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  • #281,961
  • Aug 13, 2010 3:04pm Aug 13, 2010 3:04pm
Quoting Scrat
not sure about what you're saying. the short term trend is down, and it should be considered down until proven otherwise.

and even if it is like you say, that big boys are planning to buy euros on sunday night... ask yourself, are they gonna buy enough for a trend change?

i think you can't answer this. first, because you can't possibly know how much are they buying; and second, because this scenario is dead wrong. the trend change does not happen overnight. smart money NEVER EVER buys in bulk!!! it's a very sophisticated process of distribution...
Nice analysis.

Can you share the red triangle indicator?
In forex, one currency is always up!
  • #281,962
  • Aug 13, 2010 3:06pm Aug 13, 2010 3:06pm
Quoting ibicuy

You guess the possibility to go up is much more than go down ????


Many thanx
My dear friend, look at several timeframes, and you'll see several trends... On weekly, you'll see it down, on daily, up, on hourly down.

They use to say, the trend is your friend, but, who's your friend here? Also, they use to say, print a chart out and ask an 8 years old kid about the trend (sic jacko's). Also, i believe we here are all subjective from our own opinion, like i am certain the us $ is worth less than my toilet paper...other would say same abt the euro..

so, my friend, i can't tell you what to do. maybe open the hedge again and try to reduce little by little, or leave it open and wait and see... or close it, asume losses and keep on with your live. I'd do the last one.

Good luck pal.
  • #281,963
  • Aug 13, 2010 3:08pm Aug 13, 2010 3:08pm
Quoting Lady broker
Why are you so sarcastic today? Maybe he doesn't know how to attach his chart!
Thanks L.B. , Obviously, i miss that part, and obviously the other axxhole is what it is..
  • #281,964
  • Aug 13, 2010 3:12pm Aug 13, 2010 3:12pm
Quoting T@rantula
If 2725-2695 HOLDS it will bounce but if its shattered like a glass, you are out of fortune my friend. Last hope lies in defending 2568 level...below that...bye bye 33xx
I will trade breakouts and support trading.

Will make a pending order a but at 1.2725 with 35 pips and a sell at 1.2695 with 20 pips sl.

I am very interested with your analysis. By how you made this prediction? You looks confident.
In forex, one currency is always up!
  • #281,965
  • Aug 13, 2010 3:12pm Aug 13, 2010 3:12pm
Grazie Tarantula, now the price seems to go slowly up....cross finger.... In any case I think that Scrat opinion is reasonable so probably the best thing for me at the moment is to hedge 50% my long position....just to reduce the risk to go down ......

Many thanks again for your precious help...

Nice weekend to ALL

Ciao

I.
  • #281,966
  • Aug 13, 2010 3:19pm Aug 13, 2010 3:19pm
Quoting jackdan
Thanks L.B. , Obviously, i miss that part, and obviously the other axxhole is what it is..
Sun Trader is good guy and always try to help but today it seems like is not the same guy!
  • #281,967
  • Aug 13, 2010 3:20pm Aug 13, 2010 3:20pm


Quoting Lady broker
Sun Trader is good guy and always try to help but today it seems like is not the same guy!
  • #281,968
  • Aug 13, 2010 3:23pm Aug 13, 2010 3:23pm
Quoting ibicuy
hi guys I need your help, ...

You guess the possibility to go up is much more than go down ????


Many thanx
Hi ibicuy, it is a mistake not to put sl on your trades, and I have made the same mistake and have lost huge amount on 2 long positions this week because the amazing situation from 1.33 (and talking about 1.36..1.50 !!) which is now replacing by Euro catastrophic scenario.. (1.26 ->1.18 and lower). But this is the forex !!
I finally took the decision to close, and get learning from MY mistakes..
Anyway, don't worry anymore, life is beautiful !
May be bounce will be here.. may be not.. No one knows about.

Have a good we my friend and take it easy
  • #281,969
  • Aug 13, 2010 3:28pm Aug 13, 2010 3:28pm
Thanx also to Jaylovin and to Jackdan for helping.... I am new in trading and I guess I put myself in a situation bigger than me....

PS I am totally agree with you Jackdan close everything and go back to my "normal" life is what I am thinking all the day....hope to go back soon


Good night

I.
  • #281,970
  • Edited 3:43pm Aug 13, 2010 3:29pm | Edited 3:43pm
i actually ended up down today because i violated all my trading rules - stupid me got greedy... doesn't matter if you are wrong... make sure you get out if you are wrong... otherwise wrong can turn to hell.. no stress anymore.. MM gives me a free mind if i loose and more importantly i live to trade another day.
  • #281,971
  • Aug 13, 2010 3:30pm Aug 13, 2010 3:30pm
Quoting Lady broker
Why are you so sarcastic today? Maybe he doesn't know how to attach his chart!
You got me wrong. I am always sarcastic.

The poster only needed to see how big his chart was to know it was oversized.

Do you not look at your post after you click send - whether or not an image is included? I do.

