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EURUSD

  • #243,821
  • May 18, 2010 1:10pm May 18, 2010 1:10pm
Quoting gatorinla
0 or whenever banks stop trading it.

lol
  • #243,822
  • May 18, 2010 1:10pm May 18, 2010 1:10pm
Quoting podrilla
opinions wont kill..
lol, i was just kiddin. We are going down though and those targets that Gator gave you work..
  • #243,823
  • May 18, 2010 1:10pm May 18, 2010 1:10pm
maybe back to 1.2297 and then continue short?
Attached Image (click to enlarge)
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  • #243,824
  • May 18, 2010 1:11pm May 18, 2010 1:11pm
For people who missed entering this on break of TL, Don't enter unless this 4H or Hourly closes below 1.2249.
  • #243,825
  • May 18, 2010 1:11pm May 18, 2010 1:11pm
Quoting uraceulose
lol, i was just kiddin. We are going down though and those targets that Gator gave you work..
  • #243,826
  • May 18, 2010 1:12pm May 18, 2010 1:12pm
God, I'm really amazed how some of you can differentiate bounce from reversal in the real time. And some of you can even predict those bounces.

I can only do this when looking to the left...............or at the elephant jumping on a trampoline:

http://www.kuzyo.com/img/jumping-elephant.gif
  • #243,827
  • May 18, 2010 1:18pm May 18, 2010 1:18pm
Quoting T.E.Lawrence
God, I'm really amazed how some of you can differentiate bounce from reversal in the real time. And some of you can even predict those bounces.

I can only do this when looking to the left...............or at the elephant jumping on a trampoline:

http://www.kuzyo.com/img/jumping-elephant.gif


It's all relative to the TF you're looking @...when price comes down and touched S1, goes back up and then breaks...that's a bounce imo. Not a reversal...also I would add that the daily move has already been reversed..

It adds "confluence" or whatever you wanna call it if we close below the support level too.

this is 15M tf example

edit: if this was directed @ me lol
  • #243,828
  • Edited 1:24pm May 18, 2010 1:21pm | Edited 1:24pm
Quoting knoxxxalot
Hey guys,
last week i posted that i buy every dip in the euro - that was a costly mistake!

However i reversed my bias and joined the bearcamp @24.

I really thought this bailout bails the Euro out of the trouble, at least my br is alive and im in^^, of course with a little smile.
hmm am i the only one here who tried to pic a bottom?
cya
I just started last Friday to trade a method that is somewhat similar to "ThelastCoke" (poster here) and have had several profitable trades to date. But, I in the last few weeks, I did much, much worse than you in trying to pick a bottom. Every time I heard news on Bloomberg that Greece was to get a bailout then that Germany didn't want to go along, I'd go long, short, long, short and got hammered at every turn. So, I'm now more convinced than ever to just sell the rallies in a downtrend and fade the retracements again in an uptrend. I mean the trend on the daily chart.

I just took a 20 pip profit earlier today and still short expecting to exit later today or tomorrow.

EDIT: I should add "ThelastCoke" has the courage to do countertrend trades and according to his messages, I believe he his much more profitable than I am. I lost the courage to do countertrend trades. heheh
  • #243,829
  • May 18, 2010 1:21pm May 18, 2010 1:21pm
WTF happened ???
i went to drink some beers with my friends and when i came back this big drop was here... who died or what happened ?
  • #243,830
  • May 18, 2010 1:22pm May 18, 2010 1:22pm
Inserted Video


i found the fat finger.
those who can, do. those who cant, talk about those who can
  • #243,831
  • May 18, 2010 1:23pm May 18, 2010 1:23pm
Quoting rygel2001
WTF happened ???
i went to drink some beers with my friends and when i came back this big drop was here... who died or what happened ?
We all decided to just go "1, 2, 3 and all hit sell for 10 lots a piece at the same time"

easy money man
  • #243,832
  • May 18, 2010 1:23pm May 18, 2010 1:23pm
Quoting clambill
I just started last Friday to trade a method that is somewhat similar to "ThelastCoke" (poster here) and have had several profitable trades to date. But, I in the last few weeks, I did much, much worse than you in trying to pick a bottom. Every time I heard news on Bloomberg that Greece was to get a bailout then that Germany didn't want to go along, I'd go long, short, long, short and got hammered at every turn. So, I'm now more convinced than ever to just sell the rallies in a downtrend and fade the retracements again in an uptrend. I mean the...
Never get into a trade when you're not sure. You will end up changing bias all the time.

Sit down, and ask yourself what the chart is telling you, and be logical. If the price is going straight down, dont try to catch a falling knife. Wait for the price to develop and short it instead.

Good luck!
  • #243,833
  • May 18, 2010 1:26pm May 18, 2010 1:26pm
Quoting uraceulose
We all decided to just go "1, 2, 3 and all hit sell for 10 lots a piece at the same time"

easy money man
yeah but I was out getting coffee, I got SLed. lol!
  • #243,834
  • May 18, 2010 1:26pm May 18, 2010 1:26pm
Quoting gatorinla
Germany wants to have a world wide tax..on some market investment.. (some type of financial tax)
Yes- They never been lazy here to create new sorts of taxes:
Angela talks about

1.) finance market transaction tax
means on every transaction will be a tax - paying your tel.bill or power bill etc- for the normal Joe

and

2.) finance market activity tax

if bancs make to much profit they pay taxes


We already have the " Abgeltungssteuer " where we pay 25% of our profits made by money ( Trading, dividends, Interest etc.)

In some regions there is a balkon tax - window tax....

It's a shame.
This country has become so sick..
  • #243,835
  • May 18, 2010 1:26pm May 18, 2010 1:26pm
I must admit I got a bit carried away on Monday. Too many great set-ups, price moving perfectly lulled me into mis-management took too many positions result I had to cut a lot of positions in -ve.

Lost some profits made last week. Overall I am very angry at myself for being indisciplined when I keep ranting about MM.
  • #243,836
  • May 18, 2010 1:26pm May 18, 2010 1:26pm
this .2266 level

just let it fall
  • #243,837
  • May 18, 2010 1:27pm May 18, 2010 1:27pm
Quoting gatorinla
Germany wants to have a world wide tax..on some market investment.. (some type of financial tax)

yes, they talk about a finance transaction tax, but worldwide - hah i dont think so.

and whats worth if they ban german brokers from short selling, lol u get so easily accounts around the world.
  • #243,838
  • May 18, 2010 1:27pm May 18, 2010 1:27pm
Quoting kandarv
yeah but I was out getting coffee, I got SLed. lol!
don't worry, it stopped me out a couple times too...but they were both @ BE+ 5
  • #243,839
  • May 18, 2010 1:31pm May 18, 2010 1:31pm
Gold's UP. Looks like we're in panic mode.

Doesn't look good for EU
  • #243,840
  • May 18, 2010 1:33pm May 18, 2010 1:33pm
Quoting gatorinla
http://www.youtube.com/watch?v=bVBKo...eature=related

i found the fat finger.
Now explain to my kids and wife that this is a trading forum and why rectal exams are a vital part of technical analysis.
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