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  • #774,381
  • Mar 19, 2013 2:45pm Mar 19, 2013 2:45pm
Quoting MaxDoom
ECB had threatened to withdraw liquidity if cyprus did not pass the levy vote, but they have confirmed that they will not

now the question is will that have any longer lasting impact than I spike? I doubt it because they still need to fix Cyprus and we do not know how that is going to happen at present
tks
  • #774,382
  • Mar 19, 2013 2:46pm Mar 19, 2013 2:46pm
right it has been a long but very profitable day so I am off

goodnight
  • #774,383
  • Mar 19, 2013 2:47pm Mar 19, 2013 2:47pm
Quoting MaxDoom
right it has been a long but very profitable day so I am off

goodnight
Cya later MaxDoom.
  • #774,384
  • Mar 19, 2013 2:48pm Mar 19, 2013 2:48pm
God almighty this PA is driving me nuts...i ate my shorts...and then since they were gone, i opened my dresser and ate some more...massive mm here..have not taken a loss as I decide to try the "pyramid" approach...and while I have a long still and a short still...we are sitting in the middle right now...have managed to grab 50 pips during all this, equity has gone up...but by the gods this is nerve wracking !!!!! No vodka...but i'm having rum and coke !!!!
learn by failure,succeed by learning
Aim Small Return Today: 1.2%
  • #774,385
  • Mar 19, 2013 2:48pm Mar 19, 2013 2:48pm
me think.

first we see 122.80 then 121.65 then 125.30
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  • #774,386
  • Mar 19, 2013 2:48pm Mar 19, 2013 2:48pm
Quoting MaxDoom
right it has been a long but very profitable day so I am off

goodnight
adjos amygos
looking for investors . pm me
  • #774,387
  • Mar 19, 2013 3:02pm Mar 19, 2013 3:02pm
Quoting Edude
God almighty this PA is driving me nuts...i ate my shorts...and then since they were gone, i opened my dresser and ate some more...massive mm here..have not taken a loss as I decide to try the "pyramid" approach...and while I have a long still and a short still...we are sitting in the middle right now...have managed to grab 50 pips during all this, equity has gone up...but by the gods this is nerve wracking !!!!! No vodka...but i'm having rum and coke !!!!
The pyramid works but you really need a way to calculate the proper pos size. Dont go crazy with size. Ms Market give plenty of opportunities so "Small and steady wins the race".
Trade smaller than rational because the market is irrational...
  • #774,388
  • Mar 19, 2013 3:06pm Mar 19, 2013 3:06pm
ECB Responds To Cyprus, Says "Will Provide Liquidity To Cyprus Within Existing Rules"

http://www.zerohedge.com/sites/defau.../picture-5.jpg
Submitted by Tyler Durden on 03/19/2013 15:18 -0400

 

  1. European Central Bank



We were waiting for the ECB response, and seconds ago we got it, when the ECB uttered the magic words, saying it would provide "liquidity within existing rules." What this means is unclear, but the algos loved it and sent the EURUSD up over 50 pips higher in milliseconds. What the algos apparently don't get is that this does not account for the additional liquidity needed that would only be released if Cyprus passed the bailout vote. The last thing the ECB wants is to appear weak, and fold letting every other broke deadbeat country to demand the same equitable treatment and diluting Germany's political might. For now however, the is a move to be faded.
This is not news as the ELA was always there... and the market realized that as soon as ES hit VWAP... fading now...
http://www.zerohedge.com/sites/defau...0319_ECB_0.png

