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  • #243,461
  • May 18, 2010 2:41am May 18, 2010 2:41am
Quoting billymoney
Large SL never work. It will never work. I got stop out 13 times on this bull and it is only -20pips. if I had a huge SL like 50pips, I would have -50pips by now...
that is so not true a large stop can work...it depends on a lot of more things then your stop., which I wont elaborate on now... but saying a large stop wont work is wrong in my opinion....
hope your trades work out later
Tcat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #243,462
  • May 18, 2010 2:41am May 18, 2010 2:41am
Ciao Guys, help needed.... I know nobody can know anything for sure, but I am in long from 1.2324... do you think I should close, or wait for another wave... I do not want to be neither greedy, nor silly. thanks a lot
  • #243,463
  • May 18, 2010 2:42am May 18, 2010 2:42am
Quoting Trading Cat
hehehe mate I know I never trade their signals only. Sometimes I take their entry area and maybe direction, but usually I trade whats in front of me. I have no position at the moment hence to the missed entry earlier. I am not a wave counter but please anyone who is correct me the current up move is wave 5 and should reach 2430-2448, might take a small scalp soon if 2400 becomes support??? Otherwise I load short on the top of the channel... € is still sick nothing changed.....
It IS still sick, but did you read this post from earlier today? Something to keep in the back of our minds........
Doing what you like is Freedom. Liking what you do is Happiness.
  • #243,464
  • May 18, 2010 2:42am May 18, 2010 2:42am
Trying another tiny long at 1,2400...we'll see where this one goes
COT: The precious data ignored
  • #243,465
  • May 18, 2010 2:42am May 18, 2010 2:42am
If .2400 becomes support then gonna try .2450 i think. We'll see...
  • #243,466
  • May 18, 2010 2:45am May 18, 2010 2:45am
Quoting mfoste1
http://www.forexfactory.com/showpost...stcount=243324

i like ur idea
Thanks , expecting the small camel to form the head ,so to fall towards 53 before bounce to ear level or up.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #243,467
  • May 18, 2010 2:47am May 18, 2010 2:47am
Quoting dxvas
Using MACD for divergence
you have a PM
Sorry, it was my fault. I looked on a few things at the same time and got it wrong.

You were right about those divergences.
big numbers are our friends...
  • #243,468
  • May 18, 2010 2:48am May 18, 2010 2:48am
Quoting realjumper
This signal service I speak of use SL's of 200 pips or more!!!
whats the average true range of € in normal conditions something like 150pips? Van Tharp in his books is recommending a 3xthe average true range with obvious adjustments during the trade, that would bring you up to 450pips hahahhaha look I am not saying a 450pip SL is the way to go not even 100pips is the way to go, but it depends on your target amount of time and money you have or are willing to dedicate. I had a good trade yesterday but put around 200pips sl,(actually it was a hedge if 200pips in minus) and made only 57pips I know the RR sucks but I took the trade anyway and it was safe really safe no stress at all. When I cant read the €$ good I used really tight sl 10-20pips so it also depends on your mind set anyway I can go on and on for hours when it comes to sl targets and all this stuff in the end its a mind thing really.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #243,469
  • May 18, 2010 2:48am May 18, 2010 2:48am
Quoting realjumper
It IS still sick, but did you read this post from earlier today? Something to keep in the back of our minds........
yes I did
Trade on your own risk Plan your trade&trade your plan dont be a
  • #243,470
  • May 18, 2010 2:50am May 18, 2010 2:50am
Quoting fontu
Thanks , expecting the small camel to form the head ,so to fall towards 53 before bounce to ear level or up.
fontu
ooh yea 53 would be nice to get a long with tight sl and small tp 10-20pips
Trade on your own risk Plan your trade&trade your plan dont be a
  • #243,471
  • May 18, 2010 2:52am May 18, 2010 2:52am
Quoting Trading Cat
whats the average true range of € in normal conditions something like 150pips? Van Tharp in his books is recommending a 3xthe average true range with obvious adjustments during the trade, that would bring you up to 450pips hahahhaha look I am not saying a 450pip SL is the way to go not even 100pips is the way to go, but it depends on your target amount of time and money you have or are willing to dedicate. I had a good trade yesterday but put around 200pips sl,(actually it was a hedge if 200pips in minus) and made only 57pips I know the RR sucks...
Absolutely TC, you're quite right. I feel for the newbies who might see these signal services as the 'best thing since sliced bread', but, generally speaking, newbies don't have accounts, or the nouse, to handle a 200 pip drawdown/loss......and my cynical side suggests that this is the precise reason that brokers do it!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #243,472
  • May 18, 2010 2:53am May 18, 2010 2:53am
How all your yesterday shorts, folks? Good?

