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  • #286,281
  • Aug 26, 2010 7:51am Aug 26, 2010 7:51am
Quoting qwertymyfx
hey tarantula, it's always to say should have waited a bit more, especially after hindsight!
I dont understand that....

If u dont trade the news then enter 20-30 mins after a release, If u trade it then be prepare to lose or win..it depends of ur strategy..

AND I HAVE SAID....>>>Im still keeping my longs..

Read about news trading or dont trade it at all
  • #286,282
  • Aug 26, 2010 7:51am Aug 26, 2010 7:51am
Quoting jaws810
Good news means stronger $, bad news means weaker $, really bad news means stronger $ due to risk aversion. Its crazy but that's what happens. The problem with RA is you don't know when it will happen unless it's already happening.
You can interpret news directly

or

by risk aversion
  • #286,283
  • Aug 26, 2010 7:51am Aug 26, 2010 7:51am
Quoting qwertymyfx
hey tarantula, it's always to say should have waited a bit more, especially after hindsight!
I hit the upside for a quick 10 walked away for a couple min and came back to free fall which ended before I got another 10 so I'm hoping for it to continue south before going back up to 700
  • #286,284
  • Aug 26, 2010 7:51am Aug 26, 2010 7:51am
Quoting gatorinla
who gives a shit about crap we sell overseas. we could sell it internally. a system that lasted over a hundred of years. a system that made us the strongest country in the world...
I hear you and understand. However, until people wakes up to the fact you are pointing it'll keep going. Big money doesn't have a nationality or borders and it'll keep treating ordinary people as just a variable unit cost of production.

Globalization, New World Order, one World currency and all this garbage will keep choking out, until US people can do something about it. I say US people because main drivers of this "New World Order" are based or originating in/from USA. Then of course everybody else should also do their share.
  • #286,285
  • Aug 26, 2010 7:53am Aug 26, 2010 7:53am
I think we are continually being lied to by so called experts, when they tell us to use tight stops. Tight stops are killers. If I was using 50/70 PIPS SL, I think I would be taking 90% of trades.
  • #286,286
  • Aug 26, 2010 7:58am Aug 26, 2010 7:58am
Quoting DrLobo
I think we are continually being lied to by so called experts, when they tell us to use tight stops. Tight stops are killers. If I was using 50/70 PIPS SL, I think I would be taking 90% of trades.
My shorts SL are @ 12850
If the price did get up there and stay there I'd have rethink
Maybe tomorrow I'll stick the stops a 100 higher, don't like pigs sniffing at my trough.
rat
  • #286,287
  • Aug 26, 2010 7:59am Aug 26, 2010 7:59am
if u have a tight stop and let the profits roll u need less good trade to be in profit. if u have big sl then when you loose its, obviously big. so u need a very good win loss ratio.

anyway, if u allow me an opinion, tight sl at news...is a no no.

the way i see it we have to get in before the news (in the right direction) to get room for them. that's what i like. many times it doesn't happen this way and some times i set sl higher for the news and still i get sled...

this is still the most difficult way of making easy money LOL

green pips

Quoting DrLobo
I think we are continually being lied to by so called experts, when they tell us to use tight stops. Tight stops are killers. If I was using 50/70 PIPS SL, I think I would be taking 90% of trades.
dreams do come true.
  • #286,288
  • Aug 26, 2010 7:59am Aug 26, 2010 7:59am
Quoting DrLobo
I think we are continually being lied to by so called experts, when they tell us to use tight stops. Tight stops are killers. If I was using 50/70 PIPS SL, I think I would be taking 90% of trades.
Exactly...tight stops below 50 pips are dangerous for current trading conditions...

EU was good @ 32 pips s/l but I have also made my margin wider.

Well...as for today 2665 is crucial...If it holds expect bullish action, If it doesnt we can easily see 2630 level...

Whoever entered long around 2690 wont risk much as s/l are around 2660 ( my case) even if i was to spread it a bit
  • #286,289
  • Aug 26, 2010 8:00am Aug 26, 2010 8:00am
Crazy PA, huh? It's obvious no one has a clue in which direction PA should be 'pushed'.
  • #286,290
  • Aug 26, 2010 8:00am Aug 26, 2010 8:00am
Quoting DrLobo
I think we are continually being lied to by so called experts, when they tell us to use tight stops. Tight stops are killers. If I was using 50/70 PIPS SL, I think I would be taking 90% of trades.

its all relative to your entry......some people can succeed using 10 pip stops, others need 50 pips or more. I need the latter . IMO, risk should be the first thing you should analyze in a trade......ask yourself how much capital you're willing to loose rather than how much you stand to gain....

