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  • #971,341
  • Mar 19, 2015 1:45pm Mar 19, 2015 1:45pm
Greek problems are still shadowing over Euro, maybe they are not visible now, but they exist, sooner or later they show up.
  • #971,342
  • Mar 19, 2015 1:45pm Mar 19, 2015 1:45pm
Quoting Tom_D_Trader
{quote} Yup. But it also means they already had contracts on that Oil before attack. Takes some time to write a contract.
Can you point me to any thread that explains the Greater fool theory??
Fall seven times, stand up Eight! #GGMU
  • #971,343
  • Mar 19, 2015 1:46pm Mar 19, 2015 1:46pm
Quoting JimmyC
{quote} Thats a very uncomfortable and valid point
1 + 1 = 2. And I wear a tin foil hat. Biggest winners are biggest Oil importers, biggest looser Russia. This scenario ended up Cold war. Also winners are "anti-terrorist" campaigners and lobbyists. Imo ISIS are bunch of well paid traders. At least leadership.
"I know one thing, that I know nothing." Sokrates
  • #971,344
  • Mar 19, 2015 1:46pm Mar 19, 2015 1:46pm
Gidday Traders

Well in long 1.0685 TP

Thinking it will bounce again:nerd:
  • #971,345
  • Mar 19, 2015 1:49pm Mar 19, 2015 1:49pm
Guess that 1.5 seconds above 1.10 was the moement of truth.


I thought there'd at least be some consolidation lol
Twitter: @TrendersGame
  • #971,346
  • Mar 19, 2015 1:50pm Mar 19, 2015 1:50pm
Quoting vickym
{quote} Can you point me to any thread that explains the Greater fool theory??
Dunno, it is such an old topic - like since 1720 - is still the same. You got a bubble, you know it is overvaluated, but also know you will find greater fool than you, which will buy it later. Its classic bubble - South sea, Tulips, you name it.

Think best strategy for this is to keep it megatight and just do long scalps, while holding few microlots for case of hyperbolic break. Is such a fast move you actually dont need to invest much.

On the other hand, once bubble bursts, youd better have stops in place or you are facked. Always stops.

Quoting Tom_D_Trader
See, it is called: "Greater fool theory" It has its name. See below, is old stuff. To make it publicly known, Daily Telegraph continues. Not that I would read Daily, but story is nice: http://www.telegraph.co.uk/culture/4...ol-theory.html quote: " One of the most striking features of these bubbles is how they tend to be associated with revolutionary innovations. The opening up of the world to trade through sea travel brought the South Sea Bubble (which cost Sir Isaac Newton 20,000 - a very great deal of money in 1720)"...
"I know one thing, that I know nothing." Sokrates
  • #971,347
  • Mar 19, 2015 1:51pm Mar 19, 2015 1:51pm
Quoting Citiboy
Guess that 1.5 seconds above 1.10 was the moement of truth. I thought there'd at least be some consolidation lol
Hi City Boy i love to read yours posts, Market almost retraced to its yesterdays levels, was the move after FOMC was FAKE , please reply
  • #971,348
  • Mar 19, 2015 1:54pm Mar 19, 2015 1:54pm
Quoting Tom_D_Trader
{quote} Whatever, thats Persia smartass.
No, it was Babylonia. Persia is current day Iran.
  • #971,349
  • Mar 19, 2015 1:56pm Mar 19, 2015 1:56pm
Quoting Dr.Zain
{quote} Hi City Boy i love to read yours posts, Market almost retraced to its yesterdays levels, was the move after FOMC was FAKE , please reply

I cant really complain, I made a good amount yesterday on the squeeze and got out near the top, Im just annoyed I didnt get into this move today and actually lost about 15% of what I made yesterday.


FOMC seems to be in a tough spot as the market completely ignored their comments on the Dollar. The only true change at this point is that the USD may be more sensitive to upcoming data, I will be waiting to see Monday's CPI.


