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  • #73,981
  • Mar 11, 2009 7:45am Mar 11, 2009 7:45am
Quoting F.x.
Why would your trading habits change with the amount with which you are trading?

Trading is boring 99% of the time, FF gives us something to do during that 99%. Doesn't matter if you're trading demo or a million bucks.

PS - get ready for a drop...
thanks. i can honestly say i have not needed this thread since october. sure im still learning things all the time..like the cot data or w/e that is (need to research it. im pretty set in my strategy though so not much change is going to happen there. in any case...forex is boring like you say so thank you for confirming that ill probably still be around many years from now...if this forum is still active...not necessarily to learn something new but to override the boring hours that is usually associated with currency trading
Different opinions highly valued, ignorant to slander.
  • #73,982
  • Mar 11, 2009 7:46am Mar 11, 2009 7:46am
Depending on how you do your wave count this is either wave 3 or 4. I don't see much more to the top side and expect a drop pretty soon. Guessing....2816 - 2834 but price will tell us.
  • #73,983
  • Mar 11, 2009 7:46am Mar 11, 2009 7:46am
Quoting BoredToLoose
I didn't close my longs,

I closed one now at 1.2800.

Let's see if we will see 1.2900 or not, will add more longs soon.

Congrats on the nice ride up. But I'm thinking the bears are back in control for now...
  • #73,984
  • Mar 11, 2009 7:48am Mar 11, 2009 7:48am
Quoting psiholog
sure im still learning things all the time..
That's the sign of a good trader. It shows that you enjoy what you're doing and you never want to stop getting more out of it.

Show me a trader that calls themself a master and I'll show you someone that is about to blow their account lol.
  • #73,985
  • Mar 11, 2009 7:49am Mar 11, 2009 7:49am
on another note..this trend up...woo its been nice as expected. however i think its run its course and even though i said i wasnt going to...i have a small position in play now (too good to pass up) with first level where i may consider closing ..the lower wall of this current uptrend


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Different opinions highly valued, ignorant to slander.
  • #73,986
  • Mar 11, 2009 7:49am Mar 11, 2009 7:49am
Quoting psiholog
i wonder...when i have over 100k possibly 1million..will i keep posting here? now as most of you know i have had no capital to start with...trying for the ideology "rags to riches". i know i am capable of much much more i just dont have the funds to do it yet. so this question goes to all the seasoned pros...if your income from forex per year is lets say over 100k...why do you keep posting?...im dying to know

I'm not on that professional and rich scale, although i've been quite succesfull, i find this forum amusing and as i trade alone, it's an excelent way to exchange ideas/views and have some laughs too, it's the best though, there are others forums *much* worse.
So i can live with this(and sometimes i even contribute to that ), entertainment and there's always somthing to learn!

Knowledge is my fuel.
Traders are smartasses
  • #73,987
  • Mar 11, 2009 7:49am Mar 11, 2009 7:49am
In short @ 2800...I think the longer term bear channel will hold, along with some FIB confluence and the desire for price to come back to the daily pivot.

EDIT - the FIBs are on another chart, if interested just ask.
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  • #73,988
  • Mar 11, 2009 7:51am Mar 11, 2009 7:51am
Quoting BoredToLoose
I didn't close my longs,

I closed one now at 1.2800.

Let's see if we will see 1.2900 or not, will add more longs soon.
Im the same...closed 1 at 2800. Holding the other targeting higher. 2820, and above that all I do is smile.
Going to make it big by age 21.
  • #73,989
  • Mar 11, 2009 8:06am Mar 11, 2009 8:06am
On my shorts I lost 29 pips today.




....so I've opened another short at 1.2799.
  • #73,990
  • Mar 11, 2009 8:11am Mar 11, 2009 8:11am
Quoting T.E.Lawrence
On my shorts I lost 29 pips today.




....so I've opened another short at 1.2799.

i've set my shorts TP on 1.25....
  • #73,991
  • Mar 11, 2009 8:13am Mar 11, 2009 8:13am
I think were going up to about 1.2850 area before it goes back down ....

just my opinion...
If you need something important don't hesitate to ask someone else.....
  • #73,992
  • Mar 11, 2009 8:17am Mar 11, 2009 8:17am
i closed it on 1.2789
  • #73,993
  • Mar 11, 2009 8:17am Mar 11, 2009 8:17am
Quoting cdrmaster
I think were going up to about 1.2850 area before it goes back down ....

just my opinion...
Good. then i will knock EU at 1.2849 to make the market down with my 2 cents.
  • #73,994
  • Mar 11, 2009 8:17am Mar 11, 2009 8:17am
Quoting essenza
i've set my shorts TP on 1.25....

I'm looking for 1.273
  • #73,995
  • Mar 11, 2009 8:18am Mar 11, 2009 8:18am
Quoting cdrmaster
I think were going up to about 1.2850 area before it goes back down ....

just my opinion...

i've set stop sell @ 1.292 and @1.31 in case it runs up
  • #73,996
  • Mar 11, 2009 8:20am Mar 11, 2009 8:20am
Only made 1 trade this week on the pair went long 1.2650 Monday closed 1.2801 Tuesday. Wrote that a close above 1.2753 yesterday could mean a move higher but it didint close up there.

4 Hour candle is a looong way away from closing but offers the potential for a VERY interesting short set up.

If current candle were to stay under the current day's high of 1.2805 it could go all the way down to the lower Bollinger, which is curving down.

I cant wait around for the candle to close I have an entry order to sell 1.2775.
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+ Charts Happen
  • #73,997
  • Mar 11, 2009 8:20am Mar 11, 2009 8:20am
I think we will see more down side today as well...just my two cents

http://www.forexfactory.com/attachme...1&d=1236777625
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  • #73,998
  • Mar 11, 2009 8:21am Mar 11, 2009 8:21am
Quoting essenza
i've set stop sell @ 1.292 and @1.31 in case it runs up
I dont think they will even get triggered too high. If they reach. the uptrend will have resumed

And it at sell limit not a stop sell
  • #73,999
  • Mar 11, 2009 8:22am Mar 11, 2009 8:22am
Quoting Terminale
I dont think they will even get triggered too high. If they reach. the uptrend will have resumed
Agreed - if we get up that high we'll go a lot higher before coming back down.
  • #74,000
  • Mar 11, 2009 8:22am Mar 11, 2009 8:22am
Price again sitting near the 2820 level which is at the 200ema on the 4hr chart.. which has held since January 9th.
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