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EURUSD

  • #125,081
  • Jul 24, 2009 8:01am Jul 24, 2009 8:01am
Quoting Zeroh
How so the Doji?
Evening Star!!
  • #125,082
  • Jul 24, 2009 8:03am Jul 24, 2009 8:03am
Quoting vanyxster
Evening Star!!
Hi five! Candlestick patterns 4tw!! got me in @ 38 hehe
  • #125,083
  • Jul 24, 2009 8:04am Jul 24, 2009 8:04am
Quoting agak_gila
are you shorting? when do you think it will reach 1.39 and then rebound to 1.43?
That's really a silly question.

He... nor does anyone else know.

Here's a question for him?

Do you think we continue to a new high or begin a move back off the double top?

m
  • #125,084
  • Jul 24, 2009 8:05am Jul 24, 2009 8:05am
Quoting ashlee_17
how safe is it to buy at this level?
Not quite safe enough... It's touched R1 and bounced... Maybe we will see PP soon... But it also possible that it'll retest the R1... If you consider this, how safe do you think it is?
  • #125,085
  • Jul 24, 2009 8:06am Jul 24, 2009 8:06am
Quoting Zeroh
Hi five! Candlestick patterns 4tw!! got me in @ 38 hehe
25 here
  • #125,086
  • Jul 24, 2009 8:06am Jul 24, 2009 8:06am
Quoting acumen
That's really a silly question.

He... nor does anyone else know.

Here's a question for him?

Do you think we continue to a new high or begin a move back off the double top?

m
err... you're right...
  • #125,087
  • Jul 24, 2009 8:09am Jul 24, 2009 8:09am
Quoting ashlee_17
how safe is it to buy at this level?
Long @ 1.4217. Tight SL. Not all indicators indicating a long, but FUCK IT! Let's gamble!
cut losses short, let profits run.
  • #125,088
  • Jul 24, 2009 8:10am Jul 24, 2009 8:10am
1) It's Friday... that's reason enough.
2) The market moving news hasn't been released.
3) We are near a critical breakout point.
4) The equity market isn't open yet.
5) It's Friday... did I say that yet?

m
  • #125,089
  • Jul 24, 2009 8:11am Jul 24, 2009 8:11am
Quoting agak_gila
well, you're doing the right thing... I usually put my sell limit before it touched R1... As the result, I lost a bunch when it breaks and didn't cover my profit... I think I should follow your patience
It's a hard thing, I know. I struggle with it at the moment as well. But we need to remember that this is a game of speculation and not something that you do like a 9-5 job. Just because we watch the market every day doesn't mean we have to take trades every day.

We are in the game to take money from the market yes, but we only do so if the market lines up with our edge (hopefully we have one) and money management rules. If we miss trades or don't trade for a few days, then that is too bad.

To compromise on our rules just leaves too much room for silly mistakes. We will lose on trades and be wrong a lot of the time, but the hope is that on balance we are profitable.
  • #125,090
  • Jul 24, 2009 8:11am Jul 24, 2009 8:11am
Quoting agak_gila
Not quite safe enough... It's touched R1 and bounced... Maybe we will see PP soon... But it also possible that it'll retest the R1... If you consider this, how safe do you think it is?
Thanks for your input.
  • #125,091
  • Jul 24, 2009 8:13am Jul 24, 2009 8:13am
Quoting acumen
1) It's Friday... that's reason enough.
2) The market moving news hasn't been released.
3) We are near a critical breakout point.
4) The equity market isn't open yet.
5) It's Friday... did I say that yet?

m


Yep, don't get burned people, it's friday...

Better be bored than broke. Market will still be there monday
Getting it right is NOT as important as not getting it wrong.
  • #125,092
  • Jul 24, 2009 8:13am Jul 24, 2009 8:13am
Quoting agak_gila
err... you're right...
Not picking on you... just see this kind of question often.

The thing is... I think you were asking for his input on a trade set up.

I'll give you my 1/2 cent... wait right now.

I'll be very, very surprised if we don't see .4300 today.

Any little bullish news or positive M sentiment we move higher.

m
  • #125,093
  • Jul 24, 2009 8:13am Jul 24, 2009 8:13am
Buffett said
http://www.forexlive.com/39002/all/b...-the-long-term




  • #125,094
  • Jul 24, 2009 8:14am Jul 24, 2009 8:14am
Quoting fxswing


Yep, don't get burned people, it's friday...

Better be bored than broke. Market will still be there monday
What's so special about Friday?
cut losses short, let profits run.
  • #125,095
  • Jul 24, 2009 8:15am Jul 24, 2009 8:15am
Quoting fxswing


Yep, don't get burned people, it's friday...

Better be bored than broke. Market will still be there monday
Just as important... it will be there at 11:00 after the new has been digested.

m
  • #125,096
  • Jul 24, 2009 8:22am Jul 24, 2009 8:22am
Quoting gelu
Buffett said
http://www.forexlive.com/39002/all/b...-the-long-term




buffet lies as usual...
  • #125,097
  • Jul 24, 2009 8:23am Jul 24, 2009 8:23am
when will the action start today?
  • #125,098
  • Jul 24, 2009 8:24am Jul 24, 2009 8:24am
Quoting ashlee_17
when will the action start today?
3pm
  • #125,099
  • Jul 24, 2009 8:25am Jul 24, 2009 8:25am
Quoting Domas4
What's so special about Friday?
Friday being the last day of the trading week, and the weekly candle close, you can get weird action, exactly the same that happen in the last 10 minutes of a 1 hour candle. It's less predictable, that's why Fridays are harder to trade imho
Getting it right is NOT as important as not getting it wrong.
  • #125,100
  • Jul 24, 2009 8:25am Jul 24, 2009 8:25am
Quoting Domas4
What's so special about Friday?
Large traders say Friday is the day you give back all the money you made during the last week.

m
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