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  • #101,521
  • May 27, 2009 8:52am May 27, 2009 8:52am
Negro, give me a reason to take short. Don't ask everyone here. Trade what you see on your chart. 1.3955 area is a daily pivot if you see a failure there then take a short but dont jump b/c some one agrees or disagrees with you. STUDY THE CHART fellas study the chart.
  • #101,522
  • May 27, 2009 8:53am May 27, 2009 8:53am
Quoting negro wolf
i think we should take short from 1.3954
any one agrees?
if you are not already short ill wait after 10:00 on haousing news especially if you trade with tight stops
  • #101,523
  • May 27, 2009 8:53am May 27, 2009 8:53am
Quoting GastonCorzo
well if s&p drops dollar should be up isn't or what do you think ,N korea launching more missiles and a super rally on stocks yesterday ? need more news????
just watch the drop in 8min (Existing Home Sales) if the numbers are negative.
  • #101,524
  • May 27, 2009 8:53am May 27, 2009 8:53am
Quoting notch
Before the News! No thanks

ok ok
we wait news
i already didnot got a conformation for enrty
maybe after 1hr
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #101,525
  • May 27, 2009 8:53am May 27, 2009 8:53am
Notch, did you realise when you were rolling around in the shed with the BADABING, it was your 888 post. Good luck is 'forecast' for your trading.
BTW, did your no. of posts get shorter somehow?
  • #101,526
  • May 27, 2009 8:55am May 27, 2009 8:55am
this is very interesting, price is at daily pivot so becareful of fake break out, my intuition said it go high then major sell will happen and possibly it will bounce up back again with Geithner Speaking
  • #101,527
  • May 27, 2009 8:55am May 27, 2009 8:55am
Quoting vinesh2
Negro, give me a reason to take short. Don't ask everyone here. Trade what you see on your chart. 1.3955 area is a daily pivot if you see a failure there then take a short but dont jump b/c some one agrees or disagrees with you. STUDY THE CHART fellas study the chart.
Completely agree, its not about others and what they are doing! you have to have confidence in what your doing and your ability... If you dont then when things start going against you - you have no reason to hold the trade and you will exit therefore losing money.

If you take a trade based of someone else's thoughts then this will give you no confidence - find a system which has been tried and tested and use it! Check my videos out for more info.

Cheers WG
  • #101,528
  • May 27, 2009 8:56am May 27, 2009 8:56am
Quoting GastonCorzo
if you are not already short ill wait after 10:00 on haousing news especially if you trade with tight stops
ok i got it
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #101,529
  • May 27, 2009 8:56am May 27, 2009 8:56am
Quoting waynkon
just watch the drop in 8min (Existing Home Sales) if the numbers are negative.
there something i do not like about this rallyes,people is basing alot og their trading on fake news even if the numbers go up what people is not seen is that we are really basing this sales in about a 20% decline in prices looks like a big fat lie to me !!! what do you think?
  • #101,530
  • May 27, 2009 8:56am May 27, 2009 8:56am
should Long or Short....hmmm
  • #101,531
  • May 27, 2009 8:56am May 27, 2009 8:56am
Quoting dexoster
Believe me, I execute my orders wit 3 pips deviation allowed -

I'm currently playing with 0.01 lots
Cool, you'd be surprised how many folks don't know that... I misread your post as well, i thought your were actually trading dollar pips and getting bit... no worries.
FUBAR...
  • #101,532
  • May 27, 2009 8:57am May 27, 2009 8:57am
Quoting notch
Assuming that he still has enough capital!
C'mon, the least thing I need now is sarcasm I still remember end of last week, so please pray for me...Friday is comming again
If your coffee smiles at you - smile it back
  • #101,533
  • May 27, 2009 8:59am May 27, 2009 8:59am
Quoting notch
It's good conditioning to take losses. imho
It is I learned my Lesson not cutting Losses, back in April when Mr Geithner said " I am buying Treasuries" And Blow my Live account out of all my cash and a solid 120 straight wins.

Use SL, Take Loss,Use SL, Take Loss,Use SL, Take Loss,

However still learning what to set PIP SL based on the Play I made entry on.Still Tweaking anybody have any suggestions on setting SL based on play at hand. Still Learning THV w/ATR which Helps.
  • #101,534
  • May 27, 2009 8:59am May 27, 2009 8:59am
Quoting Atlast
Notch, did you realise when you were rolling around in the shed with the BADABING, it was your 888 post. Good luck is 'forecast' for your trading.
BTW, did your no. of posts get shorter somehow?

Yes I know I am a prolific post writer...

BTW, did your no. of posts get shorter somehow?

Well I have been trying to cut back on the urge to communicate with other traders otherwise I might get 'faded.'
  • #101,535
  • May 27, 2009 9:01am May 27, 2009 9:01am
north bound train is on again. no one cares about Nkorea! haha
  • #101,536
  • May 27, 2009 9:02am May 27, 2009 9:02am
how much after news realease we can continue trading ?
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #101,537
  • May 27, 2009 9:03am May 27, 2009 9:03am
Big news just out... Geithner speaking in 2 hours...

This is probably the worst time you could ever open a position.
  • #101,538
  • May 27, 2009 9:03am May 27, 2009 9:03am
Quoting dexoster
C'mon, the least thing I need now is sarcasm I still remember end of last week, so please pray for me...Friday is comming again

LMAO...I wasn't been sarcastic; I just think it is really important to follow a trading and MM plan. But if you slip-up (like we all do sometimes) be willing to cut your losses then move on to the next opportunity. Holding onto that type of position in an attempt to make it right (by averaging up or down) will catch up with you one day...maybe not this time...but one day so it is a lesson you'll have to be taught. I'd prefer to learn it sooner rather than later..IMHO
  • #101,539
  • May 27, 2009 9:03am May 27, 2009 9:03am
Shorting time...
  • #101,540
  • May 27, 2009 9:04am May 27, 2009 9:04am
see home sales up but prices down 15% come on this is all a big fat lie we are far from a recovery this is just the presure of news and mis information to make peole jump into the market that do not offer strengt
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