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  • #108,441
  • Jun 10, 2009 8:13am Jun 10, 2009 8:13am
Quoting notch
Cough...cough!
I have 1.3941 as support. Just got in long prematurely. Whether it gets there now before a retrace is the question I am asking myself
  • #108,442
  • Jun 10, 2009 8:13am Jun 10, 2009 8:13am
the daily lower trend line is now resistance eh
  • #108,443
  • Jun 10, 2009 8:15am Jun 10, 2009 8:15am
Quoting Alihuzaifa
was there any news at this particular time?
Did you ever find out about the time to news indicator or script you asked about? Too lazy to look back at the posts.
  • #108,444
  • Jun 10, 2009 8:15am Jun 10, 2009 8:15am
Quoting FX-Petra
No question they were a part of the last big bubble, and it looks like they are trying again. Everyone likes easy money.... but this run up in oil cannot last, it will come crashing down again (and the Euro with it).
yeah, but you could go broke betting against them many times. i think your correct.. but broke and correct wont buy you breakfast..its patriotic to bankrupt the country..havent you heard..

hey oil and equitys may have found their equiliberium... so lets see if they both fall.. still early but remember last summer...but today oil is up equitys down...yet euro down...is it a crack? if so i dont think bulls will be there to stop it..
those who can, do. those who cant, talk about those who can
  • #108,445
  • Jun 10, 2009 8:16am Jun 10, 2009 8:16am
currencyexchyou just spit your problem. Why are you listening to people on the forum? Why aren't you trading your own charts? Scalping is not for everyone and since u almost wiped out the account scalping is the worse thing you can do. Step away from your computer for few days and reevaluate. Seems like you dont have a trading strategy or plan. Need to create a plan dude. You should have SL's in place so that you dont get trapped. Read my previous posts and you will understand what I am talking about. EU currently is in a no trading zone its ranging like hell and you dont want any part of it. take the time to study the chart instead
  • #108,446
  • Jun 10, 2009 8:19am Jun 10, 2009 8:19am
Quoting currencyexch
Is there anyone here that really knows what they are doing? I don't ask to be cocky but I haven't been able to hit a positive trade since paper trading and close to wiping out account and now forced to scalp to ty and recoup but the volatility is whacking me 15 - 20 pips at atime as the trades have to be damn near dead on to go in the right direction or I have to bale, Can't hit the borad side of a barn and pretty much need the home run play at this time
only look at your chart , dont listen to others
Attached Image (click to enlarge)
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  • #108,447
  • Jun 10, 2009 8:22am Jun 10, 2009 8:22am
Euro Long here coincides with a 61.8 retrace on the YEN-Dollar this is a BUY signal people
  • #108,448
  • Jun 10, 2009 8:23am Jun 10, 2009 8:23am
Quoting vinesh2
currencyexchyou just spit your problem. Why are you listening to people on the forum? Why aren't you trading your own charts? Scalping is not for everyone and since u almost wiped out the account scalping is the worse thing you can do. Step away from your computer for few days and reevaluate. Seems like you dont have a trading strategy or plan. Need to create a plan dude. You should have SL's in place so that you dont get trapped. Read my previous posts and you will understand what I...
I had a plan, determine direction, where is the price and how can I get involved, Everytime I sell the resistance or buy the support it breaks it, Whether I had bs at 20 or 50 seems I get hit, If I traded the breakout they were generally false, My take last night was Euro would break from 1.4070 only to see it take off the other direction and then of course thinking the downside was a correction got caught in that too.
Basically I pick the wrong direction each time. Based on my chart not the forum. I only asked if someone knew HONESTLY what they were doing just so I could follow and learn from someone successful
  • #108,449
  • Jun 10, 2009 8:24am Jun 10, 2009 8:24am
Quoting currencyexch
Is there anyone here that really knows what they are doing? I don't ask to be cocky but I haven't been able to hit a positive trade since paper trading and close to wiping out account and now forced to scalp to ty and recoup but the volatility is whacking me 15 - 20 pips at atime as the trades have to be damn near dead on to go in the right direction or I have to bale, Can't hit the borad side of a barn and pretty much need the home run play at this time
Vinesh said it well. There are people on this forum who know what they are doing - yes. Paper trading and live trading are two mutually exclusive endeavors. I do remember, feeling exactly the way you are know with the same exact results you are having (sometimes, I feel that way now ), but - as Vinesh said - step back; stop trading (or go back to paper trading), read, study, read some more (especially mindset trading stuff) find a method that gives you an edge then practice; practice, practice, practice, practice and when you're tired of practicing - practice and practice some more.
Pip what you see; See what you pip!
  • #108,450
  • Jun 10, 2009 8:25am Jun 10, 2009 8:25am
Quoting currencyexch
Is there anyone here that really knows what they are doing? I don't ask to be cocky but I haven't been able to hit a positive trade since paper trading and close to wiping out account and now forced to scalp to ty and recoup but the volatility is whacking me 15 - 20 pips at atime as the trades have to be damn near dead on to go in the right direction or I have to bale, Can't hit the borad side of a barn and pretty much need the home run play at this time
Welcome to the real world of trading. If you're close to wiping out account, stop now. Take a break and look over your trades. The market is volatile today. Will be for the rest of the week most likely.
  • #108,451
  • Jun 10, 2009 8:26am Jun 10, 2009 8:26am
Quoting Atlast
I have 1.3941 as support. Just got in long prematurely...
I have 3957 as M2 pivot, and was also long a little early when it broke a key TL for me that has been working very well and I did reload at M2.

