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  • #81,441
  • Mar 30, 2009 11:10pm Mar 30, 2009 11:10pm
Quoting Chicky
Do you use stoploss honey?
I think F.X. isn't using the protection of a stoploss.

But...honey?
Not all sins are created equal
  • #81,442
  • Mar 30, 2009 11:15pm Mar 30, 2009 11:15pm
Quoting Jay Walker
It' a question wrapped in a mystery wrapped in a hot pocket.
Bust this and methinks the shorts got troubles for the next little while.

The red line is the 50ema, currently at 3283, and 50 minutes to go. Lots of resistance all in a dozen pips thick line. One good push and Kablooey...

These clearcut stairstep R levels are easy to plot and watch anyway.

Amazing how those useless fib lines manage to stop price dead in it's tracks and make it think about what it's going to do next. Again and again and again... just amazing.
Attached Image
FUBAR...
  • #81,443
  • Mar 30, 2009 11:18pm Mar 30, 2009 11:18pm
Quoting ak4x
Bust this and methinks the shorts got troubles for the next little while.
Hmmm. Ak, if you and I could bust this, we would have our own private jets.

Things are just really weird right now and every trade is like walking on eggshells.
Not all sins are created equal
  • #81,444
  • Mar 30, 2009 11:18pm Mar 30, 2009 11:18pm
Plenty of stops in place around 1.3280, if that's broken there will further higher move. If it holds then this could be the days highs.
  • #81,445
  • Edited 11:20pm Mar 30, 2009 11:19pm | Edited 11:20pm
Quoting F.x.
And don't call me honey.
I am sorry. Proabably you missed that funny picture with those words. I was referring to that picture. But anyway I apologize if I have hurt your feelings.
The Thief of Wall Street
  • #81,446
  • Mar 30, 2009 11:20pm Mar 30, 2009 11:20pm
Quoting Jay Walker
... and every trade is like walking on eggshells.
Eggzactly. :nerd:
FUBAR...
  • #81,447
  • Mar 30, 2009 11:20pm Mar 30, 2009 11:20pm
Quoting ak4x
Eggzactly. :nerd:
Don't get all worked up, it's just a yolk.
Not all sins are created equal
  • #81,448
  • Mar 30, 2009 11:25pm Mar 30, 2009 11:25pm
Next hourly close is key for 4H bar, could end up as pin/bar adding fuel to all short positions.
  • #81,449
  • Mar 30, 2009 11:30pm Mar 30, 2009 11:30pm
http://i157.photobucket.com/albums/t...ntire/4hr1.png

Looks like a good buying opportunity to me
  • #81,450
  • Mar 30, 2009 11:35pm Mar 30, 2009 11:35pm
Quoting weswes

Looks like a good buying opportunity to me
Maybe before then Short. after Long
  • #81,451
  • Mar 30, 2009 11:37pm Mar 30, 2009 11:37pm
What's up peoples? My first post woohoo! I been trading Forex since November. I have wiped out my account a few times, oh well. I have gotten better though. It has taken longer and longer to deplete my balance, as I've learned to pick better entries. Hopefully soon I will make some moola!!
  • #81,452
  • Mar 30, 2009 11:41pm Mar 30, 2009 11:41pm
Quoting 2 + 2 = 4ex
What's up peoples? My first post woohoo! I been trading Forex since November. I have wiped out my account a few times, oh well. I have gotten better though. It has taken longer and longer to deplete my balance, as I've learned to pick better entries. Hopefully soon I will make some moola!!
Hi 2&2 and welcome to the funnyfarm.

Have your hat securely fastened. Also, don't drink while surfing this thread. Doing so occasionally results in a wet keyboard and/or monitor.

Trade happy!
Not all sins are created equal
  • #81,453
  • Mar 30, 2009 11:52pm Mar 30, 2009 11:52pm
Quoting Jay Walker

Have your hat securely fastened. Also, don't drink while surfing this thread. Doing so occasionally results in a wet keyboard and/or monitor.

Trade happy!
Oh sure: now you tell me -
Pip what you see; See what you pip!
  • #81,454
  • Mar 30, 2009 11:53pm Mar 30, 2009 11:53pm
Averaged out of my long w/ small gain. Going to wait this out a bit. Looks like we have reverse HS on the 30m, but we also have some channel resistance on the way up that could make for some dips...
  • #81,455
  • Mar 30, 2009 11:54pm Mar 30, 2009 11:54pm
Quoting Jay Walker
Hi 2&2 and welcome to the funnyfarm.

Have your hat securely fastened. Also, don't drink while surfing this thread. Doing so occasionally results in a wet keyboard and/or monitor.

Trade happy!
Thanks Jay! I really like the prospect of being able to make money quick in Forex. Don't get me wrong I know it's not easy and I'm not underestimating it. Like I said before, I have wiped out my accounts before, although not alot. When I replenish I don't put alot. Well, not alot for many, it is alot for me, although money I can afford to lose. I usually replenish with somewhere between $1k & $5k. Overall, I'm down $12k since November.

I think where I mess up is I cash out too early. When I get up by 20 something pips I get excited and cash out instead of sticking to my original game plan of waiting till +50. I never move my stop loss from -30. So what I been doing is taking less money when I win then when I lose. I know, not a good strategy hehe.

Also, is it me or do the Forex gods know where my stop loss is almost all the time. It seems like it hits my stop loss alot then reverses course right on the spot. I know it can't be that because I'm like a gnat compared to the elephants in the game, but it sux regardless.
  • #81,456
  • Mar 30, 2009 11:54pm Mar 30, 2009 11:54pm
Quoting SeerEye
Oh sure: now you tell me -
Yep.

Better late than never.
Not all sins are created equal
  • #81,457
  • Mar 30, 2009 11:55pm Mar 30, 2009 11:55pm
Quoting Jay Walker
Yep.

Better late than never.
ain't that supposed to be: "better never, than late?"
Pip what you see; See what you pip!
  • #81,458
  • Mar 30, 2009 11:58pm Mar 30, 2009 11:58pm
Quoting SeerEye
ain't that supposed to be: "better never, than late?"
That's what my wife tells me when I get home late from the bar.

But I object to it.
Not all sins are created equal
  • #81,459
  • Mar 31, 2009 12:02am Mar 31, 2009 12:02am
Quoting 2 + 2 = 4ex

Also, is it me or do the Forex gods know where my stop loss is almost all the time. It seems like it hits my stop loss alot then reverses course right on the spot. I know it can't be that because I'm like a gnat compared to the elephants in the game, but it sux regardless.
They're not gods, just brokers. And yes that is exactly what's happening. But there's no magic to it. You put the order on the table by setting the SL and they're just filling the order according to your request.

Try setting SL out a lot further until you're about ready to take your profit or accept the loss. Also, trade w/ smaller lots.
  • #81,460
  • Mar 31, 2009 12:03am Mar 31, 2009 12:03am

Where are we going? 1,3200 or 1,3300 ?
Is there going to 1,324x

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