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  • #145,441
  • Sep 22, 2009 4:24pm Sep 22, 2009 4:24pm
Quoting clem699
Hi buddy,what is the meaning of BE.
I'm new to this site please,i mean reading and submitting posts.
Break even
moving stop loss to BE
  • #145,442
  • Sep 22, 2009 4:29pm Sep 22, 2009 4:29pm
Quoting xtensive
Question for pivot traders...on a day like today when the day starts fairly close to the pivot and then rockets away not retracing towards the pivot at all (other than to bounce off R2 a few times as support instead of resistance), is that a sign of a major move back to the pivot in the future?

Usually price likes to move towards the pivot during the day at some point from my observations...any insight?

Mike
simply waiting and observing how price behaves at a pivot is clue to future direction. next level is usually the next pivot. watch to see how price behaves the first pivot it encounters at the start of the session and you will get a big clue which side of the market to be on.
  • #145,443
  • Sep 22, 2009 4:59pm Sep 22, 2009 4:59pm
I think we may see 850/still no sure direction yet but thats what my trend says as of now--more up movement
  • #145,444
  • Sep 22, 2009 4:59pm Sep 22, 2009 4:59pm
Quoting viljam
http://www.ibtimes.com/articles/2009...n-defaults.htm

Intresting reading !
this cant be good taken out your link.. "However, separate monthly data from credit bureau Equifax Inc (EFX.N) showed a record 7.58 percent of U.S. homeowners with mortgages were at least 30 days late on payments in August, up from 7.32 percent in July."
those who can, do. those who cant, talk about those who can
  • #145,445
  • Sep 22, 2009 5:00pm Sep 22, 2009 5:00pm
Quoting clem699
Hi buddy,what is the meaning of BE.
I'm new to this site please,i mean reading and submitting posts.

BE is Break Even

EXAMPLE:
if u enter @ 1.4100 , SL 20 , TP 50

if price go to you direction ( Positive ) just adjust SL to 1.4100

and if price go aginest you (negitive ) ,, postion will closed @ your entry 1.4100

with Profit 0 $ .. so no loss.
Never sell @ lower upward channel unless breacked and vise versa .
  • #145,446
  • Sep 22, 2009 5:06pm Sep 22, 2009 5:06pm
Quoting gatorinla
this cant be good taken out your link.. "However, separate monthly data from credit bureau Equifax Inc (EFX.N) showed a record 7.58 percent of U.S. homeowners with mortgages were at least 30 days late on payments in August, up from 7.32 percent in July."
It can only get worse/I know unemployment payments ran out for a lot of people.Now what?Some if not most of those checks where going to pay just that.If Unemployment benefits aren't extended yet again this will be some bad news for businesses come Christmas Time.
  • #145,447
  • Sep 22, 2009 5:08pm Sep 22, 2009 5:08pm
Quoting WedWed
BE is Break Even

EXAMPLE:
if u enter @ 1.4100 , SL 20 , TP 50

if price go to you direction ( Positive ) just adjust SL to 1.4100

and if price go aginest you (negitive ) ,, postion will closed @ your entry 1.4100

with Profit 0 $ .. so no loss.
If it goes against you wouldn't that mean a loss of 20 pips being stopped out at 1.4080?
never mind I see what are saying to them.I just read it wrong
  • #145,448
  • Sep 22, 2009 5:10pm Sep 22, 2009 5:10pm
i'm long at 90 grabbin a few pips/in and out
  • #145,449
  • Sep 22, 2009 5:13pm Sep 22, 2009 5:13pm
Quoting Fly2
I think we may see 850/still no sure direction yet but thats what my trend says as of now--more up movement
more then likely.. im gonna wait although a spike is not out the question.

usdx is near support and looks like it may not hold. im waiting for statement.. if eu goes down it will be a better buy price after. im just gonna wait till then
those who can, do. those who cant, talk about those who can
  • #145,450
  • Sep 22, 2009 5:16pm Sep 22, 2009 5:16pm
Quoting Fly2
It can only get worse/I know unemployment payments ran out for a lot of people.Now what?Some if not most of those checks where going to pay just that.If Unemployment benefits aren't extended yet again this will be some bad news for businesses come Christmas Time.
all we wolves can do is sit on the hill and wait. and pick off the weak ones.
those who can, do. those who cant, talk about those who can
  • #145,451
  • Sep 22, 2009 5:19pm Sep 22, 2009 5:19pm
back to the sidelines--Lots of news in the morning to make this thing go somewhere.
  • #145,452
  • Sep 22, 2009 5:26pm Sep 22, 2009 5:26pm
http://forex.fxdd.com/57838/forex-tr...ith-lower-lows

  • #145,453
  • Sep 22, 2009 6:17pm Sep 22, 2009 6:17pm
Nice 90+ surge in the Kiwi for kiwi traders...because....of this
Doing what you like is Freedom. Liking what you do is Happiness.
  • #145,454
  • Sep 22, 2009 6:21pm Sep 22, 2009 6:21pm
Tanx for the explanation webweb.
  • #145,455
  • Sep 22, 2009 6:21pm Sep 22, 2009 6:21pm
whoa. did you see the spike down on the E/J. usd/jpy is going down.
  • #145,456
  • Sep 22, 2009 6:22pm Sep 22, 2009 6:22pm
Tanx webweb for the explanation.
  • #145,457
  • Sep 22, 2009 6:26pm Sep 22, 2009 6:26pm
34 pip spike on EU.
  • #145,458
  • Sep 22, 2009 6:27pm Sep 22, 2009 6:27pm
Damn, alert woke me up, i had a nice dream.
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #145,459
  • Sep 22, 2009 6:27pm Sep 22, 2009 6:27pm
... and goneeeeee
  • #145,460
  • Sep 22, 2009 6:29pm Sep 22, 2009 6:29pm
it seems tomorrow is gonna be a long day
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