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EURUSD

  • #220,781
  • Apr 5, 2010 11:35pm Apr 5, 2010 11:35pm
Quoting 2+2=4ex
okay lets try this again why not, f*k it.

entry: 3431

tp: 3441
sl: 3425

doubled lots from last trade
Don't trade with feelings attached man. Don't revenge trade. Doubling like this is a sign of wavering discipline.
  • #220,782
  • Apr 5, 2010 11:37pm Apr 5, 2010 11:37pm
good morning
Good to see € where I left it 3.30hrs ago my low was 3420, but it took ages to get there. Will take it very easy today trading as the night trade did my pipage for the day.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #220,783
  • Apr 5, 2010 11:39pm Apr 5, 2010 11:39pm
ok. it looks like it wants to continue to short.
  • #220,784
  • Apr 5, 2010 11:40pm Apr 5, 2010 11:40pm
Quoting 2+2=4ex
okay lets try this again why not, f*k it.

entry: 3431

tp: 3441
sl: 3425

doubled lots from last trade
hope it works better next time.Its always hard during news time maybe S2 3415 will stop it from falling.....
Trade on your own risk Plan your trade&trade your plan dont be a
  • #220,785
  • Apr 5, 2010 11:41pm Apr 5, 2010 11:41pm
ok. got a 10 pip shortglad that's done.
  • #220,786
  • Apr 5, 2010 11:42pm Apr 5, 2010 11:42pm
Quoting TheLastCoke
Nothing really special honestly, just this two small parrallel channel converging. Adding at .3415, tight SL

Attachment
Done.
  • #220,787
  • Apr 5, 2010 11:49pm Apr 5, 2010 11:49pm
Quoting thelws
Don't trade with feelings attached man. Don't revenge trade. Doubling like this is a sign of wavering discipline.
That had nothing to do with feelings. Although reading my posts I can see how you may think it was. Just to be clear, I'm not one of the majority type and I say that in a humble manner for I once was. The reason I took that trade was because 3430 was stonewalling and I figured if it got up over it, then it may hold. Now the euro has shown weakness over the last 5.5 hours, which is why I had a 6 pip sl.

I play probabilities based on the risk versus reward. If the same set up comes along in a month from now I will take it again. My rules & technique don't take feelings (which I don't have anyway) into account.
  • #220,788
  • Apr 5, 2010 11:55pm Apr 5, 2010 11:55pm
Quoting 2+2=4ex
That had nothing to do with feelings. Although reading my posts I can see how you may think it was. Just to be clear, I'm not one of the majority type and I say that in a humble manner for I once was. The reason I took that trade was because 3430 was stonewalling and I figured if it got up over it, then it may hold. Now the euro has shown weakness over the last 5.5 hours, which is why I had a 6 pip sl.

I play probabilities based on the risk versus reward. If the same set up comes along in a month from now I will take it again. My rules & technique...
Everybody loose trades at times or otherway nobody can be right all time . calculated risk is all we can do for a profit. well said.

