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  • #183,021
  • Jan 20, 2010 7:15pm Jan 20, 2010 7:15pm
Quoting Rednose
Should be on holding pattern but itīs too late now Iīm short and holding on it..
Time will tell..and this time he speaks chinese..
I've got my finger on the trigger, but I see holding your short as a good move if you can stand any temporary drawdown.....imo!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #183,022
  • Jan 20, 2010 7:16pm Jan 20, 2010 7:16pm
Quoting sequel
Hi Guys i have a simple question..Very simple..Im brasilian and just begining accessing this forum, by the way the best source ever for forex..Helping me a lot to set my mind on whats going on about so difficult decisions all of us have to take...
Its a veeeeery simple question, i probably know what it is, but not by its abbreviation....
What does it mean this "BE" that rules the stop levels placing? And PA ???
Too basic for natives, quite hard for foreigns...
Its intricating me ..Please help.... Any questions about Brasil economy are welcome,...
break even
  • #183,023
  • Jan 20, 2010 7:16pm Jan 20, 2010 7:16pm
Quoting realjumper
I've got my finger on the trigger, but I see holding your short as a good move if you can stand any temporary drawdown.....imo!
It depends how big the DD will be...
  • #183,024
  • Jan 20, 2010 7:17pm Jan 20, 2010 7:17pm
Quoting realjumper
Yeah me too. The news coming from China in about 55 minutes might kick this thing into some sort of action......
How does CNY news will affect EUR?
The market will deceive you. Make your own judgement.
  • #183,025
  • Jan 20, 2010 7:19pm Jan 20, 2010 7:19pm
Authorities have set the target for the credit supply in China in 2010 at roughly 7.5 trillion yuan ($1.1 trillion), said Liu Mingkang, chairman of the China Banking Regulatory Commission. Speaking at the Asian Financial Forum in Hong Kong on Wednesday, Liu said regulatory authorities would continue to control the pace and amount of credit supply this year. "Though the first few days of January this year witnessed a relatively strong and quick lending momentum, that is because of the lagging effect of last year's credit buildup," he said. "Such trend will definitely be eased as the effective demand is satisfied,"
  • #183,026
  • Jan 20, 2010 7:20pm Jan 20, 2010 7:20pm
Quoting ninjafx
How does CNY news will affect EUR?
Not sure about the EUR, but it ought to have an effect on the USD
Doing what you like is Freedom. Liking what you do is Happiness.
  • #183,027
  • Jan 20, 2010 7:21pm Jan 20, 2010 7:21pm
Quoting sequel
Hi Guys i have a simple question..Very simple..Im brasilian and just begining accessing this forum, by the way the best source ever for forex..Helping me a lot to set my mind on whats going on about so difficult decisions all of us have to take...
Its a veeeeery simple question, i probably know what it is, but not by its abbreviation....
What does it mean this "BE" that rules the stop levels placing? And PA ???
Too basic for natives, quite hard for foreigns...
Its intricating me ..Please help.... Any questions about Brasil economy are welcome,...
BE is Break Even which means moving stops to remove risk off the table or where there is zero result if the trade stops out.

PA is Price Action (correct me if I am wrong) which is movement of the currency pair
  • #183,028
  • Jan 20, 2010 7:21pm Jan 20, 2010 7:21pm
  • #183,029
  • Jan 20, 2010 7:22pm Jan 20, 2010 7:22pm
Hey Buddy, Life's good.
Is that a noodle I see? A wet one no less...
Attached Image (click to enlarge)
Click to Enlarge Name: bmc eurusd daily 9.gif Size: 27 KB

Just one scenario.
  • #183,030
  • Jan 20, 2010 7:28pm Jan 20, 2010 7:28pm
Quoting Bemac
Hey Buddy, Life's good.
Is that a noodle I see? A wet one no less...
....
Just one scenario.
....hmmm...yep!

a very wet one...
  • #183,031
  • Jan 20, 2010 7:30pm Jan 20, 2010 7:30pm
30 min...Hold on!

I believe Jay Walker would say: hold your F...pip...hats!
  • #183,032
  • Jan 20, 2010 7:33pm Jan 20, 2010 7:33pm
Quoting Rednose
What's that for queridoooo????
  • #183,033
  • Jan 20, 2010 7:38pm Jan 20, 2010 7:38pm
Here comes the Volitility to shake the Unsure Out.
This should have been expected.
  • #183,034
  • Jan 20, 2010 7:40pm Jan 20, 2010 7:40pm
Quoting maurofx
What's that for queridoooo????
Never mind bro.
  • #183,035
  • Jan 20, 2010 7:42pm Jan 20, 2010 7:42pm
Quoting Bemac
Here comes the Volitility to shake the Unsure Out.
This should have been expected.
The best confirmation one could have...lock them up and then hunt their stops...whatīs wrong with a little more profit right?
  • #183,036
  • Jan 20, 2010 7:45pm Jan 20, 2010 7:45pm
Quoting Bemac
Here comes the Volitility to shake the Unsure Out.
This should have been expected.
China leaks.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #183,037
  • Jan 20, 2010 7:45pm Jan 20, 2010 7:45pm
Quoting Rednose
The best confirmation one could have...lock them up and then hunt their stops...whatīs wrong with a little more profit right?

Thank you for your pips longs
  • #183,038
  • Jan 20, 2010 7:45pm Jan 20, 2010 7:45pm
Quoting stantony1
BE is Break Even which means moving stops to remove risk off the table or where there is zero result if the trade stops out.

PA is Price Action (correct me if I am wrong) which is movement of the currency pair

Cool !!!! So as i checked round here, some guys end setting same figures for TP and SL, risk/reward even.. Is this mostly a scalp setting or kinda general rule for money management???

Cheeerrs
Eduardo
  • #183,039
  • Jan 20, 2010 7:46pm Jan 20, 2010 7:46pm
Quoting uraceulose
I've been following your blog man. Congrats!

DZ
thats great thanks
  • #183,040
  • Jan 20, 2010 7:48pm Jan 20, 2010 7:48pm
Quoting enterfx
Thank you for your pips longs
Not sure I understand this.

Are You Long or do You think Rednose is?

I think he's Short But I don't know.

BMc
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