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  • #202,361
  • Feb 25, 2010 1:12am Feb 25, 2010 1:12am
Quoting $maker
why are people going long?
assuming its the bottom... but its just gone down from 1.52 in a nice trend!

Im not assuming we have hit the bottom unless i see it an uptrend beginning.

besides.. gold looks doomed to me on charts .. heading lower
They Just scalping up /for a better entry ( me ) , bottom can be far away down.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #202,362
  • Feb 25, 2010 1:13am Feb 25, 2010 1:13am
Quoting Noordin
whats BE pls ?
BREAK EVEN!
  • #202,363
  • Feb 25, 2010 1:13am Feb 25, 2010 1:13am
Quoting Clouds
good lluck picking the bottom

Thanks.

I ain't risking much and its been green since i entered..Isn't that all that matters?
Some drink at the fountain of knowledge. Others just gargle !
  • #202,364
  • Feb 25, 2010 1:13am Feb 25, 2010 1:13am
Quoting billymoney
not but from my point of view it is perfectly makes sense to long @ 3460 support and risk SL 10pips and TP @ 50pips pullback or more like 100 * but less likely

Risk/Reward factor, but well my SL @ BE already... it is a free trade. is either 0pips or 50 pips or 100pips. Free trade ftw
That's true. But since it already went up 20 pips. why don't move it to BE + 5? That way even if by chance (very unlikely) u enter into a trade 10 times and it hit ur SL, u still get 5x10 = 50 pips rather than 0 pips.
  • #202,365
  • Feb 25, 2010 1:14am Feb 25, 2010 1:14am
Quoting fontu
They Just scalping up /for a better entry ( me ) , bottom can be far away down.
fontu
Exactly.... ur sig explain it all lol
  • #202,366
  • Feb 25, 2010 1:15am Feb 25, 2010 1:15am
Quoting fontu
They Just scalping up /for a better entry ( me ) , bottom can be far away down.
fontu
yeah.. although i am staying away from EU.. i just dont like the idea of trying to buy expecting a retrace.. lost a lot of money doing that...

shorted 1094 gold!
  • #202,367
  • Feb 25, 2010 1:19am Feb 25, 2010 1:19am
Quoting plan-b
Thanks.

I ain't risking much and its been green since i entered..Isn't that all that matters?
Yes. I'm on opposite side of the USD, but maybe my AU pair will go down anyways. Let's all be happy!
  • #202,368
  • Feb 25, 2010 1:21am Feb 25, 2010 1:21am
Quoting billymoney
not but from my point of view it is perfectly makes sense to long @ 3460 support and risk SL 10pips and TP @ 50pips pullback or more like 100 * but less likely

Risk/Reward factor, but well my SL @ BE already... it is a free trade. is either 0pips or 50 pips or 100pips. Free trade ftw
nice trade then, i took a short there at S1 +12 right now
  • #202,369
  • Feb 25, 2010 1:21am Feb 25, 2010 1:21am
Quoting gatorinla
with the smallest drop comes the largest ocean. breaken
Gator just to let you and everyone know option for 1.30 strike for March expiration outwieghs all others by 2-1.

If this reverses a lot of people out of pocket.

BTW great call as expected by you in GBP
  • #202,370
  • Feb 25, 2010 1:24am Feb 25, 2010 1:24am
good morning/evening,

One of my systems just fired a sell GU @1.5329 sl 1.5387 tp1 1.5271 tp2 1.5212

EURO-DOLLAR: Opened Asia around $1.3540 and initially squeezed up to
mark session highs at $1.3548 as rate reacted to early demand for
euro-yen. Rate reversed off highs as risk positions began to be pared,
the Asian market reacting to eurozone negative articles in the UK and US
press. Rate eased toward $1.3500, and with no apparent Asian sovereign
demand here today allowed rate to break below and move to $1.3470 as
stops through $1.3495 were triggered. One bank noted that a macro
account had bought a large 3-mos $1.2600 one touch. Rate squeezed to
lows of $1.3451 as stops were triggered in euro-yen, recovering to
settle between $1.3455/70 ahead of the European. Early buys into Europe
have lifted the rate to $1.3480. Bids remain in place between $1.3450/40
($1.3443 Feb 19 low). Stops seen placed on a break of $1.3440, which if
triggered to allow for a deeper move toward $1.3425/20 ahead of $1.3400.
Resistance $1.3500/10, a break here to allow for a move back toward
$1.3540/50 ($1.3543 38.2% $1.3693/1.3451/Asia high $1.3548).

