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  • #13,221
  • Jul 4, 2008 6:29am Jul 4, 2008 6:29am
Quoting FXCapitalist
Who were the buyers at 1.5654!? It should take them out too. 1.5628 is next significant level. so that's a target for me.
just got 18 pips from 1.5655... lol... sorry
  • #13,222
  • Jul 4, 2008 6:30am Jul 4, 2008 6:30am
Quoting nicedevil
aarr my SL Hit....
sorry dude, youre still alive though so thats a good thing.
"Diversification is an excuse for a lack of talent" ~FXC
  • #13,223
  • Jul 4, 2008 6:32am Jul 4, 2008 6:32am
Quoting Clouds
im officially going say today so far for forex, has sucked.
there's always next week. this week was retarded anyways dead for 3 days and 1 day of all news releases. way too mentally draining, i havent slept for 36 hrs up till after this morning. You'll be good.
"Diversification is an excuse for a lack of talent" ~FXC
  • #13,224
  • Jul 4, 2008 6:33am Jul 4, 2008 6:33am
Quoting emda
just got 18 pips from 1.5655... lol... sorry
thief you took my 8 pips to make 200! give me 8 pips and you keep the 10 lol jkjk. On another note 2nd half of the hour should continue the move downwards.
"Diversification is an excuse for a lack of talent" ~FXC
  • #13,225
  • Jul 4, 2008 6:35am Jul 4, 2008 6:35am
I have learned from this. The thing I'm picking up is that too early I take a position long or short and proceed to get smashed.

The moral of my story is to wait for the breakout in either direction and THEN follow the trend and not be greedy. I'll collect 11 pips in the direction I go with when following the trend and exit the trade unless I'm really confident that the trend will continue and not reverse for awhile.
  • #13,226
  • Jul 4, 2008 6:36am Jul 4, 2008 6:36am
should form another h4 candle below my TD analysis. we can possibly project the down move from there. Not till it closes below it though. I'm eyeing it if it does possibly a target down can be around 1.5440~ ish.
"Diversification is an excuse for a lack of talent" ~FXC
  • #13,227
  • Jul 4, 2008 6:37am Jul 4, 2008 6:37am
Quoting FXCapitalist
thief you took my 8 pips to make 200! give me 8 pips and you keep the 10 lol jkjk. On another note 2nd half of the hour should continue the move downwards.
consider voting me for 1kt if you want your 8 pips...
don't worry.. I think you will have your 200 pips today. because it is breaking down the weekly pivot... making it bearish...
  • #13,228
  • Jul 4, 2008 6:37am Jul 4, 2008 6:37am
Quoting altrader
I have learned from this. The thing I'm picking up is that too early I take a position long or short and proceed to get smashed.

The moral of my story is to wait for the breakout in either direction and THEN follow the trend and not be greedy. I'll collect 11 pips in the direction I go with when following the trend and exit the trade unless I'm really confident that the trend will continue and not reverse for awhile.
you too you'll be good. the trend is the buddy after all.
"Diversification is an excuse for a lack of talent" ~FXC
  • #13,229
  • Jul 4, 2008 6:37am Jul 4, 2008 6:37am
Quoting FXCapitalist
sorry dude, youre still alive though so thats a good thing.
ya bro u r right.... since i learned about the MM it make me always alive for trade another day...not like last time....i always got out with margin call and get bed rest until the next deposit....LOL
  • #13,230
  • Jul 4, 2008 6:39am Jul 4, 2008 6:39am
Quoting emda
consider voting me for 1kt if you want your 8 pips...
don't worry.. I think you will have your 200 pips today. because it is breaking down the weekly pivot... making it bearish...
YEAAA done deal, now wheres my 23 pips now! lol. JP do the same and add to my vouches. if you want.
"Diversification is an excuse for a lack of talent" ~FXC
  • #13,231
  • Jul 4, 2008 6:41am Jul 4, 2008 6:41am
I wanna kick whoever the big name was that bought at 1.5655
"Diversification is an excuse for a lack of talent" ~FXC
  • #13,232
  • Jul 4, 2008 6:45am Jul 4, 2008 6:45am
Quoting nicedevil
ya bro u r right.... since i learned about the MM it make me always alive for trade another day...not like last time....i always got out with margin call and get bed rest until the next deposit....LOL
Oh shoot LOL margin call is the mother of all stop losses. =X of all my years of trading I never got one MC, only on my 1st demo account. I've had it where I went down to $80~ in equity and I built my self back up from the ashes trading micro lots for 6 months lol that was one of the hardest struggles in my trading career, almost dead in the water then coming back and having to get XXXX% return to even break even again. I know it was some rediculous number. but dont do what I did, I was in a black hole but my drive to never get a margin call ever was what kept me alive. That was the hardest lesson and most cherished one I've ever learned.

