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  • #772,721
  • Mar 17, 2013 6:07pm Mar 17, 2013 6:07pm
Quoting Davit
For positive note massive levels of Gas and oil deposits were found around greek Islands including Cyprus.
Study: Greece sitting on natural gas reserves worth $600 billion




not that its relevant now but Euro could survive.
hahahaha this is old news and was debated here couple years back, like a jig saw all the parts starting to fall into place, the hounds are gathering
If you are new to Forex? Say Goodbye to your account!!
  • #772,722
  • Mar 17, 2013 6:07pm Mar 17, 2013 6:07pm
It feels good to be right

http://www.forexfactory.com/showthre...49#post6512149
Not all sins are created equal
  • #772,723
  • Mar 17, 2013 6:10pm Mar 17, 2013 6:10pm
It's a rare opportunity to have a delicious gap like that! Both on EUR/USD and EUR/GBP

Gaps always get closed, even when it seems impossible

The spikes before market open aren't relevant (xe.com)

It has more to do with psychology and computer models.
Just like with resistance/support evels. They are only there because market makers base their trade models on pre-calculated levels
"Luxury is one of the basic needs", (c), Don Corleone
  • #772,724
  • Mar 17, 2013 6:14pm Mar 17, 2013 6:14pm
Again what a manipulation...because of Cyprus, that small island...
  • #772,725
  • Mar 17, 2013 6:15pm Mar 17, 2013 6:15pm
Quoting Jay Walker
I remember Refco. I was too green to open an account but I did demo with them.
Happy for you that you didn't have a live account.


Phillip Bennett, the former chief executive of Refco, was sentenced to 16 years in prison on Thursday for fleecing investors of more than $2.4 billion in a fraud that destroyed the world's largest independent commodities broker.
The sentence marks the latest chapter in the decline and fall of Phillip Bennett, 59, who built Refco into a global commodities trading empire only to see it unravel in 2005 after the company disclosed an accounting deception.

Fortunately that fucker has still 9 years prison to go.

I should go visit him just to laugh in his face.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #772,726
  • Mar 17, 2013 6:15pm Mar 17, 2013 6:15pm
It's fun to be long gold overnight :-). Just added some here with 2 USD stop.
  • #772,727
  • Mar 17, 2013 6:16pm Mar 17, 2013 6:16pm
Quoting Firstboss
It's a rare opportunity to have a delicious gap like that! Both on EUR/USD and EUR/GBP

Gaps always get closed, even when it seems impossible

The spikes before market open aren't relevant (xe.com)

It has more to do with psychology and computer models.
Just like with resistance/support evels. They are only there because market makers base their trade models on pre-calculated levels
agree but some time it might takes years to fill the broker gap
Mohan
  • #772,728
  • Mar 17, 2013 6:17pm Mar 17, 2013 6:17pm
EUR starting a new stage of bearishness. Had a good chance to go to 3150 before end of last week, but the strong drop few hours ago destroyed all that. 3000 will be the new resistance.

The current sentiment is bearish and towards the lows of 2600 where the region in red is shown. The center of the blue circle where resistance was being witnessed has not held its ground for more upward movement since Friday of last week and the size of this drop is not something that can be mistaken for a double bottom. This is the start of a new series of drops towards the lows of 2600
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Daily.jpg Size: 79 KB
  • #772,729
  • Mar 17, 2013 6:17pm Mar 17, 2013 6:17pm
Quoting Tadej89
Again what a manipulation...because of Cyprus, that small island...
Why manipulation? It is beyond Cyprus. The implications on whether deposits are safe in other troubled countries, let alone the ECB and finance ministers can do a diddly to stop the financial bleeding. Sometimes you have to look beyond headlines
When the facts change I change my mind, what do you do sir
  • #772,730
  • Mar 17, 2013 6:18pm Mar 17, 2013 6:18pm
Quoting mohan76
agree but some time it might takes years to fill the gap
Yes, it might... But not with the most liquid forex pair) I am long at 1.2907 and 0.8542 on eur/gbp
"Luxury is one of the basic needs", (c), Don Corleone
  • #772,731
  • Mar 17, 2013 6:18pm Mar 17, 2013 6:18pm
Quoting SnaveForex
the yen pairs are vulnearable..they can hurt you bad....most traders stay away from it
It will be suicide if you are using leverage
  • #772,732
  • Mar 17, 2013 6:22pm Mar 17, 2013 6:22pm
Quoting Ken A
It will be suicide if you are using leverage
For gj I use maximum leverage of 1:2
New voice message: Why are you calling me? If I need you, I'll call you!
  • #772,733
  • Mar 17, 2013 6:23pm Mar 17, 2013 6:23pm
Quoting KillerWhale
Happy for you that you didn't have a live account.


Phillip Bennett, the former chief executive of Refco, was sentenced to 16 years in prison on Thursday for fleecing investors of more than $2.4 billion in a fraud that destroyed the world's largest independent commodities broker.
The sentence marks the latest chapter in the decline and fall of Phillip Bennett, 59, who built Refco into a global commodities trading empire only to see it unravel in 2005 after the company disclosed an accounting deception.

Fortunately...
Sorry you had to go through this mate
Not all sins are created equal
  • #772,734
  • Mar 17, 2013 6:27pm Mar 17, 2013 6:27pm
Quoting vdeluca
Pretty shitty 100 pip profit vanished on Tuesday. Re-entered long; up 75 pips -- that vanished as well. Then entered short @ 1914. Stopped out @1944 for another 30 pip hit. I cannot afford to keep allowing profitable trades turn into losses, waiting for the 150 pip target according to the 5MFX system. From now on I am going to have to start taking profits whenever I have them.
Place Take Profit Stops.That way no matter you still bank.
Once price moves in your favor place a stop to break even,now you got a free trade.Let it ride.Move your stops behind to protect the profits.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #772,735
  • Mar 17, 2013 6:30pm Mar 17, 2013 6:30pm
Quoting Jay Walker
Sorry you had to go through this mate
That was my first lesson in Forex. But I can laugh about it now.
And actually I could have pulled my money when the rumors started flowing. I waited a few days too long.
Then my account was suddenly blocked.

What did I know back then...................
New voice message: Why are you calling me? If I need you, I'll call you!
  • #772,736
  • Mar 17, 2013 6:32pm Mar 17, 2013 6:32pm
Funny how we all check our accounts on Sunday, lol.
  • #772,737
  • Mar 17, 2013 6:32pm Mar 17, 2013 6:32pm
Quoting mohan76
agree but some time it might takes years to fill the broker gap
yep.. a 30 year one got closed on the cad about 5 years back. at least it was a single country, the ez on the other hand isnt.
those who can, do. those who cant, talk about those who can
  • #772,738
  • Mar 17, 2013 6:37pm Mar 17, 2013 6:37pm
Quoting KillerWhale
For gj I use maximum leverage of 1:2
100 pips around 2% of equity for G/J with that leverage
  • #772,739
  • Mar 17, 2013 6:38pm Mar 17, 2013 6:38pm
I see a big sign as to which direction right from the start of the week. I also know every two bit trader is longing to fill a gap.
  • #772,740
  • Mar 17, 2013 6:42pm Mar 17, 2013 6:42pm
Quoting gatorinla
yep.. a 30 year one got closed on the cad about 5 years back. at least it was a single country, the ez on the other hand isnt.
yes sir that was gap @ 1.02x (3 yrs ago ) , but no one in Australia expected it going to get filled
Mohan
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