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  • #102,061
  • May 28, 2009 7:37am May 28, 2009 7:37am
Quoting fontu
Good US news should start finish the rest of the move down , initial up & then dow whatever format it follows .
waiting ..
fontu
yes brother!
  • #102,062
  • May 28, 2009 7:38am May 28, 2009 7:38am
I locked some longs this AM for profit, but frankly not confortabl with ANY position at this price.

Short is too risky with over all trend.

Long is too risky with potential short-term correction.

I guess it's a good day to wait.
  • #102,063
  • May 28, 2009 7:38am May 28, 2009 7:38am
Quoting SpecialEd
You're sure a fast test taker!

Seriously, if we knew, we'd just be asking them to mail us checks instead of sitting in front of the monitor hour on end.
you always imparesen me ed
" dont know the exact letters "

USD Initial Jobless Claims 623K
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #102,064
  • May 28, 2009 7:39am May 28, 2009 7:39am
Good news for US, so why its goin up?
  • #102,065
  • May 28, 2009 7:40am May 28, 2009 7:40am
Quoting negro wolf
you always imparesen me ed
" dont know the exact letters "

USD Initial Jobless Claims 623K
Hope that wasn't a spelling test you took.

No offense intended. Just teasing while I'm bored. But we don't like questions like "which way did it go?"

Good luck Mr. Wolf.
Up or down, gimme a ticket
  • #102,066
  • May 28, 2009 7:43am May 28, 2009 7:43am
Quoting TIckerShuffl
I locked some longs this AM for profit, but frankly not confortabl with ANY position at this price.

Short is too risky with over all trend.

Long is too risky with potential short-term correction.

I guess it's a good day to wait.
Ticker,

Words of wisdom my pipin' friend, words of wisdom. Sometimes the best thing to do...Is nothing at all.

Cheers & Pips
  • #102,067
  • May 28, 2009 7:43am May 28, 2009 7:43am
hi, my first post here so really nice to co-operate with all of you. :-)
my question is the same of tomykas: three excellent results for US.. so why is going up?? is this just a stop catcher??
  • #102,068
  • May 28, 2009 7:45am May 28, 2009 7:45am
possible answer: Stock Market goes up -> liquidity goes down -> USD goes up

I think this could be a first reaction to a news like this! can it?
  • #102,069
  • May 28, 2009 7:45am May 28, 2009 7:45am
Quoting dexoster
What I need is to get +50 pips per day which will be enough to accomplish my goals, but that seems not an easy task at all
dex,

Same boat here. I have a small account that I'm trying to build up. I'm nowhere close to being an expert but here's how I'm approaching it.

First, I only take trades on my live account where I feel like the odds are overwhelmingly in my favor.

Second, I use tight stops and I NEVER move them unless it's to lock in a profit.

Third, I spend most of my screen time in my demo account testing myself and working out the kinks in my strategy.

Last, I only trade half lots. That means I don't typically make a lot of money on any given trade but I don't lose a lot either.

My 2 cents. Good luck amigo.
  • #102,070
  • May 28, 2009 7:48am May 28, 2009 7:48am
As a few of you may know I trade the popular 4H MACD system here. I have just uploaded the video review of the trade I did on the EUR/USD 22nd of May. Have a look carefully as it outlines many key points with counter trend trading, how to notice when you are wrong and what to do about it.

Not my best trade but the video will give you an idea of what to look for in trading this system.

Inserted Video


Thanks WG
  • #102,071
  • May 28, 2009 7:48am May 28, 2009 7:48am
Okay. Time for the next leg down!
  • #102,072
  • May 28, 2009 7:49am May 28, 2009 7:49am
fasten your seatbelt.. ready to get down! :-)
  • #102,073
  • May 28, 2009 7:50am May 28, 2009 7:50am
Quoting tomykas
Good news for US, so why its goin up?
good news????? mmmmm do you really think tha 623K in employment data is good news ??
  • #102,074
  • May 28, 2009 7:50am May 28, 2009 7:50am
Quoting Martingale
hi, my first post here so really nice to co-operate with all of you. :-)
my question is the same of tomykas: three excellent results for US.. so why is going up?? is this just a stop catcher??
one possible answer, risk appetite. this works this way for a quite while. say from the crisis showed up.

anyway, bears defending 1.39.
  • #102,075
  • May 28, 2009 7:52am May 28, 2009 7:52am
Quoting GastonCorzo
good news????? mmmmm do you really think tha 623K in employment data is good news ??
but.. expectations were 628K! and we are coming from a 636K.. isn't it?
I mean.. if data is better than expectations then.. currency should benefit... or am I wrong??
  • #102,076
  • May 28, 2009 7:52am May 28, 2009 7:52am
Quoting GastonCorzo
good news????? mmmmm do you really think tha 623K in employment data is good news ??

Its better than expected, then its good news for me
  • #102,077
  • May 28, 2009 7:53am May 28, 2009 7:53am
i luiquidated all mmy short positions yesterday at 1.3832 waiting for a new high i just start my short positions again at 1.3996 with room to add ore if it goes up looking to target another 150 pips or more first profit target at 1.3750 and then 1.3700 lets see how it goes happy trading for everyone
  • #102,078
  • May 28, 2009 7:56am May 28, 2009 7:56am
Quoting fando
one possible answer, risk appetite. this works this way for a quite while. say from the crisis showed up.

anyway, bears defending 1.39.
Thanks Fando! I also noted very unusual patterns since the crisis came up. also for the little timeframes! quick question to you: do you think would be possible that big corporations took agreeements to increase liquidity? I noted lot of patterns in which intetional stop-catcher were drawns! thank you!
  • #102,079
  • May 28, 2009 7:56am May 28, 2009 7:56am
Went short at 1.3895, already locked in 20pips lets see how far down it goes
  • #102,080
  • May 28, 2009 7:56am May 28, 2009 7:56am
limit long at 3855 area tp 3880 area. My take is that although the large picture looks bearish, on the 5 minute (which i look for trend) look very bullish
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