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  • #80,221
  • Mar 26, 2009 9:27am Mar 26, 2009 9:27am
Wow,those stop hunters sure grab a pile from13615-40 level, thats why its very important to always set the initial stop loss on the other side of the trade.

Fundamentals still dominant and driving prices....

Need to be real nimble to trade well in this kind of market conditions and even I made the right trade call, the bears just managed to hold on to the advantage just by the skin of the teeth becos 13660 would have given the bulls another shot to go for a new high.

Stay nimble and next level of resistant at 13460-80 then the key gatekeeping level @13385 .
  • #80,222
  • Mar 26, 2009 9:29am Mar 26, 2009 9:29am
what goes down must come up
Left Wing, Right Wing, same bird
  • #80,223
  • Mar 26, 2009 9:31am Mar 26, 2009 9:31am
Wow, so the 1.3533 long i keep yapping about got triggered after all. Certaily did not expect it to happen like this lol xD Levels to watch are hourly close above 1.3550 for long and below 1.3533 for short.
  • #80,224
  • Mar 26, 2009 9:31am Mar 26, 2009 9:31am
This is the best comment i saw!
What goes up must come down.
  • #80,225
  • Mar 26, 2009 9:32am Mar 26, 2009 9:32am
everyone has fair warning now.....don't have your trade get Geithner'd!!! Ha Ha!.....

mm2

p.s. sen. from NJ asked for clarification on geithner's remarks about the dollar....and the G-man nodded his head......don't ya ever feel like this is a big setup?????http://www.forexfactory.com/images/icons/icon9.gif
He who hesitates is hesitant....which always leads to bad entries.
  • #80,226
  • Mar 26, 2009 9:35am Mar 26, 2009 9:35am
Quoting Mackeymax
everyone has fair warning now.....don't have your trade get Geithner'd!!! Ha Ha!.....

mm2

p.s. sen. from NJ asked for clarification on geithner's remarks about the dollar....and the G-man nodded his head......don't ya ever feel like this is a big setup?????http://www.forexfactory.com/images/icons/icon9.gif
It sure is but then again when Mr. Geithner opens his mouth he only proves how little he actually knows.
  • #80,227
  • Mar 26, 2009 9:36am Mar 26, 2009 9:36am
Quoting akagucciano
what goes down must come up

  • #80,228
  • Mar 26, 2009 9:39am Mar 26, 2009 9:39am
Quoting akagucciano
what goes down must come up
In this case you will find whatever keeps going up comes down.
Until that daily trend line is completely breached selling rallies in my opinion is the way to go
Some drink at the fountain of knowledge. Others just gargle !
  • #80,229
  • Mar 26, 2009 9:57am Mar 26, 2009 9:57am
EUR-USD plays an interesting scenerio.

We are in a smaller range within a ranging market. Total range on day so far 118 pips (H 13.639 - L 1.3521)

See Chart.
Attached Images
  • #80,230
  • Mar 26, 2009 10:02am Mar 26, 2009 10:02am
Did Geithner say that they like the idea of a new currency for world wide reserve? .... at least that they will study the proposal of Russia and China

Really... I won't short this pair anymore until the end of dollar
  • #80,231
  • Mar 26, 2009 10:06am Mar 26, 2009 10:06am
Washington Post about more regulatory competences:
"Geithner's testimony does not identify which agency should hold those powers, but sources familiar with the matter said that the Federal Reserve, widely viewed as the most obvious choice, is the administration's favored candidate."

oh no, not the reptiles
  • #80,232
  • Mar 26, 2009 10:07am Mar 26, 2009 10:07am
Quoting emda
Did Geithner say that they like the idea of a new currency for world wide reserve? .... at least that they will study the proposal of Russia and China

Really... I won't short this pair anymore until the end of dollar

He proved his ineptness yesterday by saying just that, but he has, and the White House has, stated that the US government will defend the US$ as THE world's reserve currency.

