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  • #716,041
  • Nov 8, 2012 7:51pm Nov 8, 2012 7:51pm
The SPX had a solid close below the TL today. Expecting stong attempts to get a weekly close above tomorrow...
Should be strong support here as well so we'll see.


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  • #716,042
  • Nov 8, 2012 7:53pm Nov 8, 2012 7:53pm
Quoting KiwiTrada
if this is eu bear mmm I have set criteria before I believe seller gain control example I have open daily zones fibs pivots etcetcetc I presently believe 2740 is line in sand for bull, and each time get a 1hr close below, is little bear tossed in, 4hr close below teenage bear toss into battle, etcetc

I do agree if bears do win thiis battle zone, possible nice pips on offer, trading 4hr and daily but im quie happy to wait clearer sign, wasw interest last night super mario blabbbering, is losing effect on market which i think is good forlittle stabler...
BoJ intervention. Ughh... Yes,

Japan wants to lower it's currency as a strong currency is bad for exports so if they were to intervene we would see the yen weaken, i.e. any Yen-based pair such as... EURJPY or GBPJPY will see a spike upward.
Even the worst trade can close with profit. Just give it time.
  • #716,043
  • Nov 8, 2012 7:53pm Nov 8, 2012 7:53pm
http://www.marketwatch.com/investing...countrycode=IT

http://www.marketwatch.com/investing...countrycode=ES

Just so you can follow the interest rates in Spain and Italy in the following weeks. If the IMF and ECB can't agree to write off the Greek bonds which they know they need to do to make the debt more sustainable (or maybe there's another solution), there might be delay after delay which may cause people to panic.

The thing I find strange is now Spain may wait until it hits over 7% to even consider asking for help. Then Merkel has the embarassment of having to ask the parliament for more money.
  • #716,044
  • Nov 8, 2012 7:56pm Nov 8, 2012 7:56pm
Does anyone know if there is any economic events occuring in the next 12 hours that aren't listed on ForexFactory's calendar?
Even the worst trade can close with profit. Just give it time.
  • #716,045
  • Nov 8, 2012 8:01pm Nov 8, 2012 8:01pm
Have you ever checked this site out?

http://www.forexpeacearmy.com/public...broker_reviews

When I first got started 6 years ago I referred to this site for a while.

GL
  • #716,046
  • Nov 8, 2012 8:04pm Nov 8, 2012 8:04pm
I've used FXCM, GFT, TradeStation Securities, and IBFX. I'm currently using IBFX and overall happy with them for now.

GL

Quoting disegnosys
Have you ever checked this site out?

http://www.forexpeacearmy.com/public...broker_reviews

When I first got started 6 years ago I referred to this site for a while.

GL
  • #716,047
  • Nov 8, 2012 8:09pm Nov 8, 2012 8:09pm
Quoting John Gray
Does anyone know if there is any economic events occuring in the next 12 hours that aren't listed on ForexFactory's calendar?
That's a good question. Sometimes I find news reported in the Eurozone Crisis Live section of The Guardian I don't even find on the economic calendar here. Here's today's Eurocrisis Live...

http://www.guardian.co.uk/business/b...-central-banks

On the topic of brokers, I don't know of any other broker that will allow you to trade with 0.1 micro lots like FX Open. I've used them for several years. They use Metatrader4 which is alrigtht with me. If you deposit let's say $100 and the bank wire is $30, then you'll have $70 in your account. I once took an $18 loss in six months of practicing with 0.1 micro lots. This means that if I was trading with
1 micro lot, my loss would have been $180
1 mini lot, my loss would have been $1800
1 standard lot, my loss would have been $18 000.

I've traded literaly several hundred times in the last few years with FX Open using 0.1 micro lots. In reality, I keep on thinking I'm on the verge of becoming profitable. Now I think I might really be on my way. In any case, the platform is pretty stable. I want to mention though that FX Open only transfers your money to the same place you transfered the money. So, I think bank wire is the most sensible way.
  • #716,048
  • Nov 8, 2012 8:23pm Nov 8, 2012 8:23pm
Quoting John Gray
BoJ intervention. Ughh... Yes,

Japan wants to lower it's currency as a strong currency is bad for exports so if they were to intervene we would see the yen weaken, i.e. any Yen-based pair such as... EURJPY or GBPJPY will see a spike upward.
Yes Yes, I caught 1 intervention just after SNB intervention, which I also caught thanks to PTL & Gator, but BOJ have been passive intervening for over 6 months now, fades were / are tradeable, and agree she been @ thse lows since 2008 crash,
Interest tho, many wary us cliff, euro bog, snb flooretc etc but Japan and China are big players too especially eu au an kiwi, they have huge influence
Yes Yen is way too high and yes noda has been trying hard to depreciate, is double edged sword for trader, many many have been trying to position long, and are correct doing this, but I a kiwi i do things different, I wait for strong sell signals and sell her, this is difficult, but yeild is worth effort.
This is the kicker, Japan is in real real strife, agreed they are producer, exporter economy, high yen is killing them, and other side of sword is they have aging population, ratio with youth / workers is getting more skewed each day, effectively a high cost social dependant nation, I have read where govt is almost out of cash, possible empty by end of Nov mid December, their last roll of dice was other day they approve 5 trillion?? ontop of yodas huge purse to effectively devalue the yen, so if and when yen does explode, yen prs will be huge skyrockets massive

