Really, please please...I can't take anymore....
- #12,325
- Apr 7, 2010 2:57pm Apr 7, 2010 2:57pm
- | Commercial User | Joined Sep 2008 | 2,498 Posts
ok guys here is the deal , i dun like this pair, and i dun like this signal and even the daily chart doesn't look good for supporting this entry
but why not to lose some money
not me for sure it is you to lose this trade
if you feel that you must give some pip go with this signal , if you dun feel that you wanna give these pips to the market you can PM them to me
good luck
I AM NOT IN THIS ENTRYYYYYYY
but why not to lose some money
not me for sure it is you to lose this trade if you feel that you must give some pip go with this signal , if you dun feel that you wanna give these pips to the market you can PM them to me
good luck
I AM NOT IN THIS ENTRYYYYYYY
ok guys here is the deal , i dun like this pair, and i dun like this signal and even the daily chart doesn't look good for supporting this entry
but why not to lose some money
if you feel that you must give some pip go with this signal , if you dun feel that you wanna give these pips to the market you can PM them to me
good luck
I AM NOT IN THIS ENTRYYYYYYY
- #12,328
- Apr 7, 2010 3:23pm Apr 7, 2010 3:23pm
ok guys here is the deal , i dun like this pair, and i dun like this signal and even the daily chart doesn't look good for supporting this entry
but why not to lose some money
if you feel that you must give some pip go with this signal , if you dun feel that you wanna give these pips to the market you can PM them to me
good luck
I AM NOT IN THIS ENTRYYYYYYY
- #12,338
- Apr 8, 2010 1:30am Apr 8, 2010 1:30am
Good morning all,
Looks like the E/U position from yesterday may hit the initial target of 1.3300 if current sentiment continues. With the worries about the Greek economy far from over and Trichet to speak on ECB rate policy later today there is every chance we will see the E/U in the 1.32's in the near term.
My SL is still at B/E as I have been away from the computer until now however I will look to move it down to a level 10pips above the KS once we approach the 1.3300 psychologically important number. The KS is right near the daily pivot point at present so it will provide decent resistance IMHO.
For those who were getting a little shakey yesterday as the market took a while to move, congrats for holding in there and welcome to the beauty of the longer TFs for trades. If the price approaches the 1.3300 level do not be surprised to see it make a couple of attempts at it with minor reversals back to the 133.30-40 level as the move gains momentum.
Will be looking at other pairs during the morning (London time) to see if we have any other opportunities in the making at the moment.
The E/G is showing the makings of a sell opportunity with the weekly kumo base being the key level of support that price needs to clear. For anyone considering this trade who is also in the E/U trade just remember that you are essentially doubling your risk exposure by trading two EUR sell positions simultaneously. If you have both positions open at 2% of account equity you are double a level that good MM suggests (no more than 2% in any one trade). If you feel it necessary to trade both then try cutting your E/U position to half the size - that is of course assuming that the E/G actually provides us with a signal
For this reason I will not be opening a trade in E/G myself until we have seen completion of the E/U trade that is open.
Cheers,
4x.
EDITED - looks like the first test of 1.3300 might be happening as I type this, hang in there
Looks like the E/U position from yesterday may hit the initial target of 1.3300 if current sentiment continues. With the worries about the Greek economy far from over and Trichet to speak on ECB rate policy later today there is every chance we will see the E/U in the 1.32's in the near term.
My SL is still at B/E as I have been away from the computer until now however I will look to move it down to a level 10pips above the KS once we approach the 1.3300 psychologically important number. The KS is right near the daily pivot point at present so it will provide decent resistance IMHO.
For those who were getting a little shakey yesterday as the market took a while to move, congrats for holding in there and welcome to the beauty of the longer TFs for trades. If the price approaches the 1.3300 level do not be surprised to see it make a couple of attempts at it with minor reversals back to the 133.30-40 level as the move gains momentum.
Will be looking at other pairs during the morning (London time) to see if we have any other opportunities in the making at the moment.
The E/G is showing the makings of a sell opportunity with the weekly kumo base being the key level of support that price needs to clear. For anyone considering this trade who is also in the E/U trade just remember that you are essentially doubling your risk exposure by trading two EUR sell positions simultaneously. If you have both positions open at 2% of account equity you are double a level that good MM suggests (no more than 2% in any one trade). If you feel it necessary to trade both then try cutting your E/U position to half the size - that is of course assuming that the E/G actually provides us with a signal
For this reason I will not be opening a trade in E/G myself until we have seen completion of the E/U trade that is open.
Cheers,
4x.
EDITED - looks like the first test of 1.3300 might be happening as I type this, hang in there
