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  • #726,641
  • Dec 3, 2012 1:17pm Dec 3, 2012 1:17pm
Quoting MaxDoom
we should have a counter against the username to show how many people have them on iggy

might be more relevant than these voucher things

still waiting for the catalogue to see what I can get for them
That is for sure... I have members who has 4-5V s on the iggy as well...

What catalogue...??? What did I miss???
  • #726,642
  • Dec 3, 2012 1:17pm Dec 3, 2012 1:17pm
Quoting MaxDoom
we should have a counter against the username to show how many people have them on iggy

might be more relevant than these voucher things

still waiting for the catalogue to see what I can get for them
what's pissing me off actually, is how FF is set up.. The iggy should also go the other way.. If I have somebody there, they should not be able to see my posts either. Kind of like blocking someone on twitter. But that would imply people should have an account and log in before they can see the forum.
  • #726,643
  • Dec 3, 2012 1:17pm Dec 3, 2012 1:17pm
I really wonder , if there is short positions underwater - where would their stoploses be? Because from what i see one pip above 1.31 should have some nice stops that waiting to be filled , but the bigger ones are their near 1.32 ...

If a new cluster of Stoploses to be build , Euro has to retrace alittle bit before reaching new high - however , my ideal scenario would be 1.30800/900 that leads to 1.295 / 1.29 , this should give some insurances to hide the sl behind , then it could be filled and give fuel to further high !

One thing i know for sure, is many people will be wiped this month , who thinks that it can't reach any higher ... and it already started today !
"It's the Margin, Stupid."
  • #726,644
  • Dec 3, 2012 1:20pm Dec 3, 2012 1:20pm
Quoting attila
what's pissing me off actually, is how FF is set up.. The iggy should also go the other way.. If I have somebody there, they should not be able to see my posts either. Kind of like blocking someone on twitter. But that would imply people should have an account and log in before they can see the forum.
yep and that wouldn't be good for visitor numbers...

and that wouldn't be good for advertising rates

guess we are stuck with it
  • #726,645
  • Dec 3, 2012 1:20pm Dec 3, 2012 1:20pm
Quoting MaxDoom
yep and that wouldn't be good for visitor numbers...

and that wouldn't be good for advertising rates

guess we are stuck with it
yeah, I know..
  • #726,646
  • Dec 3, 2012 1:22pm Dec 3, 2012 1:22pm
Quoting attila
what's pissing me off actually, is how FF is set up.. The iggy should also go the other way.. If I have somebody there, they should not be able to see my posts either. Kind of like blocking someone on twitter. But that would imply people should have an account and log in before they can see the forum.
now we have TWO OUTSTANDING IDEAS!
  • #726,647
  • Dec 3, 2012 1:22pm Dec 3, 2012 1:22pm
Quoting B_Prasad
This is purely a technical call, besides if RBA cuts interest rate it should push the GBP/AUD pair up to the previous monthly high of 1.58850 rather swiftly which will be my first target and it is also the shoulder level, if broken should go on to test 1.6440.
bit of a call there... 600 pips bit of a push?
Even the worst trade can close with profit. Just give it time.
  • #726,648
  • Dec 3, 2012 1:24pm Dec 3, 2012 1:24pm
Quoting MaxDoom
yep and that wouldn't be good for visitor numbers...

and that wouldn't be good for advertising rates

guess we are stuck with it
I still like to keep some muppets out of the dog house for entertainment purposes..
  • #726,649
  • Edited 1:43pm Dec 3, 2012 1:30pm | Edited 1:43pm
Quoting Vachus
I really wonder , if there is short positions underwater - where would their stoploses be? Because from what i see one pip above 1.31 should have some nice stops that waiting to be filled , but the bigger ones are their near 1.32 ...
yup. a collection of shorts gasping for air (and buying to get out) could be another source of price support.

things don't look too good for shorts right now.


PS: every time price drops near R2 (~3055) somebody starts buying... you might be on to somethin there... with the underwater shorts - R2 is where they become willing to take a loss? --- on the other hand, maybe some M+A guys get happy when price falls near 3050 and resume buying?
  • #726,650
  • Dec 3, 2012 1:36pm Dec 3, 2012 1:36pm
Quoting attila
I still like to keep some muppets out of the dog house for entertainment purposes..
aw I didn't know you cared about me that much

right catch you tomorrow
  • #726,651
  • Dec 3, 2012 1:37pm Dec 3, 2012 1:37pm
Quoting Vachus
I really wonder , if there is short positions underwater - where would their stoploses be? Because from what i see one pip above 1.31 should have some nice stops that waiting to be filled , but the bigger ones are their near 1.32 ...

