good one
Close your eyes when you feel you are going under.
- #135,323
- Aug 26, 2009 12:31pm Aug 26, 2009 12:31pm
- Joined Oct 2008 | Status: sideline is a position | 105,173 Posts
those who can, do. those who cant, talk about those who can
- #135,325
- Aug 26, 2009 12:37pm Aug 26, 2009 12:37pm
- | Joined Aug 2007 | Status: Say what ? | 1,888 Posts
- #135,327
- Aug 26, 2009 12:49pm Aug 26, 2009 12:49pm
i guess thats possible .. but i dont have a couple hundred billion to move market. it would be much easier to do it through oil.. by having a terrorist blow up a pipeline.. or a big oil company just saying it..even it it didnt happen..
a friend of mine works in oil industy.. he wasnt there when incident happend but he had to install a wall in front a exit door on a construction trailor. constuction trailor was for a pipline being built. they keep a fence around the workers as pipeline is being built. anyway my buddy was going to this sight on...
yep.. thats only one way how to manipulate the market...
- #135,328
- Aug 26, 2009 12:50pm Aug 26, 2009 12:50pm
looks like its' bear trap don't you understand before news?!
Close your eyes when you feel you are going under.
- #135,329
- Aug 26, 2009 12:54pm Aug 26, 2009 12:54pm
I bet you had a bullish sentiment (or maybe you have some long position hanging somewhere?), trying to refute every bearish action. Wish you all the best though, no offense!
Sometimes someone have a position open somewhere and continue to say that the pair go where they have a position. They refuse to see that the market has reversed.
- #135,330
- Edited 1:07pm Aug 26, 2009 12:55pm | Edited 1:07pm
- | Joined Aug 2007 | Status: Say what ? | 1,888 Posts
Sorry sorry soryy guys
its my first time here
now the right chartok
ok 800x600 ??
Okay, then.
14249. you should be good. you've got 1:1 RR which needs improvement,
you'll see why that's important in another trade, probably not on this one 'cause it should
give you the pips you want. It's when it goes badly that you learn something.
If we close here, DP will be around 14263 the 38% ret. of today's range would be 14265.
So again, it's doable.
14250/53 was support and the weekly pivot so a retest wouldn't surprise.
and your TP is close there too.
Once again, doable.
The only problem I see on this trade is that you might actually make money
on this trade and you won't understand why. That's kinda dangerous.
Of course you'll need to keep your shoes on for a little bit.
None of us here can make the euro trade 4250....would if we could.
Maybe could even spill over into the Asian session. Also likely (as of this writting).
And you got a stop. That's all that matters now.
You've defined your risk, identified your profit. I'd say you're okay here.
Don't let this turn into a loss.
Your stop should probably be at break even plus a little right now, so it costs you nothing either way.
Neither would I exit right now because you'll learn nothing from the trade
and start bad habits of exiting before it's time, not following your plan,
and a whole host of other faux pas (you did what foe yo' paw ?) little humor there.
So If you're long at 14210, you did good. Don't let yourself lose.
I am not long myself. I'm trading difrerent time frames with a somewhat different approach.
Even though I think your trade has merit, it's not what I'm trying to accomplish at this time,
so my trade will be different. different level. different objective. different strategy.
That's my way of saying I'm a total ass, but I have a plan
.Make certain you have a plan too.
- #135,334
- Aug 26, 2009 1:05pm Aug 26, 2009 1:05pm
- Joined Sep 2008 | Status: Are you sure this is how its done? | 2,331 Posts
while market is slow its time to get nude and reflect. http://www.youtube.com/watch?v=cz-1cBfOCc4
and aone-and atwo-and athree {cue the bubbles}Its nice even with your clothes on.
- #135,337
- Aug 26, 2009 1:13pm Aug 26, 2009 1:13pm
bears its ready to another ride..
Close your eyes when you feel you are going under.
- #135,339
- Aug 26, 2009 1:18pm Aug 26, 2009 1:18pm
- | Joined Aug 2007 | Status: Say what ? | 1,888 Posts
