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EURUSD

  • #901,981
  • Jun 2, 2014 3:03am Jun 2, 2014 3:03am
Quoting gatorinla
{quote} something stinks. china #s dont match copper or iron. if china pmi #s are correct. the aud would not have fallen so much. metal prices are showing a shift opposite of what china is selling.
thanks for comments, what about usd? usually good news from china has bad effect on USD, is it right?
  • #901,982
  • Jun 2, 2014 3:05am Jun 2, 2014 3:05am
Quoting milam
{quote} just broke my dtrendline, a touch of the average (if) may push back again for a test of the bulls at the recent low........we see..
with 36 just below the average, seems a bit risky to scalp for the test of the recent low.....or I just shitting myself?
Wherever you go, there you are.
  • #901,983
  • Jun 2, 2014 3:26am Jun 2, 2014 3:26am
sell: 1.36 // sl: 1.37 // tp: 1.33
  • #901,984
  • Jun 2, 2014 3:29am Jun 2, 2014 3:29am
Quoting milam
{quote} with 36 just below the average, seems a bit risky to scalp for the test of the recent low.....or I just shitting myself?

Wherever you go, there you are.
  • #901,985
  • Jun 2, 2014 3:34am Jun 2, 2014 3:34am
EURUSD 1.36 trades for the 4th day in a row -- see what lies ahead and key levels to watch

Daily Forex Trading Outlook

Inserted Video
  • #901,986
  • Jun 2, 2014 3:34am Jun 2, 2014 3:34am
Quoting MaxDoom
{quote} what do you mean by this? {quote} really, can you explain that? {image}
MMs (Market Makers)???
PROredart is not PRO trader
  • #901,987
  • Jun 2, 2014 3:36am Jun 2, 2014 3:36am
Quoting PROredart
{quote} Let's wait, how MMs entry on the market, it's depend with them
Quoting PROredart
{quote} MMs (Market Makers)???
so why would the market makers be making entries on the market and how would you even know?

and even of they were what makes you think their entries are not already made?
  • #901,988
  • Jun 2, 2014 3:42am Jun 2, 2014 3:42am
Quoting MaxDoom
{quote} {quote} so why would the market makers be making entries on the market and how would you even know? and even of they were what makes you think their entries are not already made?
Sir/Madam,

I am new, still learning from your every post/comment. Thank you

In my believe, when MMs entry in the market and market moves their way.

Regards
PROredart
PROredart is not PRO trader
  • #901,989
  • Jun 2, 2014 3:50am Jun 2, 2014 3:50am
Quoting PROredart
{quote} Sir/Madam, I am new, still learning from your every post/comment. Thank you In my believe, when MMs entry in the market and market moves their way. Regards PROredart
I mean no disrespect but that is not what a market maker does, and the term does not really apply to FX as it does other instruments it's a different world...
  • #901,990
  • Jun 2, 2014 3:58am Jun 2, 2014 3:58am
Quoting MaxDoom
{quote} I mean no disrespect but that is not what a market maker does, and the term does not really apply to FX as it does other instruments it's a different world...
OK, check once below link. Thank you

http://www.forexfactory.com/showthre...56#post7278656
PROredart is not PRO trader
  • #901,991
  • Jun 2, 2014 4:03am Jun 2, 2014 4:03am
Profit booked on my scalp long from 1.3604 and 1.3597
Attached Image
PROredart is not PRO trader
  • #901,992
  • Jun 2, 2014 4:04am Jun 2, 2014 4:04am
how you gonna learn from trader(s) has no proof of evidence

Quoting PROredart
{quote} Sir/Madam, I am new, still learning from your every post/comment. Thank you In my believe, when MMs entry in the market and market moves their way. Regards PROredart
My Best Trade is Next Trade!
  • #901,993
  • Jun 2, 2014 4:08am Jun 2, 2014 4:08am
Quoting chazzle
EG H4 Back in EURGBP long here
EG M5

momentum divergence around MAY23/29 mid .... which is good - although may have to wait until tomorrow for more interesting PA
Attached Image (click to enlarge)
Click to Enlarge Name: egm5.PNG Size: 68 KB
Attached Image
  • #901,994
  • Jun 2, 2014 4:29am Jun 2, 2014 4:29am
Quoting MAM.Trader
how you gonna learn from trader(s) has no proof of evidence {quote}
You are correct but they are seniors, old age on FF then High Impact Member sign on username.