"It must go down!", "Great place to short!", "It's going south from here, just watch it!"

Looks like we can treat this thread as some kind of a contrarian indicator.

Trading has never been easier! Just check the consenus at eur/usd thread, wait for "clear signals" and open position in the opposite direction.

Just braking your balls. What I'd like to point out is - "Markets can remain illogical longer than we can remain solvent".

Better to react than predict.

Cheers.
  • #243,473
  • May 18, 2010 2:54am May 18, 2010 2:54am
Just hit my trailling stop, made 60 pips, could have made more but still think was a nice trade.
  • #243,474
  • May 18, 2010 2:56am May 18, 2010 2:56am
shooting star forming on H1 @ M3 & 55EMA.
possible down again.
big numbers are our friends...
  • #243,475
  • May 18, 2010 2:57am May 18, 2010 2:57am
Quoting realjumper
Absolutely TC, you're quite right. I feel for the newbies who might see these signal services as the 'best thing since sliced bread', but, generally speaking, newbies don't have accounts, or the nouse, to handle a 200 pip drawdown/loss......and my cynical side suggests that this is the precise reason that brokers do it!!
good point I mean in every book you read they tell you not to follow any signal services still ppl tend to take them as pure gold.

It is the laziness and the urge to find the holy grail with no work needed.

Trading is sadly not like that there is a lot of work and lots of boring parts included, which makes me sometimes really nuts and wanting to work for someone instead of "wasting" my time at the computer hahhaha. With a lot of screen hours one starts to get the whole thing bit by bit. For me I hope I am just at the beginning of the long lasting journey.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #243,476
  • May 18, 2010 2:58am May 18, 2010 2:58am
London's guys playing with us ? i wonder if this is some kind of stop catching or a reversal
COT: The precious data ignored
  • #243,477
  • May 18, 2010 2:58am May 18, 2010 2:58am
Quoting Trading Cat
ooh yea 53 would be nice to get a long with tight sl and small tp 10-20pips
would be 53 /42 down & sl below 29 for target not a fully formed head but can break halfway suppose 81 as bigger one to extend the neck & expected 1.2281 again perhaps before the go.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #243,478
  • May 18, 2010 2:59am May 18, 2010 2:59am
Quoting T.E.Lawrence
How all your yesterday shorts, folks? Good?

"It must go down!", "Great place to short!", "It's going south from here, just watch it!"

Looks like we can treat this thread as some kind of a contrarian indicator.

Trading has never been easier! Just check the consenus at eur/usd thread, wait for "clear signals" and open position in the opposite direction.

Just braking your balls. What I'd like to point out is - "Markets can remain illogical longer than we can remain solvent".

Better to react than predict....
Yeah, too right. I place longs and shorts where I want.....I don't care what anyone says! I like to read the analysis from some very experienced traders on this forum, but at the end of the day, it's my money and my ass, so I'll place my trades where *I* want......and everyone should do the same.....imo
Doing what you like is Freedom. Liking what you do is Happiness.
  • #243,479
  • May 18, 2010 3:01am May 18, 2010 3:01am
Quoting Trading Cat
that is so not true a large stop can work...it depends on a lot of more things then your stop., which I wont elaborate on now... but saying a large stop wont work is wrong in my opinion....
hope your trades work out later
Tcat
work for me soo far. As u know. reentering only cost 0.9 pips in oanda, why bother holding it. better miss out a opportunity(if got taken out but market chose to turn around @ exact spot) than going red. Well thats just me... got back 43pips just now. I am nett 23pips in 1 trade after the 13 SL hit

Again cut ur loss small, let ur profit run.
  • #243,480
  • May 18, 2010 3:01am May 18, 2010 3:01am
doesnt look like the dp will be reached ...back up we go
Former Trader Of the Year of the 95% losing club! Retired
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