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  • #39,541
  • Oct 15, 2008 4:45pm Oct 15, 2008 4:45pm
Quoting SunTrader
You need proof R/R is better when going with the trend?
Now you are going to play dumb? I haven't seen you do anything other than wax phlosophical...use some of these techniques to show the brilliance.

While you were yammering on, some of us are trying to trade and make some money. Who needs a trend when the thing is this active. I am seeing this as a retrace of recent highs, it goes up and down there is opportunity everywhere.

Try to realize - Just because someone doesn't do what YOU DO doesn't make it wrong.

You assume I am trading on fundamentals...wrong, I am using a MACD deverence. This latest position was skewed due to the gap up...but as I mentinoed when I took the position it was a high risk position. I could have closed positive, but I took a 18 pip loss...c'est la vie.

I am done arguing with you. I don't need your advice, I don't need your smart ass comments. If you want to act like some sort of guru to feel better about yourself feel free. I am just a participant in a messageboard equal to his peers. I have bigger fish to fry than play pied-piper.

Off to take daughter to soccer. I think I will take profit in AUDUSD tomorrow or next day...I am doing just fine...thank you.
  • #39,542
  • Oct 15, 2008 4:48pm Oct 15, 2008 4:48pm
My Holy Grail....FINALLY! The Dow drop 700+ points so expect the the Eur/Usd to fall about half at 300 pips. If the Dow gain tomorrow, which I bet you they will, then Eur/Usd will go up by 1/2 whatever that gain is. Why? Because folks loss $$ in the stock and they want some safe haven, so instead of putting in bonds, which they don't want because they don't want to FED to use the $ to bail out another stupid bank, so they say "what the heck let's invest in $.....but in different way... FOREX so they buy USD.



Quoting gagakrimba
What is the outlook now guys ?
It seems to be slipping downwards with no sign of reversal.
  • #39,543
  • Oct 15, 2008 4:50pm Oct 15, 2008 4:50pm
Quoting SeaPip
My Holy Grail....FINALLY! The Dow drop 700+ points so expect the the Eur/Usd to fall about half at 300 pips. If the Dow gain tomorrow, which I bet you they will, then Eur/Usd will go up by 1/2 whatever that gain is. Why? Because folks loss $$ in the stock and they want some safe haven, so instead of putting in bonds, which they don't want because they don't want to FED to use the $ to bail out another stupid bank, so they say "what the heck let's invest in $.....but in different way... FOREX so they buy USD.
Be careful Suntrader may attack you for using some perspective other than his.
  • #39,544
  • Edited 5:05pm Oct 15, 2008 4:54pm | Edited 5:05pm
Quoting TIckerShuffl
Be careful Suntrader may attack you for using some perspective other than his.
Hi Ticker, your posts confirm your brand new avatar, good selection

BTW I got stinky fingers trying to catch the bottom (57) like Suntrader says, but the risk/reward is too good and if I loose it on a tight SL and good MM it doesn't hurt.
  • #39,545
  • Oct 15, 2008 5:05pm Oct 15, 2008 5:05pm
Quoting TIckerShuffl
......I am doing just fine...thank you.
Enuf said - thats all that matters.
  • #39,546
  • Oct 15, 2008 5:12pm Oct 15, 2008 5:12pm
Quoting cobraforex
BTW I got stinky fingers trying to catch the bottom (57) like Suntrader says, but the risk/reward is too good and if I loose it on a tight SL and good MM it doesn't hurt.
In over 5 years of trading, I have not seen this pair leave a weekend gap open for longer than the week. It is usually closed within a couple of days at most.

The gaps in the last two weeks have taken the longest time I've seen for a gap to be filled in this pair.

It was a given that any up move would stall until the gap is closed.
  • #39,547
  • Oct 15, 2008 5:18pm Oct 15, 2008 5:18pm
Quoting NuckingFuts
In over 5 years of trading, I have not seen this pair leave a weekend gap open for longer than the week. It is usually closed within a couple of days at most.

The gaps in the last two weeks have taken the longest time I've seen for a gap to be filled in this pair.

It was a given that any up move would stall until the gap is closed.
I know what you mean, I love trading the gaps, already got stopped out at 10 pips. It is risky but I like the risk, if not I wouldn't work in FX.
But here comes the Jacko AH rule in play, as soon as PA gets up again is to enter at the same point you got stopped out and get your money back.
  • #39,548
  • Oct 15, 2008 5:25pm Oct 15, 2008 5:25pm
I totally forgot about that Anti-Hedging. I am in the hole about 40 pips now. Well. Hope the Asian session will bring this baby back up....if not, I will just have to ride out until the Dow tomorrow

Quoting cobraforex
I know what you mean, I love trading the gaps, already got stopped out at 10 pips. It is risky but I like the risk, if not I wouldn't work in FX.
But here comes the Jacko AH rule in play, as soon as PA gets up again is to enter at the same point you got stopped out and get your money back.
  • #39,549
  • Oct 15, 2008 5:31pm Oct 15, 2008 5:31pm
Quoting cobraforex
I know what you mean, I love trading the gaps, already got stopped out at 10 pips. It is risky but I like the risk, if not I wouldn't work in FX.
But here comes the Jacko AH rule in play, as soon as PA gets up again is to enter at the same point you got stopped out and get your money back.
CF, So generally, still bullish about EURUSD in short term?

