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EURUSD

  • #48,181
  • Dec 3, 2008 10:54pm Dec 3, 2008 10:54pm
Quoting TradeWell
Sorry I couldn't get back to you right away. I was taking advantage of the lull in the market.

I have been trying to figure out myself what my stop loss is. If I put a number on it, I would say 20 but it can be 10 to 30. It can depend; if there is a pivot nearby it may be lower. I watch PA to help me decide.

With such a small amount of pips you are risking for your risk/reward ratio is high. Usually your stop will be maybe 1/2 of what you are trying to gain. Some on this thread scalp small trades like that but use no SL. I don't recommend that...
TradeWell, Thank you so much for the help! I usually dont use a stop but will pull a trade if it goes 25 pips against me. Ill read that thread right now! Thanks again for all the help it means a lot!
  • #48,182
  • Dec 3, 2008 10:59pm Dec 3, 2008 10:59pm
Amazing... Geppy and ej both hit the figures at almost the same instant within a a few pips and stopped dead.
FUBAR...
  • #48,183
  • Dec 3, 2008 11:04pm Dec 3, 2008 11:04pm
Quoting ak4x
Here's my take on that fwiw, and this could probably apply to most any "bad" USD news these days. That little thing is the result of a decision if I'm not mistaken, not an economic report.

First how long has been since there was any "good" news? It get revised later anyway and turns out to be bad new after all but who cares by then?

Second, since it is a "decision" and not a report, there is at least as good a chance that other nations will look at it as a way in which the US is taking charge of a problem and looking to contain it and...
have kids we can sell them later to help pay off all this debt. uncle sam is making..hell maybe go to china buy some kids cheap and resell them here in the u.s. as indtured servants of the gov. to pay our bills..
those who can, do. those who cant, talk about those who can
  • #48,184
  • Dec 3, 2008 11:06pm Dec 3, 2008 11:06pm
indentured servant..i cant type or spell
those who can, do. those who cant, talk about those who can
  • #48,185
  • Dec 3, 2008 11:22pm Dec 3, 2008 11:22pm
Quoting traderathome
"And yes...i started with 250 dollars last month my last attempt at conquest of forex...now im up to 1100...all 25 cent pips and 50cent pips...a few 1dollar in there...the market has not been easy to play...before month ends...possibly 3000...then next month...6000 or higher..and so on...no over leverage here...whoo i must be drunk or id be embarrased sharing this pathetic mini account of mine" - CobraForex


Account: Name:Currency: USD2008 December 4, 06:53Closed Transactions:TicketOpen TimeTypeSizeItemPriceS...
congradualations..
those who can, do. those who cant, talk about those who can
  • #48,186
  • Dec 3, 2008 11:23pm Dec 3, 2008 11:23pm
Quoting traderathome
"And yes...i started with 250 dollars last month my last attempt at conquest of forex...now im up to 1100...all 25 cent pips and 50cent pips...a few 1dollar in there...the market has not been easy to play...before month ends...possibly 3000...then next month...6000 or higher..and so on...no over leverage here...whoo i must be drunk or id be embarrased sharing this pathetic mini account of mine" - CobraForex


Account: Name:Currency: USD2008 December 4, 06:53Closed Transactions:TicketOpen TimeTypeSizeItemPriceS...
put money where your mouth is, we don't care about demo account results.
  • #48,187
  • Dec 3, 2008 11:23pm Dec 3, 2008 11:23pm
Continued heaviest volume at lowest prices.......
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  • #48,188
  • Dec 3, 2008 11:28pm Dec 3, 2008 11:28pm
Quoting traderathome
Starting Jan 1, 2009 ......same strategy with real money.
might want to wait after first. that week can be crazy
those who can, do. those who cant, talk about those who can
  • #48,189
  • Dec 3, 2008 11:31pm Dec 3, 2008 11:31pm
you have not traded live yet traderathome??????..nooooo way..you are in the top 5% of knowledgeable traders here..how can that be


word of advice...get rid of the "manipulator did this or that obsession" once you start live...act like they dont exist..its just you and the pair and the loss or potential profit you face
Different opinions highly valued, ignorant to slander.
  • #48,190
  • Dec 3, 2008 11:32pm Dec 3, 2008 11:32pm
should of listenend to my own charts.. would of made 40 on my double top short..
those who can, do. those who cant, talk about those who can
  • #48,191
  • Dec 3, 2008 11:35pm Dec 3, 2008 11:35pm
Classic Double Top complete with lower high and break of both insde low and DPP.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 31 KB
  • #48,192
  • Dec 3, 2008 11:38pm Dec 3, 2008 11:38pm
Quoting traderathome
I did not say I had not traded live. I am not new to this. But what I am doing now on demo is preparation for a New Year.
ah okay gotcha...still...forget about them manipulators..we know they exist...we know they push price wherever they please...lets act like we dont see it


Edit:...i am so bullish today its not even funny...i see 1.2850 at least before ny session ends...ecb rate cuts good for dollar?...HAH...
Different opinions highly valued, ignorant to slander.
  • #48,193
  • Dec 3, 2008 11:42pm Dec 3, 2008 11:42pm
Quoting hard1head1
Classic Double Top complete with lower high and break of both insde low and DPP.

Jim
Or.....
Attached Image (click to enlarge)
Click to Enlarge Name: eu 30 minutes #3 on 12-03-2008.gif Size: 54 KB
  • #48,194
  • Dec 3, 2008 11:46pm Dec 3, 2008 11:46pm
Quoting hard1head1
Classic Double Top complete with lower high and break of both insde low and DPP.

Jim
yeah i saw that and didnt trade it.. oh well.. maybe next time..
those who can, do. those who cant, talk about those who can
  • #48,195
  • Dec 3, 2008 11:49pm Dec 3, 2008 11:49pm
OR.....LOL



Quoting traderathome
Or.....
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  • #48,196
  • Dec 3, 2008 11:51pm Dec 3, 2008 11:51pm
I think this train is going down.
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  • #48,197
  • Dec 3, 2008 11:52pm Dec 3, 2008 11:52pm
twmc... hey the eur/chf has a 550 pip potentiol to the downside.. may want to watch this one if eur gets weak..its got long term short potential;
those who can, do. those who cant, talk about those who can
  • #48,198
  • Dec 3, 2008 11:55pm Dec 3, 2008 11:55pm
I deleted my posts regarding trading results........that no one should be upset or assume anything. It was a mistake. I apologize to anyone I disturbed.
  • #48,199
  • Dec 3, 2008 11:59pm Dec 3, 2008 11:59pm
Quoting hard1head1
OR.....LOL
or.....
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  • #48,200
  • Dec 4, 2008 12:02am Dec 4, 2008 12:02am
Quoting traderathome
I deleted my post regarding trading results........that no one should be upset or assume anything. It was a mistake. I apologize to anyone I disturbed.
hey man im glad your doing well.. this beast can be a b itch .. i hope u do well. and invite any comments to keep me straight.. some times we all have a run where we cant do anything right.. so and sometimes cant make a bad trade... its good to have other ideas and opinions. sometimes you cant c the tree because the forrest is in the way
those who can, do. those who cant, talk about those who can
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