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EURUSD

  • #191,881
  • Feb 8, 2010 11:05am Feb 8, 2010 11:05am
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  • #191,882
  • Feb 8, 2010 11:06am Feb 8, 2010 11:06am
Quoting MackS10
Imagine most traders getting addicted to trading by "just rolling the dice" and practice MM to Justify their actions. Simply delays the failure.
Yeah forex are very addictive , i have involved 3-4 years ago when i even wasnt a mature and i cant get out now spending 10 hours ~ a day even on holiday i watch charts when im going on vacation i just cant leave my laptop because i'm scared to miss moves forex is like a drug for me
  • #191,883
  • Feb 8, 2010 11:09am Feb 8, 2010 11:09am
short from 1.3694
  • #191,884
  • Feb 8, 2010 11:11am Feb 8, 2010 11:11am
Driver55,

Thanks. It appears on my charts thatprice closed at 692. Did yours show that as well?

I am looking for CHF to go to 657-47 and EU to 3745....but London MArket gone so not as confident..
  • #191,885
  • Feb 8, 2010 11:11am Feb 8, 2010 11:11am
Quoting pipsimax
short from 1.3694
Good choice 1 hour formed double top.
  • #191,886
  • Feb 8, 2010 11:11am Feb 8, 2010 11:11am
Quoting pipsimax
short from 1.3694
yes mate go for it thats the way
  • #191,887
  • Feb 8, 2010 11:12am Feb 8, 2010 11:12am
Didn't take position personally,will wait one more our to confirm my analys.
  • #191,888
  • Feb 8, 2010 11:13am Feb 8, 2010 11:13am
Quoting IMARICH1
Gator,

Is this still a baby BULL play up to 3745...perhaps....

What's your thoughts?

You have 3714 and 3730 as confirmation of soft tops?

I have 3756 and 3766 as some hard tops now....

There maybe a baby bull here, but its capped by the trendline that I have drawn on this posting:

http://www.forexfactory.com/showpost...stcount=190817

Dont get faked by any bullish scenario until the lower trendlines are reached. We are in for one heck of a surprise, if anyone is thinking reversal at this stage. Look at the gap that is left to the lows of 3000, on this new sets of Trendlines.

As we get close to the 3000 level we might be seeing a structure that has started from the 3700 area that will look like a diagonal triangle. Right now every chance you get, just short the EUR/USD pair. This shorting game is not gonna last till maybe end of March or Mid March, then getting pips wont be that easy.

Market is good right now till Mid-End of March, then after march it mellows down a bit till mid May, and when May comes you have the deadly corrective - Wipsaw patterns emerging where most traders loose all the money that you made from January to May simply because a lot of traders go to vacations during May - August. These patterns continue to End of August where at that time you have the market pickup momentum till mid december. So if you dont take advantage of this market now and dont make your money till end of March, then the easy rides will be over.
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  • #191,889
  • Feb 8, 2010 11:14am Feb 8, 2010 11:14am
Quoting Goonerboy
and thanks for the compliment - I started off so naive but a chap called Kevin Mezzone picked up on me and mentored me, what a great guy and he really helped me learn this the smart way.
Hi Goonerboy can i also me mentored?
Trade What You See and Not What You Think
  • #191,890
  • Feb 8, 2010 11:16am Feb 8, 2010 11:16am
Quoting IMARICH1
Driver55,

Thanks. It appears on my charts thatprice closed at 692. Did yours show that as well?

I am looking for CHF to go to 657-47 and EU to 3745....but London MArket gone so not as confident..
at 12.00h was 1,0696
The best thing that can happen to you is to find out where you're wrong.
  • #191,891
  • Feb 8, 2010 11:16am Feb 8, 2010 11:16am
Quoting IMARICH1
Gator,

Is this still a baby BULL play up to 3745...perhaps....

What's your thoughts?

You have 3714 and 3730 as confirmation of soft tops?

I have 3756 and 3766 as some hard tops now....
4644 to 4714/34 was rejected before 14 thus far. so old story with numbers after.
those who can, do. those who cant, talk about those who can
  • #191,892
  • Feb 8, 2010 11:17am Feb 8, 2010 11:17am
Quoting SashaP
Didn't take position personally,will wait one more our to confirm my analys.
zdarova sasha
  • #191,893
  • Feb 8, 2010 11:22am Feb 8, 2010 11:22am
Quoting dil
zdarova sasha
pozdrav,odake si ?
  • #191,894
  • Feb 8, 2010 11:22am Feb 8, 2010 11:22am
Quoting nawafasad1
yes mate go for it thats the way
but i m buying
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  • #191,895
  • Feb 8, 2010 11:23am Feb 8, 2010 11:23am
Quoting Goonerboy
Mr J - i'm new on here so I'll not be wanting to cause any offence ;-)

I've got my trading rules - I'm sure you have yours... my rule is thus; never risk more than 1.0% of my account on any one trade... that means on my $45K account, trading 4 contracts at a time I never risk more than $300 with a 6 pip stop. It works well for me, it suits my trading strategy and it fits my rules.
You didn't cause any offence, and I don't mean to do so either. It's just that so many posters blindly state that it's too risky to risk more than x% (usually 1% or 2%). Most don't seem to understand the mathematics behind money management, and just learn and repeat the same old cliches.

My point is that all anyone can do is offer a recommendation, because the amount a trader should risk is personal, depending on the performance of their trades, and their tolerance of variance. Sure, 2% might work for you, but then 4% may be better, or maybe not. The only way to find an appropriate size is to have an idea of how our trades perform, do some maths calculations, and then test to see what we find comfortable.
  • #191,896
  • Feb 8, 2010 11:25am Feb 8, 2010 11:25am
Thanks Driver55...I actually had that as well on live charts...does this validate another drive up then on CHF in your opinion?

Gator,

I apologize but I don't understnad what you are trying to convey. Are you really referring to 4600 to 4700 numbers on EU? How does this factor into the 3714 area? Thanks...I'm trying to position for a SHort and was looking at 3740 to 3756 as a good entry...perhaps I am wrong
  • #191,897
  • Feb 8, 2010 11:27am Feb 8, 2010 11:27am
Kambooj,

Thanks for the detailed and informative response. I have been told that trading dries up between the June to Early September time and to be leary....

I am just trying to find a good Short entry....watching this 3684 area....we bouncce off of it as it was strong R and S......
  • #191,898
  • Feb 8, 2010 11:31am Feb 8, 2010 11:31am
Quoting tahshoon
pozdrav,odake si ?
Nipanimaju
  • #191,899
  • Feb 8, 2010 11:32am Feb 8, 2010 11:32am
Quoting IMARICH1
Kambooj,

Thanks for the detailed and informative response. I have been told that trading dries up between the June to Early September time and to be leary....

I am just trying to find a good Short entry....watching this 3684 area....we bouncce off of it as it was strong R and S......
yep that's what im looking at as well. 1.3682 for a long upwards
  • #191,900
  • Feb 8, 2010 11:37am Feb 8, 2010 11:37am
Quoting dil
Nipanimaju
vala, mislio sam da se upoznamo ...mr. Nipanimaju ...e, pa kako hoces...bezbeli
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