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  • #150,621
  • Oct 8, 2009 3:13pm Oct 8, 2009 3:13pm
Quoting IMARICH1
Atlast,

What do you think now about this Short on EU and GBP ready to possibly FALL?

Is PA suggesting something else?
I think it should hit the 4940 levels b4 any correction...
  • #150,622
  • Oct 8, 2009 3:22pm Oct 8, 2009 3:22pm
Extremely good read http://news.yahoo.com/s/politico/200...politico/28091
  • #150,623
  • Oct 8, 2009 3:23pm Oct 8, 2009 3:23pm
Holding half position long on this pair. if it pleases the forex gods.
Friday US session will be no econ news really, not typically a good scenario for bearish price action play.

 

  1. up!
  2. i see bears busy buying more puts again lol

----- Dragonfly out in the sun you know what I mean, don't you know
  • #150,624
  • Oct 8, 2009 3:34pm Oct 8, 2009 3:34pm
Extremely good read Extremely good read http://news.yahoo.com/s/politico/200...politico/28091
  • #150,625
  • Oct 8, 2009 3:35pm Oct 8, 2009 3:35pm
I think we should start hearing about rate increase sooner then later.
  • #150,626
  • Oct 8, 2009 3:36pm Oct 8, 2009 3:36pm
i have never made trade based on an "HS" pattern in my life and never will. Forget that mumbo jumbo and trade support and resistance!
----- Dragonfly out in the sun you know what I mean, don't you know
  • #150,627
  • Oct 8, 2009 3:41pm Oct 8, 2009 3:41pm
Have patience.....its critical in this type of situation...



Quoting CzechTrade
yea.. i think bernanke could help out the dollar which could cause a retrace down to 47, but then we ll get back up
In Charts We Trust!
  • #150,628
  • Oct 8, 2009 3:47pm Oct 8, 2009 3:47pm
Quoting X.Oden
Have patience.....its critical in this type of situation...
What do you think about the situation now, i have to say i cant figure much out now... seems like its trying to go up but you never know..
  • #150,629
  • Oct 8, 2009 3:56pm Oct 8, 2009 3:56pm
We will see a huge short covering next week. So don't try to buy at these levels. All this talk about Gold at at $1200 and USD going to loose the reserve status its all true but not going to happen overnight. Be prepared for some massive corrections in a few days
  • #150,630
  • Oct 8, 2009 4:02pm Oct 8, 2009 4:02pm
If you don't know, then you sit and wait until you do....it is also the reason you use small lot sizes in case you are wrong.

I can withstand a 10,000 pip move against my account before it blows up. How much can you withstand?


Quoting viljam
What do you think about the situation now, i have to say i cant figure much out now... seems like its trying to go up but you never know..
In Charts We Trust!
  • #150,631
  • Oct 8, 2009 4:03pm Oct 8, 2009 4:03pm
USD will not lose the reserve status....it will create global chaos....

Quoting vinesh2
We will see a huge short covering next week. So don't try to buy at these levels. All this talk about Gold at at $1200 and USD going to loose the reserve status its all true but not going to happen overnight. Be prepared for some massive corrections in a few days
In Charts We Trust!
  • #150,632
  • Oct 8, 2009 4:05pm Oct 8, 2009 4:05pm
Quoting vinesh2
We will see a huge short covering next week. So don't try to buy at these levels. All this talk about Gold at at $1200 and USD going to loose the reserve status its all true but not going to happen overnight. Be prepared for some massive corrections in a few days
at last someone that have seen this over and over again..i was in forex then (1.60 level) i am here now so when all are believe long the crash will come 1.30 is a justified price...study history , sure this cannot come very fast but will be faster than you can imagine. and something else i own physical gold all sold today and also shorted this hard.
  • #150,633
  • Oct 8, 2009 4:10pm Oct 8, 2009 4:10pm
Quoting X.Oden
USD will not lose the reserve status....it will create global chaos....
talk again in 15-20 years, you know that will happen just maybe too far from now
  • #150,634
  • Oct 8, 2009 4:11pm Oct 8, 2009 4:11pm
http://www.freesmileys.org/smileys/smiley-love008.gif 1.4799 just printedhttp://www.freesmileys.org/smileys/s...sub/rocket.jpg http://www.freesmileys.org/smileys.p...ey-love008.gifhttp://www.forexfactory.com/%5Burl=h...g%5D%5B/url%5D
----- Dragonfly out in the sun you know what I mean, don't you know
  • #150,635
  • Oct 8, 2009 4:14pm Oct 8, 2009 4:14pm
Quoting X.Oden
If you don't know, then you sit and wait until you do....it is also the reason you use small lot sizes in case you are wrong.

