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  • #152,381
  • Oct 14, 2009 4:28pm Oct 14, 2009 4:28pm
Quoting Chicky
...

It all depends how one defines a profitable and a losing trade. A profitable trade is the one that gives predetermined profit on hitting TP, and a losing trade is the one that gives you predetermined loss on hitting SL. The only thing in between is Paradox, fear, greed, indecision, lack of confidence, confusion, .................etc.

I am sure Realjumber as a skydiver will tell you to thoroughly check your equipment before jumping out and then enjoy a fearless dive.
Perfectly stated as someone who is currently trying to get Above Even.

{Perhaps not you but it came at me in the same vien}

Each Trade should be treated as an Entity unto itself.
Whilst Long, Always consider if you would rather be Short & Vise Versa.

It's Your Money & that may require Working for it.
  • #152,382
  • Oct 14, 2009 4:28pm Oct 14, 2009 4:28pm
Quoting Chicky
But maybe not:

cut ur losses = before they turn to profits
let ur winner run = until they turn into losers

Welcome to the world of Paradox.

It all depends how one defines a profitable and a losing trade. A profitable trade is the one that gives predetermined profit on hitting TP, and a losing trade is the one that gives you predetermined loss on hitting SL. The only thing in between is Paradox, fear, greed, indecision, lack of confidence, confusion, .................etc.

I am sure Realjumber as a skydiver will tell you to thoroughly check...
a losser can be a winner if you take your loss and re-enter your original direction after the counter move tires.. more green covers up red.. riding a red trade till it tires hurts... the trade dont matter its your account growing that does.. cut your finger nails before they pull you in..you can always re-enter hopefully at a better price. you may still be wrong, but at least its cheaper..
those who can, do. those who cant, talk about those who can
  • #152,383
  • Oct 14, 2009 4:28pm Oct 14, 2009 4:28pm
Quoting X.Oden
What's actually making the price of EUR go up? Its going to really hurt their economy....

EURGBP already failed...

Euro is multinational currency so strong euro is a policy as long as inflation is below certain limit. While dollar shall remain weak for some extended period to cover US economy while reducing the weight on US debt. I just believe this is a smart US Policy, we just don't know what is their play behind all of this or if there is some big time conspiration in progress. But one thing for sure when the monetary crisis hit again, any dollar bears will cry to find a way for exit which there is none. The only reason of market move right now is because big boys killing other big boys who are already in big loss.
  • #152,384
  • Oct 14, 2009 4:34pm Oct 14, 2009 4:34pm
looking at price action alone on the daily i don't see any real resistance until 1.53.
  • #152,385
  • Oct 14, 2009 4:45pm Oct 14, 2009 4:45pm
Quoting sed34
looking at price action alone on the daily i don't see any real resistance until 1.53.

SM will do whatever they want regardless of resitance or support or any kind of news...
The Market pays you to be disciplined
  • #152,386
  • Oct 14, 2009 5:45pm Oct 14, 2009 5:45pm
Quoting fxmechanic
closed swing long for 30 pips but took my sweet short at 1.4836 for 10 pips and then the next sweet short at 1.4862 for 12 pips. Not bad for $1030 in a day
Waiting for eithee 1.4889/93 resistence to short for 20 pips and/or the next resistence at 1.4915/20.
easy $

as planned for yesterday. i got 12 pips from the 1.4893 level for $240 and 20 pips from the 1.4920 level for $600.

waiting now for the 1.4980/83 levels to short for minimum 20 pips or more
  • #152,387
  • Oct 14, 2009 5:50pm Oct 14, 2009 5:50pm
Quoting fxmechanic
as planned for yesterday. i got 12 pips from the 1.4893 level for $240 and 20 pips from the 1.4920 level for $600.

waiting now for the 1.4980/83 levels to short for minimum 20 pips or more
That sounds like you're doing pretty good. Nice job!
  • #152,388
  • Oct 14, 2009 5:50pm Oct 14, 2009 5:50pm
I haven't heard his helicopter for a long time.
  • #152,389
  • Oct 14, 2009 5:53pm Oct 14, 2009 5:53pm
Quoting bebop
That sounds like you're doing pretty good. Nice job!

with help of course . Thanks
  • #152,390
  • Oct 14, 2009 6:09pm Oct 14, 2009 6:09pm
Quoting sed34
looking at price action alone on the daily i don't see any real resistance until 1.53.
look back further - 1.50 was strong resistence on its way to 1.60 in 2007
BTC Return This Year: na
  • #152,391
  • Oct 14, 2009 6:24pm Oct 14, 2009 6:24pm
Quoting M.A.C.Doug
look back further - 1.50 was strong resistence on its way to 1.60 in 2007
Maybe it was trying not to surrender its virginity back then.

1.7000 is new virgin.
The Thief of Wall Street
  • #152,392
  • Oct 14, 2009 6:34pm Oct 14, 2009 6:34pm
Think less trade more
  • #152,393
  • Oct 14, 2009 6:39pm Oct 14, 2009 6:39pm
Quoting Chicky
Maybe it was trying not to surrender its virginity back then.

1.7000 is new virgin.
These are some of the thoughts that now begin to creep into the mind as we reach these higher levels. Trade accordingly as we go.
  • #152,394
  • Oct 14, 2009 6:39pm Oct 14, 2009 6:39pm
Quoting Larseg
Think less trade more
I suspect you're referring to the flow...
  • #152,395
  • Oct 14, 2009 6:40pm Oct 14, 2009 6:40pm
Quoting Larseg
Think less trade more
Are you a Warburger sir?
  • #152,396
  • Oct 14, 2009 6:49pm Oct 14, 2009 6:49pm
Quoting 2+2=4ex
These are some of the thoughts that now begin to creep into the mind as we reach these higher levels. Trade accordingly as we go.
You are right. The best way to trade.
The Thief of Wall Street
  • #152,397
  • Oct 14, 2009 6:53pm Oct 14, 2009 6:53pm
Quoting 2+2=4ex
These are some of the thoughts that now begin to creep into the mind as we reach these higher levels. Trade accordingly as we go.
but is now a good time to go long???? How much of a TSL should I post to ride this mofo out? I don't understand the euro (serious).

The euro was FOR SURE going to hit 1.50 when it was at 1.40, the exact same way that the DOW was going to hit 10k, REGARDLESS of what is fundamentally happening in the market.

I think it's better to just not understand why, but know that it is - - - and jump on board!
Many choose unhappiness over uncertainty.
  • #152,398
  • Oct 14, 2009 6:54pm Oct 14, 2009 6:54pm
Yes the flow...


Yes a Warburger as in the beer?


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  • #152,399
  • Oct 14, 2009 6:54pm Oct 14, 2009 6:54pm
I am sticking to it, because of this.http://www.forexfactory.com/showpost...&postcount=154
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The Thief of Wall Street
  • #152,400
  • Oct 14, 2009 7:00pm Oct 14, 2009 7:00pm
Quoting Larseg
Yes the flow...


Yes a Warburger as in the beer?


hmmmmmmmmmm.....
Many choose unhappiness over uncertainty.
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