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  • #72,181
  • Mar 6, 2009 2:35am Mar 6, 2009 2:35am
Quoting derek
wave variant
Amazing entry!! 1.2535
  • #72,182
  • Mar 6, 2009 2:36am Mar 6, 2009 2:36am
Quoting Spsantos
Sure it is psi, it's always nice to match our views on this,


Tough call, i'm out for now, but more biased to another small push up. To exhaust the remaining steam before NFP.

Waiting game i guess...
yes sir it sure is nice! I like your chart analysis..very similar to mine. As you well know..we all have "off" days when nothing seems to work...today is such a day for me facing a second loss for the day. Its all related to my bias...i changed from neutral to short when we were at 1.2565 and have not adjusted since...classic case of been wrong and staying wrong.

in any case..keep posting...your doing a great job...charts would be sweet as well
Different opinions highly valued, ignorant to slander.
  • #72,183
  • Mar 6, 2009 2:37am Mar 6, 2009 2:37am
[quote=KillerWhale;2584404]Wrong, it always looks good. You just have to realign your vision to what you see on the charts.
Are you at a loss, close it or hedge it and wait for a better moment for you.
That better moment will always come and sooner than you might think.

Just don't let losers run and cut off winners. That's exactly the opposite of what you should do.

You think your loss it too big to close it? (I thought that a thousand times in my first 2 years as forex trader), then you entered with poor money management in the first place and you need to improve that.

It took me more than 2 years to get consistent profits in forex, mostly because I thought I was right while more experienced people told me I was wrong. And I didn't believe them.


Shamu

I took a 30 pip loss, I entered the short too early ( I knew I had).

I am now short again at 1.2688. If I am wrong this time, I will have to spend about two hours with the chart to see where I went wrong. (Hope this is not the case)

Good Trading.
Good Trading. (keep it simple).
  • #72,184
  • Mar 6, 2009 2:45am Mar 6, 2009 2:45am
Quoting dotweb.pl
I gues you ment chances to see the roof are lower than to see the ceiling, am i right? I gues so, if trends is still down?

So it seems like yeasturdays antry longs was not so bad at 2482 area, that was not so bad idea to start building longs from that drop down. Todays rise is crazy but as fast as it went up it may go back down. So have your S/P, T/P ready,
I`m currently having some long term shorts but i also did open long to collect some profit on this bounce to the top. We already have double top and both those prices 2716, 2724 was rejected...
You are right,my mistake..
Anyway: ready for diving
  • #72,185
  • Mar 6, 2009 2:48am Mar 6, 2009 2:48am
Morning all guys,

at 2711 i'm out of hedging .. and always short
The best thing that can happen to you is to find out where you're wrong.
  • #72,186
  • Mar 6, 2009 2:50am Mar 6, 2009 2:50am
Quoting psiholog
yes sir it sure is nice! I like your chart analysis..very similar to mine. As you well know..we all have "off" days when nothing seems to work...today is such a day for me facing a second loss for the day. Its all related to my bias...i changed from neutral to short when we were at 1.2565 and have not adjusted since...classic case of been wrong and staying wrong.

in any case..keep posting...your doing a great job...charts would be sweet as well
Amazing, I thought you would have seen the change in direction 5 or 6 hours ago.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #72,187
  • Mar 6, 2009 2:51am Mar 6, 2009 2:51am
Quoting BoredToLoose
We Had a important break today!!


