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- Frank76 replied Apr 12, 2012
Different day same game. Setting to BE soon.
- Frank76 replied Apr 11, 2012
Well the thing is that I don't hedge as most people think of it. There are still people who think that they can somehow reduce their risk with hedging which is utter bullshit. I only open stategic position in both direction (and end up hedged at ...
- Frank76 replied Apr 11, 2012
You're welcome! It is the opposit of what most losing trades do (hedging loses). Most beginners will freeze their -100 Pips form 1 Lot short with 1 Lot long. No matter how price moves they will always have that loss and when you close one the the ...
- Frank76 replied Apr 11, 2012
Well if I have a Short position at 1.3400 and price goes down to 1.3300 that's a 100 Pips profit for my short position. Now if I buy @1.3300 and prices goes up 1.3350 my long position is 50 Pips in Profit and my short position from 1.34 is 50 Pips ...
- Frank76 replied Apr 11, 2012
If you mean. Explain more how you are going to enter a long position if it bounces at 3030 that is rather hard. I will wait and see how price reacts at this level (forms a basic Pinbar followed by Bars with higher lows for example). It all depends ...
- Frank76 replied Apr 11, 2012
Looking good sofar. Chances are that we at least touch 1.3030 tomorrow but I don't think we will break it that easily. If it bounces I will try to get a safe long position in there. After that I'm hedged both sides with profit. If it breaks down I ...
- Frank76 replied Apr 11, 2012
With a little bit of luck we might end as a down pin today making a continuation of the downtrend more likely.
- Frank76 replied Apr 11, 2012
If at first you don't succede try again. Hope to see some sharp selloff to take the risk out of the market. Probably when it crosses the last low.
- Frank76 replied Apr 11, 2012
Out BE. There is a good amount of buying coming in at 1.3120. If it makes new highs 3180 seems to be a good place to look for new shorts.
- Frank76 replied Apr 11, 2012
Puh that was close. Missed my stop by 1 Pip. So much for broker stophunting.
- Frank76 replied Apr 11, 2012
Well played my friend!
- Frank76 replied Apr 11, 2012
Just a No Brainer Trade using obvious S/R Levels plus Pinbar. If we close low on H4 we might see a nice rejection on there too. Setting to BE very soon. I'm not that confident, that we will break the bottom that easy this week though.
- Frank76 replied Apr 10, 2012
Try to pull that off with lagging indicators lol. SR is all you need. BEFORE AFTER Consolidating after big selloff last week now.
- Frank76 replied Apr 9, 2012
Not much going on today as expected. Support still holds.
- Frank76 replied Apr 6, 2012
Support and Resistance it just works. Trade well!
- Frank76 replied Apr 5, 2012
Approaching last major support level on Daily Chart. If we don't break it, we will probably see higher prices.
- Frank76 replied Apr 4, 2012
Very interssting Pattern on EURUSD H1. Rising Highs and falling lows. Breakout is building up. I'm waiting for a decent pullback to establish any trades. I'm not buying or selling the bottom of the day.
- Frank76 replied Apr 3, 2012
Still Long. Hope it rallies to 1.3360 at least. Not much going on will call it a day and check my position every now and then. Whish you all good luck.
- Frank76 replied Apr 3, 2012
I love it when a plan comes together! lol Hope all of you are on the train. Not sure if it will break old highs. Watch out what price does at the top of the range might be good place to close and reverse if it doesn't get through.
- Frank76 replied Apr 3, 2012
With close above 1.3315 in 20 Minutes chances for higher prices are very good. H1 Pinbar looking very good at the moment but not closed. Busted out the former low and got rejected now at its highs.