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- StefanoProdi replied Dec 7, 2008
Yes. This is my position trade with low leverage. SL mental, far from here. But closer than we began the day. I am quite confident and relaxed about this trade.
- StefanoProdi replied Dec 7, 2008
Well I doubt news is the only moving factor in the pair. Especially when we saw the action on news on friday. I am short @1,27 looking for 1,252 being tested - the 4H lower support trendline.
- StefanoProdi replied Dec 4, 2008
it was funny at moments indeed. I was trying to google how the pair behaves if "the football team" has a hangover, but no success... By the way, he avoided all answers on whether there will be another cut in January and were there ...
- StefanoProdi replied Dec 4, 2008
I am short from 1,2686 with half of a position, another half will be added on 1,27. That is it from me today, I made an entry I praid for only two hours ago. Thx JCT!
- StefanoProdi replied Dec 4, 2008
SpecialEd, this should work javascript:window.open('http://www.thomson-webcast.net/de/dispatching/?ecb_081204_stream_video','window_video','resizable=yes,width=1000,height=650');void(0);
- StefanoProdi replied Dec 4, 2008
You are right big time. But that truth cost me big pips in my early stage. Being anxious, runing into and out of the trades that did not fulfill all of neccesary criterias. Now its different, at least MM is better. If I am so anxious, I play the ...
- StefanoProdi replied Dec 4, 2008
Hmm, looks I didnt do my homework this morning... Trendline from November 21 best seen on 30M is in the main role today, supporting the fall. On the other hand, for last two hours lower line of 1H triangle is acting as resistance to growth.
- StefanoProdi replied Dec 4, 2008
I get your point. It indeed tends to be simple in longer term. I have been playing with Fibonacci predicting future... Just boring before rate decision. Have a look. image
- StefanoProdi replied Dec 4, 2008
Bloomberg survey confirmed my thinking that ECB 100bps rate cut is priced in now, according to traders. Altough I have some macroeconomic knowledge and some FX experience, I have no clue where will market go in case of any ECB move. Time for a ...
- StefanoProdi replied Dec 4, 2008
What is the longer term and what is the significant drop to you?
- StefanoProdi replied Dec 4, 2008
These rate decisions today are worst for trading ever I think. No fundie calls for me, just technical today. From one stand point, you have economy falling, needing a stimulus to revive. Bigger rate cut means better(?) economy. Good economy - strong ...
- StefanoProdi replied Dec 4, 2008
Greetings to all fellow traders. From logical standpoint, this market behaviour today - stocks up, euro down - is telling me that 100bps rate cut is calculated. As patterns and formations are considered, there are several on different timeframes ...
- StefanoProdi replied Dec 2, 2008
Try trading micro lots with some of your profit. It is good learning, no big stress and risk. Forget the profit factor and focus on the market.
- StefanoProdi replied Dec 2, 2008
Looks like market is playing the psiholog triangle and not the H&S... Now two lots short @1,2686 average entry.
- StefanoProdi replied Dec 2, 2008
I am not the pro, there are other guys that are much better. Thats why I am here, still learning. But... Those guys probably dont remember how it was to make those novice mistakes and get experience on them like I have. Money managment is a must, ...
- StefanoProdi replied Dec 2, 2008
Sure there is some heavy offer on these levels as it seems now, Dow droping giving another reason for drop. There will be reward if this level is broken and when the supply is cleaned. Keeping on these levels is good sign for further drop IMO.
- StefanoProdi replied Dec 2, 2008
You have some serious issues with MM and leverage!
- StefanoProdi replied Dec 2, 2008
H&S on the 5M will deliver IMO... 1,2685 acting as a resistance. One lot short @1,271, another will be added @1,273 if we get there. Obvious for me is that the way of least resistance is to the downside, at least for a while. Watch the 4H doji ...
- StefanoProdi replied Nov 28, 2008
Welcome back, Shadowfx. Glad to see you as you were great help for me as a novice trader back in march-july this year. As today trading is concerned... Good H&S was developed, with a great help of the fall of 1.28 mark. Nice profits from there. ...
- StefanoProdi replied Nov 27, 2008
I am out of this thin volume market for now. All level of least resistance scalping methods are of no use with this low volume (big volatility). Unless we see a 1,2800 dance again. I see it as an important level. Going long on it small position ...