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  • #104,541
  • Edited 7:56am Jun 2, 2009 7:55am | Edited 7:56am
Buying pressure still strong. It remains to be seen whether we have a climax here. Market has run into some long term projected resistance right at the high so far. There is no reason it can't go to 1.44 (Edited) and 1.45 so please bear in mind anyone thinking of averaging down.
  • #104,542
  • Jun 2, 2009 7:57am Jun 2, 2009 7:57am
Quoting fontu
No worry ali , It will be there soon if u have used very small lots then 100-200 pips drawdown will not matter for minimum 50 pips gain in extreme adverse situation. U should be green I hope .
fontu
yeah i am not worried but this move makes me pissed off...there shud be a retracement.
  • #104,543
  • Jun 2, 2009 7:58am Jun 2, 2009 7:58am
Quoting gurangax
I have opened short at 1.4291 for 50 pips. I'll just sleep until tomorrow. All the best for me
All the best
  • #104,544
  • Jun 2, 2009 7:59am Jun 2, 2009 7:59am
Quoting Alihuzaifa
yeah i am not worried but this move makes me pissed off...there shud be a retracement.
No worries there will be plenty of other opportunities...
  • #104,545
  • Jun 2, 2009 8:01am Jun 2, 2009 8:01am
no worries i will open a short again...it has to come down
  • #104,546
  • Jun 2, 2009 8:02am Jun 2, 2009 8:02am
Quoting Alihuzaifa
yeah i am not worried but this move makes me pissed off...there shud be a retracement.
if you look at GB.. seems word like "retracement" will be very rare...
its abnormal currency...or maybe US want to change its currency to GB
- Always pray on your trading - God know the best for everyone
  • #104,547
  • Jun 2, 2009 8:02am Jun 2, 2009 8:02am
Quoting Alihuzaifa
no worries i will open a short again...it has to come down

Yes I'm sure that it will....one day...
  • #104,548
  • Jun 2, 2009 8:03am Jun 2, 2009 8:03am
WOW--I am in the black this morning, but just barely. I am going to have to examine my own rules and analysis. This one confused me...................
  • #104,549
  • Jun 2, 2009 8:04am Jun 2, 2009 8:04am
Quoting Alihuzaifa
no worries i will open a short again...it has to come down
pls open short at a much higher level than whatever you are intending. dont just short because you got stopped out, short at the next powerful resistance even if u must short
  • #104,550
  • Jun 2, 2009 8:04am Jun 2, 2009 8:04am
Quoting Alihuzaifa
no worries i will open a short again...it has to come down

HAS to come down will get you killed, it doesn't have to do anything, whats it doing ?? do that, easy!!

Still uptrend here, reversing last summers huge drop interestingly!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #104,551
  • Jun 2, 2009 8:04am Jun 2, 2009 8:04am
Quoting notch
Yes I'm sure that it will....one day...
LOL !!
"He who is well prepared has won half the battle"
  • #104,552
  • Jun 2, 2009 8:09am Jun 2, 2009 8:09am
I'm not trying to be a smart-ass because I've been trading for less than a year but you really shouldn't be worrying about what should have happened, just trade what you see. Don't complicate your life. Like someone else said before, trading should be simple and not complicated. The more you complicate things the blurrier the picture is and more distracted you get and eventually you make a wrong decision.
  • #104,553
  • Jun 2, 2009 8:11am Jun 2, 2009 8:11am
nothing happens without a reason in this market...i am sure there must be some thing about this no retracement move,we just need to find it out.
  • #104,554
  • Jun 2, 2009 8:13am Jun 2, 2009 8:13am
Quoting Turveyd
HAS to come down will get you killed, it doesn't have to do anything, whats it doing ?? do that, easy!!

Still uptrend here, reversing last summers huge drop interestingly!!

Your wasting your time, it seems that everyone around here is willing to spend whatever it takes to lay claim to having a position at the top of the next move down no sweat off my back
  • #104,555
  • Jun 2, 2009 8:13am Jun 2, 2009 8:13am
can't sleep I need to change my tp to 1.4281. K hope this works.
Gambling with PA
  • #104,556
  • Jun 2, 2009 8:14am Jun 2, 2009 8:14am
Waiting to short @1.99
  • #104,557
  • Jun 2, 2009 8:14am Jun 2, 2009 8:14am
Quoting gurangax
can't sleep I need to change my tp to 1.4281. K hope this works.
man go to sleep i already wished u best of luck...sweet dreams
  • #104,558
  • Jun 2, 2009 8:15am Jun 2, 2009 8:15am
Quoting pqt
Waiting to short @1.99

I think we may have a top BUT I'M NOT GOING TO TRADE IT. View the cycle as though it is price.
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  • #104,559
  • Jun 2, 2009 8:16am Jun 2, 2009 8:16am
btw my SL has not touched yet....so i am still on trade
  • #104,560
  • Jun 2, 2009 8:17am Jun 2, 2009 8:17am
Quoting Alihuzaifa
nothing happens without a reason in this market...i am sure there must be some thing about this no retracement move,we just need to find it out.

errrr....let me wager a guess...a change of market sentiment manifest in a huge volume of buys implying a stong upward price trend.
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