Good morning from Boston Everyone! I hope you all are doing well. Although many people are talking about going long, I think today we'll test 1.4300 at least once - with a good possibility of breaking it.
- #174,082
- Dec 18, 2009 7:28am Dec 18, 2009 7:28am
- Joined Aug 2009 | Status: Sir Richard Culus | 3,099 Posts
- #174,087
- Dec 18, 2009 7:40am Dec 18, 2009 7:40am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #174,090
- Dec 18, 2009 7:42am Dec 18, 2009 7:42am
- | Commercial User | Joined Jul 2009 | 5,375 Posts
youre talking about if price doesnt break 1.43 before market open youre going to think longs?
Everybody likes the Dollar now
Not much of a EURO bull I'mjust a Dollar bear. If it breaks 1.43 what would happens is this, I think,
I'm going to take Short and then After reaching 1.4285 taking all SL
out, EU will go back to 1.4350 and I'm going to lose again. I'll probably just
hold cause dropping is now have been slowing down. Those Stop losses just
burning out my money both ways I'd will search any possible way to trade
without them. I just realize that if pair drop to like 1.4298 last night My
SELL would trigger then I would SL at 1.4340 then my Stop Buy at 1.4375
and stop loss at 1.4340? Run both ways and lose 100 pips or just sit still and lose nothing? This is BS!
I'll buy USDCHF instead of Stop loss, if 1.43 breaks. Period.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
- #174,091
- Dec 18, 2009 7:45am Dec 18, 2009 7:45am
- Joined Aug 2009 | Status: Sir Richard Culus | 3,099 Posts
- #174,093
- Dec 18, 2009 7:49am Dec 18, 2009 7:49am
- Joined Jun 2006 | Status: Trader | 5,709 Posts
I'm already long as My night BUY STOP triggers.. Euro is weak though
Everybody likes the Dollar now
just a Dollar bear. If it breaks 1.43 what would happens is this, I think,
I'm going to take Short and then After reaching 1.4285 taking all SL
out, EU will go back to 1.4350 and I'm going to lose again. I'll probably just
hold cause dropping is now have been slowing down. Those Stop losses just
burning out my money both ways I'd will search any possible way to trade
without them. I just realize that if...
per my rule, i'm long if it breaks 4410 or short if it breaks 4300. I thought about contra trading, but that's just my dumb side speaking. but i think today would be a range day between those numbers
- #174,094
- Dec 18, 2009 7:50am Dec 18, 2009 7:50am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Eye Exercise for Beginner....... See if it presents in your chart too and what happen when it occur in live..... where did the market went ... Just a exercise..... I am looking too.... Hope it will be helpful.
its not the pattern that is important it is where it is located..this is last post this year for me..
good luck every1 i wish u all prosperity and good health, enjoy the festive season and new year
4300 is significant. Adding a short prior to a break of this level is probably a bad idea. If the level is broken, I expect it to fall, and then retrace back up to around the 4300 area before continuing downward. It's possible we could go sideways for awhile, too....but just because 4300 is significant does not mean it will hold and that it will be a reversal point.
- #174,095
- Dec 18, 2009 7:50am Dec 18, 2009 7:50am
- Joined Aug 2009 | Status: Sir Richard Culus | 3,099 Posts
I'm already long as My night BUY STOP triggers.. Euro is weak though
Everybody likes the Dollar now
just a Dollar bear. If it breaks 1.43 what would happens is this, I think,
I'm going to take Short and then After reaching 1.4285 taking all SL
out, EU will go back to 1.4350 and I'm going to lose again. I'll probably just
hold cause dropping is now have been slowing down. Those Stop losses just
burning out my money both ways I'd will search any possible way to trade
without them. I just realize that if...
- #174,096
- Dec 18, 2009 7:54am Dec 18, 2009 7:54am
- | Commercial User | Joined Jul 2009 | 5,375 Posts
The way you win in this scenario is to take 1/2 of you position in profit once you start see the PA move against you. Move your stop on the remaining position to around BE. If PA doesn't keep moving against you, you're allowing your profit to run. If it doesn't, you've lost nothing, and are walking away with profit in your pocket.
I was talking about last night SELL STOP and BUY STOP which were running
while I wasn't even there
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
- #174,097
- Dec 18, 2009 7:55am Dec 18, 2009 7:55am
- | Joined Jun 2008 | Status: Trader | 1,017 Posts
Waiting for re-long 
- #174,098
- Dec 18, 2009 7:55am Dec 18, 2009 7:55am
- | Joined Jul 2009 | Status: Trader | 1,075 Posts
Looking this area....... as marked in chart.....
what yur looking at is meaningless what u have to do is understand why it does this..the pyscology behind the candles itself..otherwise this market will eat u alive..to many false signals
its not the pattern that is important it is where it is located..this is last post this year for me..
good luck every1 i wish u all prosperity and good health, enjoy the festive season and new year
absolutely
- #174,099
- Dec 18, 2009 7:56am Dec 18, 2009 7:56am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #174,100
- Dec 18, 2009 7:58am Dec 18, 2009 7:58am
- Joined Aug 2009 | Status: Sir Richard Culus | 3,099 Posts
Yeah, thanks, I see what you mean.
I was talking about last night SELL STOP and BUY STOP which were running
while I wasn't even there