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EURUSD

  • #166,221
  • Nov 26, 2009 4:26pm Nov 26, 2009 4:26pm
Quoting micho
typical night moves some big boys drive price low a bit against trend to buy at better levels then a small bounce down breaking the low to take the stops out before jumping up to the target
i am getting bored from this, they should make a new trick... this doesnt work anymore hehehe
lol, first time I see this, I move my SL a little bit lower
  • #166,222
  • Nov 26, 2009 4:29pm Nov 26, 2009 4:29pm
Quoting Forex4pty
lol, first time I see this, I move my SL a little bit lower
stop loss is useless... just trade with the trend and forget the stop loss
just use an exit target and you will win, there is no way you can know where to play your stop loss

its either setting it too large and you will be losing more than gaining in average or you set it tight below the low or above the high and you will be losing as well in average
When life gives you lemons, make lemonade
  • #166,223
  • Nov 26, 2009 4:31pm Nov 26, 2009 4:31pm
Quoting Forex4pty
Hi Driver hows everything... I took your advice yesterday with the short from 1.514x but I chicken out nice call
I'm still in (EURUSD, USDCHF, EURJPY and EURGBP)

EURUSD short at 1,5142
USDCHF long at avg 9949
EURJPY long at avg 129,98
EURGBP short 9117
The best thing that can happen to you is to find out where you're wrong.
  • #166,224
  • Nov 26, 2009 4:33pm Nov 26, 2009 4:33pm
Quoting micho
stop loss is useless... just trade with the trend and forget the stop loss
just use an exit target and you will win, there is no way you can know where to play your stop loss

its either setting it too large and you will be losing more than gaining in average or you set it tight below the low or above the high and you will be losing as well in average
i agree with you there, it has been eratic of late and SL's get taken from every angle, i know it is said to be part of good money management but if they keep getting hit soon enough there will be no money to manage
NOTHING VENTURED, NOTHING GAINED
  • #166,225
  • Nov 26, 2009 4:33pm Nov 26, 2009 4:33pm
Quoting Driver55
I'm still in (EURUSD, USDCHF, EURJPY and EURGBP)

EURUSD short at 1,5142
USDCHF long at avg 9949
EURJPY long at avg 129,98
EURGBP short 9117
nice. congratulations
  • #166,226
  • Nov 26, 2009 4:33pm Nov 26, 2009 4:33pm
they can only manipulate the market a little bit during low volumes especially at night but there is nothing much they can do unless you use a stop loss they will hunt you down otherwise you will fuck them
When life gives you lemons, make lemonade
  • #166,227
  • Nov 26, 2009 4:35pm Nov 26, 2009 4:35pm
hi everyone

I'd go long for few pips...

I can't understand why I it is't possible for me to write posts without previous moderation ;/
  • #166,228
  • Nov 26, 2009 4:36pm Nov 26, 2009 4:36pm
Quoting franco73
i agree with you there, it has been eratic of late and SL's get taken from every angle, i know it is said to be part of good money management but if they keep getting hit soon enough there will be no money to manage
stop loss is not good money management
money management is mostly your max drawdown, your lot size, you playing with the trend at any cost, otherwise once you are against the trend you will lose for sure in average and you can wipe up your account one day

walk with the trend and fear no evil
When life gives you lemons, make lemonade
  • #166,229
  • Nov 26, 2009 4:38pm Nov 26, 2009 4:38pm
Quoting micho
stop loss is useless... just trade with the trend and forget the stop loss
just use an exit target and you will win, there is no way you can know where to play your stop loss

its either setting it too large and you will be losing more than gaining in average or you set it tight below the low or above the high and you will be losing as well in average
Your advice make some sense, and I have seen that the price always, well always on my short period of time on Forex, return to my position and finish on profit, but I prefer to use SL

Thanks.
  • #166,230
  • Nov 26, 2009 4:43pm Nov 26, 2009 4:43pm
Quoting Forex4pty
Your advice make some sense, and I have seen that the price always, well always on my short period of time on Forex, return to my position and finish on profit, but I prefer to use SL

Thanks.
stop loss is like pills that you take to cure the present pain but with time these pill will give you cancer or whatever and kill you... you dont lose your account at once you just lose it slowly
if you still dont know where to enter or when to exit then you are doomed to lose. if you use stop loss you use slowly, if you dont you lose quickly

When life gives you lemons, make lemonade
  • #166,231
  • Nov 26, 2009 4:44pm Nov 26, 2009 4:44pm
Quoting Driver55
I'm still in (EURUSD, USDCHF, EURJPY and EURGBP)

EURUSD short at 1,5142
USDCHF long at avg 9949
EURJPY long at avg 129,98
EURGBP short 9117
hello driver
just a question
ur long eur/jpy and ur short eur/usd sor ur betting on jpy ???
so u should buy usd/jpy too????
thank u
  • #166,232
  • Nov 26, 2009 4:51pm Nov 26, 2009 4:51pm
Quoting anthonykay
hello driver
just a question
ur long eur/jpy and ur short eur/usd sor ur betting on jpy ???
so u should buy usd/jpy too????
thank u

Yes... read this
http://www.forexfactory.com/showpost...postcount=2325

you can find here the mathematical relationship betwen this crosses
(and not as some little arrogant professor here, does not believe)
The best thing that can happen to you is to find out where you're wrong.
  • #166,233
  • Nov 26, 2009 4:53pm Nov 26, 2009 4:53pm
Quoting Driver55
Yes... read this

http://www.forexfactory.com/showpost...postcount=2325

thank u driver

just another question for u and for the others when a central or a federal bank interfere they buy the currency or they change the rate like they want ????
  • #166,234
  • Nov 26, 2009 4:53pm Nov 26, 2009 4:53pm
well there is a good possibility that EURGPB climbs higher... i dont think short is good now

seems like driver likes to play counter trend... i wouldn't do that ever
hope you be green!
When life gives you lemons, make lemonade
  • #166,235
  • Nov 26, 2009 4:56pm Nov 26, 2009 4:56pm
i think i know about the professor you are talking about... let me guess... ODEN? lol

he was sending me pms and challenging...
When life gives you lemons, make lemonade
  • #166,236
  • Nov 26, 2009 4:58pm Nov 26, 2009 4:58pm
Quoting micho
i think i know about the professor you are talking about... let me guess... ODEN? lol

he was sending me pms and challenging...

me too

he also wrote on my personal profile , and I did not delete it, because everyone should know what a great man he is
The best thing that can happen to you is to find out where you're wrong.
  • #166,237
  • Nov 26, 2009 5:00pm Nov 26, 2009 5:00pm
Quoting Driver55
me too
he is trying to prove himself by challenging others without any logic
When life gives you lemons, make lemonade
  • #166,238
  • Nov 26, 2009 5:04pm Nov 26, 2009 5:04pm
its good to keep some jokes on the profile we need a laugh
When life gives you lemons, make lemonade
  • #166,239
  • Nov 26, 2009 5:05pm Nov 26, 2009 5:05pm
its incredible what math can do
When life gives you lemons, make lemonade
  • #166,240
  • Nov 26, 2009 5:07pm Nov 26, 2009 5:07pm
this one is hilarious i saw it few years ago and i still laugh
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When life gives you lemons, make lemonade
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