EURUSD

yea ive been looking for that for a while now....its starting to look like hot chics don't trade....

Shes' called Expert Advisor

does montly s1 bring us to daily r1/weekly pivot?

Ain't that the truth. My wife still believes in "buy and hold" when it comes to stocks.

Pulled out at 30+ pips. Pissed off because it continued down when I knew it most likely would.

A strange problem I'm encountering is pulling out of trades early sometimes and losing potential profit, I really need to work on this issue lol.

after you get 30 or 40 pips in profit, cover half and let the rest run w stops at be....

take out 50% and put stoploss to be.

Might want to look at locking half and letting the 2nd half run, with stop at BE.

I don't trade the Monday Asian session a) because it starts in the early Sunday afternoon here and I have better things to do and b) I usually use Sunday evening to read the news and get a feel for market sentiment.

BUT a) I did do some scalping today and I am up 24 pips on about 20 minutes of work and that's good - when I see sets of 5+ pip candles on the M1 chart I know I can harvest some pips and that's the name of the game b) also, Asian session is generally better than it used to be. Volumes have increase quite a lot - I read somewhere fx trade volume in Australia alone was up something like 30% in the last year, and it shows. I generally look in on Asia on a +/- 30 minute bracket around the Tokyo open - I find if I have not caught good action in that window then its probably a low volatility session not worth my time.

...just my $0.02

All those who 'cooked the books' and have been caught out, should just default......I know how callous that sounds, but if the EZ is to prosper, then cut the dead wood away before it sinks whole ship.

I didn't write this, but it is fitting...it was written before the Greece bailout:

By Jeff Clark

Dear European Union and International Monetary Fund,

Please do the world a favor and allow Greece to default on its debt. It's going to happen anyway, and it would be better if it happened sooner rather than later.

When you loan money to friends, two things will happen

You'll lose the money and you'll lose the friendship.

Please keep this in mind as you consider your loan to Greece. I've made four such loans to friends during my lifetime, and all of them produced the same result.

The recipient is thankful at first, and promises to reform his/her/its spendthrift ways. And for a short period of time, it seems to work. The borrower stops going out to expensive dinners, asks the housekeeper to come just once each week, and cuts back on the Tiffany and Nordstrom shopping sprees.

But in reality, it's hard to reduce your own standard of living.

As long as a lifeline is available, reform is impossible. It's just too hard to say "NO" to the forces in place for so long that have actually caused the fiscal breakdown. The easy solution is to say "YES" and continue the spendthrift, irresponsible ways that have brought Greece to the brink of bankruptcy.

Your money will provide a temporary relief. But it's the equivalent of throwing good money after bad.

Greece will keep spending the way it has all these years, and when it burns through the money you've provided, it'll ask for more. Moreover, the Greek politicians will rationalize their expenses and make you feel like the bad guy for not lending them even more money. After all, you have it and they don't. So you ought to send more money their way.

But here's the unfortunate fact of life...

The motivation for change only happens when someone stares into the eyes of his hungry children and realizes they'll die if they don't do something, anything, to put food on the table.

Yes, it's harsh. But it's reality. And it's a reality that hasn't been recognized for much of the past 20 years. Your generosity will be gratefully received at first. But then you'll be declared the bad guy when it comes time to perform on the loan.

You can lend the money if you want to. It'll provide a temporary backstop and a basis upon which to build the economy if Greece chooses to implement the necessary reforms. Based on my experience, though, it's wasted money.

It's wasted money on Greece. It'll be wasted money on Portugal, Italy, and Spain when they ask for it as well. And it'll be wasted money when the U.S. government steps up to feed at the trough.

The best thing you can do now is to say no to Greece. Tell them they're responsible for their own actions. They need to bite the bullet, cut the expenses, and lower their standard of living.

No, you won't be hailed as the good guy and as the savior of financial reform. In fact, by denying a bailout you'll likely be demonized.

But your kids will thank you for it. They'll have an opportunity to spend time as innovators and developers of economic prosperity, rather than slaves to the state of indentured servitude.

So here's the choice you have to make...

Do you loan Greece 30 billion euros with the understanding its people will continue along the path of working 30-hour weeks, retiring at the age of 50, and receiving compensation for contributing nothing to the economic environment? Or do you demand some sort of economic payment for your hardship of making the loan?

I demanded economic payments in all four of the loans I made to my friends. I was disappointed in every instance.

Somehow, I expect you, the IMF and the European Union, to experience the same fate.

hahaha you hatch and i said the same thing....great minds think alike i guess

Yeah, it's what works for me. Pocketing some profit and moving to zero risk as quickly as possible (with resonable profit, of course). That does mean, however, that my wins could be bigger.....and it means also that I risk choking off a trade sometimes. But I find it provides a much, much smoother equity curve.

yeah, and i got that hint a long time ago from pricevolume

Many get stuck in a zero-sum mindset....they either win with their target, or lose with their stoploss. But it's about risk and equity. I tend to embrace "bounded rationality".

By the way...I just locked some off a similar entry to yours. We're pips away from minor Friday support....but price appears to want to retrace....prior to challenging....we'll see.

its gotta take out these 3660 bids....watch uj there are options at 83 that need to be taken out, if they are taken out it will increase usd short covering....

Yep. I'm waiting to see if 3686 caps this....

if these 3660s are taken out it opens the door....its a long way down....

frankie will f*** this up, i bet 5 pips on that.

frankies unloading this pair HARD....