Disliked{quote} Who opened the market now? To me, it will open on Tuesday with London Open. ps. London Open is not a squash trophy, its British Open.Ignored
- #843,282
- Oct 13, 2013 1:25pm Oct 13, 2013 1:25pm
- | Membership Revoked | Joined May 2013 | 7,946 Posts
ignore wackos and psychos, including myself. But I can't add myself to iggy
- #843,283
- Oct 13, 2013 1:28pm Oct 13, 2013 1:28pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #843,285
- Oct 13, 2013 1:31pm Oct 13, 2013 1:31pm
- | Membership Revoked | Joined May 2013 | 7,946 Posts
ignore wackos and psychos, including myself. But I can't add myself to iggy
- #843,287
- Oct 13, 2013 1:47pm Oct 13, 2013 1:47pm
- Joined Jun 2013 | Status: Poor Man | 1,085 Posts
The good thing with the future is that it is progressively approaching...
- #843,288
- Oct 13, 2013 1:47pm Oct 13, 2013 1:47pm
- | Membership Revoked | Joined May 2013 | 7,946 Posts
{quote} i go for copper
ignore wackos and psychos, including myself. But I can't add myself to iggy
- #843,289
- Oct 13, 2013 1:48pm Oct 13, 2013 1:48pm
- Joined Nov 2012 | Status: Account Deactivated | 2,737 Posts
{quote} When you have confidence in your chart readings, SL's are not required. I take it you still use them.......................
A capable analyst who was hired by a firm. The analyst explained to his new boss how he could predict turning points by using support and resistance levels. When soybeans price reached a major support level, his boss said to him "OK, what you're saying is that price can go no lower, right?" The analyst said "Absolutely. This is the low of the day". His boss immediately picked up the phone and said "Sell two million beans at market", and within 30 seconds, the soybean price had dropped another 10c. The boss said "Now where did you say price was going to stop? If I can cause that, anybody can."
I'll give you a hint as to who you are in this story - you're definitely not the boss. Process of elimination?
{quote} If it works for you then please add more lagging indicators....Fact is Market Makers who move the price base their trading decisions 40% on fundamentals 16% Technicals rest momentum. Key Moving Average 200 and simple concept of Support and Resistance and price channels. Adding 100 lagging indicators only creates more conflicting signals resulting paralyses. One of the best traders ever Jesse Livermore just read the levels of price if I am not mistaken coined the phrase pivots on price. With more experience gradually traders shed indicators...
Highly recommend this book as well...I haven't gone over it a second time but it was very interesting to read the first!
- #843,290
- Oct 13, 2013 1:49pm Oct 13, 2013 1:49pm
- | Membership Revoked | Joined May 2013 | 7,946 Posts
ignore wackos and psychos, including myself. But I can't add myself to iggy
- #843,291
- Oct 13, 2013 1:55pm Oct 13, 2013 1:55pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #843,292
- Oct 13, 2013 1:57pm Oct 13, 2013 1:57pm
- Joined Oct 2008 | Status: sideline is a position | 105,125 Posts
those who can, do. those who cant, talk about those who can
- #843,293
- Oct 13, 2013 1:58pm Oct 13, 2013 1:58pm
- | Membership Revoked | Joined May 2013 | 7,946 Posts
ignore wackos and psychos, including myself. But I can't add myself to iggy
- #843,294
- Oct 13, 2013 1:59pm Oct 13, 2013 1:59pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #843,296
- Oct 13, 2013 2:08pm Oct 13, 2013 2:08pm
Considering that US banks will be closed Monday in observance of Columbus Day the effects could be of low liquidity and irregular volatility;
But most Forex brokers remain open!
When the banks are closed the market is less liquid and speculators become a more dominant market influence!
This can lead to abnormally. And also the real economy is a much more complicated place and the labor markets are not that competitive anymore allowing employers to pay workers less than they're worth. In those situations, mandated paid time off would have little economic downside... 
But most Forex brokers remain open!
When the banks are closed the market is less liquid and speculators become a more dominant market influence!
This can lead to abnormally. And also the real economy is a much more complicated place and the labor markets are not that competitive anymore allowing employers to pay workers less than they're worth. In those situations, mandated paid time off would have little economic downside...
- #843,298
- Oct 13, 2013 2:16pm Oct 13, 2013 2:16pm
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
EUR$ quite bullish so far, all 15-minute candles green. Is @1,3561 already.
"It's the Margin, Stupid."
- #843,300
- Oct 13, 2013 2:30pm Oct 13, 2013 2:30pm
- | Membership Revoked | Joined May 2013 | 7,946 Posts
{quote} And who is filling the limit & stop orders ?
Limit orders just do not move the market. No matter how big a limit order sits there, it does not move the market. In order to move the market, market orders have to come in and sweep all the limit orders sitting there.
Stop orders when triggered become market orders, which will take off the limit orders from the book.
To simply put, the market is moved by market orders and stop orders.
ignore wackos and psychos, including myself. But I can't add myself to iggy