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  • #4,361
  • May 21, 2014 9:40pm May 21, 2014 9:40pm
Quoting Olu
{quote} Hi TradingPro99 Welcome to the thread. Thanks for the correction about VPSs. Is there no way that smaller pieces - virtual servers can be insulated by rouge code/application running on another VPS? Olu
No, the beauty of a VPS is that it's a completely isolated environment and is only accessible at the host level. Other virtual private servers cannot access your information or the host level. On a security standpoint, you have nothing to worry about. The main difference is overall stability and consistent performance. You will also typically get a few MS of better latency on the direct machine versus a virtual layer.

If you have any other questions about the technology aspect of it, please let me know.
  • #4,362
  • May 22, 2014 8:00am May 22, 2014 8:00am
Gold rangebound but finding good support from two trendlines. Just the upper resistance line to take out now.
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I have no clue what I'm talking about.
  • #4,363
  • May 22, 2014 5:37pm May 22, 2014 5:37pm
Euro - retracement before more downside?
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If you think you can or cannot do it you are correct
  • #4,364
  • May 22, 2014 6:41pm May 22, 2014 6:41pm
Quoting Olu
Euro - retracement before more downside? {image}
I don't think so Olu.
I think there are too many longs who are trapped and want to get out and too many wannabe shorts who aren't short but who want to get short on a bounce.
But you never know. Might get a bounce from 1.36-1.3630 area that takes us back to 1.37? Maybe, maybe not.
I have no clue what I'm talking about.
  • #4,365
  • May 22, 2014 7:15pm May 22, 2014 7:15pm
http://ashraflaidi.com/forex-news/eu...-cut-cad-leads

The euro closed at a three-month low on Thursday as the reality of rate cuts and the potential for negative deposit rates set in. Bundesbank President Weidmann said the ECB is willing to take additional measures if necessary. Many ECB members have made similar statements but the Germany policymakers are the most hawkish it marks a departure from comments quoted earlier this week when Weidmann said “it's not clear if we even need to act.”

Technically, traders are fixated on Wednesday's spike low of 1.3635 and the 200-day moving average just a pip higher. Reading some commentary from the former director of general market operations at the ECB, he makes a compelling case that the rates market hasn't priced in negative rates yet and it's not particularly close so there could still be some downside ahead of the June 5 decision.

I have just been doing what works, sticking shorts on because I just cannot see a substantial bounce coming before June 5 that won't just be sold into.
Look how quickly the FF traders have flipped. They have been mostly short for months, probably years (but that chart only goes back a few months) and now within days, maybe a couple of weeks, after a few cents of downside, they have flipped. This is typical retail trader behaviour. On the wrong side forever, miss the turn, afraid to jump on because it's moved so far, so do a 180 and start fighting the new trend.
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I have no clue what I'm talking about.
  • #4,366
  • May 22, 2014 7:25pm May 22, 2014 7:25pm
“Despite talk of flagging investor confidence and increased scrutiny of market participants, data from retail brokers show that the retail crowd is more engaged than ever,” - http://www.bloomberg.com/news/2014-0...ing-booms.html

Oh dear. This is really setting up to be a massacre. People really think the Fed has their backs, that this market can't go down; that if it does, it'll be a shallow pullback, a "dip", LOL, and it'll come straight back up. Well it probably will once they launch QE4, but it might have to drop 20% first.

There is so much complacency. Even I had been thinking that any drop will be shallow, but when I see this, it tells me, the little guy has no fear, and so he's probably going to get it from Mr. Market with both barrels.
I have no clue what I'm talking about.
  • #4,367
  • May 23, 2014 6:24am May 23, 2014 6:24am
Quoting Boy Wonder
{quote} I don't think so Olu. I think there are too many longs who are trapped and want to get out and too many wannabe shorts who aren't short but who want to get short on a bounce. But you never know. Might get a bounce from 1.36-1.3630 area that takes us back to 1.37? Maybe, maybe not.
You were right. I put on a small long to take advantage of that if it happened. It did not happen.

My original euro plan was to sell around the 38.2 retracement of this move down for a continuation of the downside action. I will be looking to do that now if the market allows

Olu
If you think you can or cannot do it you are correct
  • #4,368
  • May 23, 2014 6:29am May 23, 2014 6:29am
Quoting Boy Wonder
“Despite talk of flagging investor confidence and increased scrutiny of market participants, data from retail brokers show that the retail crowd is more engaged than ever,” - http://www.bloomberg.com/news/2014-0...ing-booms.html Oh dear. This is really setting up to be a massacre. People really think the Fed has their backs, that this market can't go down; that if it does, it'll be a shallow pullback, a "dip", LOL, and it'll come straight back up. Well it probably will once they launch QE4,...

It is this complacency that will make the downmove more shocking. Your description of 'getting it with both barrels' could turn out to be an under-estimation. Ant I will be trying my very best to profit from it when it comes

Olu
If you think you can or cannot do it you are correct
  • #4,369
  • May 23, 2014 11:40am May 23, 2014 11:40am
Quoting Boy Wonder
“Despite talk of flagging investor confidence and increased scrutiny of market participants, data from retail brokers show that the retail crowd is more engaged than ever,” - http://www.bloomberg.com/news/2014-0...ing-booms.html Oh dear. This is really setting up to be a massacre. People really think the Fed has their backs, that this market can't go down; that if it does, it'll be a shallow pullback, a "dip", LOL, and it'll come straight back up. Well it probably will once they launch QE4,...
Complacency index(aka VIX) can't go much lower and offers good RR atm
  • #4,370
  • May 23, 2014 12:15pm May 23, 2014 12:15pm
On the subject of complacency or volatility - you all might like this.

I could use the old term “this is the calm before the storm,” this would just be opinion but my guess is that it’s probably correct. I think that out of necessity, the markets are being locked down …because “movement” would be a problem. Why is this?

http://blog.milesfranklin.com/a-big-week-recapped
  • #4,371
  • May 25, 2014 12:12pm May 25, 2014 12:12pm
Dollar Index
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If you think you can or cannot do it you are correct
  • #4,372
  • May 25, 2014 12:42pm May 25, 2014 12:42pm
Copper
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If you think you can or cannot do it you are correct
  • #4,373
  • May 25, 2014 1:00pm May 25, 2014 1:00pm
AudUsd daily
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If you think you can or cannot do it you are correct
  • #4,374
  • May 25, 2014 1:36pm May 25, 2014 1:36pm
FTSE100 daily

Possible H&S
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If you think you can or cannot do it you are correct
  • #4,375
  • May 26, 2014 5:23am May 26, 2014 5:23am
it is as 'Bank Holiday' in the UK. Nothing much is happening. Europe is open though and the Dax is up 80. Today could be the day for the retracement I was talking about last week.
If you think you can or cannot do it you are correct
  • #4,376
  • May 26, 2014 7:16am May 26, 2014 7:16am
EurJpy
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If you think you can or cannot do it you are correct
  • #4,377
  • May 26, 2014 7:48am May 26, 2014 7:48am
Going short on GOLD
Be the dragon master...
  • #4,378
  • May 26, 2014 10:57am May 26, 2014 10:57am
Trannies
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I have no clue what I'm talking about.
  • #4,379
  • May 26, 2014 11:00am May 26, 2014 11:00am
Quoting Olu
EurJpy {image}
I agree, 140 looks a good place to try shorts from. I might try a wee long from here gunning for 140. Not sure.
I have no clue what I'm talking about.
  • #4,380
  • May 26, 2014 1:48pm May 26, 2014 1:48pm
Just wondering...will they squeeze the RUT up to form a right shoulder?
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I have no clue what I'm talking about.
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