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  • #148,721
  • Oct 2, 2009 5:30am Oct 2, 2009 5:30am
Quoting Fly2
Yes (Trading) is right.If you are new especially stick with 2 %. you can lose a crapload of trades and still have a decent balance on your account to get the winners.I learned the hard way a few times myself as have many others..If your trading strategy uses a 40 pip stop loss then maybe 1 %.if its a 20 pip stoploss then 2 %--just examples but you can do the math with your 2%

it took me about 2- 3 margin calls to learn back then LOL
  • #148,722
  • Oct 2, 2009 5:35am Oct 2, 2009 5:35am
Last month NFP news USD strengthened and then as soon as Stock market opened it reversed and the Euro gained strength.I'm leaning towards the same again.So maybe that will fix the shoulder
  • #148,723
  • Oct 2, 2009 5:36am Oct 2, 2009 5:36am
Quoting trading801
it took me about 2- 3 margin calls to learn back then LOL
took me more than that.heh.but I was using mini account with not much in there luckily!ANd that minimum deposit is a sucker deal with the 400:1 leverage.That'll blow you right out
  • #148,724
  • Oct 2, 2009 5:37am Oct 2, 2009 5:37am
Quoting Fly2
Last month NFP news USD strengthened and then as soon as Stock market opened it reversed and the Euro gained strength.I'm leaning towards the same again.So maybe that will fix the shoulder

but the s&p 500 has been tanking theses days... we have to see how good or bad the nfp is first..
  • #148,725
  • Oct 2, 2009 5:48am Oct 2, 2009 5:48am
See if they hold true
Attached Image (click to enlarge)
Click to Enlarge Name: FriEurooct2.JPG Size: 147 KB
  • #148,726
  • Oct 2, 2009 5:53am Oct 2, 2009 5:53am
That would depend FX...if you are in profit, why not take half off the table and move your stop to 1pip past your break even....this way, you have some profits taken and you now have a free trade going.

If you are in a small loss, I would just close out and start again next week.

By the way, its called NFP (Non Farm Payroll), not NFE...


Quoting myfx
Hi Guys,

I have few running trades. Since there is NFE release, i am bit confused whether to close the trades or adjust my SL, so that I could avoid from hitting it. Need you guys advice.

-myfx-
In Charts We Trust!
  • #148,727
  • Oct 2, 2009 5:59am Oct 2, 2009 5:59am
Quoting dreeamer
Perhaps breaking news on http://www.independent.ie/ or http://www.sbpost.ie/
Thank You
Riding the Dragon....
  • #148,728
  • Oct 2, 2009 6:02am Oct 2, 2009 6:02am
Quoting Fly2
Last month NFP news USD strengthened and then as soon as Stock market opened it reversed and the Euro gained strength.I'm leaning towards the same again.So maybe that will fix the shoulder
You think we go south today ? I dont know how market reacted last time but when read the reports of last times then all the news were negative for USD. I really hope to see that the news are this time good so maybe we can see some trend reversal maybe ? I am not an expert but i hope that wee see trend reversal ..
  • #148,729
  • Oct 2, 2009 6:02am Oct 2, 2009 6:02am
heres my targets for up
Looks like a Gator Chart huh?
other 2 extensions were 701 and 756.Looks like a shoulder completion there to me
Attached Image (click to enlarge)
Click to Enlarge Name: frioct2upsidefib.JPG Size: 168 KB
  • #148,730
  • Oct 2, 2009 6:06am Oct 2, 2009 6:06am
Thought I'd share this with the group.

Its an indicator that shows you the percentage close of the current price bar.

I find it helpful when I'm timing waiting a news release and waiting on the current price bar to close.

Prior to this, I used to have my pc clock on display in order to wait for the price close of a bar...

Also helps you scalpers who are waiting on price bar closes...
Attached File(s)
File Type: ex4 BarTimer.ex4   3 KB | 244 downloads
In Charts We Trust!
  • #148,731
  • Oct 2, 2009 6:07am Oct 2, 2009 6:07am
Quoting Fly2
I just shorted myself at 50 area if down I see a lil bounce at 34 then 17 may be off a pip or 2 due to different platform
theres your first lil bounce now
  • #148,732
  • Oct 2, 2009 6:17am Oct 2, 2009 6:17am
Quoting Fly2
theres your first lil bounce now
Nice one I got my 20 pipes today so now i am careful to see what is going to happend
  • #148,733
  • Oct 2, 2009 6:26am Oct 2, 2009 6:26am
seems like the forum dies also before the big news lilke market lol
  • #148,734
  • Oct 2, 2009 6:26am Oct 2, 2009 6:26am
Quoting viljam
Nice one I got my 20 pipes today so now i am careful to see what is going to happend
Who says you can't predict the future hehe
  • #148,735
  • Oct 2, 2009 6:28am Oct 2, 2009 6:28am
updated levels TF -4H, Daily.
cci12
Attached Image (click to enlarge)
Click to Enlarge Name: e_d1.png Size: 29 KB


Attached Image (click to enlarge)
Click to Enlarge Name: e_h4.png Size: 29 KB
  • #148,736
  • Oct 2, 2009 7:16am Oct 2, 2009 7:16am
And here we go again:

http://www.boreme.com/media/yr2007/s...-explained.jpg
  • #148,737
  • Oct 2, 2009 7:18am Oct 2, 2009 7:18am
Good day.
Waiting for NFP, currently long. This is the nervous time in the market.
Hourly in small rising wedge since the low, but trend overall is still down, so my trade is counter-trend.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 02_10_2009 (60 Min)-trend.jpg Size: 53 KB
  • #148,738
  • Oct 2, 2009 7:19am Oct 2, 2009 7:19am
EUR/USD SELL RECOMMENDATION ISSUED @1.4625; STOP 1.4775 (REMOVE IF NOT TRIGGERED BY CLOSE FRIDAY)

daily fx
  • #148,739
  • Oct 2, 2009 7:25am Oct 2, 2009 7:25am
Quoting Alihuzaifa
EUR/USD SELL RECOMMENDATION ISSUED @1.4625; STOP 1.4775 (REMOVE IF NOT TRIGGERED BY CLOSE FRIDAY)

daily fx
....talking heads....
  • #148,740
  • Oct 2, 2009 7:25am Oct 2, 2009 7:25am
Quoting T.E.Lawrence
And here we go again:

http://www.boreme.com/media/yr2007/s...-explained.jpg
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