If a new cluster of Stoploses to be build , Euro has to retrace alittle bit before reaching new high - however , my ideal scenario would be 1.30800/900 that leads to 1.295 / 1.29 , this should give some insurances to hide the sl behind , then it could be filled and give fuel to further high !

One thing i know for...
you are absolutely right looking at the monthly charts it is quite possible that it would scale new highs, so i guess i would hold my position without stop loss and have the next sell at 1.3480 and another one at 1.3886 if it were to go there these are 50 and 61.8 retracement levels. Bear trend is intact as long as 1.5120 is not taken out and fundamentally it is out of question. And i expect to see 1.19 before 1.5120.
  • #726,652
  • Dec 3, 2012 1:37pm Dec 3, 2012 1:37pm
Quoting 1candlepower
yup. a collection of shorts gasping for air (and buying to get out) could be another source of price support.

things don't look to good for shorts right now.
Its unwise to short against a H1 buying bar like that , as equal to long with powerful selling H1 Bar ... But, to give the bears some credit - it did move on midday news , but the Merkel statement and Greece Bond offer plus early Chinese PMI they were all indicating a high !
"It's the Margin, Stupid."
  • #726,653
  • Dec 3, 2012 1:41pm Dec 3, 2012 1:41pm
Quoting B_Prasad
you are absolutely right looking at the monthly charts it is quite possible that it would scale new highs, so i guess i would hold my position without stop loss and have the next sell at 1.3480 and another one at 1.3886 if it were to go there these are 50 and 61.8 retracement levels. Bear trend is intact as long as 1.5120 is not taken out and fundamentally it is out of question. And i expect to see 1.19 before 1.5120.
Never play this game without a stop loss, it's the easiest way to lose control. If you're already losing money and hoping for a selloff don't hold your breath, better to cut your losses and start fresh than to gamble.
  • #726,654
  • Dec 3, 2012 1:43pm Dec 3, 2012 1:43pm
Quoting John Gray
bit of a call there... 600 pips bit of a push?
1st target is 450 pip its hardly a push, 1.6440 is a lil of a push but technical wise its possible, emotionally its a diff question all together , when this pair took just lil over a month to hit the recent low from the recent highs it was a 700 pip push it took less than 30 trading days. But will it happen, we can wait and watch the PA will shows us.
  • #726,655
  • Dec 3, 2012 1:48pm Dec 3, 2012 1:48pm
Quoting Kanzler
Never play this game without a stop loss, it's the easiest way to lose control. If you're already losing money and hoping for a selloff don't hold your breath, better to cut your losses and start fresh than to gamble.
Nope I don't gamble and my account will be above breakeven level if the pair were to go to 1.8 with all the three position, my SL if anything it would be 1.5120. My time frame allows me to take decision after i have concrete evidence to cut my position.
  • #726,656
  • Dec 3, 2012 1:52pm Dec 3, 2012 1:52pm
Quoting Kanzler
Never play this game without a stop loss, it's the easiest way to lose control. If you're already losing money and hoping for a selloff don't hold your breath, better to cut your losses and start fresh than to gamble.
Never say never ...
"It's the Margin, Stupid."
  • #726,657
  • Dec 3, 2012 2:02pm Dec 3, 2012 2:02pm
You guys are too much but you know their are always more muppets to come down the road!



Quoting attila
I still like to keep some muppets out of the dog house for entertainment purposes..
  • #726,658
  • Dec 3, 2012 2:04pm Dec 3, 2012 2:04pm
Quoting Kanzler
Never play this game without a stop loss, it's the easiest way to lose control. If you're already losing money and hoping for a selloff don't hold your breath, better to cut your losses and start fresh than to gamble.

Using stops is like playing poker with your cards on the table....
The great majority are rarely capable of thinking independently.
  • #726,659
  • Dec 3, 2012 2:18pm Dec 3, 2012 2:18pm
Quoting fxnav
Using stops is like playing poker with your cards on the table....
A stop should be placed where you know your setup is invalid. If you wait until it gets there the only thing that's going to happen is all rational thought goes out the window and your emotions take over. Stops serve you well if you use them right.
  • #726,660
  • Dec 3, 2012 2:22pm Dec 3, 2012 2:22pm
Thoughts? [Gravy train doesn't last forever]

retracement back to at least 1.25 by Xmas. Followed by bullish Jan/Feb taking us to higher levels
Attached Image (click to enlarge)
Click to Enlarge Name: Bullish Pattern after D.jpg Size: 227 KB
Even the worst trade can close with profit. Just give it time.
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