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  • #50,161
  • Dec 14, 2008 7:15am Dec 14, 2008 7:15am
Quoting knuckledrag
we'll see in a few hours what the opening brings. Is your target lower than 1.31?
well. I`m planning to exit at 1.32. The place where i entered, for a no profit no loss, as there is a chance of market making a head up on Tuesday... But the price might go well below that. I usually close trades that survived more than 1 or 2 days at no profit no loss prices.
  • #50,162
  • Dec 14, 2008 7:30am Dec 14, 2008 7:30am
Quoting zapper
well. I`m planning to exit at 1.32. The place where i entered, for a no profit no loss, as there is a chance of market making a head up on Tuesday... But the price might go well below that. I usually close trades that survived more than 1 or 2 days at no profit no loss prices.
Well I'm flat right now, so either way works for me. It's likely in my opinion to open down, but I doubt it will continue till Tuesday. Hell lets just flip a coin--it's heads.
  • #50,163
  • Dec 14, 2008 8:05am Dec 14, 2008 8:05am
Quote
Irish govt set to invest billions in banks - paper

The nature will shape the market is such a way that we all know where it is leading to, but are reluctant to take it...
  • #50,164
  • Dec 14, 2008 8:18am Dec 14, 2008 8:18am
short is quite dangerous IMO
http://www.forexfactory.com/showthre...95#post2380695


i think is better wait for 900-1100pips(counting from 1.255) then short around ema120 daily
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  • #50,165
  • Dec 14, 2008 11:14am Dec 14, 2008 11:14am
Quoting knuckledrag
On the dollar subject: When the rate cut comes out Tuesday are you thinking consolidation-up-down?
I tend to think it will be priced in. Where we go from Tuesday I'm not sure.
Short term, consolidation up. Long term, consolidation down. How this will affect your trades depends entirely on what time frame you deal with. If it's 4h and less, you'll be a very happy fellow. Euro bulls like me who trade longer time frames will see a temporary dip and I'm reading to hang on to my f'ing hat.

To go back to the heroin addict analogy, the rate cut will be another hit and another high. But like any high, this one won't last.

Soon, they will look for another hit. And another one....etc.
Not all sins are created equal
  • #50,166
  • Dec 14, 2008 11:37am Dec 14, 2008 11:37am
weekly...
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  • #50,167
  • Dec 14, 2008 12:00pm Dec 14, 2008 12:00pm
Quoting Jay Walker

To go back to the heroin addict analogy, the rate cut will be another hit and another high. But like any high, this one won't last.

Soon, they will look for another hit. And another one....etc.
I see your point, but the US is not the only junkie in the room. Funny how many nations are smoking crack.
  • #50,168
  • Dec 14, 2008 12:04pm Dec 14, 2008 12:04pm
Quoting knuckledrag
I see your point, but the US is not the only junkie in the room. Funny how many nations are smoking crack.
LOL! True

But the US is the best looking horse



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In the glue factory
Not all sins are created equal
  • #50,169
  • Dec 14, 2008 12:09pm Dec 14, 2008 12:09pm
Quoting Jay Walker
LOL! True

But the US is the best looking horse



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In the glue factory


she may just have one more ride in her
  • #50,170
  • Dec 14, 2008 12:28pm Dec 14, 2008 12:28pm
Hi.
Need opinion...
Do u think it will reach 1.3300 when the market is open?

  • #50,171
  • Dec 14, 2008 12:36pm Dec 14, 2008 12:36pm
Quoting Zikry
Hi.
Need opinion...
Do u think it will reach 1.3300 when the market is open?

It's already past that.
Not all sins are created equal
  • #50,172
  • Dec 14, 2008 12:42pm Dec 14, 2008 12:42pm
Quoting Zikry
Hi.
Need opinion...
Do u think it will reach 1.3300 when the market is open?

we will see
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  • #50,173
  • Dec 14, 2008 12:56pm Dec 14, 2008 12:56pm
Quoting knuckledrag
we will see

Hi.
I am new in trading. I need help. Exanple, I placed a sell order Euro/USD at 1.33151 and I put limit about 6.5 pips. Now the market is closed and will open in a couple of hours. I see that the chart has started to move and going down. If it hit my limit, will it close my position during close trding hours?

