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Previously on "Nine Euro Nations’ Ratings Cut, Seven Affirmed by S&P"
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US holiday....
favourite sport on a holiday is hours of consolidation followed by a stophunt or short squeeze.
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The crash seems to be a bit of a damp squib, in fact the Euro is up on the pound.
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Originally posted by Freamon View PostAnything going on?
In other news suity predicts a run on the French banks, BNP Paribas and Soc Gen this morning
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Originally posted by SantaClaus View PostOver the shorter time horizons, the market is technical and 100% manipulated. Look at a chart and see how many times a low or high was spiked out, only for price to promptly turn the other way against the "trend".
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Originally posted by suityou01 View PostPre-market? Is this actual values that would indicate the opening behaviour?
Edit : While I appreciate the warning, I am also interested in picking your brains as to how to profit from this situation. Do you think you could cut out the lofty sneering bit and come up with some alternatives? Short pos on the euro are at record high, I'm thinking of doing the same, so how does this make me mincemeat exactly? So long as I deposit enough cash to sit out the swings the net trend should be down, in theory, right?
Trading with the fundamentals is definitely not the way to go, nor is following the sheep who are all net short. They will get slaughtered.
The market is technical and 100% manipulated. Look at a chart and see how many times a low or high was spiked out, only for price to promptly turn the other way against the "trend".
Once you realise this and trade with the market maker's stop-hunts, you are halfway there.Last edited by SantaClaus; 15 January 2012, 14:16.
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Originally posted by suityou01 View PostPre-market? Is this actual values that would indicate the opening behaviour?
Edit : While I appreciate the warning, I am also interested in picking your brains as to how to profit from this situation. Do you think you could cut out the lofty sneering bit and come up with some alternatives? Short pos on the euro are at record high, I'm thinking of doing the same, so how does this make me mincemeat exactly? So long as I deposit enough cash to sit out the swings the net trend should be down, in theory, right?
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Originally posted by SantaClaus View PostPut your wallet away mate. They will make mincemeat of you.
By the way, guaranteed stops will protect you, but they also help IGIndex to scr£w you as the minimum stoploss distance is something like 30 pips from your entry. so you don't get to move your position to breakeven until 30 pips in profit, whereas a regular stop can be as close as you like.
There is a pre-market that starts on sunday evening around 6pm. Download a demo MT4 platform from OandA and you will see it. Spreads are stupid though.
Oh, and the sunday opening gap is designed to stop out anyone who was stupid enough to hold their position over the weekend.
Edit : While I appreciate the warning, I am also interested in picking your brains as to how to profit from this situation. Do you think you could cut out the lofty sneering bit and come up with some alternatives? Short pos on the euro are at record high, I'm thinking of doing the same, so how does this make me mincemeat exactly? So long as I deposit enough cash to sit out the swings the net trend should be down, in theory, right?Last edited by suityou01; 15 January 2012, 06:35.
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Originally posted by suityou01 View PostWhen is the opening on Sunday?
Edit : So would I open a spreadbet selling EURUSD at £10/pip (with sensible stop loss) before the market opens to profit from this?
By the way, guaranteed stops will protect you, but they also help IGIndex to scr£w you as the minimum stoploss distance is something like 30 pips from your entry. so you don't get to move your position to breakeven until 30 pips in profit, whereas a regular stop can be as close as you like.
There is a pre-market that starts on sunday evening around 6pm. Download a demo MT4 platform from OandA and you will see it. Spreads are stupid though.
Oh, and the sunday opening gap is designed to stop out anyone who was stupid enough to hold their position over the weekend.Last edited by SantaClaus; 15 January 2012, 00:03.
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