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EURUSD

  • #657,241
  • Jun 14, 2012 4:30pm Jun 14, 2012 4:30pm
Quoting quidproquo
what you say is true except for this....what business does this pair have trading above 1.2600 at this very moment in time? Ask yourself that question....this market is presently (and has for the last week or two) defied any rational explanation.....again enjoy the "gentleman's gamble"
markets are not rational.

they are all about what the other guy is willing to pay for what you got.

simple supply and demand

nothing else
  • #657,242
  • Jun 14, 2012 4:31pm Jun 14, 2012 4:31pm
Quoting quidproquo
what you say is true except for this....what business does this pair have trading above 1.2600 at this very moment in time? Ask yourself that question....this market is presently (and has for the last week or two) defied any rational explanation.....again enjoy the "gentleman's gamble"
quid, it happens to every trader who has been in the markets for a while. You have gone through a realization...learn from it. Its really just part of maturing into a profitable trader.

First you start out thinking its all level and upright. You take it all seriously and truely believe that the market is true. But when you are doing this you are investing emotions into the market like you would into a wife. Emotions have no place here. Once you make the realization the markets are a farce you become much more emotionally distant and keep a healthy distance.

Just take for what it is...a way to earn money..nothing more
  • #657,243
  • Jun 14, 2012 4:40pm Jun 14, 2012 4:40pm
Quoting fx_Drew2
quid, it happens to every trader who has been in the markets for a while. You have gone through a realization...learn from it. Its really just part of maturing into a profitable trader.

First you start out thinking its all level and upright. You take it all seriously and truely believe that the market is true. But when you are doing this you are investing emotions into the market like you would into a wife. Emotions have no place here. Once you make the realization the markets are a farce you become much more emotionally distant and keep a healthy...
Good post and I hear you (I really do)...Nevertheless what I said, I believe, remains standing in that the ONLY material (i.e. important or market moving) market participants purchasing the EURO at this time are bought and paid for...hence....the market is not a "true market." Again it is a benign fraud
  • #657,244
  • Jun 14, 2012 4:43pm Jun 14, 2012 4:43pm
Quoting quidproquo
Good post and I hear you (I really do)...Nevertheless what I said, I believe, remains standing in that the ONLY material (i.e. important or market moving) market participants purchasing the EURO at this time are bought and paid for...hence....the market is not a "true market." Again it is a benign fraud
That doesn't mean it's a gamble...

It's a fraud, but a logical one
Forex rewards patience.
  • #657,245
  • Jun 14, 2012 4:49pm Jun 14, 2012 4:49pm
Is euro correlation with gold is positive?im new btw..sorry if this is a stupid question..
  • #657,246
  • Jun 14, 2012 4:50pm Jun 14, 2012 4:50pm
Quoting zuntrader
hi
agree with U
The market was bullish, turned bearish, and you'are brokish!!!
  • #657,247
  • Jun 14, 2012 4:51pm Jun 14, 2012 4:51pm
Quoting todstars2
have you heard the expression "buy the rumor, sell the news"

thats all this move up is. Rumor buying ahead of the greek elections fueled by hope that "the calvary" will arrive at the last minute and save the day.
dont agree
The market was bullish, turned bearish, and you'are brokish!!!
  • #657,248
  • Edited 5:20pm Jun 14, 2012 4:52pm | Edited 5:20pm
Quoting Fosman
Guys, what do you think of if I would do following:
Open buy and sell on 2 accounts, having enough margin for 50 pips everywhere, if some 200-300pips gap would happen, I would have gained 200-300 pips on one account and lose 50 pips on other. Is it possible or would spread kill me over weekend?
In my opinion this could work if two conditions are meet - first to have SL Guaranteed and second to have a gap biger then minimum SLG
  • #657,249
  • Jun 14, 2012 4:58pm Jun 14, 2012 4:58pm
Quoting Kaizen FX
Is euro correlation with gold is positive?im new btw..sorry if this is a stupid question..
compares the weekly charts and soon strip your findings. of gold and the euro
  • #657,250
  • Jun 14, 2012 4:59pm Jun 14, 2012 4:59pm
Quoting FXThug
dont agree
rumor says just before the ny market close today that Central Banks will come to the rescue with liquidity.

