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  • #209,361
  • Mar 10, 2010 3:59pm Mar 10, 2010 3:59pm
Quoting malcolmb14
Before any one accuses me of not posting as eu has gone down

it is still in range . I am buying dips off 1,3550 as stated on weekend

here is daily. I somehow feel next 24 hours will be important one way or other

I showed a chart on the weekend where a 15 min with rounded bottom broke up hard to the upside. Here we have eu set up with a break out of the UTL opneing 1.3900 to 1.41000 area.

Just zooming in on daily like this there sure are longer wicks on the bottoms of the daily candles indicating buyers than there are n the tops indicating...
malcomb14 Man :@, you are make so nervous in auslanco thread and also when i post here i see you talk about swinggggggggg direction, plz dont tell us about target of 500pips, a lot of guys here are intraday not take the long-term position and still wait next months for hit your target, man plz be so honest
High risk High return!
  • #209,362
  • Mar 10, 2010 4:00pm Mar 10, 2010 4:00pm
lol, no connection, the trade didnt get executed. Fucking hate mbt.
  • #209,363
  • Mar 10, 2010 4:04pm Mar 10, 2010 4:04pm
instead im minus 2 pips now. Thanks mbt. U are screwing me so hard, with no connection bullshit. or minus 0.7 pips, but i got a swap fee of 1.3 pip.
  • #209,364
  • Mar 10, 2010 4:12pm Mar 10, 2010 4:12pm
Quoting mmccormac
"free floating p/L isn't success."

This reminds me of all those folks that keep adding to their losses every 50 pips to quote unquote average down rather than just detaching from their lovely position, taking the hit, and looking for a new opportunity.

To each his own though.
While on a general basis I agree with this, what do you think of me doing what you said as a strategy?

Let's say I think a big reversal is coming soon with the possibility to yield me over 100pips but the entry area at the present as well as the time of day is not optimal. Still it is within reasonable standards so I enter with half a position to not let a good opportunity fly by. Chances are at that point I start making money and therefore no further action is needed until my profit area is reached (I don't like doubling winners as I am always looking for trend reversals or partial retracements). If that initial position starts losing money from the start, as soon as I get to my optimal entry level, the absolute level where I think pa will do what I think it will, I enter with the other half a position therefore full exposure now is a full position given by my money management and stop loss is averaged to 100pips.

Do I fit the profile of not detaching from a position?
Different opinions highly valued, ignorant to slander.
  • #209,365
  • Mar 10, 2010 4:13pm Mar 10, 2010 4:13pm
lol help, i wanna sleep. i cant liquidate my position at mbt, it says no connection.
  • #209,366
  • Mar 10, 2010 4:15pm Mar 10, 2010 4:15pm
Quoting woo
instead im minus 2 pips now. Thanks mbt. U are screwing me so hard, with no connection bullshit. or minus 0.7 pips, but i got a swap fee of 1.3 pip.
Or maybe trading with 4 lots and no SL will screw you so hard eventually.
  • #209,367
  • Mar 10, 2010 4:15pm Mar 10, 2010 4:15pm
Quoting simao
malcomb14 Man :@, you are make so nervous in auslanco thread and also when i post here i see you talk about swinggggggggg direction, plz dont tell us about target of 500pips, a lot of guys here are intraday not take the long-term position and still wait next months for hit your target, man plz be so honest
Im sure there are people in the forum who would like to be told about 500 pip moves and intraday traders should already know that 500 pips is way out of the ATR!
  • #209,368
  • Mar 10, 2010 4:17pm Mar 10, 2010 4:17pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
I too am looking for price to hit the 1.4100 area. Although I am not a prophet (as many here seem to think they are), I see the same picture you are seeing. Higher from here, but no guarantees....


Quoting malcolmb14
Before any one accuses me of not posting as eu has gone down

it is still in range . I am buying dips off 1,3550 as stated on weekend

here is daily. I somehow feel next 24 hours will be important one way or other

I showed a chart on the weekend where a 15 min with rounded bottom broke up hard to the upside. Here we have eu set up with a break out of the UTL opneing 1.3900 to 1.41000 area.