I watch and sometime trade geppy, she called the "Beast" and rightly so, but time is close when she will be the mother of all beast
If you are new to Forex? Say Goodbye to your account!!
  • #716,049
  • Nov 8, 2012 8:30pm Nov 8, 2012 8:30pm
Quoting d4amenace
My trading is just fine thank you very much. I want vouchers because I post here good ideas. You are mixing apples and oranges. Just because I am a forex trader does not mean I don't have other interests! I don't mix money and pleasure like some of you do. I want vouchers because it gives me credibility on this site and with fellow users, and it has NOTHING TO DO WITH TRADING except for the fact that people say "Hey he has pretty good ideas let's let everyone else know".

I still pursue and want vouchers. I am allowed to have other interests....
Hahahaha! You want vouchers because you think it gives you more credibility? There are people here who have given vouchers to other people for reasons that were more gay than Richard Simmons ass! Besides, I'll never fully enjoy this site since they won't allow me to change my username.
  • #716,050
  • Nov 8, 2012 8:32pm Nov 8, 2012 8:32pm
Alright, analysts of this thread, I've got a question for you.

When do you believe the pair will break 2715?
Not all sins are created equal
  • #716,051
  • Nov 8, 2012 8:42pm Nov 8, 2012 8:42pm
Quoting Jay Walker
Alright, analysts of this thread, I've got a question for you.

When do you believe the pair will break 2715?
Tomorrow or monday? If asia takes it up london or NY often takes it down, We never know fridays though
  • #716,052
  • Nov 8, 2012 8:42pm Nov 8, 2012 8:42pm
Quoting Jay Walker
Alright, analysts of this thread, I've got a question for you.

When do you believe the pair will break 2715?
when we all give up hope
Mohan
  • #716,053
  • Nov 8, 2012 8:48pm Nov 8, 2012 8:48pm
Quoting mohan76
when we all give up hope
my sub 2740 baby bear got squashed like a bug, as posted, bull know importance of level and defending strongly will check reaction swissy 9448
If you are new to Forex? Say Goodbye to your account!!
  • #716,054
  • Nov 8, 2012 8:48pm Nov 8, 2012 8:48pm
If this ups to 1.2785ish, will enter a sell stop at 1.2770 TP 1.2720 SL 1.2810.
  • #716,055
  • Nov 8, 2012 8:54pm Nov 8, 2012 8:54pm
Quoting Celente
Can anyone tell me whats the OMT ??
There is an expression in French: "Promesse de putin". It means a prostitute's promise. The OMT is Mario Draghi's prostitute promise (false promise) that he will help countries in need. In reality, he said it would only occur if a country asked for help and that they'd have to accept conditions. Now, people have speculated that these conditions are probably more austerity measures. This means Mario Draghi doesn't have to fear a country will ask for help because he knows these countries don't want more austerity. So, it's a play on words to reassure investors while really lying to everyone. It really means the Eurozone is clueless what to do with themselves. Spain even said they won't ask for help unless these "conditions" are detailed outright.

I seriously wonder what they're going to do in the following weeks. After an uptrend and a consolidation phase, we had a downside breakout both in the Euro and the S&P 500. Now, the S&P is going down even on good news. I have the sense another storm is brewing.
  • #716,056
  • Nov 8, 2012 9:02pm Nov 8, 2012 9:02pm
I said it this morning. Watch 2773. That will make it long back up to the top, or at least a good way into it.
  • #716,057
  • Nov 8, 2012 9:03pm Nov 8, 2012 9:03pm
Quoting Jay Walker
Alright, analysts of this thread, I've got a question for you.

When do you believe the pair will break 2715?
As you know the hottest buzzwords for the next month will be '' Fiscal Cliff ''. On the other side of the Atlantic it has been ''Sovereign Debt''. People are getting bored with the never ending euro soap opera. In this kind of crazy race to the bottom, the focus will turn increasingly toward the Dollar until the problem is solved. Conclusion it might just not get there and it might carry on ranging for a while. What do you think?
  • #716,058
  • Nov 8, 2012 9:05pm Nov 8, 2012 9:05pm
Quoting Typhoan
What do you think?
I'm trying not to think. That served me well over time. And even if I did, how's that going to help me with my intraday trading?
  • #716,059
  • Nov 8, 2012 9:06pm Nov 8, 2012 9:06pm
Quoting KiwiTrada
my sub 2740 baby bear got squashed like a bug, as posted, bull know importance of level and defending strongly will check reaction swissy 9448

make or break for all ladies bears, for asia anyway
If you are new to Forex? Say Goodbye to your account!!
  • #716,060
  • Nov 8, 2012 9:08pm Nov 8, 2012 9:08pm
@ 1.2735 i am already tempted to go long , yesterday daily candle stops at 200SMA

BUT I AM ON CURFEW BECAUSE OF SOME TRADING PRINCIPLES I VIOLATED LAST WEEK.........((((
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