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  • #250,301
  • May 31, 2010 11:55am May 31, 2010 11:55am
Friends!

I want to take stock for a month, suggest/ what you think for me in which price i take stock and hold for better price.
Trade what you see, Not what you think.
  • #250,302
  • May 31, 2010 11:56am May 31, 2010 11:56am
Perfect sideways , bear back at support 1.2270 & still feel it will down at 1.2309 resistant to further down to 1.2246/33 or 1.2186 and in doing so there is no harm in the long in mind as utl also coming down to 1.2349/62 areas.so plan short at that level for a while when may reach or nearer .

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #250,303
  • May 31, 2010 12:05pm May 31, 2010 12:05pm
eu 1.20 likely?
  • #250,304
  • May 31, 2010 12:07pm May 31, 2010 12:07pm
Quoting goldfinger
eu 1.20 likely?
Yes
Every time you use 'hopium' in a post, God kills a kitten.
  • #250,305
  • May 31, 2010 12:08pm May 31, 2010 12:08pm
Quoting goldfinger
eu 1.20 likely?
should be not thinking so soon .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #250,306
  • May 31, 2010 12:12pm May 31, 2010 12:12pm
I don't know how you can be looking for 1.20, its bottomed out for now, and we will get a modest retracement. Unless we get some unexpected bad news.
  • #250,307
  • May 31, 2010 12:16pm May 31, 2010 12:16pm
Quoting kalparker
I don't know how you can be looking for 1.20, its bottomed out for now, and we will get a modest retracement. Unless we get some unexpected bad news.
OK, see you @ 1.1850 then.
Every time you use 'hopium' in a post, God kills a kitten.
  • #250,308
  • May 31, 2010 12:17pm May 31, 2010 12:17pm
Quoting profxtrader
OK, see you @ 1.1850 then.
Spain was downgraded. will it not impect euro?

thanks
  • #250,309
  • May 31, 2010 12:19pm May 31, 2010 12:19pm
Quoting forexings
still no clear direction
down maybe?
  • #250,310
  • May 31, 2010 12:41pm May 31, 2010 12:41pm
Quoting goldfinger
Spain was downgraded. will it not impect euro?

thanks
You can never tell with news. Initially it did.
Every time you use 'hopium' in a post, God kills a kitten.
  • #250,311
  • May 31, 2010 12:42pm May 31, 2010 12:42pm
Quoting No Stress
Short on UJ at 91.16 for testing at tight SL 91.32. First TP 90.70. I'll manage (pyramid) my trade when this TP will be reached. Last target: 89.2, if all is ok. 90.94 reached, i'll go short on EU and EJ. if market says no, it will be 16 pips loss only.

Good trading for all.
Up to now, looks like my calculation was correct: SL was very tight and at 2 pips to be triggered, but UJ comes back and trade is still here. Waiting for UJ to down at 90.94 and confirmation for that level to short EU.

The best trade in the world, is the free trade. SL will be locked at entry point when 90.93 will be touched. Risk is still 16 pips.
Nice to folow from now.
No Signal, No Trade. No fundamenals, No headache.
  • #250,312
  • May 31, 2010 12:44pm May 31, 2010 12:44pm
Quoting TEB63
I think we will get in a better price now then 55


teb

you mean may_28_high , right?;

I agree.
  • #250,313
  • May 31, 2010 1:29pm May 31, 2010 1:29pm
this thread was busier in the winter hollidays...
Andreyou
  • #250,314
  • May 31, 2010 1:29pm May 31, 2010 1:29pm
Quoting No Stress
The best trade in the world, is the free trade.
No trade is free, all actions we take have consequences. The faster we move up a stop, the lower the survivability of the trade; the slower we move it up, the more we stand to lose if the market moves against us.
  • #250,315
  • May 31, 2010 1:42pm May 31, 2010 1:42pm
ok as mentioned yesterday I was expecting some sellling action weakness at my dp 1,2330 , we saw this

price is ranging 1.2320 to 1.2270 right now .... using cams pivots H3 is sell line. and s1 is buy line

till price preaks out either of these market is ranging

those who ask if spain has been factored in or would move market .. that was friday and the 200 pip drop .

