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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #38,781
  • Jun 21, 2012 7:00am Jun 21, 2012 7:00am
Quoting ERedRick
So these are all potential new orders. Got it - thnx!
Yes they are all potential new orders, however key word is potential.

For example:

A Buy Stop could be a new Buy order above market price but it could also be a Sell stop loss

A Buy Limit could be a new Buy order below market price but it could also be a Sell Take Profit.

A Sell Stop could be a new Sell order below market price but it could also be a Buy stop loss

A Sell Limit could be a new Sell order above market price but it could also be a Buy Take Profit.
Those who say it cannot be done should not interrupt those who are doing it
  • #38,782
  • Jun 21, 2012 7:02am Jun 21, 2012 7:02am
Quoting forex_growth
..
nothing in forex is right nor wrong, nor is there real right or wrong in the universe.. just ones subjective meaning or interpretation to an objective event..
Y. Thats why you need to study chaos and not time management. When there is no such thing as truth, you can not prepare for it.

T
"I know one thing, that I know nothing." Sokrates
  • #38,783
  • Jun 21, 2012 7:03am Jun 21, 2012 7:03am
Very strange action lately
An opportunity lost is not a capital cost.
  • #38,784
  • Jun 21, 2012 7:05am Jun 21, 2012 7:05am
Quoting PipTrapper
Yes they are all potential new orders, however key word is potential.

For example:

A Buy Stop could be a new Buy order above market price but it could also be a Sell stop loss
So the takeaway is the impact of the order on supply/demand in market regardless of purpose to the individual trader?
  • #38,785
  • Jun 21, 2012 7:05am Jun 21, 2012 7:05am
Quoting BFSGcapital
Very strange action lately
sky news twitter

https://twitter.com/SkyNewsBreak/sta...71897474973698
“Don't cry because it's over, smile because it happened.”
  • #38,786
  • Jun 21, 2012 7:05am Jun 21, 2012 7:05am
Quoting BFSGcapital
Very strange action lately
Market is still hung over from all that hopium yesterday. The FOMC statement was a game changer for the markets. Volatility (although now somewhat diminished) will continue to haunt the market for today and tomorrow. Monday we turn a new page and most likely continue on the down trend... but that's just biased speculation.
Those who say it cannot be done should not interrupt those who are doing it
  • #38,787
  • Jun 21, 2012 7:06am Jun 21, 2012 7:06am
Quoting ERedRick
So the takeaway is the impact of the order on supply/demand in market regardless of purpose to the individual trader?
Bingo!!!
Those who say it cannot be done should not interrupt those who are doing it
  • #38,788
  • Jun 21, 2012 7:07am Jun 21, 2012 7:07am
Quoting FXSwissTrader
Wouldn't surprise me one bit.
Maybe FED & ECB?!
  • #38,789
  • Jun 21, 2012 7:08am Jun 21, 2012 7:08am
Quoting PipTrapper
Bingo!!!
The Patient Bear is also a Patient Teacher - thnx again!
  • #38,790
  • Jun 21, 2012 7:08am Jun 21, 2012 7:08am
its why Ghandi said there is no real truth - as truth for him was something that is and never was a constant - its ever evolving so how could it ever truly exist as a true entity per se..

Quoting Tom_D_Trader
Y. Thats why you need to study chaos and not time management. When there is no such thing as truth, you can not prepare for it.

T
"Millionaires don't use astrology, billionaires do"
  • #38,791
  • Jun 21, 2012 7:09am Jun 21, 2012 7:09am
Quoting ERedRick
Maybe FED & ECB?!
Ha Ha Ha.. Good one. Very funny indeed. If only it was possible, the Fed and ECB would already be at junk status.
Those who say it cannot be done should not interrupt those who are doing it
  • #38,792
  • Jun 21, 2012 7:14am Jun 21, 2012 7:14am
Been patiently sitting on the sidelines in the chance it hit 1.28 once again but I see h&s on h4... Why does Alpari and Oanda charts differ so much?
  • #38,793
  • Jun 21, 2012 7:14am Jun 21, 2012 7:14am
http://3.bp.blogspot.com/-sIeJdqnPCg...0/FED_dees.jpg


Quoting PipTrapper
Ha Ha Ha.. Good one. Very funny indeed. If only it was possible, the Fed and ECB would already be at junk status.
"Millionaires don't use astrology, billionaires do"
  • #38,794
  • Jun 21, 2012 7:15am Jun 21, 2012 7:15am
Quoting Unknownpips
... Why does Alpari and Oanda charts differ so much?
Coz Alpari are Russian thieves .

Well, seriously, they are simply connected to different liquidity provider. For Oanda it is JPmorgan, for Alpari it will be some major European bank I think.

T
"I know one thing, that I know nothing." Sokrates
  • #38,795
  • Jun 21, 2012 7:21am Jun 21, 2012 7:21am
Quoting PipTrapper
Yes they are all potential new orders, however key word is potential.

For example:

A Buy Stop could be a new Buy order above market price but it could also be a Sell stop loss

A Buy Limit could be a new Buy order below market price but it could also be a Sell Take Profit.

A Sell Stop could be a new Sell order below market price but it could also be a Buy stop loss

A Sell Limit could be a new Sell order above market price but it could also be a Buy Take Profit.
To add on abit further, seldom people will place a new Buy Order that is above market price, hence, a buy stop is often or most likely a Sell Stop loss.

Similaryly, seldom people will place a new Sell Order that is below market price, hence, a Sell stop is often or most likely a Buy Stop Loss.

Correct me if i am wrong
  • #38,796
  • Jun 21, 2012 7:21am Jun 21, 2012 7:21am
News coming in 9 min, intraday traders becareful
CAD Core Retail Sales m/m
US Unemployment Claims
  • #38,797
  • Jun 21, 2012 7:23am Jun 21, 2012 7:23am
Quoting Unknownpips
Been patiently sitting on the sidelines in the chance it hit 1.28 once again but I see h&s on h4... Why does Alpari and Oanda charts differ so much?
H4 and daily candles differ between different brokers because of the time zone differences. Think about it. If tow brokers are 2 hours apart in their server time zones, then one broker's H4 candle will close 2 hours before the other one.
Those who say it cannot be done should not interrupt those who are doing it
  • #38,798
  • Jun 21, 2012 7:25am Jun 21, 2012 7:25am
Quoting ProfitsOnly
To add on abit further, seldom people will place a new Buy Order that is above market price, hence, a buy stop is often or most likely a Sell Stop loss.

Similaryly, seldom people will place a new Sell Order that is below market price, hence, a Sell stop is often or most likely a Buy Stop Loss.

Correct me if i am wrong
You very clearly underestimate the lemmings in this business
Those who say it cannot be done should not interrupt those who are doing it
  • #38,799
  • Jun 21, 2012 7:25am Jun 21, 2012 7:25am
Quoting PipTrapper
The most significant benefit of using a premium service such as Bloomberg or Reuters is not the news snippets, but rather the analytics which allow you to better forecast what is more likely before the news even hits the wire. Once the news is released, you're late for the party.

PT, May I know how is the news feed speed of Bloomberg compared to FF? As I know FF usually released it 10-15 seconds after the scheduled time. I wonder will Bloomberg be faster than it before we even see significant reaction on the price?
  • #38,800
  • Jun 21, 2012 7:27am Jun 21, 2012 7:27am
Quoting PipTrapper
H4 and daily candles differ between different brokers because of the time zone differences... .
Well setting of timezone is the first thing one should do before looking at H4 chart. I know you have London. I have NY. Imo one should set timezone according to the session, when he is most active.
"I know one thing, that I know nothing." Sokrates
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