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  • #146,221
  • Sep 24, 2009 2:05pm Sep 24, 2009 2:05pm
Quoting Fly2
I only had a 5 pip SL in place caught 50 some pips
Right timing. Good move buddy.

Holding position until 1/10 risk/reward must be nerve testing.
The Thief of Wall Street
  • #146,222
  • Sep 24, 2009 2:05pm Sep 24, 2009 2:05pm
Finally something good happen.
  • #146,223
  • Sep 24, 2009 2:08pm Sep 24, 2009 2:08pm
Quoting Chicky
Right timing. Good move buddy.

Holding position until 1/10 risk/reward must be nerve testing.
I was 99.9% sure about it.With the R/R my stop loss only 5 pips it wasn't bad. I could have risked 5% with just saying here-->200 pip SL.Whats the difference?Its rare I'd do that.The good move is over now so back to reality.Then again my head is fuzzy heh need either more caffeine or sleep.
  • #146,224
  • Sep 24, 2009 2:10pm Sep 24, 2009 2:10pm
I don't know about 4950...but this area has been a rallying point for longs so far...H4 channel is penetrated pretty well on the downside (BBs), and there is the possibility of an H&S coming through. So this has to be a temptation for some long money to come in. I'm placing my trade on the bottom and using a tight stop. Target 4750. Good RR.
  • #146,225
  • Sep 24, 2009 2:12pm Sep 24, 2009 2:12pm
Quoting bebop
You guys act like you've never seen a 300 pip move before, lol.
Wait till weekly candle ends then decide whether a 300 pip move up would be logical given the circumstances. Also look at daily. In other words you'd be sitting in that trade for a long time, with low probability.

Take into account the ATR for the past 5 weeks is 244 pips.


Highly doubt it.
  • #146,226
  • Sep 24, 2009 2:12pm Sep 24, 2009 2:12pm
This is a testy area/can go either way
  • #146,227
  • Sep 24, 2009 2:16pm Sep 24, 2009 2:16pm
Markets tend to do unexpected. Currently below Monthly R2, Weekley Pivot and daily S2. Obvious target is mid 1.45.
  • #146,228
  • Sep 24, 2009 2:17pm Sep 24, 2009 2:17pm
Quoting Chicky
Right timing. Good move buddy.

Holding position until 1/10 risk/reward must be nerve testing.
This thread is so funny. I never heard of someone losing money or closing a position in loss so everybody is winning here.

I recommend rename this thread to "millionaires thread".
Discipline + Patience - Fear - Greed = Success
  • #146,229
  • Sep 24, 2009 2:20pm Sep 24, 2009 2:20pm
Quoting arezab
This thread is so funny. I never heard of someone losing money or closing a position in loss so everybody is winning here.

I recommend rename this thread to "millionaires thread".
lol I'll admit it I did some stupid stuff and lost trades before.Like forget about news coming out for 1 .Stop loss is my friend just like the trend hehe
Be careful here can go either way. IMO
  • #146,230
  • Sep 24, 2009 2:21pm Sep 24, 2009 2:21pm
Quoting arezab
This thread is so funny. I never heard of someone losing money or closing a position in loss so everybody is winning here.

I recommend rename this thread to "millionaires thread".
...except for me. And I'm the funniest mu....f....ker here.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #146,231
  • Sep 24, 2009 2:21pm Sep 24, 2009 2:21pm
I can see similar signs what happend on monday now so i think its going up ... if i look 1 h chart candles are weaker but still going in the same direction..... i might be wrong also not an totally expert with candle sticks ..
  • #146,232
  • Sep 24, 2009 2:22pm Sep 24, 2009 2:22pm
Quoting arezab
This thread is so funny. I never heard of someone losing money or closing a position in loss so everybody is winning here.

I recommend rename this thread to "millionaires thread".
Well, look at my super post here: http://www.forexfactory.com/showpost...stcount=137583

Sure was a winning view, but because I'm scared about going to be rich I'm short since 1,42 :-)))

So, if you are looking for NOT millionaire, here I am!
I'll send a bottle of wine to my first voucherer ;-)
  • #146,233
  • Sep 24, 2009 2:23pm Sep 24, 2009 2:23pm
Quoting arezab
This thread is so funny. I never heard of someone losing money or closing a position in loss so everybody is winning here.

I recommend rename this thread to "millionaires thread".

Haha...well thats because when someone makes a good call they make sure to come back and gloat. When someone makes a bad call they dissapear for a while. Just watch. If my 300 pip move turns out good I'll be sure to come back and talk smack. If I get stopped...well, you probably won't hear from me for a while.
  • #146,234
  • Sep 24, 2009 2:27pm Sep 24, 2009 2:27pm
Quoting bebop
Haha...well thats because when someone makes a good call they make sure to come back and gloat. When someone makes a bad call they dissapear for a while. Just watch. If my 300 pip move turns out good I'll be sure to come back and talk smack. If I get stopped...well, you probably won't hear from me for a while.
If it does than why not . hehe
  • #146,235
  • Sep 24, 2009 2:29pm Sep 24, 2009 2:29pm
well this is going to make up it mind shortly
  • #146,236
  • Sep 24, 2009 2:30pm Sep 24, 2009 2:30pm
stock market and economy have been raising based on what??? think about it stimullus home buyer credits but the reallity is that with out employments there can not we consumer spending and until we see a serious diclene on unemployments dollar must rise as a safe heaven again come on 530K employments thats not good news and home sales have been a fake since they started climbing if you are sitting in cash who wouldnt buy a home that is worth 40% of the previous value, and stocks raising of course because we are devaluating the dollar and is more attractive for foreing investors but think about it how are the earnings coming along if there is no money out in the streets all that money that is beeing printed in rellity does not exist is just credits and wires to banks not money for the people to spend and bank do not want to lend ,on the other hand if i lost my house and my credit is ruined what do i care about paying my credit cards , this is more a big fat lie than a recovery DOLLAR WILL RISE AGAIN.
  • #146,237
  • Sep 24, 2009 2:31pm Sep 24, 2009 2:31pm
Quoting Fly2
ouch to you I guess
yes ,lost this trade . waited for some time but after I lost patience & was in hurry go out it started working . Now it seems will back to 1.4690-1.4727 area before down again,h4,daily stoches still pointing th same big fall . No trades for today night time. be back next morning .
good night.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #146,238
  • Sep 24, 2009 2:33pm Sep 24, 2009 2:33pm
Ditto Aerzab!
  • #146,239
  • Sep 24, 2009 2:34pm Sep 24, 2009 2:34pm
Quoting arezab
This thread is so funny. I never heard of someone losing money or closing a position in loss so everybody is winning here.

I recommend rename this thread to "millionaires thread".
I'm new to the forum world but thats something that I also noticed. When things go against what people posted here they allways manage to get out at break even or with 2 or 5 pips.

If the statement that only 5% of traders are succesfull is correct, I would say that they are all here
  • #146,240
  • Sep 24, 2009 2:37pm Sep 24, 2009 2:37pm
Quoting fontu
yes ,lost this trade . waited for some time but after I lost patience & was in hurry go out it started working . Now it seems will back to 1.4690-1.4727 area before down again . No trades for today night time. be back next morning .
good night.
fontu
It dropped about 1 minute after you left.What a slap in the face that was to you.That sucked
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