Sun, I am not talking about long term. My long view is same as yours....DT
  • #39,550
  • Oct 15, 2008 5:33pm Oct 15, 2008 5:33pm
Quoting SeaPip
I totally forgot about that Anti-Hedging. I am in the hole about 40 pips now. Well. Hope the Asian session will bring this baby back up....if not, I will just have to ride out until the Dow tomorrow
I'm using that AH very often, the big point here is the friday close that is also the close of the gap. That will be the point of the truth, up or down, it's only some pips away.
  • #39,551
  • Oct 15, 2008 5:34pm Oct 15, 2008 5:34pm
Some of this stuff never ceases to amaze me although I'm not entirely new to this game (although this week has humbled me thus far). My point is, I'm watching my chart, and by chance, I still have my old fibs on it from Friday's move back up from the low of 1.3259 to 1.3497. That was only the initial part of the climb back up, and the part where I drew those fibs. But interestingly, now that we are back in that territory, isn't it interesting: we paused our downward run here at exactly the 61.8 for a couple minutes (1.3443), and are now hovering right at the 50% mark. I mean, right to the pip on both of them. Makes me wonder how many levels there are out there for previous moves from days/weeks/months ago that I would never think to keep on my charts. Anyway... bored chatter while I sit on the sidelines watching for possible re-entries.
  • #39,552
  • Oct 15, 2008 5:35pm Oct 15, 2008 5:35pm
Hi

UP 50%
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Axelerod
  • #39,553
  • Edited 5:51pm Oct 15, 2008 5:38pm | Edited 5:51pm
Quoting FXraider
CF, So generally, still bullish about EURUSD in short term?

Sun, I am not talking about long term. My long view is same as yours....DT
FXraider, that was a good question. My answer is that I'm not trading anymore biased this pair, I trade what says my chart.
My position will be short if we break and hold the 1.34 and long as soon as I see it bounces back based on candlesticks and MAC not to forget the TL's.
In this time fundamentals don't work at all for me and I don't care what are the news I only watch my chart.
  • #39,554
  • Oct 15, 2008 5:47pm Oct 15, 2008 5:47pm
Quoting cobraforex
FXraider, that was a good question. My answer is that I'm not trading anymore biased this pair, I trade what says my chart.
My position will be short if we break and hold the 1.34 and long as soon as I see it bounces back based on candlesticks and MAC.
In this time fundamentals don't work at all for me and I don't care what are the news I only watch my chart.
Any reason for 1.34? Psychology lvl? Cos I dun see any support at this lvl.
  • #39,555
  • Oct 15, 2008 5:48pm Oct 15, 2008 5:48pm
Hmmm....
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Axelerod
  • #39,556
  • Oct 15, 2008 5:59pm Oct 15, 2008 5:59pm
Quoting Roegen
I still have my old fibs on it from Friday's move back up from the low of 1.3259 to 1.3497. ........we paused our downward run here at exactly the 61.8 for a couple minutes (1.3443), and are now hovering right at the 50% mark. I mean, right to the pip on both of them.....
I think you are drawing fibs in the opposite direction of standard way. Low percentages top to bottom for a retrace down and bottom to top for a retrace up.
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  • #39,557
  • Oct 15, 2008 6:00pm Oct 15, 2008 6:00pm
Quoting FXraider
Any reason for 1.34? Psychology lvl? Cos I dun see any support at this lvl.
Closing gap and friday close is 3417 on my chart, 3400 is psych level, to be on the secure side I think that will be my point of desicion where to go if it comes that down.
  • #39,558
  • Oct 15, 2008 6:16pm Oct 15, 2008 6:16pm
Quoting rekin28
Hmmm....


Hmmmmm...... we'll see. Long shot. The fun will be in the watching, the closer to the neck (if we get there) the more people there will be wishing they had a small lot open at 3440. If it goes south
  • #39,559
  • Oct 15, 2008 6:25pm Oct 15, 2008 6:25pm
The main idea in trading is making money by using the right way.
Regarding the Eur /USD pair, in my opinion, this is time to look for the big trend. When you look to the daily chart you can see the downtrend. And EUR/USD pair will be bearish to 1.3880 or 1.4185. So it will be a good idea to not trade now and wait for the downtrend.

Regarding the trade that every trader must do;
I will show you buy explaining the move between 1.4818 and 1.3250.
With a mini account size 1000$.
sell 0.10 lot at 1.4541
sell 0.10 lot at 1.4425
sell 0.30 lot at 1.4270
sell 0.50 lot at 1.4083
sell 0.50 lot at 1.3967
sell 1.00 lot at 1.3836
sell 1.00 lot at 1.3734

Take profit is 1.3300 for every order and there is no stop-loss.
Total gain: $1,241 + $1,125 + $2,910 + $3,915 + $3,335 + $5360 + $4,340 = $22,226 isn't it a good trade with $1000 account?

So I will do it again with starting with 0.50 lot at the beginning... fall from 1.3880 or 1.4185 to 1.2870.

This is how every trader must trade.

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  • #39,560
  • Oct 15, 2008 6:25pm Oct 15, 2008 6:25pm
Quoting cobraforex
Hi Ticker, your posts confirm your brand new avatar, good selection

BTW I got stinky fingers trying to catch the bottom (57) like Suntrader says, but the risk/reward is too good and if I loose it on a tight SL and good MM it doesn't hurt.
thanks, I remain cautiously optimistic.
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