Just zooming in on daily like this there sure are longer wicks on the bottoms of the daily candles indicating buyers than there are n the tops...
  • #209,369
  • Mar 10, 2010 4:18pm Mar 10, 2010 4:18pm
Quoting woo
lol help, i wanna sleep. i cant liquidate my position at mbt, it says no connection.
you can call them?
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #209,370
  • Mar 10, 2010 4:20pm Mar 10, 2010 4:20pm
amazing. I obviously need an extra broker, to hedge, for situations like this.
  • #209,371
  • Mar 10, 2010 4:21pm Mar 10, 2010 4:21pm
Well, this has happened before, and it only happens during low liquidity, when there is no market movement. Well i managed to quit now at 2 pip profit.
  • #209,372
  • Mar 10, 2010 4:22pm Mar 10, 2010 4:22pm
Quoting simao
malcomb14 Man :@, you are make so nervous in auslanco thread and also when i post here i see you talk about swinggggggggg direction, plz dont tell us about target of 500pips, a lot of guys here are intraday not take the long-term position and still wait next months for hit your target, man plz be so honest

you win the prize .....for being NO 1 ahole of week .

screw it ..I am out of this thread .. way to many muppets.

1.3870 is not 500 pip away .....go look at your charts with your eyes OPEN. It is 200 pips way . Can EU move 200 pip between now and Friday IF it feels like it sure.

As for intraday trading this is what I do. Every day I wake up buy 1.3550 sell 1.3670 ...this is how US session is working right now...but hell why am i telling this to you ? You know it all ...
Blogging daily now at www.volume.zone
  • #209,373
  • Mar 10, 2010 4:24pm Mar 10, 2010 4:24pm
Wat do you think is the Unemployment claims number tmr? 440000?
What will kick start the EURO upturn.

I am bottom fishing now.
  • #209,374
  • Mar 10, 2010 4:24pm Mar 10, 2010 4:24pm
Quoting woo
instead im minus 2 pips now. Thanks mbt. U are screwing me so hard, with no connection bullshit. or minus 0.7 pips, but i got a swap fee of 1.3 pip.
you've chosen unappropriate broker for pip-hunting. I suggest you finding another one, swap free e.g.
  • #209,375
  • Mar 10, 2010 4:25pm Mar 10, 2010 4:25pm
Quoting woo
amazing. I obviously need an extra broker, to hedge, for situations like this.
If by hedging you mean buying or selling the same pair then this is completely pointless!
  • #209,376
  • Mar 10, 2010 4:26pm Mar 10, 2010 4:26pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Just get a broker that allows hedging. I have one that allows unlimited hedging on either side of the trade.
  • #209,377
  • Mar 10, 2010 4:28pm Mar 10, 2010 4:28pm
Quoting MarkH
Just get a broker that allows hedging. I have one that allows unlimited hedging on either side of the trade.
BUt why would you want to do this
  • #209,378
  • Mar 10, 2010 4:28pm Mar 10, 2010 4:28pm
Quoting MarkH
I too am looking for price to hit the 1.4100 area. Although I am not a prophet (as many here seem to think they are), I see the same picture you are seeing. Higher from here, but no guarantees....

Many in this thread an many others are full of the brown stuff.

All they do is talk of how many pips they make blah blah blah. Do not see many posts of traders that lost money and openly admit this.

Not systems , not sets up , not what if scenarios ( I just posted an excat way to play eu in case of breakout later and you are not in , in the vsa thread) just 'hey I just closed my trade for 90pips.' ..or posts attacking others thoughts

I clearly stated due to dojis forming on weekly I am buying every dip into 1.3500. I stated this 3 weeks ago and am still doing this selling for 50 to 150 a pop.

As you state above 1.4100 is possible. Markets do not move one direction , they move in waves , nor do markets form 5 dojis in a row and go down .... many do not seem to get this ..lol

I am much happier buying dips for now on an intraday bases than selling.... but that is just me

By all accounts all in here are millionaires.
Blogging daily now at www.volume.zone
  • #209,379
  • Mar 10, 2010 4:28pm Mar 10, 2010 4:28pm
Quoting Tovinces
you've chosen unappropriate broker for pip-hunting. I suggest you finding another one, swap free e.g.

Very true. They are not good at all for scalping. Any suggestions of what broker to use. It has to be ECN.
  • #209,380
  • Mar 10, 2010 4:32pm Mar 10, 2010 4:32pm
Quoting PipLand
If by hedging you mean buying or selling the same pair then this is completely pointless!
It isnt. Im currently trading with mbt, and i couldnt liquidate my position. If i had another broker, i could offset the trade, and i would only have to pay 2 additional spread fees, which yes completely suck, especially if im scalping However, im watching the price all the time, and i think even thnis option is good, rather than not being able to do anything with your money.
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