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  • #192,141
  • Feb 8, 2010 7:31pm Feb 8, 2010 7:31pm
Quoting randy1953
looking at the volume, and a few custom indicators I have.
we will see this account can handle DD SL set way way back
Randy
Oh ok...... was just wondering because I would enter below 3640 or around the 3700 region. But you have good reasons so go for it!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #192,142
  • Feb 8, 2010 7:41pm Feb 8, 2010 7:41pm
Can't get a read on what's going on...I'm just gonna sit out the Asian session. Back at it tomorrow morning.
  • #192,143
  • Feb 8, 2010 7:44pm Feb 8, 2010 7:44pm
Ahh was not looking well but I picked up 12 pips.
Randy




Quoting realjumper
Oh ok...... was just wondering because I would enter below 3640 or around the 3700 region. But you have good reasons so go for it!!
One good turn gets most of the blankets.
  • #192,144
  • Feb 8, 2010 7:49pm Feb 8, 2010 7:49pm
Quoting randy1953
Ahh was not looking well but I picked up 12 pips.
Randy
Nothing wrong with 12 pips
Doing what you like is Freedom. Liking what you do is Happiness.
  • #192,145
  • Feb 8, 2010 7:52pm Feb 8, 2010 7:52pm
muchas gracias

Quoting realjumper
Nothing wrong with 12 pips
One good turn gets most of the blankets.
  • #192,146
  • Feb 8, 2010 7:58pm Feb 8, 2010 7:58pm
Quoting jdutch
risky is an understatement considering we havent seen 1 slightly legitimate true correction in 2-2.5 weeks...

risky would be to short after a 1500 pips from a top an also after 4 weeks of downside ,,risky will be having a short position if this baby starts to recovering from here,, i prefer the longs from here at least i have less pips to countertrend to the downside than to an upper recovery,,, also EU there is too much noise about it and when that happens boom intervention or something is expected
  • #192,147
  • Feb 8, 2010 8:01pm Feb 8, 2010 8:01pm
Quoting randy1953
Ahh was not looking well but I picked up 12 pips.
Randy
It's kinda dumb but I always remember the saying from grade school.. " you get what you get and don't through a fit "

Now for a 34 year old man that sound kinda dumb but it also goes with be happy with what you got. You still have money in your account for a bigger move... Just my two cents.. They might not be worth much but I make a living on them.......
  • #192,148
  • Feb 8, 2010 8:06pm Feb 8, 2010 8:06pm
long tp 1 / 1.3780 tp 2 /1.3850
  • #192,149
  • Feb 8, 2010 8:06pm Feb 8, 2010 8:06pm
Quoting GastonCorzo
risky would be to short after a 1500 pips from a top an also after 4 weeks of downside ,,risky will be having a short position if this baby starts to recovering from here,, i prefer the longs from here at least i have less pips to countertrend to the downside than to an upper recovery,,, also EU there is too much noise about it and when that happens boom intervention or something is expected
What about last year the uptrend that moved up from 4-21 through 12/1
I think it can move allot more to the down side. I never try and guess where the market is going, I just go with the flow, I see all the time people screaming that this is it now it will move up to 1.5000. I think trying to call a bottom is not smart at this moment.... Just cruise with it where ever it goes and collect pips all the way, either direction.. BTW we moved up from 4/21 to 12/2... could it not move down from 12/3 to when ever......
  • #192,150
  • Feb 8, 2010 8:18pm Feb 8, 2010 8:18pm
Quoting smokemachine
almost 2 weeks...!

hey smoke try this formula out

balance*risk= /pips of risk


for example. 500*2%= /50 pips

so answer is 500*.02=10 dollars/say 50pips sl=.20 lot size
  • #192,151
  • Feb 8, 2010 8:19pm Feb 8, 2010 8:19pm
Quoting local
Now I'm expecting retest and then I'll go short

Attachment
In Yet?
  • #192,152
  • Feb 8, 2010 8:22pm Feb 8, 2010 8:22pm
Quoting smokemachine
Well I was checking out FXCM but I am not sure yet...!!!

hey smoke im with ibfx for a long time now and been happy with them. so try them out. e/u is only 2 pips spread
  • #192,153
  • Feb 8, 2010 8:34pm Feb 8, 2010 8:34pm
OK Gator...I've weathered the storm so far on this very uncertain LONG from 3690 earlier today....

