In the end its just a stupid numbers game
- #851,142
- Nov 7, 2013 7:02am Nov 7, 2013 7:02am
- Joined Jan 2012 | Status: Trader | 1,005 Posts
Today is the day for big Gold Bull !!! Buy anything 1308-1318 for God's sake !
- #851,143
- Nov 7, 2013 7:03am Nov 7, 2013 7:03am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
Laughing all the way to the bank with EU shorts and EUR/NOK shorts
New voice message: Why are you calling me? If I need you, I'll call you!
- #851,144
- Nov 7, 2013 7:03am Nov 7, 2013 7:03am
- Joined Nov 2012 | Status: Account Deactivated | 2,737 Posts
- #851,145
- Nov 7, 2013 7:03am Nov 7, 2013 7:03am
- Joined Feb 2011 | Status: building a shortfolio | 2,418 Posts
Twitter: @TrendersGame
- #851,148
- Nov 7, 2013 7:05am Nov 7, 2013 7:05am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
, I have almost deleted my drawdown.edit: For those 580 people online, see, if you were watching news, you wouldnt be searching wtf is happening.
"I know one thing, that I know nothing." Sokrates
- #851,149
- Nov 7, 2013 7:06am Nov 7, 2013 7:06am
- Joined Feb 2011 | Status: building a shortfolio | 2,418 Posts
Twitter: @TrendersGame
- #851,150
- Nov 7, 2013 7:07am Nov 7, 2013 7:07am
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
- #851,152
- Nov 7, 2013 7:08am Nov 7, 2013 7:08am
- Joined Sep 2009 | Status: Trader | 1,027 Posts
{quote}why i am not trusting my self when it comes to long term trade ?
I want to buy PATIENCE
- #851,154
- Nov 7, 2013 7:10am Nov 7, 2013 7:10am
- Joined Nov 2012 | Status: Account Deactivated | 2,737 Posts
I guess I am just trying to figure out what exactly happened when. At 7:45:00 Price blipped lower to about 1.347x, then bounced to 1.349x, Then about 20 seconds later itsuddenly plunged 140 points to 1.3360. This was all AFTER 7:45:00
ECB rate cuts are often delayed from the exact time posted by seconds to a minute~ish. The drop-and-spread-widen mess that happened seconds before news is liquidity draining from the market as people pull orders and turn off algos in preperation. Same happens during the news release, an influx of sells followed by a pulling of any buy order causing this massive spike drop down. My understanding is now it dropped so hard from all the day-trading, it has basically hit a wall of buying from an institutional side of things, big funds, banks, pension funds, etc. along with a "it's gone so far, bag the profits" short covering at what is an obvious key level. This is where we have to figure out how far it will bounce up before it sells off again.
p.s. and as a side note, 617 traders viewing this thread .. I guess people's MT4 alarms are going crazy now
p.p.s and to answer the question about who got filled and where I was hammering sell all the way down and wasn't filled until it had already dropped 100 points, I collected 20 pips and ditched the sell as it's too low down and gives no protection against a bounce which could bring us halfway back again for all I know. At this point it's moved so far I really don't know where to re-enter so I am going to leave it to settle off and create some meaningful PA I can read even if I miss out on more drop.
- #851,158
- Nov 7, 2013 7:11am Nov 7, 2013 7:11am
{quote} Yep, lucky. Really didn't expect that but it will teach me in the future to close all positions before a rate announcement
- #851,160
- Nov 7, 2013 7:13am Nov 7, 2013 7:13am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
{quote} GJ Whalie
New voice message: Why are you calling me? If I need you, I'll call you!