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  • #181
  • Nov 24, 2009 2:59pm Nov 24, 2009 2:59pm
the way i observe market...

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  • #182
  • Nov 24, 2009 3:31pm Nov 24, 2009 3:31pm
took that same short on E/U. Just checked here and it looks like you were in it as well.
  • #183
  • Nov 24, 2009 3:33pm Nov 24, 2009 3:33pm
Quoting Privacy is gold
took that same short on E/U. Just checked here and it looks like you were in it as well.
yeah i was , but already market in range i don't like it...
  • #184
  • Nov 24, 2009 3:37pm Nov 24, 2009 3:37pm
i've been out of it for awhile
  • #185
  • Nov 24, 2009 5:01pm Nov 24, 2009 5:01pm
Quoting FXAdvice
the way i observe market...

Attachment
Thanks FX. I think my problem is determining true S+R but also knowing entry's and exits (and direction). It all comes with experience and looking at your charts/price action - So keep looking I will.
  • #186
  • Nov 24, 2009 5:13pm Nov 24, 2009 5:13pm
Quoting bank.it
Thanks FX. I think my problem is determining true S+R but also knowing entry's and exits (and direction). It all comes with experience and looking at your charts/price action - So keep looking I will.
thanks brother for your reply... i hope this thread will help you
  • #187
  • Nov 24, 2009 8:12pm Nov 24, 2009 8:12pm
Quoting FXAdvice
the way i observe market...

Attachment
Thanks FXAdvice. I have been trying to follow your method of basic S&R trading and this really helps.
  • #188
  • Nov 25, 2009 9:46am Nov 25, 2009 9:46am
Looking for short on E/U around 1.5100
  • #189
  • Nov 25, 2009 10:08am Nov 25, 2009 10:08am
Quoting FXAdvice
Looking for short on E/U around 1.5100
i'm looking at the same price...what your TP?
  • #190
  • Nov 25, 2009 10:27am Nov 25, 2009 10:27am
Quoting acw204
i'm looking at the same price...what your TP?
as i said before , i set 50 pips for first target , when it reach , close or BE my position, usually i open 2 position and close one of them on first target and BE remain
  • #191
  • Nov 25, 2009 1:29pm Nov 25, 2009 1:29pm
beware already they try to hunt retail traders Stop loss.
  • #192
  • Nov 25, 2009 6:03pm Nov 25, 2009 6:03pm
Hi FXadvice,
Thanks for an interesting thread.
  • #193
  • Nov 26, 2009 2:26am Nov 26, 2009 2:26am
Quoting ianf0ster
Hi FXadvice,
Thanks for an interesting thread.
your welcome mate...
  • #194
  • Nov 26, 2009 10:44am Nov 26, 2009 10:44am
Looking for long on cable around 1.6450
  • #195
  • Nov 26, 2009 11:39am Nov 26, 2009 11:39am
Quoting FXAdvice
Looking for long on cable around 1.6450
hmm me too after caughting the knife edge drop on GU this morning for some good profits. However fundamentally would prefer EU long at resistance turned support at 1.4986 which is also the 61.8% fib of the move from swing low at 1.4884 area to recent high at 1.5143 area. Infact i am already in, emergency stop below 1.4884 area target 1.5217 100% fib expansion. Take some off at test of 1.5143. So we watch and see.
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
  • #196
  • Nov 26, 2009 1:32pm Nov 26, 2009 1:32pm
Quoting okehiedon
hmm me too after caughting the knife edge drop on GU this morning for some good profits. However fundamentally would prefer EU long at resistance turned support at 1.4986 which is also the 61.8% fib of the move from swing low at 1.4884 area to recent high at 1.5143 area. Infact i am already in, emergency stop below 1.4884 area target 1.5217 100% fib expansion. Take some off at test of 1.5143. So we watch and see.
yeah maybe E/U will get some pips for you, good luck
  • #197
  • Nov 26, 2009 2:29pm Nov 26, 2009 2:29pm
Quoting FXAdvice
Looking for long on cable around 1.6450
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  • #198
  • Nov 26, 2009 5:29pm Nov 26, 2009 5:29pm
Your SL is 50 pips, right?
  • #199
  • Nov 26, 2009 7:05pm Nov 26, 2009 7:05pm
The reason for all the action was news that the highly leveraged Dubai World, a government investment company is attempting to reschedule its debt. The company is best known for its awe inspiring developments including the Palm Dubai which can be seen from space. A 50% drop in Dubai property values has the left the company in a precarious position with some US$ 59 billion in debt, US$ 12 billion of which is borrowed from Europe. The credit default swap market exploded on the news with the cost of protecting against borrowers defaulting on their loans rising to levels not seen since the dark days of the credit crisis.

Investors were left shell-shocked after a harrowing illiquid trading session saw one way traffic. Anything that is remotely associated with risk was shunned, seeing European stocks fall over 3%. The biggest casualties were the banks with massive drops accross the board. The list includes: Credit Suisse (-5%), HSBC (4.8%), Barclays (-8%), Lloyds (-5.75%) and Royal Bank of Scotland (-7.75%) The Aussie lost 200 points in the bloodbath, breaking straight through trendline support to start the day in the low 0.91's.
  • #200
  • Nov 27, 2009 2:54am Nov 27, 2009 2:54am
Hi FXadviser

When are you going through your trading method in more detail?

Regards
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