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  • #82,601
  • Apr 2, 2009 5:58am Apr 2, 2009 5:58am
Quoting free4440273
Like I said, it was a great call (sometimes the country time difference confuses things). Short from 3420 looks tempting but I am worried by the hourly candle: It's not showing to short - yet. ??
well if it reached there in the first place we can talk about it , but my plan is that it reaches top of bull channel and a daily resistance so I will have tight stop loss

breaking to 3450 knocks me out of the short
so risking 30 pips for a 100 pip gain

that ofcorse theoretically , it might drop from here no one knows
but i cant short here we are above the second resistance by 10 pips only and above the fib 38 by also 10 pips

so its risky to me

might drop 20 30 pips the continue north

check my chart in previous page

and that's only my opinion , I wish every one success and good green pips
I SEE YOU !!
  • #82,602
  • Apr 2, 2009 6:01am Apr 2, 2009 6:01am
45 more mins
  • #82,603
  • Apr 2, 2009 6:12am Apr 2, 2009 6:12am
for those of you wondering why the euro is going up when the ecb is poised to cut rates shortly...may want to read my previous posts.

to elaborate on this particular scenario....this time around is different in the sense that trichet is expected to say this is the last time the ECB cuts rates this year.


this remind me of when the ECB raised rates for the last time last year but the euro dropped shortly after ..200pips or so (but before trichet speech the EURO did gain strength..it was virtually at the high at that time) because trichet suggested the ECB wont be raising rates anymore.


what is the difference in these 2 scenarios that should be polar opposites?
the euro is going up now before even the rate cuts...no dollar strength at all.

in other words..read previous posts if you still need more clarification
Different opinions highly valued, ignorant to slander.
  • #82,604
  • Apr 2, 2009 6:13am Apr 2, 2009 6:13am
well one reason to possibly go short is that we are very close to the R2 level. If we get a 15min close under the R2 pivot then you could be safe shorting for a few pips.

But it all depends.

edit: I'll throw out there also that dow futures are quite strong at the moment, and oil is UP...but interstingly, gold is down at the moment.
  • #82,605
  • Apr 2, 2009 6:20am Apr 2, 2009 6:20am
Can't believe missed the move again.

I don't think my heart is in it anymore, even though I nailed entry on last low at 1.3205...this is strange time for me and my trading. For some reason I just don't want to risk anything. perhaps I am watching equities too much looking for a miracle there...

I just don't know what to think.
  • #82,606
  • Apr 2, 2009 6:21am Apr 2, 2009 6:21am
Quoting Driver55
Well guys,

I?m short at 3368... and this is true ..
Your shorts looking good ATM Driver.
  • #82,607
  • Apr 2, 2009 6:25am Apr 2, 2009 6:25am
Quoting TIckerShuffl
Can't believe missed the move again.

I don't think my heart is in it anymore, even though I nailed entry on last low at 1.3205...this is strange time for me and my trading. For some reason I just don't want to risk anything. perhaps I am watching equities too much looking for a miracle there...

I just don't know what to think.
Hey TS,
Know how u feel mate I been in the same place last couple weeks.

Its a pain but we get over it eventually.
  • #82,608
  • Apr 2, 2009 6:25am Apr 2, 2009 6:25am
I'm now in short @ 3375 w/ a small position, SL has been set at BE. No more trades for me until after news hits... may make a few bucks, but definitely won't be losing anything. That's good enough for me.
  • #82,609
  • Apr 2, 2009 6:25am Apr 2, 2009 6:25am
Quoting TIckerShuffl
Can't believe missed the move again.

I don't think my heart is in it anymore, even though I nailed entry on last low at 1.3205...this is strange time for me and my trading. For some reason I just don't want to risk anything. perhaps I am watching equities too much looking for a miracle there...

I just don't know what to think.
Hey, man, take today and tomorrow off and watch from the sidelines. It is never worth trading when your mind isn't fully 'in it', in the zone.

Do some demo trading and something relaxing if you think that is best, for today and/or tomorrow.
  • #82,610
  • Apr 2, 2009 6:31am Apr 2, 2009 6:31am
guys who are new to this... please understand NEWS trading is very very risk...

spread may increase alot... prices jump...
  • #82,611
  • Apr 2, 2009 6:35am Apr 2, 2009 6:35am
I been doing chores and some "spring cleaning" in the garage...

Frustrated because I have been on the money with PA, but no confidence with putting money to work.

I have been taking a break, but I am not enjoying it
  • #82,612
  • Apr 2, 2009 6:39am Apr 2, 2009 6:39am
Quoting TIckerShuffl
I been doing chores and some "spring cleaning" in the garage...

Frustrated because I have been on the money with PA, but no confidence with putting money to work.

I have been taking a break, but I am not enjoying it
i just feel the same just a while ago, but i know how to overcome not trading,
so i just trade a small lot 0.10 so i dont have the fear of loosing a huge amount
  • #82,613
  • Apr 2, 2009 6:41am Apr 2, 2009 6:41am
Short closed for pips.
  • #82,614
  • Apr 2, 2009 6:43am Apr 2, 2009 6:43am
last trade i posted made 53 pips
  • #82,615
  • Apr 2, 2009 6:43am Apr 2, 2009 6:43am
Quoting TIckerShuffl
I been doing chores and some "spring cleaning" in the garage...

Frustrated because I have been on the money with PA, but no confidence with putting money to work.

I have been taking a break, but I am not enjoying it
Hmm..interesting. Maybe demo trade for awhile and get your confidence up or trade with really tiny position sizes. (micro lots or something). Then get your confidence up and get back into the swing of things?
  • #82,616
  • Apr 2, 2009 6:46am Apr 2, 2009 6:46am
What the...?
  • #82,617
  • Apr 2, 2009 6:46am Apr 2, 2009 6:46am
boom

good you closed it FX
I SEE YOU !!
  • #82,618
  • Apr 2, 2009 6:46am Apr 2, 2009 6:46am
Its off again folks - hang on to your hats
  • #82,619
  • Apr 2, 2009 6:47am Apr 2, 2009 6:47am
Went to go Long, FXCM logged me out, reloaded it and before I could go long, BANG up 70pips LOL



Coulda done with 70pips sub 1mins LOL

And my charts have frozen AGAIN!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #82,620
  • Apr 2, 2009 6:47am Apr 2, 2009 6:47am
WTF! they increased the rate?
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