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  • #335,041
  • Nov 29, 2010 4:43pm Nov 29, 2010 4:43pm
Quoting ecn
EURUSD and GBPUSD are running flat... i made a small sell with 10 pips stop. I had a nice day (EURUSD short )
and the cable dropped too made 30 pips with EU and GU... For now im out.

Have a nice day
  • #335,042
  • Nov 29, 2010 4:48pm Nov 29, 2010 4:48pm
Quoting Barata
If the stress tests indicated that everything was ok with the Irish banks then why are they going to receive 10 billion?
lol - thats a good question

i would nearly say, that the stress test wasn't really usefull and only a initiation for the tv to show how "strong" the european banks are...but as we all know, the stress test was made with the most possible diligance...
Pecunia non olet
  • #335,043
  • Nov 29, 2010 4:59pm Nov 29, 2010 4:59pm
Quoting freshtrader2
i am in long since last week @1.3460 , do you think we might go up to that level before reaches 1.2980 or should i have come from this trading with my lose
350 pips... ouch!

To be honest, no one knows where price will be going next, but as you well know the trend is down.

On my daily chart, we hit the demand zone (1.3019-1.3075) and bounced a little and we might reach the supply at 1.3332-1.3381. Weekly and daily charts show weakness and we are hugging the lower of the bollinger bands on the daily, but not piercing it, like we did when we reached those dizzy heights. We came up quickly to 1.4285 and we are coming down quickly too. We might not get a significant bounce until ~1.2580-12650.

Personally, I would just cut my losses, but that decision is not mine. Hopefully you will learn a valuable lesson that the Forex market has taught you with this trade. That lesson is to use Stop Losses. I work of the daily charts and my Stop Losses range from 20-50 pips... NO MORE!

I hope your next trade is a better one!
  • #335,044
  • Nov 29, 2010 5:16pm Nov 29, 2010 5:16pm
i will add to long term shorts below today's low (after pullback) or a retrace to 3312 (floater) area. (33339)
those who can, do. those who cant, talk about those who can
  • #335,045
  • Nov 29, 2010 5:21pm Nov 29, 2010 5:21pm
I am still holding the trade
the candlestick didn't touch the Ichimoku yet.
and all of the indicator are Bearish.

http://preview.shareapic.net/preview7/023984092.gif
{Promotion Removed}
  • #335,046
  • Nov 29, 2010 5:24pm Nov 29, 2010 5:24pm
Quoting bbakker
350 pips... ouch!

To be honest, no one knows where price will be going next, but as you well know the trend is down.

On my daily chart, we hit the demand zone (1.3019-1.3075) and bounced a little and we might reach the supply at 1.3332-1.3381. Weekly and daily charts show weakness and we are hugging the lower of the bollinger bands on the daily, but not piercing it, like we did when we reached those dizzy heights. We came up quickly to 1.4285 and we are coming down quickly too. We might not get a significant bounce until ~1.2580-12650....

Sound advice. Of course we all know as soon as he closes "it" price will clime 400 pips. Not that I've ever seen that happen. I was never that new or stupid

If its any consolation freshtrader2 your not going to be the last one either.
  • #335,047
  • Nov 29, 2010 5:27pm Nov 29, 2010 5:27pm
Quoting knuckledrag
Sound advice. Of course we all know as soon as he closes "it" price will clime 400 pips. Not that I've ever seen that happen. I was never that new or stupid

If its any consolation freshtrader2 your not going to be the last one either.

So should we long here hehe
Know when to hold em, Know when to fold em!
  • #335,048
  • Nov 29, 2010 5:30pm Nov 29, 2010 5:30pm
Quoting knuckledrag
Sound advice. Of course we all know as soon as he closes "it" price will clime 400 pips. Not that I've ever seen that happen. I was never that new or stupid

If its any consolation freshtrader2 your not going to be the last one either.
We have all had BS trades when we first started trading, but these trades are important lessons. Anyone that says different is talking BS. You learn more from your mistakes, so long you have self awareness and you put rules in place, that ensure that those mistakes you made are not repeated.

Have a great evening/morning/afternoon/night, I am off to bed for some sleep hoping to wake up to a white world. We have some serious snow forecast here in Oxfordshire for tonight and tomorrow and we are still in November!
  • #335,049
  • Nov 29, 2010 5:30pm Nov 29, 2010 5:30pm
Quoting knuckledrag
Sound advice. Of course we all know as soon as he closes "it" price will clime 400 pips. Not that I've ever seen that happen. I was never that new or stupid

If its any consolation freshtrader2 your not going to be the last one either.

