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  • #168,661
  • Dec 4, 2009 9:54am Dec 4, 2009 9:54am
Man, if you look back at the posts from 11/3, 11/20, and 11/27, they are almost identical to today. Same predictions.... the trend is over.... don't dare go long. Look, maybe the trend will reverse. Maybe this is it. If and when we get a daily close below the last swing low of 4625, we would have to seriously consider trend change. I don't know if that will happen, and neither does anyone else on this board. To the left is history, to the right is mystery... that is true of any price chart. Yes, I have placed bets for long...but I may be wrong. THERE IS NO WAY TO KNOW! All of these predictions and I told you so's aren't worth a bucket of spit. PA will lead the way!

Regards,
  • #168,662
  • Dec 4, 2009 9:54am Dec 4, 2009 9:54am
Quoting cloggie
If you read the last few pages, there are several of us adding to longs. You want me to cut and paste the posts for you? Or are you comfortable with navigating forums? Just checking
Cost averaging down? Been there, done that.
Si vis pacem, para bellum.
  • #168,663
  • Dec 4, 2009 9:56am Dec 4, 2009 9:56am
Quoting Allanuk
Is there anybody buying this to go back up ? I`m curious as to what stop loss you gonna be putting on this.
50-60 pips stops on longs for an opportunity to milk a new high before xmas...

Will start building position below 1.4886 down to 1.4831, then once position will be loaded stops will be below 1.4800.

That's the plan, now let's see the execution...

USD/CHF above 1.0176 will be first alert of possible failure, and above 1.0223 the trade would be invalidated...
Getting it right is NOT as important as not getting it wrong.
  • #168,664
  • Dec 4, 2009 9:56am Dec 4, 2009 9:56am
Quoting Duce
Cost averaging down? Been there, done that.
No, I trade longer TF's. The daily is testing the bottom TL for the umptienth time and for me that is a good time to add to my longs. If I were a scalper I would agree with you.
  • #168,665
  • Dec 4, 2009 9:57am Dec 4, 2009 9:57am
it's always the same in this thread.
whenever they see countertrend operations,then begins "the bests", "the wisest" , the "market experts" with usual phrases "trend is you friend", "is crazy" and so on.
When one of these will prove to me they can stay on the market and be able to live with her earnings, for at least 2 years, then I begin to take him seriously into consideration.
The best thing that can happen to you is to find out where you're wrong.
  • #168,666
  • Dec 4, 2009 9:58am Dec 4, 2009 9:58am
Quoting Duce
Cost averaging down? Been there, done that.

Duce are you trading E/J today as well?
  • #168,667
  • Dec 4, 2009 9:58am Dec 4, 2009 9:58am
Quoting Driver55
it's always the same in this thread.
whenever they see countertrend operations,then begins "the bests", "the wisest" , the "market experts" with usual phrases "trend is you friend", "is crazy" and so on.
When one of these will prove to me they can stay on the market and be able to live with her earnings, for at least 2 years, then I begin to take seriously into consideration.

I totally agree with you, for every buyer there has to be a seller, and for every opinion there will be someone to counteract that. At least some of us have the balls to put the reasoning behind our trades, you included.
  • #168,668
  • Dec 4, 2009 10:00am Dec 4, 2009 10:00am
You guys must open your eyes and your heart.

I am serious saying for all trenders to be aware, wait low levels to LONG.

I tell no more, Do whatever you guys want, I wish you luck.

My predictions talk for myself, I am sorry about those who do not want to accept that.
  • #168,669
  • Dec 4, 2009 10:01am Dec 4, 2009 10:01am
Quoting BoredToLoose
....DIE!!

If we cross 1.4822/33 area today or next Monday say good bye to your account.
Come on, most traders should be able to handle at least a 2000-3000 pip loss in their account before it's gone. Oh, maybe I should say GOOD traders lol
  • #168,670
  • Dec 4, 2009 10:02am Dec 4, 2009 10:02am
Quoting Allanuk
Hi many thanks for the reply as to this is what i asked...what where your stops losses for your longs.....I`m not in any trade now i took my profit on s2, i`m not keen on holding positions over weekend and all that but good luck with your trade and thanks for taking the time to reply
I used to day trade, however I discovered it to be too stressful. Since March I have been holding positions for 5 to 7 days on average and trading with the long term trends. Obviously you need to adjust your MM to tolerate draw downs on news days like today. However if you think about it major trends only reverse once or twice a year. Even if I get stopped out once or twice a year, it’s only a small portion of the profit I take the rest of the year. I don’t buy fancy reports or use any complex strategies. No fancy indicators other than basic fibo and trend plotter to indicate best entry/exit.
  • #168,671
  • Dec 4, 2009 10:03am Dec 4, 2009 10:03am
You guys go ahead and build on your longs and I'll continue to pickup the pips behind you on the way down. I'll follow you on the way up too though
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  • #168,672
  • Dec 4, 2009 10:04am Dec 4, 2009 10:04am
knock knock knock - Opportunity knocking...

