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  • #674,761
  • Aug 3, 2012 12:02am Aug 3, 2012 12:02am
Quoting mrluckystar
bulish divergence on daily chart....

long @ 1.2175, sl 1.1975

any comment are welcome.

peace...
What's your tp? I've been long since 1.2142 and moved my sl @ BE + 3, with a tp @ 1.2268. Time to hit the sack. Good night and GL
Time turns trend. - W.D. Gann
  • #674,762
  • Aug 3, 2012 12:04am Aug 3, 2012 12:04am
[quote=sdcasper;5899280]
Quoting KillerWhale
Stops

as an example, where would you place this stop.
Depends what trade you are in LOL
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  • #674,763
  • Aug 3, 2012 12:08am Aug 3, 2012 12:08am
http://2.bp.blogspot.com/-9ZV7sxcOMr...m_03_08_12.png
  • #674,764
  • Aug 3, 2012 12:12am Aug 3, 2012 12:12am
Quoting mrluckystar
bulish divergence on daily chart....

long @ 1.2175, sl 1.1975

any comment are welcome.

peace...
Well, here is my comment, in a bearish market you are long with a 200 pip sl.
The bullish divergence starting June 1st has already played out.
What are you expecting as a target?
I would not even use a sl of 200 when I was trading a microlot.

I have a long @ 1.2175 too, my sl is 1.2160. I hope we will get a little bit upside but only to get a better short entry. My target is 1.2220 and maybe that is still too high.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #674,765
  • Aug 3, 2012 12:14am Aug 3, 2012 12:14am
Daily candle was massive , anyone sees test of 1.2041 again today ?
Anyway i have a selling position @ 1.2175
  • #674,766
  • Aug 3, 2012 12:20am Aug 3, 2012 12:20am
Quoting mrluckystar
bulish divergence on daily chart....

long @ 1.2175, sl 1.1975

any comment are welcome.

peace...
Another reason why I would NEVER use a sl of 200 pips is that when it goes down anywhere close to your sl. we will have passed several support levels.

They will become resistance on the way up.
So that can take a lot of days or may not happen in weeks.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #674,767
  • Aug 3, 2012 12:22am Aug 3, 2012 12:22am
Quoting roreki
Daily candle was massive , anyone sees test of 1.2041 again today ?
Anyway i have a selling position @ 1.2175
I hope I get a higher short, but given time you'll probably on profit this or next week
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  • #674,768
  • Aug 3, 2012 12:24am Aug 3, 2012 12:24am
Ya, I'm bored and just scalped 5 pips long out of this range for .25%. Flat again.


Quoting KillerWhale
Well, here is my comment, in a bearish market you are long with a 200 pip sl.
The bullish divergence starting June 1st has already played out.
What are you expecting as a target?
I would not even use a sl of 200 when I was trading a microlot.

I have a long @ 1.2175 too, my sl is 1.2160. I hope we will get a little bit upside but only to get a better short entry. My target is 1.2220 and maybe that is still too high.
  • #674,769
  • Aug 3, 2012 12:24am Aug 3, 2012 12:24am
Quoting KillerWhale
Maybe Dragshit's wife has a forex account in Switzerland
Actually it went up when first they announced no rate cut because people thought they were going do bond purchases for sure. Then when Draghi was speaking it spiked to 1.24 when Draghi said "EUR is irreversible" and "ECB may undertake outright open market operations".

But then he said "up to governments to give ESM banking license", "present design does not allow ESM to get a banking license", "will act within mandate". And it dropped back to prespike levels, then he started repeating himself, going around in circles and the market realised no new programs was been announced. Then it just TANKED. Lol.
  • #674,770
  • Aug 3, 2012 12:25am Aug 3, 2012 12:25am
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  • #674,771
  • Aug 3, 2012 12:29am Aug 3, 2012 12:29am
Non Farm Payroll .....Whats Your Take Guys How Many pips Movement Can be There +/- 40 +/-100 +/- '∞' !! Any Comments !!!
  • #674,772
  • Aug 3, 2012 12:34am Aug 3, 2012 12:34am
Quoting Iro
Actually it went up when first they announced no rate cut because people thought they were going do bond purchases for sure. Then when Draghi was speaking it spiked to 1.24 when Draghi said "EUR is irreversible" and "ECB may undertake outright open market operations".

But then he said "up to governments to give ESM banking license", "present design does not allow ESM to get a banking license", "will act within mandate". And it dropped back to prespike levels, then he started repeating himself, going around in circles and the market...
Yes and then something strange happened, we were pulling back from the low and then another sell-off to 1.2132, according to several sources due to the glitch in NY market which caused over $400 M in losses withing an hour

The strange part is that I already read about that glitch 30 minutes before the market reacted.

So I can conclude one thing from that, the market does it's thing, and later people start trying to find reasons for what the market did.
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  • #674,773
  • Aug 3, 2012 12:35am Aug 3, 2012 12:35am
To me it's all BS with yesterday's move, FOMC rescently, and other moves lately are just big money reposition for the next big move. Look at the higher TFs of range and expansion. Just trapping and taking out the weak.



Quoting Iro
Actually it went up when first they announced no rate cut because people thought they were going do bond purchases for sure. Then when Draghi was speaking it spiked to 1.24 when Draghi said "EUR is irreversible" and "ECB may undertake outright open market operations".

