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  • #168,421
  • Dec 4, 2009 12:31am Dec 4, 2009 12:31am
Hello and this is my first post!

I went short playing with a 5 pip SL on the descending consolidating triangle (tendency to break out the direction they were entered.) at 1.5058 for 0.5 lots. Took profit at 1.5045 on 0.3 lots. Letting the last .2 lots ride with a SL to break even. I've been reading that the NFP is expected to come in negative = bearish on fiber. I am hoping I don't get knocked out tonight and get to ride the NFP train tomorrow morning! Would love to see the 0.2 lots ride down to 00! (which is my TP2.) I printed a 1 minute charge to show breakout. I know 5 minutes is too unstable but the market is so dead! I normally trade 1 hour time frames. At least this trade worked out for now. (ooops, just got stopped out on the last 0.2 lots!)

I'm definitely a beginner but I have learned a lot from reading your (everyone) posts. I find the most valuable advice is regarding trading psychology and discipline. Lord knows I need to stop going full tilt after a losing trade!

Cheers
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  • #168,422
  • Dec 4, 2009 12:31am Dec 4, 2009 12:31am
Quoting 2+2=4ex
I have him and 911 on speed dial.
Why 911? The NFP figure would be compiled after Tokyo close.
The Thief of Wall Street
  • #168,423
  • Dec 4, 2009 12:33am Dec 4, 2009 12:33am
Quoting Chicky
Why 911? The NFP figure would be compiled after Tokyo close.
In case of heart attack.
  • #168,424
  • Dec 4, 2009 12:35am Dec 4, 2009 12:35am
Quoting 2+2=4ex
In case of heart attack.
I am sure he can call them for himself.
The Thief of Wall Street
  • #168,425
  • Dec 4, 2009 12:43am Dec 4, 2009 12:43am
well, for now I'm out
The best thing that can happen to you is to find out where you're wrong.
  • #168,426
  • Dec 4, 2009 12:45am Dec 4, 2009 12:45am
just took short at .5170....don't ask me why ???? tight stop loss though
  • #168,427
  • Dec 4, 2009 12:50am Dec 4, 2009 12:50am
Quoting 2+2=4ex
just took short at .5170....don't ask me why ???? tight stop loss though

dont you just hate that.

You flip a coin and it happens to land on the edge!!!

  • #168,428
  • Dec 4, 2009 12:50am Dec 4, 2009 12:50am
Quoting 2+2=4ex
just took short at .5170....don't ask me why ???? tight stop loss though
Do you mean 1.5070, and not 1.5170?
Good Trading. (keep it simple).
  • #168,429
  • Dec 4, 2009 12:51am Dec 4, 2009 12:51am
Quoting stantony1
Hello and this is my first post!

I've been reading that the NFP is expected to come in negative = bearish on fiber.

that's why I'm expecting the opposite
  • #168,430
  • Dec 4, 2009 12:56am Dec 4, 2009 12:56am
Quoting Driver55
well, for now I'm out
Later Driver.
The Thief of Wall Street
  • #168,431
  • Dec 4, 2009 1:04am Dec 4, 2009 1:04am
Quoting 2+2=4ex
just took short at .5170....don't ask me why ???? tight stop loss though
short here for few pips scalping but fail , a bull set up. may go to 1.5082 & further bull may waiting there .very slow in posting things ,already bull started without few pips .

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #168,432
  • Dec 4, 2009 1:10am Dec 4, 2009 1:10am
Short here at 1.5072

Like the dude up top mentioned 082 looks interesting though.
We get above that and we'll probably shoot on up.
Stoploss at 085
  • #168,433
  • Dec 4, 2009 1:12am Dec 4, 2009 1:12am
Quoting Zaatar
My friend this is technically wrong!
You should not take long just bellow the daily Resistance (1.5091)
Both GBP/USD and EUR/USD are heading towards north according to the
4 hours chart and daily chart and also according to the technical trend line.
You are safe while going long on EUR/USD I personaly think it can go uptp
151.40 but to be safer side put stop loss order atleast 40 points below at south and as you move up towards the target move your stop loss order
accordingly.If it moves 25 points up You can move 20 points stop loss order ahead till you acquire your target.
  • #168,434
  • Dec 4, 2009 1:22am Dec 4, 2009 1:22am
I'm still short, but have no idea what's going to happend, it looks like bull run,

but it's too obvious, and candle an hour ago is too long on a small volume, so it doesn't change anything...

waiting
  • #168,435
  • Dec 4, 2009 1:35am Dec 4, 2009 1:35am
Quoting Jym
Short here at 1.5072

Like the dude up top mentioned 082 looks interesting though.
We get above that and we'll probably shoot on up.
Stoploss at 085
moved stoploss to 092
  • #168,436
  • Dec 4, 2009 1:35am Dec 4, 2009 1:35am
Quoting Jasper
... at 1.5056, off the 5 min chart, I will close it out should I get a 5 min bar close below 1.5041.
Doing well so far, just hit one of my targets at 1.5083.
Good Trading. (keep it simple).
  • #168,437
  • Dec 4, 2009 1:37am Dec 4, 2009 1:37am
Want to know NFP figure before its release?

Try this:


















http://www.forexfactory.com/attachme...8, 2009 3:15am
The Thief of Wall Street
  • #168,438
  • Dec 4, 2009 1:41am Dec 4, 2009 1:41am
Quote
I'm still short, but have no idea what's going to happend, it looks like bull run,

but it's too obvious, and candle an hour ago is too long on a small volume, so it doesn't change anything...

waiting

Mate, i need to know how did you determine that last hour long candle was on a "small volume"..

Is it through oscillator/momentum you are able to determine small volume?
  • #168,439
  • Dec 4, 2009 1:42am Dec 4, 2009 1:42am
Bulls on parade! Time to take out short-SL and blow the roof!
  • #168,440
  • Dec 4, 2009 1:42am Dec 4, 2009 1:42am
Quoting Chicky
Want to know NFP figure before its release?

Try this:
Looks about right Chicky!! Hows things going for you? I haven't seen anything that suits my style with this pair for a few days now. There's been a couple of nice runs on the Aussie, Kiwi and GPB, but there's nothing at all anywhere just now.....for me anyway.

I get the feeling that the year is drawing to a close for me, but you never know.....
Doing what you like is Freedom. Liking what you do is Happiness.
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