EURUSD | Page 4919 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #98,361
  • May 20, 2009 2:41pm May 20, 2009 2:41pm
Quoting The Fool
Boy my first big live forex account was on the way to doubling this week until I got caught scalping the wrong way last night right against that big jump then I let my losers run and they still sittin there, a big red open .357 blown hole. Simple rules. Don't scalp against the trend, leastways not with anything large. Don't add to losing positions. Don't let your losers run. If I had my football helmet I would put it on and bang my head against the wall. Well if we get some "sell in May go away" profit taking days on the Dow before Memorial Day...

Just think of it like now you're a more "seasoned trader" than you were before you lost all that money. That's what I do...


(alcohol also helps)
  • #98,362
  • May 20, 2009 2:43pm May 20, 2009 2:43pm
You are very kind and I am (along with many noobs here I'm sure) learning alot from you.

The hardest thing about this game I am discovering is managing to have the discipline to execute what you know to be the right moves. Probly need to feel the sting of loss to truly learn that...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #98,363
  • May 20, 2009 2:45pm May 20, 2009 2:45pm
Quoting dbfusion
thank you for clearing it up to me , this is all what I wanted to hear from a senior trader .

there is no shame in asking when I don't know , even if it looked a stupid question .

I appreciate the clarifying reply. because this what I expect from a big respectable forum which has plenty of experienced traders who are humble enough to answer such questions .
Thats a nice statement. But technically since, 95% of forex traders don't make money. You could take the common consensus of this forum and do the opposite of it. lol
  • #98,364
  • May 20, 2009 2:47pm May 20, 2009 2:47pm
AK & BillF;
90 - 95% will disagree.

Please allow them to do so.

It is, after all, their opinion that causes them to Trade;

& Therefore; Allows Others to take a position.

Currently Long....
Avg Entry ~ 1.3785.

SL @ 1.3745
TP ~ who knows...
  • #98,365
  • May 20, 2009 2:48pm May 20, 2009 2:48pm
Quoting GrnEydGuy
There ya go covering your ass again... WIMP
i got 10 pips locked in at a great price...like 10 X normal lots...and im up almost 30 as i type this.. im not the top picking type.. but if equitys fall i sold at the top...i was lucky.. but as i said it never passed the smell test..now lets see what will happen..
those who can, do. those who cant, talk about those who can
  • #98,366
  • May 20, 2009 2:48pm May 20, 2009 2:48pm
Fellas hold on to your shorts. We will be going to 1.33 in a couple of weeks. All the TF are way way OB and we have hit 38FIB on the weekely and failed to pass it on the 1st try we will need to come to considerably to break it
  • #98,367
  • May 20, 2009 2:49pm May 20, 2009 2:49pm
Quoting ak4x


I wasn't aware humility was one of my many faults... I'll be sure to work on that. Glad you got something out of the exchange.

Jaywalker... if you wind seeing this post, just keep a sock in it.


and I am glad that you also got something out of it.



thank you again for your explanation.
I SEE YOU !!
  • #98,368
  • May 20, 2009 2:49pm May 20, 2009 2:49pm
Quoting Maxsmart
Thats a nice statement. But technically since, 95% of forex traders don't make money. You could take the common consensus of this forum and do the opposite of it. lol

Well that technique would not have worked today as most folk on here were on their game (well they were at least posting the correct directions).
  • #98,369
  • May 20, 2009 2:52pm May 20, 2009 2:52pm
Quoting Bemac
AK & BillF;


Currently Long....
Avg Entry ~ 1.3785.

SL @ 1.3745
TP ~ who knows...
The way it just blew right through 1.3748 on the way up, has me looking to see how it behaves on the way down. May take a long there.
  • #98,370
  • May 20, 2009 2:54pm May 20, 2009 2:54pm
Bemac, you going to get stopped out by asian session so gd luck with that.
  • #98,371
  • May 20, 2009 2:56pm May 20, 2009 2:56pm
There will be sopikes during asian session upwards however trend for EU has revered and we shall see lows soon
  • #98,372
  • May 20, 2009 2:56pm May 20, 2009 2:56pm
  •  yxy
  • | Joined Jul 2008 | Status: just one pip at a time | 55 Posts
Quoting vinesh2
Fellas hold on to your shorts. We will be going to 1.33 in a couple of weeks. All the TF are way way OB and we have hit 38FIB on the weekely and failed to pass it on the 1st try we will need to come to considerably to break it
Could you show a pic of your Fib. On my chart, if you draw the Fib from the high of 1.6xx down to 123xx, 38 fib has been busted today.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 13 KB
  • #98,373
  • May 20, 2009 3:00pm May 20, 2009 3:00pm
Quoting vinesh2
Bemac, you going to get stopped out by asian session so gd luck with that.
& AtLast: Such is the Risk of TRADING. I'll keep my cards on the table, if you don't mind.
  • #98,374
  • May 20, 2009 3:00pm May 20, 2009 3:00pm
We are trading we below that level right now and we need a weekley close above that level for the bulls to continue
  • #98,375
  • May 20, 2009 3:01pm May 20, 2009 3:01pm
Right around the 50 sma at the moment. Last time we hit this was Dec 08 and we dropped like a rock.
  • #98,376
  • May 20, 2009 3:05pm May 20, 2009 3:05pm
Quoting Bling
it seems everything for us was bad except non manufacturing jobs ....... is that what your pointing out.?
Bling, I'm pointing to 06-Jan-2009 FOMC Meeting Minutes out.
  • #98,377
  • May 20, 2009 3:09pm May 20, 2009 3:09pm
No problem BEMAC just look at the 4 hr chart and you will see what I am talking about
  • #98,378
  • May 20, 2009 3:11pm May 20, 2009 3:11pm
Sorry but he has to dive to 1.3540 at first !

Trade Well !

  • #98,379
  • May 20, 2009 3:18pm May 20, 2009 3:18pm

Good luck with that. 3900 is on the way and 4000's before end of week.

Peace...

...and Vinesh

When I look at the 4hr chart I see a fantastic upwards channel with a top yet to be reached.

However if you are shorting with 500 + SL then I guess you might make a few bucks.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr eur 52009.gif Size: 27 KB
  • #98,380
  • May 20, 2009 3:21pm May 20, 2009 3:21pm
Quoting gatorinla
i got 10 pips locked in at a great price...like 10 X normal lots...and im up almost 30 as i type this.. im not the top picking type.. but if equitys fall i sold at the top...i was lucky.. but as i said it never passed the smell test..now lets see what will happen..
Thats great... I put my shorts on after it crossed below 149.50. This will be my first venture into the GpbJpy land... thanks for the tip
521 traders viewing now