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EURUSD

  • #72,881
  • Mar 9, 2009 2:30am Mar 9, 2009 2:30am
Hi All , I just got my acct working today and intend to do my virgin trade. Hope the luck is on my side.
  • #72,882
  • Mar 9, 2009 2:31am Mar 9, 2009 2:31am
Quoting Jasper
Where do you see these longs????

Good Trading.
I think he sees that long developing right here. If we get a 1hr close above 2640 I am thinking about a long myself. London opens in 30 minutes so we will see.
  • #72,883
  • Mar 9, 2009 2:31am Mar 9, 2009 2:31am
Quoting everydaypips
Hi All , I just got my acct working today and intend to do my virgin trade. Hope the luck is on my side.

Hi Driver55, I can tell you are well respected over this FX room. I am from Singapore. May I know where are u from?
  • #72,884
  • Mar 9, 2009 2:33am Mar 9, 2009 2:33am
Quoting everydaypips
Hi Driver55, I can tell you are well respected over this FX room. I am from Singapore. May I know where are u from?

If I wanna to short EURUSD at current level with 35 points stop loss. Any advise ?
  • #72,885
  • Mar 9, 2009 2:35am Mar 9, 2009 2:35am
hi everydaypips

if I'm u , I'm stay out until london open...
I'm lock into -30 pip at the moment for the short entry a while ago....
  • #72,886
  • Mar 9, 2009 2:36am Mar 9, 2009 2:36am
Quoting dysan4x
I think he sees that long developing right here. If we get a 1hr close above 2640 I am thinking about a long myself. London opens in 30 minutes so we will see.

But I called it before that long started to develop. How did I do that?

Just took some profits and am letting a small position ride...
  • #72,887
  • Mar 9, 2009 2:37am Mar 9, 2009 2:37am
Quoting Driver55

I still remain short .. if ... then it comes up... I will go into hedging

EDIT: USDCHF have also big res. at 1,2625-35


Hi Driver55, I short at 1.2651 too.
  • #72,888
  • Mar 9, 2009 2:38am Mar 9, 2009 2:38am
Quoting n00b_101
still have a short open since 1.2679, i should be sleeping by now, how do yall sleep and leave your trades opens, i dont want to get stopped out while i'm sleep and then it goes back down.
If it were me, my absolute max S/Loss would be placed at 1.2715. I would not take a hit bigger than that.
That is a difficult question for another to answer.

Good Trading.
Good Trading. (keep it simple).
  • #72,889
  • Mar 9, 2009 2:42am Mar 9, 2009 2:42am
hi guys
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  • #72,890
  • Mar 9, 2009 2:43am Mar 9, 2009 2:43am
Quoting n00b_101
still have a short open since 1.2679, i should be sleeping by now, how do yall sleep and leave your trades opens, i dont want to get stopped out while i'm sleep and then it goes back down.
#1 practice proper MM so you don't have to worry about losing sleep.

#2 never set a stop loss so you don't have to worry about losing money.
  • #72,891
  • Mar 9, 2009 2:44am Mar 9, 2009 2:44am
1,2658 it's another level to rentry short... but not for everydaypip
The best thing that can happen to you is to find out where you're wrong.
  • #72,892
  • Mar 9, 2009 2:44am Mar 9, 2009 2:44am
Some crazy action so far today. And London hasn't even opened yet.
  • #72,893
  • Mar 9, 2009 2:44am Mar 9, 2009 2:44am
wave chart variant, SL 1.2610
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  • #72,894
  • Mar 9, 2009 2:45am Mar 9, 2009 2:45am
Quoting F.x.
#1 practice proper MM so you don't have to worry about losing sleep.

#2 never set a stop loss so you don't have to worry about losing money.

Wow, I am newbie in FX but about 15 years invest in Stock Market. Could you enlighten me why you no need to use Stop Loss. I was told must set stop loss else can be killing if market trade against my favor ?
  • #72,895
  • Mar 9, 2009 2:46am Mar 9, 2009 2:46am
Hello everyone!

I've opened charts this morning and saw nothing, NOTHING!

Pfff, looks like th ebeginning of a boring day...........but there's always 'monday bloody monday' isn't there?
  • #72,896
  • Mar 9, 2009 2:46am Mar 9, 2009 2:46am
Well I just closed my longs for double what my normal daily profit goal is. Not bad for being up for less than 2 hours so far today.

I'm all out for a few hours so I can go take care of some things. Catch you guys after the london open.

Happy trading!
  • #72,897
  • Mar 9, 2009 2:47am Mar 9, 2009 2:47am
Quoting everydaypips
Wow, I am newbie in FX but about 15 years invest in Stock Market. Could you enlighten me why you no need to use Stop Loss. I was told must set stop loss else can be killing if market trade against my favor ?
Well, 99% of people (and books) will tell you to always set a SL. That's about the same percentage of people that lose money trading.

That's enough reason for me... but I'm crazy like that.
  • #72,898
  • Mar 9, 2009 2:49am Mar 9, 2009 2:49am
Quoting everydaypips
Wow, I am newbie in FX but about 15 years invest in Stock Market. Could you enlighten me why you no need to use Stop Loss. I was told must set stop loss else can be killing if market trade against my favor ?
F.X. is kidding with you dude
  • #72,899
  • Mar 9, 2009 2:49am Mar 9, 2009 2:49am
Quoting Driver55
1,2658 it's another level to rentry short... but not for everydaypip
Agree with that.

Good Trading.
Good Trading. (keep it simple).
  • #72,900
  • Mar 9, 2009 2:52am Mar 9, 2009 2:52am
long, target 1.2810
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