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Oktoberfest Nightclub

  • #3,341
  • Mar 28, 2014 2:23am Mar 28, 2014 2:23am
Quoting hadox
back at 7x in the euro, sooo either this was a pullback for the bears or maybe the bounce from the bulls at 4x was legit? a daily close above 1.375x would make me consider buying down there, a close under would just confirm the bears more IMO.. anyway, until then, I'm just watching the ping pong between the S & R..
we didn't close above 5x, but we're still sitting at a bit of support in my books.. but the fact we didn't closed above 5x still helps the bears I guess.. it's friday so anything can happen, if we break the S, I'm watching 1.368x/4x, but don't know if it's going to happen though..

still waiting for cable to test 1.665x & waiting for the dax to test of 955x..
Patience is a virtue...
  • #3,342
  • Mar 28, 2014 2:38am Mar 28, 2014 2:38am
Another great read by AEP...
"Mr Putin is discovering that global finance is more frightened of the US Securities and Exchange Commission than Russian T90 tanks."

http://www.telegraph.co.uk/finance/c...le-pincer.html
Fail better.
  • #3,343
  • Mar 28, 2014 3:17am Mar 28, 2014 3:17am
morning, short BUNDS @ 144

BUNDS H1:
Attached Image (click to enlarge)
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Don't be a hero. Don't have an ego. Always question yourself
  • #3,344
  • Mar 28, 2014 3:49am Mar 28, 2014 3:49am
Quoting USD-Bear
morning, short BUNDS @ 144 BUNDS H1: {image}
Morning bear, always wanted to ask: are Bunds the only bonds you trade, and how?
Fail better.
  • #3,345
  • Mar 28, 2014 3:53am Mar 28, 2014 3:53am
po long EU @3692, midsize.
Fail better.
  • #3,346
  • Mar 28, 2014 4:19am Mar 28, 2014 4:19am
Quoting LarryDarrell
{quote} Morning bear, always wanted to ask: are Bunds the only bonds you trade, and how?
Hi Larry,
well my platform is FXCM active Traders, it only offers German BUND for bonds so that's the one I'm trading, if US-Treasury Bonds would be available I would prefer those. BUNDS are based on future contracts currently the June contract expiring on the 5th of June. If I have a position on that day the position will automatically be closed on that day, so have to take a new one if I want to prolong.
There is a fixed spread of 3 pips and no rollover-costs.
The future is based on a basket of German Bunds with a duration of 10 years.
There is some 200 pips difference between 3-months future and cash price (future higher) to be dealt with.
Current price represents an interest rate of appr. 1,53% so with my shorts betting on higher interest rates.
Positions are holding positions, prepared adding on them until 145
Hope this clarifies things.
Don't be a hero. Don't have an ego. Always question yourself
  • #3,347
  • Mar 28, 2014 4:38am Mar 28, 2014 4:38am
Quoting USD-Bear
{quote} Hi Larry, well my platform is FXCM active Traders, it only offers German BUND for bonds so that's the one I'm trading, if US-Treasury Bonds would be available I would prefer those. BUNDS are based on future contracts currently the June contract expiring on the 5th of June. If I have a position on that day the position will automatically be closed on that day, so have to take a new one if I want to prolong. There is a fixed spread of 3 pips and no rollover-costs. The future is based on a basket of German Bunds with a duration of 10 years....
Hi bear, interesting to hear that you use FXCM. Seems as one of the few reputable brokers around. I already considered to open a new account with them in some time. But if you have fixed spread, it seems to be a dealing desk where a conflict of interests might occur. I think i want to choose the non dealing desk where they promise no requotes and no deals against customers.
Fix up, trade sharp ...
  • #3,348
  • Mar 28, 2014 4:52am Mar 28, 2014 4:52am
Quoting Hickson
{quote} Hi bear, interesting to hear that you use FXCM. Seems as one of the few reputable brokers around. I already considered to open a new account with them in some time. But if you have fixed spread, it seems to be a dealing desk where a conflict of interests might occur. I think i want to choose the non dealing desk where they promise no requotes and no deals against customers.
Hi Hickson,
you can choose, I have a NDD No Dealing Desk account no requotes.
Good broker, had some problems in the beginning which were solved.
Just investigate in the type of account, Active Trader best I think, but needs some capital.
They even supplied me with a Virtual Private Server to use in case there are any internet problems, really great.
Don't be a hero. Don't have an ego. Always question yourself
  • #3,349
  • Mar 28, 2014 5:00am Mar 28, 2014 5:00am
Quoting USD-Bear
{quote} Hi Hickson, you can choose, I have a NDD No Dealing Desk account no requotes. Good broker, had some problems in the beginning which were solved. Just investigate in the type of account, Active Trader best I think, but needs some capital. They even supplied me with a Virtual Private Server to use in case there are any internet problems, really great.
Yes, really great service. I am just afraid that you cannot open an active trader account under 10 000 $. An amount way too high for me. So I might stick to my other micro accounts first. Do you use their trading station or the MT 4?
Fix up, trade sharp ...
  • #3,350
  • Mar 28, 2014 5:01am Mar 28, 2014 5:01am
Quoting USD-Bear
If I have a position on that day the position will automatically be closed on that day, so have to take a new one if I want to prolong. ... Positions are holding positions, prepared adding on them until 145 Hope this clarifies things.
Thank you. About the prolonging, so if you are in a negative position you would take the loss and manually open a new one, or would this be somehow automatic? Sounds interesting, futures is a new field for me (although they influence all our trading...).
Fail better.
  • #3,351
  • Mar 28, 2014 5:05am Mar 28, 2014 5:05am
Quoting Hickson
{quote} Yes, really great service. I am just afraid that you cannot open an active trader account under 10 000 $. An amount way too high for me. So I might stick to my other micro accounts first. Do you use their trading station or the MT 4?
running Trading Station accustomed to it but can use both
Don't be a hero. Don't have an ego. Always question yourself
  • #3,352
  • Mar 28, 2014 5:06am Mar 28, 2014 5:06am
Quoting LarryDarrell
{quote} Thank you. About the prolonging, so if you are in a negative position you would take the loss and manually open a new one, or would this be somehow automatic? Sounds interesting, futures is a new field for me (although they influence all our trading...).
that's it, taking the loss they do, opening a new one you do
Don't be a hero. Don't have an ego. Always question yourself
  • #3,353
  • Mar 28, 2014 5:55am Mar 28, 2014 5:55am
looking at GOLD, 1300 looks critical, a close above might turn the move while a close beneath might accelerate it, no positions yet

