Disliked0315 was pretty hard business this morning as resistance. Now it has played support. I'm leaving the SL at 0300 assuming an attempt at that level is likely to boost further selling, so I'll be out.
On the upside, 0360 was today's top, no reason it cannot be traded again and/or breached.
Taking long at 0320 has the risk of being stopped out at 0300 for -20 or take profit at 0360 for +40.
I will consider TP partial for 20 pips at 0340 (if such) move SL to B/E and see what happens.
Mid-to-late NYC has been dollar seller, lately, so adds to the scenario.
I'm not very confident actually. It may just be a nice intraday trade.Ignored
- #18,301
- Jul 11, 2007 12:21pm Jul 11, 2007 12:21pm
- Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
- #18,302
- Jul 11, 2007 12:29pm Jul 11, 2007 12:29pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #18,303
- Jul 11, 2007 12:35pm Jul 11, 2007 12:35pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #18,304
- Jul 11, 2007 1:02pm Jul 11, 2007 1:02pm
- Joined Sep 2006 | Status: Trader | 2,272 Posts
its just money
- #18,306
- Jul 11, 2007 2:03pm Jul 11, 2007 2:03pm
Hey...
I was just reading your posts. Cable left some possible entries today, a?
Hope you all captured some positive pips.
Cesarnc....come on dude...you cant play soccer like that.you should beat them on the field not by penatlies...
Have a profitable trading on ....
I was just reading your posts. Cable left some possible entries today, a?
Hope you all captured some positive pips.
Cesarnc....come on dude...you cant play soccer like that.you should beat them on the field not by penatlies...
Have a profitable trading on ....
- #18,307
- Jul 11, 2007 3:36pm Jul 11, 2007 3:36pm
Reality sucks. But it is the best teacher.
Any newbie here looking for someone to tell them if it is time to go short or long or I put a trade on -200 pips ago, what should I do? Needs to be hit over the head with a 2"x4" solid chunk of reality.
They should be using the vast resources of the internet (another words, elsewhere here on FF and the rest of the www) their local library or here's a thought, buy a couple of trading books.
I started that way and just about anyone else has. Touchy feely works for hairdressers I guess though.
did you see any post of mine asking for tips or begging for a way of making easy money ???? I never did, in fact don't need too, and if this is the place for braging , I doubled my mini in 2 months and currently averaging 5-8% monthly on a standard , and the latter will change soon after a very nice cable long (and yes bought many books and still gonna read many more, good for me I know!) what i mean to say is that I was not crying for help, was never asking for signals etc,.., I was just looking for more experience from more experienced people , so save the 2"X4" cause you might be needing it soon 
- #18,308
- Jul 11, 2007 3:50pm Jul 11, 2007 3:50pm
- Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
My friend you're a terrible researcher
It's in the nature of anyone who thinks they are smarter than the market (traders) , that we have more than the average ego, but we need to control it ok...We are all napoleons here and need to force ourselves to play nicely...
- #18,309
- Edited 4:07pm Jul 11, 2007 3:53pm | Edited 4:07pm
- | Joined Sep 2006 | Status: Trader | 180 Posts
My friend you're a terrible researcher
I honestly don't think Sun Trader was referring to you - I think the point he/she was making was that there are some people who just plain ask whether they should short or long at a particular time - and that they should not rely on the recommendations of others but instead do the research/learning and form their own plan, and not as it were be 'spoon fed.'...
- #18,315
- Jul 11, 2007 4:27pm Jul 11, 2007 4:27pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
I was referring to the newbie that asked whether to go short now. I think you replied later that some were harsh or maybe making jokes. Not sure. Therefore my comment that reality is the best teacher.
That is, if someone is serious about learning the trading business and looking to protect their trading capital, even if it is a micro account of $250. they should learn first how to trade, not ask others what to do.
If someone wants to post their trades I see nothing wrong with that. And as many have said use that information at your own discretion, but to solicit someone else's opinion on what they should do is asking for it.
BTW left 95 Fahr at sea level last week to go to mountains where it is mid 70 fahr. Ahhh. Hey it is beer thirty.
That is, if someone is serious about learning the trading business and looking to protect their trading capital, even if it is a micro account of $250. they should learn first how to trade, not ask others what to do.
If someone wants to post their trades I see nothing wrong with that. And as many have said use that information at your own discretion, but to solicit someone else's opinion on what they should do is asking for it.
BTW left 95 Fahr at sea level last week to go to mountains where it is mid 70 fahr. Ahhh. Hey it is beer thirty.
Lady, Gentlemen, I'm sorry if I gave the wrong impression, was just confirming what Sun Trader was saying but in a very defensive way...dunno why!! maybe too much adrenaline today! or cause it;s 41c here in Dubai!! anyways it's so much unlike me.... so ... respect to all ,,, aopologies even if needed... god bless
- #18,318
- Jul 11, 2007 4:40pm Jul 11, 2007 4:40pm
- Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
- #18,320
- Jul 11, 2007 4:40pm Jul 11, 2007 4:40pm
- Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts