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Ramblings of a Forex Junkie

  • #2,181
  • Apr 7, 2013 7:47pm Apr 7, 2013 7:47pm
Quoting threei
Hey Tantum What time do you use for the weekly open?
In my post I was referencing 17:00 EDT for the Sunday open. My point of the post was simply the struggle for control of the currency at the very top of the pecking order and I was not trying to suggest anything else.

If one actually wanted to dig deeper into what that event meant and relate it to price you would find out some interesting things, especially in relation to my discussion with SP this past Friday in this thread and where orders were placed. I do not look to the market open on Sunday at 17:00 EDT though. Events like that have future repercussions on price because of the amount of orders it caused. It was a very meaningful event in terms of price and orders.
  • #2,182
  • Apr 7, 2013 11:02pm Apr 7, 2013 11:02pm
forexfactory is the best place to be when your bored
  • #2,183
  • Apr 8, 2013 3:58am Apr 8, 2013 3:58am
Quoting TantumVerum
In my post I was referencing 17:00 EDT for the Sunday open. My point of the post was simply the struggle for control of the currency at the very top of the pecking order and I was not trying to suggest anything else. If one actually wanted to dig deeper into what that event meant and relate it to price you would find out some interesting things, especially in relation to my discussion with SP this past Friday in this thread and where orders were placed. I do not look to the market open on Sunday at 17:00 EDT though. Events like that have future...
Bad timing on my part. I wasn't really referring to your previous post. I was looking at some charts you posted a couple of weeks ago and noticed you had a line for the weekly open. Some people use 17:00 edt, some use 00:00 edt and others use 00:00 gmt, was just curious which one you were using.
  • #2,184
  • Apr 8, 2013 7:57am Apr 8, 2013 7:57am
Olarion, Did you play the OR trade this morning? I should have pulled the trigger. I see that trade scored again.
Attached Image (click to enlarge)
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  • #2,185
  • Apr 8, 2013 8:47am Apr 8, 2013 8:47am
Quoting allisonmagic
forexfactory is the best place to be when your bored
fk off Francis
Time hides Nothing
  • #2,186
  • Apr 8, 2013 8:49am Apr 8, 2013 8:49am
Quoting CindyXXXX
fk off Francis
he's got a point, that just made me laugh
tradewith60
  • #2,187
  • Apr 8, 2013 8:56am Apr 8, 2013 8:56am
Quoting 60minuteman
he's got a point, that just made me laugh
I'm here all week! hope you're good 60mm.

And where's everybody's favorite junkie today?
Time hides Nothing
  • #2,188
  • Apr 8, 2013 9:14am Apr 8, 2013 9:14am
Quoting Snowbird
Olarion, Did you play the OR trade this morning? I should have pulled the trigger. I see that trade scored again. {image}
The OR is always in play except NFP. He's in if he's trading. I took my 1/1 and am holding with BE stop.
  • #2,189
  • Apr 8, 2013 9:15am Apr 8, 2013 9:15am
Quoting CindyXXXX
I'm here all week! hope you're good 60mm. And where's everybody's favorite junkie today?
I'm alive but busy.
  • #2,190
  • Apr 8, 2013 9:19am Apr 8, 2013 9:19am
EU just missed my pending order at last week's high. I hope I didn't miss the bus.
  • #2,191
  • Apr 8, 2013 9:42am Apr 8, 2013 9:42am
Quoting threei
Bad timing on my part. I wasn't really referring to your previous post. I was looking at some charts you posted a couple of weeks ago and noticed you had a line for the weekly open. Some people use 17:00 edt, some use 00:00 edt and others use 00:00 gmt, was just curious which one you were using.
I believe it was 00:00 ET. Those (2 charts I believe) were showing some of my thoughts in relation to some levels discussed in this thread based upon on how I view them.
  • #2,192
  • Apr 8, 2013 9:46am Apr 8, 2013 9:46am
Quoting CindyXXXX
Good stuff SP.. Gave myself the day off to let things settle down a bit. http://www.youtube.com/watch?v=2roXL3-YLRE What music are you into?
go back to your own thread with your F***ing music
  • #2,193
  • Apr 8, 2013 9:47am Apr 8, 2013 9:47am
Quoting FOURX
go back to your own thread with your F***ing music
oh.. well I never
Time hides Nothing
  • #2,194
  • Apr 8, 2013 9:49am Apr 8, 2013 9:49am
Quoting Seneca pilot
The OR is always in play except NFP. He's in if he's trading. I took my 1/1 and am holding with BE stop.
Do you play OR with EU only or with other pairs too?
  • #2,195
  • Apr 8, 2013 9:58am Apr 8, 2013 9:58am
Quoting Seneca pilot
EU just missed my pending order at last week's high. I hope I didn't miss the bus.
Curious as to why you wouldn't adjust an entry based upon the fact that NY opened near this level, which would bring additional orders into the market and cause the move down prior to hitting last week's high. I understand you have your rules, but I also know you have stated that your entry/exit is adjusted at times and not exactly at the established level. I have a feeling I already know the answer, but like I said I am curious.

Maybe I should ask it this way. After you have seen the move up not hitting the PrevWkH and a NY Open close, would you enter on a pullback to the NY O, or will you again wait until the PrevWkH is hit?
  • #2,196
  • Apr 8, 2013 10:08am Apr 8, 2013 10:08am
Quoting TantumVerum
I believe it was 00:00 ET. Those (2 charts I believe) were showing some of my thoughts in relation to some levels discussed in this thread based upon on how I view them.
Thanks. I have not found a weekly open time I am happy with. Weekly close is usually a fairly solid area, so I just stick with that.
  • #2,197
  • Apr 8, 2013 10:14am Apr 8, 2013 10:14am
Quoting tdforex
Do you play OR with EU only or with other pairs too?
EU only. Haven't even tested anything else.
  • #2,198
  • Apr 8, 2013 10:18am Apr 8, 2013 10:18am
Quoting TantumVerum
Curious as to why you wouldn't adjust an entry based upon the fact that NY opened near this level, which would bring additional orders into the market and cause the move down prior to hitting last week's high. I understand you have your rules, but I also know you have stated that your entry/exit is adjusted at times and not exactly at the established level. I have a feeling I already know the answer, but like I said I am curious. Maybe I should ask it this way. After you have seen the move up not hitting the PrevWkH and a NY Open close, would you...
I had my order one full pip inside the level. My feed had the high at 395 and I put the order at 385. even 375 would have missed on my feed. I would have had to go down to 350 to get the entry. I won't sacrifice that much stop distance. I don't mind too much missing a trade even though I bit#h about it when it happens. I now am leery of the level though because a miss this close has eaten up a lot of orders.
  • #2,199
  • Apr 8, 2013 10:21am Apr 8, 2013 10:21am
Quoting Seneca pilot
I had my order one full pip inside the level. My feed had the high at 395 and I put the order at 385. even 375 would have missed on my feed. I would have had to go down to 350 to get the entry. I won't sacrifice that much stop distance. I don't mind too much missing a trade even though I bit#h about it when it happens. I now am leery of the level though because a miss this close has eaten up a lot of orders.
What really makes me mad is when I mismanage a trade. I sold the daily open on GU today and the price just ranged around all morning so I closed the trade at 1/1. It is now trading right around 2.5/1.
  • #2,200
  • Apr 8, 2013 10:22am Apr 8, 2013 10:22am
Quoting threei
Thanks. I have not found a weekly open time I am happy with. Weekly close is usually a fairly solid area, so I just stick with that.

Weekly open is the same as the Monday daily open. Three hours before London open.
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