I think this is strong down move..we may see 1.54 But after then we'll see 1.50/51 area
Just my 2 cents
Just my 2 cents
- #18,263
- Aug 7, 2008 1:32pm Aug 7, 2008 1:32pm
- | Joined Feb 2008 | Status: Live long and have fun :) | 1,386 Posts
Or more likely as I was saying next week we'll see a flag on daily between 525 and 55. 
I'm off, longs should be done by or nearly after tommorow's London open, at 395. Good night you guys, shut that thing off and go party, it's not running anywhere.. 
Coconut that's not nice, I got rockets falling in my city once in a while already 
I'm off, longs should be done by or nearly after tommorow's London open, at 395. Good night you guys, shut that thing off and go party, it's not running anywhere.. Coconut that's not nice, I got rockets falling in my city once in a while already
On the path to Enrichment.
my stop loss is when ill be positive lol
but i can handle 100pip stop but when i close a trade it always turn arround and if i stayed i would get positive so i quit using stoploss only in my head... if i change my mind it will go blowaccount lower then ill take the loss and try again...
so far i still have hope
but i can handle 100pip stop but when i close a trade it always turn arround and if i stayed i would get positive so i quit using stoploss only in my head... if i change my mind it will go blowaccount lower then ill take the loss and try again...
so far i still have hope
- #18,269
- Aug 7, 2008 1:39pm Aug 7, 2008 1:39pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
Wow, long Usd/cad, The daily usd/cad pivot doesn't come into play until 1.5021. 
http://www.dailyfx.com/analyst_picks/index.html
They mistyped, but anyone think it's a good idea to short usd/cad off pivot at 1.052, ops, not even the pivot anymore, its resistance
http://www.dailyfx.com/analyst_picks/index.html
They mistyped, but anyone think it's a good idea to short usd/cad off pivot at 1.052, ops, not even the pivot anymore, its resistance
my stop loss is when ill be positive lol
but i can handle 100pip stop but when i close a trade it always turn arround and if i stayed i would get positive so i quit using stoploss only in my head... if i change my mind it will go blowaccount lower then ill take the loss and try again...
so far i still have hope
Ok don't take offence to me I'm known to be sarcastic, it gets me through the day. I'm sure you see where this is going. If your risking up to 100 pips, what is your target profit?
Redefining Reality
- #18,272
- Aug 7, 2008 1:49pm Aug 7, 2008 1:49pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
Oil's found a base around 120, I'd laugh my a$$ off, if EU ranged from 1.53-1.6 and oil from 120-150, for two years, and we still debated the big fall or rise. 
Oil's found a base around 120, I'd laugh my a$$ off, if EU ranged from 1.53-1.6 and oil from 120-150, for two years, and we still debated the big fall or rise.
That would be cool, I would enjoy the debate for a two year money printing press.
Redefining Reality
Hehehehe ill forget it when it hit 1.54
Maybe you can give more support going long with 1000lots
LoL
Ok so you risk is close to 2 times what your profit is. The expectancy of your entries shows you have a lot of confidence. Confidence is good.
Redefining Reality
hi every1,
i am your loyal audience ..
as a nuwbie.. may i ask something..
first. a lot of people here keep talking about the bottom, and it need retrace ..like to +5400 (fib 50%)... but what happen if in 1-2 hour oil down another 3-4 dollar & DJIA up 200 points.. does e/u still need retrace..or just keep falling?
second, is there any1 in this thread who knows?how the big player make a trade? does they need meeting before do a trade? or just like me here, sit in front of computer, and when i see some opportunity just jump in? (i know they are long term trader..maybe based on weekly/monthly or even yearly TF, but just wonder, how they make a trade?)
please, enlight me..and pardon me for my bad english
thx
i am your loyal audience
.. as a nuwbie.. may i ask something..
first. a lot of people here keep talking about the bottom, and it need retrace ..like to +5400 (fib 50%)... but what happen if in 1-2 hour oil down another 3-4 dollar & DJIA up 200 points.. does e/u still need retrace..or just keep falling?
second, is there any1 in this thread who knows?how the big player make a trade? does they need meeting before do a trade? or just like me here, sit in front of computer, and when i see some opportunity just jump in? (i know they are long term trader..maybe based on weekly/monthly or even yearly TF, but just wonder, how they make a trade?)
please, enlight me..and pardon me for my bad english
thx
- #18,277
- Aug 7, 2008 2:00pm Aug 7, 2008 2:00pm
- Joined Mar 2008 | Status: Still testing and trading | 1,454 Posts
US Bank index is crashing hard.. If the us indexes keep going down then the direction of EURUSD is gonna be uncertain for some time.
Oil is also climbing.
It's good thing I bought some SKF earlier today (double reverse us bank index ETF)
Oil is also climbing.
It's good thing I bought some SKF earlier today (double reverse us bank index ETF)