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #220,789
  • Apr 5, 2010 11:58pm Apr 5, 2010 11:58pm
Quoting Trading Cat
hope it works better next time.Its always hard during news time maybe S2 3415 will stop it from falling.....
I don't see a set up now in EU. I could play a short off 3422 with a stop loss at 3445 (since we already see it had a hell of a time climbing that ladder). But that would be trading with "feelings" and outside my technique. If the volume wasn't picking up over the next hour I would maybe scalp 3422 down to 3415 as many times over as I could, but the volume is rising. For now it's look at a couple other currencies, but I don't have any alerts on my board so I'm not expecting anything there either. Rule #1 in forex is be patient and willing to wait.
  • #220,790
  • Apr 6, 2010 12:02am Apr 6, 2010 12:02am
Quoting 2+2=4ex
I don't see a set up now in EU. I could play a short off 3422 with a stop loss at 3445 (since we already see it had a hell of a time climbing that ladder). But that would be trading with "feelings" and outside my technique. If the volume wasn't picking up over the next hour I would maybe scalp 3422 down to 3415 as many times over as I could, but the volume is rising. For now it's look at a couple other currencies, but I don't have any alerts on my board so I'm not expecting anything there either. Rule #1 in forex is be patient and willing to wait....
wise words, I personally dont see anything special in € either. WIll just wait and see no need to force a trade... let it come to you...
Trade on your own risk Plan your trade&trade your plan dont be a
  • #220,791
  • Apr 6, 2010 12:07am Apr 6, 2010 12:07am
Quoting 2+2=4ex
I don't see a set up now in EU. I could play a short off 3422 with a stop loss at 3445 (since we already see it had a hell of a time climbing that ladder). But that would be trading with "feelings" and outside my technique. If the volume wasn't picking up over the next hour I would maybe scalp 3422 down to 3415 as many times over as I could, but the volume is rising. For now it's look at a couple other currencies, but I don't have any alerts on my board so I'm not expecting anything there either. Rule #1 in forex is be patient and willing to wait....
hs perhaps working & expect 132 pips from 1.3462 & so 1.3378>15>1.3297 none can be ignored.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #220,792
  • Apr 6, 2010 12:07am Apr 6, 2010 12:07am
i honestly would have entered a long for a retracement here @S2, but euro's feet are tied to pots filled with concrete right now.
  • #220,793
  • Apr 6, 2010 12:11am Apr 6, 2010 12:11am
Quoting Mr Hatch
i honestly would have entered a long for a retracement here, but euro's feet are tied to pots filled with concrete right now.
but a 10piper is always in the potbounce/retrace from S2 and pivot works ... how often aaah yea around 90% hahaha, so why again didnt I do it??? guess I am still tired from last nights trade.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #220,794
  • Apr 6, 2010 12:11am Apr 6, 2010 12:11am
Quoting Mr Hatch
i honestly would have entered a long for a retracement here @S2, but euro's feet are tied to pots filled with concrete right now.
I hear ya Mr Hatch. It took 30 mins or so to hit the 440 level from 423 and less than 5 mins to come all the way back down.
  • #220,795
  • Apr 6, 2010 12:14am Apr 6, 2010 12:14am
Quoting Trading Cat
but a 10piper is always in the potbounce/retrace from S2 and pivot works ... how often aaah yea around 90% hahaha, so why again didnt I do it??? guess I am still tired from last nights trade.
no, no... i quit scalping... erm, at least i'm trying to. i'm much calmer taking 50-100 pips at 1$/pip than hunting for 5-10 pips @5$/pip, so i will wait for a retracement to take the train in the right direction again.
  • #220,796
  • Apr 6, 2010 12:14am Apr 6, 2010 12:14am
I'm contemplating a trade in AU. Short 1 lot at 9225, place pending order for another lot at 9275 and a 3rd pending at 9237 should it get there for 3 lots. I would place this order with no stop loss and a cumulative tp of +50 pips at which point all open trades and pending orders are closed.
  • #220,797
  • Apr 6, 2010 12:18am Apr 6, 2010 12:18am
Quoting Mr Hatch
no, no... i quit scalping... erm, at least i'm trying to. i'm much calmer taking 50-100 pips at 1$/pip than hunting for 5-10 pips @5$/pip, so i will wait for a retracement to take the train in the right direction again.
nice one yes I am trying to reach for more pipage as well but honestly if you can get 20pips per day (save) then there is no need for 50-100...
anyways good luck with that.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #220,798
  • Apr 6, 2010 12:20am Apr 6, 2010 12:20am
Quoting 2+2=4ex
I'm contemplating a trade in AU. Short 1 lot at 9225, place pending order for another lot at 9275 and a 3rd pending at 9237 should it get there for 3 lots. I would place this order with no stop loss and a cumulative tp of +50 pips at which point all open trades and pending orders are closed.
Euraud doing better job, strogest vs weakest , I have short here from yesterday morning to continue.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #220,799
  • Apr 6, 2010 12:29am Apr 6, 2010 12:29am
closed a part of my short @ 1.3420 - I still think that we should see also the 1.3380
Pecunia non olet
  • #220,800
  • Apr 6, 2010 12:40am Apr 6, 2010 12:40am
Quoting fontu
Euraud doing better job, strogest vs weakest , I have short here from yesterday morning to continue.
fontu
yea, but I like the AU set up better right now from a midterm technical standpoint. Okay here is the trade...

entry 1: 9225 (1 lot)
entry 2: 9275 (1 lot)(if reached)
entry 3: 9327 (3 lots)(if reached)

tp: +50 pips (when reached all open trades and pending orders closed)
sl: 9384 (2% of equity balance)
Attached Image (click to enlarge)
Click to Enlarge Name: au d 04-06-10.gif Size: 17 KB
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