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  • #214,681
  • Mar 23, 2010 2:53am Mar 23, 2010 2:53am
Quoting gatorinla
http://www.youtube.com/watch?v=PE3JapPi7hI
did we hit the iceberg already?
  • #214,682
  • Mar 23, 2010 2:53am Mar 23, 2010 2:53am
I am adding to my longs here and will add a little more if we drop to 1.3495.

I am expecting the day to go up from here and we may see 1.3635 region later today, early tomorrow.

i will most likely close out most of the long at that point and wait for a pullback to get in again. My stop loss is just below yesterdays low and i am fairly confident according to my system, that yesterdays low will hold for a few days.
  • #214,683
  • Mar 23, 2010 2:54am Mar 23, 2010 2:54am
Quoting gatorinla
tick tock
Yeah, no kidding... You see that move just now on the EC?


Edit: Only a matter of time before the Swiss trigger their stop loss on all that intervention they've been doing.
  • #214,684
  • Mar 23, 2010 2:55am Mar 23, 2010 2:55am
Quoting stallionez
I am adding to my longs here and will add a little more if we drop to 1.3495.

I am expecting the day to go up from here and we may see 1.3635 region later today, early tomorrow.

i will most likely close out most of the long at that point and wait for a pullback to get in again. My stop loss is just below yesterdays low and i am fairly confident according to my system, that yesterdays low will hold for a few days.
Morning everyone,

Same here stallionez....i'm just buying dips all the way up to 1.3625

Good luck to you
COT: The precious data ignored
  • #214,685
  • Mar 23, 2010 2:57am Mar 23, 2010 2:57am
Quoting dag777
interesting article to read:

http://www.investorsinsight.com/blog...uperstate.aspx
interesting but for my liking a little to much drama. WE have this summit on Thursday Friday and as far as Merkel goes she said no conclusions will take place there. I guess wait and see and trade the charts all this political drama is for nothing the chart never lies and is always honest.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #214,686
  • Mar 23, 2010 2:58am Mar 23, 2010 2:58am
so whats the latest with greece i see we all wanna go south
  • #214,687
  • Mar 23, 2010 2:58am Mar 23, 2010 2:58am
Quoting stallionez
I am adding to my longs here and will add a little more if we drop to 1.3495.

I am expecting the day to go up from here and we may see 1.3635 region later today, early tomorrow.

i will most likely close out most of the long at that point and wait for a pullback to get in again. My stop loss is just below yesterdays low and i am fairly confident according to my system, that yesterdays low will hold for a few days.
What is your entry price?
  • #214,688
  • Mar 23, 2010 3:03am Mar 23, 2010 3:03am
Quoting mmccormac
Yeah, no kidding... You see that move just now on the EC?


Edit: Only a matter of time before the Swiss trigger their stop loss on all that intervention they've been doing.

thx for the heads up, you're correct, I did have that yellow fib backwords on that last chart...

Here is same chart but with right fib.

Attached Image (click to enlarge)
Click to Enlarge Name: delete post2.gif Size: 50 KB


@ Hatch,

Yeah the major fib lines definitely have significance. I just draw em' up off of that actionforex site and the add in the pivots and try and be patient.
  • #214,689
  • Mar 23, 2010 3:04am Mar 23, 2010 3:04am
Quoting Mathias83
your welcome. i'm glad you didnt see that as a personal attack on you no one is perfect, we do mistakes all the day, i did one a few minutes ago because i did not stick to my plan and entered far to late and my chances to get stopped out are higher than usual...
I mostly dont take anything in here as a personal attack especially when it comes to trading. I know I am not the worlds best trader and might never be, but I try to become a good trader who can survive on this work for a living. Its really hard and trading itself is the easiest the psychological part is much harder to master.
Anyways always trying to find more info to perform better and advice is always welcome.
Good trading and green pips to you.
T.Cat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #214,690
  • Mar 23, 2010 3:08am Mar 23, 2010 3:08am
Quoting Trading Cat
interesting but for my liking a little to much drama. WE have this summit on Thursday Friday and as far as Merkel goes she said no conclusions will take place there. I guess wait and see and trade the charts all this political drama is for nothing the chart never lies and is always honest.
yes, for the daytrading activities not determinant. But he (Prof. Sinn) has overview. Something that wasn´t said yet (or i have missed it):