I place stops before I even place my entry orders.....
  • #286,291
  • Aug 26, 2010 8:02am Aug 26, 2010 8:02am
Quoting T.E.Lawrence
Crazy PA, huh? It's obvious no one has a clue in which direction PA should be 'pushed'.
so why are you on this thread?
  • #286,292
  • Aug 26, 2010 8:02am Aug 26, 2010 8:02am
Inserted Video



Unless we break 1.2708 first.

1.2661 Then UP to 1.2765 !!!

Waiting........
  • #286,293
  • Aug 26, 2010 8:02am Aug 26, 2010 8:02am
Quoting longshot_nl
Confluince points work as magnets and also as big resistance.
But can break too, if broken you don't want to stand in its way.
So a tight SL.
But i am still bearish.
And i think tomorow will start a big down move after this point is hit.
So great risk reward.
may be you ve got the time wrong as what you saying has happened it will be nicer if you said it last night something like this chart. but if you think its going back to it givs a reason for that
Attached Image (click to enlarge)
Click to Enlarge Name: eur6.gif Size: 24 KB
  • #286,294
  • Aug 26, 2010 8:06am Aug 26, 2010 8:06am
You will laugh, I was Short this morning from 12820 with SL at 12870 (50 PIPS), I was targeting 12610 but I would have got out out at 1.266 (nice profits) but ... the way I set up the trade, with trailing stop loss I ended up with 0 Pips




Quoting rattyo
My shorts SL are @ 12850
If the price did get up there and stay there I'd have rethink
Maybe tomorrow I'll stick the stops a 100 higher, don't like pigs sniffing at my trough.
  • #286,295
  • Aug 26, 2010 8:06am Aug 26, 2010 8:06am
Quoting Atlast
nothing stays the same forever. capitalist systems by their very nature must go through boom and bust. driven by greed.
just getting a domestic energy supply.. takes 400 billion off trade deficit. in a capitalistic system things are equal. the guys who say free trade bs are full of shit.. ... they want U.s to subsidize their overseas ventures on the backs of its citizens. china devaluing its money for a trade advantage is not free trade. its just a way for Americans shopping at wallmart help support our communist buddys. a mirror can be a beautiful thing. for people who shop at places like this. dont get mad when you dont have a job. or if you do that your supporting your neighbor.. people get pissed at the truth
those who can, do. those who cant, talk about those who can
  • #286,296
  • Aug 26, 2010 8:08am Aug 26, 2010 8:08am
Quoting qwertymyfx
so why are you on this thread?
Believe me, I wasn't talking about FF members.
  • #286,297
  • Aug 26, 2010 8:08am Aug 26, 2010 8:08am
something like that happened to me yesterday...

Quoting DrLobo
You will laugh, I was Short this morning from 12820 with SL at 12870 (50 PIPS), I was targeting 12610 but I would have got out out at 1.266 (nice profits) but ... the way I set up the trade, with trailing stop loss I ended up with 0 Pips
dreams do come true.
  • #286,298
  • Aug 26, 2010 8:09am Aug 26, 2010 8:09am
Quoting DrLobo
I think we are continually being lied to by so called experts, when they tell us to use tight stops. Tight stops are killers. If I was using 50/70 PIPS SL, I think I would be taking 90% of trades.
It really depends on what kind of trader you are - scalper, swing trader or position trader - and also the risk/reward ratio that you use. IMO, 50 pips for a swing trader or position trader is ok.
  • #286,299
  • Aug 26, 2010 8:13am Aug 26, 2010 8:13am
Quoting DrLobo
You will laugh, I was Short this morning from 12820 with SL at 12870 (50 PIPS), I was targeting 12610 but I would have got out out at 1.266 (nice profits) but ... the way I set up the trade, with trailing stop loss I ended up with 0 Pips
???
  • #286,300
  • Aug 26, 2010 8:21am Aug 26, 2010 8:21am
thanks to all
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