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  • #733,181
  • Dec 15, 2012 6:07am Dec 15, 2012 6:07am
Quoting GlobalMacro
Well said....at any rate you gotta hand it to him...the writer has a really vivid and vibrant imagination. He/she should try his hand at being a movie director...would make a great and entertaining movie...
Hahaha

The writer charges 1000 eur for coachin forex Traders conducts sessions blah blah

But i like the concept
The Phoenix Trader....
  • #733,182
  • Dec 15, 2012 6:13am Dec 15, 2012 6:13am
Quoting sunilpawar
Hahaha

The writer charges 1000 eur for coachin forex Traders conducts sessions blah blah

But i like the concept
If he is trading like the BS he has in his text, he needs the money for margin calls...
  • #733,183
  • Dec 15, 2012 6:20am Dec 15, 2012 6:20am
Quoting GlobalMacro
It really doesn't matter WHY she moved the way she did...all that matters is that she did...
For all we know the next move will have different characteristics and a different reasoning behind it, so it's utterly futile to engage in speculation as to why or who moved the market.....makes no difference to the move...

Ath the end of the day all we know for sure is that the market moved and HOW it moved and make the best of it...

I like to know why it does move... but thats just me.
About gold selling off, some think its about the possibility of a rally on equities like S&P and such, people buy gold when they need a flight to safety, right now looks like everything is prepared to rally up. no need to hold gold when you can have a better return on other indices.

All of this are thoughts and ideas of people, I like to know the why of up moves or down moves to put everything in context.
  • #733,184
  • Edited 7:14am Dec 15, 2012 6:43am | Edited 7:14am
Quoting porcupette
I like to know why it does move... but thats just me.
About gold selling off, some think its about the possibility of a rally on equities like S&P and such, people buy gold when they need a flight to safety, right now looks like everything is prepared to rally up. no need to hold gold when you can have a better return on other indices.

All of this are thoughts and ideas of people, I like to know the why of up moves or down moves to put everything in context.
Absolutely I hear you...and It's natural curiosity and it's normal...and extremely detrimental in the markets and especially to a trader well being...
But you have to understand that it's not possible to put them into perspective the way you fathom it...

Look at it this way from a practical point of view...

Consider putting into perspective why the sun shines and who makes her shine and why does it rain before acting on anything..

That would take a very very long time to figure out and keep you busy indeed thinking about it, wouldn't you agree?
And eventually get absolutely nothing done....not to mention arriving at fantastically flawed conclusions like the writer in point

Better consider how to react to when it rains and when it shines in the most efficient manner.....a lot more practical and healthy...
Hear the music before the song is over ...
  • #733,185
  • Dec 15, 2012 6:56am Dec 15, 2012 6:56am
Quoting porcupette
I like to know why it does move... but thats just me.
About gold selling off, some think its about the possibility of a rally on equities like S&P and such, people buy gold when they need a flight to safety, right now looks like everything is prepared to rally up. no need to hold gold when you can have a better return on other indices.

All of this are thoughts and ideas of people, I like to know the why of up moves or down moves to put everything in context.
Are you aware that there is a tax question in the US regarding all asset classes for next year...? Gold does not see a sell-off. Please put a monthly gold chart and monthly EUR/USD chart in the same picture. You will understand what I mean.
  • #733,186
  • Dec 15, 2012 7:12am Dec 15, 2012 7:12am
Still We ll look ahead to see the 1.3170/80 levels for Eur Usd and down below 1.3070/90 levels i ll be looking. I slept on Friday. short opportunity missed. lets see if market opens at same level so as i take short. Still looks like market may open below 1.3130/40 level. Even Election in japan will have some effect. lets see . But It was very strange to see that after every one going home and celebrating weekend Eur demand rises and closes high.

