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  • #739,521
  • Dec 28, 2012 3:22pm Dec 28, 2012 3:22pm
For Atilla about UCad,

I said my system tells me long and my good feel tells me short and that's a dangerous combination.
So I stayed on the sidelines.
And as it turned out, of course my system won. Good feel lost.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #739,522
  • Dec 28, 2012 3:26pm Dec 28, 2012 3:26pm
Quoting KillerWhale
For Atilla about UCad,

I said my system tells me long and my good feel tells me short and that's a dangerous combination.
So I stayed on the sidelines.
And as it turned out, of course my system won. Good feel lost.
I really don't understand the logic behind trading this pair - it doesn't move to go anywhere , and even when it start moving it prints 10 pips hardly on a H1 ! You mind telling me your reason !
"It's the Margin, Stupid."
  • #739,523
  • Dec 28, 2012 3:49pm Dec 28, 2012 3:49pm
Yes I understand why and how and when this pair moves, and the few pips I gain are very profitable since this is the only pair that I trade with 10 times more leverage than any other pair like EU, and 20 times more leverage than GJ.
A 25 pip move in a week in my favor gives me way more than the average US worker makes in a week including benefits.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #739,524
  • Dec 28, 2012 3:51pm Dec 28, 2012 3:51pm
Quoting Vachus
I really don't understand the logic behind trading this pair - it doesn't move to go anywhere , and even when it start moving it prints 10 pips hardly on a H1 ! You mind telling me your reason !
Its 1 of the best pairs to scalp for the reasons you just mentioned you can load up size & use a tight stop & not worry about volitility shaking you you out.
It works till it doesn't
  • #739,525
  • Dec 28, 2012 3:57pm Dec 28, 2012 3:57pm
Quoting KillerWhale
Yes I understand why and how and when this pair moves, and the few pips I gain are very profitable since this is the only pair that I trade with 10 times more leverage than any other pair like EU, and 20 times more leverage than GJ.
A 25 pip move in a week in my favor gives me way more than the average US worker makes in a week including benefits.
Hmm, now It make sense ... But Other pairs are not that difficult to indicate where the next 25 pips will be printed - problems happens , when people start speculate about the next 100 or 300 pips will be printed - than , everything goes out of control !
"It's the Margin, Stupid."
  • #739,526
  • Dec 28, 2012 4:03pm Dec 28, 2012 4:03pm
Quoting Vachus
Hmm, now It make sense ... But Other pairs are not that difficult to indicate where the next 25 pips will be printed - problems happens , when people start speculate about the next 100 or 300 pips will be printed - than , everything goes out of control !
In June last year I made a big mistake with this pair, a big long @ 0.97 went all the way down to almost 0.94. I didn't take a loss, just let it ride and I made a small fortune in the weeks after that when it went up to 1.06.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #739,527
  • Dec 28, 2012 4:11pm Dec 28, 2012 4:11pm
Quoting Vachus
Hmm, now It make sense ... But Other pairs are not that difficult to indicate where the next 25 pips will be printed - problems happens , when people start speculate about the next 100 or 300 pips will be printed - than , everything goes out of control !
Oh you want 300 pips? That's an easy one:

Short GJ should get you there.
We have a GAP to close @ 134.92 or so.

I'm already 54 pips on the way to close that GAP for a total of 425 pips or so. My target = 135.00
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  • #739,528
  • Dec 28, 2012 4:21pm Dec 28, 2012 4:21pm
Quoting KillerWhale
Oh you want 300 pips? That's an easy one:

Short GJ should get you there.
We have a GAP to close @ 134.92 or so.

I'm already 54 pips on the way to close that GAP for a total of 425 pips or so. My target = 135.00
Well, i won't knock your success and i really hope it works for you. Thanks for the suggestion to short the GJ, but I feel about it like Captain Jack Sparrow on Stranger tides :
Quote
Jack Sparrow: You know that feeling you get when you're standing in a high place... sudden urge to jump?... I don't have it.

Anyway, have a nice day
"It's the Margin, Stupid."
  • #739,529
  • Dec 28, 2012 4:23pm Dec 28, 2012 4:23pm
Quoting Vachus
Well, i won't knock your success and i really hope it works for you. Thanks for the suggestion to short the GJ, but I feel about it like Captain Jack Sparrow on Stranger tides :


Anyway, have a nice day
4/500 pips on g/j will be a lot easier to the upside.
It works till it doesn't
  • #739,530
  • Dec 28, 2012 4:35pm Dec 28, 2012 4:35pm
Consolidation of EUR/USD, confirmed by double top and double bottom and convergence of SMA-20 and SMA-50. Slowing bullish momentum.

Shorting retracement further below 1.3165.

(12/28 - 4hr chart)
  • #739,531
  • Dec 28, 2012 4:59pm Dec 28, 2012 4:59pm
Quoting KillerWhale
For Atilla about UCad,

I said my system tells me long and my good feel tells me short and that's a dangerous combination.
So I stayed on the sidelines.
And as it turned out, of course my system won. Good feel lost.
The reason I was hesitant with it was that yesterday closed above 99448, the level I told you about... That was the level I was watching... Targets are easy to see now..