So should we long here hehe. when people start taking about their longs that they are losing for a while and if they should close it then yes price does sometimes seem like it reverses.

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1.3 looks like a good long opp
Know when to hold em, Know when to fold em!
  • #335,050
  • Nov 29, 2010 5:31pm Nov 29, 2010 5:31pm
Quoting goods
So should we long here hehe

not unless he closes his trade..........
  • #335,051
  • Nov 29, 2010 5:33pm Nov 29, 2010 5:33pm
Quoting knuckledrag
not unless he closes his trade..........
ok I am with you, I short 3120 purely based on him keeping his trade open. Psychology experiment. The 5K lot experiment!

I have a sl at 3135 spike in case he does one of 2 things:

1. Manually closes his trade
2. Gets stopped out
Know when to hold em, Know when to fold em!
  • #335,052
  • Nov 29, 2010 5:34pm Nov 29, 2010 5:34pm
Quoting bbakker
We have all had BS trades when we first started trading, but these trades are important lessons. Anyone that says different is talking BS. You learn more from your mistakes, so long you have self awareness and you put rules in place, that ensure that those mistakes you made are not repeated.
Pain is the best teacher. I've got my share of bumps.
  • #335,053
  • Nov 29, 2010 5:34pm Nov 29, 2010 5:34pm
Quoting goods
ok I am with you, I short 3120 purely based on him keeping his trade open. Psychology experiment. The 5K lot experiment!
lol
  • #335,054
  • Nov 29, 2010 5:36pm Nov 29, 2010 5:36pm
Quoting bbakker
lol

Are we now finding the holy grail????

Reverse engineering the SpotFX market?
Know when to hold em, Know when to fold em!
  • #335,055
  • Nov 29, 2010 5:36pm Nov 29, 2010 5:36pm
Quoting goods
ok I am with you, I short 3120 purely based on him keeping his trade open. Psychology experiment. The 5K lot experiment!

I have a sl at 3135 spike in case he does one of 2 things:

1. Manually closes his trade
2. Gets stopped out
how do we know when he closes?
  • #335,056
  • Nov 29, 2010 5:37pm Nov 29, 2010 5:37pm
Quoting knuckledrag
how do we know when he closes?
Well lets keep this experiment on par, I will let you know if I get stopped out. I will then ask why he closed his trade!!!
Know when to hold em, Know when to fold em!
  • #335,057
  • Nov 29, 2010 5:40pm Nov 29, 2010 5:40pm
Quoting freshtrader2
i am in long since last week @1.3460 , do you think we might go up to that level before reaches 1.2980 or should i have come from this trading with my lose

well if i were in your shoes and i was trading real capital i would cut my position immediately....

i would have cut that position at 3445....
  • #335,058
  • Nov 29, 2010 5:40pm Nov 29, 2010 5:40pm
Quoting gatorinla
i will add to long term shorts below today's low (after pullback) or a retrace to 3312 (floater) area. (33339)
Gator, Load on EU LONG now, this monkey Dollar

party is coming to the end soon.. I like today Equity Rejection to go

lower..

Also OIL/Silver/GOLD.. "Benny" FED marketing campaign not going to get much

further effect (target is reached).. Right, "EUR is dead and Dullah is a king" .. Though, I have to

admit nice world-wide spamming campaign by the US FED.. The one thing

still missing.. Another Volcano BS perhaps somewhere in Sweden should

do it..

P.S.. Yeah and I still remember (OIL $100/b) by September 2011 or earlier.. And dollah pushing low

70 on index.. Bet still standing.. Ones Markets go back to rally mode, you know... Just watch..
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  • #335,059
  • Nov 29, 2010 5:45pm Nov 29, 2010 5:45pm
Quoting SkyzerFX
Gator,...
or hows about ez is bankrupt and they cannot print money like the US can?

US can print to stay afloat, EZ cannot....

us is largest economy in the world, it wont collapse because if it does, the whole world will. Who do you think is paying for these euro countries bailouts?
  • #335,060
  • Nov 29, 2010 5:49pm Nov 29, 2010 5:49pm
Quoting mfoste1
or hows about ez is bankrupt and they cannot print money like the US can?

US can print to stay afloat, EZ cannot....

us is largest economy in the world, it wont collapse because if it does, the whole world will. Who do you think is paying for these euro countries bailouts?
don't fight it, it will go away, if you don't answer
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