However, if this is the beginning of a knife fight, then any Break and Clear below M2 and I'm out, gone, and turning off the puter.

No reason to bolt prematurely tho...
FUBAR...
  • #108,452
  • Jun 10, 2009 8:27am Jun 10, 2009 8:27am
Now if I were asked to call it I'd say go long at 1.3916 based on 4 hr chart. Anyone close to this?
  • #108,453
  • Jun 10, 2009 8:27am Jun 10, 2009 8:27am
3927 3831 3806 3801 3781 3742 3644 3608 3588. these should all be good as s/r depending on move more could be added. close below 3800 should be good for bears..
those who can, do. those who cant, talk about those who can
  • #108,454
  • Jun 10, 2009 8:28am Jun 10, 2009 8:28am
Quoting currencyexch
I only asked if someone knew HONESTLY what they were doing just so I could follow and learn from someone successful
A mentor is good - absolutely. There are many system threads on FF that have been developed my experienced traders - sift through them, find one you like, allow them and the others engaged in that system to become a mentor to you from a distance - it works - I'm a product of doing just that.

As an example - for myself; I became a student of Cobra's THV system of trading - I worked hard, engaged in the thread, "Learned" the method and then practiced........... alot -
Pip what you see; See what you pip!
  • #108,455
  • Jun 10, 2009 8:30am Jun 10, 2009 8:30am
Quoting ak4x
if this is the beginning of a knife fight,

No reason to bolt prematurely tho...
then here {throwing a knife at ya} - catch!!
Pip what you see; See what you pip!
  • #108,456
  • Jun 10, 2009 8:31am Jun 10, 2009 8:31am
Start looking to sell the eurusd tomorrow on it retracements....
  • #108,457
  • Jun 10, 2009 8:31am Jun 10, 2009 8:31am
Quoting currencyexch
I had a plan, determine direction, where is the price and how can I get involved, Everytime I sell the resistance or buy the support it breaks it, Whether I had bs at 20 or 50 seems I get hit, If I traded the breakout they were generally false, My take last night was Euro would break from 1.4070 only to see it take off the other direction and then of course thinking the downside was a correction got caught in that too.
Basically I pick the wrong direction each time. Based on my chart not the forum. I only asked if someone knew HONESTLY what they...
maybe it can help...then use ur M5/M15 vs vol to determine the entry point....Eu scalp with this TF enough for max 20 pips....

for GU max 30 pips..

for GY usually 40-50pips max...sometime can go to 100-200pips...

and do not trade 5 min b4 and after news....good luck
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  • #108,458
  • Jun 10, 2009 8:33am Jun 10, 2009 8:33am
Quoting Forex ATM
careful here

consider a long entry at 1.3950

watch the obvious 1.4000 stop sign...above this retesting 1.4025

corrected sorry
  • #108,459
  • Jun 10, 2009 8:33am Jun 10, 2009 8:33am
Quoting currencyexch
Is there anyone here that really knows what they are doing? I don't ask to be cocky but I haven't been able to hit a positive trade since paper trading and close to wiping out account and now forced to scalp to ty and recoup but the volatility is whacking me 15 - 20 pips at atime as the trades have to be damn near dead on to go in the right direction or I have to bale, Can't hit the borad side of a barn and pretty much need the home run play at this time
I am always leery of those who claim they are experts in Forex--call me cautious, but....

STOP TRADING.
Sit back a bit and reevaluate.
NOW, go learn some stuff.
Go to babypips.com and go through ALL the lessons there. Really.
Read these forums and start demo trading. Better to lose fake money than real.
Be patient. Some times are just bad for trading for particular methods (trending, etc).
LEARN ABOUT MONEY MANAGEMENT.
Make a list of the rules you'll follow (i.e. money management, etc) and follow them.

GOOD LUCK, and best wishes,
Tanya

PS--for trending, I follow Jacko's thread here on FF. I use my own scalping methods.
  • #108,460
  • Jun 10, 2009 8:38am Jun 10, 2009 8:38am
Quoting Atlast
Did you ever find out about the time to news indicator or script you asked about? Too lazy to look back at the posts.
no lol i didnt got...if u have it please post it...generally i miss news timings
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