We found very solid support at one of your tops that is acting as support for the moment...we are now hitting another top that should be a little harder at 3681....

If and I said if we can penetrate it...my Trade should be okay to at least 3714 or 3740 I believe....

What are you seeing with this price action?

And I know the trend is down

CHF needs to break 719 as well....

Thanks
  • #192,154
  • Feb 8, 2010 8:37pm Feb 8, 2010 8:37pm
Quoting GastonCorzo
risky would be to short after a 1500 pips from a top an also after 4 weeks of downside ,,risky will be having a short position if this baby starts to recovering from here,, i prefer the longs from here at least i have less pips to countertrend to the downside than to an upper recovery,,, also EU there is too much noise about it and when that happens boom intervention or something is expected

there is a reason this thing hasnt recovered at all and shown any correction, even a little and the only reason we are not moving uncontrollably to the downside right now is because a TON of traders are already short. if this was showing a fight to the upside, i would agree there is a long possibility, i havent seen any real bounce of the entire move, or even close over the last 2 weeks(not 2-3 or even 4 or 5 days). i didnt advocate a short position here, but i also think until the EU announces it will save the PIIGS, we wont see any serious move to the upside and will continue to hover around low IMO.
  • #192,155
  • Feb 8, 2010 8:38pm Feb 8, 2010 8:38pm
Anyone use FXOpen UK? How are they?
  • #192,156
  • Feb 8, 2010 8:41pm Feb 8, 2010 8:41pm
Quoting GastonCorzo
risky would be to short after a 1500 pips from a top an also after 4 weeks of downside ,,risky will be having a short position if this baby starts to recovering from here,, i prefer the longs from here at least i have less pips to countertrend to the downside than to an upper recovery,,, also EU there is too much noise about it and when that happens boom intervention or something is expected
what bout if it already retraced 180 pips. and the trend was down.. once there are are enough longs to cover the shorts comming in..
Inserted Video
those who can, do. those who cant, talk about those who can
  • #192,157
  • Feb 8, 2010 8:44pm Feb 8, 2010 8:44pm
huh? what you mean UK I use FXOpen but there main office is not the UK
they just have a call center there I believe

Quoting 2+2=4ex
Anyone use FXOpen UK? How are they?
One good turn gets most of the blankets.
  • #192,158
  • Feb 8, 2010 8:45pm Feb 8, 2010 8:45pm
Quoting IMARICH1
OK Gator...I've weathered the storm so far on this very uncertain LONG from 3690 earlier today....

We found very solid support at one of your tops that is acting as support for the moment...we are now hitting another top that should be a little harder at 3681....

If and I said if we can penetrate it...my Trade should be okay to at least 3714 or 3740 I believe....

What are you seeing with this price action?

And I know the trend is down

CHF needs to break 719 as well....

Thanks
im just waiting. it will happen when it happens. but never chase a trade. let it come to you. if you miss it, oh well. its better then sitting there with a bad entry.
those who can, do. those who cant, talk about those who can
  • #192,159
  • Feb 8, 2010 8:48pm Feb 8, 2010 8:48pm
why dumb actually smart I readjusted my entry and was able to get out for a profit of 12 pips ready to go again. If left the trade in I would feel unconfortable..
randy


Quoting live4pips
It's kinda dumb but I always remember the saying from grade school.. " you get what you get and don't through a fit "

Now for a 34 year old man that sound kinda dumb but it also goes with be happy with what you got. You still have money in your account for a bigger move... Just my two cents.. They might not be worth much but I make a living on them.......
One good turn gets most of the blankets.
  • #192,160
  • Feb 8, 2010 8:51pm Feb 8, 2010 8:51pm
Quoting randy1953
huh? what you mean UK I use FXOpen but there main office is not the UK
they just have a call center there I believe
Oh. I thought they had a UK division. Nevermind then.
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