And his was at least the second in as many pages to do that. Sorry I sometimes don't quite have the patience for such nonsense. I usually just put them on ignore.

If you think my comment was bad, if AK or Jay was around whoa ... look out.
  • #281,972
  • Aug 13, 2010 3:32pm Aug 13, 2010 3:32pm
newer low atm
those who can, do. those who cant, talk about those who can
  • #281,973
  • Aug 13, 2010 3:35pm Aug 13, 2010 3:35pm
Thanks Style...happy to know that I am not alone in this situation...agree with you this difficult days has increased for sure my knowledge very quickly but now I am exausted....

hope to manage the situation and not cancel all my money....


Thanx again


I.
  • #281,974
  • Aug 13, 2010 3:39pm Aug 13, 2010 3:39pm
Quoting kidspips
I will trade breakouts and support trading.

Will make a pending order a but at 1.2725 with 35 pips and a sell at 1.2695 with 20 pips sl.

I am very interested with your analysis. By how you made this prediction? You looks confident.
@ 2725 it will jump @ 2695 it will jump....

I need a confirmation for this with my custom made indicator but even now Im 75 % sure im right..It goes to 2725 and it goes even deeper to test 2695 then it goes to 2568 its the last bulls defence.

Those are 3 levels that are important to me...

I try to spot a consolidation in trends, and I look for divrgences. ATM the chart is SIZZLING with reverse bear divergences, and that means a continuation of downtrend. We need reverse bullish to keep it balanced but atm I cant see a single one.

After i spot a consolidation and divergences ( to give me a directional cue even with criss crossed divergences I need to be sure which one is stronger) I consult Black Widow ™ murrey math based system to spot good entries. I watch m5 M15 h1 h4 and then i make a choice to enter a trade. I Never buy on tops and I never sell on lows, thats a common mistake that I know of ( many people who I teached have made those mistakes ) as that can lead to HEAVY losses. Always w8 for the bounce ( if theres no bounce, no trade for me unless MM shows good reversal/bounce points) before entering a trade.

Divergences are good to know of as are common candlestick patterns. My favorite indies are slower EMA, faster EMA, RSI and DTOSC set on correct settings ( every TF needs a different setting), I also like double macd.

Psychology plays a good role in my trading. As I have read a lot about psychology I have learnt to subdue a greed emotion in myself so I never OVERTRADE.

Good luck in trading. It has a very STEEP and COSTLY learning curve but it will pay out eventually. I wish u luck..

T
  • #281,975
  • Aug 13, 2010 3:53pm Aug 13, 2010 3:53pm
Quoting ibicuy
hi guys I need your help, I am in with heavy positions long near 1,33 since end of last week . I hedge these positions with sell , same quantity, but I got out one hour ago. You discussed about a possible important bounce during sunday night, right? So could be possible for euro to go up near 1,30 right? I was thinking to leave my long without sell hedge for the week end but the risk for me is that if the gap will be down instead up I will reduce my margin a lot...

You guess the possibility to go up is much more than go down ????


Many thanx...
Keep an eye on 104.27 on the eurx...if its breaks then you might be in trouble..but it might bounce too..
Attached Image (click to enlarge)
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In hoc signo vinces
  • #281,976
  • Aug 13, 2010 3:57pm Aug 13, 2010 3:57pm
Quoting SunTrader
You got me wrong. I am always sarcastic.

The poster only needed to see how big his chart was to know it was oversized.

Do you not look at your post after you click send - whether or not an image is included? I do.

And his was at least the second in as many pages to do that. Sorry I sometimes don't quite have the patience for such nonsense. I usually just put them on ignore.

If you think my comment was bad, if AK or Jay was around whoa ... look out.
Yeah I have experience with you, gatorinla, specialy with Jay,... but this is part of our life!
  • #281,977
  • Aug 13, 2010 4:03pm Aug 13, 2010 4:03pm
Quoting okcowboy13
Keep an eye on 104.27 on the eurx...if its breaks then you might be in trouble..but it might bounce too..
.
Attached Image (click to enlarge)
Click to Enlarge Name: a4.PNG Size: 42 KB
those who can, do. those who cant, talk about those who can
  • #281,978
  • Aug 13, 2010 4:04pm Aug 13, 2010 4:04pm
Strange 3 last final minutes with strong power up movement (1.27576) immediately stopped.. may be will presume on what will be sunday night ?
Next week will be very interesting..

Good night and take care
  • #281,979
  • Aug 13, 2010 4:06pm Aug 13, 2010 4:06pm
Quoting style2fx
Strange 3 last final minutes with strong power up movement (1.27576) immediately stopped.. may be will presume on what will be sunday night ?
Next week will be very interesting..

Good night and take care
short closing 5 m before close.. not many closes
those who can, do. those who cant, talk about those who can
  • #281,980
  • Aug 13, 2010 4:09pm Aug 13, 2010 4:09pm
thanx Cowboy....I hope it'll bounce...

have a nice we.....I will spend we with my horses to think about all last week mistakes...

I.
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