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  • #221,001
  • Edited 9:28am Apr 6, 2010 9:17am | Edited 9:28am
man that euro/cad has been so sweet.. euro/kiwi not so good.. but its got a big tl above where i will sell a little more. looking to hold below that tl for the interest forever..that tl may help the death spiral for euro

risk is the bear wedge its building. above the tl im out
those who can, do. those who cant, talk about those who can
  • #221,002
  • Apr 6, 2010 9:17am Apr 6, 2010 9:17am
Quoting jp09
haha hvae done that already don't worry! looks like im going to have to be patient to break even! otherwise will enter short again at 400 if it retraces up that far
It probably will. However it shouldn't go very far above 400. Right now the consolidation have been trading just under 400. It is very possible that prices will retest the 400 mark. If it does, it is time for me to get out lol
  • #221,003
  • Apr 6, 2010 9:18am Apr 6, 2010 9:18am
3390 is my 38.2 of daily fib short there?
  • #221,004
  • Apr 6, 2010 9:18am Apr 6, 2010 9:18am
Quoting jp09
haha hvae done that already don't worry! looks like im going to have to be patient to break even! otherwise will enter short again at 400 if it retraces up that far
i have order once we break the recent low at 55...order at 48
  • #221,005
  • Apr 6, 2010 9:19am Apr 6, 2010 9:19am
Quoting thelws
It probably will. However it shouldn't go very far above 400. Right now the consolidation have been trading just under 400. It is very possible that prices will retest the 400 mark. If it does, it is time for me to get out lol
why get out then when it could go down further than the lows? your BE around there or something?
  • #221,006
  • Apr 6, 2010 9:20am Apr 6, 2010 9:20am
Quoting Maeglin
3390 is my 38.2 of daily fib short there?
Its somewhere near there. But I'd give some allowance for variance. I have my stops set to 1.3410
  • #221,007
  • Apr 6, 2010 9:21am Apr 6, 2010 9:21am
Quoting SkyzerFX
Typical FOMC day.. You can check history, EU always plunge on the

FOMC day "just in case".. Wait till 2:30 then we'll see.
Yes , I have seen it also but still long time to take in consideration & if it fails to respect market aspiration we may see bull action from any level the market stop before the event ,otherwise continue tank today & next.
Hope it will do what doing before it.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #221,008
  • Apr 6, 2010 9:21am Apr 6, 2010 9:21am
Quoting jp09
why get out then when it could go down further than the lows? your BE around there or something?
Lol i reread my post and it made no sense haha. I meant to say that I have my stop slightly above 400. If it does go that far above 400 then it is time for me to go.

Now that sounds better
  • #221,009
  • Apr 6, 2010 9:21am Apr 6, 2010 9:21am
Quoting Maeglin
3390 is my 38.2 of daily fib short there?
i'm a bit prudent right now, because of gold...
  • #221,010
  • Apr 6, 2010 9:24am Apr 6, 2010 9:24am
Quoting gatorinla
man that euro/cad has been so sweet.. euro/kiwi not so good.. but its got a big tl above where i will sell a little more. looking to hold below that tl for the interest forever..that tl may help the death spiral for euro
Yeah, I thought of that trade you took a few days ago on the E/C and kicked myself yesterday when I noticed how far it had already fallen before the EU really started to heat up. I don't normally trade the exotic pairs that often so I didn't take it but I may have to start watching them and how they act.

Good job.
  • #221,011
  • Apr 6, 2010 9:25am Apr 6, 2010 9:25am
Quoting SkyzerFX
Exactly when EU will move higher then I'll start Selling it at some point..

Instead of Selling LOW and buying high, I Buy low and Sell high- timing is

always the problem because nobody knows, where is exactly the highest and

lowest.

But I can guess let's say within 200 pips, it's easier then just place 1 trade

and keep bailing out every time it moves against you 20 pips.

