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  • #126,601
  • Jul 29, 2009 3:14pm Jul 29, 2009 3:14pm
I am long a position around .4010. Not a big position but could be good for a hefty run back up. I think today we saw a risk averse move to the same old safe haven USD in reaction to the rumor of Chinese banks cutting back on their aggressive lending program. The same news pulled down commodities & stock indices across the board. Asian session will tell what may come and whether this was a "buy the rumor, sell the news" scenario.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #126,602
  • Jul 29, 2009 3:17pm Jul 29, 2009 3:17pm
If you are a scalper (I am) it's ok to ride the waves

Quoting Edgaras
Thats funny ok im thinking about margin call, predictions are not good, the down trend line in H4 was not reached yet, I dont say that its good to short now, but it was good before if you wanted to scalp, anyway its going down.
  • #126,603
  • Jul 29, 2009 3:17pm Jul 29, 2009 3:17pm
forex factory lost its css files or something... everything looks all jacked... did this happen to anyone else?
  • #126,604
  • Jul 29, 2009 3:18pm Jul 29, 2009 3:18pm
[quote=vulture;2913702]
Quoting Edgaras
The guys whose are telling about going down to 1.3850 are right. I think it will bear longer tommorow and on Friday, that shows predictions, and the only question is when to short?[/quote]

Good question! when in doubt you wait for pattern to develop, wait daily close new pivot points or london and a close antention to daily range developement too ,you dont have to take the entire move because you dont need to , a little bit out of it should be fine if you trade intraday its all about a smart trading plan
Thx, im already doing this
  • #126,605
  • Jul 29, 2009 3:18pm Jul 29, 2009 3:18pm
Quoting Edgaras
Ill will be very lucky then and it will look amazing through, why do you know it will go to 1.4130?
amazing would be level 1.43 tomorrow
so I'm up on euro and pound and trying to get the hell out of so called viagra from usdchf and I always try hard, very hard and it works finally
ROBOT FOREX
  • #126,606
  • Jul 29, 2009 3:20pm Jul 29, 2009 3:20pm
Quoting cobraforex
If you are a scalper (I am) it's ok to ride the waves
I know its ok, im a quite succesful scalper, but im trying to change my strategics, and i cant scalp because of margin call now...
  • #126,607
  • Jul 29, 2009 3:23pm Jul 29, 2009 3:23pm
Kidding? Kidding comes from Kid.

Quoting Edgaras
I know its ok, im a quite succesful scalper, but im trying to change my strategics, and i cant scalp because of margin call now...
  • #126,608
  • Jul 29, 2009 3:32pm Jul 29, 2009 3:32pm
Quoting cobraforex
Kidding? Kidding comes from Kid.
This is not the place to play games.
  • #126,609
  • Jul 29, 2009 3:47pm Jul 29, 2009 3:47pm
Quoting dancarey
please post a chart if you're talking about channels. I can draw about 3 or 4 of them on mine right now, not sure which one you're talking about.
That's the one. Close to perfect. pa reverse about 10 pips from upper and lower walls
Attached Image (click to enlarge)
Click to Enlarge Name: up channel.gif Size: 28 KB
Riding the Dragon....
  • #126,610
  • Jul 29, 2009 3:48pm Jul 29, 2009 3:48pm
Plus this beautiful doji on H4
Riding the Dragon....
  • #126,611
  • Jul 29, 2009 3:50pm Jul 29, 2009 3:50pm
Killerwhale where the hell you been??
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #126,612
  • Jul 29, 2009 3:52pm Jul 29, 2009 3:52pm
BTW i dont see suntrader anymore vacation??
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #126,613
  • Jul 29, 2009 4:02pm Jul 29, 2009 4:02pm
Quoting cobraforex
You shouldn't, especially with poisoned snakes.

A successful scalper, he?

http://www.forexfactory.com/showthre...90#post2911690

Well if i asked a question it doesnt mean that I scalp bad. I know now im stucked, but before i have seen better times. And you know what?Now I know what is a pivot point.
  • #126,614
  • Jul 29, 2009 4:05pm Jul 29, 2009 4:05pm
Quoting Edgaras
I know its ok, im a quite succesful scalper, but im trying to change my strategics, and i cant scalp because of margin call now...
You need money management lessons... I'm not being sarcastic but dead serious. The mere fact that you're facing margin call is that you have no SL or attempting to trade without capital.

I'm a newbie also but after 3 painful weeks, i've learned my lesson. Not more than 2%... That's the magic number.
  • #126,615
  • Jul 29, 2009 4:11pm Jul 29, 2009 4:11pm
Quoting Anskiere
You need money management lessons... I'm not being sarcastic but dead serious. The mere fact that you're facing margin call is that you have no SL or attempting to trade without capital.

I'm a newbie also but after 3 painful weeks, i've learned my lesson. Not more than 2%... That's the magic number.


I hope you guys are still playing with a demo. these are things best learned for free.

I think I'll crawl back under my rock.
  • #126,616
  • Jul 29, 2009 4:11pm Jul 29, 2009 4:11pm
Quoting Anskiere
You need money management lessons... I'm not being sarcastic but dead serious. The mere fact that you're facing margin call is that you have no SL or attempting to trade without capital.

I'm a newbie also but after 3 painful weeks, i've learned my lesson. Not more than 2%... That's the magic number.
I know, but i think the best SL is 40-50 pips, for sure if 40-50 is 2 percent of capital everything is fine.
  • #126,617
  • Jul 29, 2009 4:24pm Jul 29, 2009 4:24pm
What just happened to NZD/USD????????
  • #126,618
  • Jul 29, 2009 4:26pm Jul 29, 2009 4:26pm
Quoting Poidog
What just happened to NZD/USD????????
It made me very very happy.
There's always money in the banana stand.
  • #126,619
  • Jul 29, 2009 4:32pm Jul 29, 2009 4:32pm
Quoting Poidog
What just happened to NZD/USD????????

Perhaps this:

The Reserve Bank is leaving the Official Cash Rate unchanged at 2.50 percent, because of a "patchy" economic recovery and uncertain outlook.

The central bank says official interest rates could still be cut further.

Reserve Bank governor Alan Bollard says the high New Zealand dollar is not helping the growth outlook and wholesale interest rates are higher than assumed six weeks ago. The expected recovery may not happen unless the currency comes down.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #126,620
  • Jul 29, 2009 4:36pm Jul 29, 2009 4:36pm
Hey Edgar, you updated your profile and it shows that you have 18 years, so peace and wellcome here.

Try to care about your hard earned bucks when it comes to live trading and read, practice, read etc.

See you

Quoting Edgaras
I know, but i think the best SL is 40-50 pips, for sure if 40-50 is 2 percent of capital everything is fine.
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