GOLD H1:
Attached Image (click to enlarge)
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Don't be a hero. Don't have an ego. Always question yourself
  • #3,354
  • Mar 28, 2014 6:55am Mar 28, 2014 6:55am
Quoting USD-Bear
{quote} that's it, taking the loss they do, opening a new one you do
Ok, nice of them... will have a closer look. After forex bonds are the biggest market, and as far as I know the biggest force in the market. I think I have seen you post Bund trades for a few years now, how long do you do it? (Have a curious day today, hope you don't mind)
Fail better.
  • #3,355
  • Mar 28, 2014 7:25am Mar 28, 2014 7:25am
Quoting LarryDarrell
{quote} Ok, nice of them... will have a closer look. After forex bonds are the biggest market, and as far as I know the biggest force in the market. I think I have seen you post Bund trades for a few years now, how long do you do it? (Have a curious day today, hope you don't mind)
np, been in the business for 40 years as investment- analyst and manager.
Now managing my own funds instead of others "full time", forex/cfd's and other leveraged products (which is quiet another story) since 2009
Indeed interest-rates are biggest force in the market but I'm afraid our horizon is too short to give it a dominating influence in forex.
Don't be a hero. Don't have an ego. Always question yourself
  • #3,356
  • Mar 28, 2014 7:27am Mar 28, 2014 7:27am
Waiting for daily close in EUR/AUD. Might form a hammer. With AUD/USD at tough resistance and a disappointment of the speculators who look for more Euro Weakness after measurements by the ECB, this could easily be a grind for hundreds of pips. What do you think guys?
Fix up, trade sharp ...
  • #3,357
  • Mar 28, 2014 8:25am Mar 28, 2014 8:25am
Quoting USD-Bear
{quote} np, been in the business for 40 years as investment- analyst and manager. Now managing my own funds instead of others "full time", forex/cfd's and other leveraged products (which is quiet another story) since 2009 Indeed interest-rates are biggest force in the market but I'm afraid our horizon is too short to give it a dominating influence in forex.
My hat is off to you, mighty impressed. Well, I will do a bit research of my own, and might have some questions for you in a few months time. Thank you for your answers!

@Hickson: makes sense, but I'm not touching EA long. Have a bunch of pending shorts, but I won't burn money trying (another time) to predict the low, especially with negative swap (allergic to it). We might see another try of Stevens to jawbone the currency, but I have .95 in AU as a quite realistic target. And I would like to see 1.0 again, but that might be too much, especially as that might mean 2000 in S&P as well
Fail better.
  • #3,358
  • Mar 28, 2014 8:47am Mar 28, 2014 8:47am
Quoting LarryDarrell
UJ: second po long triggered at 101.75, this now sl = be, the other one tp set at 102.57.
tp on the first, partial on the second with 90 pips. AJ of course deeply red.
Fail better.
  • #3,359
  • Mar 28, 2014 8:51am Mar 28, 2014 8:51am
Quoting LarryDarrell
{quote} My hat is off to you, mighty impressed. Well, I will do a bit research of my own, and might have some questions for you in a few months time. Thank you for your answers! @Hickson: makes sense, but I'm not touching EA long. Have a bunch of pending shorts, but I won't burn money trying (another time) to predict the low, especially with negative swap (allergic to it). We might see another try of Stevens to jawbone the currency, but I have .95 in AU as a quite realistic target. And I would like to see 1.0 again, but that might be too much, especially...
zTrue, better to wait until next week. Then the RBA will pull down their pants.
Fix up, trade sharp ...
  • #3,360
  • Mar 28, 2014 9:32am Mar 28, 2014 9:32am
Quoting USD-Bear
{quote} np, been in the business for 40 years as investment- analyst and manager. Now managing my own funds instead of others "full time", forex/cfd's and other leveraged products (which is quiet another story) since 2009 Indeed interest-rates are biggest force in the market but I'm afraid our horizon is too short to give it a dominating influence in forex.
wow, very impressive Bear..
Patience is a virtue...
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