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  • #800,621
  • May 23, 2013 6:29am May 23, 2013 6:29am
Got stuck

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  • #800,622
  • May 23, 2013 6:30am May 23, 2013 6:30am
Draghi speaks today.
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  • #800,623
  • May 23, 2013 6:37am May 23, 2013 6:37am
Have to love markets. Afraid of the Fed tapering, but shouldn't that somewhat be priced in? I mean 85/B doesn't go on forever and there has been talk about tapering for a while. Nikkei got destroyed. I guess like I said, fundamentals will always tend to catch up to the real picture.
When the facts change I change my mind, what do you do sir
  • #800,624
  • May 23, 2013 6:40am May 23, 2013 6:40am
Quoting kuroro001
This range is getting boring
i gone crazy , i have made 71 trades in London session practicing high speed scaling ,
Mohan
  • #800,625
  • May 23, 2013 6:42am May 23, 2013 6:42am
Quoting mohan76
{quote} i gone crazy , i have made 71 trades in London session practicing high speed scaling ,
lol 71...you have a good stomach & heart.

And now where do you see it going?
COT: The precious data ignored
  • #800,626
  • May 23, 2013 6:46am May 23, 2013 6:46am
Quoting kuroro001
{quote} lol 71...you have a good stomach & heart. And now where do you see it going?
i lost my vision after Ben
bull should take over but 1.29 seems strong it's also option (NY cut), fail to break will put bear in charge
Mohan
  • #800,627
  • May 23, 2013 6:52am May 23, 2013 6:52am
Quoting Pharm0r
Morning! Nailed the bounce @ 2825

Inserted Video
Patience is a virtue...
  • #800,628
  • May 23, 2013 6:56am May 23, 2013 6:56am
Quoting citizen1981
{quote} I just wanted to tell you that your SL will most likely be hit. Big Boys should hunt for SL above 1.29 - then I will look for short, not ealier
Muachachacha .

Now beat this RsX. Trying to be serious? No way, this is money making game. Pretty simmilar to World of Warcraft or maybe Sims actually.
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"I know one thing, that I know nothing." Sokrates
  • #800,629
  • May 23, 2013 6:56am May 23, 2013 6:56am
Quoting hadox
{quote} http://www.youtube.com/watch?v=GC5E8ie2pdM
Hadox and its vidz
COT: The precious data ignored
  • #800,630
  • May 23, 2013 6:58am May 23, 2013 6:58am
Quoting Pip Anon
Have to love markets. Afraid of the Fed tapering, but shouldn't that somewhat be priced in? I mean 85/B doesn't go on forever and there has been talk about tapering for a while. Nikkei got destroyed. I guess like I said, fundamentals will always tend to catch up to the real picture.
The Fed can't stop the QE. The US deficit is 1.1 trillion and the debt about 17 trillion. The lies of the Fed aside, the actual purpose of QE besides supporting the banks is to monetize the debt. The US government can't afford to pay normal interest rates. If they had to pay just 4% on the debt that would be 680 billion a year in interest expenses alone. On top of that they'd still want to borrow an additional 1.1 trillion for a total of 1.8 trillion borrowing each year. That's just not gonna happen: if the Fed stops QE interest rates go to 10-20% in short order crushing the bond market, housing market, all the banks go under, loans for corporations are cut off, the stock market crashes 90%- welcome to Greece.
  • #800,631
  • May 23, 2013 7:04am May 23, 2013 7:04am
Quoting kuroro001
{quote} Hadox and its vidz
heh..

as said earlier i hate having lots of entries, i'll wait for that place where my risk is limited, where i don't
need to move to be after +15 and most important, where i think i can get a runner..

