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Price is everything

  • #2,761
  • Oct 15, 2010 10:29am Oct 15, 2010 10:29am
Quoting redsword11
Attachment
Red. loony bouncing from a new R turned S level.
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  • #2,762
  • Oct 15, 2010 10:30am Oct 15, 2010 10:30am
Quoting Phonetic
best to wait for some more bull action or is this good to go?

in @ 0.99107


eu @ 1.40309
  • #2,763
  • Oct 15, 2010 10:32am Oct 15, 2010 10:32am
Quoting Dropped Onion
Red. loony bouncing from a new R turned S level.


check where cadjpy is ............
  • #2,764
  • Oct 15, 2010 10:39am Oct 15, 2010 10:39am
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  • #2,765
  • Oct 15, 2010 10:40am Oct 15, 2010 10:40am
Quoting redsword11
still south on it?
yea, still South. partial close earlier, then almost taken out at BE. also sold usdsek
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  • #2,766
  • Oct 15, 2010 10:50am Oct 15, 2010 10:50am
Hello guys,

Thanks for all the info you provide. Its a pleasure to learn from you!

Just asking if we should look at bigger TF's on EU. Seems that the main direction is South (by the Daily chart) or am I completly wrong?
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  • #2,767
  • Oct 15, 2010 10:54am Oct 15, 2010 10:54am
Quoting booster
Hello guys,

Thanks for all the info you provide. Its a pleasure to learn from you!

Just asking if we should look at bigger TF's on EU. Seems that the main direction is South (by the Daily chart) or am I completly wrong?


trade it both ways, north and south
  • #2,768
  • Oct 15, 2010 10:57am Oct 15, 2010 10:57am
Quoting redsword11
trade it both ways, north and south
So, I'm only 50 % wrong. Not bad

Ill wait for 1.3960 to go Long, lets see...
  • #2,769
  • Oct 15, 2010 11:02am Oct 15, 2010 11:02am
sold the SEK bought kiwi @ 0.75612
  • #2,770
  • Oct 15, 2010 11:21am Oct 15, 2010 11:21am
Quoting redsword11
sold the SEK bought kiwi @ 0.75612

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we have a pin D.O



Red
  • #2,771
  • Oct 15, 2010 11:23am Oct 15, 2010 11:23am
Quoting redsword11
the market doesn't forgive your stop loss and in turn we do not forgive it

its a double edged sword - in our favour because we read price and its everything
This is a good point about not closing out positions early. market takes out stops, so we must let price run without closing too early when we are on the right side of a trade. hindsight is 20/20
  • #2,772
  • Oct 15, 2010 11:24am Oct 15, 2010 11:24am
Quoting redsword11
Attachment

we have a pin D.O

Red
Bring it South
  • #2,773
  • Oct 15, 2010 11:24am Oct 15, 2010 11:24am
Quoting Dropped Onion
This is a good point about not closing out positions early. market takes out stops, so we must let price run without closing too early when we are on the right side of a trade. hindsight is 20/20


wait for price to tell you - its a pin in this case
  • #2,774
  • Oct 15, 2010 11:25am Oct 15, 2010 11:25am
Quoting Dropped Onion
Bring it South


south it is ..............
  • #2,775
  • Oct 15, 2010 11:26am Oct 15, 2010 11:26am
Quoting Dropped Onion
This is a good point about not closing out positions early. market takes out stops, so we must let price run without closing too early when we are on the right side of a trade. hindsight is 20/20
This is one of my biggest problems! my SL gets taken out and I was right on more than half of my trades.
  • #2,776
  • Oct 15, 2010 11:31am Oct 15, 2010 11:31am
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  • #2,777
  • Oct 15, 2010 11:31am Oct 15, 2010 11:31am
fcuking market



don't fear it
  • #2,778
  • Oct 15, 2010 11:36am Oct 15, 2010 11:36am
Quoting redsword11
fcuking market

don't fear it
...take from it. respect it. live and learn
  • #2,779
  • Oct 15, 2010 11:45am Oct 15, 2010 11:45am
Quoting Dropped Onion
...take from it. respect it. live and learn


yes, you have a better attitude than me
  • #2,780
  • Oct 15, 2010 11:49am Oct 15, 2010 11:49am
Quoting redsword11
sold the SEK bought kiwi @ 0.75612

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ok, now - watch dtl
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wan23smile