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  • #204,921
  • Mar 2, 2010 10:30am Mar 2, 2010 10:30am
Quoting $maker
i had shifted my tp tp 1.35200 and it goes back up from 1.3522
WTF seriously .. i am destined to get assfucked 2day?

dude dont beat urself up about it.trust me it happens to the best of us even in the perfect setup. i couldnt sleep last night out of frustration but im over it and cant wait for the next trade. maybe u should take a break as u gonna take revenge on the market and lose more.

u make big losses today??
  • #204,922
  • Mar 2, 2010 10:32am Mar 2, 2010 10:32am
Same here, I missed my TP at 1.3433 earlier on by 3 pips and got stopped out in the end. Its a crazy market out there!

Quoting $maker
i had shifted my tp tp 1.35200 and it goes back up from 1.3522
WTF seriously .. i am destined to get assfucked 2day?
  • #204,923
  • Mar 2, 2010 10:34am Mar 2, 2010 10:34am
Quoting 4exJunki
i would have been in the same boat if i traded more actively today. But depending on the situation i learnt to cut my losses short rather than hope on a wing and a prayer cos it always ends in tears. Make a decision now to minimize ur losses...u will feel relieved afterwards.

i don t trade like that, especially in a ranging market where you get fake signals a few times a day. you get slaughtered if you work with sl like this in a few days. i rather hedge...and wait to close which ever is in profit . and then when a trend emerges which it will it s much easier to follow it and double your losing position...
Andreyou
  • #204,924
  • Mar 2, 2010 10:34am Mar 2, 2010 10:34am
We are still in a down market. I'm selling at 3570 off the hourly chart with a tight stop loss. What do you see?
  • #204,925
  • Mar 2, 2010 10:36am Mar 2, 2010 10:36am
Quoting Trading Cat
shit missed the next trade on the super trendy indi, should be long from 3557 tp would be 3576-80
ok ...so pls now what is the super trendi..pls can you pm or post it thanks..

okey I have it
" Accepting losses is the most important single investment devise "
  • #204,926
  • Mar 2, 2010 10:37am Mar 2, 2010 10:37am
Lesson For today Always Trade what your charts says, i have been short usd/chf @ 1.0785 with SL 50 pips to take Profit @ 1.0715.

i will leave this trade open till tommorrow.
Happy Trading
Trade What You See and Not What You Think
  • #204,927
  • Mar 2, 2010 10:38am Mar 2, 2010 10:38am
Quoting Clouds
1 min TL broke , to the down
Is TL the Turkish Lira???
" Accepting losses is the most important single investment devise "
  • #204,928
  • Mar 2, 2010 10:39am Mar 2, 2010 10:39am
it is something like this, Win, BE, lose, Win, BE, Lose.

I am out of trading Daily this Pair for past 4 weeks, with only longs open.
I won some shorts when hedging to close all shorts every time around 1.3450/60 level.

And with the volatility of last days I do not see here anyone losing, very strange!!

Last 15 days PA, it is not common, it is a battle between Bears and Bulls, similar to what happened in October/November 2008, but that time volatility was wider and PA more accurate.
Last days PA it is very rare, seeing 4 Daily lows almost the same level it is rare and with 3 weekly dojis, lol, time to see who will win for medium/long Term.
  • #204,929
  • Mar 2, 2010 10:39am Mar 2, 2010 10:39am
Quoting 4exJunki
dude dont beat urself up about it.trust me it happens to the best of us even in the perfect setup. i couldnt sleep last night out of frustration but im over it and cant wait for the next trade. maybe u should take a break as u gonna take revenge on the market and lose more.

u make big losses today??
nah this is my only trade... for the day.. and its annoying the fuck out of me...
first i had tp at 1.3500.... missed it.....decided to take profit manually... internet went off..... came back on .. put a tp of 1.35200 ... missed it by 2 pips....
  • #204,930
  • Mar 2, 2010 10:42am Mar 2, 2010 10:42am
Quoting $maker
i had shifted my tp tp 1.35200 and it goes back up from 1.3522
WTF seriously .. i am destined to get assfucked 2day?
Tell me about it... made 8 trades today, all marginally positive (1 to 2 pips each), because I keep picking an entry, then moving SL to BE as fast as I can (after 6 to 10 pips in positive), because of this up&down price action... I keep waiting, thinking "this is the one, the runner", and it keeps retracing.