gives me a lot of waiting, so gotta kill the time with something..
Patience is a virtue...
  • #800,632
  • May 23, 2013 7:07am May 23, 2013 7:07am
Quoting SpacyTrader
{quote} The Fed can't stop the QE. The US deficit is 1.1 trillion and the debt about 17 trillion. The lies of the Fed aside, the actual purpose of QE besides supporting the banks is to monetize the debt. The US government can't afford to pay normal interest rates. If they had to pay just 4% on the debt that would be 680 billion a year in interest expenses alone. On top of that they'd still want to borrow an additional 1.1 trillion for a total of 1.8 trillion borrowing each year. That's just not gonna happen: if the Fed stops QE interest rates go...
And the last time FED stopped QE (at the time SOMA) was in 2008, it starved the banks (Lehman even collapsed) that forced them to sell and made the cards that we call market, collapse.
"You're solid gold, see you in hell"
  • #800,633
  • May 23, 2013 7:15am May 23, 2013 7:15am
Quoting xandi
{quote} I´m very relaxed at this point, this week probably it will end in "cross" at 0.9730. we´ve entered on strong demand zone, below 0.9700, and I don´t believe we will break it this time...until we reach the low low at 0.9550 I will reinforce. luck everyone
Ok, price returning above demand zone, and near my "buy" spot...I assume for the first time it could be not so easy as I was imaginning the climbing up, maybe only next week..until now, still holdinh AUDUSD
  • #800,634
  • May 23, 2013 7:16am May 23, 2013 7:16am
I am very suprised at this market reaction of QE tampering so far. very suprised
"You're solid gold, see you in hell"
  • #800,635
  • May 23, 2013 7:16am May 23, 2013 7:16am
Quoting SugarPink
{quote}And the last time FED stopped QE (at the time SOMA) was in 2008, it starved the banks (Lehman even collapsed) that forced them to sell and made the cards that we call market, collapse.
http://www.macrotrends.net/1448/fed-balance-sheet-vs-gold-price The Fed balance sheet was still rising steadily before Lehman. Then all it took to bring the house of cards down was a rise in interest rates.
  • #800,636
  • May 23, 2013 7:20am May 23, 2013 7:20am
Quoting kuroro001
{quote} Thanks for the explantion, much appreciated. About your setup...is the setup cancelled if it reaches your potential SL before the setup occurs?
No, the concrete pattern setup isn't cancelled by strictly hitting the (potential) SL level itself.. the anticipated pattern signal may occur later on, since the pattern is just a static price structure in the chart and remains there - so does the signal level, until either a newer, fresh pattern pops up, or until the price goes the complete opposite way and far enough from the signal area to a point where the signal becomes insignificant, since price carves in new structure by then.. And as said, possibly a new, fresh pattern, which then dominates over the previous one. So the patterns and their signals are mechanically identifiable, with no thinking involved, but choosing to take them or pass then along, depending on the overall market structure and wider price action, involves a great deal of human discretion of course - and is the key part.

Mostly I do aim to keep the SL at a technical level however - a level, which is based on the current pattern that I'm trading... so that hitting that stop loss should always be a tell from the market, that the current pattern and the prevalent signal is likely to fail / reverse now - and the price is deciding to go to the other direction instead. Not always, but more often than not that will be the case... But even if a current pattern fakes a signal, or fails to signal at all, for the time being - then entire "trade setup" eg market scenario, as dictated by the trade plan, remains intact until some invalidation criteria of the trade plan is met (such as in this case, price continuing above 2920 or hourly closing 2900+).

So in my methodology, I guess I distinguish between a "trade setup" and a "pattern setup" - first being an overall scenario put together as a trade plan, and the 2nd one being a concrete trade entry opportunity out of a specific fresh price pattern (or even overlapping patterns). The overall "trade setup" is confirmed, or "completed" if you will, by the imminent, intraday price patterns that I take my entries from - the "pattern setups".

Hopefully that wasn't too confusing
Patience, persistence and probabilities.
  • #800,637
  • May 23, 2013 7:21am May 23, 2013 7:21am
YPP at 2909 kissed.
  • #800,638
  • May 23, 2013 7:21am May 23, 2013 7:21am
Dont want to sidetrack thread much, but FED is, well, not easing, but devaluing USD since Bretton woods. Like 40 years or so. So, no, they wont stop devaluating USD, in whatever form.
"I know one thing, that I know nothing." Sokrates
  • #800,639
  • May 23, 2013 7:22am May 23, 2013 7:22am
Quoting kuroro001
{quote} Hadox and its vidz
waiting 2945 mate
looking for investors . pm me
  • #800,640
  • May 23, 2013 7:22am May 23, 2013 7:22am
Quoting SugarPink
I am very suprised at this market reaction of QE tampering so far. very suprised
In how far 'surprised'?

It's more or less just a hint at 'keep going, were not biting'.
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