I saw you have also very good trading history. Rising chart on your trading account performance, hopefully you will share profitable/valuable trading education on FF. Thank you.

Regards
PROredart
PROredart is not PRO trader
  • #901,995
  • Jun 2, 2014 4:31am Jun 2, 2014 4:31am
Quoting PROredart
{quote} OK, check once below link. Thank you http://www.forexfactory.com/showthre...56#post7278656
what can I say there is a lot of misunderstanding about this, especially in FX...

A MM's income is derived mainly from spreads or commissions not trading, not taking positions etc. the time they take positions is when there is no liquidity in the market they will temporarily provide it, but will get rid of it again at the earliest opportunity.

Say you have company XYZ with 1million shares in float, but nobody is selling, the MM will sell shares to somebody that wants them it means he is going short, but he will then buy to cover his position at the next opportunity ie: the moment somebody is willing to sell some of the shares. His focus is always about the spread and the churn. If they didn't provide this service nobody would buy shares in company XYZ because they would be considered hard to sell again.

In FX we have the interbank network which is where the main participants offer and bid currency, there is so much participation that it is very rare for a MM to provide any liquidity and more importantly there is no legal requirement for them to do so.

Now it is true that some of those participants large banks etc. trade their own investment positions and client investments positions but in doing so they are not being MM they are on a different side of the table being speculators which is a completely different thing. They will also trade large volumes of client orders these are not investments these are true conversions for normally corporate or sovereign affairs.

so whilst, these participants may be taking positions it is not because they are being a MM it is because they are being a speculator. Understanding the players in the market and their roles is really important for success. I hope this clarifies for you.
  • #901,996
  • Jun 2, 2014 4:32am Jun 2, 2014 4:32am
Quoting PROredart
Profit booked on my scalp long from 1.3604 and 1.3597 {image}
good trades.....
Wherever you go, there you are.
  • #901,997
  • Jun 2, 2014 4:35am Jun 2, 2014 4:35am
Quoting MaxDoom
{quote} what can I say there is a lot of misunderstanding about this, especially in FX... A MM's income is derived mainly from spreads or commissions not trading, not taking positions etc. the time they take positions is when there is no liquidity in the market they will temporarily provide it, but will get rid of it again at the earliest opportunity. Say you have company XYZ with 1million shares in float, but nobody is selling, the MM will sell shares to somebody that wants them it means he is going short, but he will then buy to cover his position...
Thank you very much, I got now it.
PROredart is not PRO trader
  • #901,998
  • Jun 2, 2014 4:44am Jun 2, 2014 4:44am
Quoting milam
{quote} with 36 just below the average, seems a bit risky to scalp for the test of the recent low.....or I just shitting myself?
second and last trade of the day, risked 3.8 pips (0.76%) made 5 pips.

Reasons: I was right this time about the 36 level, prices did bounced from the average but bulls were defending the 36 forming a double bottom bull flag, soon after that a trend bull bar with a shaved top was printed, the following small pause bar had also a close above the opening forming together a
bull flag.... I got in 1 pip above the flag....Done trading for the day
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 63 KB
Wherever you go, there you are.
  • #901,999
  • Jun 2, 2014 4:57am Jun 2, 2014 4:57am
Quoting milam
{quote} second and last trade of the day, risked 3.8 pips (0.76%) made 5 pips. Reasons: I was right this time about the 36 level, prices did bounced from the average but bulls were defending the 36 forming a double bottom bull flag, soon after that a trend bull bar with a shaved top was printed, the following small pause bar had also a close above the opening forming together a bull flag.... I got in 1 pip above the flag....Done trading for the day {image}
Which platform is this? I think it's now MT4 or MT5.
PROredart is not PRO trader
  • #902,000
  • Jun 2, 2014 5:05am Jun 2, 2014 5:05am
Quoting milam
{quote} good morning, a failed final flag?
Ooops. Typo. That is 3602. My order executed at 1.36019.
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