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  • #8,881
  • May 8, 2008 9:50am May 8, 2008 9:50am
stopped out for a 10pip gain.

(i don't use TPs, i just move my SLs)
  • #8,882
  • May 8, 2008 9:51am May 8, 2008 9:51am
anyway... the trend H4 is still down... lower lows.. lower highs...
clear down
  • #8,883
  • May 8, 2008 9:53am May 8, 2008 9:53am
Quoting dengzhi
stopped out for a 10pip gain.

(i don't use TPs, i just move my SLs)

I'm sure many times price will hit your stop to continue big move in your direction...
  • #8,884
  • May 8, 2008 9:53am May 8, 2008 9:53am
  •  BoHan
  • | Joined Nov 2007 | Status: Retracements are my forte! | 73 Posts
Quoting Jurrasic
It was during the news.

The hourly 100 ema and sma are at 545..
for me I'm looking more at 50% fib @ 5438 . lol. it feels so hard for prices to cross there man. so dude are u long or short ?
Start Young. Think Big. Stick to It.
  • #8,885
  • May 8, 2008 9:55am May 8, 2008 9:55am
Holding on to longer term shorts.

EDIT: Looks like probably gonna quite down around 54 for the next few hours.
On the path to Enrichment.
  • #8,886
  • May 8, 2008 10:33am May 8, 2008 10:33am
Quoting vdeluca
I agree the best thing to do is to follow the rules. As we all know from our school days, however, rules exist to be broken . If you are going to break the rules, its preferable to do so to take profit when it is staring you in the face, than doing something stupid like cancelling a stop loss. I repeat though, that the best thing to do is follow the rules.
I have just started reading this thread.

A good modification is that:
1. the best thing to do is to follow the rules.
2. rules exist to be broken BUT
3 rules shall not be broken WHILE you are in the trade



.
  • #8,887
  • May 8, 2008 10:35am May 8, 2008 10:35am
Hi everybody

just joined, hope make some pips here
  • #8,888
  • May 8, 2008 10:40am May 8, 2008 10:40am
welcome aboard
  • #8,889
  • May 8, 2008 10:46am May 8, 2008 10:46am
I'M new ,In my 4H chart i see this doji is this mean we will see fall down?
I'm short and need confirmation please
Attached Image (click to enlarge)
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  • #8,890
  • May 8, 2008 10:50am May 8, 2008 10:50am
Quoting Jurrasic
Holding on to longer term shorts.

EDIT: Looks like probably gonna quite down around 54 for the next few hours.
It's been bobbing right around 54 for a few hours now. Even when it gets pushed around when news came out, it seems like it always goes back to that number. Where in the chart do you see that euro still has the potential to go down?
Expected the unexpected
  • #8,891
  • May 8, 2008 10:50am May 8, 2008 10:50am
Bearish move is now signaled to move to 1.5230. Closed my long position.

Source: http://www.theforexnews.com/?action=...&id=1210218120
  • #8,892
  • May 8, 2008 11:09am May 8, 2008 11:09am
Quoting egkid
I'M new ,In my 4H chart i see this doji is this mean we will see fall down?
I'm short and need confirmation please
H4 candles depend on the broker time zone...
usually H4 candles give different candles for each broker... only candles from H1 to M1 are the same for everyone
  • #8,893
  • Edited 11:20am May 8, 2008 11:10am | Edited 11:20am
Will Close my Position if 1.5376 breaks, if no break so add more Long positions.
After ECB Comments maybe we will see a new up move until near next Fed Moves, then Downtrend will resume.

For next 30minutes if 1.5416 break, will add long to 1.5430.

That's my calls!
  • #8,894
  • May 8, 2008 11:24am May 8, 2008 11:24am
  •  BoHan
  • | Joined Nov 2007 | Status: Retracements are my forte! | 73 Posts
Quoting BoredToLoose
Will Close my Position if 1.5376 breaks, if no break so add more Long positions.
After ECB Comments maybe we will see a new up move until near next Fed Moves, then Downtrend will resume.

For next 30minutes if 1.5416 break, will add long to 1.5430.

That's my calls!
Dude, 5416 broke. lol. adding long to 5430 meaning ? u going to go long at that point or your previous position was opened at 5430?
Start Young. Think Big. Stick to It.
  • #8,895
  • May 8, 2008 11:26am May 8, 2008 11:26am
Stupid EUR/USD going long or short ?? Its killing me. Any experts ??
  • #8,896
  • May 8, 2008 11:27am May 8, 2008 11:27am
Quoting BoHan
Dude, 5416 broke. lol. adding long to 5430 meaning ? u going to go long at that point or your previous position was opened at 5430?
Open Long at 1.5417 to TP 1.5430.

If the current H1 close above 1.5430 we go for 1.5475
  • #8,897
  • May 8, 2008 11:38am May 8, 2008 11:38am
Hope Bulls prevail!
  • #8,898
  • May 8, 2008 11:45am May 8, 2008 11:45am
  •  BoHan
  • | Joined Nov 2007 | Status: Retracements are my forte! | 73 Posts
Quoting BoredToLoose
Open Long at 1.5417 to TP 1.5430.

If the current H1 close above 1.5430 we go for 1.5475
But seriously I'm not too sure if it would hit 30 at least in this hour, and also still thinking if i should add on longs for mid-term ? Starting to feel a bit lost here hahaha.
Start Young. Think Big. Stick to It.
  • #8,899
  • May 8, 2008 11:54am May 8, 2008 11:54am
Next days will decide if price goes for 1.50 or 1.60.
If 1.5530 Breaks we will see more up moves.
If 1.5250 Breaks so 1.50 next stop.

I was bearish until 1.5350, now my sentiment is Bullish, but we could see only this up move to 1.5520 and down he goes again.
  • #8,900
  • May 8, 2008 12:03pm May 8, 2008 12:03pm
Quoting BoHan
But seriously I'm not too sure if it would hit 30 at least in this hour, and also still thinking if i should add on longs for mid-term ? Starting to feel a bit lost here hahaha.
I trade only for a maximum of 200 pips per trade.

My 1.5339 it is for a TP 1.5530.
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