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  • #221,321
  • Apr 6, 2010 8:37pm Apr 6, 2010 8:37pm
Anyone longing EURO now?

Will SPAIN crisis get worse?
  • #221,322
  • Apr 6, 2010 8:41pm Apr 6, 2010 8:41pm
anyone watching euro yen ?
Andreyou
  • #221,323
  • Apr 6, 2010 8:42pm Apr 6, 2010 8:42pm
banking 51 on my EJ trade and will continue to buy Asian pullbacks..
  • #221,324
  • Apr 6, 2010 8:44pm Apr 6, 2010 8:44pm
heikin ashi looks like another good tool Gator. thanks
Disclaimer: Check your 1m charts
  • #221,325
  • Apr 6, 2010 8:46pm Apr 6, 2010 8:46pm
Quoting gatorinla
never enter at market

That is so true! Then there are guys out there without even a sl ...
Sometimes I lose. Sometimes the others win.
  • #221,326
  • Apr 6, 2010 8:47pm Apr 6, 2010 8:47pm
Quoting Mr Hatch
ha, that's why you said in november it's about time. i was looking at that candle-stick and seeing nothing but a green body. heikin ashi tells a completely different story. very nice.
if you want to scalp.. do it at the times we move. on a 5m chart study the commodity index channel (cic) for entry.. but its better with fibs.. mix this with the candles.. on cic set up 100 0 and -100.. only enter in your trade direction when line touches either the 100 or -100... study older charts to grasp this pattern..

atm its saying lower on the 5.. but asian is not the best time..

now you go teach others.. i suck at teaching
those who can, do. those who cant, talk about those who can
  • #221,327
  • Apr 6, 2010 8:47pm Apr 6, 2010 8:47pm
Quoting tradedragon
Anyone longing EURO now?

Will SPAIN crisis get worse?
My cable long hit BE but I reloaded it.
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Founder of Sutherland Wave Principle
  • #221,328
  • Apr 6, 2010 8:51pm Apr 6, 2010 8:51pm
both euro yen and us yen hit the upper limit... and stalled at yesterday s morning high... well while i was typing euro broke that higher limit... might load longs on retrace
Andreyou
  • #221,329
  • Apr 6, 2010 8:53pm Apr 6, 2010 8:53pm
Quoting suthmo
My cable long hit BE but I reloaded it.
I hope that is demo.

Even if it is, you are overleveraged.

4 lots

3000$

If you argue that you are scalping then I might let it pass. But I probably would still say you are overleveraged.

But upon looking at your SL and TP, you definately are not scalping.

GL brotha
  • #221,330
  • Apr 6, 2010 8:55pm Apr 6, 2010 8:55pm
Quoting gatorinla
now you go teach others.. i suck at teaching
you don't, old man.
  • #221,331
  • Apr 6, 2010 8:55pm Apr 6, 2010 8:55pm
I would really need your help. I opened friday, two longs on eurusd,starting from about 1.3500,and hoping it will go up to (what i saw it could be) the next ressistance,somwhere arround 1.3800.
Bad luck, it went straight down, and i had to open another 2 transactions on short,so that the loss would not be so big.

What is your advice for me? to close the transactions on long, or still hope it will reach 1.3700- 1.3800?

I'd really appreciate a good answer
  • #221,332
  • Apr 6, 2010 9:01pm Apr 6, 2010 9:01pm
Quoting Pippy5000
Everyone's advice is useless, including mine.. and you should slap my mom and dad for giving birth to me.. That's the attitude you should have..
Lol. I say always, stay away from the crowd as far as possible. Or you will just get what the crowd gets: Losses, brainwashing and rules for the fast path to the slaughterhouse.

Best regards to a citizen of my second home town btw.
Sometimes I lose. Sometimes the others win.
  • #221,333
  • Apr 6, 2010 9:03pm Apr 6, 2010 9:03pm
Quoting thelws
I hope that is demo.
I knew someone would point that out. It occurred to me when I placed 2nd trade hours ago. Then a few seconds after posting I noticed the $ amount of margin. Money management would only allow (1) 4 lot position in my live account with 3000. I would only risk 6% of total account in a sl.
Founder of Sutherland Wave Principle
  • #221,334
  • Apr 6, 2010 9:03pm Apr 6, 2010 9:03pm
Quoting thelws
I hope that is demo.

Even if it is, you are overleveraged.

4 lots

3000$

If you argue that you are scalping then I might let it pass. But I probably would still say you are overleveraged.

But upon looking at your SL and TP, you definately are not scalping.

GL brotha

He may be right, and he may be playing with fake money. If he's not on either------- I got him covered.

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  • #221,335
  • Apr 6, 2010 9:05pm Apr 6, 2010 9:05pm
Quoting gatorinla
if you want to scalp.. do it at the times we move. on a 5m chart study the commodity index channel (cic) for entry.. but its better with fibs.. mix this with the candles.. on cic set up 100 0 and -100.. only enter in your trade direction when line touches either the 100 or -100... study older charts to grasp this pattern..

atm its saying lower on the 5.. but asian is not the best time..

now you go teach others.. i suck at teaching
like that. now watch the candles..sl would go to be
those who can, do. those who cant, talk about those who can
  • #221,336
  • Apr 6, 2010 9:13pm Apr 6, 2010 9:13pm
let's see if we get a retest on 75.
  • #221,337
  • Apr 6, 2010 9:14pm Apr 6, 2010 9:14pm
Is 75 old support or just one of those nos.
  • #221,338
  • Edited 10:38pm Apr 6, 2010 9:17pm | Edited 10:38pm
Quoting catalin_tm
I would really need your help. I opened friday, two longs on eurusd,starting from about 1.3500,and hoping it will go up to (what i saw it could be) the next ressistance,somwhere arround 1.3800.
Bad luck, it went straight down, and i had to open another 2 transactions on short,so that the loss would not be so big.

What is your advice for me? to close the transactions on long, or still hope it will reach 1.3700- 1.3800?

I'd really appreciate a good answer
No advice. I just would close those longs as soon it is at a point where you expect a downward reversal. The number is up to you.

Hope is not enuf to ride some trades. Next time use a tight sl. Just my 2 cents.

edit: It could also be that price comes back. But there is no guarantee. I would not expect it. The bigger downmove tl is closing this 1.35 window soon. If it breakes then you will be lucky. Not very likely soon in my opinion, though. Italy, Spain, ...

edit2: Don't forget to set a sl now on those long trades. If the eur drops like a brick you save some money or the account.
Sometimes I lose. Sometimes the others win.
  • #221,339
  • Apr 6, 2010 9:26pm Apr 6, 2010 9:26pm
Got the 3345 level Hatch Happy Days. My S Levels are slightly off on my indi
Disclaimer: Check your 1m charts
  • #221,340
  • Apr 6, 2010 9:29pm Apr 6, 2010 9:29pm
Quoting pipper
Got the 3345 level Hatch Happy Days. My S Levels are slightly off on my indi
well done.
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