and i will look for range trading till draggi does rate cut etc etc

Comments Welcome......
The Phoenix Trader....
  • #733,187
  • Dec 15, 2012 7:13am Dec 15, 2012 7:13am
Nice Link to see

http://www.fxstreet.com/technical/cu...&time=2012-349
The Phoenix Trader....
  • #733,188
  • Dec 15, 2012 7:37am Dec 15, 2012 7:37am
Quoting sunilpawar
Still We ll look ahead to see the 1.3170/80 levels for Eur Usd and down below 1.3070/90 levels i ll be looking. I slept on Friday. short opportunity missed. lets see if market opens at same level so as i take short. Still looks like market may open below 1.3130/40 level. Even Election in japan will have some effect. lets see . But It was very strange to see that after every one going home and celebrating weekend Eur demand rises and closes high.

and i will look for range trading till draggi does rate cut etc etc

Comments Welcome......
Interesting...that's 30-40 pips off where euro closed on friday....how can you know that?
Do you have anything to back this up?
Hear the music before the song is over ...
  • #733,189
  • Dec 15, 2012 8:05am Dec 15, 2012 8:05am
erm...
looking at the 15mins chart, that last spike, it's all "normal." -_-'

started at 3066, went to 3140, then tested previous high at 3126. fib projections for thaf, 61.8% is 3172. 138.2% at 3228

i have 3221(138.2%) from 2878-3126

any thoughts, mentors?
  • #733,190
  • Edited 9:39am Dec 15, 2012 9:26am | Edited 9:39am
Quoting Avir
1H better not cross 3101 convincingly to help the beers if it did it will give way for the 4H to look for weakness around Gators #s, to me it’s between 3131-3144 but if i get 3195 i will have a good Christmas bonus - any ways 4H looks very tiered!!
Updated 4H... from last week, very hard to say what the fat fingers gonna do in the last few trading days of the year but i also see ( As some one said here on Friday ) nothing but Air in between 3195 and 33ish. mmmmmmm
Edit: i have five shorts from 3093 till 3162 so im underwater but i Expected to be under water... hoping it wont go above 33.
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #733,191
  • Dec 15, 2012 10:02am Dec 15, 2012 10:02am
Quoting Avir
Updated 4H... from last week, very hard to say what the fat fingers gonna do in the last few trading days of the year but i also see ( As some one said here on Friday ) nothing but Air in between 3195 and 33ish. mmmmmmm
Edit: i have five shorts from 3093 till 3162 so im underwater but i Expected to be under water... hoping it wont go above 33.
Mate, I am trying to understand your strategy and I truly hope it works out for you. What is your SL I tried something similar in the past but at that time because I was leveraging like an idiot 1:100 I got stopped out very badly and left empty handed even tough my strategy was actually right. I hope your leverage is fine. In my charts I see 1.2890 somewhere along the line and I think we will see it rather sooner than later however there is a serious attraction of 1.3240s first especially coming Asian session and London open. These bastardos have spent a fortune to bring the price to this level in my opinion. So, even if your strategy might be a good one, what is your SL...??? That is the relevant question here. Hey, good luck by the way...! I hope you have your fat bonus soon...!
  • #733,192
  • Edited 10:36am Dec 15, 2012 10:22am | Edited 10:36am
Guys, check the volumes, check the fundamentals, check how fast the the EUR/USD (most traded pair) rised and how much other pairs were lagging to follow. Check the gold not moving at all. Check the stocks going down. It was nothing but a stop loss hunting instrumented by the big liquidity providers for the ECNs (market makers) as City and LLMAX + the smaller market makers as Oanda and friends. The only surprise is that it stopped out september high. That means that there were extremly huge blank orders (no algos, just big fat orders with "place and abandon" strategy) in that area, else it would have went to the 1.32, as most retail stop losses were placed betwen 1.31 and 1.32. There's a small chance we could see that blank orders being removed on Monday, but i'd say they will remain there as fundamentally that is a good price to exchange your EU to USD.
Also, the biggest rise in the other risk currencies, as AUD/USD, GBP/USD and NZD/USD where actual shorts triggered on the EU/USD hedged with a long on the 3 i mentioned.


