction....now it is not looking as though this is the case anymore.

USD being the most important currency in the world, it is the USD that prices the markets. So given The FED's philosophy and actions in the past.... what is the most probable outcome?

what...
Jesse Livermore believe that you should buy the strongest and sell the weakest.

Lesser jobs may have been added, way below expectations BUT yesterday we saw a growth in the manufacturing numbers resulting in a major rally especially in DOW.

Compare this data against EURO.

Hmm, Europe's BIGGEST economy saw a growth in UNEMPLOYMENT. Italy's unemployment rate grew although it is negligible. EU is standing close to 11% in unemployment rate compared against US's 8.x%.

Then we saw EURO plunge about 80pips yesterday, why? Maybe because 2 of Europe's biggest economy's manufacturing shrunk along with the rest of Europe.

If you were a investor faced with these, are you still gonna dump money into Euro with it's myriad of problems or safe haven currencies?

The FED's PAST action may suggest further easing resulting in more USD weakness, but note that past action is not indicative of the future and we still have NFP coming up which could potentially seal the fate of EURO.
  • #638,337
  • May 2, 2012 11:04am May 2, 2012 11:04am
Quoting megajester
Sorry you must be right
He's not right... you just need to compare the type of orders being posted before i took the account and, if you really understand about trading you will see that there is no pattern or something similiar about those... and i just trade EUR/USD... that's it!

Saint
  • #638,338
  • May 2, 2012 11:05am May 2, 2012 11:05am
Quoting samdani786
OK then . This is for you

.
i just love your charts...
  • #638,339
  • May 2, 2012 11:06am May 2, 2012 11:06am
Quoting megajester
Sorry you must be right
Just my point of view. I'm not saying I'm 'right'. Just expressing what I believe.

A lot of newbies on here shouldn't get the idea trading without a stop loss is a good idea or could be seen as part of a sensible MM strategy.

60% account drawdown is where you end up not using stops unless you are extremely experienced and have an exit strategy that you follow without fail. But there's always the possibility that price may come back so you hold on. 3days later you get a margin call. What's the point?
  • #638,340
  • May 2, 2012 11:06am May 2, 2012 11:06am
Rumours of possible ECB intervention have weakened Euro today also ... I think.
(Some talk on CNBC). Didn't quite catch it.
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