Attached Image
  • #739,532
  • Dec 28, 2012 5:30pm Dec 28, 2012 5:30pm
Quoting attila
The reason I was hesitant with it was that yesterday closed above 99448, the level I told you about... That was the level I was watching... Targets are easy to see now..

Attachment
yes it's much clearer now, I wish I had stayed long.
Lesson learned again that a good system is much better than "good feel"
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  • #739,533
  • Dec 28, 2012 6:03pm Dec 28, 2012 6:03pm
I think we will be going short till 1.32015 and if we break thru that one we will be going down to 1.31677. Thats my estimate i think it will happen on the next trading day.

Good luck everyone
  • #739,534
  • Dec 28, 2012 7:53pm Dec 28, 2012 7:53pm
Quoting KillerWhale
Oh you want 300 pips? That's an easy one:

Short GJ should get you there.
We have a GAP to close @ 134.92 or so.

I'm already 54 pips on the way to close that GAP for a total of 425 pips or so. My target = 135.00
I want 3,000 pips. Can you help me with my target?

ps. Do I have to open a forex trading account for this?
The Thief of Wall Street
  • #739,535
  • Edited 8:35pm Dec 28, 2012 8:20pm | Edited 8:35pm
Quoting Chicky
I want 3,000 pips. Can you help me with my target?

ps. Do I have to open a forex trading account for this?
My friend, your first question the answer is NO, I cannot promise you more than that we go back to 132 or so.

And about opening a forex trading account, no you don't have to, just go to your bank and say that you want to borrow 50 million UK pounds and want to buy all yens with it (you know, those yens that they have in Tokyo that you can pay your blow fish (or I think its Fugu) with)

And then you just wait.
In the meantime you can go for a walk in the snow, or fondle a girl or 2 or play chess with yourself.

And after that you just collect your profit, give 23% of it to the IRS and you can walk free.

It's that easy
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  • #739,536
  • Dec 28, 2012 8:48pm Dec 28, 2012 8:48pm
Quoting KillerWhale
My friend, your first question the answer is NO, I cannot promise you more than that we go back to 132 or so.

And about opening a forex trading account, no you don't have to, just go to your bank and say that you want to borrow 50 million UK pounds and want to buy all yens with it (you know, those yens that they have in Tokyo that you can pay your blow fish (or I think its Fugu) with)

And then you just wait.
In the meantime you can go for a walk in the snow, or fondle a girl or 2 or play chess with yourself.

And after that you just collect...
And why am I short on Yen pairs?
I think there are a lot of big traders out there who are going to take profit before the end of the year, looks nice in their books.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #739,537
  • Edited Dec 29, 2012 5:32am Dec 28, 2012 9:01pm | Edited Dec 29, 2012 5:32am
Quoting 21vs7
canaadiaaan!
yo 21!
Euro closing the last trading week of the year in fine style here at the topside of the 3-month supply zone turned demand with the yet to be resolved Fiscal Cliff drama still hanging over Monday's last trading session of the year..

meanwhile, the circular wheels of fortune seems to be spinning in reverse
with the circular bear guy since November finally turn bull.. & the new guy turn bear..


http://s3.amazonaws.com/readers/2012...70d800wi_1.jpg

have a nice foolger w/e..
  • #739,538
  • Dec 28, 2012 9:12pm Dec 28, 2012 9:12pm
Quoting KillerWhale
My friend, your first question the answer is NO, I cannot promise you more than that we go back to 132 or so.

And about opening a forex trading account, no you don't have to, just go to your bank and say that you want to borrow 50 million UK pounds and want to buy all yens with it (you know, those yens that they have in Tokyo that you can pay your blow fish (or I think its Fugu) with)

And then you just wait.
In the meantime you can go for a walk in the snow, or fondle a girl or 2 or play chess with yourself.

And after that you just collect...
That's too complicated.

I just posted this ad to make it easier http://toronto.en.craigslist.ca/mss/wan/3507783329.html
The Thief of Wall Street
  • #739,539
  • Dec 28, 2012 9:14pm Dec 28, 2012 9:14pm
~~~"Ahhhhhhhh, freak out...................."~~~
Attached Image (click to enlarge)
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Time turns trend. - W.D. Gann
  • #739,540
  • Dec 28, 2012 9:18pm Dec 28, 2012 9:18pm
Quoting KillerWhale
I said earlier that I'm going to leave my gj shorts open over the weekend.

And then in the last 5 minutes of trading @ Oanda, GJ dropped 29 pips from 139.07 to 138.78.
What a great way to end the week.
the ask is above 139 i though the bid dropped.. This was a gbp thing as gu and gn
had the same thing. I suspect it was a
blatant stophunt trial by a bank who were exposed on clients
shorts so they tried to hunt the positiom. Ucad rose and eu was falling but gu seemed
to jump on the news that sent es 20 handles lower.

at the end in the last min the bank got out thus the drop
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