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #202,371
  • Feb 25, 2010 1:27am Feb 25, 2010 1:27am
Quoting Clouds
Yes. I'm on opposite side of the USD, but maybe my AU pair will go down anyways. Let's all be happy!

Yap, there is more than enough to go around.

I am also short aud but against euro and gbp
Some drink at the fountain of knowledge. Others just gargle !
  • #202,372
  • Feb 25, 2010 1:38am Feb 25, 2010 1:38am
Quoting $maker

shorted 1094 gold!
I just shorted at 1093 S/L @ 1100 and TP (Wide OPEN) Tentatively 1078, followed by 1045, and ultimately 1020, but who knows, gold moves with speed when it moves.

Heck Yeah......let's do this shiznit. I wanna see 1020 by the weekend, But I'll take 1045, Hell I'll take 1078 and go home....


Gold's going down......u see the potential bear flag kinda hanging out now on the 5 minute to hourly?
  • #202,373
  • Feb 25, 2010 1:39am Feb 25, 2010 1:39am
Quoting $maker
yeah.. although i am staying away from EU.. i just dont like the idea of trying to buy expecting a retrace.. lost a lot of money doing that...

shorted 1094 gold!
Closed at 1090 since 1089 for me a daily support!
  • #202,374
  • Feb 25, 2010 1:45am Feb 25, 2010 1:45am
Quoting majorusa
Short 1.3556 SL 1.3778.
Sorry for not updating. Here are my last trades. Result in pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Forex 06 2010-02-25 09.43.jpg Size: 39 KB
If you're not part of the solution then you're part of the problem.
  • #202,375
  • Feb 25, 2010 1:46am Feb 25, 2010 1:46am
Quoting $maker
Closed at 1090 since 1089 for me a daily support!
sometimes i wish i didnt put a tp.... got hit quickly!... will short again on retrace....hoping that will happen!
  • #202,376
  • Feb 25, 2010 1:46am Feb 25, 2010 1:46am
Best statement for me tdy. As they say, there's enough for every man's need, but not for everyone's greed. I'm with you guys. Happy trading.

Quoting plan-b
Yap, there is more than enough to go around.

I am also short aud but against euro and gbp
always learning from the masters
  • #202,377
  • Feb 25, 2010 1:58am Feb 25, 2010 1:58am
Quoting Why Oh Why
Absolutely. And you may have noticed from the chart I was long at 1.3475 - the blue dotted line - before exiting and going short at 1.3678 and again at 1.3568. A near perfect day. If only it was always like this. Last 1.3508.
Yesterday looks like repeating itself but in reverse. I can live with that. Long for acouple from 1.3478 and still holding a short from 1.3579 which I may exit on soon. Last 1.348.

http://pcinternational.co.uk/wp-cont...02/eurusd4.gif

Do not focus on making money; focus on protecting what you have.
  • #202,378
  • Feb 25, 2010 1:58am Feb 25, 2010 1:58am
Quoting billymoney
Exactly.... ur sig explain it all lol
Yeah , I do follow mostly this thing in scalping & also regular trades withoiut taking any loss trade but if not follow must have at times. karmostaji is my teacher about free trades.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #202,379
  • Feb 25, 2010 2:01am Feb 25, 2010 2:01am
FONTU....my email is on profile....if you want to send it me PM or email....

also where do you see this heading for a small baby bull run??
  • #202,380
  • Feb 25, 2010 2:08am Feb 25, 2010 2:08am
I'm hoping this retrace ends soon and we get to the big fall!!
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