TQ

http://www.forexfactory.com/images/misc/progress.gif

  • #50,174
  • Dec 14, 2008 1:03pm Dec 14, 2008 1:03pm
Quoting Zikry
Hi.
I am new in trading. I need help. Exanple, I placed a sell order Euro/USD at 1.33151 and I put limit about 6.5 pips. Now the market is closed and will open in a couple of hours. I see that the chart has started to move and going down. If it hit my limit, will it close my position during close trding hours?

TQ

http://www.forexfactory.com/images/misc/progress.gif

Welcome to FF.

Remember that the market never closes. Your broker does.

If it hits your limit, it will close your position. Period.

We've all been new at one point and I strongly recommend that you check out babypips.com and start there. Your survival in these waters may depend on it.
Not all sins are created equal
  • #50,175
  • Dec 14, 2008 1:09pm Dec 14, 2008 1:09pm
Quoting Zikry
Hi.
I am new in trading. I need help. Exanple, I placed a sell order Euro/USD at 1.33151 and I put limit about 6.5 pips. Now the market is closed and will open in a couple of hours. I see that the chart has started to move and going down. If it hit my limit, will it close my position during close trding hours?

TQ

http://www.forexfactory.com/images/misc/progress.gif

your position will most likely be closed. A word of advice; never trade so close to closing time.
  • #50,176
  • Dec 14, 2008 1:11pm Dec 14, 2008 1:11pm
Quoting Jay Walker
Welcome to FF.
n
Remember that the market never closes. Your broker does.

If it hits your limit, it will close your position. Period.
op
We've all been new at one point and I strongly recommend that you check out babypips.com and start there. Your survival in these waters may depend on it.
Thank u. If u dont mind me asking ur opinion.. do u think that it will drop lower than 1.3300 in less than 3 hrs?
  • #50,177
  • Dec 14, 2008 1:16pm Dec 14, 2008 1:16pm
Quoting Zikry
Hi.
I am new in trading. I need help. Exanple, I placed a sell order Euro/USD at 1.33151 and I put limit about 6.5 pips. Now the market is closed and will open in a couple of hours. I see that the chart has started to move and going down. If it hit my limit, will it close my position during close trding hours?

TQ

http://www.forexfactory.com/images/misc/progress.gif

welcome and Jay is right Babypips is the place to start
  • #50,178
  • Dec 14, 2008 1:18pm Dec 14, 2008 1:18pm
Quoting Zikry
Thank u. If u dont mind me asking ur opinion.. do u think that it will drop lower than 1.3300 in less than 3 hrs?
No
Not all sins are created equal
  • #50,179
  • Dec 14, 2008 1:21pm Dec 14, 2008 1:21pm
Thank you for the advice. I will bear that in mind. My life depends on it. Made another mistake but learn more and more each time. Cant afford to make another mistake.
I need fresh air... By the way... thanks guys for replying.
  • #50,180
  • Dec 14, 2008 1:27pm Dec 14, 2008 1:27pm
Quoting Zikry
Thank you for the advice. I will bear that in mind. My life depends on it. Made another mistake but learn more and more each time. Cant afford to make another mistake.
I need fresh air... By the way... thanks guys for replying.
Hearing "my life depends on it" sounds to me like it's a matter of rent and/or food. If that's the case, just don't trade. Get your situation in order until you get a fresh perspective.

Saying you cannot afford another mistake is putting too much pressure on yourself. No matter how good a slugger you are, you can't expect to knock all of them out of the park and you definitely can't join the Cubs saying "We cannot afford another mistake! We must win the world series!"

If you want to learn for the time being, demo trade. When you get to a position where you can afford a mistake here and there and you have learned what you are doing from demo trading, then start trading with real money. But START SMALL.
Not all sins are created equal
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