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  • #212,941
  • Mar 18, 2010 12:09pm Mar 18, 2010 12:09pm
Quoting DrLobo
Do you guys trade with SL = 100's of pips ??
I don't use them, I have MM take care of that..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #212,942
  • Mar 18, 2010 12:09pm Mar 18, 2010 12:09pm
Quoting SkyzerFX
Ohh no, of course it's going straight to zero.. Just SELL now..
lol 0 hahaha yes its going to touch 00 and won't come up we all are gone and European union is finished lol

Ub
  • #212,943
  • Mar 18, 2010 12:09pm Mar 18, 2010 12:09pm
Quoting DrLobo
Hi.

Well I dont believe anyone can know where its going long term i think last couple of days is case in point.

The strategy i am developing is like, I dont care if it goes up or down I just

*Wait for big movement,
* Wait for retractment and enter
* Exit @ Fib 40-50% depending on price action

I have not traded long enough to know if this will be successfull but what do you think is wrong with this strategy ?
where is your trend determination in that strategy, you should consider including that. we just had a big movement, retracement would put it at 3640 to 3650. let's see if your strategy works. and also it depends on TF, but keep it simple as you are planning. it's not the strategy normally, it's the trader.
  • #212,944
  • Mar 18, 2010 12:09pm Mar 18, 2010 12:09pm
Quoting DrLobo
Do you guys trade with SL = 100's of pips ??

No everyone has another SL depends on MM..I use sometimes 20 sometimes 50 but not more..
" Accepting losses is the most important single investment devise "
  • #212,945
  • Mar 18, 2010 12:10pm Mar 18, 2010 12:10pm
"Ohh,, NO it's rising now, what to do? I'm short, please help..."
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #212,946
  • Mar 18, 2010 12:10pm Mar 18, 2010 12:10pm
Quoting SkyzerFX
Ohh it's going straight to zero.. Just SELL now..
glad you see the light *L*
those who can, do. those who cant, talk about those who can
  • #212,947
  • Mar 18, 2010 12:12pm Mar 18, 2010 12:12pm
Quoting SkyzerFX
"Ohh,, NO it's rising now, what to do? I'm short, please help..."
this not a rise I guess...cuz the high fall of USD /Frank it effects just
" Accepting losses is the most important single investment devise "
  • #212,948
  • Mar 18, 2010 12:12pm Mar 18, 2010 12:12pm
Quoting SkyzerFX
It don't matter, that line was broken before right on your chart there.

We have drops before on H4 from 1.3790 Hi (FEB 17) to 1.3445 LOW and what?

Did it drop to 1.30? no, cause nothing trades in 1 direction, especially

EU.. It's a good buy here or else if it drops in 1.34 area even better BUY

then.

P.S

Just pops up: " Greek Prime Minister Indicates Seeking IMF Help if EU Fails"

"INDICATES" whatever heck that means, and he said earlier that he know nothing about that..
It closed below it only once and just for few pips.
  • #212,949
  • Mar 18, 2010 12:13pm Mar 18, 2010 12:13pm
Quoting Jack Herer
I am VERY inclined to sell if this ever come back to 1.3640~55 area again.

At least gimme a bit for my dinner. Long here until my ema 250. Btw still on thv jack?
Manage your risk accordingly and you're half done your home work.
  • #212,950
  • Mar 18, 2010 12:13pm Mar 18, 2010 12:13pm
Quoting SkyzerFX
"Ohh,, NO it's rising now, what to do? I'm short, please help..."
try this.. http://www.buyextenze.com/?a=341972&...tenzeBrand&c=0
those who can, do. those who cant, talk about those who can
  • #212,951
  • Mar 18, 2010 12:13pm Mar 18, 2010 12:13pm
okay thanks, but what is MM that you all keep reffering to ?? (money management ? )
  • #212,952
  • Mar 18, 2010 12:14pm Mar 18, 2010 12:14pm
Quoting SkyzerFX
"Ohh,, NO it's rising now, what to do? I'm short, please help..."

Why are you freaking out, I thought that was you're trading plan "Sell when it's going up and buy when it's going down"?

Just kidding man!
  • #212,953
  • Mar 18, 2010 12:15pm Mar 18, 2010 12:15pm
Quoting petehnm
usd/chf just started tanking how come eur/usd not moving up?
Because Switzerland does not have the problems that the Euro has.
  • #212,954
  • Mar 18, 2010 12:15pm Mar 18, 2010 12:15pm
Quoting DrLobo
okay thanks, but what is MM that you all keep reffering to ?? (money management ? )
It is money management yes. There is a glossary in the rookie section of the forum right at the top too, it's a sticky and worth checking out at least once.
  • #212,955
  • Mar 18, 2010 12:16pm Mar 18, 2010 12:16pm
Quoting SkyzerFX
"Ohh,, NO it's rising now, what to do? I'm short, please help..."
Even a man getting kicked in the ribs on the floor gets a moment to try and get up from time to time...
  • #212,956
  • Mar 18, 2010 12:17pm Mar 18, 2010 12:17pm
Quoting gatorinla
try this.. http://www.buyextenze.com/?a=341972&...tenzeBrand&c=0
how LONG have you been waiting to pull that one out of the bag ?
hang on to your bread......unless you want toast
  • #212,957
  • Mar 18, 2010 12:18pm Mar 18, 2010 12:18pm
all right nap time for me. alarms set
  • #212,958
  • Mar 18, 2010 12:18pm Mar 18, 2010 12:18pm
Quoting personalme
At least gimme a bit for my dinner. Long here until my ema 250. Btw still on thv jack?
Kinda.

I must say that the core of my trading these days has been VSA and pivots

but I still use THV as a good confirmation on those beautiful days when we trend strong...not so much the case lately lol

I also like the trix for divergences at S&R.
  • #212,959
  • Mar 18, 2010 12:19pm Mar 18, 2010 12:19pm
Quoting Caravanpark
Because Switzerland does not have the problems that the Euro has.
And That's why I'm buying EURCHF too.. We'll see how much more it going

to drop before SNB pulls the trigger.. I'll bite it, because it's opp of the few

decades.. And accelerated DROP means bottom is near (at least for me)
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #212,960
  • Mar 18, 2010 12:20pm Mar 18, 2010 12:20pm
Atlast or Gator,

I was looking at a SHORT at this 3622 area but it could go back to 3644 before another leg down......

Any thoughts on PA at the moment? Or should I wait on this 1 hr candle to close first?

Thanks
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