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EURUSD

  • #90,701
  • Apr 29, 2009 1:45pm Apr 29, 2009 1:45pm
I don't see shorting yet
  • #90,702
  • Apr 29, 2009 1:45pm Apr 29, 2009 1:45pm
Some time ago I posted a question to someone in trouble as they asked for help. They never gave the answer. I gave them 2 trades, both of which worked out nicely, but the point is they never provided an answer.

This tells me either. 1. they were afraid of being wrong or
2. they couldn't answer
Either way, it should have also told him where he was going wrong, i.e. scared of losing or/and didn't know how to trade. And it was more than just strategy they were missing.

The correct answer for anyone interested who are fairly new is to take both trades so long as the risk was less than the TP and particularly for the 2nd trade to be sure the risk was much less than the TP as I was going for a larger profit factor.

Purpose of the quetion was to teach them the importance of considering risk first and being prepared to lose. That was their first lesson and I don;t think he/she will learn that easily
  • #90,703
  • Apr 29, 2009 1:46pm Apr 29, 2009 1:46pm
Quoting Mackeymax
1.3318 to 1.3278 put my limit in and forget it....you probably know the lot size....http://www.forexfactory.com/images/icons/icon10.gif


mm

p.s. done for the week......

sweeeeeet!
"i wake up in the morning, and i piss excellence"
  • #90,704
  • Apr 29, 2009 1:46pm Apr 29, 2009 1:46pm
Good afternoon everyone.
The Thief of Wall Street
  • #90,705
  • Apr 29, 2009 1:51pm Apr 29, 2009 1:51pm
Quoting Chicky
Good afternoon everyone.

wazzup bro? you gettin' some of this action?
"i wake up in the morning, and i piss excellence"
  • #90,706
  • Apr 29, 2009 2:01pm Apr 29, 2009 2:01pm
Quoting attila
If you have the absolute answer why don't you give it to him. if I had the answer I wouldn't be here.

It was a simple analysis. A very basic If/Else.

Whatever....

BTW. Check my "guess" in 2 days.
I said "guesses" for a reason, because there were many - not just yours. I don't claim to know what that "trader" might have happen to his trade.

Only they can determine what they should do, so I don't why they are asking others. Or for that matter why anyone else would bother giving advice.
  • #90,707
  • Apr 29, 2009 2:02pm Apr 29, 2009 2:02pm
See ya tomorrow folks. Been here all day. I can now leave my SL in place and TP limits. I am not expecting it to just go down without some shakeouts.
Thanks for the interactions everyone.
  • #90,708
  • Apr 29, 2009 2:07pm Apr 29, 2009 2:07pm
Quoting SunTrader
I said "guesses" for a reason, because there were many - not just yours. I don't claim to know what that "trader" might have happen to his trade.

Only they can determine what they should do, so I don't why they are asking others. Or for that matter why anyone else would bother giving advice.

Agree, but you quoted me.
  • #90,709
  • Apr 29, 2009 2:08pm Apr 29, 2009 2:08pm
Quoting trader69
wazzup bro? you gettin' some of this action?
Sure. Cashing and re-entering my shorts at higher levels. But finished with that now. Sitting on shorts and looking for below 1.3000 in few days
The Thief of Wall Street
  • #90,710
  • Apr 29, 2009 2:12pm Apr 29, 2009 2:12pm
Ok guy's i just got back to let U know that we R going to Dive again and this time DEEPER !
just 4 informing !
  • #90,711
  • Apr 29, 2009 2:17pm Apr 29, 2009 2:17pm
Quoting attila
Agree, but you quoted me.
Ahhhh, can you point that out in this quote - I am having a tough time finding it:

"If that "trader" in trouble was looking for guesses, he sure got 'em". :nerd:

Just because a post comes directly after yours does not mean it was in response to it or only it alone.
  • #90,712
  • Apr 29, 2009 2:17pm Apr 29, 2009 2:17pm
Quoting Hasnaa
Ok guy's i just got back to let U know that we R going to Dive again and this time DEEPER !
just 4 informing !
how do you know? have a chart?
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #90,713
  • Apr 29, 2009 2:18pm Apr 29, 2009 2:18pm
Quoting Hasnaa
Ok guy's i just got back to let U know that we R going to Dive again and this time DEEPER !
just 4 informing !
Why should I trust you and not myself?
  • #90,714
  • Apr 29, 2009 2:18pm Apr 29, 2009 2:18pm
Quoting Hasnaa
Ok guy's i just got back to let U know that we R going to Dive again and this time DEEPER !
just 4 informing !
How deep? is it 1.3010
  • #90,715
  • Apr 29, 2009 2:19pm Apr 29, 2009 2:19pm
Quoting Hasnaa
Ok guy's i just got back to let U know that we R going to Dive again and this time DEEPER !
just 4 informing !
nice to know I'm not the only one that got fooled. Right now I'm not even going to guess. You can be right all by yourself on this one
  • #90,716
  • Apr 29, 2009 2:19pm Apr 29, 2009 2:19pm
Quoting SunTrader
Ahhhh, can you point that out in this quote - I am having a tough time finding it:

"If that "trader" in trouble was looking for guesses, he sure got 'em". :nerd:

Just because a post comes directly after yours does not mean it was in response to it or only it alone.
You are correct sir. You win.
  • #90,717
  • Apr 29, 2009 2:22pm Apr 29, 2009 2:22pm
Looks like Batman has his cape draped over his shoulder...
  • #90,718
  • Apr 29, 2009 2:24pm Apr 29, 2009 2:24pm
Quoting Chicky
Sure. Cashing and re-entering my shorts at higher levels. But finished with that now. Sitting on shorts and looking for below 1.3000 in few days
sweet, same here. looks like 3250 has to break and then look out below. may take until asian session though.
"i wake up in the morning, and i piss excellence"
  • #90,719
  • Apr 29, 2009 2:24pm Apr 29, 2009 2:24pm
Quoting Fly2
Why should I trust you and not myself?
as i told just 4 let u know , u can trust or not
it's Ur problem not mine !
  • #90,720
  • Apr 29, 2009 2:27pm Apr 29, 2009 2:27pm
Quoting Hasnaa
Ok guy's i just got back to let U know that we R going to Dive again and this time DEEPER !
just 4 informing !
Hasna I used your advise on a demo account 2 days ago and i am losing 300 pips so far

with all respect it doesn't need a genius to guess that we will go down for a while at least next 2 hours after going almost 100 pip in 3 minutes down .

i am short now and i believe 90% of the guys here are short after this move
I SEE YOU !!
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