Basically the dollar cant drop like a bomb, the US stocks to drop also and the XAU/USD to dont move.

The only fact which could be in place, but it wouldnt happen at this moment if the aliens wouldnt attack the US, given the fundamentals, is a repatriate everything from the US and get it in Europe (given the fact that European stocks didnt fall as the US ones).
  • #733,193
  • Edited 11:06am Dec 15, 2012 10:49am | Edited 11:06am
Quoting math_GB
Mate, I am trying to understand your strategy and I truly hope it works out for you. What is your SL I tried something similar in the past but at that time because I was leveraging like an idiot 1:100 I got stopped out very badly and left empty handed even tough my strategy was actually right. I hope your leverage is fine. In my charts I see 1.2890 somewhere along the line and I think we will see it rather sooner than later however there is a serious attraction of 1.3240s first especially coming Asian session and London open. These bastardos have...
Early on friday this is how my bonus looked + £ 3732 when my TP got hit at 3101 ( it was meant to be TP'd at 3195 ). My wait was two months. made a mistake moved my TP from 3195 to 3101 and put a pending short at 3102 then @ 3116,3131 & 3162 - that was during asia. Just b4 CPI i was in good green again and when I warned Attilla that CPI on its way i closed all my shorts at 3083 when i thougt somming wrong (with green) !! but on one of my short term account i wanna to catch the top.. hence i had smaller lots in all the important SR's( few pips below ), now i have five shorts & stops on them are 3345 on all. I have three Spread bet accounts and two CFD's between three brokers, i use all for defferent purpouse, overall i am green for the year but dont ask me about my lost on one of the account on which i am trying to learn Headging Just coz this is saturday i dont mind sharing hope you having a good time, i am just finishing off on the Christmas tree with my kids
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #733,194
  • Dec 15, 2012 11:01am Dec 15, 2012 11:01am
Quoting valent1ne
Guys, check the volumes, check the fundamentals, check how fast the the EUR/USD (most traded pair) rised and how much other pairs were lagging to follow. Check the gold not moving at all. Check the stocks going down. It was nothing but a stop loss hunting instrumented by the big liquidity providers for the ECNs (market makers) as City and LLMAX + the smaller market makers as Oanda and friends. The only surprise is that it stopped out september high. That means that there were extremly huge blank orders (no algos, just big fat...
A good trader follows his rules, but great trader knows when to break them
  • #733,195
  • Dec 15, 2012 11:04am Dec 15, 2012 11:04am
Quoting valent1ne
Guys, check the volumes, check the fundamentals, check how fast the the EUR/USD (most traded pair) rised and how much other pairs were lagging to follow. Check the gold not moving at all. Check the stocks going down. It was nothing but a stop loss hunting instrumented by the big liquidity providers for the ECNs (market makers) as City and LLMAX + the smaller market makers as Oanda and friends. The only surprise is that it stopped out september high. That means that there were extremly huge blank orders (no algos, just big fat orders with "place...
You know what is denial ? Its not a river in Egypt
I have a feeling that people who are bearish or switched to bearish mode when 1.31200 was reached , are actually in denial ..
"It's the Margin, Stupid."
  • #733,196
  • Dec 15, 2012 11:07am Dec 15, 2012 11:07am
Quoting Vachus
You know what is denial ? Its not a river in Egypt
I have a feeling that people who are bearish or switched to bearish mode when 1.31200 was reached , are actually in denial ..
Im not denying anything. I presented you from where my conclusion comes. But flamers gonna flame, no matter what. I presented my arguments, i didnt say anyone else is wrong and i am right. Up to you to decide if my arguments are ok or not, im not forcing you to anything. But as i said since my first post - all the gurus have the deep need of flaming.
  • #733,197
  • Dec 15, 2012 11:12am Dec 15, 2012 11:12am
Quoting valent1ne
Guys, check the volumes, check the fundamentals, check how fast the the EUR/USD (most traded pair) rised and how much other pairs were lagging to follow. Check the gold not moving at all. Check the stocks going down. It was nothing but a stop loss hunting instrumented by the big liquidity providers for the ECNs (market makers) as City and LLMAX + the smaller market makers as Oanda and friends. The only surprise is that it stopped out september high. That means that there were extremly huge blank orders (no algos, just big fat orders with "place...
Mate... I mean this very friendly. I have ended my discussion with you from my end regarding the last incidence we had with you cause I think you will be here like us from now on. You did step in on the wrong foot but it is OK. I do hope you can make a sense of all those posts from my end and yours and understand why you have been perceived in a nasty way. Anyway...! All history now... We are all here, we are all trying to be succesfull with the little resources we have. And I truly wish we make the most we can, and we can succeed when we share information, knowledge, experience and sometimes reminders. So it is best if we respect each other. I will from now on do my part. I first of all respect you and I hope you can become a great trader soon.

