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  • #154,201
  • Oct 20, 2009 9:27am Oct 20, 2009 9:27am
Quoting viljam
Well i had that kind of dream today about seeing EURO collapsing and i got rich According to this dream target shoudl be 1.49 for today

All my candles are telling me that this thing is coming down but there is lot of news today coming so .. also euro is over bought it has been since 1.49 already how long you think it will stay like this ?

Ah i dont know i just stay out today i gues i will watch the news maybe there can be some trades done but not sure....

Anyway´s i took your advice in the morning and staying out for some time to see...
My English is Bad... Sorry Mi Español es Bueno
  • #154,202
  • Oct 20, 2009 9:31am Oct 20, 2009 9:31am
Quoting SpanishPip
Indeeedddd...
  • #154,203
  • Oct 20, 2009 9:33am Oct 20, 2009 9:33am
Quoting ledobedo
let the dollar bashing continue after this news excitement comes to an end
Is there any news this time ? I usually not see the calender theses days . Now not seen any yet. May be after 30 min one US "
FOMC Member Warsh Speaks"
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #154,204
  • Oct 20, 2009 9:34am Oct 20, 2009 9:34am
Quoting viljam
Indeeedddd...
Sometimes dreams are fulfilled
My English is Bad... Sorry Mi Español es Bueno
  • #154,205
  • Oct 20, 2009 9:39am Oct 20, 2009 9:39am
This move down doesn't convince me that it will go further.
Thought this could be it to short and yes there where a lot of pips to be made, but my plan wasn't telling me go go go so I waited.
Looks like a no trade day for me.
This said I will leave it for today.

Good luck everyone and cu tomorrow.
The Cat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #154,206
  • Oct 20, 2009 9:41am Oct 20, 2009 9:41am
Wash & Rinse i guess.
Traders are smartasses
  • #154,207
  • Oct 20, 2009 9:49am Oct 20, 2009 9:49am
It was a nice little windup, now hopefully the daily pivot will get knocked into next week.
  • #154,208
  • Oct 20, 2009 9:51am Oct 20, 2009 9:51am
Quoting viljam
noo i am not loosing it just as i sad earlier i am loosing my profits not my trading balance and i am trading with small slots not big trader...
If your losses on any one day causes you stress, your trading at levels that are too high. In fact, if losses of 2 or 3 days in a row cause you stress, your lot size is to big. If you want to trade forex long term, you must reduce your lot size to a very small proption of your account. Over the long term, neither your account or your body can handle the stress of over-sizing your position. Now, if you want to gamble for 3 months and see what happens, then ramp up your lot size and go for it! But I can guaranty you your account will have wild swings and you won't get much sleep.
  • #154,209
  • Oct 20, 2009 9:55am Oct 20, 2009 9:55am
Why on earth didn't I just long Ucad 5days ago, I'd be done for the month if I did.
  • #154,210
  • Oct 20, 2009 9:55am Oct 20, 2009 9:55am
Quoting Trading Cat
This move down doesn't convince me that it will go further.
Thought this could be it to short and yes there where a lot of pips to be made, but my plan wasn't telling me go go go so I waited.
Looks like a no trade day for me.
This said I will leave it for today.

Good luck everyone and cu tomorrow.
The Cat
take care buddy
  • #154,211
  • Oct 20, 2009 10:10am Oct 20, 2009 10:10am
Bearish!

 

  1. DX is looking good after: fourteen month low Oct 19th 2009. It is going up for now. Now 1.493 again for this pair, Bear tries again.
  2. This pair is no longer in up-channel from H1 Oct 16 chart. New channel down (created yesterday/today US sessions).
  3. 4930 is an incredibly sturdy line - i am cautious there.

----- Dragonfly out in the sun you know what I mean, don't you know
  • #154,212
  • Oct 20, 2009 10:11am Oct 20, 2009 10:11am
Quoting atmokupe
i'm totally with u man.. i'v been waiting all morning for this break. but whats ur guess on the break point?
Well we are half way to the profit target now...it's time to move stop to lock in some profits but not soo much that we are stopped, and it afterwards continues down.
__________________
  • #154,213
  • Oct 20, 2009 10:22am Oct 20, 2009 10:22am
Quoting SerpentDove
I wonder if stretching this 4hr bar to 1.48 is asking too much...
the min that we will draw until 12:00 am NY Time ..
will be the new support
The best thing that can happen to you is to find out where you're wrong.
  • #154,214
  • Oct 20, 2009 10:25am Oct 20, 2009 10:25am
I meant to add to my post::: this is why i like 495 area for short as it is the bottom of the H1 oldupchannel yesterday. The tape will tell for sure
----- Dragonfly out in the sun you know what I mean, don't you know
  • #154,215
  • Oct 20, 2009 10:28am Oct 20, 2009 10:28am
M1 chart again , bear continuation but d top & d bottom just at the level of midline of the channel . Other indicators all in bear favour . Lets see what will the result .No trade s open but only things to see if can pierce through the pivot .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #154,216
  • Oct 20, 2009 10:30am Oct 20, 2009 10:30am
Quoting FX-Petra
If your losses on any one day causes you stress, your trading at levels that are too high. In fact, if losses of 2 or 3 days in a row cause you stress, your lot size is to big. If you want to trade forex long term, you must reduce your lot size to a very small proption of your account. Over the long term, neither your account or your body can handle the stress of over-sizing your position. Now, if you want to gamble for 3 months and see what happens, then ramp up your lot size and go for it! But I can guaranty you your account will have wild swings...
I think this is great advice, and anyone just starting out should really consider what he said. I made a killing early last year and blew it when the dollar tanked because of poor money management. The stress was overwhelming. Now I make small trades that I don't mind leaving open, but I scalp with somewhat larger sizes.

Currently I'm short EUR, but I opened the trade two days ago and have been down over 100 pips with little concern. I scalp trades on big moves up and still make money while I'm waiting for market to come down. Right now I'm expecting a short term bounce up before market continues down.
Good trading.
  • #154,217
  • Oct 20, 2009 10:37am Oct 20, 2009 10:37am
hmmm anyone gonna add longs?
  • #154,218
  • Oct 20, 2009 10:38am Oct 20, 2009 10:38am
fontu, what pivot? it is already trying to punch past 1.49 I can't see your chart has that number (not zoomable). You love being short why are u not short yet
----- Dragonfly out in the sun you know what I mean, don't you know
  • #154,219
  • Oct 20, 2009 10:39am Oct 20, 2009 10:39am
Quoting trading801
hmmm anyone gonna add longs?
at .4722.

m
  • #154,220
  • Oct 20, 2009 10:39am Oct 20, 2009 10:39am
Quoting trading801
hmmm anyone gonna add longs?
May some like me but I am short now big lots from the pivot to S1 tp.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
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