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  • #942,681
  • Dec 10, 2014 6:47pm Dec 10, 2014 6:47pm
Quoting OnlineAddict
{quote} Well, I think you will make profit if you are short from here and don't hold for too long...if it was me, I would close the trade between 2350-2400, if we go there.
man for me its only SL .. - 40 ... or lower low there is no compromise
"I'm not answering stupid questions."
  • #942,682
  • Dec 10, 2014 6:51pm Dec 10, 2014 6:51pm
Quoting vidhyaking
{quote} what big fundamental news is that sir
First "red" news this week, if you check FF's calendar.
Everyone can see the chart, but only a few can actually read it.
  • #942,683
  • Dec 10, 2014 6:53pm Dec 10, 2014 6:53pm
yeas this may have a very big inpact on market ... it can reverse trend
"I'm not answering stupid questions."
  • #942,684
  • Dec 10, 2014 6:59pm Dec 10, 2014 6:59pm
Quoting Malchi
yeas this may have a very big inpact on market ... it can reverse trend
The ironic thing is, it probably doesn't even matter what the LTRO number says...the banks have surely pending orders waiting and they will take it wherever they want. My guess would be down, but maybe one final run upwards first to target the orders? We will see...I will stay out unless there is some crazy good opportunity, like another 100 pips up before the news are released.
Everyone can see the chart, but only a few can actually read it.
  • #942,685
  • Dec 10, 2014 7:03pm Dec 10, 2014 7:03pm
Quoting fxtyrant
{quote} ask yourself this. heard any news during the week that is supportive of EURO? lots of people selling the EURUSD, the big boys are just doing what they do best. killing these unconvincing shorts before the let the damn thing continue down.
i agree... 100%
  • #942,686
  • Dec 10, 2014 7:04pm Dec 10, 2014 7:04pm
Quoting OnlineAddict
{quote} The ironic thing is, it probably doesn't even matter what the LTRO number says...the banks have surely pending orders waiting and they will take it wherever they want. My guess would be down, but maybe one final run upwards first to target the orders? We will see...I will stay out unless there is some crazy good opportunity, like another 100 pips up before the news are released.
It will will tells ECB how much banks want provide ... and it tells how many EUR they will print I hope no-one trust euro now
"I'm not answering stupid questions."
  • #942,687
  • Dec 10, 2014 7:06pm Dec 10, 2014 7:06pm
Quoting fxtyrant
{quote} buddy 1.2455 got initially broken, but we need a confirmation candle. often one that dips back down to the 1.2455 to see if its a broken resistance turned support. if it turned support then yes bears have a reason to worry. right now i dont see the confirmation candle form yet. dont be too surprised if stop runs are over once 1.25 is taken out. than the EURUSD might fall back down to test that 1.2450 they're running stops at the best time possible... Asia.....
do they make money off stop runs?? if you can elaborate on this please
  • #942,688
  • Dec 10, 2014 7:10pm Dec 10, 2014 7:10pm
Quoting Malchi
{quote} It will will tells ECB how much banks want provide ... and it tells how many EUR they will print I hope no-one trust euro now
I know what the number is about...what I meant is, it probably won't change EU's tomorrow's destiny.
Everyone can see the chart, but only a few can actually read it.
  • #942,689
  • Dec 10, 2014 7:13pm Dec 10, 2014 7:13pm
Quoting OnlineAddict
{quote} I know what the number is about...what I meant is, it probably won't change EU's tomorrow's destiny.
well fundamentally wise whatever the number is... positive or negative its river deep mountain high... or am i wrong?
  • #942,690
  • Dec 10, 2014 7:15pm Dec 10, 2014 7:15pm
Quoting Liam0530
{quote} do they make money off stop runs?? if you can elaborate on this please
Well they minimise their risk exposure to a certain currency. Because think about this... When the retail traders short eurusd, somebody has to offer you at a buy price say u short at 1.27 the banks hold the buy at 1.27 for that order to run....