The EU member states are too financially fragile to take on any flaky Greek debt. The actual Greek deficit is running at 16% of GDP, not 12% as previously reported. Greecehttp://images.intellitxt.com/ast/adT...lass_10x10.gif is in a deepening retraction, not a recovery, as previously claimed
  • #214,691
  • Mar 23, 2010 3:08am Mar 23, 2010 3:08am
Well it's all talk and no action at the moment re SNB intervention. Until this happens there's no clear sign the euro won't break it's weekly support level. Hourly chart still showing downward track in progress. I am cautiously long.
http://imarketnews.com/node/10682
SNB Hildebrand: Will Act Against Excessive Sfr-Euro Rise

FRANKFURT (MNI) - The Swiss National Bank will act decisively to prevent excessive appreciation of the Swiss franc against the euro in order to avert any potential deflation dangers, SNB President Philipp Hildebrand said Tuesday.
  • #214,692
  • Mar 23, 2010 3:09am Mar 23, 2010 3:09am
Quoting stunna29
What is your entry price?

I entered long yesterday at 1.3498 and closed 50% at 1.3557.

I have added at the 61.8% retrace at 1.3505.

i will add more if we break 1.3550
  • #214,693
  • Mar 23, 2010 3:12am Mar 23, 2010 3:12am
Quoting Mathias83
first mistake because in one of a thousand trades, you might be so convinced to be right with your decision that you hold on with the position and then hit a knock out...



2nd mistake to realise +1... i would always set it break-even. with 1 pip, you destroy your stats ->a smaller average win and a smaller probability of your trading system (if you have one) and in the end you get a wrong indication of how your system works.

just my thoughts

break even is just the same as not trading at all, it is a complete waste of time. I prefer consistent profit target every month or trading on big momentum so wait until you can see all the fundamental and technical is synchronized then go for it.
  • #214,694
  • Mar 23, 2010 3:15am Mar 23, 2010 3:15am
Quoting mmccormac
Yeah, no kidding... You see that move just now on the EC?


Edit: Only a matter of time before the Swiss trigger their stop loss on all that intervention they've been doing.
maybe they will throw in the towel..
those who can, do. those who cant, talk about those who can
  • #214,695
  • Mar 23, 2010 3:15am Mar 23, 2010 3:15am
Quoting essenza
break even is just the same as not trading at all, it is a complete waste of time. I prefer consistent profit target every month or trading on big momentum so wait until you can see all the fundamental and technical is synchronized then go for it.
BE is a win in my book.
  • #214,696
  • Mar 23, 2010 3:16am Mar 23, 2010 3:16am
Quoting dag777
did we hit the iceberg already?
2 years ago

at some point they will get burnt.
those who can, do. those who cant, talk about those who can
  • #214,697
  • Mar 23, 2010 3:18am Mar 23, 2010 3:18am
the only problem with BEven is that its real hard to withdraw that from your trading account, much less spend it......http://cdn.forexfactory.com/images/icons/icon10.gif



mm
He who hesitates is hesitant....which always leads to bad entries.
  • #214,698
  • Mar 23, 2010 3:18am Mar 23, 2010 3:18am
Quoting stallionez
I entered long yesterday at 1.3498 and closed 50% at 1.3557.

I have added at the 61.8% retrace at 1.3505.

i will add more if we break 1.3550
Hi mate,

excuse my comment, but when I look at your adding positions at 61.8%fib, isnt that a little dangerous? Yesterday I was short and had my sl just above 61.8% as this goes it normally does a full retrace... (thats not me saying I got that of Acumens vids) and yesterday it did not only a full retrace it also went further.
Also I dont see any signs for long at the moment we are below pivot between 50%-61.8%fib a break of either of them would determine a short term direction.

I am not in the market right now and might not even enter, but short looks better until we are above 3537.

Just my 2 pips dont kill me for it and good luck.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #214,699
  • Edited 3:48am Mar 23, 2010 3:20am | Edited 3:48am
Quoting gatorinla
2 years ago

at some point they will get burnt.

don't worry I got some Billy Mays Stop Leak Ender 2000.....she should be fixed up in no time......http://cdn.forexfactory.com/images/icons/icon10.gif


mm
He who hesitates is hesitant....which always leads to bad entries.
  • #214,700
  • Mar 23, 2010 3:20am Mar 23, 2010 3:20am
Quoting Mackeymax
the only problem with BEven is that its real hard to withdraw that from your trading account, much less spend it......http://cdn.forexfactory.com/images/icons/icon10.gif



mm

I agree but it also means that your trade went into profit, cause you pay spread then you had the reserve to close your trade b4 turning into a loss. I prefer winners, don't get me wrong but I just think that if you take a trade based on info given at the time, things change and you get out before a loss usually when you get out at BE.
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