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  • #720,881
  • Nov 22, 2012 8:14am Nov 22, 2012 8:14am
Good post vlady

The point about 'having to go there' is very valid, fibo's can give a pointer and provide a useful frame of reference. But people shouldn't use the phrase 'the price has to go there'
  • #720,882
  • Nov 22, 2012 8:15am Nov 22, 2012 8:15am
Volume is pretty low today. Having said that, EU almost reached +0.5% today. I would fancy a little retrace now.
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  • #720,883
  • Nov 22, 2012 8:16am Nov 22, 2012 8:16am
Quoting gatorinla
yep.. there is no way to know.. who is doing what.. a short on exit is a buy. and vice verse. one way that some brokers use is retail interest verse institutional. the retail are more likely to be on the wrong side.
yes
much tendency to sell in the first movement bull ... losses can happen more often than follow the trend ...

the retail are more likely to be on the wrong side.[/quote]
  • #720,884
  • Nov 22, 2012 8:17am Nov 22, 2012 8:17am
just luv the way the single currency played its roll.
forexpillariscipline & patience Trader
  • #720,885
  • Nov 22, 2012 8:20am Nov 22, 2012 8:20am
Quoting 21vs7
go on a bikeee

sl at 2912
+16
  • #720,886
  • Nov 22, 2012 8:21am Nov 22, 2012 8:21am
Quoting vlady1974
12PM Hourly Low 1.28736 needs to be taken out if this is gonna retrace.
Here now. This will be interesting. Bounce or drop?
If drop, I want 1.28275
A pip is only worth it if you know how much you risked to earn it
  • #720,887
  • Nov 22, 2012 8:22am Nov 22, 2012 8:22am
been online for 2 minutes and caught that little breakout. Out +10 from 80. Nice start to the morning
  • #720,888
  • Nov 22, 2012 8:23am Nov 22, 2012 8:23am
Quoting gatorinla
i got a question.. when someone sells, who buys?
traders against traders.

e.g. EU = EJ/UJ

1.2886 = 106.44/82.60 (current prices)

so any buying or selling of JPY indirectly affects all other currencies. with the ECN technology, computers automatically generate the bid and ask prices - VIA ALGORITHMS

so technically, EU should be 100% correlated with AU, which is AU = AJ/UJ

but correlation decreases when someone else buys or sells AU either in a smaller or larger quantity vs EU or JPY pairs.

is there a possibility that the computers can go wrong? unfortunately yes. in fact in 2010, 9% of the US stock market disappeared in 5 minutes (called the flash crash of 2:45) (http://www.ted.com/talks/kevin_slavi...our_world.html)

no one has been held accountable to it and no one will ever be. so that's money lost forever in the electronic world.

can it happen again? - hell yes!

note that when prices move even if THERE ARE NO REAL ORDERS GETTING FILLED. if BOJ calls to check prices, even though there is no real money being exchanged or booked, the prices move
  • #720,889
  • Nov 22, 2012 8:23am Nov 22, 2012 8:23am
Quoting 21vs7
+16
i got in at 1.2888 , gl , moved SL to be
  • #720,890
  • Nov 22, 2012 8:23am Nov 22, 2012 8:23am
What happen ???
  • #720,891
  • Nov 22, 2012 8:27am Nov 22, 2012 8:27am
Quoting gatorinla
just making a point... buyers and sellers are =.. if u hear someone pushing this point beware.
usually someone is just repeating something heard and learned. like some of our ancestors said and repeated. "like the world is flat"...
(sellers of Eur=buyer of USD)=true
(sellers of Eur=buyers of Eur)=false
difference between sellers and buyers of Eur or USD= demand or supply
  • #720,892
  • Nov 22, 2012 8:29am Nov 22, 2012 8:29am
my SL might be hit, oh well fuck it..
  • #720,893
  • Nov 22, 2012 8:31am Nov 22, 2012 8:31am
Quoting 21vs7
+16
I am holding for more
  • #720,894
  • Nov 22, 2012 8:32am Nov 22, 2012 8:32am
Quoting 3in1coffee
Volume is pretty low today. Having said that, EU almost reached +0.5% today. I would fancy a little retrace now.
yeah, but look at the individual mark-up-candles, which now have to be defeated on profit-taking on smaller timeframes.
  • #720,895
  • Nov 22, 2012 8:32am Nov 22, 2012 8:32am
Quoting DudeSepii
What happen ???
what goes up must come down
  • #720,896
  • Nov 22, 2012 8:32am Nov 22, 2012 8:32am
Quoting MaxDoom
I am holding for more
looking at 1.2860 or a spike for exit
  • #720,897
  • Nov 22, 2012 8:33am Nov 22, 2012 8:33am
Quoting MaxDoom
I am holding for more
Did you mention something about 5% lol
Price = the amount a greater fool is willing to pay!
  • #720,898
  • Nov 22, 2012 8:36am Nov 22, 2012 8:36am
Quoting tankokjian
looking at 1.2860 or a spike for exit
I see 60 44 33 as next key points if it is to keep moving south at present
  • #720,899
  • Nov 22, 2012 8:36am Nov 22, 2012 8:36am
Quoting MaxDoom
I am holding for more
yes, ussualy when i cover they let it go

but that was fine for me..need one more like that and ill eliminate yesterdays red day

next for me is foood!

drown her
  • #720,900
  • Nov 22, 2012 8:37am Nov 22, 2012 8:37am
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