Like Cable for example.. Short ones not high enough but it went only about

100 pips above, and now finally tanking. My pick miss...
from your previous hundreds of posts, you do not buy low and sell high so quit saying you do. If you need 200 pips of averaging, you OBVIOUSLY arent making money cause ur trading .01 per pip or ur demo...WHO ARE YOU KIDDING?! NO ONE! ive seen you do some good analysis, but them its like you go against everything and go back to ur bias bs. Youre making this so hard on urself. Its not hard to catch great entries, its done trust me, why not BE PATIENT and wait for good entries?
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  • #221,012
  • Apr 6, 2010 9:26am Apr 6, 2010 9:26am
I see some bullish divergence building up on the M30. Test of overnight consolidation likely.
  • #221,013
  • Apr 6, 2010 9:27am Apr 6, 2010 9:27am
Quoting jp09
why get out then when it could go down further than the lows? your BE around there or something?
4 hour chart is in bear phase, holding short based on 4 hour chart's signal is still valid
Prices oscillate, trends persist. Trend is your friend.
  • #221,014
  • Apr 6, 2010 9:28am Apr 6, 2010 9:28am
Quoting mfoste1
from your previous hundreds of posts, you do not buy low and sell high so quit saying you do. If you need 200 pips of averaging, you OBVIOUSLY arent making money cause ur trading .01 per pip or ur demo...WHO ARE YOU KIDDING?! NO ONE! ive seen you do some good analysis, but them its like you go against everything and go back to ur bias bs. Youre making this so hard on urself. Its not hard to catch great entries, its done trust me, why not BE PATIENT and wait for good entries?
wrong thread?

cable is <---
  • #221,015
  • Apr 6, 2010 9:29am Apr 6, 2010 9:29am
There is no patience because it's a video game to most of these newbies with fake money. Whereas *some* of us here consider it a business.
  • #221,016
  • Apr 6, 2010 9:32am Apr 6, 2010 9:32am
Quoting SkyzerFX
But I can guess let's say within 200 pips... and keep bailing out every time it moves against you 20 pips...
200 pips? Well I guess that explains it then... Silly me/us, whatever.

Check my LIVE entries HERE on the only 2 EU trades I've made since April 1 according to the time stamp (IBFX borker on GMT time) on the SELL trade entries and find where I "bailed" at 20 pips or even remotely needed to. Max drawdown on first entry was 13 pips and the second one was 1 pip... check the damn charts. Orders based on simple PA and EU Psych levels...

Overtrading? I don't think so...

I'm sure there's plenty of other Sell orders in this Room in the same neighborhood or even better... it ain't Rocket Freakin' Science.

Not every one needs a +200 pip SL to trade or generate some Coin... and this Room is full of the Proof of that.
FUBAR...
  • #221,017
  • Apr 6, 2010 9:34am Apr 6, 2010 9:34am
almost reaches the fib line and goes down again
  • #221,018
  • Apr 6, 2010 9:37am Apr 6, 2010 9:37am
Honestly, I want the retrace to happen faster. I'd be more happy if it moved high enough by the end of this hour so that the trend can resume itself.

Unfortunately for it to go further down, it has to go up first. I haven't really seen it go up yet -_-.
  • #221,019
  • Apr 6, 2010 9:38am Apr 6, 2010 9:38am
Quoting mfoste1
from your previous hundreds of posts, you do not buy low and sell high so quit saying you do. If you need 200 pips of averaging, you OBVIOUSLY arent making money cause ur trading .01 per pip or ur demo...WHO ARE YOU KIDDING?! NO ONE!
I don't care what you are trading, when you trading and where you trading

And you telling me what I'm trading on what account and what I'm making..

Mind your own Business and find some other subject to talk about it.

You can pick on everyone else here as well, cause obviously 95% traders you see below

loosing money, regardless of the system they are using, that's the fact.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #221,020
  • Apr 6, 2010 9:41am Apr 6, 2010 9:41am
Quoting ak4x
200 pips? Well I guess that explains it then... Silly me/us, whatever.

Check my LIVE entries HERE on the only 2 EU trades I've made since April 1 according to the time stamp (IBFX borker on GMT time) on the SELL trade entries and find where I "bailed" at 20 pips or even remotely needed to. Max drawdown on first entry was 13 pips and the second one was 1 pip... check the damn charts. Orders based on simple PA and EU Psych levels...

Overtrading? I don't think so......
Ak, I'm sorry man...that's just horrible, truly. What a crappy way to trade....I mean, you didn't even have the wonderful experience of ridiculous drawdown.

Great job!
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