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  • #151,021
  • Oct 9, 2009 9:40am Oct 9, 2009 9:40am
Quoting Pipster888
50% retracement at 1.4695 61.8% retracement at 1.4665. . This final wave 5 push to new highs could the FINAL wave higher from the March 2009 lows. ...
Thats my plan, loading up longs as the price goes to the 61.8 retracement..
  • #151,022
  • Oct 9, 2009 9:43am Oct 9, 2009 9:43am
you still should be cautious. we could always bounce back to 4855 and above. we are not closed below purple line yet. this is just one month of many..there is no such thing as a sure thing. nothing wrong with 1% sl = 200 pips.. you can make a fortune with even this ratio..400 pip drop = 2 % its not flashy but you will still be trading in 5 yrs..
those who can, do. those who cant, talk about those who can
  • #151,023
  • Oct 9, 2009 9:47am Oct 9, 2009 9:47am
Quoting gatorinla
you still should be cautious. we could always bounce back to 4855 and above... nothing wrong with 1% sl = 200 pips.. you can make a fortune with even this ratio..400 pip drop = 2 % it not flashy but you will still be trading in 5 yrs..
I am new here, could you please explain the details of 1% and 200 pips?
Thanks
Dancing with Candlesticks
  • #151,024
  • Oct 9, 2009 9:47am Oct 9, 2009 9:47am
Quoting ptrc003
Thats my plan, loading up longs as the price goes to the 61.8 retracement..

  • #151,025
  • Oct 9, 2009 9:48am Oct 9, 2009 9:48am
Quoting IMARICH1
Ok, thanks. I closed my Short from 4711 at 4775 and was waiting for it to return for another short since it looked like it might bounce up a little. I may have closed to soon. Thanks
you will have another chance to jump on 1.4704, PA permitting in lower TF
  • #151,026
  • Oct 9, 2009 9:52am Oct 9, 2009 9:52am
Quoting gatorinla
you still should be cautious. we could always bounce back to 4855 and above. we are not closed below purple line yet. this is just one month of many..there is no such thing as a sure thing. nothing wrong with 1% sl = 200 pips.. you can make a fortune with even this ratio..400 pip drop = 2 % its not flashy but you will still be trading in 5 yrs..
4855..mm..maybe not
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  • #151,027
  • Oct 9, 2009 9:57am Oct 9, 2009 9:57am
Covered all shorts at 1.4696, not liking the action...
Getting it right is NOT as important as not getting it wrong.
  • #151,028
  • Oct 9, 2009 9:58am Oct 9, 2009 9:58am
1.47 appears to be holding for the moment. don't expect real moves until next week.
  • #151,029
  • Oct 9, 2009 10:02am Oct 9, 2009 10:02am
who's ready for a 3 day weekend?
  • #151,030
  • Oct 9, 2009 10:06am Oct 9, 2009 10:06am
Last trade of the day. Short e/u at 1.4705...TP at 1.4670....SL 1.4755
  • #151,031
  • Oct 9, 2009 10:09am Oct 9, 2009 10:09am
Quoting grashid
4855..mm..maybe not
i dont think so either.. but im not gonna let my ass write checks i cant pay.. this is one day of many. one trade of many. if trend is proven i have much time to add.. at this point its got potential but no more then a test.. where not even half way below latest range..of 4480 (4668).dont count chickens before they shit on the porch.. everything arron said about being bullish is still there. just tf may be pushed back a little maybe.. we could lose a fortune even if its reversal.. bulls aint dead.. its still early...
those who can, do. those who cant, talk about those who can
  • #151,032
  • Oct 9, 2009 10:11am Oct 9, 2009 10:11am
Atlast,

Thanks looks like I played this right so far looking for a retrace back to the support at 4711 that now became Resistance!

So I made +35 pips on the the move down from 4711 to 4675....and now looking for another LEG DOWN from 4705 where I entered SHORT!
  • #151,033
  • Oct 9, 2009 10:11am Oct 9, 2009 10:11am
Quoting gatorinla
i dont think so either.. but im not gonna let my ass write checks i cant pay.. this is one day of many. one trade of many. if trend is proven i have much time to add.. at this point its got potential but no more then a test.. where not even half way below latest range..of 4668..dont count chickens before they shit on the porch.. everything arron said about being bullish is still there. just tf may be pushed back a little maybe.. we could lose a fortune even if its reversal.. bulls aint dead.. its still early...
..fundamentally yes..and let us see what happen right?

p/s :Love your avatar anyway
  • #151,034
  • Edited 10:25am Oct 9, 2009 10:14am | Edited 10:25am
At the retracement to s1 again as seen during work in the office I developed many shorts just below s1 & waiting for few more spikes down before actual retracemnt up.tp 1.4631 again.

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #151,035
  • Oct 9, 2009 10:15am Oct 9, 2009 10:15am
US Dollar Index not helping the eurusd short made me cover...

We'll see next week, unless we get an unexpected end of the day move.

Have a great week-end traders, time for some fun.

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Getting it right is NOT as important as not getting it wrong.
  • #151,036
  • Oct 9, 2009 10:17am Oct 9, 2009 10:17am
hope everyone did great these weeks !
  • #151,037
  • Oct 9, 2009 10:18am Oct 9, 2009 10:18am
+225 Pips today....woohooo
In Charts We Trust!
  • #151,038
  • Oct 9, 2009 10:19am Oct 9, 2009 10:19am
Quoting iForex
I am new here, could you please explain the details of 1% and 200 pips?
Thanks
if you got 100k account 1% = 1k... sl should be no greater then 1k
at 5$ a pip you should be safe with 200 pip sl.. 2.5 or less is better to start out..


click search acumen and read his thread...
those who can, do. those who cant, talk about those who can
  • #151,039
  • Oct 9, 2009 10:38am Oct 9, 2009 10:38am
Quoting fxswing
US Dollar Index not helping the eurusd short made me cover...

We'll see next week, unless we get an unexpected end of the day move.

Have a great week-end traders, time for some fun.

i guess i like bigger charts.. this actually is the same one blown up..but its not positive for eu bulls.. it should be worth a usd bounce..maybe reversal. but i wasnt gonna post it till we were above the line..but a doji is nice too
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those who can, do. those who cant, talk about those who can
  • #151,040
  • Oct 9, 2009 10:45am Oct 9, 2009 10:45am
Quoting gatorinla
i guess i like bigger charts.. this actually is the same one blown up..but its not positive for eu bulls.. it should be worth a usd bounce..maybe reversal. but i wasnt gonna post it till we were above the line..but a doji is nice too
i strethed it a little but it did not hurt.
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those who can, do. those who cant, talk about those who can
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