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  • #1,004,721
  • Jun 27, 2015 2:00pm Jun 27, 2015 2:00pm
Quoting micho
{quote} you said fixed stop loss is not good for you? fixed stop loss is the only thing that can protect your balance when a black swan event happens
Hey Micho,

I apologize if you didn't get my point here about "Fixed Stop-Loss"......Fixed Stop-Loss is when you place a 10 or 20 pips Risk
on every single trade you place.....That mentality might work for EUR/USD, but if you use it for GBP/NZD or GBP/JPY, you will get
stopped out a few seconds later, because of Spread.....It's best to place your Stop-Loss a few pips above the Highest High or a few
pips below the Lowest Low.... That's why it's very IMPORTANT to know where your Stop-Loss is going to be before you make any
Decision. THE ENTRY doesn't matter at this point, because you either MAKE MONEY or LOSE MONEY.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,004,722
  • Jun 27, 2015 2:02pm Jun 27, 2015 2:02pm
Quoting OctaveJay509
{quote} Hey Micho, I apologize if you didn't get my point here about "Fixed Stop-Loss"......Fixed Stop-Loss is when you place a 10 or 20 pips Risk on every single trade you place.....That mentality might work for EUR/USD, but if you use it for GBP/NZD or GBP/JPY, you will get stopped out a few seconds later, because of Spread.....It's best to place your Stop-Loss a few pips above the Highest High or a few pips below the Lowest Low.... That's why it's very IMPORTANT to know where your Stop-Loss is going to be before you make any Decision. THE ENTRY...
i agree man
When life gives you lemons, make lemonade
  • #1,004,723
  • Jun 27, 2015 2:02pm Jun 27, 2015 2:02pm
Quoting janpec1000
{quote} Greexit should be considered as fear event. Currencies drop on fear events, only Gold goes up. If there would be vote tomorrow for Greece, Spain and Portugal to leave EU and you put gun to my head, by no means i would put long on EUR. No way. Market wouldnt react positive.
Yeah I agree with this "Fear " thing due to political changes in eur zone. The "Fear " is not like NFP, a Fundamental event.

Political effect is more than Fundas.
Intraday only.
  • #1,004,724
  • Jun 27, 2015 2:08pm Jun 27, 2015 2:08pm
Quoting micho
{quote} i am null at fundamentals but let's think this way: greece is out of the EU --> Any country might decide to leave EU --> EU is a union, if the union becomes smaller and smaller it will become weaker. the larger the union is the stronger --> more uncertainty in the future of EU --> EURO will fall greece remains in EU --> more bailout plans --> more suffering of EU economy --> EURO will fall so in my opinion whatever happens EURO will fall... that is my opinion logically because i suck at fundamentals now technically, we should not go anywhere...
Fundamentally eur is weak but the latest economic numbers from US also not very encouraging which has made eur to recover from 1.0500 levels to 1.14xx.

Some kind of balance is there between the two, otherwise we would have seen the parity much earlier.
Intraday only.
  • #1,004,725
  • Jun 27, 2015 2:13pm Jun 27, 2015 2:13pm
Guys, what kind of gap we will see on sunday opening? Is this greece excuse create down or up gap? 50 or 500 pip?
  • #1,004,726
  • Jun 27, 2015 2:15pm Jun 27, 2015 2:15pm
Quoting Naokia980
Guys, what kind of gap we will see on sunday opening? Is this greece excuse create down or up gap? 50 or 500 pip?
who can predict?

As some one said, it is "Fear" thing. If any kind of agreement reached on Sunday ( even extension to Bail out program by a month ), that may push the eur up temporarily.
Intraday only.
  • #1,004,727
  • Jun 27, 2015 2:55pm Jun 27, 2015 2:55pm
Quoting Naokia980
Guys, what kind of gap we will see on sunday opening? Is this greece excuse create down or up gap? 50 or 500 pip?
I would say down. But not 500 pips, more close to 50. The real move should be on referendum vote.
  • #1,004,728
  • Jun 27, 2015 2:58pm Jun 27, 2015 2:58pm
Quoting janpec1000
{quote} I would say down. But not 500 pips, more close to 50. The real move should be on referendum vote.
i agree on referendum day i expect the type of moves GBP had on Scottish referendum...
  • #1,004,729
  • Jun 27, 2015 3:04pm Jun 27, 2015 3:04pm
it is possible to stay between 05 & 15 till september ! Fed and Ecb looks confirtible eu around 1.10 so ..
  • #1,004,730
  • Jun 27, 2015 3:08pm Jun 27, 2015 3:08pm
Quoting ffleo
{quote} which ECN you moved to? How you feel about the ECN for the time being?
typo, meant to say if. Was on my way to citi, but they moved to FXCM. Now they offer the ecn...or so they say. At least they offer commission based trading....but until I can utilize their private client group, I'll refrain.

A broker that went insolvent during the SNB problem is not necessarily the broker I want to be with though...