Maybe my school will upset win this March Madness game and make things all right in the world lol.
Twitter: @TrendersGame
  • #971,350
  • Mar 19, 2015 1:57pm Mar 19, 2015 1:57pm
Quoting Tom_D_Trader
{quote} Dunno, it is such an old topic - like since 1720 - is still the same. You got a bubble, you know it is overvaluated, but also know you will find greater fool than you, which will buy it later. Its classic bubble - South sea, Tulips, you name it. Think best strategy for this is to keep it megatight and just do long scalps, while holding few microlots for case of hyperbolic break. Is such a fast move you actually dont need to invest much. On the other hand, once bubble bursts, youd better have stops in place or you are facked. Always stops....
Thank you! Would love to see some of your setups if you do not mind sharing charts.
Fall seven times, stand up Eight! #GGMU
  • #971,351
  • Mar 19, 2015 1:57pm Mar 19, 2015 1:57pm
Quoting sakisf
{quote} No, it was Babylonia. Persia is current day Iran.
See guys, I am analyst, not geographer, but think Persian borders changed a lot during history. I just happen to be calling Middle East - Persia, coz dont like the "east" name. See, am brain damaged, coz beeing east of Europe.
"I know one thing, that I know nothing." Sokrates
  • #971,352
  • Mar 19, 2015 2:00pm Mar 19, 2015 2:00pm
Quoting vickym
{quote} Thank you! Would love to see some of your setups if you do not mind sharing charts.
I am gonna give it a shot, but scalping is very fast, so usually I dont manage it in time. But these are basic signals W/D/H4 resist + candle patterns + Stochastic signal. Is not a big deal, normal scalping method.
"I know one thing, that I know nothing." Sokrates
  • #971,353
  • Mar 19, 2015 2:03pm Mar 19, 2015 2:03pm
Quoting Tom_D_Trader
{quote} I am gonna give it a shot, but scalping is very fast, so usually I dont manage it in time. But these are basic signals W/D/H4 resist + candle patterns + Stochastic signal. Is not a big deal, normal scalping method.
That's fine. So you consider candle close to mark R/S, or even the wicks? Sorry, still learning and thus the questions.
Fall seven times, stand up Eight! #GGMU
  • #971,354
  • Mar 19, 2015 2:06pm Mar 19, 2015 2:06pm
Quoting Citiboy
{quote} I cant really complain, I made a good amount yesterday on the squeeze and got out near the top, Im just annoyed I didnt get into this move today and actually lost about 15% of what I made yesterday. FOMC seems to be in a tough spot as the market completely ignored their comments on the Dollar. The only true change at this point is that the USD may be more sensitive to upcoming data, I will be waiting to see Monday's CPI. Maybe my school will upset win this March Madness game and make things all right in the world lol.
Thanks
  • #971,355
  • Mar 19, 2015 2:10pm Mar 19, 2015 2:10pm
Quoting tomas.v
Greek problems are still shadowing over Euro, maybe they are not visible now, but they exist, sooner or later they show up.
I have been reading your comments lately. May I ask why so worried about Greece? I mean its a nearly 6 years old problem and we all know the issue very well.

My question its, we have so many macro and key fundamentals factors (euro and dollar wise) in play that why "bother" with a risk knee jerk reaction play in this particular moment in time.

Sure the Greek drama will be there again in June/July when the money start running out and the new kicking the can agreement must be deal. Probably it will be extended and probably one day by a miracle they will turn things around or more than probably Greece will be expel from the Euro

... but honestly we just had 2 days of nearly 1000 ticks up and down and we are about to start very soon the leg to parity which is another +/-800 ticks more why do we really need Greece for anything else right now? .....

In simple words, talking about Greece right now with massive rates move in play its just not best option for trading .,.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #971,356
  • Mar 19, 2015 2:10pm Mar 19, 2015 2:10pm
Quoting vickym
{quote} That's fine. So you consider candle close to mark R/S, or even the wicks? Sorry, still learning and thus the questions.
Yes, I consider wicks. Closes mark S/R for next closes, but wicks overshoot @ numbers - usually to closes of another timeframe (so its like h4 closes above h4 level, but wick touches daily level). Gotta count them in. Usually, when I am speaking about level overshoot, I am talking wicks. This is one example of entry:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h4.JPG Size: 109 KB
Click to Enlarge Name: m5.JPG Size: 122 KB
"I know one thing, that I know nothing." Sokrates
  • #971,357
  • Mar 19, 2015 2:11pm Mar 19, 2015 2:11pm
Quoting Tom_D_Trader
{quote} Yes, I consider wicks. Closes mark S/R for next closes, but wicks overshoot @ numbers. Gotta count them in. Usually, when I am speaking about level overshoot, I am talking wicks. This is one example of entry: {image} {image}
Appreciate, thanks
Fall seven times, stand up Eight! #GGMU
  • #971,358
  • Mar 19, 2015 2:23pm Mar 19, 2015 2:23pm
Quoting sisse
{quote} I have been reading your comments lately. May I ask why so worried about Greece? I mean its a nearly 6 years old problem and we all know the issue very well. My question its, we have so many macro and key fundamentals factors (euro and dollar wise) in play that why "bother" with a risk knee jerk reaction play in this particular moment in time. Sure the Greek drama will be there again in June/July when the money start running out and the new kicking the can agreement must be deal. Probably it will be extended and probably one day by a miracle...
What about the oil price? if you don't mind me asking
"hope my question makes sense.... does the price of oil affect the EURUSD? I know it does, generally speaking, but in this market condition, isn't the EURUSD price mostly influenced by the ECB and their QE program? "
  • #971,359
  • Mar 19, 2015 2:26pm Mar 19, 2015 2:26pm
Hi guys I was in work today again ... after yesterday loss and lesson I continue with my system and 200 $ recovery for today ... London <3
"I'm not answering stupid questions."
  • #971,360
  • Mar 19, 2015 2:29pm Mar 19, 2015 2:29pm
Quoting Malchi
Hi guys I was in work today again ... after yesterday loss and lesson I continue with my system and 200 $ recovery for today ... London <3
My account will be the same like before FOMC in few days + I have great experience ... ))
"I'm not answering stupid questions."
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