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  • #251,641
  • Jun 2, 2010 11:01am Jun 2, 2010 11:01am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting sed34
i got clipped out of two scalps. I'm done with this pair for the day. see what the pound is up to.

yeah, no chance to make any pips under these conditions, but break out might follow soon, waiting for volatility
Being right is one, taking it from the table is two.
  • #251,642
  • Jun 2, 2010 11:02am Jun 2, 2010 11:02am
Quoting T@rantula
I shorted 112.35 2 hours ago and t/p at 111.80. Anything below 112.85 is good. Above it go for long
Got you thanks, I don't have too much exp. with the pair, but i like the look of the 15 min., and i've been scalping the heck out of it with shorts...
  • #251,643
  • Jun 2, 2010 11:04am Jun 2, 2010 11:04am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting JackintheBox
closed longs on Eur/Cad. Lost 3 days win average.
Today they got me.

This market is roulette and manipulated this time. Technical Issue doesn't make sense at all.
PA changed drastically, be prepared to get crushed in the field.
I'm off

bye Jack
Yeah, your right, I was at the swimming pool 2 hours ago, entered back home to see US data, should have stayed at the pool, more action there, bikinis and the like , am back off there or wait, market starts to move ...
Being right is one, taking it from the table is two.
  • #251,644
  • Edited 11:31am Jun 2, 2010 11:05am | Edited 11:31am
Quoting stevefx
Anyone have any opinions about shorting the EJ right now?
consolidation... like its gonna blow its top.. weekly wicks agree.. like a short term reversal of the lower move.. but the low was on a long term fib.. green levels.. wedges are rarely wrong.. and we have already breached this one.. 112.74 should blow off the top..




eu may follow
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those who can, do. those who cant, talk about those who can
  • #251,645
  • Jun 2, 2010 11:06am Jun 2, 2010 11:06am
nice spike
  • #251,646
  • Jun 2, 2010 11:06am Jun 2, 2010 11:06am
looks like the bastard finally decided to do something.
  • #251,647
  • Jun 2, 2010 11:07am Jun 2, 2010 11:07am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting stevefx
okay, thanks for the feedback
Good you stayed out of that short he
Being right is one, taking it from the table is two.
  • #251,648
  • Jun 2, 2010 11:09am Jun 2, 2010 11:09am
Sitting with buys only at every bottom for long time now without any close with green pips , want it 1.2286 for close first set . If break 1.2296 & hold then add again if not then take risky scalping shorts for some easy pips perhaps.Not know when will work but certain time is being short enough .
Still 1.2256/67 tl not broken why so expectation ? let them break first .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #251,649
  • Jun 2, 2010 11:10am Jun 2, 2010 11:10am
Well, is this a dejá vu of yesterday's move?
It sure looks like it
  • #251,650
  • Jun 2, 2010 11:11am Jun 2, 2010 11:11am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting sed34
looks like the bastard finally decided to do something.

yeah man, wtf, that where the most 3 BS hours of the month, oh, right, it is the beginning of the month, smart money flowing in
Being right is one, taking it from the table is two.
  • #251,651
  • Jun 2, 2010 11:11am Jun 2, 2010 11:11am
well, im waiting to short. ain't sure of exact price to short yet. still observing...

oh well, ima go for a smoke break first. cos i'll only short if 40/50 manage to hold price for awhile more. enough time for a stick
  • #251,652
  • Jun 2, 2010 11:16am Jun 2, 2010 11:16am
[first post alert]

Whew, I got in long @ 1.22058 and was waiting as it thrashed around sideways for a while.

You really think its going to go to 1.26?
  • #251,653
  • Jun 2, 2010 11:17am Jun 2, 2010 11:17am
Well this is the name of the game then, i am long at next dip.
They think they are smarter than I am.
  • #251,654
  • Jun 2, 2010 11:19am Jun 2, 2010 11:19am
Quoting gatorinla
consolidation... like its gonna blow its top.. weekly wicks agree.. like a short term reversal of the lower move.. but the low was on a long term fib.. green levels.. wedges are rarely wrong.. and we have already breached this one.. 112.74 should blow off the top..
Got you thanks for that.
  • #251,655
  • Jun 2, 2010 11:19am Jun 2, 2010 11:19am
Nice trick for bear is become successful
You cannot learn better without losing
  • #251,656
  • Jun 2, 2010 11:20am Jun 2, 2010 11:20am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting Clairvoyant
well, im waiting to short. ain't sure of exact price to short yet. still observing...

oh well, ima go for a smoke break first. cos i'll only short if 40/50 manage to hold price for awhile more. enough time for a stick
I have no stomach left for USD longs after 3 WTF hours, see chart.
Currently short USD/CHF since 1.1585 target open, will move SL by 10-15 pips.
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Being right is one, taking it from the table is two.
  • #251,657
  • Jun 2, 2010 11:21am Jun 2, 2010 11:21am
Quoting stevefx
Got you thanks, I don't have too much exp. with the pair, but i like the look of the 15 min., and i've been scalping the heck out of it with shorts...
NPS...I trade on H1..less entries..but good pips
  • #251,658
  • Jun 2, 2010 11:21am Jun 2, 2010 11:21am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting ricket
[first post alert]

Whew, I got in long @ 1.22058 and was waiting as it thrashed around sideways for a while.

You really think its going to go to 1.26?
Very good, do not forget to move your SL to break even in time or pan out your position. Do not let a winner run into a looser.

Welcome to FF.
Being right is one, taking it from the table is two.
  • #251,659
  • Jun 2, 2010 11:21am Jun 2, 2010 11:21am
i'll be long at next next dip. would like to see this short fails, as a confirmation.

but i'll still side e short-term short for now, till more confirmation.
  • #251,660
  • Jun 2, 2010 11:29am Jun 2, 2010 11:29am
Quoting Now
Very good, do not forget to move your SL to break even in time or pan out your position. Do not let a winner run into a looser.

Welcome to FF.
Thanks!

Currently SL is set at 1.22208 (15 pips) to take profits if it trails back that low. If it goes any lower. Hopefully it'll keep going higher.

Question: How reasonable is it to make a living trading currencies? Ive been following markets/economics/etc for a few years now so I'm pretty well read on what is going on financially around the world. I opened a demo forex.com account about a week ago, and after banking 17k in fake money in a matter of days, I decided to put some real money into it. So far so good. I lost a bit in the beginning due to trades being automatically closed out to meet margin (novice mistake that wasn't applicable in the demo account), but I have since doubled up funding in my account and have made back what I lost and worked my way to breakeven. With this latest trade I'm definitely in the green now.

If I'm able to put in a decent amount of effort and trade smart and efficiently, how well could one possibly do? How well have you all done? Were you able to quit your day jobs or come close?? With my demo account, and 50k in seed money, I could be a millionaire in a year! I know this is rare, but dang...it's highly tempting.

Also, do you recommend any good strategies that are a little more than conservative and slightly risky, but with big payoffs? I seem to be doing decent so far on raw intuition so I dont want to screw that up (haha), but I'd definitely like to get a little more capable in the arena of technical analysis.
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