Quoting janpec1000
{quote} If you trade a lot its worth getting rebate / commission reduction also. For scalping especially. I am as low as possible on ICM, 4 per position and it makes large difference from standard 7 USD.
Two trades a day or so most recently...which is more than usual. For my scalping account. I'd be doing about twice as well if I was....usually start out about a pip to 3 behind.
  • #1,004,731
  • Jun 27, 2015 3:13pm Jun 27, 2015 3:13pm
coming soon , maybe even dont get the call and wake up with negative balance .
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  • #1,004,732
  • Jun 27, 2015 3:44pm Jun 27, 2015 3:44pm
Quoting edyraper
coming soon , maybe even dont get the call and wake up with negative balance . {image}
http://translate.google.com/translat...html&sandbox=1
  • #1,004,733
  • Jun 27, 2015 3:48pm Jun 27, 2015 3:48pm
Quoting edyraper
coming soon , maybe even dont get the call and wake up with negative balance . {image}

That was an awesome movie !
  • #1,004,734
  • Jun 27, 2015 4:00pm Jun 27, 2015 4:00pm
Quoting navk
{quote} who can predict? As some one said, it is "Fear" thing. If any kind of agreement reached on Sunday ( even extension to Bail out program by a month ), that may push the eur up temporarily.
There will be no agreement this weekend, its already a done deal. Greece is a masculine country where "proud" plays an important role.. They do not say one thing today and the next day the other since it will hurt their proudness.
  • #1,004,735
  • Jun 27, 2015 4:27pm Jun 27, 2015 4:27pm
Quoting Pharm0r
{quote} typo, meant to say if. Was on my way to citi, but they moved to FXCM. Now they offer the ecn...or so they say. At least they offer commission based trading....but until I can utilize their private client group, I'll refrain. A broker that went insolvent during the SNB problem is not necessarily the broker I want to be with though... {quote} Two trades a day or so most recently...which is more than usual. For my scalping account. I'd be doing about twice as well if I was....usually start out about a pip to 3 behind.
Ah two trades a day You shouldnt even bother then. I am at 50 per day to make significant impact with rebates.
  • #1,004,736
  • Jun 27, 2015 4:28pm Jun 27, 2015 4:28pm
Quoting Robertk
{quote} There will be no agreement this weekend, its already a done deal. Greece is a masculine country where "proud" plays an important role.. They do not say one thing today and the next day the other since it will hurt their proudness.
What a load of bollocks. You are living in 200 BC. Is Achiles still popular btw?
  • #1,004,737
  • Jun 27, 2015 4:39pm Jun 27, 2015 4:39pm
Quoting janpec1000
{quote} What a load of bollocks. You are living in 200 BC. Is Achiles still popular btw?
You are basically saying that cultural dimensions somehow are not relevant anymore. You are wrong.. there is a reason why the eurozone failed and that is because when you put multiple completely opposite cultural dimensions with eachother, guess what, its doomed to fail.

Cultural dimensions can even be used to certain extent where they are a predictor of politicy future actions, whether you like it or not. You seem to live in a universal cultural world, are you living in year 2200 by chance?
  • #1,004,738
  • Jun 27, 2015 4:48pm Jun 27, 2015 4:48pm
I hedged my position before Friday closing. Better safe than sorry.
  • #1,004,739
  • Jun 27, 2015 4:53pm Jun 27, 2015 4:53pm
Quoting Robertk
{quote} You are basically saying that cultural dimensions somehow are not relevant anymore. You are wrong.. there is a reason why the eurozone failed and that is because when you put multiple completely opposite cultural dimensions with eachother, guess what, its doomed to fail. Cultural dimensions can even be used to certain extent where they are a predictor of politicy future actions, whether you like it or not.
No you are putting words in my mouth. I never said cultural dimensions are not relevant. Explain how has EU failed? Has it shrunk in size in past few years, has it power been reduced? You are also twisting your first post, posting strenght of Greece people into cultural relevance are two completly different things.
But most of all you fail in your message. EU/EEU is going strong for decades, so your message pretty much goes blind. Its not fading, its increasing, increasing fast and strong. I dont want it, but it is. And with all cultural differences thrown in pot it grows even more. So check your facts. First book that has been published on EU failure that i read (release date) was 1999, so 16 years from that now, has it failed now? And if you are thinking of doom, in trading all it matters is timing, if you are trading doom what is your timing? Are you shorting EU now, and having backspace open for 50 years? If you think its impossible to unite nations of complitely different concepts of nationalities you are wrong. Check history, it is easy done with proper moves. So value of your post = 0. Repost for more constructive info. Thanks. Btw yes 2200 your predictions are true. That is what it probably will be like. The world you live in however is the world without knowledge and information. Learn first.
Oh and to add, cultural differences and whole point of your post fail big. If it would be true, nations would not agree entering EU in first place. So what is your point actually? And national differences have NOTHING to do with situation in Greece. What are you saying?
  • #1,004,740
  • Edited 5:26pm Jun 27, 2015 5:01pm | Edited 5:26pm
Quoting janpec1000
{quote} No you are putting words in my mouth. I never said cultural dimensions are not relevant. Explain how has EU failed? Has it shrunk in size in past few years, has it power been reduced? You are also twisting your first post, posting strenght of Greece people into cultural relevance are two completly different things. But most of all you fail in your message. EU/EEU is going strong for decades, so your message pretty much goes blind. Its not fading, its increasing, increasing fast and strong. I dont want it, but it is. And with all cultural...
Yes Jan, companies see lots of advantages when it comes to import/export regulations and therefore revenues grow. You are however completely forgetting the risks involved when putting multiple cultures together.. May i please remind you that we were on the brink of complete eurozone collapse when all hidden problems Greece had where made public? Do you even know what kind of exposure many investment companies and banks had at that time? Thank god the domino was not triggered at that time considering the exploding government bonds rate everywhere in southern europe.

Edit: ok, i have just seen your edit. You dont seem to know what you are talking about at all. Greece became part of the eurozone because they met certain conditions, yes, but that is not where it went wrong. It went wrong because of toxic mortgages / other hidden toxic assets with a supervisor failing to do their job properly. Add to this a lifestyle where the amount of tax avoidance is huge... But anyway, if cultural dimensions dont have to do anything with the current state we are in, how come southern europe shares all the same cultural dimensions while northern europe is doing just fine? A coincidence?
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