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  • #1,401
  • Jun 3, 2010 8:18pm Jun 3, 2010 8:18pm
Quoting Pippy5000
ahh.. so essentially you use a sell stop with a huge stop loss and let things play out over several days or weeks?
Pretty much, but reverse order is at a proportional rate to average range expansion. Meaning if I expect range to expand by x3 congestion, my stop ought to be congestion range.
Prices oscillate, trends persist. Trend is your friend.
  • #1,402
  • Jun 4, 2010 1:32am Jun 4, 2010 1:32am
Quoting Pippy5000
Howdy Glyder.. get sick of T2W?
Hi Pippy, sorry, only just saw this msg ,
Yes, me too. It got a bit tiring over there.
I'm a slightly longer term trader, but enjoy your thread, I like its mix of straightforwardness with a bit of entertaining banter thrown in, so I hope you don;t mind me looking in from time to time....
If you can wait and not be tired by waiting...
  • #1,403
  • Jun 4, 2010 6:15am Jun 4, 2010 6:15am
and the euro attack begins...
  • #1,404
  • Jun 4, 2010 6:18am Jun 4, 2010 6:18am
Filled short 1.2110
Prices oscillate, trends persist. Trend is your friend.
  • #1,405
  • Jun 4, 2010 7:36am Jun 4, 2010 7:36am
and now the 120 level, the euro is toast
  • #1,406
  • Jun 4, 2010 7:39am Jun 4, 2010 7:39am
Quoting Countvonalti
and now the 120 level, the euro is toast
didn't it roll out around 1:1?
Prices oscillate, trends persist. Trend is your friend.
  • #1,407
  • Jun 4, 2010 7:45am Jun 4, 2010 7:45am
yep, stalemate but ultimately the euro is toasted. 120 could last for a while but they'll push through it sometime soon at a timing chosen by the big boys
  • #1,408
  • Jun 4, 2010 8:21am Jun 4, 2010 8:21am
that looked like a pretty smooth stop run through 1.211 .. There's supposed to be some decent support in the 1.19 ..
  • #1,409
  • Jun 4, 2010 8:39am Jun 4, 2010 8:39am
I'm also hearing there is option defense at 1.20

Glyder,

Feel free to post your longer term trades man..
  • #1,410
  • Jun 4, 2010 9:24am Jun 4, 2010 9:24am
I have no idea why Euro just popped but I'm short 1.2165 s/l -15
  • #1,411
  • Jun 4, 2010 9:33am Jun 4, 2010 9:33am
don't like it .. out with 8 pips after narrowly missing my stop.
  • #1,412
  • Jun 4, 2010 9:57am Jun 4, 2010 9:57am
I've managed 15 pips off three scalping trades but I can't bear the tension for a Friday afternoon...
  • #1,413
  • Jun 4, 2010 10:13am Jun 4, 2010 10:13am
I second guessed myself it seems and screwed myself out of 45 pips
  • #1,414
  • Jun 4, 2010 10:18am Jun 4, 2010 10:18am
I'm long 12027 with stop -10, just trying to scalp another few. I think they call this fishing for minnows!?
  • #1,415
  • Jun 4, 2010 10:23am Jun 4, 2010 10:23am
stopped out, drat! Beer time, have a good weekend folks!
  • #1,416
  • Jun 4, 2010 10:27am Jun 4, 2010 10:27am
long EU 1.2005 s/l -10
  • #1,417
  • Jun 4, 2010 10:35am Jun 4, 2010 10:35am
what an awful week..
  • #1,418
  • Jun 4, 2010 10:41am Jun 4, 2010 10:41am
oh.. and then the big boy bastard took profit right after breaking the level.. figures.
  • #1,419
  • Jun 4, 2010 10:52am Jun 4, 2010 10:52am
Quote
I'm long 12027 with stop -10, just trying to scalp another few. I think they call this fishing for minnows!?

fishing for minnows is fine with a 10 pip stop.. it's the guys who use 200 pip stops and take profit at 30 pips who are spitting into the wind.
  • #1,420
  • Jun 4, 2010 10:57am Jun 4, 2010 10:57am
And the battle of 120 rages. I wonder if they'll leave it to next week to finish it off, the London boys will be heading for their beers shortly
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