new low.. still long?
- #1,047,262
- Dec 29, 2015 8:13am Dec 29, 2015 8:13am
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Be hopeful in a winning position, and fearful in a losing position.
- #1,047,263
- Dec 29, 2015 8:15am Dec 29, 2015 8:15am
- Joined Oct 2008 | Status: sideline is a position | 105,146 Posts
those who can, do. those who cant, talk about those who can
- #1,047,264
- Dec 29, 2015 8:15am Dec 29, 2015 8:15am
- | Joined Jun 2013 | Status: Trader | 1,144 Posts
LONG
- #1,047,265
- Dec 29, 2015 8:17am Dec 29, 2015 8:17am
This down move hurts me hardly!
Alwasy expect the unexpected....
Alwasy expect the unexpected....
- #1,047,267
- Dec 29, 2015 8:37am Dec 29, 2015 8:37am
- Joined Oct 2008 | Status: sideline is a position | 105,146 Posts
those who can, do. those who cant, talk about those who can
- #1,047,268
- Dec 29, 2015 8:42am Dec 29, 2015 8:42am
- Joined Dec 2015 | Status: Trader | 2,405 Posts
{quote} yeah, 09549. it is under it.. now closes above 0911 may push the 0954 test..or vice versa for bears toward 0869.. between the 2 is 0911.x... the atm london close,
thank you.
- #1,047,270
- Dec 29, 2015 9:14am Dec 29, 2015 9:14am
- Joined Oct 2008 | Status: sideline is a position | 105,146 Posts
those who can, do. those who cant, talk about those who can
- #1,047,271
- Dec 29, 2015 9:22am Dec 29, 2015 9:22am
A Ship in Harbor Is Safe, But that Is Not What Ships Are Built For.
- #1,047,272
- Dec 29, 2015 10:56am Dec 29, 2015 10:56am
- Joined Dec 2014 | Status: Klugscheißer | 8,318 Posts
- #1,047,275
- Dec 29, 2015 12:12pm Dec 29, 2015 12:12pm
- Joined Dec 2008 | Status: Trader | 2,931 Posts
persistence and determination alone are omnipotent
- #1,047,276
- Dec 29, 2015 1:44pm Dec 29, 2015 1:44pm
The obvious problem with the "buy below 1.1" idea is, once it gets near 1.1.. who is going to buy above? 
That's why I got flat once it just didn't want to go further. It appears that once price stalls near highs, trailing stops and such pile below to protect profits and those wanting to enter at lower price put in pending buy orders. The market makers notice this stuff and see that a largest amount of commissions/spread profit would be generated if market moved lower. Where it will go after it drops down well who knows.
That's why I got flat once it just didn't want to go further. It appears that once price stalls near highs, trailing stops and such pile below to protect profits and those wanting to enter at lower price put in pending buy orders. The market makers notice this stuff and see that a largest amount of commissions/spread profit would be generated if market moved lower. Where it will go after it drops down well who knows.
- #1,047,278
- Dec 29, 2015 2:10pm Dec 29, 2015 2:10pm
The obvious problem with the "buy below 1.1" idea is, once it gets near 1.1.. who is going to buy above?
I looked at Oanda and Saxo and noticed this earlier. Basically both have almost identical buy order around 1.0680.
A ride down to sub 1.07?
- #1,047,279
- Dec 29, 2015 2:42pm Dec 29, 2015 2:42pm
AB=CD seems to be forming before shooting down, pending sell is in place to catch the yummy 61% 
A Ship in Harbor Is Safe, But that Is Not What Ships Are Built For.
- #1,047,280
- Dec 29, 2015 2:54pm Dec 29, 2015 2:54pm
{quote} I don't know your strategy (trading timeframe etc) but from a daily point of view there is lots of resistance in the 0.735X - 0,7435 area. fib retracepoints 76.8 + 88.6 fib extention 423.6 trendline A resistance A {image}
A Ship in Harbor Is Safe, But that Is Not What Ships Are Built For.