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  • #25,641
  • Aug 29, 2008 10:31am Aug 29, 2008 10:31am
Do not have any time see action but I see now whatever & whenever I placed shorts they all green & now 0 trades open , They are still down I see . It was very good days for scalping with fast finger action.

Anyway hope todayis good to all shorters & longers . happy trading .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #25,642
  • Aug 29, 2008 10:31am Aug 29, 2008 10:31am
Quoting oolides
what is happening.i have lost so much money today.i still have one long at 1767.nothin good has happened today.sob sob sob
really sad....i am sympathy with you.... nevermind try again and work hard....
  • #25,643
  • Edited 10:46am Aug 29, 2008 10:32am | Edited 10:46am
This pair will go up in a moment.. s&p chart below. You can believe in correlations or not but oil is up and s&p will go down any minute (unless sp bounces but I don't think thats very likely)

edit: it seems the h&s neckline is broken, forget this post.. Sometimes price action on pair itself is more important than correlations..
Attached Image (click to enlarge)
Click to Enlarge Name: sandp.jpg Size: 44 KB
  • #25,644
  • Aug 29, 2008 10:35am Aug 29, 2008 10:35am
Quoting oolides
i just got two stops triggered.i am having a bad day
i already asking y longs ? not short? wait at 12 ...happy time for shorters...
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  • #25,645
  • Edited 10:59am Aug 29, 2008 10:35am | Edited 10:59am
Quoting akirax
broke the neckline...should be good for 130 pips or so
I question that this will happen today (it's Friday remember)

Note: I was wrong, there is still a lot of volumen today, GBP broke 1.8200, let's see what happens.
  • #25,646
  • Aug 29, 2008 10:36am Aug 29, 2008 10:36am
its a pinocio bar coined ,reversal pattern on 15 mins chart..
to those who missed the short.. you can learn it there:

http://www.forexfactory.com/showthread.php?t=2331
Money often costs too much...
  • #25,647
  • Aug 29, 2008 10:38am Aug 29, 2008 10:38am
a little slow is it a good time for short
  • #25,648
  • Aug 29, 2008 10:39am Aug 29, 2008 10:39am
Quoting trading801
cobra.. average day heee

u?
I'm happy that you didn't loose any money, the learning curve is going up, don't forget to fib it.
I'm fine, thanks.
  • #25,649
  • Aug 29, 2008 10:44am Aug 29, 2008 10:44am
Quoting oolides
what is happening.i have lost so much money today.i still have one long at 1767.nothin good has happened today.sob sob sob
If you are a daytrader, as I am for the most part, and misjudge the trend or lack of trend then the best thing to do is stop trading for the day if your main trade gets screwed up. Exit with a loss and get them another day.

Traders trade, hedgers hedge. You should have never let your original short get so in the red. And as you see, if you left it alone it would now be okay.

But the best solution would have been to have a stop loss. Exit the trade and move on to the next.

The worst solution is if it turns profitable because then the next time you might think, hey no problem. That is when you get the monster loss.
  • #25,650
  • Aug 29, 2008 10:44am Aug 29, 2008 10:44am
Shorters if any of shorts still in loss don't broke your heart still chances today .
I see strong support 1.4666 have already broken while I write this now straight will go to 1,4632 or mouch down .
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #25,651
  • Aug 29, 2008 10:45am Aug 29, 2008 10:45am
Dive Dive,,,

this magnitude of this hour bar is so hugh...
  • #25,652
  • Aug 29, 2008 10:46am Aug 29, 2008 10:46am
Blew my longs, in short, h&s should unfold with target 5480 hopefully...
No action on Fridays huh.. lol
On the path to Enrichment.
  • #25,653
  • Aug 29, 2008 10:47am Aug 29, 2008 10:47am
What about Wednesday's low 1.4633 ?
  • #25,654
  • Aug 29, 2008 10:47am Aug 29, 2008 10:47am
hopefully can close my short on 4615/20
what do you think guys ?
Money often costs too much...
  • #25,655
  • Aug 29, 2008 10:48am Aug 29, 2008 10:48am
this is like one huge joke.i am never going to trade on this day again.fridays are wack.mr margin nearly called me 2 fridays ago and now the us dollar was gain strength amidst gustavo.wonders shall never end.i still have one long although i am scalping shorts now
  • #25,656
  • Aug 29, 2008 10:48am Aug 29, 2008 10:48am
down...down.....at 12 a bomb will drop
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  • #25,657
  • Aug 29, 2008 10:49am Aug 29, 2008 10:49am
Quoting Jurrasic
Blew my longs, in short, h&s should unfold with target 5480 hopefully...
No action on Fridays huh.. lol
5480
  • #25,658
  • Aug 29, 2008 10:51am Aug 29, 2008 10:51am
Quoting oolides
this is like one huge joke.i am never going to trade on this day again.fridays are wack.mr margin nearly called me 2 fridays ago and now the us dollar was gain strength amidst gustavo.wonders shall never end.i still have one long although i am scalping shorts now
  • #25,659
  • Aug 29, 2008 10:53am Aug 29, 2008 10:53am
Quoting oolides
this is like one huge joke.i am never going to trade on this day again.fridays are wack.mr margin nearly called me 2 fridays ago and now the us dollar was gain strength amidst gustavo.wonders shall never end.i still have one long although i am scalping shorts now
dont scalp ...open new short
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  • #25,660
  • Aug 29, 2008 10:59am Aug 29, 2008 10:59am
Quoting trading801
cobra.. average day heee

u?
are you still around.this is one hell of a crazy market.hope you got out unhurt.i was unfortunate.my stops got triggered.still long in one anways.
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