almost seem like we are seeing buyers off 1.2260 right now every time we come down there subtle spikes in the volume appear

Tomorrow everything is back to normal ....on ES we were getting strong buying off 1085 friday , that breaks we see 1050 , that holds we see 1100 / 1125 .

euro may act apart from es so just consdier its chart as any bad news is causing sudden drops , HOwever one thing I have noticed is that on a 15 min chart and due to euro being one of the highest vol currencies traded , these drops can be seen before they happen

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  • #250,316
  • May 31, 2010 1:45pm May 31, 2010 1:45pm
Quoting Mr J
No trade is free, all actions we take have consequences. The faster we move up a stop, the lower the survivability of the trade; the slower we move it up, the more we stand to lose if the market moves against us.
I mean by free trade, the trade which its SL is locked at entry point. Before that happens, we should take a calculeted risk.
I agree in theory on what you say, but the faster i move my SL to entry point without calculation, the faster i get out from the market. Moving my SL to entry point should follow some rules. Until now, i can not move my SL to entry point and still keepig my 16 pips risk. If i made it as faster as you said, i would be ejected from the market from some minutes ago. Still waiting if my calculation for downtrend is correct or not and this could be only with following some rules which upto now seems giving me right.
No Signal, No Trade. No fundamenals, No headache.
  • #250,317
  • May 31, 2010 1:49pm May 31, 2010 1:49pm
Hi malcolmb,

nice to see you, hope you are fine and everything is ok for you including green pips lol.
No Signal, No Trade. No fundamenals, No headache.
  • #250,318
  • May 31, 2010 1:50pm May 31, 2010 1:50pm
Quoting No Stress
I mean by free trade, the trade which its SL is locked at entry point. Before that happens, we should take a calculeted risk.
I agree in theory on what you say, but the faster i move my SL to entry point without calculation, the faster i get out from the market. Moving my SL to entry point should follow some rules. Until now, i can not move my SL to entry point and still keepig my 16 pips risk. If i made it as faster as you said, i would be ejected from the market from some minutes ago. Still waiting if my calculation for downtrend is correct or...
I'm not suggesting to move it faster, as I can't tell you how best for you to manage your stop. I'm just pointing out that nothing is free - all actions have a cost. Maybe I'm being a little picky over your use of the word "free", but it's said all the time that stop to BE becomes a free trade, when it is not.
  • #250,319
  • May 31, 2010 1:56pm May 31, 2010 1:56pm
Quoting No Stress
Hi malcolmb,

nice to see you, hope you are fine and everything is ok for you including green pips lol.

kind of enjoyed this more normal range day , taking 15 here , 23 there etc rather than enter a long trade with 60 pip stop , get stopped out one 5 min candle then long rips 250 pip ...lol
Blogging daily now at www.volume.zone
  • #250,320
  • May 31, 2010 2:09pm May 31, 2010 2:09pm
Quoting malcolmb14
kind of enjoyed this more normal range day , taking 15 here , 23 there etc rather than enter a long trade with 60 pip stop , get stopped out one 5 min candle then long rips 250 pip ...lol
You are totaly right. Today was special one. Bored up to 16h00.
But i used to use this strategy in active days also. I changed it with less drawdown, entering with 5mn and sometimes 1mn chart to follow a long trend after locking it at entry point. Sometimes i win, somtimes market said to me: no, not this time guy. Then i wait for an other opportunity.
At the beginning, it made me furious to follow this strategy, but after i fund that i ot many small losses before catching the real pivotal point and so, big win comes including pyramiding.

Trading should remain funny but with high concentration.
No Signal, No Trade. No fundamenals, No headache.
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