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Attachments: EURUSD
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EURUSD

  • #95,401
  • May 13, 2009 1:27am May 13, 2009 1:27am
Exit for 7 pips.
  • #95,402
  • May 13, 2009 1:28am May 13, 2009 1:28am
just shorted eu now.....lost 43pips total today.....
  • #95,403
  • May 13, 2009 1:28am May 13, 2009 1:28am
Quoting thegman
Hello everyone

is it just me or is an actual downward triangle forming on the 15m chart (and below) ???
Looks like a bullish flag to me (this kind of flag formation si most of the times bullish - note most of the times which means sometimes it's not)
  • #95,404
  • May 13, 2009 1:29am May 13, 2009 1:29am
Quoting thegman
Hello everyone

is it just me or is an actual downward triangle forming on the 15m chart (and below) ???

Looks like it's forming but doesn't it's direction depend on which side of the triangle is broken?

Looking for a short at 1.3694.
  • #95,405
  • Edited 1:30am May 13, 2009 1:29am | Edited 1:30am
Added to short at 1.3790 (EDIT 1.3690), sl 1.3701
  • #95,406
  • May 13, 2009 1:30am May 13, 2009 1:30am
we have divergence and i am actually looking to short eu.....today's price action is stupid.....made 43pips lost....still in a trade now....hope can break even
  • #95,407
  • May 13, 2009 1:30am May 13, 2009 1:30am
Quoting shadowman
just shorted eu now.....lost 43pips total today.....
Why did you close the position??? IT's nothing clear at the moment! You know overtrading is one of the six reasons traders lose money... don't you?
  • #95,408
  • May 13, 2009 1:30am May 13, 2009 1:30am
Quoting thegman
Hello everyone

is it just me or is an actual downward triangle forming on the 15m chart (and below) ???
Hi! what makes you think that it is bearish? could it not also be a bullish continuation pennant/triangle?
Consistency and patience is everything
  • #95,409
  • May 13, 2009 1:30am May 13, 2009 1:30am
Quoting TheFisherman
OIL breaks the range short.
About time. Maybe the AUDCAD wil follow the same path.
  • #95,410
  • May 13, 2009 1:31am May 13, 2009 1:31am
Quoting shadowman
we have divergence and i am actually looking to short eu.....today's price action is stupid.....made 43pips lost....still in a trade now....hope can break even
And revenge trading is a second from the six mistakes.
  • #95,411
  • May 13, 2009 1:32am May 13, 2009 1:32am
Quoting TheFisherman
They are. You didn't posted yesterday
Yesterday I was nursing forex battle wounds.
  • #95,412
  • May 13, 2009 1:33am May 13, 2009 1:33am
1. Lack of a Trading Plan
2. Lack of Discipline to Follow the Plan
3. Failure to control emotions
4. Failure to accept and limit losses
5. Lack of commitment
6. Over-Trading

For the record, I didn't invent this. I took them from a webinar of trading psychology.
  • #95,413
  • May 13, 2009 1:33am May 13, 2009 1:33am
it is not revenge trading....i am using technicals.....but today's price action seems weird
  • #95,414
  • May 13, 2009 1:33am May 13, 2009 1:33am
Quoting notch
Yesterday I was nursing forex battle wounds.
Me too sh*tty day f me.

[edit] I never had a thing for ranges anyway. Every time price ranges - I get burnt!
  • #95,415
  • May 13, 2009 1:35am May 13, 2009 1:35am
I have a short order since last week on 1.3532 !!!

Should I wait to get it there??? Or I’m losing time and money???

Tks…

Henry
  • #95,416
  • May 13, 2009 1:37am May 13, 2009 1:37am
long 3687 SL 3676 last try to long
  • #95,417
  • May 13, 2009 1:38am May 13, 2009 1:38am
Quoting henrynet
I have a short order since last week on 1.3532 !!!

Should I wait to get it there??? Or I’m losing time and money???

Tks…

Henry
i dont if i was you. take a look at daily chart its bullish in my view . ofcourse i could be wrong
  • #95,418
  • May 13, 2009 1:39am May 13, 2009 1:39am
According to my mid-term market profile chart. The path of least resistence is to 1.3782 and if this breaks expect a RAPID move to 1.4127.

It could be as tough as nails for the market to pass through the 1.3642-1.3585 area as the body of support that resides at that area is huge.

This is actually in contrary to what I thought would play out but let's wait and see.
  • #95,419
  • May 13, 2009 1:39am May 13, 2009 1:39am
Quoting TheFisherman
Why did you close the position??? IT's nothing clear at the moment! You know overtrading is one of the six reasons traders lose money... don't you?
Use to be doing that long ago when I was a newbie. now I am holding 91 long. I cant get out yet because GODs know where EU go. have a SL @ breakout lvl @ 60. so Either I make or break today. TP will be 3740-60
  • #95,420
  • May 13, 2009 1:39am May 13, 2009 1:39am
Quoting thegman
Hello everyone

is it just me or is an actual downward triangle forming on the 15m chart (and below) ???
seems it a bull flag and bull may run after the next eur news within 45 min.
Attached Image (click to enlarge)
Click to Enlarge Name: eu62.gif Size: 9 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
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