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EURUSD

  • #116,881
  • Jul 1, 2009 8:16am Jul 1, 2009 8:16am
there is a news after 45 min from now

*USD ISM Manufacturing (JUN)

does it woth quitting from any trade

i have another long position @ GBPUSD

please tell me
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #116,882
  • Jul 1, 2009 8:20am Jul 1, 2009 8:20am
Quoting negro wolf
there is a news after 45 min from now

*USD ISM Manufacturing (JUN)

does it woth quitting from any trade

i have another long position @ GBPUSD

please tell me
Well if you already have profit in your trade, no harm TP'ing half of it and shift SL to entry.
  • #116,883
  • Jul 1, 2009 8:21am Jul 1, 2009 8:21am
Quoting dbfusion
I got burned so many times trying to pick highs and lows.

going up 100 pip doesn't mean it should go down and vise verse, in fact it can continue another 200 pips .

I don't know and no one can tell . so I only trade with the trend and the momentum

everything is pointing up for me , there is no way i am going to try to short.

I wish you luck ofcorse , just careful coz I gave the market planty of pips this way.

I call it gambling and usually from what i said it doesn't pay off.
agreed - you speak sense mate. still, had a good day today so gonna try and keep hold of the rest of my cash now until tom!! lol
  • #116,884
  • Jul 1, 2009 8:21am Jul 1, 2009 8:21am
news soonn
  • #116,885
  • Jul 1, 2009 8:22am Jul 1, 2009 8:22am
Quoting MrTrendy
short @ 4128 - 10 pip sl
No Confirmation for Short.

Be Happy.
  • #116,886
  • Jul 1, 2009 8:22am Jul 1, 2009 8:22am
Quoting negro wolf
there is a news after 45 min from now

*USD ISM Manufacturing (JUN)

does it woth quitting from any trade

i have another long position @ GBPUSD

please tell me
My opinion is if you are in the green with your trade to wait the news and if you can take the hit of seeing your profits disappear - setup your SL at BE and go with the news for a higher profit. Check the news and the DOW and if you see any sign of trouble (fundamental wise) bail out.

I was puzzled myself by the reaction of the market to this news which were bullish for USD fundamentally. Which means we might be in for some surprises at the next round.
  • #116,887
  • Jul 1, 2009 8:25am Jul 1, 2009 8:25am
Quoting MrTrendy
agreed - you speak sense mate. still, had a good day today so gonna try and keep hold of the rest of my cash now until tom!! lol
that's a good choice !

I am not going to think trading today unless we are back close to the trend line which doesn't seem easy or soon.

so I am done and waiting for a trend reversal and confirmation too which might be tomorrow or after tomorrow . I don't care when
its just I want to be there when it happens.
I SEE YOU !!
  • #116,888
  • Jul 1, 2009 8:26am Jul 1, 2009 8:26am
4160+ damn you volatility that knocked me out !
I SEE YOU !!
  • #116,889
  • Jul 1, 2009 8:27am Jul 1, 2009 8:27am
here we go again ..... swing swing
  • #116,890
  • Jul 1, 2009 8:27am Jul 1, 2009 8:27am
Quoting dbfusion
4160+ damn you volatility that knocked me out !
Dude it's not volatility that knocked you out but your entry point, direction and ISL.
  • #116,891
  • Jul 1, 2009 8:28am Jul 1, 2009 8:28am
Quoting TheFisherman
My opinion is if you are in the green with your trade to wait the news and if you can take the hit of seeing your profits disappear - setup your SL at BE and go with the news for a higher profit. Check the news and the DOW and if you see any sign of trouble (fundamental wise) bail out.

I was puzzled myself by the reaction of the market to this news which were bullish for USD fundamentally. Which means we might be in for some surprises at the next round.
surprising indeed.. i tot the flight to safety will come to play and i bailed out.. now i could have earned at least 60 pips more
  • #116,892
  • Jul 1, 2009 8:30am Jul 1, 2009 8:30am
Hi, is anyone using MACD on a Meta Trader4 platform?

If yes, what are your settings for the Fast/slow/signal EMA and why (if its not the default).
  • #116,893
  • Jul 1, 2009 8:30am Jul 1, 2009 8:30am
Quoting TheFisherman
Dude it's not volatility that knocked you out but your entry point, direction and ISL.
i knew its a bull day and i am in the train for 4 hours . my mistake is that I closed both positions .
but any how its good , could have been better but still good .
I SEE YOU !!
  • #116,894
  • Jul 1, 2009 8:31am Jul 1, 2009 8:31am
Quoting trading801
surprising indeed.. i tot the flight to safety will come to play and i bailed out.. now i could have earned at least 60 pips more
I scaled down at some point, but was at a hair width close to liquidating the position. I guess my gut feeling that most of ppl here despise made me stay with half and now I'm hoping for a home run.

Some advice for the guys that want to short: you might have not noticed by now but most of the time when trend change there is a long range close to but not at the top. If you wanna play a trend change, play that range break. The times the trend reverses without a range is not worth chasing cause you will get burned.
  • #116,895
  • Jul 1, 2009 8:33am Jul 1, 2009 8:33am
could have grabbed an extra 50 but i closed out early 50 pips still good, good luck all, looks like sky is the limit now, there must be a correction soon enough though, price went up far too high too quickly for my liking
  • #116,896
  • Jul 1, 2009 8:36am Jul 1, 2009 8:36am
Quoting nahman
could have grabbed an extra 50 but i closed out early 50 pips still good, good luck all, looks like sky is the limit now, there must be a correction soon enough though, price went up far too high too quickly for my liking
Might not be a correction but a range close to the top. Anywho, the next news is either gonna put it back down or take it to R2 at least then range until tomorrow. This scenario is in my likings since I think NFP will dunk the euro again (and again, and again, and again )
  • #116,897
  • Jul 1, 2009 8:40am Jul 1, 2009 8:40am
4312 4249 4148 4050 3986 3936 3885 3823 3723
i dont advise standing in front a train, but 4148 is a hell of s/r but wicks do cross it.. but it usauly returns..
those who can, do. those who cant, talk about those who can
  • #116,898
  • Jul 1, 2009 8:41am Jul 1, 2009 8:41am
HI there.

If Market won't break the 4270 , the main Support ( area ) is Blue rectangle.

Be Happy.
Attached Image (click to enlarge)
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  • #116,899
  • Jul 1, 2009 8:42am Jul 1, 2009 8:42am
Oil inventories is the easiest news to trade. I'm prepping my oil shotgn . Gator, are you there?
  • #116,900
  • Jul 1, 2009 8:43am Jul 1, 2009 8:43am
Quoting gatorinla
4312 4249 4148 4050 3986 3936 3885 3823 3723
i dont advise standing in front a train, but 4148 is a hell of s/r but wicks do cross it.. but it usauly returns..
The Man has spoken.... like reading your posts ... all respect
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