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  • #680,961
  • Aug 16, 2012 1:42pm Aug 16, 2012 1:42pm
Quoting Vachus
Would you like to give me a lesson in support and resistance ? what difference does it make to give some one 6 levels ( 3 S and 3 R ) for a guy who want to scalp 10 pips !

every level of those has the potential of a reverse or holding the trend in case of slow movement , which can really hurts for a beginner or a scalper
Yes please do....but please also use the +/- trading standards definitions of S and R (not just any micro level as a S and R) as I think a lot people may benefit more understanding what are proper S/R levels and areas and what are just "lines" for trading....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #680,962
  • Aug 16, 2012 1:43pm Aug 16, 2012 1:43pm
Quoting Vachus
Its a number around 600 Billions Dollar
480 billiosn, roughly 165% of GDP
  • #680,963
  • Aug 16, 2012 1:43pm Aug 16, 2012 1:43pm
Quoting Vachus
Its a number around 600 Billions Dollar
well at least someone with accurate number,now if compared that to USA whats percentage the greeks own compared to the states debt ?
Example American airlines are in debt 30billion dollars,and this is a corporation one of many,some states also have rough numbers like California and so on,but once Americans printed enough money for the time being theres nothing else to bash then pour rubbish over EU debt,which is a drop in the sea compared to what americans have to repay (infinity wouldnt even be long enough to do that.)
  • #680,964
  • Aug 16, 2012 1:46pm Aug 16, 2012 1:46pm
Too much s/r levels,i'll take my pills now...
  • #680,965
  • Aug 16, 2012 1:47pm Aug 16, 2012 1:47pm
Quoting divak
i believe the current gov will fall next year. They are too dumb.
People wanted to kick out Sarkozy coz they thought he was bad at economics, now they gonna see what i means to be bad ...
I'm baffled by people.. is there anything that govs can do to help economy, without a sovereign currency ? they can keep changing govs endlessly nothing is going to happen.
  • #680,966
  • Aug 16, 2012 1:49pm Aug 16, 2012 1:49pm
Quoting -Melo-
guys please answer to me . What the big news that drove this rally
geez dude. it's a market... it moves, really normal.
  • #680,967
  • Aug 16, 2012 1:49pm Aug 16, 2012 1:49pm
Quoting pinkiaiii
well at least someone with accurate number,now if compared that to us whats percentage the greeks own compared to the states debt ?
Sorry i had to Google the USA debt because i was not familiar with the number, the answer is : NOTHING . Greece debt accumulated in less than 10 years or since its membership in the EU only needs 200 days to be accumulated in USA as a whole. Since USA Debt increase 3.5 Billion per day , USA needs less than 6 months to accumulate all of that - if not in one month , in case of a war
"It's the Margin, Stupid."
  • #680,968
  • Aug 16, 2012 1:52pm Aug 16, 2012 1:52pm
I was expecting at least 20 pips Retrace but seems EU gonna close at top of the day, this is unexpected for me
  • #680,969
  • Aug 16, 2012 1:54pm Aug 16, 2012 1:54pm
Quoting -Melo-
guys please answer to me . What the big news that drove this rally
I suspect to this
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 23 KB
In trading, you have to be defensive and aggressive at the same time
  • #680,970
  • Aug 16, 2012 1:55pm Aug 16, 2012 1:55pm
finally break
drop to 2362 hoping more
In trading, you have to be defensive and aggressive at the same time
  • #680,971
  • Aug 16, 2012 1:58pm Aug 16, 2012 1:58pm
Quoting Davit
I suspect to this
These are yesterday's news !
  • #680,972
  • Aug 16, 2012 1:59pm Aug 16, 2012 1:59pm
Quoting Davit
finally break
drop to 2362 hoping more
Lets Watch 54
  • #680,973
  • Aug 16, 2012 2:00pm Aug 16, 2012 2:00pm
Quoting Ultimate6
geez dude. it's a market... it moves, really normal.
120 pips move is without nay reason is not normal. What is even more abnormal is that it is still moving upward, normally a rally doesn t last for a whole day, it take pause and then continue
Alternatives are more important than the plan itself
  • #680,974
  • Aug 16, 2012 2:00pm Aug 16, 2012 2:00pm
Quoting Davit
finally break
drop to 2362 hoping more
I'm short too, the real action is beginning tomorrow with german ppi
  • #680,975
  • Aug 16, 2012 2:03pm Aug 16, 2012 2:03pm
Quoting -Melo-
120 pips move is without nay reason is not normal. What is even more abnormal is that it is still moving upward, normally a rally doesn t last for a whole day, it take pause and then continue
Its the normal now... either you can evolve or get eaten. The moves are there and some players are makin shit loads off of retailers trapping them again and again. The gig is almost up.
  • #680,976
  • Aug 16, 2012 2:06pm Aug 16, 2012 2:06pm
Quoting Vachus
Fellow comrade, right now we are in the break mode - either the price break to 1.24XX and beyond or it breaks 1.22XX and down we go till 1.20 ! So, we are waiting for this move to be done ! We are caught in range of uncertainty between 1.22410 and 1.24000 that the price seems like doesn't want to leave it without deciding first should the Euro go up or down.

Today , the range got narrowed a little bit between 1.22590 and 1.22850.

So, if you can't read the charts anymore or you have no idea what to do , take Comrade Attile advice :

"Draw three...
Thank you very much for these numbers . But I have a question here , what is the accuracy on them ?
  • #680,977
  • Aug 16, 2012 2:09pm Aug 16, 2012 2:09pm
Quoting -Melo-
120 pips move is without nay reason is not normal. What is even more abnormal is that it is still moving upward, normally a rally doesn t last for a whole day, it take pause and then continue
Not really.
  • #680,978
  • Aug 16, 2012 2:10pm Aug 16, 2012 2:10pm
Quoting sidhujag
Its the normal now... either you can evolve or get eaten. The moves are there and some players are makin shit loads off of retailers trapping them again and again. The gig is almost up.
Looks like you, z, and some other dude were the only ones caught this nice. LOL

I got screwed on this one too.
  • #680,979
  • Aug 16, 2012 2:13pm Aug 16, 2012 2:13pm
Quoting -Melo-
120 pips move is without nay reason is not normal. What is even more abnormal is that it is still moving upward, normally a rally doesn t last for a whole day, it take pause and then continue
average daily range for past 20 days is 118 pips a day. I've seen 200 pips up and 200 pips down on one day, that is not common.
  • #680,980
  • Aug 16, 2012 2:16pm Aug 16, 2012 2:16pm
Quoting MisterSpread
Thank you very much for these numbers . But I have a question here , what is the accuracy on them ?
They are very accurate , but it could get violated in the face of a movement Up or down. For example, the down movement that happened yesterday was supposed to stop at 1.22670 /650 , it magically pentrated and went all the way to 1.22550 and it seems to may ATM that could reach out to 1.22410 and take it too.

The first , middle and last number are major ones - which if you are looking for a retracement should be around them. But with a thin market and rise of uncertianity , these are the most accurate ones till right now ... If you noticed right now how the up movement were caught between 550 and 650 and it managed to break and merely touched 750 and came back again to the same area.

However, you should assign your trade goal accordingly , if you want to scalp 5 pips , is a complete different story when you scalp 50 .. and sometimes people make a tons load of money from this 5 pips
"It's the Margin, Stupid."
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