Trade smaller than rational because the market is irrational...
  • #774,389
  • Mar 19, 2013 3:06pm Mar 19, 2013 3:06pm
Quoting EuroTraderJD
The pyramid works but you really need a way to calculate the proper pos size. Dont go crazy with size. Ms Market give plenty of opportunities so "Small and steady wins the race".
Very small and steady... .xx size , so up 50 pips + , equity has gone up from entry...so scalping in between has worked well , much better method for me it seems, before i would have just taken a loss on my long..and i would be down...for me it's not about worrying about the + or - amount showing..but if the equity has gone up, which it has. Im pleased today...could close out all now and still be up, hence the rum and coke
learn by failure,succeed by learning
Aim Small Return Today: 1.2%
  • #774,390
  • Mar 19, 2013 3:14pm Mar 19, 2013 3:14pm
yeah I don't remember ECB saying they would not provide liquidity if the vote does not pass. But ok.
"You're solid gold, see you in hell"
  • #774,391
  • Mar 19, 2013 3:14pm Mar 19, 2013 3:14pm
another scalp. l
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 76 KB
looking for investors . pm me
  • #774,392
  • Mar 19, 2013 3:18pm Mar 19, 2013 3:18pm
Quoting Edude
Very small and steady... .xx size , so up 50 pips + , equity has gone up from entry...so scalping in between has worked well , much better method for me it seems, before i would have just taken a loss on my long..and i would be down...for me it's not about worrying about the + or - amount showing..but if the equity has gone up, which it has. Im pleased today...could close out all now and still be up, hence the rum and coke
Cool I am glad the Bankster pyramid worked for you.

And to think I caught a pile of steaming crap from "geniuses" on here.

Again it may not work for everyone. You got to have the mental strength to deal with the DD.

Trade small and you will not fall.
Trade smaller than rational because the market is irrational...
  • #774,393
  • Mar 19, 2013 3:19pm Mar 19, 2013 3:19pm
Price is riding the 10M 5 SMA will exit if it goes below as long as I am ITM.
Trade smaller than rational because the market is irrational...
  • #774,394
  • Mar 19, 2013 3:21pm Mar 19, 2013 3:21pm
With my luck Ms Market will meander in my "dead zone" The space between my long and short. Oh well I can watch porn in the mean time..
Trade smaller than rational because the market is irrational...
  • #774,395
  • Mar 19, 2013 3:22pm Mar 19, 2013 3:22pm
Oh this is good news....

ISRAEL CONFIRMS CHEMICAL WEAPONS USED TODAY IN SYRIA, UNCLEAR BY WHOM -- CHANNEL 10
Trade smaller than rational because the market is irrational...
  • #774,396
  • Mar 19, 2013 3:25pm Mar 19, 2013 3:25pm
Quoting EuroTraderJD
Cool I am glad the Bankster pyramid worked for you.

And to think I caught a pile of steaming crap from "geniuses" on here.

Again it may not work for everyone. You got to have the mental strength to deal with the DD.

Trade small and you will not fall.
Entries are only part of the equation. When do you exit? I still maintain the belief that you got lucky getting in at the beginning of a bull market, but I don't think you even know when it's time to quit.
  • #774,397
  • Mar 19, 2013 3:41pm Mar 19, 2013 3:41pm
Quoting Kanzler
Entries are only part of the equation. When do you exit? I still maintain the belief that you got lucky getting in at the beginning of a bull market, but I don't think you even know when it's time to quit.
First of all I scalp the 10M chart so getting in at the beginning of a bull mkt isnt a relevant statement since I trade LONG and SHORT and have been since 10/2011. I got the mkt down until July and then up until Jan and now down again and thats NO BULL (pun intended)

I only use MM for pos size and spacing. NOT FOR ENTRY.

The primary trigger for entry and exit is the 10M 5 SMA and 15 SMA either a X with confirmation of other indos or PA near it.

I think I did post today I was waiting for the price to hit the 5 SMA so I could get out as long as I was ITM.
Trade smaller than rational because the market is irrational...
  • #774,398
  • Mar 19, 2013 3:45pm Mar 19, 2013 3:45pm
When I say 10M I mean 10 minute chart. Sorry for the confusion.
Trade smaller than rational because the market is irrational...
  • #774,399
  • Mar 19, 2013 3:45pm Mar 19, 2013 3:45pm
Quoting EuroTraderJD
First of all I scalp the 10M chart so getting in at the beginning of a bull mkt isnt a relevant statement since I trade LONG and SHORT and have been since 10/2011. I got the mkt down until July and then up until Jan and now down again and thats NO BULL (pun intended)

I only use MM for pos size and spacing. NOT FOR ENTRY.

The primary trigger for entry and exit is the 10M 5 SMA and 15 SMA either a X with confirmation of other indos or PA near it.

I think I did post today I was waiting for the price to hit the 5 SMA so I could get out as long...
Okay then.
  • #774,400
  • Mar 19, 2013 4:08pm Mar 19, 2013 4:08pm
Quoting kbmoonshinex
another scalp. l
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