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  • #47,941
  • Dec 2, 2008 1:47pm Dec 2, 2008 1:47pm
Quoting _mas
Ye thanks guys. I went out at 80. I had internet connection problems and wanted to get out at 75, but i had to call and wait, and then they liquidated my position at 80. However, a total profit today of 1250 dollar.

I wont trade now for a very very long time. I know i was very lucky, and how i just keep my trades and never liquidate them(shorted at 1.2677, and held it all the way up to 1.2765, down to 1.2680 where i liquidated it). Im too irrational, i dont want to liquidate when I'm losing.


Man i get too stressed out doing this....
If it's too stressful, don't quit your day job.
  • #47,942
  • Dec 2, 2008 1:54pm Dec 2, 2008 1:54pm
Quoting StefanoProdi
Looks like market is playing the psiholog triangle and not the H&S... Now two lots short @1,2686 average entry.
what is this triangle you speak of? Im still seeing a head and sholders
  • #47,943
  • Dec 2, 2008 1:56pm Dec 2, 2008 1:56pm
Quoting ak4x
if that was to me... that is a +3 pip sl from the entry and not a trailing stop.

for example... if price has dropped 100 pips, then my sl stays at entry +3 to +10 or whatever it might be and that means there is a 90 to 97 pip cushion on that trade that might then incresae or dercesae as price spikes a'rd. I've posted extensively on this topic over the past several weeks if you want to know more, but that's how it works.

I have one running ej short for instance that has had 25% taken off at 100 pips from 119.14. I have a +4 pip SL set at 119.10...

Ahhh..ok..that makes much more sense, as I was trying to figure that one out....yes, I will do a variation of that as well. Normally if my trade is positive by 40 pips, I will then move my stop to break even and then trail stop the remainder...thanks for explaining that one thoroughly.
  • #47,944
  • Dec 2, 2008 1:57pm Dec 2, 2008 1:57pm
Yes, but I'm from sweden, and when i deposited money in june(the account is in dollar), the usd/sek= 5.9 or something.

Now it is, 8.3, so I've earned like 35%.

The minimum deposit at hotspot fx, is 7500 dollar, and i blew away like 2800 dollar in one week, so the account value decreased to 4750 dollar.

Today i wanted to withdraw my money, however i wanted to trade a last time

So all in all, i got 6000 dollar now in my account.

Profit:
Initially (in june): 7500*5.9=44250 sek

Today= 6000*8.33=49980

49980/44250=12.9% increase.

Lol im such a lucky bastard..its hilarious how i managed to survive this. I dont think i will never go back, maybe in a couple of years.

I only lucked to today by this stragy:

holding for ages. and close your position as soon as you are in profit. With this strategy, you will get many many small winners, but when u lose, you lose big. However, i didnt get that big loser yet, im quiting before i get it

However, i got that big losing trade last time. I went up from 7500 dollar to 9000 dollar(about 15 winners in a row). When in three very emotional trades the accaount value decreased to 4750 dollar.
  • #47,945
  • Dec 2, 2008 2:20pm Dec 2, 2008 2:20pm
Quoting weswes
what is this triangle you speak of? Im still seeing a head and sholders
Attached Image (click to enlarge)
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Different opinions highly valued, ignorant to slander.
  • #47,946
  • Dec 2, 2008 2:23pm Dec 2, 2008 2:23pm
Quoting _mas
Yes, but I'm from sweden, and when i deposited money in june(the account is in dollar), the usd/sek= 5.9 or something.

Now it is, 8.3, so I've earned like 35%.

The minimum deposit at hotspot fx, is 7500 dollar, and i blew away like 2800 dollar in one week, so the account value decreased to 4750 dollar.

Today i wanted to withdraw my money, however i wanted to trade a last time

So all in all, i got 6000 dollar now in my account.

Profit:
Initially (in june): 7500*5.9=44250 sek

Today= 6000*8.33=49980

49980/44250=12.9% increase.

Lol im such...
if you continue with that risk... you are going to give that 6000 euros away to who knows before the ending of this week. If this is money you can lose it is ok. if not. pelase read about money management before trading
  • #47,947
  • Dec 2, 2008 2:30pm Dec 2, 2008 2:30pm
last half an hour of stock market is crucial...we may see another 100-200points up or go back to zero for the day or worse...regardless it will be highly volatile ....personally...im looking for entries after this next half hour when the market calms down

