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  • #3,541
  • Jul 28, 2010 5:23am Jul 28, 2010 5:23am
I went short, where I meant to go long!!, I have locked in +2 pips.
  • #3,542
  • Jul 28, 2010 5:25am Jul 28, 2010 5:25am
Quoting codeman
Are you short guys?

I'am from 1.30043 and on BE now.
Should have been a long shouldn't it?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.PNG Size: 31 KB
  • #3,543
  • Jul 28, 2010 5:34am Jul 28, 2010 5:34am
Quoting BabeFX
Hi bigijs,

Right. But how are you going to trade it ?

You could wait for a bounce of the resistance line created by the London open & then place a stop just above this level.

Once you have learned the significance of, & how to trade the 3 main opens of the day you will always make money. Waiting for a 1 pip move is a complete waste of time & effort.

Regards.

BabeFX.

hey babefx, can you please show this on a chart? which resistance do you mean?
  • #3,544
  • Jul 28, 2010 5:48am Jul 28, 2010 5:48am
Quoting DanUK
Should have been a long shouldn't it?
Looks like a have to read the rules again. Thats i call a Lucky Error.
I was ready to went long, but some troubles with the Software i couldnt execute the trade right, on these time the Price went down, so i go down with it. Not the rules, sorry.

But on 1H chart i paint an dowards fork which underlay my decision. Some Kind of S/R Levels.y
  • #3,545
  • Jul 28, 2010 6:18am Jul 28, 2010 6:18am
What about just straddling the open 1 pip either way with a 2 pip or 0SL?
  • #3,546
  • Jul 28, 2010 6:32am Jul 28, 2010 6:32am
E/U Is having all kinds of problems breaking that psych level. On one hand, I think it'd almost be better to just wait this out until it breaks one way or another, but on the other hand it'll probably be a 140+ trade when it does break.

We just have to hang in there and know that it's comming sometime real soon.
  • #3,547
  • Jul 28, 2010 10:37am Jul 28, 2010 10:37am
guys I have to share something with you

I was at the grocery store and I saw people around the grapes lot picking grapes for like 15 mins.... choosing the best grapes one by one and when I Im saying 15 minutes, I'm NOT exaggerating because I had time to make my whole grocery list.

Some of them were selecting the most reds ones and others were even looking around because they were eating them ... taking advantage of some little pesticide. Anyways, it's not that I'm against it but and I have a lot of compassion for poor but I think those people are stupid.

I take time to choose my fruits, but I don't take 15 mins to pick up grapes... I look at the bag and select it in less than 10 seconds... I am really sorry ... I don't know if I'm really really irritated because I lost about 10K in 1 day but I really have no regards for stupidity ... I have nothing against poor people and understand but this I do not. It's ridiculous ... even when I had 20$ stupid bucks in my bank account back in the days I didn't do that ..... intelligence fail for real I'm sorry
Invest in alarm clocks
  • #3,548
  • Jul 28, 2010 11:24am Jul 28, 2010 11:24am
I agree with you Tony and dont be sad about loosing the 10k - learn from it.

I wish i had 10k to loose, hopefully i can if i keep following your ways
  • #3,549
  • Jul 28, 2010 11:34am Jul 28, 2010 11:34am
Quoting haventaclue
I agree with you Tony and dont be sad about loosing the 10k - learn from it.

I wish i had 10k to loose, hopefully i can if i keep following your ways
if you lost 10k on a couple pips twice then you made 500k on your 100 pips winners so the 10k shouldn't hurt...

P
  • #3,550
  • Jul 28, 2010 11:40am Jul 28, 2010 11:40am
Yep thats the beauty of the 0SL
  • #3,551
  • Jul 28, 2010 11:52am Jul 28, 2010 11:52am
I think Tony´s system could be the only system for a live trader, not missing any opening and with a good MM (0SL is clear for me, TP.... I have to learn more about that....)
  • #3,552
  • Jul 28, 2010 12:27pm Jul 28, 2010 12:27pm
Quoting Paulus
if you lost 10k on a couple pips twice then you made 500k on your 100 pips winners so the 10k shouldn't hurt...

P


no no no I'm not at 500K come on my account is sitting at 85K which is nothing to some people ... I have a gambling problem with forex too I don't post all examples.

keep im mind I withdraw money on fridays fo living and Smirnoff
Invest in alarm clocks
  • #3,553
  • Jul 28, 2010 6:40pm Jul 28, 2010 6:40pm
I have lost way too much money on 5 second bars during random times... big ones.... I'm sticking to the opens, for now, hoping for volatility... I don't like to use the word hoping, but we have seen very poor volatility in eur/usd lately

my stress and frustration level is now at 3/10
Invest in alarm clocks
  • #3,554
  • Jul 28, 2010 11:03pm Jul 28, 2010 11:03pm
So i entered long on Euro Open, and hit SL -2.

Have i set the Trade correct?

Thnx
  • #3,555
  • Jul 28, 2010 11:15pm Jul 28, 2010 11:15pm
Quoting codeman
So i entered long on Euro Open, and hit SL -2.

Have i set the Trade correct?

Thnx
I don't usually trade Frankfurt open. Yes, you entered correctly but when I trade I move my stop faster. It appears it moved 5 pips in your favor before retracing back. I would of been at 0SL or +1SL.
  • #3,556
  • Jul 28, 2010 11:23pm Jul 28, 2010 11:23pm
Dear Euro, I know you feel comfortable at 1.3000 but unfortunately, one day, you will have to depart.
Invest in alarm clocks
  • #3,557
  • Jul 28, 2010 11:26pm Jul 28, 2010 11:26pm
Head of worlds biggest FX hedge funds calls EURO top.
http://tinyurl.com/39bhn9a
  • #3,558
  • Jul 28, 2010 11:26pm Jul 28, 2010 11:26pm
Quoting Beta4x
I don't usually trade Frankfurt open. Yes, you entered correctly but when I trade I move my stop faster. It appears it moved 5 pips in your favor before retracing back. I would of been at 0SL or +1SL.
Thnx for your adivce! Iam happy that iam doing it right this time. :-)

So i didnt manage the Stop correctly, becouse i was up near 5 pip in Profit. But's this was really fast. So i have to become more confortable with the Oanda Platform i think.
  • #3,559
  • Jul 28, 2010 11:31pm Jul 28, 2010 11:31pm
Quoting codeman
Thnx for your adivce! Iam happy that iam doing it right this time. :-)

So i didnt manage the Stop correctly, becouse i was up near 5 pip in Profit. But's this was really fast. So i have to become more confortable with the Oanda Platform i think.
Usually the second I place the trade I already have my stop clicked and ready to jam in at break even or +1
  • #3,560
  • Jul 29, 2010 12:01am Jul 29, 2010 12:01am
Quoting Beta4x
Usually the second I place the trade I already have my stop clicked and ready to jam in at break even or +1
This time i'am SL +1 ;-)
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