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  • #63,801
  • Feb 10, 2009 8:36pm Feb 10, 2009 8:36pm
Looks like 1.2899 is great resistance/support this morning. Long/short 3 times & TP 10 pips each
  • #63,802
  • Feb 10, 2009 8:38pm Feb 10, 2009 8:38pm
Quoting dimitrius
Yeah, I think I need one of them big ol red phones with a direct line to Bemac's brain to hear what he's thinking.

The chop in this market has killed me the past few weeks. Not good for my sanity.
Everything is consolidation until it proves otherwise. Just stay in the lines and take profit at every opportunity. Just my thoughts
  • #63,803
  • Feb 10, 2009 8:43pm Feb 10, 2009 8:43pm
whats going on guys im back i see the market is right where i left it at though
  • #63,804
  • Feb 10, 2009 8:44pm Feb 10, 2009 8:44pm
Quoting knuckledrag
Everything is consolidation until it proves otherwise. Just stay in the lines and take profit at every opportunity. Just my thoughts
Yeah, I was never good at trading the consolidation periods. Keep giving back more than I'm making at the moment, being to impulsive with my trading.

I think I need to print out your consolidation statement and stick it to my monitor. Keep me on the straight and narrow.
  • #63,805
  • Feb 10, 2009 8:46pm Feb 10, 2009 8:46pm
Quoting Bemac
I'm doin' the Cobra Thingy.
Long @ 1.2871 lookin' for 1.2920 or so...
Currently @ 1.2875.
I am timing my long entry, just seeing an overdue move, it should be up, but I want to be sure... what's your SL? I feel like it might dip and jump.
What goes up... Must come down
  • #63,806
  • Feb 10, 2009 8:47pm Feb 10, 2009 8:47pm
I think EUR/USD may be forming a rounded bottom on the daily chart that coincides with a bounce off of the rising trendline. So my long-term bias is long.

Jon

http://www.tradinggroove.com/image.a...SD20090210.jpg
  • #63,807
  • Feb 10, 2009 8:55pm Feb 10, 2009 8:55pm
i see a short term short b4 it goes long
  • #63,808
  • Feb 10, 2009 8:57pm Feb 10, 2009 8:57pm
Quoting dimitrius
Yeah, I think I need one of them big ol red phones with a direct line to Bemac's brain to hear what he's thinking.

The chop in this market has killed me the past few weeks. Not good for my sanity.
"direct line to MY brain."

How do you think I arrived at the position in my trading career of telling people what 'I Think'

Clue; It wasn't by allowing Others to Think for Me...
  • #63,809
  • Feb 10, 2009 9:15pm Feb 10, 2009 9:15pm
Quoting Bemac
"direct line to MY brain."

How do you think I arrived at the position in my trading career of telling people what 'I Think'

Clue; It wasn't by allowing Others to Think for Me...
Sweet old Bemac. Oh that would be SOB for short. Love ya man
  • #63,810
  • Feb 10, 2009 9:22pm Feb 10, 2009 9:22pm
Quoting CAnthonyMVE
i see a short term short b4 it goes long
All I can do is piece in...my risk reward strategy is set. I'm swinging for the fences here in the intermediate term.
  • #63,811
  • Feb 10, 2009 9:25pm Feb 10, 2009 9:25pm
question how much taxs do you guys pay for your forex trades at the end of the year?
  • #63,812
  • Feb 10, 2009 9:35pm Feb 10, 2009 9:35pm
Quoting CAnthonyMVE
question how much taxs do you guys pay for your forex trades at the end of the year?
That's a really good question. From what I can tell here in Canada you only get nailed with taxes when you withdraw the money from your broker.

I was wondering if I should set this up a small business, that way you can write off some expenses, such as the home office from the mortgage and office material etc.

Cheers
  • #63,813
  • Feb 10, 2009 9:35pm Feb 10, 2009 9:35pm
Quoting knuckledrag
Sweet old Bemac. Oh that would be SOB for short. Love ya man
SOB = Sweet Old Bemac. Cool... That's a step forward from my previous class.
  • #63,814
  • Feb 10, 2009 9:45pm Feb 10, 2009 9:45pm
Quoting Bemac
SOB = Sweet Old Bemac. Cool... That's a step forward from my previous class.
hey are you still long, and what's your SL
What goes up... Must come down
  • #63,815
  • Feb 10, 2009 9:49pm Feb 10, 2009 9:49pm
Quoting yanick2nick
hey are you still long, and what's your SL
SL 1.2882 TP CURRENTLY @ 1.2896.

Yes I'm still Long 3 Big.
  • #63,816
  • Feb 10, 2009 9:51pm Feb 10, 2009 9:51pm
Quoting Bemac
SL 1.2882 TP CURRENTLY @ 1.2896.

Yes I'm still Long 3 Big.

i see your stop loss was just hit
  • #63,817
  • Feb 10, 2009 9:53pm Feb 10, 2009 9:53pm
Stopped.
But with a small profit.
What else could I expect on a Scalp?
  • #63,818
  • Feb 10, 2009 9:57pm Feb 10, 2009 9:57pm
we have a chanel for the stock market why da hell dont the have one for forex
  • #63,819
  • Feb 10, 2009 9:59pm Feb 10, 2009 9:59pm
Quoting Bemac
"direct line to MY brain."

How do you think I arrived at the position in my trading career of telling people what 'I Think'

Clue; It wasn't by allowing Others to Think for Me...

Just a bit of friendly banter Bemac. Not expecting anything from you. Just blowing off some steam.
  • #63,820
  • Feb 10, 2009 10:05pm Feb 10, 2009 10:05pm
Quoting Bemac
Stopped.
But with a small profit.
What else could I expect on a Scalp?
That's what i've been doing so far, just taking little bits here and there, wating for the move up
I expect some movement around midnight and move up for the night, any ideas?
What goes up... Must come down
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