Now the question is, do you believe anything that these "Geniuses" in Washington have to say?????????????????
  • #80,233
  • Mar 26, 2009 10:07am Mar 26, 2009 10:07am
Picking my Daily Longs from Lower TF's.

Don't usually like to but may hold this one over the weekend. Still have 30 Hrs of market to evaluate.
  • #80,234
  • Mar 26, 2009 10:13am Mar 26, 2009 10:13am
Quoting SmoothTrader
He proved his ineptness yesterday by saying just that, but he has, and the White House has, stated that the US government will defend the US$ as THE world's reserve currency.

Now the question is, do you believe anything that these "Geniuses" in Washington have to say?????????????????
I don't believe anything now... but I still have to see some reason to go short eurusd... I'm more technical trader than fundamental.

Will defend the $ printing billions? nice way of defending it.... curious at least...
  • #80,235
  • Mar 26, 2009 11:06am Mar 26, 2009 11:06am
Price action seem to have died down early today. Can't believe we've only had 100 pip run ... in the last few weeks/days, E/U averaged about 300 pips by now.

I was waiting on entering after my third retracement but price seems to be stuck in a range. Which means, it's time for lunch.
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  • #80,236
  • Mar 26, 2009 11:36am Mar 26, 2009 11:36am
Quoting Jhig
Price action seem to have died down early today. Can't believe we've only had 100 pip run ... in the last few weeks/days, E/U averaged about 300 pips by now.

I was waiting on entering after my third retracement but price seems to be stuck in a range. Which means, it's time for lunch.
No, Down and should be good for 100 pips or so. Over the next few hours...
  • #80,237
  • Mar 26, 2009 11:39am Mar 26, 2009 11:39am
Quoting klinckphilip
No, Down and should be good for 100 pips or so. Over the next few hours...
can you post a chart showing why you think it will drop 100 pips?

is this based off fibs? EW? PA? ??
Don't chase the market, Let the market come to you
  • #80,238
  • Mar 26, 2009 11:46am Mar 26, 2009 11:46am
to all new folks, remember to risk only around 5% of your capital per trade...

YES USE STOP LOSS
  • #80,239
  • Mar 26, 2009 11:53am Mar 26, 2009 11:53am
Quoting trading801
to all new folks, remember to risk only around 5% of your capital per trade...

YES USE STOP LOSS
5% per trade? 1 to 3% max for new comers is more like it

try this


Money management can actually be pretty easy. I have attached a spreadsheet I found on the net. It will tell you how many lots to buy based on your risk and available capital.
How to use it:

  1. Enter your account balance in B19 - don't forget to update this as your account grows or shrinks!
  2. Enter your % risk in B20 (I would suggest the 1.5% in there - if you want to get aggressive, enter 2.5%)
  3. When you get a signal, enter the pair in column A
  4. Enter L or S for Long or Short signal
  5. Enter your entry point in column C
  6. Enter your target in column D (you don't have to live with the target, it's simply used for risk/reward calculation)
  7. Enter your Stop level in Column E
  8. Column I will tell you how many MiniLots to purchase. If you are using standard lots, divide this by 10 and round down (round up if you're aggressive)


At the bottom of the spread sheet are the pairs this will calculate for - if you trade more, you can add them. I don't think this spreadsheet has been updated in a while...
I would suggest that you update them weekly. PIP calculators can be found on the

Attached File(s)
File Type: zip risk calculator.zip   201 KB | 446 downloads
Don't chase the market, Let the market come to you
  • #80,240
  • Mar 26, 2009 11:54am Mar 26, 2009 11:54am
Quoting Tmac
can you post a chart showing why you think it will drop 100 pips?

is this based off fibs? EW? PA? ??
Pictures says a thousand words. I close my long but forgot to take note of the short.
Attached Image (click to enlarge)
Click to Enlarge Name: 25 mar 09.gif Size: 55 KB
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