argghhh~~~~~~~~~~~
i already blown my micro acc...
- #12,502
- May 9, 2008 3:21am May 9, 2008 3:21am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Kewl..
I've opened SFB at 203.00 level.. and still holding it, placing SL to 1pip (Sham's style ...) let the profit runs.. I would move my SL to very secure profit.
Alhamdulillah what I was expected is performing...
Level 123.6 and 138.2 reached and already broken down..
Geppy becomes strong bearish..H4 and Daily they're in the same direction..
Looking another retracement level to have another sell and PA closely.
Savant and Sham did you manage to catch this one also?
Ok this is just my view.
Cheers..
Too late for me for GEPPY entry. Been concentrating on CABLE and FIBER. Cable is doing Spooky Crazy SPIKE UP DOWN. ... I stay out of it for the time being. FIBER touched the 61.8% Fibbo. Took some Shorts. - #12,503
- May 9, 2008 3:22am May 9, 2008 3:22am
- | Joined Feb 2008 | Status: FOREX - 10% skills, 90% psychology | 1,000 Posts
Too bad bro....I'm sure you will bounce back......
- #12,504
- May 9, 2008 3:28am May 9, 2008 3:28am
argghhh~~~~~~~~~~~
i already blown my micro acc...
JOHNNNNNNNNNNNNNNNNN... dunno what to say.. wish u luck..
Im stuck today... like usual make profit on GJ n throw back to another pair...
argghh... if my mama knows... she will ask.. "when last I kick ur ass !! ?"
argghhh~~~~~~~~~~~
i already blown my micro acc...
I had that experience too.. That was my mistake..didn't place SL.. and didn't even managed MM properly..
Hope we could learn from our own mistakes.. and perhaps it would not drop you down..
Yesterday is history. Tomorrow is a mystery. Today is a gift
- #12,506
- May 9, 2008 3:32am May 9, 2008 3:32am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
This is a good one... No worries Sham, will be back next week! just watch the market today...
GRAVITATIONAL Law... and commence sense. Which one is easier?
FIGHTING something falling down or something going up? When you BUY things... mostly think twice. When you SELL things... think less than Buying. I could be wrong :blushing: That's why most of the time... from Price Action.... when market go up... slow and steady... but when market fall down... like crazy.
To PLAY SAVE... don't go Against the TREND. Errr... I do go against the Fiber trend. But that on a lower TF. On HIGHER TF... still downtrend.
Just something to think of. Open for discussion.
- #12,507
- May 9, 2008 3:39am May 9, 2008 3:39am
FIGHTING something falling down or something going up? When you BUY things... mostly think twice. When you SELL things... think less than Buying. I could be wrong :blushing: That's why most of the time... from Price Action.... when market go up... slow and steady... but when market fall down... like crazy.
Just something to think of. Open for discussion.
Another tips on the book.... - #12,508
- May 9, 2008 3:39am May 9, 2008 3:39am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Look how spooky that is... since yesterday 
I got SHORT earlier on and really GREEN. The bear penetrated Yesterday's LOW... I was so happy of thinking it could drop further down. In only short period of time... the BULL retaliate back... don't even have time to change my SL... and it got hit 
... No more CABLE for today.
I got SHORT earlier on and really GREEN. The bear penetrated Yesterday's LOW... I was so happy of thinking it could drop further down. In only short period of time... the BULL retaliate back... don't even have time to change my SL... and it got hit ... No more CABLE for today.
Good for you.
Yup I can see price already in OS area.. Just expecting the retracement very near.. I might take the profit soon when very certain the price wouldn't go any further. Besides today is profit taking..
Cheers..
Yesterday is history. Tomorrow is a mystery. Today is a gift
- #12,511
- May 9, 2008 3:41am May 9, 2008 3:41am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Hayya'alal Solah... Hayya'alal Falah!!! 
- #12,513
- May 9, 2008 3:50am May 9, 2008 3:50am
- | Joined Feb 2008 | Status: FOREX - 10% skills, 90% psychology | 1,000 Posts
Im expecting retracement as well in geepy... SOON...
- #12,514
- May 9, 2008 3:51am May 9, 2008 3:51am
Hi everyone...Im new here...been a long time monitored this thread...seems this was good for me as a newbie in forex....
got a lot to learn...especially in fundemental...
Just take it easy in order to digest all infos....
- #12,516
- May 9, 2008 3:57am May 9, 2008 3:57am
- #12,518
- May 9, 2008 4:17am May 9, 2008 4:17am
- | Joined Apr 2008 | Status: You never know | 1,306 Posts
This is from my past experience. Maybe not applicable for others but works well for me.
GRAVITATIONAL Law... and commence sense. Which one is easier?
FIGHTING something falling down or something going up? When you BUY things... mostly think twice. When you SELL things... think less than Buying. I could be wrong :blushing: That's why most of the time... from Price Action.... when market go up... slow and steady... but when market fall down... like crazy.
To PLAY SAVE... don't go Against the TREND. Errr... I do go against the Fiber trend. But that on a lower TF. On HIGHER TF... still downtrend.
Just something to think of. Open for discussion.
I am very new to forex trading, so I don't really have any experience. I would love to know your more experienced and detailed explanation as to why you went in short again. Besides, I am also in a short position, and very stuck.
Thank you.
Expected the unexpected
This is from my past experience. Maybe not applicable for others but works well for me.
GRAVITATIONAL Law... and commence sense. Which one is easier?
FIGHTING something falling down or something going up? When you BUY things... mostly think twice. When you SELL things... think less than Buying. I could be wrong :blushing: That's why most of the time... from Price Action.... when market go up... slow and steady... but when market fall down... like crazy.
To PLAY SAVE... don't go Against the TREND. Errr... I do go against the Fiber trend. But that on a lower TF. On HIGHER TF... still downtrend.
Just something to think of. Open for discussion.
"Trend is your friend". Last time I was wondering why I keep losing my each and every trade, gained profit today and loss to the next day.
Before this I never trade with PA, now more I used it more I feel confident with my trade. Thanks to you Sham.
Now I always use higher TF to observe where the direction of the price i.e H4 and Daily. Use lower TF as my entry level. Monitor H1 PA to spot reversal for H4. By using PA much easier for me to see where I should place SL and never enter position in OB or OS area.
Very basic but works for me.
Yesterday is history. Tomorrow is a mystery. Today is a gift
- #12,520
- May 9, 2008 4:38am May 9, 2008 4:38am
I see a reverse head and shoulder pattern for eurusd and it has also crossed over the 200 MA. Do you really think it's still in a general downtrend despite the strong upward move starting from yesterday? Many analysts are also saying euro has reversed the downtrend and is now starting to go up again. Look at http://www.bloomberg.com. There is an interview with a guy named Bennett who is saying that Dollar is near end of recovery against euro.
I am very new to forex trading, so I don't really have any experience. I would love to know your more experienced and detailed explanation as to why you went in short again. Besides, I am also in a short position, and very stuck.
Thank you.
As I suggested yesterday... There's a divergence and market will retrace to the upside... but it spiked on the 3rd bar... wiping me off the trade...
Analyst may say this and that but you have to trade what you see on ur charts... and you have to believe on your system...
Well, that's my reason and I'm not that expert... do your analysis and TAYOR. Cheers mate
