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  • #675,561
  • Aug 5, 2012 7:31pm Aug 5, 2012 7:31pm
Just a personal note on the FX market.

What happens on the market is not necessarily "correct". I have had the opportunity to meet some HF/Fund managers for my work, and i can sincerely tell you that i wouldn't have given 1 single dollar to some of them as their strategy/explanations were just rubbish.

Now I see that some of them may be moving the market for some groundless reasons, but in the end they will be hurt.
As an example, the 2008 crisis showed us that Long/Short managers were rather long than shorts.... as you can see from their performance numbers.

Such a disappointment to see so many useless guys like that. Not that many brilliant people out there too.
  • #675,562
  • Aug 5, 2012 7:33pm Aug 5, 2012 7:33pm
Quoting divak
Just a personal note on the FX market.

What happens on the market is not necessarily "correct". I have had the opportunity to meet some HF/Fund managers for my work, and i can sincerely tell you that i wouldn't have given 1 single dollar to some of them as their strategy/explanations were just rubbish.
.
i don't know my friend , my theory market always correct, our projection and predictions could go wrong
Mohan
  • #675,563
  • Aug 5, 2012 7:35pm Aug 5, 2012 7:35pm
Quoting mohan76
i don't know my friend , my theory market always correct, our projection and predictions could go wrong
When u get hurt, it doesnt mean the big players dont get hurt too.
Atomistic market concept means that no one is able to move in on its own... except Ben and Mario
  • #675,564
  • Aug 5, 2012 7:38pm Aug 5, 2012 7:38pm
Quoting divak
When u get hurt, it doesnt mean the big players dont get hurt too.
Atomistic market concept means that no one is able to move in on its own... except Ben and Mario
+ any big Central Bank
New voice message: Why are you calling me? If I need you, I'll call you!
  • #675,565
  • Aug 5, 2012 7:41pm Aug 5, 2012 7:41pm
Quoting tomspin
Greed, fear and uncertainty is coded in candles, all fundamental news are represented on our charts by candles - shadows show us hesitation and full bodies mesure buyer's/seller's commitment in the market. I respect all kind of trading and I don't say that only one method is right, that's just silly. Could you describe shortly the way you determine your entry & exit???

Almost exclusively by fibo levels, trendlines, figs (plus whatever has been working lately for a given pair, eg: pivot levels S2,S1,DP,... or major lows and highs). Beyond that it's a sense of what the mkt's doing and intuition. Then it's a crap shoot: fold as soon as you know your wrong. ALWAYS FOLD as soon as you know you're wrong not when your SL is hit.

There is one mysterious thing I have never understood about candles: given that it is relatively inexpensive for a market maker to "paint" candles to their liking (you just whack the price for a second to set all 4 parameters - open, high,low and close - it's a little more expensive to do the open and close bits because they have to be done at just the right time), I am not surprised that you see patterns in the raw price that are synchronized with the universal clock (all candles begin on the hour or its multiples and sub-multiples). Are experienced candle traders always looking at waves in the raw price to choose their candle period? and if they are, don't they feel manipulated?
  • #675,566
  • Aug 5, 2012 7:41pm Aug 5, 2012 7:41pm
I have some bullish divergence on the 5 second chart
New voice message: Why are you calling me? If I need you, I'll call you!
  • #675,567
  • Aug 5, 2012 7:44pm Aug 5, 2012 7:44pm
Quoting KillerWhale
I have some bullish divergence on the 5 second chart
Yeah.. overall this month is still the same.. its bullish till 1.30s but we need that fibo 61.8 retracement level before any spike upwards

I'm looking at around 1.2170s or even 1.2230s
  • #675,568
  • Aug 5, 2012 7:46pm Aug 5, 2012 7:46pm
Quoting fearlessnut
I'm looking at around 1.2170s or even 1.2230s
by end of the week?
  • #675,569
  • Aug 5, 2012 7:48pm Aug 5, 2012 7:48pm
lol, big bump, now everyone is sleeping...
gosh
  • #675,570
  • Aug 5, 2012 7:54pm Aug 5, 2012 7:54pm
Quoting divak
lol, big bump, now everyone is sleeping...
gosh

it's 10:53 am here
Mohan
  • #675,571
  • Aug 5, 2012 7:55pm Aug 5, 2012 7:55pm
Aug 6, 2012 12:31am (22 min ago)
divak
Member

Member Since Jun 2012
219 Posts

Just a personal note on the FX market.

