Attachments: EURUSD

EURUSD

#159,601
Nov 6, 2009 11:15am Nov 6, 2009 11:15am

NightMoves
Joined Dec 2007 | Status: Trading the Trends | 2,584 Posts

Quoting GastonCorzo

Disliked

triple top ,, you mean give up??? or down???

Ignored

Well looking at the charts each time we have had a chart formation like this over the last week it has dropped, I am not saying it will again, because no one knows but look the charts over carefully, we are in another formation like we were just before the last drop, so Unless we get a good confirmation above 4900, I am not going place any long positions until that confirmation is completed, the daily trend still looks good but the intraday trading does not so look so healthy right now for long poisitions, anything can happen just becareful taking the longs right now...anyway that is my opinion, if it was all predictable we would be millionaires over and over again...

#159,602
Nov 6, 2009 11:17am Nov 6, 2009 11:17am

NightMoves
Joined Dec 2007 | Status: Trading the Trends | 2,584 Posts

Quoting Chicky

Disliked

Cats away mice play. Today's gains (whoever made it) are now exposed to Friday afternoon risk. I am moving my stops to BE.

Ignored

I agree, I managed 40 pips today and I am done for the day, Friday afternoons have not treated me very kind in the past....

#159,603
Nov 6, 2009 11:22am Nov 6, 2009 11:22am

fxswing
| Joined Aug 2006 | Status: Trader | 1,355 Posts

1.4826-1.4909 - Ping pong game still in progress...

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Getting it right is NOT as important as not getting it wrong.

#159,604
Nov 6, 2009 11:22am Nov 6, 2009 11:22am

NightMoves
Joined Dec 2007 | Status: Trading the Trends | 2,584 Posts

Here is a chart showing the last time we had a formation like this...becarefull

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#159,605
Nov 6, 2009 11:29am Nov 6, 2009 11:29am

X.Oden
Joined Feb 2006 | Status: Spartan Attitude | 1,500 Posts

Chicky,

Yes I do lose. I am trading a 196K account and its now at 221K, but my small account which started from $500 was neglected very badly. I left my trades open and my hedges unbalanced. Well, after closing everything, I was whacked more than 50%. That's what I get for being careless. Lucky it was a very small account. But what I'm doing now is actively trading it again alongside the large account. I also added a bit to it to help in the recovery process. I am going to be a bit more active and aggressive on my small account as I am on my large one..

I have recovered most of it and have a negative $145 left to go on it. I put in more $$ in it for a total of around $1194 but account balance is at $848 from $555 a few days ago. So I'm almost at break even. I should be able to catch up by next week or the week after.

I do have a thread labeled $500 to $1M.....it has live trade stats you can keep up with. I was down slightly over -52%, now back to -31%

Here's my baby account progression that I'm losing on with the stats above:

http://www.myfxbook.com/members/fmc0...-fearless/2571

Quoting Chicky

Disliked

Do you ever lose? or make less than a couple of hundred pips?

Ignored

In Charts We Trust!

#159,606
Nov 6, 2009 11:32am Nov 6, 2009 11:32am

X.Oden
Joined Feb 2006 | Status: Spartan Attitude | 1,500 Posts

Good trading on those....I did not place targets this morning, and honestly, I almost never trade the news, but I wanted to this morning to bring up my small account which is in the hole...I thought it was a good opportunity especially when the charts were going against market sentiment on NFP news....so I took advantage of it...

Lemme know how you do on the EJ UJ trades...I took a small profit on UJ shorts today...but nothing to brag about...

Quoting cloggie

Disliked

Same here, long on EJ and UJ, TP at the supports

Ignored

In Charts We Trust!

#159,607
Nov 6, 2009 11:44am Nov 6, 2009 11:44am

Chicky
Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts

Quoting X.Oden

Disliked

Chicky,

Yes I do lose. ...

Ignored

X.Oden,

That is not very encouraging for me. I have been studying your style for quite sometime. Most of the time, I cannot trade the way I want to because of my limited capital. Also don't want to manage OPM as it does not allow trading freely. Going back to smaller accounts seems only viable solution.

Thanks for a detailed reply.

The Thief of Wall Street

#159,608
Nov 6, 2009 11:46am Nov 6, 2009 11:46am

X.Oden
Joined Feb 2006 | Status: Spartan Attitude | 1,500 Posts

Chicky,

shoot me an email...I'll help you out....the method I trade is not the fault, its me....I let things get out of control........tried to pull a fast one on the market and got smoked....

You don't really know my style because its not public so dunno how you would know how exactly I trade....

Quoting Chicky

Disliked

X.Oden,

That is not very encouraging for me. I have been studying your style for quite sometime. Most of the time, I cannot trade the way I want to because of my limited capital. Also don't want to manage OPM as it does not allow trading freely. Going back to smaller accounts seems only viable solution.

Thanks for a detailed reply.

Ignored

In Charts We Trust!

#159,609
Nov 6, 2009 11:54am Nov 6, 2009 11:54am

sophiaphia
| Joined Jul 2009 | Status: naughty | 915 Posts

That is it for me, no more buying this pair it has proved nothing at 1.49 over and over...only shorting!

It will now go promptly to 1.5 lol

----- Dragonfly out in the sun you know what I mean, don't you know

#159,610
Nov 6, 2009 11:59am Nov 6, 2009 11:59am

Popee83
| Joined Apr 2009 | Status: Trader | 641 Posts

Cable m30:

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Fiber m30:

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A channel .. NO play ..

"I am convinced that He (God) does not play dice." - Albert Einstein

#159,611
Nov 6, 2009 12:07pm Nov 6, 2009 12:07pm

Duitman
| Joined Jun 2009 | Status: Never too late to learn | 51 Posts

Quoting X.Oden

Disliked

Made 440 pips on this sucker today buying on dips and now I'm riding the Swiss back up....only 10 pips in gain right now....

Between last night and today, I've bagged..1,268 pips over multiple pairs.....

Ignored

Congrats. I sure would like to know how you did that.......what your trading plan is. Care to share a little?

Lew

#159,612
Nov 6, 2009 12:07pm Nov 6, 2009 12:07pm

Popee83
| Joined Apr 2009 | Status: Trader | 641 Posts

Cable H4:

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Bullish

Fiber H4:

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A channel here too .. consolidation folks .. not necessarily a sell-off ..

"I am convinced that He (God) does not play dice." - Albert Einstein

#159,613
Nov 6, 2009 12:16pm Nov 6, 2009 12:16pm

BoredToLoose
Joined Apr 2007 | Status: Trader | 2,303 Posts

...closed more at 1.4828 from 1.4913.

Time to leave the rest BE.

I will give sometimes calls in my blog, keep checking regularly.

Do not be greedy, and do not try to catch tops or bottoms, there are few traders that can do that.

#159,614
Nov 6, 2009 12:24pm Nov 6, 2009 12:24pm

NightMoves
Joined Dec 2007 | Status: Trading the Trends | 2,584 Posts

Quoting X.Oden

Disliked

Made 440 pips on this sucker today buying on dips and now I'm riding the Swiss back up....only 10 pips in gain right now....

Between last night and today, I've bagged..1,268 pips over multiple pairs.....

Ignored

I am also looking for a long entry on that same pair, I need a full candle close above 7250 and I will enter long again on that pair...The pull back looked good so I am just waiting for the conformation entry...

#159,615
Nov 6, 2009 12:24pm Nov 6, 2009 12:24pm