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  • #32,641
  • Sep 22, 2008 2:25am Sep 22, 2008 2:25am
Quoting psiholog
Attachment


before i do go away for a few hours....heres my last chart for now to show even in this lame nonsense there is some logic
do u use stoploss for that trade ?
  • #32,642
  • Sep 22, 2008 2:27am Sep 22, 2008 2:27am
if price goes up from here, upper TL & 38.2 fib level or 50% fib level is the target, from there is also a good entry to place sell.. but I will place sell once it reaches the last MA resistance too, near 46
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Money often costs too much...
  • #32,643
  • Sep 22, 2008 2:31am Sep 22, 2008 2:31am
Quoting bshadroo
do u use stoploss for that trade ?
99% of the time i use 20 pip stop loss...this is an exception as my being away turned into a loss and refusing to accept the concept "knowing" it would go higher i removed it. clearly overrun by my bullish emotions...after all i am born in may and stubborn as stubborn gets..i put it back on now since we seem to be breaking up...mad at myself as this trade cost me 50+ pips ic ould have made scalping
Different opinions highly valued, ignorant to slander.
  • #32,644
  • Sep 22, 2008 2:35am Sep 22, 2008 2:35am
Quoting psiholog
99% of the time i use 20 pip stop loss...this is an exception as my being away turned into a loss and refusing to accept the concept "knowing" it would go higher i removed it. clearly overrun by my bullish emotions...after all i am born in may and stubborn as stubborn gets..i put it back on now since we seem to be breaking up...mad at myself as this trade cost me 50+ pips ic ould have made scalping
Psiholog and Indotrader (who showed up just in time to reaffirm my confidence), I'm outta here for 3 hours. Did +110 pips tonight.

See you in the morning. Glad I don't smoke!

No trades open.
Up or down, gimme a ticket
  • #32,645
  • Sep 22, 2008 2:39am Sep 22, 2008 2:39am
Quoting SpecialEd
Psiholog and Indotrader (who showed up just in time to reaffirm my confidence), I'm outta here for 3 hours. Did +110 pips tonight.

See you in the morning. Glad I don't smoke!

No trades open.
Have a good rest SpecialEd, good nite !
Money often costs too much...
  • #32,646
  • Sep 22, 2008 2:42am Sep 22, 2008 2:42am
Quoting SpecialEd
Psiholog and Indotrader (who showed up just in time to reaffirm my confidence), I'm outta here for 3 hours. Did +110 pips tonight.

See you in the morning. Glad I don't smoke!

No trades open.
good job man..as for me...my night consists of 9 more hours...see ya around
Different opinions highly valued, ignorant to slander.
  • #32,647
  • Sep 22, 2008 2:50am Sep 22, 2008 2:50am
Godday traders i hope you all had a lovely weekend.
i see this pair going north and has no sell bias for now
  • #32,648
  • Sep 22, 2008 3:03am Sep 22, 2008 3:03am
at least ECB is pumping even more dollars into market.

http://www.reuters.com/article/marke...00248820080922
  • #32,649
  • Sep 22, 2008 3:05am Sep 22, 2008 3:05am
Quoting finian204rea
Godday traders i hope you all had a lovely weekend.
i see this pair going north and has no sell bias for now
how is it going bro.i quite feeel this can go south before going back north
  • #32,650
  • Sep 22, 2008 3:09am Sep 22, 2008 3:09am
Quoting oolides
how is it going bro.i quite feeel this can go south before going back north
why oolides the 700billion dollar bailout plan "may" be good for the stock market although i highly doubt it but its definetely bad for the dollar...at least short term
Different opinions highly valued, ignorant to slander.
  • #32,651
  • Sep 22, 2008 3:16am Sep 22, 2008 3:16am
Quoting indotrader
if price goes up from here, upper TL & 38.2 fib level or 50% fib level is the target, from there is also a good entry to place sell.. but I will place sell once it reaches the last MA resistance too, near 46

