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  • #213,601
  • Mar 19, 2010 9:48am Mar 19, 2010 9:48am
Quoting Gld
according to cnbc it's quad witching day
Even worse then! lol
  • #213,602
  • Mar 19, 2010 9:49am Mar 19, 2010 9:49am
I'm thinking long here.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #213,603
  • Mar 19, 2010 9:52am Mar 19, 2010 9:52am
Quoting mseaz9
R You serious ??? May i ask what kind of SL do you have with all the buying you have done???
I don't use Stop Loss, I'll bail out in profit or (even/small loss) next

time pair retraced, or you think it's going to 1.20 in straight line, good for you then?

If you so sure, sell your house and Short EUR, what can I say..

We'll see what's up next week..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #213,604
  • Mar 19, 2010 9:53am Mar 19, 2010 9:53am
10 pips to go GS...
COT: The precious data ignored
  • #213,605
  • Mar 19, 2010 9:53am Mar 19, 2010 9:53am
Quoting FXTheOne
I wonder..EU is going down..Why some guys take long? Why do they wanna grab the falling knife, to pick the bottom that much? Then keep complaining about their loss in here... You know..Forex market has taught me alot.. One of those is "trade what you see, don't trade what you think".. and "don't bet the trend, ride it"... If you go in here and find idea which can support your idea, to distort the truth that you are wrong this time, to convince that you're right, right.. so you will keep losing again and again.... JUST SIMPLY RIDE THE TREND...


The main reason why people catch falling knives is because they believe that by doing so they can have a small stop therefore won't lose much on any 1 trade. But that is a fallacy. Because a retail trader should be banking on strength of a trend which is factual rather than banking on a possibility of a bounce, which may lead to a reversal. Neither of the 2 are facts yet, they are possibilities. But the argument is from those people is that trends sometime have to finish, so I am good at seeing trend reversals. What I say to them is stop fulling yourself about becoming rich quickly looking for quick returns with minimum risk. Deleverage & go with proper weekly trends & have stops where no participant can reach ie above reaction highs, below reaction lows. And then just sit on your position like hen on eggs whilst keeping an eye on news and how price reacts to them news.
Prices oscillate, trends persist. Trend is your friend.
  • #213,606
  • Mar 19, 2010 9:54am Mar 19, 2010 9:54am
Quoting kuroro001
10 pips to go GS...
Combine S2 with .3500 and we should see some support.

I said should.

Mike
  • #213,607
  • Mar 19, 2010 9:57am Mar 19, 2010 9:57am
Quoting acumen
Combine S2 with .3500 and we should see some support.

I said should.

Mike
What price do you have for S2

Thanks
  • #213,608
  • Mar 19, 2010 9:58am Mar 19, 2010 9:58am
it's the 61% fib of the 2009 upmove
  • #213,609
  • Mar 19, 2010 9:58am Mar 19, 2010 9:58am
Quoting FXTheOne
I wonder..EU is going down..Why some guys take long? Why do they wanna grab the falling knife, to pick the bottom that much? Then keep complaining about their loss in here... You know..Forex market has taught me alot.. One of those is "trade what you see, don't trade what you think".. and "don't bet the trend, ride it"... If you go in here and find idea which can support your idea, to distort the truth that you are wrong this time, to convince that you're right, right.. so you will keep losing again and again.... JUST SIMPLY RIDE THE TREND
well said..
I'm learning to trust my own charts..
  • #213,610
  • Mar 19, 2010 10:02am Mar 19, 2010 10:02am
I use to think exactly what you wrote. I was THE MAN I thought I knew exactly where the trend would end and where a new one would begin. Well after blowing several accounts and trying to 'outsmart' the market I realized that I, like you said, was betting on possibilities and not trading on facts--which was staring me right in the face.

