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EURUSD

  • #86,361
  • Apr 16, 2009 12:39pm Apr 16, 2009 12:39pm
can drop to 1.3100 just my guess ??????
  • #86,362
  • Apr 16, 2009 12:40pm Apr 16, 2009 12:40pm
Quoting sreeprakash
eurousd go up?
Depends what time frame you're refering to? Do you not have a chart in front of you?

JC
  • #86,363
  • Apr 16, 2009 12:41pm Apr 16, 2009 12:41pm
Quoting BoredToLoose
Now not time to close.
More drops are coming!!

we may have a break here.
M30 closed below 1.3169. next around 1.3066 and 1.2988.
He had a trade from this morning, at work and not able to make changes, so I guess he's happy with 100 pips for the day.

JC
  • #86,364
  • Apr 16, 2009 12:42pm Apr 16, 2009 12:42pm
what about 1.3300 area?
  • #86,365
  • Apr 16, 2009 12:43pm Apr 16, 2009 12:43pm
i have one hour chart here.. and my calculation went wrong... I got signal buy after 1.3185 and it went up till 1.3222 something and dropped.
ABCD..
  • #86,366
  • Apr 16, 2009 12:45pm Apr 16, 2009 12:45pm
Quoting SilverShark
what about 1.3300 area?


Sometimes it is better not to wait so long!!
  • #86,367
  • Apr 16, 2009 12:46pm Apr 16, 2009 12:46pm
Quoting sreeprakash
i have one hour chart here.. and my calculation went wrong... I got signal buy after 1.3185 and it went up till 1.3222 something and dropped.
You need to watch carefuly now then, because we're in decision zone. A break down from here-ish could give you some headaches.

JC
  • #86,368
  • Apr 16, 2009 12:46pm Apr 16, 2009 12:46pm
Quoting pipmom
can drop to 1.3100 just my guess ??????
Potentially, Its a pretty nice set up to hit 1.3120area
Attached Image (click to enlarge)
Click to Enlarge Name: EU041609A.jpg Size: 139 KB
"Don't work for your money, but let money work for you."
  • #86,369
  • Apr 16, 2009 12:47pm Apr 16, 2009 12:47pm
Watch for possible reverse HS.
  • #86,370
  • Apr 16, 2009 12:49pm Apr 16, 2009 12:49pm
i have 3 buys @ 1.3285... i am still short from there...but only one position...i dont know what to do...
  • #86,371
  • Apr 16, 2009 12:49pm Apr 16, 2009 12:49pm
Wrong!!

I win!
Longs Lose!

I have already explain how Forex works.

who try to win every single day, will lose and will get tired to lose. I was one of them once!!
Now, it is patient, MM and good reading charts!
  • #86,372
  • Apr 16, 2009 12:54pm Apr 16, 2009 12:54pm
i think it going to break the 1.31000
line and on this line is also support many pips after that...
  • #86,373
  • Apr 16, 2009 12:55pm Apr 16, 2009 12:55pm
Quoting SilverShark
i have 3 buys @ 1.3285... i am still short from there...but only one position...i dont know what to do...
It was in the Worst level to buy!

Sorry about that.
  • #86,374
  • Apr 16, 2009 12:56pm Apr 16, 2009 12:56pm
Quoting SilverShark
i have 3 buys @ 1.3285... i am still short from there...but only one position...i dont know what to do...
If you risked between 3-5% the trades then you should be able to take emotions out of the decision to cut losses, because you have more than enough equity to trade another day. But if more than that you need to watch PA make a un-emotional decision. Unfortunitly no one here will tell you what to do. You might be able to lesson losses a little higher up if it bounces off current lower trend line, but don't guess, let the PA tell you what to do.

JC
  • #86,375
  • Apr 16, 2009 12:59pm Apr 16, 2009 12:59pm
Quoting F.x.
Watch for possible reverse HS.

agreed, until this is confirmed to be either right or wrong, dont be too happy..
  • #86,376
  • Apr 16, 2009 12:59pm Apr 16, 2009 12:59pm
Quoting Waka
If you risked between 3-5% the trades then you should be able to take emotions out of the decision to cut losses, because you have more than enough equity to trade another day. But if more than that you need to watch PA make a un-emotional decision. Unfortunitly no one here will tell you what to do. You might be able to lesson losses a little higher up if it bounces off current lower trend line, but don't guess, let the PA tell you what to do.

JC
thanks... i will wait just little more...maybe next week and ia am risking 50% of my account
  • #86,377
  • Apr 16, 2009 12:59pm Apr 16, 2009 12:59pm
Quoting BoredToLoose
Wrong!!

I win!
Longs Lose!

I have already explain how Forex works.

who try to win every single day, will lose and will get tired to lose. I was one of them once!!
Now, it is patient, MM and good reading charts!

Uh... we dropped about 50 pips and stayed within the triangle we've been in for several weeks now. Nothing has changed. We haven't even broken the lower TL of that triangle.

Doesn't matter to me, I was short and made an easy 35+ pips... but just thought I'd point that out...
  • #86,378
  • Apr 16, 2009 12:59pm Apr 16, 2009 12:59pm
Ugh, I almost shorted at 1.3200 on the last rise but felt the tightening triangle coupled with end of session low volume would have made it a risky trade and of course...the break would have gotten me a quick 50-75 pips. I'm now watching the 1.3119 spot as there is a TL there that's a pretty good reverse spot to keep this PA in the recent 4hr range.

At this point it looks like it may fall short of it and reverse.

Put a small long in from 3129 for a scalp, won't hold it too long. Wait until if I see it break above the past TL at 3158
  • #86,379
  • Apr 16, 2009 1:02pm Apr 16, 2009 1:02pm
Quoting SilverShark
i have 3 buys @ 1.3285... i am still short from there...but only one position...i dont know what to do...
relax, there might be possible reverse SH, so wait for it man, dont worry yet, it has break thru 3130, but dint close bellow it yet, so there are some chances that you could close at quits position.
  • #86,380
  • Apr 16, 2009 1:02pm Apr 16, 2009 1:02pm
Quoting dannies
agreed, until this is confirmed to be either right or wrong, dont be too happy..

If it is a reverse HS (not very likely now) then it's a downward sloping one and I wouldn't play it too seriously.

I expect some serious drops but it kills me when we move 50-100 pips, staying well within the range we've been in for over a month and everyone comes out of the woodwork claiming they were right. That goes for longs and shorts on this board.

Overall trend is up. Current smaller trend is down. So for those of you who must always be right, well.... feel good, regardless of which camp you're in.
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