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  • #73,361
  • Mar 10, 2009 2:47am Mar 10, 2009 2:47am
Quoting KillerWhale
One thing is very funny,

Based upon what I read everywhere there is this rumor that 90 - 95 % loses money in this market. I don't know where that is based on but I guess there is some truth in it. I don't know for sure.

Based upon what I read in this thread the opposite is true.
Almost everyone is posting winning trades and almost no one is posting losing trades.
The only ones posting losing trades are the real experienced traders.

So I guess all the beginners and less regular posters are the best traders in the world, because they always...
Of course there will be losing trades, but I have to ask... if you're having so many losing trades, then how experienced are you?

For example... you open a trade and the market moves against you... If you're practicing good money management, you'll add to your position at the appropriate time and recoup what you lost when the market moved against you. Does the first trade count as a loss and the second as a gain? No, I view them both as one trade now, and it would either be break even or a win.

So looking at it this way, if you're an experienced trader, you shouldn't be having many losses, and feasibly you can have zero losses.
  • #73,362
  • Mar 10, 2009 2:48am Mar 10, 2009 2:48am
If this would break below 2709 my short would be sitting in tall cotton. If it goes the other way I'll be in deep Kablooie.
  • #73,363
  • Mar 10, 2009 2:51am Mar 10, 2009 2:51am
I have bearish sentiment towards this pair as long as 1.2991 resistance holds.
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Click to Enlarge Name: eur usd.gif Size: 28 KB
Probability Professor
  • #73,364
  • Mar 10, 2009 2:52am Mar 10, 2009 2:52am
Quoting realjumper
I sure wish this pair would make up it's mind!!!
This always happens an hour or so before the US market opens. Price begins to range or competely stops. My post (above) was almost any hour ago and viewing the P/A on that chart compaired to now, P/A hasn't moved all but 1-2 pips since then.

I've also noticed, right at 7AM (EST-NY) when the US market opens, there always a huge 50pip spike.
  • #73,365
  • Mar 10, 2009 2:53am Mar 10, 2009 2:53am
I hate this damn zig zag cow dung we've had the past few weeks...
  • #73,366
  • Mar 10, 2009 2:54am Mar 10, 2009 2:54am
Quoting dollar_euro
MONEY SAFETY
...Lolyed Bank ...
Ok this one got me to the floor.
  • #73,367
  • Mar 10, 2009 2:56am Mar 10, 2009 2:56am
Quoting Galation
I have bearish sentiment towards this pair as long as 1.2991 resistance holds.
I'm anxious to see if we hit this number too.
  • #73,368
  • Mar 10, 2009 3:00am Mar 10, 2009 3:00am
Quoting tdion
I hate this damn zig zag cow dung we've had the past few weeks...
i dont really hate it...i can play all kinds of markets..ranging..trending..up or down or whatever..but when the range is so tight....i too hate this cow dung for the past few weeks haha...past 12 hours were a gift really...a strong run up
Different opinions highly valued, ignorant to slander.
  • #73,369
  • Mar 10, 2009 3:09am Mar 10, 2009 3:09am
I closed one of my shorts at 2685 with small profit and was going to open long at this point but it already went up Last long i closed was opened 2690, so below this level would be good opening, but i think it may go lower than it did few moments ago so i`m watching market at this time.
  • #73,370
  • Mar 10, 2009 3:17am Mar 10, 2009 3:17am
That short I though was a retracement ... but now, I don't know. Could the trend be changing?

I think I will close out my Long position now!
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  • #73,371
  • Mar 10, 2009 3:20am Mar 10, 2009 3:20am
Quoting Jhig
That short I though was a retracement ... but now, I don't know. Could the trend be changing?

I think I will close out my Long position now!
Nope ... I was wrong!
Long Position stays open!
  • #73,372
  • Mar 10, 2009 3:20am Mar 10, 2009 3:20am
Hows everyone doing with the "cross over" move and probably a jump shot?
It hits my s/l...crap!
Collecting pips
  • #73,373
  • Mar 10, 2009 3:22am Mar 10, 2009 3:22am
Quoting Jhig
That short I though was a retracement ... but now, I don't know. Could the trend be changing?

I think I will close out my Long position now!
Close your long?! shouldn't it be heading up after that fat candles? or should i say that trick move.
Collecting pips
  • #73,374
  • Mar 10, 2009 3:23am Mar 10, 2009 3:23am
Quoting Jhig
Nope ... I was wrong!
Long Position stays open!
You might want to watch that long closely at this point. I'm still short but that only means we are going opposite directions. I think if it breaks above 2728 it may continue long and I'll have to take a loss. Didn't drop far enough to catch my TP and I was having supper so it didn't get closed.
  • #73,375
  • Mar 10, 2009 3:26am Mar 10, 2009 3:26am
I'm all out at the moment, waiting for a better setup to play.
  • #73,376
  • Mar 10, 2009 3:31am Mar 10, 2009 3:31am
Quoting psiholog
i dont really hate it...i can play all kinds of markets..ranging..trending..up or down or whatever..but when the range is so tight....i too hate this cow dung for the past few weeks haha...past 12 hours were a gift really...a strong run up
yeah lack in volatility is ok but for me it is more the change from what i was used to.

Anyway I'm working on a BollingerB strategy on the 5min time frame. It's proving to be frustrating at the moment and yet I will persist.
  • #73,377
  • Mar 10, 2009 3:38am Mar 10, 2009 3:38am
i have 2 positions open
Sell & buy from 1.2715 will close the buy if the price went to 1.2770 OR the sell will be open to end of my chart edge

really hard to predict the market right now.
from my experience when I see the market is moving lets say more then 100 pips in any direction before the news all that mean is the news will go to the other direction..

don;t how to explain that

example: price movement like this ^^^^^^--^^^ (news) ^VVVVVVVVVVV

lol

----
anyone understand my English ?
Follow The Trend
  • #73,378
  • Mar 10, 2009 3:40am Mar 10, 2009 3:40am
Long position is closed, locked in 100 pip profit. Uptrend momentum is shot and isn't going anywhere. I'm out until after Bernanke speak today.
  • #73,379
  • Mar 10, 2009 3:42am Mar 10, 2009 3:42am
Quoting altrader
Anyway I'm working on a BollingerB strategy on the 5min time frame. It's proving to be frustrating at the moment and yet I will persist.
You should read Traderathome's post. He's very good on Bollinger strategy. Take a look on Sonic's or Cobra's thread where sometimes he post his trade.
Manage your risk accordingly and you're half done your home work.
  • #73,380
  • Mar 10, 2009 3:51am Mar 10, 2009 3:51am
I'm flat now too. closed the short +10 but I think the only thing that can change this from being short is an act of god or Bernanke BS. So I can wait till later.
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