Coming back to your post however, I feel there are some unfitting issues... To my experience of course. You are short biased obviously. It is OK, we have some bias, it is in our nature. May it be, my British pride or dislkike to continental Europe, I never enjoyed the EUR and I devalued it over time since the beginning. It came from 0.80s to 1.60s in a very short time (10 years is a very short time for such a Union)... Obviously I took it all wrong. I regret my bias very badly now. I could have made a fortune if I were not that stupid. If I wrote here, what I have done due to my bias, you would probably put me in your iggy straight away - FF could kick me out as well...

I am still very often short-biased. ı still was up untill less than 48 hours ago. But, you need to understand, the price is above monthly Fib now. can it drop? Of course it can... But seeing this pair only one leg is a big mistake you can do. I think, it was attila - He is a great guy by the way, he helped/is helping so many people around here (I hope you make up to him very soon) - said "this is not a currency pair, it is a political instrument and there will always be buyers of this cripple". That opened my eyes.

I am not telling you you are wrong, maybe the price will drop like a star from the sky but you should always see the other end of story and ask yourself why the price is here... And my view on this is very simple: That is price and as long as there is a short term, it is best stick to it. ı suggest you do the same otherwise sooner or later, you will blow your account and ask yourself WTF have I done.

The reality is:

- We are above the monthly res
- We are this close to break the so called " unbreakable double top @1.3170s"
- There is clear momentum to the upside and we keep having higher lows since 1.2660s.

These are the facts and I felt obliged to remind you these.

Have a good weekend you (the citizen of my hero : Georghe Hagi)

  • #733,198
  • Dec 15, 2012 11:15am Dec 15, 2012 11:15am
Quoting Vachus
You know what is denial ? Its not a river in Egypt
LOL !!


Quoting Vachus
I have a feeling that people who are bearish or switched to bearish mode when 1.31200 was reached , are actually in denial ..
As in, up the proverbial creek without a paddle ??
When the Joker is in the deck.. fear not and play it well
  • #733,199
  • Dec 15, 2012 11:19am Dec 15, 2012 11:19am
Quoting math_GB
Mate... I mean this very friendly. I have ended my discussion with you from my end regarding the last incidence we had with you cause I think you will be here like us from now on. You did step in on the wrong foot but it is OK. I do hope you can make a sense of all those posts from my end and yours and understand why you have been perceived in a nasty way. Anyway...! All history now... We are all here, we are all trying to be succesfull with the little resources we have. And I truly wish we make the most we can, and we can succeed when we share...
Interesting post....in either case, reject or break, there's the potential for a great setup if price action verifies. No reason to have a bias, just watch what it does and play it I think.
  • #733,200
  • Dec 15, 2012 11:22am Dec 15, 2012 11:22am
Look at EURUSD on 5min over last 500 candles (thick black line at top); biggest mover of all pairs with strong momentum

The CHF quote currency is also strong as all xxxCHF pairs are at the bottom.

http://i.imgur.com/Zfrt5.png
Politics is the womb in which war develops.
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