What happens on the market is not necessarily "correct". I have had the opportunity to meet some HF/Fund managers for my work, and i can sincerely tell you that i wouldn't have given 1 single dollar to some of them as their strategy/explanations were just rubbish.

Now I see that some of them may be moving the market for some groundless reasons, but in the end they will be hurt.
As an example, the 2008 crisis showed us that Long/Short managers were rather long than shorts.... as you can see from their performance numbers.

Such a disappointment to see so many useless guys like that. Not that many brilliant people out there too.

Probably the most true words spoken on FF....
  • #675,572
  • Aug 5, 2012 7:56pm Aug 5, 2012 7:56pm
Quoting mohan76
it's 10:53 am here
im 2h less.
u r in Sydney?

EDIT : Melbourne, saw ur profile
  • #675,573
  • Aug 5, 2012 7:57pm Aug 5, 2012 7:57pm
We just had a 2 pip BREAKOUT
New voice message: Why are you calling me? If I need you, I'll call you!
  • #675,574
  • Aug 5, 2012 7:58pm Aug 5, 2012 7:58pm
Quoting timeandprice
Aug 6, 2012 12:31am (22 min ago)
divak
Member

Member Since Jun 2012
219 Posts

Just a personal note on the FX market.

What happens on the market is not necessarily "correct". I have had the opportunity to meet some HF/Fund managers for my work, and i can sincerely tell you that i wouldn't have given 1 single dollar to some of them as their strategy/explanations were just rubbish.

Now I see that some of them may be moving the market for some groundless reasons, but in the end they will be hurt.
As an example, the 2008 crisis...
What do you mean? I don't pretend to know anything, i was just sharing my personal experience. Some of the people we see as "the market that cant be wrong" can be pretty rubbish...

I had a colleague back in a US bank who used to describe economists and analysts as the "white canes"...... referring to blind people... desperately trying to find their way...
It's so true when u see the same guy on TV saying black on monday, and white on tuesday
  • #675,575
  • Aug 5, 2012 7:58pm Aug 5, 2012 7:58pm
Quoting KillerWhale
We just had a 2 pip BREAKOUT
indeed. now the EURUSD is looking beautiful.
  • #675,576
  • Aug 5, 2012 7:59pm Aug 5, 2012 7:59pm
Quoting RWalker
Almost exclusively by fibo levels, trendlines, figs (plus whatever has been working lately for a given pair, eg: pivot levels S2,S1,DP,... or major lows and highs). Beyond that it's a sense of what the mkt's doing and intuition. Then it's a crap shoot: fold as soon as you know your wrong. ALWAYS FOLD as soon as you know you're wrong not when your SL is hit.

There is one mysterious thing I have never understood about candles: given that it is relatively inexpensive for a market maker to "paint" candles to their liking (you just whack the price...
I use higher time frames to determine direction and go as low as M1 to hit that entry,
No idea what that bolded part mean, I use candle to determine my entry - nothing else, I don't know how to do it in a different way, I don't have to - it is simple and effective so why try harder?
Fibo is great for retracement in a trending pair, pivots - love them last week fireworks went from one to the other and price usually stick to them pretty nicely.
Have to run it is late and I want to see what London will do with 2460 - pivot btw I am planning to sell it right there for retracement I will try to buy around 2320 for 2620
Good night
swing it!
  • #675,577
  • Aug 5, 2012 7:59pm Aug 5, 2012 7:59pm
and I am agreeing with you, totally.
  • #675,578
  • Aug 5, 2012 8:02pm Aug 5, 2012 8:02pm
lol

look at that shit falling from the ceiling...
disgusting, 50pips out of nowhere
  • #675,579
  • Aug 5, 2012 8:03pm Aug 5, 2012 8:03pm
Quoting timeandprice
and I am agreeing with you, totally.
  • #675,580
  • Aug 5, 2012 8:05pm Aug 5, 2012 8:05pm
that was fast. my TP of 2392 has already been reached.
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