sounds like hope the calvary is coming to rescue.

http://www.cnbc.com/id/47818706

when it doesnt, traders sell the news
  • #657,251
  • Jun 14, 2012 5:00pm Jun 14, 2012 5:00pm
my scenario..lok at diverganes....
Attached Image (click to enlarge)
Click to Enlarge Name: renko12.gif Size: 32 KB
The market was bullish, turned bearish, and you'are brokish!!!
  • #657,252
  • Jun 14, 2012 5:05pm Jun 14, 2012 5:05pm
I don't think it's gonna hit even 1.2660 on London session. It's just another sell game.
Forex rewards patience.
  • #657,253
  • Jun 14, 2012 5:05pm Jun 14, 2012 5:05pm
Quoting gabone
In my opinion this could work if two conditions are meet - first to have SL Guaranted and second to have a gap biger then minimumSLG
That wont work.

If a GAP occurs, the SL is gonna hit in the FIRST place that it can, jumping your SL and straight into the 200-300 pip gap. Whatīs probably going to happen is:

Your SL will hit the 200-300 pip, and your other account with winning position wonīt close (cause you donīt have a TP) and you will probably win less than you lose if thereīs a rebound.
  • #657,254
  • Jun 14, 2012 5:14pm Jun 14, 2012 5:14pm
Quoting daltman
That wont work.

If a GAP occurs, the SL is gonna hit in the FIRST place that it can, jumping your SL and straight into the 200-300 pip gap. Whatīs probably going to happen is:

Your SL will hit the 200-300 pip, and your other account with winning position wonīt close (cause you donīt have a TP) and you will probably win less than you lose if thereīs a rebound.
I speaking about a SL guaranteed that means even the gap will be 200-300 pips your SL will be executed at the level of your order (50 pips less) and not the open price of the market
  • #657,255
  • Jun 14, 2012 5:15pm Jun 14, 2012 5:15pm
Quoting daltman
That wont work.

If a GAP occurs, the SL is gonna hit in the FIRST place that it can, jumping your SL and straight into the 200-300 pip gap. Whatīs probably going to happen is:

Your SL will hit the 200-300 pip, and your other account with winning position wonīt close (cause you donīt have a TP) and you will probably win less than you lose if thereīs a rebound.
No, with Gaurenteed SL, you will close out at that price, regardless of the gap. You pay extra spread up front for it though
Not on the rug!
  • #657,256
  • Jun 14, 2012 5:16pm Jun 14, 2012 5:16pm
What are your expectations if :
Pro-bailout party wins? (still keeping austerity measures & stays in EuroZone)
Anti-austerity party wins? (no more austerity, but want to stay in EuroZone, but how?



I'm bit puzzled about what to do with my positions... i'm short at the moment but fear an 300bp upside jump...
  • #657,257
  • Jun 14, 2012 5:21pm Jun 14, 2012 5:21pm
good night all
tomorrow is another day
good week for me so far need to hold on to it now
big bad friday
Trade What You See Not What You Want To See
  • #657,258
  • Jun 14, 2012 5:32pm Jun 14, 2012 5:32pm
my D1 chart and analysis: #9779
  • #657,259
  • Jun 14, 2012 5:41pm Jun 14, 2012 5:41pm
Quoting PooOnTheRug
No, with Gaurenteed SL, you will close out at that price, regardless of the gap. You pay extra spread up front for it though
Well, seems like you guys didnt understand me.

For example:
500usd account, 1loto SELL
500usd account, 1loto BUY

lets say there will be 300 sell gap on Monday.

I would lose 500usd buy account, but get 300 pips on sell acc, sorry if im wrong, im new to this.
  • #657,260
  • Jun 14, 2012 5:48pm Jun 14, 2012 5:48pm
Quoting kuroro001
I really doubt big boys wait for a twitter news....no one cares of bs news from "twatter"!

I've got all twitter shits on ignore.
Big Boys know the news before someone can type the letter I on twitter
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