ur fibo is upside down. so, inaccurate.
  • #32,652
  • Sep 22, 2008 3:18am Sep 22, 2008 3:18am
Quoting psiholog
why oolides the 700billion dollar bailout plan "may" be good for the stock market although i highly doubt it but its definetely bad for the dollar...at least short term
hoe are you doing.been in and out of margin calls but like in the movie pursuit of happyness i have promised to keep fighting till i become very profitable.i am age mates with you and that means i still have a lot in my cards,plus if forex does not work out i d probably work for goldman sachs.so..............................................
  • #32,653
  • Sep 22, 2008 3:19am Sep 22, 2008 3:19am
Quoting spathi
ur fibo is upside down. so, inaccurate.
What is the difference between 38,2 and 61,8? It doesn't matter. On the chart this is the same price value if it's from up to down or down to up.
  • #32,654
  • Sep 22, 2008 3:24am Sep 22, 2008 3:24am
Quoting oolides
hoe are you doing.been in and out of margin calls but like in the movie pursuit of happyness i have promised to keep fighting till i become very profitable.i am age mates with you and that means i still have a lot in my cards,plus if forex does not work out i d probably work for goldman sachs.so..............................................
dont give up man youll make it if you try hard enough...its good you have a plan B though i have none whatsoever...i MUST succeed...as trading 801 profile says certain names with ours included...fight against margin call

as for tonight...i truly see this pair going to at least 1.4680/4700 neighborhood with temporary retracements....too much bearish information out there on the dollar...plus....the patterns dont lie...we are at the highest level weve seen in 3weeks...we just broke out of an ascending triangle too and even the monthly candlestick looks ripe for a continuation up
Different opinions highly valued, ignorant to slander.
  • #32,655
  • Sep 22, 2008 3:24am Sep 22, 2008 3:24am
Quoting oolides
how is it going bro.i quite feeel this can go south before going back north
yeah bro, i think the 700billion bail would strenghting the dollar a little bit before the pair would kick start for north.
  • #32,656
  • Sep 22, 2008 3:32am Sep 22, 2008 3:32am
touches SMA 200 4h chart.. scalping with short.. hope this one works well..
Money often costs too much...
  • #32,657
  • Sep 22, 2008 3:37am Sep 22, 2008 3:37am
Quoting psiholog
dont give up man youll make it if you try hard enough...its good you have a plan B though i have none whatsoever...i MUST succeed...as trading 801 profile says certain names with ours included...fight against margin call

as for tonight...i truly see this pair going to at least 1.4680/4700 neighborhood with temporary retracements....too much bearish information out there on the dollar...plus....the patterns dont lie...we are at the highest level weve seen in 3weeks...we just broke out of an ascending triangle too and even the monthly candlestick looks ripe for a continuation up
Hey Psihology....looking over posts/charts and prep for day. Direction is clear to me but you seeing anything that makes sense on short TF's outside of bouncing off of psych levels...as far as setup's go? Having a hard time even drawing clean fibs....probably me today. Hoping price does something at daily R1 to help me.

all the best....
  • #32,658
  • Sep 22, 2008 3:39am Sep 22, 2008 3:39am
Quoting psiholog
dont give up man youll make it if you try hard enough...its good you have a plan B though i have none whatsoever...i MUST succeed...as trading 801 profile says certain names with ours included...fight against margin call

as for tonight...i truly see this pair going to at least 1.4680/4700 neighborhood with temporary retracements....too much bearish information out there on the dollar...plus....the patterns dont lie...we are at the highest level weve seen in 3weeks...we just broke out of an ascending triangle too and even the monthly candlestick looks ripe for a continuation up
how do you feel when you enter a trade after all your charts have confirmed you can and immediately you enter the trade goes against you about 20pips.its so frustrating.
  • #32,659
  • Sep 22, 2008 3:39am Sep 22, 2008 3:39am
Quoting indotrader
touches SMA 200 4h chart.. scalping with short.. hope this one works well..
it may....i just closed all my longs as this uptrend channels seems to be breaking to the downside for now
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Different opinions highly valued, ignorant to slander.
  • #32,660
  • Sep 22, 2008 3:42am Sep 22, 2008 3:42am
Quoting oolides
how do you feel when you enter a trade after all your charts have confirmed you can and immediately you enter the trade goes against you about 20pips.its so frustrating.
lol considering i average 20trades per day and many times i try doubling winning positions....just to have my second position come back on me hit the stop loss and take a huge chunk of the initial trades profit....its quite annoying but what can you do....this is trading...you win some you lose some...dont even need a higher winning ratio then losing. heres how i do it...i try to have 1/1 ratio of winners compared to losers but the profit ratio is 2/1 so if i lose 20 pips on a trade then a winning trade is 40pips or more...scalping is different
Different opinions highly valued, ignorant to slander.
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