good day.
"Diversification is an excuse for a lack of talent" ~FXC
  • #13,233
  • Jul 4, 2008 6:47am Jul 4, 2008 6:47am
Quoting FXCapitalist
I wanna kick whoever the big name was that bought at 1.5655
and you were telling me to let apart my emotions ? lol

I think if you have free margin you could add more now to get those 8 pips more..
  • #13,234
  • Jul 4, 2008 6:50am Jul 4, 2008 6:50am
I'm gonna keep this bloody position open over the weekend the premium I'll pay is worth it to have it. blahh its going no where. good night....morning...for now shoot its 8 am already gotta get some rest.
"Diversification is an excuse for a lack of talent" ~FXC
  • #13,235
  • Jul 4, 2008 6:50am Jul 4, 2008 6:50am
damn damn damn... was that a bearish flag pattern or whatt!?? [4H].. my long is srewed ! .. [i agree with Clouds, lol ... so far, 4x has sucked]

that gives me a 1.5460's target and matches with FXCapitalist's

going to sleep nowwww ...... with the every fridays phrase:
"next week, will be a good trading week........ "
... /$ -> LONG
  • #13,236
  • Jul 4, 2008 6:53am Jul 4, 2008 6:53am
Quoting FXCapitalist
I wanna kick whoever the big name was that bought at 1.5655
Bernanke went long!
  • #13,237
  • Jul 4, 2008 6:55am Jul 4, 2008 6:55am
Quoting emda
and you were telling me to let apart my emotions ? lol

I think if you have free margin you could add more now to get those 8 pips more..
nah I have alot of free margin but adding a new position violates my trading principle. i pay a new spread so that turns into 11 pips I need because of the 3 need back from the spread, plus its not the original position and who knows opening a new position could kill my current one, so I'll abstain from doing such things I learned my lesson doing that a year ago and entering a position at the end of the trend and the reversal killed all my gains in less than half the time. Also the thought of it not being part of the original trade makes it more of an unworthy possibility. I aim for the lowest risk and highest reward by being too selective, sure I hit singles, but I aim for homeruns when I can get that hanging slider, like the one trichet pitched to me yesterday morning. anyways. have a good 4th im soooo mentally exhausted.
"Diversification is an excuse for a lack of talent" ~FXC
  • #13,238
  • Jul 4, 2008 6:56am Jul 4, 2008 6:56am
Quoting Fx_Genius
Bernanke went long!
I knew it!!!! only he would have that power lol but then again why would he want to go long euros, hahaa
"Diversification is an excuse for a lack of talent" ~FXC
  • #13,239
  • Jul 4, 2008 6:57am Jul 4, 2008 6:57am
Quoting FXCapitalist
nah I have alot of free margin but adding a new position violates my trading principle. i pay a new spread so that turns into 11 pips I need because of the 3 need back from the spread, plus its not the original position and who knows opening a new position could kill my current one, so I'll abstain from doing such things I learned my lesson doing that a year ago and entering a position at the end of the trend and the reversal killed all my gains in less than half the time. Also the thought of it not being part of the original trade makes it more of an unworthy possibility. I aim for the lowest risk and highest reward by being too selective, sure I hit singles, but I aim for homeruns when I can get that hanging slider, like the one trichet pitched to me yesterday morning. anyways. have a good 4th im soooo mentally exhausted.

I understand.
have some rest. I have made a lot of mistakes trading tired.
have a nice weekend!
  • #13,240
  • Jul 4, 2008 6:58am Jul 4, 2008 6:58am
aud and gbp both look bullish so shorting eur/aud or eur/gbp mmight have been better, oh well, also makes me wonder if eur/usd will turn bullish , or eur will turn the other two bearish
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