Thry start off already charging you fees and swaps, but if they dont like to hold onto the eurusd, they will most likely "pump&dump" the eurusd so they can get out at a better price in their eyes....
Woth the fees and comission they charge you their break even is around 1.2680 so yea if they manage to pump and exit at 1.27 they profit. But very often they see you short at 1.27 they will pump it to the stops of the retailers like 1.2750 sooo they make 50 pips plus fees and commission they made from executing your short order
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #942,691
  • Dec 10, 2014 7:30pm Dec 10, 2014 7:30pm
strange 1.25 stops not runned...
Must be a major resistance 1.2495?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #942,692
  • Dec 10, 2014 7:31pm Dec 10, 2014 7:31pm
Quoting fxtyrant
strange 1.25 stops not runned... Must be a major resistance 1.2495?
1.25 is game changer...maybe thats why it wasn't hit...2499 would be fine, but even that 1 pip makes a big difference.
Everyone can see the chart, but only a few can actually read it.
  • #942,693
  • Dec 10, 2014 7:37pm Dec 10, 2014 7:37pm
Quoting OnlineAddict
{quote} 1.25 is game changer...maybe thats why it wasn't hit...2499 would be fine, but even that 1 pip makes a big difference.
Like i said daily closed above trendline yesterday but need to see if that trendline is truly broken on a confirmation candle, that trendline has acted as resistanve and now we need a daily candle that touches this broken resistance and bounce off it and close above it to confirm broken...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #942,694
  • Dec 10, 2014 7:39pm Dec 10, 2014 7:39pm
I didn't expect Asia to test the high. I am not comfortable with this move. I will increase my profit margin by moving my SL closer to NY close (2448). TP is LON open.
  • #942,695
  • Dec 10, 2014 7:42pm Dec 10, 2014 7:42pm
Quoting Magicmen
I didn't expect Asia to test the high. I am not comfortable with this move. I will increase my profit margin by moving my SL closer to NY close (2448). TP is LON open.
Asia Pump, London Dump
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #942,696
  • Dec 10, 2014 7:43pm Dec 10, 2014 7:43pm
Quoting fxtyrant
{quote} Asia Pump, London Dump
Very true. That's the reason, I will keep my TP open till LON open.
  • #942,697
  • Dec 10, 2014 7:47pm Dec 10, 2014 7:47pm
Quoting Magicmen
{quote} Very true. That's the reason, I will keep my TP open till LON open.
but it was funny to see the less experienced traders here panicking earlier....
reminds me of my reminiscent self when i began trading when i was 16...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #942,698
  • Dec 10, 2014 7:53pm Dec 10, 2014 7:53pm
Quoting fxtyrant
{quote} but it was funny to see the less experienced traders here panicking earlier.... reminds me of my reminiscent self when i began trading when i was 16...
wow ... respect man .. I have 20 .. I started February 2014 ..there I was still 19 ... this year was full of pain to understand markets... searching holy grail .. search good system to use ... like priceaction etc .. tests ... ohh ... but i never wanted give up ... this is so atractive job ... for me .. i will never give up i see very big movement last 3 months but always is here something new to learn
"I'm not answering stupid questions."
  • #942,699
  • Dec 10, 2014 7:53pm Dec 10, 2014 7:53pm
I am short 1.2475
"I'm not answering stupid questions."
  • #942,700
  • Dec 10, 2014 7:55pm Dec 10, 2014 7:55pm
Quoting Malchi
{quote} wow ... respect man .. I have 20 .. I started February 2014 ..there I was still 19 ... this year was full of pain to understand markets... searching holy grail .. search good system to use ... like priceaction etc .. tests ... ohh ... but i never wanted give up ... this is so atractive job ... for me .. i will never give up i see very big movement last 3 months but always is here something new to learn
well i wouldnt be where i am today if it wasnt thanks to a mentor i got.
taught me all the tricks about the forex market...
first lesson he taught me was patience. and to realize that the forex market is a game played by the big boys. so learn what the big boys are thinking, get an idea what they maybe doing then you'll succeed.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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