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  • #72,701
  • Mar 8, 2009 3:58pm Mar 8, 2009 3:58pm
Quoting albchr
Hi,

I'm a fairly new trader so this in NO WAY should be taken as intelligent advice but seeing as I do tend to take larger than normal risks, I'd set my s/l even further away because as of close Friday it was on its way up and I'd actually hold this position. With the daily and 4h clearly showing a down trend, I think you every chance of hitting your t/p and then some.

I'm looking to see it get back to the 2500 support this week. I'll wait to see how high it gets before going short to that end.

Just my take...NOT ADVICE...but it's what I'd...
I very much understand now, Thank you
  • #72,702
  • Mar 8, 2009 4:00pm Mar 8, 2009 4:00pm
Quoting Jay Walker
LOL! How's my impression so far?
Another useless Post from me.

I'm LOVING IT!!
Let Freedom Ring!
  • #72,703
  • Mar 8, 2009 4:01pm Mar 8, 2009 4:01pm
Quoting emda
you will understand that some day... it is not so difficult to understand.
A hint. It depends on your target profit. You don't want to be stopped at breakeven when you think there is more potential to the upside than to the downside... but you have to have a margin of operation to filter the noise and the stop hunting.. But if you want to be stop hunted...

And don't tell any trader to NEVER do something if you don't know what you say.
40 pips is not noise for EU

Do whatever you want, I've been there done that
New voice message: Why are you calling me? If I need you, I'll call you!
  • #72,704
  • Mar 8, 2009 4:01pm Mar 8, 2009 4:01pm
Oanda spread still at 10 pips
  • #72,705
  • Mar 8, 2009 4:04pm Mar 8, 2009 4:04pm
I took my pips and ran on Friday before close.

So now I'm with plan A. Daily chart.

Long at 2904

http://i44.tinypic.com/2rndc0k.jpg

Plan B. Plan B is an H8 chart and what I believe is a "not-bloody-likely-to-happen-and-probably-wont" scenario. But the order is there anyways. Short if it hits 2472.

http://i41.tinypic.com/2hfqvkx.jpg
Not all sins are created equal
  • #72,706
  • Mar 8, 2009 4:04pm Mar 8, 2009 4:04pm
I do have a question maybe useless maybe not...Does anyone know or have a Traders Journal? You know the kind you can keep track of the trades, reasons for the trade etc.??? I thought about makeing one in Excel however don't like to take time away from trading. LOL. Maybe a little lazy also..
Thanks lindee
Let Freedom Ring!
  • #72,707
  • Mar 8, 2009 4:09pm Mar 8, 2009 4:09pm
Quoting _tlk_
Traders!!!

You're so full of shit talking about nonsense allmost all of your time here.
No wonder that the majority of loosers are stuck to forums like this.

Please, when making a post. Make sure it's a one that could educate your fellow trader so the banks that control this game won't take as much money as they do. Please!!!!!!

I didn't mean to offend anyone here, my intention was to make sure that you got your act together.

Those who felt offended (no names) maybe thought there was some truth to it, right?

Happy trading
  • #72,708
  • Mar 8, 2009 4:14pm Mar 8, 2009 4:14pm
Quoting Doniboy
Oanda spread still at 10 pips
I have 2 pips spread at my broker, but on friday when unemploymend data was close there was 40 pips
  • #72,709
  • Mar 8, 2009 4:16pm Mar 8, 2009 4:16pm
Quoting _tlk_
I didn't mean to offend anyone here, my intention was to make sure that you got your act together.

Those who felt offended (no names) maybe thought there was some truth to it, right?

Happy trading
I'm not offended I don't get offended from statements like that. I was being fecious because You, who I do not know, feel that you are powerfull enough to "make sure that we get our act together" who appointed you Forum Pooliceeee.

Not Offence ment...just trade and leave others act alone. I don't post here to often however there are some great traders here, and I do not reconize your name amoungst them.
lindee
Let Freedom Ring!
  • #72,710
  • Mar 8, 2009 4:16pm Mar 8, 2009 4:16pm
Quoting dotweb.pl
I have 2 pips spread at my broker, but on friday when unemploymend data was close there was 40 pips
Wow, I guess I shouldn't complain then...


Does anyone know when Oanda gets rid of the weekend spread?
  • #72,711
  • Mar 8, 2009 4:18pm Mar 8, 2009 4:18pm
Quoting Doniboy
Wow, I guess I shouldn't complain then...


Does anyone know when Oanda gets rid of the weekend spread?
I'll go out on a limb here but I'd say...when the weekend is over?
Not all sins are created equal
  • #72,712
  • Mar 8, 2009 4:19pm Mar 8, 2009 4:19pm
Quoting Doniboy
Wow, I guess I shouldn't complain then...


Does anyone know when Oanda gets rid of the weekend spread?
I think it's around 6pm est (but it could be 5pm). It usually drops to 7 pips for a while then down to about 2.5 pips.
  • #72,713
  • Mar 8, 2009 4:19pm Mar 8, 2009 4:19pm
Quoting Jay Walker
I'll go out on a limb here but I'd say...when the weekend is over?
Thank you...I'll jot that down in my list of "Ask a stupid question, get a..."
  • #72,714
  • Mar 8, 2009 4:20pm Mar 8, 2009 4:20pm
Quoting Bluemeanie
I think it's around 6pm est (but it could be 5pm). It usually drops to 7 pips for a while then down to about 2.5 pips.
Thanks, its 5:20 EST right now.
  • #72,715
  • Mar 8, 2009 4:20pm Mar 8, 2009 4:20pm
Kindly not the fallowing:
Eur/usd moved according to these levels during the past, Level 1 = 8 % down rally, Level 2 = 16 % up rally, Level 3 = 33 % down rally, Level 4 = 43 % up rally.
What is interesting in 2000 eur/usd was on the lowest low of 0.8222 after going till the highest high level 1,6044.
More auditing to eur/usd weekly chart will show you that this pair, always paint 2 tops, after a down correction forming the shape of a mountain, now this mountain with 2 tops with a highest high of 1,6044 still need from the other side 43 % rally down, till eur/usd paint his mountain.
Took 8 years till ending with a catastrophic economic crises (which need unrgent repair) from 0.8222 till 1.6044, to fix this problem uregently at least it need 4 years or let say 2 years … this is why somehow in 2013 it’s possible to see eur/usd on 0.8222, or in 2011 to see it on a level of 1.0000
  • #72,716
  • Mar 8, 2009 4:23pm Mar 8, 2009 4:23pm
Just hope no one is SHORT.....
  • #72,717
  • Mar 8, 2009 4:24pm Mar 8, 2009 4:24pm
Quoting Doniboy
Thanks, its 5:20 EST right now.
Yep, I just realised the clocks changed last night in the rest of the country but I'm in AZ where they never change (already plenty of sunlight ). The spready usually drops when some of the other brokers open like IBFX. Watch the turn of each hour.
  • #72,718
  • Mar 8, 2009 4:26pm Mar 8, 2009 4:26pm
Quoting _tlk_
Just hope no one is SHORT.....
I think maybe we should be supporting each other.
  • #72,719
  • Mar 8, 2009 4:31pm Mar 8, 2009 4:31pm
Quoting Doniboy
I think maybe we should be supporting each other.
Let Freedom Ring!
  • #72,720
  • Mar 8, 2009 4:32pm Mar 8, 2009 4:32pm
http://www.iht.com/articles/reuters/...G-CONGRESS.php

Aig failue would bring down Europe
Where are those who told me Europes picture looks much rosier, in the long run Europe is finished.
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