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EURUSD

  • #331,761
  • Nov 24, 2010 3:42am Nov 24, 2010 3:42am
Quoting xelax
how to upload a youtube video here?
Just post the link of youtube.
  • #331,762
  • Nov 24, 2010 3:42am Nov 24, 2010 3:42am
Opportunity knocking...

Time to load on the longs, at or below 1.3334 and 1.3300.

Come on, don't be shy.. but use stops
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 11-24-2010 EURUSD Channel 2.png Size: 91 KB
Getting it right is NOT as important as not getting it wrong.
  • #331,763
  • Nov 24, 2010 3:42am Nov 24, 2010 3:42am
Quoting Scrat
i see quite a few posts about targets and wanted to say a few words.

while i don't disagree with taking profits along the way, i can certainly tell you that closing entire position while in a trend is not necessarily a very profitable thing. we never know when a trend reaches its most extreme value - in other words, this is not a sniper job. we know, however, when the trend reverses, and that's where stops should be placed.

what i'm trying to say is that, instead of taking profits, moving stops is more profitable and gives a lot of room to...
I'm new here and fairly new to trading but 100% agree with you there, as a newbie I find the moving stops also make me alot more comfortable. If you don't mind me asking, what do you suggest setting your moving stops to in the current situation?
  • #331,764
  • Nov 24, 2010 3:42am Nov 24, 2010 3:42am
Quoting PipChick
Would love to see it retrace to the 3350-60 area first
And i would love to see it to 1,3400+
1,3300 is a key level..breaking this and the pair is going to hell again
COT: The precious data ignored
  • #331,765
  • Nov 24, 2010 3:43am Nov 24, 2010 3:43am
I make it the trendline


Quoting cloggie
Am looking at 3185. One step at a time, let's get 3312 resolved first, that was last night's target.
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  • #331,766
  • Nov 24, 2010 3:43am Nov 24, 2010 3:43am
Quoting Scrat
i see quite a few posts about targets and wanted to say a few words.

.
Hey Scrat...It depends what TF u spot the trend on.

If I spot the trend on m15 my tp is less then trend on h4.
  • #331,767
  • Nov 24, 2010 3:43am Nov 24, 2010 3:43am
Inserted Video
testing
  • #331,768
  • Nov 24, 2010 3:43am Nov 24, 2010 3:43am
Quoting Scrat
i see quite a few posts about targets and wanted to say a few words.

while i don't disagree with taking profits along the way, i can certainly tell you that closing entire position while in a trend is not necessarily a very profitable thing. we never know when a trend reaches its most extreme value - in other words, this is not a sniper job. we know, however, when the trend reverses, and that's where stops should be placed.

what i'm trying to say is that, instead of taking profits, moving stops is more profitable and gives a lot of room...
impossible when trading with oanda. you cannot take partial profit with them. at some point, your first opened position will get closed, as soon as the partial profit exceeds the first position.
  • #331,769
  • Nov 24, 2010 3:43am Nov 24, 2010 3:43am
What a terrible waste of Snickers bars...
  • #331,770
  • Nov 24, 2010 3:44am Nov 24, 2010 3:44am
Quoting Scrat
i see quite a few posts about targets and wanted to say a few words.

while i don't disagree with taking profits along the way, i can certainly tell you that closing entire position while in a trend is not necessarily a very profitable thing. we never know when a trend reaches its most extreme value - in other words, this is not a sniper job. we know, however, when the trend reverses, and that's where stops should be placed.

what i'm trying to say is that, instead of taking profits, moving stops is more profitable and gives a lot of room to breathe....
  • #331,771
  • Nov 24, 2010 3:44am Nov 24, 2010 3:44am
industrial orders shouldn't change anything....fundamentals are ultimately outweighing technicals..3237 nd 3209 targets.. lets see what the news during ny coms out to . atm euro future looking pretty bearish
  • #331,772
  • Nov 24, 2010 3:45am Nov 24, 2010 3:45am
Quoting Mr Hatch
oh yes, i love it at the moment.
things are pouring out nicely and it seems that just any single move gets backed up by fundamentals.

i was told in the 3900s to go short and place a sl... ah, egal wo, das ding geht den bach runter.

well, here we are. and i think there's more to come.



i'm not sure if the numbers are current values or older than a month. if so, the real good numbers will be published in january i guess.


Hi Mr. Hatch,

I think that the first big wave down (on minute degree) will conclude around 1.30, but it is too early to tell. Minor 3 should bring us under 1.18 for sure.

Catch ya later,

Markus
  • #331,773
  • Nov 24, 2010 3:46am Nov 24, 2010 3:46am
Quoting PipChick
Would love to see it retrace to the 3350-60 area first

I covered my trade in full on the overshoot of 3312 earlier. I tend to do that at intermediate levels of consolidation, why leave 30 pips on the table? As long as my next short entry is above 3290 I will be better of.
  • #331,774
  • Nov 24, 2010 3:47am Nov 24, 2010 3:47am
Quoting Mr Hatch
impossible when trading with oanda. you cannot take partial profit with them. at some point, your first opened position will get closed, as soon as the partial profit exceeds the first position.
Just open trades with multiples entries, then you can close each trade manually or with a TP or Stop.
(Ie: To long 100 000 eur usd units, just enter 5 x 20 000 units trades, and then you can manage each 20k trade as you wish). The only problem is to get into the habit of splitting the trades from the start...
Getting it right is NOT as important as not getting it wrong.
  • #331,775
  • Nov 24, 2010 3:47am Nov 24, 2010 3:47am
Quoting cloggie
I covered my trade in full on the overshoot of 3312 earlier. I tend to do that at intermediate levels of consolidation, why leave 30 pips on the table?
So true
  • #331,776
  • Nov 24, 2010 3:51am Nov 24, 2010 3:51am
yes you can, but it's a little bit different.
for instance, let's say you have three shorts open, all in profit, each of 10,000 units. a total of 30,000. now let's say you want to book 10% = you just buy 3,000 units, and you are left with 27,000 units in open shorts.

Quoting Mr Hatch
impossible when trading with oanda. you cannot take partial profit with them. at some point, your first opened position will get closed, as soon as the partial profit exceeds the first position.
Nihil Sine Deo.
  • #331,777
  • Nov 24, 2010 3:55am Nov 24, 2010 3:55am
EUR/CHF falling 20 pips in last 10 mins, also broken daily upward trendline... could this be a better short at present that eur/usd??
  • #331,778
  • Nov 24, 2010 3:57am Nov 24, 2010 3:57am
middle east still buying all euro pairs atm..i dont think it will last very long short still in play
  • #331,779
  • Nov 24, 2010 3:58am Nov 24, 2010 3:58am
That's a tough work to support the longs here. The herd is craving to sell every red candle it sees. Should take some time to make it a sustainable retracement.
Hello.
  • #331,780
  • Nov 24, 2010 3:59am Nov 24, 2010 3:59am
Quoting xelax
http://www.youtube.com/watch?v=dpdWWkDnKwo testing
haha Lol, only in South Africa!
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