But then he said "up to governments to give ESM banking license", "present design does not allow ESM to get a banking license", "will act within mandate". And it dropped back to prespike levels, then he started repeating himself, going around in circles and the market...
  • #674,774
  • Aug 3, 2012 12:37am Aug 3, 2012 12:37am
Quoting Iro
Actually it went up when first they announced no rate cut because people thought they were going do bond purchases for sure. Then when Draghi was speaking it spiked to 1.24 when Draghi said "EUR is irreversible" and "ECB may undertake outright open market operations".

But then he said "up to governments to give ESM banking license", "present design does not allow ESM to get a banking license", "will act within mandate". And it dropped back to prespike levels, then he started repeating himself, going around in circles and the market realised...

no sell off started before he open his mouth. as he read its boosted
Mohan
  • #674,775
  • Aug 3, 2012 12:45am Aug 3, 2012 12:45am
Makes you wonder how many longs they trapped when he started talking.


Quoting mohan76
no sell off started before he open his mouth. as he read its boosted
  • #674,776
  • Aug 3, 2012 12:49am Aug 3, 2012 12:49am
Quoting mohan76
no sell off started before he open his mouth. as he read its boosted

super mario bull and bear feasted, bull and bear fuked

probably nfp do all over again

I notice there is not much boasting about not using stoploss,s maybe them is blown up accounts
If you are new to Forex? Say Goodbye to your account!!
  • #674,777
  • Aug 3, 2012 12:51am Aug 3, 2012 12:51am
http://online.wsj.com/article/SB1000...102645650.html

http://www.ft.com/cms/s/0/976d6a50-d...#axzz22NK9evd3
"Men who can both be right and sit tight are uncommon."
  • #674,778
  • Aug 3, 2012 12:52am Aug 3, 2012 12:52am
Quoting KillerWhale
Yes and then something strange happened, we were pulling back from the low and then another sell-off to 1.2132, according to several sources due to the glitch in NY market which caused over $400 M in losses withing an hour

The strange part is that I already read about that glitch 30 minutes before the market reacted.

So I can conclude one thing from that, the market does it's thing, and later people start trying to find reasons for what the market did.
ROBOTS
The dark deepens around Knight Capital Group and its looking for a White Knight to come to the rescue

http://www.reuters.com/article/video...eoId=236825084

The dark deepens around Knight Capital Group and its looking for a White Knight to come to the rescue. The Wall Street firm is fighting for its life after losing $440 million due to a technology glitch on Wednesday; its stock plummeting in a two-day loss totaling 75 percent. As one of the top market makers, Knight is supposed to ensure an orderly market by stepping in to buy or sell stocks to keep the market moving - but that's not what happened. Baruch Professor Bernard Donefer gives his interpretation of the mishap. SOUNDBITE: BERNARD DONEFER, PROFESSOR, BARUCH COLLEGE/CITY UNIVERSITY OF NEW YORK (ENGLISH) SAYING: "The night before the event they made a change to their infrastructure in order to interface with the New York Stock Exchange, the new system the New York Stock Exchange was putting in and they wanted to do it early and be prepared. The problem apparently occurred in that infrastructure and not in the trading models themselves, which caused them to keep repeating the same trades over and over again." About 140 stocks listed on the New York Stock Exchange were impacted, leaving Knight's credibility in shambles and its future in the dark. Some of its biggest customers are sending orders elsewhere, and the company is exploring "strategic and financing alternatives": that's code for putting itself up for sale or at worse bankruptcy. But Knight is not alone in paying the price. The chaos follows the May 2010 flash crash, and the more recent botching of the Facebook IPO, along with electronic exchange BATS; events which have eroded investor confidence. Bill Singer is a securities attorney at law firm Herskovits. SOUNDBITE: BILL SINGER, SECURITIES ATTORNEY, HERSKOVITS (ENGLISH) SAYING: "Explain to me how something like Knight could have occurred after we just went through three similar scenarios in the last two years. So we are not learning anything. We are not fixing anything and that's dangerous because at some point when you look into the abyss, the abyss looks back at you and one day Wall Street is going to blow up and we're not going to be able to put it back together." With computer-driven trading here to stay - analysts say Wall Street has to figure out quickly how to give the machines a more human touch. Conway Gittens, Reuters
  • #674,779
  • Aug 3, 2012 12:55am Aug 3, 2012 12:55am
Quoting KiwiTrada
super mario bull and bear feasted, bull and bear fuked

probably nfp do all over again

I notice there is not much boasting about not using stoploss,s maybe them is blown up accounts
Did you sorted the issues with your broker about yesterday's faulty entry with cable?
"Men who can both be right and sit tight are uncommon."
  • #674,780
  • Aug 3, 2012 12:58am Aug 3, 2012 12:58am
Quoting Jaro
ROBOTS
The dark deepens around Knight Capital Group and its looking for a White Knight to come to the rescue

http://www.reuters.com/article/video...eoId=236825084

The dark deepens around Knight Capital Group and its looking for a White Knight to come to the rescue. The Wall Street firm is fighting for its life after losing $440 million due to a technology glitch on Wednesday; its stock plummeting in a two-day loss totaling 75 percent. As...
Yes I read it, thanks
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