Sidenote:dow/s&p 500 strength=dollar weakness and vice versa...hope all know this by now
Different opinions highly valued, ignorant to slander.
  • #47,948
  • Dec 2, 2008 2:49pm Dec 2, 2008 2:49pm
Quoting psiholog
Attachment
regarding that triangle ( a pattern which i play most of the time) is highly subjective. as often occurs...a triangles walls get expanded many times before a true breakout occurs. a breakout is characterized by a strong bull or bear volume closing outside the triangle walls. (the earlier spike down only extended the wall). so how does one play such a triangle..or flag as it is in this case(continuation up pattern)...there used to be a time when i was naive and just bought at the lower wall of the triangle. I still do that sometimes if a triangle is over 100pips in its range. In most cases like this one though...i wait for the breakout and then the retest of the breakout wall. if no retest occurs...i keep an eye on the current high as its the final resistance before we go higher..that too may provide an entry long. My entry methods are based purely on gut feeling so i cannot explain exactly when and why i decide to enter. All i can say is I analyze candlestick patterns at that time..the gap concept i mentioned so much lately...how the pair reacts once the high is reached again and so on...there is no easy way to explain it. Good pippin all
Different opinions highly valued, ignorant to slander.
  • #47,949
  • Dec 2, 2008 3:12pm Dec 2, 2008 3:12pm
I see a lot of resistance now... and oil is 47.5... euro should have to drop...
  • #47,950
  • Dec 2, 2008 3:23pm Dec 2, 2008 3:23pm
I think we will go UP till purple TL before DOWN we are..
SELL from bounce from there me will ..maybe ..
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  • #47,951
  • Dec 2, 2008 3:25pm Dec 2, 2008 3:25pm
Quoting emda
I see a lot of resistance now... and oil is 47.5... euro should have to drop...
i thought about that...the headline was saying oil is at the cheapest in what...3 years...amazing indeed. but then i asked myself...if the correlation between cheap oil and eur/usd was so strong...at least today...wouldnt eur/usd be at the lows by now? Then there is the stock market...it closed at its highs..270points up for the dow which is very similar to eur/usd pa at the moment. We all know by now asian session usually goes against the trend...the trend up to now has been up so we may go down a bit...the question is...is there any reason for us to drop alot?...possibly going to a new low?...If you know any reasons please tell me as i am blind to this possibility.
Different opinions highly valued, ignorant to slander.
  • #47,952
  • Dec 2, 2008 3:28pm Dec 2, 2008 3:28pm
Quoting emda
I see a lot of resistance now... and oil is 47.5... euro should have to drop...
The correlation isn't quite what it used to be..

for instance bring up a 4 hour chart of EU and Oil.. oil is clearly been in a down trend over the same time period and EU has moved sideways in a range.

EU is actually almost exactly where is was a month ago.. and Oil is down close to $20.

The only currency I trade is EU. But I do watch commodities. Oil Gold Also the DOW. Helpful but not always quite what we expect.
  • #47,953
  • Dec 2, 2008 3:29pm Dec 2, 2008 3:29pm
Quoting psiholog
i thought about that...the headline was saying oil is at the cheapest in what...3 years...amazing indeed. but then i asked myself...if the correlation between cheap oil and eur/usd was so strong...at least today...wouldnt eur/usd be at the lows by now? Then there is the stock market...it closed at its highs..270points up for the dow which is very similar to eur/usd pa at the moment. We all know by now asian session usually goes against the trend...the trend up to now has been up so we may go down a bit...the question is...is there any reason for...

Damn it.. You always get the same answer in first


Time for me to get off here... Take care guys! Good trades!
  • #47,954
  • Dec 2, 2008 3:33pm Dec 2, 2008 3:33pm
Quoting Dansnali
Damn it.. You always get the same answer in first


Time for me to get off here... Take care guys! Good trades!

I apologize...this thread is my life currently for the next 6months...i have nothing else to do...im young i type fast and want to be a leader...please do not feel bad..use the fact that we agree on this issue as confirmation for your observations
Different opinions highly valued, ignorant to slander.
  • #47,955
  • Dec 2, 2008 3:44pm Dec 2, 2008 3:44pm
well... you are right... it should have dropped already... I think euro won't drop until the interest rate statement is released... time for scalping ?
  • #47,956
  • Dec 2, 2008 3:48pm Dec 2, 2008 3:48pm
Quoting emda
well... you are right... it should have dropped already... I think euro won't drop until the interest rate statement is released... time for scalping ?
its always time for scalping..although the eur/usd is dead for the time being. as far as euro interest rates go...lets follow what suntrader always says...trade the reaction and not the news...in my opinion it was already built in anyways on sunday/monday
Different opinions highly valued, ignorant to slander.
  • #47,957
  • Dec 2, 2008 3:50pm Dec 2, 2008 3:50pm
gy and ej are holding up as well, i'm inclined to be thinking the risk appetite issue is currently a bit bigger atm.

could be residual euphoria from the dow close and whatever they're smoking there these days.
FUBAR...
  • #47,958
  • Dec 2, 2008 3:51pm Dec 2, 2008 3:51pm
New Update for Asian and Euro session:

EUR/USD Buy near 1.2643
GBP/USD Buy near 1.4847
AUD/USD Buy near 0.6373
NZD/USD Nuy near 0.5283

USD/CAD Sell near 1.2607
USD/CHF Sell near 1.2093
USD/JPY Sell near 93.77
{Promotion Removed}
  • #47,959
  • Dec 2, 2008 5:00pm Dec 2, 2008 5:00pm
Pivots for today from 5pm
Attached Image
FUBAR...
  • #47,960
  • Dec 2, 2008 5:12pm Dec 2, 2008 5:12pm
Here's the 1hr chart I'm looking at tonite (minus all my indi's and junk) with both pivots and a swing fib on it.

The fib is getting a little dated but price is respecting it well so far and I'll keep it for now., along with the more current one (hidden) that has yet to prove itself (altho the 50% retracement of that one was spot on) .. notice the high topping out right at the 162% extension. doesn't get any better than that.

Hope this helps some of you that sound a little lost from time to time about where or what price is doing. I used to copy to desktop other peoples charts that seemed to make more sense than my own and keep them on my desktop to toggle on as needed when I was starting out.

Feel free to do the same with this one if the reference stuff helps and you don't want all that glop on your charts.
Attached Image
FUBAR...
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