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  • #342,221
  • Dec 8, 2010 10:38am Dec 8, 2010 10:38am
Back , seems stable again , better wait for me to at 1.3203 to buy again .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #342,222
  • Edited 10:55am Dec 8, 2010 10:40am | Edited 10:55am
short 3220, sl 3270, tp 0

sl is actually 3273...
Look Sharp/Trade Tight
  • #342,223
  • Dec 8, 2010 10:41am Dec 8, 2010 10:41am
Quoting moneytrain
We'll just wait and see and trade what we see. It's much better than trying to predict... Just anticipate and react to reality, the trend is currently down. I'm not long until I see a viable reason for me to be long.
I mentioned before. IMO, weekly/daily and today H4 are pointing to a clear downtrend but below that charts are pointing to an uptrend HH/HL (with almost a flat slope). So yes the downtrend is getting clearer and clearer on the higher timeframes but intraday it has push every single wave up to HH (by few pips) and by few pips too to HL so you cant negate that intraday there has been (still is until break to LL) chances for those who are taking longs.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #342,224
  • Dec 8, 2010 10:43am Dec 8, 2010 10:43am
Quoting PayTheLimit
short 3220, sl 3270, tp 0
great RR
  • #342,225
  • Dec 8, 2010 10:44am Dec 8, 2010 10:44am
Quoting TheSwede
Ok, nobody has to read but I have to write.

A very bad day of trading on my part. Started the day by taking a trade perfectly according to my system. In Green, then i tried a trade on a premature signal and got burned. And so the day progressed. I HAVE to learn to stop trading if I get two trades against me. No trading tomorrow or friday and starting new on monday. Have a good rest of the week you all.
I have been there man. More often than I wish. I try to keep tight stops too, in order to avoid getting burned, if I lose I lose but I don't get crushed any more.

Also is very helpful to keep looking at the market, even if you don't trade, write down when you would enter, when you would exit. It also gives you valuable lessons without money.

Good luck buddy
  • #342,226
  • Dec 8, 2010 10:46am Dec 8, 2010 10:46am
Quoting TheSwede
Ok, nobody has to read but I have to write.

A very bad day of trading on my part. Started the day by taking a trade perfectly according to my system. In Green, then i tried a trade on a premature signal and got burned. And so the day progressed. I HAVE to learn to stop trading if I get two trades against me. No trading tomorrow or friday and starting new on monday. Have a good rest of the week you all.
We all have those sort of days once in a while..........

I'm sure you will like all of us learn from the mistakes made and become a better trader for them.


PS...... I reply because I want to, no one has too read this
  • #342,227
  • Dec 8, 2010 10:46am Dec 8, 2010 10:46am
This is now very undecided where to go
  • #342,228
  • Dec 8, 2010 10:47am Dec 8, 2010 10:47am
Quoting PayTheLimit
short 3220, sl 3270, tp 0

Good luck mate, take care and cya tomorrow for London.

Meanwhile i am having fun trying out fx binary option !
COT: The precious data ignored
  • #342,229
  • Dec 8, 2010 10:48am Dec 8, 2010 10:48am
nap time... and hungry. bbl, cu in asia.
  • #342,230
  • Dec 8, 2010 10:48am Dec 8, 2010 10:48am
Quoting kuroro001

Good luck mate, take care and cya tomorrow for London.

Meanwhile i am having fun trying out fx binary option !
Thanks brother, let me know about those options, talk later...
Look Sharp/Trade Tight
  • #342,231
  • Dec 8, 2010 10:50am Dec 8, 2010 10:50am
Quoting sisse
what do you mean?. I agree is LL and LH in H4 it just aligned with the daily today that is also LL and LH.... but why LH and thats a reason to go long? I mean I could understand longs but not 'cause LH in H4 ...don't get it.

edit [I didn't read the prev post ... now i see what u mean]

sisse
Don't worry if you don't get it. You are right, that's not a reason to go Long...
  • #342,232
  • Dec 8, 2010 10:51am Dec 8, 2010 10:51am
gone long on GU as well

buuuuuuuuuuuuy
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  • #342,233
  • Dec 8, 2010 10:53am Dec 8, 2010 10:53am
If the Daily Chart closes with a Hammer/PinBar then we can definitely look for a huge retracement for the daily chart which would take the EU back up to 3500+.
  • #342,234
  • Dec 8, 2010 10:53am Dec 8, 2010 10:53am
I'm seriously considering going long at this point...
  • #342,235
  • Dec 8, 2010 10:54am Dec 8, 2010 10:54am
Now it looks more solid than before , targetting 3292-3300 , this time , possible camel action .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #342,236
  • Dec 8, 2010 10:54am Dec 8, 2010 10:54am
Just a possibility to consider......that's all. US$ Index needs to guide us on tis one anyway.

Quoting snatch
gone long on GU as well

buuuuuuuuuuuuy
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"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #342,237
  • Dec 8, 2010 10:55am Dec 8, 2010 10:55am
Thanx everyone for the support.

My problem lies in this. I'm a 10 PIPS guy. Hate to be in trades for long time. My system is flawless about 20 gains to a loss (losses between 50 and 20 PIPS). This means I trades fairly large lots. The problem is that I once get too anxious and think that I can get safe 10 PIPS trades on other setups that I dont master (SL, TP lotsize) in the same way. Well just need to make sure I always stay with the system.

Happy trading.
  • #342,238
  • Dec 8, 2010 10:58am Dec 8, 2010 10:58am
Quoting teemo
Just a possibility to consider......that's all. US$ Index needs to guide us on tis one anyway.
Hey TEEMO, where are you getting the USD Index from? I've been looking for that charting system for the longest!
  • #342,239
  • Dec 8, 2010 10:58am Dec 8, 2010 10:58am
Pound looks beautiful comparing with this shitty euro today.
  • #342,240
  • Dec 8, 2010 10:58am Dec 8, 2010 10:58am
I will set my first tp to 3300 only because I am going to lunch. This thing is getting intraday bullish,
Know when to hold em, Know when to fold em!
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