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  • #641,861
  • May 9, 2012 6:41pm May 9, 2012 6:41pm
Quoting Resent
towards*
not literally dude obv i didnt mean 900 points off 1 set of data... u need 2 calm down ^^
Dno about 1.2 but 1.27 is def possible EUR is being supported if it dives it gets bought up... If retailers get long (which is hard to believe) then it may get there.
  • #641,862
  • May 9, 2012 6:46pm May 9, 2012 6:46pm
GBP just got bought?
  • #641,863
  • May 9, 2012 6:52pm May 9, 2012 6:52pm
Quoting sidhujag
GBP just got bought?
it's been bought across the majors and crosses..insane... when it will loose steam
  • #641,864
  • May 9, 2012 6:54pm May 9, 2012 6:54pm
gbp/chf hit 1.5 it is breaking resistances
  • #641,865
  • May 9, 2012 6:58pm May 9, 2012 6:58pm
good morning ,

looks another bear day , did Europeans decided on Greek today's payout ?
Mohan
  • #641,866
  • May 9, 2012 6:59pm May 9, 2012 6:59pm
I had great fun with EG in the last few minutes. I saw it dive to 0.80 and managed to get in a long @ 0.8005. 10 big pips in 10 minutes
New voice message: Why are you calling me? If I need you, I'll call you!
  • #641,867
  • May 9, 2012 7:30pm May 9, 2012 7:30pm
What I would like to know is that if the ECB does not and will not print money.... Where does all the money come from for the LTRO's and now for Spain...no we don't need a bailout....no our banks are fine....we don't need any money.....and now the news today......so where from the money?
I don't trust any move - when you have profit...take it.
  • #641,868
  • May 9, 2012 7:33pm May 9, 2012 7:33pm
Quoting KillerWhale
I had great fun with EG in the last few minutes. I saw it dive to 0.80 and managed to get in a long @ 0.8005. 10 big pips in 10 minutes
nice. been on my watch list but waiting for bigger capitulation event
  • #641,869
  • May 9, 2012 7:34pm May 9, 2012 7:34pm
Quoting Faller
What I would like to know is that if the ECB does not and will not print money.... Where does all the money come from for the LTRO's and now for Spain...no we don't need a bailout....no our banks are fine....we don't need any money.....and now the news today......so where from the money?
It's very easy, banks can borrow money from ECB at VERY LOW interest and then buy bail-out bonds with VERY HIGH interest.
Way to go, you can't go wrong
New voice message: Why are you calling me? If I need you, I'll call you!
  • #641,870
  • May 9, 2012 7:35pm May 9, 2012 7:35pm
Quoting KillerWhale
It's very easy, banks can borrow money from ECB at VERY LOW interest and then buy bail-out bonds with VERY HIGH interest.
Way to go, you can't go wrong
Just like a hugely profitable carry trade
New voice message: Why are you calling me? If I need you, I'll call you!
  • #641,871
  • May 9, 2012 7:39pm May 9, 2012 7:39pm
Quoting KillerWhale
Just like a hugely profitable carry trade

But it is my understanding that the ECB will not and does not want to print money....I guess they are printing....or did they just have a stash of cash sitting somewhere.....

And WTF with Spain.....they have said in the past that there is not enough money to bail out Spain.......looks like they are starting to crash...
I don't trust any move - when you have profit...take it.
  • #641,872
  • May 9, 2012 7:41pm May 9, 2012 7:41pm
Quoting sidhujag
nice. been on my watch list but waiting for bigger capitulation event
what happen to your gold , looks lost stream , my pending order expired
Mohan
  • #641,873
  • May 9, 2012 7:52pm May 9, 2012 7:52pm
Quoting mohan76
what happen to your gold , looks lost stream , my pending order expired
I wish I could trade gold, but I can only do it @ 1>1 leverage
New voice message: Why are you calling me? If I need you, I'll call you!
  • #641,874
  • May 9, 2012 7:55pm May 9, 2012 7:55pm
Quoting KillerWhale
I wish I could trade gold, but I can only do it @ 1>1 leverage
wish it could be as easy as going to TJ and opening an account
  • #641,875
  • May 9, 2012 7:55pm May 9, 2012 7:55pm
Quoting KillerWhale
I wish I could trade gold, but I can only do it @ 1>1 leverage
usually i don't trade hold , if it come around 1520 ~ 50 thinking about buying for long time , why don't you open one account under your mother name for gold trading, when one door close one door open
Mohan
  • #641,876
  • May 9, 2012 8:06pm May 9, 2012 8:06pm
Waiting for high sell

Attached Image (click to enlarge)
Click to Enlarge Name: donat.jpg Size: 72 KB

R1. 1.2949 for Sell
R2. 1.2985 for Sell again...
Waiting with my doughnut... (Rendering With Blender)...
  • #641,877
  • May 9, 2012 8:08pm May 9, 2012 8:08pm
Hi traders,

Looks like a divergence has formed on 4 hour chart on eur usd and aud usd on the MACD and RSI.

Price may go up for some time?

Comments welcome.

thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdmaydivergence.jpg Size: 296 KB
  • #641,878
  • May 9, 2012 8:12pm May 9, 2012 8:12pm
Quoting forexnubie
Hi traders,

Looks like a divergence has formed on 4 hour chart on eur usd and aud usd on the MACD and RSI.

Price may go up for some time?

Comments welcome.

thanks
rsi and force index yes there is but MACD there is not divergence at least at my chart
Nothing is True Everything is Permitted
  • #641,879
  • Edited 8:47pm May 9, 2012 8:23pm | Edited 8:47pm
Hi everyone,

Young and new trader here from the east coast and very glad to be a part of this community. I wanted to share my first pin bar trade (a market order actually, that has yet to become activated) and receive some criticism. I'm trading on a practice account.

I was looking at the 1-day TF and saw the down trend that has been going on for the past 10 days or so then noticed a bullish bar (shown in the first pic attached) so I then I looked at the 4-hour TF to get a closer look at what was going on.

I saw what I perceived as a solid pin bar (shown in the second pic attached) and thought it was a good indicator that price was about to go up for a change, so I added fib into the equation to help get an idea of where to place a buy order. I placed it around the .236% mark, at 1.2963 to be exact, which isn't at the .236% mark but pretty close to it.

Does this look like a smart move? Or am I just an idiot guessing and trading against the trend? I've read that when playing pin bars it's a good idea to place orders around the .236% mark when a pin bar is apparent, so that's what I did. And as a newb, I placed my SL 23 pips below the buy order price (I really don't have any logical reasoning for this).

So what do you think? I apologize for the long post, but as a new member I'm unable to start a new thread.

Thanks!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd-1.jpg Size: 50 KB
Click to Enlarge Name: eurusd-2.jpg Size: 74 KB
  • #641,880
  • May 9, 2012 8:26pm May 9, 2012 8:26pm
Quoting Oxilixo
....been a bit quieter here since Cloggie left.

If anyone of you is interested in his insights (fundamental or tech), go to http://cloggiefx.blogspot.co.uk/

Cloggies posts always have a great value for me and my trading.

take care,
Oxi
Luck has no place in trading. Leave that for the poker table.
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