Trading with that perspective and proper MM has been in my experience the healthy way to trade. [ along with exercise and a good diet of course.
]

Quoting jsspmk
The main reason why people catch falling knives is because they believe that by doing so they can have a small stop therefore won't lose much on any 1 trade. But that is a fallacy. Because a retail trader should be banking on strength of a trend which is factual rather than banking on a possibility of a bounce, which may lead to a reversal. Neither of the 2 are facts yet, they are possibilities. But the argument is from those people is that trends sometime have to finish, so I am good at seeing trend reversals. What I say to them is stop fulling...
  • #213,611
  • Mar 19, 2010 10:04am Mar 19, 2010 10:04am
Quoting homestudy
What price do you have for S2

Thanks
.3490
  • #213,612
  • Mar 19, 2010 10:06am Mar 19, 2010 10:06am
Quoting jsspmk
The main reason why people catch falling knives is because they believe that by doing so they can have a small stop therefore won't lose much on any 1 trade..
We'll talk about that next week.. I don't see no f* trend on

H4, which tells me if it can go from 1.38 to 1.34 then it could

go from 1.34 to 1.38 with about same probability..

Here is your trend which is friend LOL

BUY LOW SELL HIGH
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Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #213,613
  • Mar 19, 2010 10:07am Mar 19, 2010 10:07am
Quoting england33
I'm thinking long here.
I'm with you.

http://pcinternational.co.uk/wp-cont...3/eurusd13.gif

Do not focus on making money; focus on protecting what you have.
  • #213,614
  • Mar 19, 2010 10:08am Mar 19, 2010 10:08am
Quoting Why Oh Why
I'm with you.




That's a lot of longs....well i think i got as much longs as you ...probably on every same levels

Good luck to you
COT: The precious data ignored
  • #213,615
  • Edited 10:10am Mar 19, 2010 10:09am | Edited 10:10am
Quoting essenza
what class of dog TC, i used to have a pitbull, pretty vulnerable when below 1.5 month but after 3 month he is one f***'n little bastard , the last time i saw him he is quite strong to defeat me in pull play. I name him Figo after protugal playmaker Luis Figo. Hmm i think almost all my dog i name them after football player
excuse the late answer but I stopped trading as we have here a public holiday and I went to the bar to meet friends and enjoy the sun.
The dog is 3 1/2 month old Labrodor and very adorable(also a devil) we called him Marley and its spot on. I train him a lot so when e gets bigger he will be very controllable. Also I live directly at the sea so lots of swimming in summer for him and me(even during trading 4 sure).

As expected stocks sold of for the weekend, today was/is a short day for € altogether I got my pips and will enjoy the weekend. Take care and trade save. Till Sunday.
T.Cat
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Trade on your own risk Plan your trade&trade your plan dont be a
  • #213,616
  • Mar 19, 2010 10:11am Mar 19, 2010 10:11am
S1 2MID is still intact taking a Short here and hoping for 1.3490 kinda risky for 25 pips gain.... Staying on the side lines until either S1 2MID is totally violated or pierced.
  • #213,617
  • Mar 19, 2010 10:12am Mar 19, 2010 10:12am
I wanna some MORE
malcolmb seems u will lose the Bet
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  • #213,618
  • Mar 19, 2010 10:12am Mar 19, 2010 10:12am
I am in long
€.
  • #213,619
  • Mar 19, 2010 10:12am Mar 19, 2010 10:12am
Ok all friends... This PA possible to break 13489 and going to 13450 levels ....This scenario happens many times, why not now again, after so hard push from 13800 levels...I am not trading for now...sure I am not so sure if we will go more down..also not sure to go long now...I need to see a trend change..a real trend change !!! 4h with confirmed signals on my chart..That means pausa until monday and if the aisan would show me something monday I will trade..13 red candles in a row big time frame is enough for me , green can come soon
" Accepting losses is the most important single investment devise "
  • #213,620
  • Mar 19, 2010 10:13am Mar 19, 2010 10:13am
Quoting kuroro001
That's a lot of longs....well i think i got as much longs as you ...probably on every same levels

Good luck to you
Ta Kuro. Live positions on EURUSD in signature. You'll see my trading platform. 1 second delay.
Do not focus on making money; focus on protecting what you have.
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