I can withstand a 10,000 pip move against my account before it blows up. How much can you withstand?
Well my account can stand 1500 pip movement, which is fine for me i can hold also big jumps up and down no problem, only thing i am worried is loosing pips I use yes small lot sizes but i will gain end of the day mostly round 40-70 pips which pleases me for now.

Yes i am not in now at all just looking what the market will do when asia will open just wanted to ask your opinion about it and thats it...

take it easy.
  • #150,636
  • Oct 8, 2009 4:24pm Oct 8, 2009 4:24pm
Quoting lozica
sorry, how old are you?
12 and u?
those who can, do. those who cant, talk about those who can
  • #150,637
  • Oct 8, 2009 4:25pm Oct 8, 2009 4:25pm
Quoting viljam
only thing i am worried is loosing pips
loss is natural, nobody can predict markets all based on probabilities before entry after that no own knows for sure.
  • #150,638
  • Oct 8, 2009 4:26pm Oct 8, 2009 4:26pm
Quoting X.Oden
If you don't know, then you sit and wait until you do....it is also the reason you use small lot sizes in case you are wrong.

I can withstand a 10,000 pip move against my account before it blows up. How much can you withstand?
but you wouldn't do that would you? your brain would kick in. This is like giving A+ to the posts here like: 'i started with $500, made $1500 and then being convinced on the direction lost all of it as it went against me'

They don't say 'trade with the trend', cut your losses and let your profits run for no reason.

but if you are okay with 10,000 pips go against you then you are trading on a gigantic timeframe
----- Dragonfly out in the sun you know what I mean, don't you know
  • #150,639
  • Oct 8, 2009 4:35pm Oct 8, 2009 4:35pm
I don't use stops to exit a losing position. I only use it as part of a trade that is already in progress where I can move a position to break even plus cover my spread.... or to prevent a position from going negative on me.
Neither do I place profit targets.....I do not wish to give away anything I do to the brokers

Once I place a trade, I consider it correct and manage it to profit. I perform all my trades this way.

Quoting sophiaphia
but you wouldn't do that would you? your brain would kick in. This is like giving A+ to the posts here like: 'i started with $500, made $1500 and then being convinced on the direction lost all of it as it went against me'

They don't say 'trade with the trend', cut your losses and let your profits run for no reason.

but if you are okay with 10,000 pips go against you then you are trading on a gigantic timeframe
In Charts We Trust!
  • #150,640
  • Oct 8, 2009 4:45pm Oct 8, 2009 4:45pm
Quoting X.Oden
I don't use stops to exit a losing position. I only use it as part of a trade that is already in progress where I can move a position to break even plus cover my spread.... or to prevent a position from going negative on me.
Neither do I place profit targets.....I do not wish to give away anything I do to the brokers

Once I place a trade, I consider it correct and manage it to profit. I perform all my trades this way.
Your m.o. is predicated on ample capitalization, but, of course, lack thereof is the downfall of many. And you are always hedging your positions so that your margin is maintained within certain limits, right? But, if you get caught hedging against a trend that runs & runs, you might have to hold that hedge position over a long time. What is the longest you have waited for an out-of-money trade to work out to BE or small loss?
"If The Fool persists in his Folly he will become wise." - William Blake
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