Started loading longs at 1.4886 as planned.
Getting it right is NOT as important as not getting it wrong.
  • #168,673
  • Dec 4, 2009 10:04am Dec 4, 2009 10:04am
Quoting cloggie
No, I trade longer TF's. The daily is testing the bottom TL for the umptienth time and for me that is a good time to add to my longs. If I were a scalper I would agree with you.
i trade off the 4 hour candles its the only way i seem to make a profit to pay the bills, before the NFP i was in a long position but on the close of the 4 hour at 11am uk it it looked dodgy as buying was happening and the price was not moving up so i closed and went short and well guess luck played down on me for the profit i got out of it, but i think no matter what the payroll was gonna be there was gonna be a big sell today so i think you right buying times if this is how you trade friend its just not how i trade and i was curious to see what your stops would be over weekend and stuff thats all no offence in my early post .....good trading to all
  • #168,674
  • Dec 4, 2009 10:04am Dec 4, 2009 10:04am
4865 could be nice for a little pull back i have pocketed over +120 pips today and seen santa claus - details on my blog as always for everybody
  • #168,675
  • Dec 4, 2009 10:05am Dec 4, 2009 10:05am
Quoting Mr J
... I'd just taken the trade. The trend can always move further than I imagine, so I don't try to predict turning points. When it turns, then my bias will shift. For now, this is just a dip until proven otherwise.
Is another 100 pips down enough for you to be proven otherwise?

You buy it .. I target 1.4850 with my shorts for now. If that daily TL is broken then say bye bye to EU uptrend. For now H1 candle closed below it.

Daily PA show Bear pressure starting to show up.
Discipline + Patience - Fear - Greed = Success
  • #168,676
  • Dec 4, 2009 10:05am Dec 4, 2009 10:05am
Quoting GulfCoastPip
You guys go ahead and build on your longs and I'll continue to pickup the pips behind you on the way down. I'll follow you on the way up too though

nice!


Now might be a good time to go long for a scalp imho....
  • #168,677
  • Dec 4, 2009 10:05am Dec 4, 2009 10:05am
Quoting Protogenos
Come on, most traders should be able to handle at least a 2000-3000 pip loss in their account before it's gone. Oh, maybe I should say GOOD traders lol


See my blog and calls, and see the SL I give to them. 2000 pips, no way!!

I have my long term trades open, shorts 1.5088/1.5140 area with 1000 pip SL, do you want to know my targets, better not tell you, I can scare you.
  • #168,678
  • Dec 4, 2009 10:07am Dec 4, 2009 10:07am
Quoting BoredToLoose
You guys must open your eyes and your heart.

I am serious saying for all trenders to be aware, wait low levels to LONG.

I tell no more, Do whatever you guys want, I wish you luck.

My predictions talk for myself, I am sorry about those who do not want to accept that.
You are here to warn all trenders ?? ... I saw you just only advertise your blog
The best thing that can happen to you is to find out where you're wrong.
  • #168,679
  • Dec 4, 2009 10:08am Dec 4, 2009 10:08am
Quoting BoredToLoose
You guys must open your eyes and your heart.

I am serious saying for all trenders to be aware, wait low levels to LONG.

I tell no more, Do whatever you guys want, I wish you luck.

My predictions talk for myself, I am sorry about those who do not want to accept that.
Check you psychological state, you're just losing it

Stop doing like if you know what will happen NOBODY knows...

Put your money where your mouth is... if you think this will tank get a short position call it and take our money
Getting it right is NOT as important as not getting it wrong.
  • #168,680
  • Dec 4, 2009 10:09am Dec 4, 2009 10:09am
Quoting mfoste1
Duce are you trading E/J today as well?
Nope. I closed two scalps today (each 40+ pips). One in EURUSD short and a long USDCAD. I'm out of the market right now. If it were not Friday, I would consider a EURUSD long. But I gots no balls.
Si vis pacem, para bellum.
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