An opportunity lost is not a capital cost.
- #31,202
- May 17, 2012 1:32pm May 17, 2012 1:32pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
At the risk of sounding incredibility stupid, how are you defining a 'short covering rally'? Thanks in advance for taking the time to reply.
So, at the risk of giving you a false answer
Just kiddingRight now:
1. The E/U is heavily net short
2. The pair is oversold
3. Tomorrow is Friday
4. On Fridays, traders like to take some profits to reduce the risk related to surprise news on the weekends.
5. A short cover is defined as "Taking profits on your shorts" = "Covering your shorts"
6. When you cover a short trade, it is exactly like buying.
7. Buying causes the price to go up.
Those who say it cannot be done should not interrupt those who are doing it
- #31,203
- May 17, 2012 1:32pm May 17, 2012 1:32pm
- | Commercial User | Joined Apr 2012 | 1,121 Posts
also just so everyone can see the exhaustion nailed it AGAIN.
this weekend ill be posting the mq4 when i find time
this weekend ill be posting the mq4 when i find time
An opportunity lost is not a capital cost.
- #31,205
- May 17, 2012 1:36pm May 17, 2012 1:36pm
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
It is called Bloomberg Professional. It is the same software that banks and other institutional traders and investors use.
Just visit this site here ---> http://www.bloomberg.com/professional/software_support/
Then contact a rep and they will set you up with a demo activation code and also give you a demonstration at your home or office.
Well, the good product sells itself.
If that really was so good, they'd love to give you 30days money back guarantee.
You don't need to bind yr client with 2year contract.
I took trial period of one of those "holy grail forex soft"
My goodness, they rang me once a week, emailed me screenshots but didn't allow me to try demo.
You had to pay between $5000-$8000 and then you were able to try...
That's my 5cent...
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Read Charts - Not Papers
- #31,206
- May 17, 2012 1:36pm May 17, 2012 1:36pm
- | Commercial User | Joined Apr 2012 | 1,121 Posts
An opportunity lost is not a capital cost.
- #31,207
- May 17, 2012 1:36pm May 17, 2012 1:36pm
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
as long as we're stroking each others egos.. I got 27302, +16
- #31,208
- May 17, 2012 1:37pm May 17, 2012 1:37pm
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
also just so everyone can see the exhaustion nailed it AGAIN.
this weekend ill be posting the mq4 when i find time
- #31,209
- May 17, 2012 1:41pm May 17, 2012 1:41pm
- | Commercial User | Joined Apr 2012 | 1,121 Posts
What are those line? Exhaustion levels? VWAP?
I'm not sure exactly
It's not my algorithm. I know they are calculated based off the 34 EMA but other than that I don't know much about it I did not code the algorithm. But I will ask and get back to you when/if I find out. If you see on the chart it says F+1, F+2, F-1, F-2, (on the top left corner) those are the exhaustion levels.
An opportunity lost is not a capital cost.
- #31,210
- May 17, 2012 1:42pm May 17, 2012 1:42pm
- | Commercial User | Joined Apr 2012 | 1,121 Posts
No ego here. Just happy when we can bank some pips against the dark side!
It can be hard sometimes not to have an ego but it's the name of the game. The moment you have one, you are done for in Forex (IMO)Confidence is needed, not ego though
An opportunity lost is not a capital cost.
- #31,211
- May 17, 2012 1:43pm May 17, 2012 1:43pm
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
I'm not sure exactly
I did not code the algorithm. But I will ask and get back to you when/if I find out. If you see on the chart it says F+1, F+2, F-1, F-2, (on the top left corner) those are the exhaustion levels.
- #31,212
- Edited 2:50pm May 17, 2012 1:48pm | Edited 2:50pm
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
[quote=PipTrapper;5677645]A bit off topic.
So just in case you are all wondering where I was this afternoon, I'll tell you.
I had a meeting with the Bloomberg rep. Nice chap. Very helpful.
The software is amazing and today I learned many new things I can do with it. My demo account has been extended until the end of June to give me time to try all the new features I discovered today.
Now here is the shocker... The cost is US$1975 per month.
so PT every year ur going to start $23,700 down.
.say PT if ur making 2% every month then 24% every year.for this type of performance i will sell my soul to devil.
and i wont be spending my money on any software.
add~ that 2.37% on million dollar account.
So just in case you are all wondering where I was this afternoon, I'll tell you.
I had a meeting with the Bloomberg rep. Nice chap. Very helpful.
The software is amazing and today I learned many new things I can do with it. My demo account has been extended until the end of June to give me time to try all the new features I discovered today.
Now here is the shocker... The cost is US$1975 per month.
so PT every year ur going to start $23,700 down.
.say PT if ur making 2% every month then 24% every year.for this type of performance i will sell my soul to devil. and i wont be spending my money on any software.add~ that 2.37% on million dollar account.
Allah has permitted trade and has forbidden interest [koran]
- #31,213
- May 17, 2012 1:51pm May 17, 2012 1:51pm
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
[quote=drzakir123;5677743]
Looks like you just did.
A bit off topic.
for this type of performance i will sell my soul to devil.
Looks like you just did.
- #31,214
- May 17, 2012 1:53pm May 17, 2012 1:53pm
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
- #31,215
- May 17, 2012 1:53pm May 17, 2012 1:53pm
A bit off topic.
So just in case you are all wondering where I was this afternoon, I'll tell you.
I had a meeting with the Bloomberg rep. Nice chap. Very helpful.
The software is amazing and today I learned many new things I can do with it. My demo account has been extended until the end of June to give me time to try all the new features I discovered today.
Now here is the shocker... The cost is US$1975 per month. Frankly I'm not surprised. I think it's worth it. However, whether or not it is worth it for me is yet to be seen. If this...
that said, i've always believed data is invaluable, as long as it's well organized
i suppose it really has to fit into your style of trading. which aspect of the program benefits you best? would you be paying so you have first access to data before anyone else (figures eventually trickle out through news) or is it data that is never public?
- #31,216
- May 17, 2012 1:57pm May 17, 2012 1:57pm
- | Commercial User | Joined Apr 2012 | 1,121 Posts
An opportunity lost is not a capital cost.
- #31,217
- May 17, 2012 1:59pm May 17, 2012 1:59pm
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
- #31,220
- May 17, 2012 2:21pm May 17, 2012 2:21pm
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
Allah has permitted trade and has forbidden interest [koran]