Had I closed all of them at the point where I was moving the SL to BE, and I would be up 50 to 80 pips. Oh well... there's days like this.
  • #204,931
  • Mar 2, 2010 10:43am Mar 2, 2010 10:43am
further upside stillz possible....

4hr stochastic still climbingz...
  • #204,932
  • Mar 2, 2010 10:44am Mar 2, 2010 10:44am
Quoting BoredToLoose
it is something like this, Win, BE, lose, Win, BE, Lose.

I am out of trading Daily this Pair for past 4 weeks, with only longs open.
I won some shorts when hedging to close all shorts every time around 1.3450/60 level.

And with the volatility of last days I do not see here anyone losing, very strange!!

Last 15 days PA, it is not common, it is a battle between Bears and Bulls, similar to what happened in October/November 2008, but that time volatility was wider and PA more accurate.
Last days PA it is very rare, seeing 4 Daily lows almost the...
yes everone is winning...hmmmm...I myself win and loose but my main program is at least to stay always with + pips in end of the day..since 15 days I had no loose day overall..
" Accepting losses is the most important single investment devise "
  • #204,933
  • Mar 2, 2010 10:45am Mar 2, 2010 10:45am
Well same here....i've made few trades today...average of my trades is in the red so far....but i'm still waiting a down movement so i'm not stressed

I'll wait tomorrow or in 2 days

Patience patience!
COT: The precious data ignored
  • #204,934
  • Mar 2, 2010 10:48am Mar 2, 2010 10:48am
there was a similar pa from the 12th to the 16th february... at that time i got chopped on small movements eating all my sl... i did the maths it would have been much better to keep all positions open an tthen when things were clear on the 16th go with the longs up tp 1.374 and close them where the signals were clear and then open shorts (clear signal on the 17th in the afternoon around 14h depending on tf) and ride it down to 1.357 a few days later... it would have meant closing both shorts and longs on profit instead of chasing the price on fake signals... so on days like this, i close on profit whatever is profitable and hedge the rest. now i m fully hedged long/shorts
Andreyou
  • #204,935
  • Mar 2, 2010 10:49am Mar 2, 2010 10:49am
hi guys,

as i see, the day was somewhat disappointing with the range even narrowing.
right now, resistance at 1.3559 appears to be the line we're hugging.
i took the day off relaxing, getting a little distance to my charts.
  • #204,936
  • Mar 2, 2010 10:54am Mar 2, 2010 10:54am
Quoting Blacknightz
further upside stillz possible....

4hr stochastic still climbingz...


targetingz... 1.35861
  • #204,937
  • Mar 2, 2010 10:56am Mar 2, 2010 10:56am
Quoting tonirai
Tell me about it... made 8 trades today, all marginally positive (1 to 2 pips each), because I keep picking an entry, then moving SL to BE as fast as I can (after 6 to 10 pips in positive), because of this up&down price action... I keep waiting, thinking "this is the one, the runner", and it keeps retracing.

Had I closed all of them at the point where I was moving the SL to BE, and I would be up 50 to 80 pips. Oh well... there's days like this.

I feel your pain. Same situation here.
  • #204,938
  • Mar 2, 2010 10:59am Mar 2, 2010 10:59am
Quote
Tell me about it... made 8 trades today, all marginally positive (1 to 2 pips each), because I keep picking an entry, then moving SL to BE as fast as I can (after 6 to 10 pips in positive), because of this up&down price action... I keep waiting, thinking "this is the one, the runner", and it keeps retracing.

Had I closed all of them at the point where I was moving the SL to BE, and I would be up 50 to 80 pips. Oh well... there's days like this.
Quote

I can feel your pain....trading can be frustating sometimes.
  • #204,939
  • Mar 2, 2010 11:11am Mar 2, 2010 11:11am
"
1634 GMT [Dow Jones] USD/CAD will reach parity by late summer, said Andrew Wilkinson, at Interactive Brokers.
The BOC's statement had "very upbeat tone" regarding the Canadian economy and could be viewed as "slightly bullish,
he said. His call for USD/CAD is based on the outlook for monetary policy in Canada. "The Canadian central bank is
soon to embark upon a period of interest rate increases in the similar what the Australians did," he said. (FAS/BMD)
"

That case, if come true, pretty much sets EUR above 1.40
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #204,940
  • Mar 2, 2010 11:12am Mar 2, 2010 11:12am
Tat FED guy causing bearish sentiment to continue with the EURUSD...
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