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- mpurdy1973 replied May 28, 2012
yes, it is; but sell on rallies (even if they are little ones); otherwise you will get burnt.
- mpurdy1973 replied May 28, 2012
i was short; however, now i am flat... hopium could cause a bounce coupled with the fact there are so many shorts now and 2500 is good support. however, the overall problems with the euro right now (greece is just the beginning) i believe we will ...
- mpurdy1973 replied May 28, 2012
shorted with a short stop — took a short at market 25875 stop => 27155 entry => 25875 target => 20000
- mpurdy1973 replied May 21, 2012
hopium is a strong drug; i am waiting till i see 1.2940; then i will sell.
- mpurdy1973 replied Jan 31, 2012
hopium; a super strong drug! this could go to 3500-3700 before next month. i think i will wait a little longer... i think we will see at least 2000-1500 sometime this year.
- mpurdy1973 replied Jan 25, 2012
i like your spreadsheet; how do you do your calculations? do you fill in manually or auto generate it?
- mpurdy1973 replied Jan 23, 2012
i missed it by about an hour; however, i went short anyway; top of the range; target 2500.
- mpurdy1973 replied Jan 19, 2012
it looks like a nice place to short. top of the range; target of 2500
- mpurdy1973 replied Dec 14, 2011
thanx for input
- mpurdy1973 replied Dec 14, 2011
any feedback on this strategy? 1) short 1 lot now with a 100 pip stop; 2) short 2 limit order at 50 pips north with the same stop 3) short 4 limit orders at 85 pips north with the same stop risking at most (260 pips => 1*100 + 2*50 + 4*15) with a ...
- mpurdy1973 replied Dec 14, 2011
where were your entries? my problem is i cant get a good entry because of limited access. so i either a) sit and watch b) try to jump in; however, sometimes good, sometimes bad maybe i need to set my alarm and get up at 3am to get entries??? or i ...
- mpurdy1973 replied Dec 14, 2011
i have a three year plan for that; however, you need probably 25k-50k (because of dodd-frank, you can only have 50:1 leverage in the USA now) account to live off of; i have two account totaling 4k (need two account because of dodd-frank; you cant ...
- mpurdy1973 replied Dec 14, 2011
yes, i dont scalp unless the range is over 30+ pips because you lose on both ends. when i do, i go in the direction of the long term trend so if it breaks i am on the positive side yes, thats why i normally enter manually and get a positive stop ...
- mpurdy1973 replied Dec 14, 2011
the problem is i have a full time job... the big moves ALWAYS happen at three times: 1) when i am in a long meeting without internet access. 2) when i am taking my daughter to day school 3) at 3-5 am EST when i am sleeping i told my wife i ...
- mpurdy1973 replied Dec 14, 2011
but i got out because of that quick drop; thought it was going to drop :-( however, think it is just ranging again. the last few days we see 4-8 hour sideways then a huge drop... the problem is i always miss the drop :-(( the eurusd range for today ...
- mpurdy1973 replied Dec 14, 2011
just ranging; i am flat again.
- mpurdy1973 replied Dec 14, 2011
9860s is next support; after that its the gap... but i dont know if the bears are that hungry now???
- mpurdy1973 replied Dec 14, 2011
i know; but we are at the lows; and are down a lot this week; i think we could get some buying here; maybe??? maybe i was wrong! they must be out of hopium!
- mpurdy1973 replied Dec 14, 2011
im long at 9892 with stop at 9875
- mpurdy1973 replied Dec 13, 2011
re-entered the channel after break out - technically that is bearish - just shorted 0019 - tight stop well, should have known better to do technical trading on a M1 chart! - just playing with me - im a now flat.