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04-26-2010, 01:29 AM #32176
I agree with you guys. That's why I asked him to hang in there a give it a chance.
Originally Posted by oztrader
BTW see the recent jump upward? China must be playing around. Rumor has it they did this end of last Friday too. Some crosses are also pulling it along....at least that what some recent news release are saying.
04-26-2010, 01:47 AM #32177
I see the moves up on all the major crosses, but they do not look unusual. Could be China or could be normal market action.
Originally Posted by mechtech
At the moment, the trend on EU is down, so I am looking for a good technical entry point to short the cross. Right now we seem to be in a bit of consolidation. Maybe we will get a break one way or the other when Europe comes online in the next 2hrs.
If it breaks up, then it may give us better opportunities to find a short entry. If it breaks down, then we need to identify a technically good place to place our short entry. There may be a bit of resistance at around 1.3330 (the daily Pivot), but if it gets through there it may go after Friday's low at 1.3202.
Good luck to all. Lets get some pips.
Last edited by oztrader; 04-26-2010 at 01:49 AM.
Reason: bad spelling!!!
04-26-2010, 01:55 AM #32178
You will not be missed. and please keep religion out of forex.
Originally Posted by abboud
04-26-2010, 02:10 AM #32179
PLEASE practise what you preach.
Originally Posted by Uber FX nUblet7
04-26-2010, 03:06 AM #32180
Economic calender updates
been noticing the economic calender sometimes don't get updated even hours after the annoucements, particularly during Asian hours. Any idea why?
04-26-2010, 03:19 AM #32181
I agree with atac..the economic calendar sometimes doesn't get updated
04-26-2010, 03:35 AM #32182
Pull This off the wire
This may be contributing to the current upward movement:
07:19 GBP/USD: 1.5500 Offers Threatened After Fix-Related Buying] London, April 26 (IFR)
Fix-related buying of the pound is being flagged as a factor in cable"s rise to an 11-day high two pips shy of touted offers at 1.5500. There is talk that a quarterly dividend payment might be the source of the fix-related buying, with two names-in-the-frame. One of those names, a UK clearer, will pay a dividend next week (May 5). Another, a UK oil company, will announce its Q1 results at 7am BST tomorrow. The latter name often sells around half-a-yard of USD in the five days preceding its quarterly results announcement (today would be day five of five), and was a rumoured USD seller/GBP buyer last week.
Buy stops were previously tipped above 1.5500, with further offers then noted ahead of 1.5524
04-26-2010, 07:13 AM #32183
Waiting to see 4h bar close back in 10-day 4hr channel before taking a short for the week. Thus far looks like support at former channel resistance.
Last edited by Steve125; 04-26-2010 at 07:16 AM.
04-26-2010, 08:17 AM #32184
Sorry for the response to the confusion on your first post. Stick with this site. There are not too many sites that offer such a diverse practitioner and instructor base to help you get started.
Originally Posted by abboud
I trade standard contracts also, but when I'm targeting 75-100 pip moves , (with a proven strategy) I enter with 3 contracts. Then around 10 pips in the money, I pull 2.5 off and move my stop to 50 pips above my original entry. Now I can follow my trade plan with a riskless trade. There are very few occasions (if you have a decent strategy) that your first trade will never be in the money. Just a tip.
04-26-2010, 09:05 AM #32185
I do, I saw people acting the way you do atac and I took some time away from the forum. The forum shouldn't be subject to your attitude period. I don't want to get into anything, but how you are acting is bad form. It is easy to be hateful towards others because of your own misgivings. I could half understand this kind of posturing by you if abboud was misleading traders or doing something else unethical. But he was giving his pov on how he views his losses and not patronizing anyone. You seem to want to extend your attitude at me as well. Maybe you have a personal problem. Either way it doesn't matter. Play nice or not at all. Others agree so you can stop the nonsense already.
Originally Posted by atac
And now, I will not respond to you ever again. But I will comment when people bashing gets out of hand. Happy Trading.
04-26-2010, 09:12 AM #32186
Good Morning Earthicans!
Reviewing the posts this Morning, It looks like We may have been a little too harsh with Abboud. In My defense, it was late and I was tired and had watched a 30 to 40 pip gap evaporate against Me.. He just touched a tender spot with the 15K remark.
A second chance this Morning to regain those Pips while I was catching ZZZZ's, has elevated My Mood.
Steve, My Sage. I'm a little confused by the 2.5 statement. Do You close one position and let the other two ride. That fraction doesn't add up to Me.
04-26-2010, 09:29 AM #32187
Bill, I think he closes two and half of three positions. And let the half lot run it's course.
Originally Posted by bill2759
04-26-2010, 09:49 AM #32188
Good Morning Bill!
Originally Posted by bill2759
First Trade is 300K (3 std. Lots/ 30 mini). Second trade takes 250k off around 10 pips inthe money (10*$25=$250 profit) leaving just 50k ($5 per pip forward) of first trade to my higher risk price target. I have 50 pips (50*$5=$250) breathing room on my entry before I draw down a penny of my pre-trade account balance.
04-26-2010, 09:59 AM #32189
I see! Said the Blindman.
Originally Posted by Steve125
Not quite sure if that style of trading would suit My Personality. I'll have to ponder it awhile.
I have tried two positions. Closed one when into the Money 10 Pips and moved my stop 10 pip increments as it continued in My direction. Of course you always have the Aw Shucks! reaction if it continues a long distance. I coulda doubled My Money, if only.
04-26-2010, 10:05 AM #32190
Saw your count last week but decided to take Friday off
Originally Posted by pivot_call
So I was looking at your chart, and you had three waves for wave 3 and anticipated a three wave move to complete wave 5? So I think your counting the decline from 3691 as a five waver w/ the internals being three wave moves, which resemble a ending diagonal(3-3-3-3-3). Knowing that EDs show up in wave 5s and Cs, was wondering which of the two, you see it as. Your wave 1 has a better correlation with 3419 low(your wave a of 3), as if it's the end of wave 3. My count for the 3522 decline 3201 is a hot mess. So your depiction of a ED, makes my count legible. I think I've seen a couple counts like the one below in the EW forum, I think JahDave has something similar.
PS. The rise from the new low is being restricted by 38.2 of 3691 decline. It has good measurements too, a=c, zigzag.