Levels to watch:
1.2777
1.2833
1.2899 Important level, a cross here and then if 1.3177 do not hold, remember December!!
Verifies my 1.2780... cool
In the days of old when sailors were bold, and seldom if ever contented.
  • #72,188
  • Mar 6, 2009 2:52am Mar 6, 2009 2:52am
Quoting Driver55
Morning all guys,

at 2711 i'm out of hedging .. and always short
Hi Driver,I close my hedging at 1.2700 (2 positions).Waiting to catch my other 2 shorts from 1.2550 to 1.2400
  • #72,189
  • Mar 6, 2009 2:54am Mar 6, 2009 2:54am
Quoting psiholog
btw here is what spsantos said so all can see...the bull flag.

my M did not hold up and im most likely going to get stopped out here =/

Attachment

that flag has just evolved into a bigger flag on the 15minute charts. now you may be asking yourself..psiholog..why dont you just pull out here and minimize loss. my answer to you would be ..."my initial reasons for entry were sound...i was wrong therefore i must pay the price....then there is the element of luck....we all get lucky sometimes (its part of every trade really)...so im hoping the god of pips will move pa in my favor while at the same time willing to take the loss. another trade is just around the corner". THis method of thinking may sound crazy to you but i too am constantly learning and the best time to learn is when i face a loss...if i win all the time....what am i learning..nothing. Hope it makes sense

Attached Image (click to enlarge)
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Different opinions highly valued, ignorant to slander.
  • #72,190
  • Mar 6, 2009 2:58am Mar 6, 2009 2:58am
Shamu

I took a 30 pip loss, I entered the short too early ( I knew I had).

I am now short again at 1.2688. If I am wrong this time, I will have to spend about two hours with the chart to see where I went wrong. (Hope this is not the case)

Good Trading.[/quote]

You might get lucky here.
Retrace has set in. Just be very careful and try to be flat @ NFP
New voice message: Why are you calling me? If I need you, I'll call you!
  • #72,191
  • Mar 6, 2009 2:58am Mar 6, 2009 2:58am

We have touched the line Gann 50% from the maximum marked on 25 Feb.

Attached Image (click to enlarge)
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The best thing that can happen to you is to find out where you're wrong.
  • #72,192
  • Mar 6, 2009 2:59am Mar 6, 2009 2:59am
Quoting KillerWhale
Shamu

I took a 30 pip loss, I entered the short too early ( I knew I had).

I am now short again at 1.2688. If I am wrong this time, I will have to spend about two hours with the chart to see where I went wrong. (Hope this is not the case)

Good Trading.
You might get lucky here.
Retrace has set in. Just be very careful and try to be flat @ NFP[/quote]

anyone still in LONG?
  • #72,193
  • Mar 6, 2009 3:00am Mar 6, 2009 3:00am
Quoting Legio_Ulpia
Hi Driver,I close my hedging at 1.2700 (2 positions).Waiting to catch my other 2 shorts from 1.2550 to 1.2400
Hi Legio
The best thing that can happen to you is to find out where you're wrong.
  • #72,194
  • Mar 6, 2009 3:01am Mar 6, 2009 3:01am
Driver55, small correction and further need open buy orders
{Promotion Removed}
  • #72,195
  • Mar 6, 2009 3:03am Mar 6, 2009 3:03am
Quoting derek
Driver55, small correction and further need open buy orders
what do u mean?
  • #72,196
  • Mar 6, 2009 3:07am Mar 6, 2009 3:07am
Quoting siobi
what do u mean?
see wave chart
Attached Image (click to enlarge)
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{Promotion Removed}
  • #72,197
  • Mar 6, 2009 3:07am Mar 6, 2009 3:07am

For my part, I will care ,if we descend to the level 1.2662, the highest of the cluster bar marked at 4th Feb

The best thing that can happen to you is to find out where you're wrong.
  • #72,198
  • Mar 6, 2009 3:08am Mar 6, 2009 3:08am
Quoting derek
see wave chart

cant seems to understand.. u r trying to say EU is in adustment and going to ride high?
  • #72,199
  • Mar 6, 2009 3:10am Mar 6, 2009 3:10am
I'm short at 2685 a target of 2615.
  • #72,200
  • Mar 6, 2009 3:10am Mar 6, 2009 3:10am
I added second short at 2683

P.S.

and my small "baby gap" on 1h is getting filled - if u dont know what im taking about forget it, some part of my trading plan is based on madness.....
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