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  • #353,121
  • Dec 28, 2010 11:25am Dec 28, 2010 11:25am
Quoting Hda
Alexxi: The trend is your friend. Never trade against the trend unless you're an experienced scalper. Not to worry, youve gotten the heads up of 1.2800 - make sure you get out atleast 10 pips before that.

thank you for the support.

as i said it is the SECOND time i made the mistake, learned that about a week ago

the only thing that can save me is the asian markets going up , well lets hope it wouldnt be a COSTLY lesson at least i went in with a small position.
  • #353,122
  • Dec 28, 2010 11:27am Dec 28, 2010 11:27am
Signing off.


Y'all have a prosperous and happy New Year.
  • #353,123
  • Dec 28, 2010 11:27am Dec 28, 2010 11:27am
Quoting Hda
Piters: You are absolutely correct. In private I emailed wannaberich explaining all those issues to him with reference to account size and risk tolerance. My trade went against me 150 pips, before I entered short at 1.3270 with a second lot to cover the 150pip draw down which in turn paid of with a hefty green of $13,500.

Wannaberich is a scalper and position traders are of the understanding that to be a position trader, you must have a high risk tolerance. 1.2800 as I mentioned yesterday is the psychological level and...
that's bullshit. look at gator's entries and his stoplosses. he perfectly proves you wrong.
  • #353,124
  • Dec 28, 2010 11:28am Dec 28, 2010 11:28am
Quoting cloggie
Signing off.


Y'all have a prosperous and happy New Year.
back at u have a green one
  • #353,125
  • Dec 28, 2010 11:29am Dec 28, 2010 11:29am
Quoting Hda
Piters: You are absolutely correct. In private I emailed wannaberich explaining all those issues to him with reference to account size and risk tolerance. My trade went against me 150 pips, before I entered short at 1.3270 with a second lot to cover the 150pip draw down which in turn paid of with a hefty green of $13,500.

Wannaberich is a scalper and position traders are of the understanding that to be a position trader, you must have a high risk tolerance. 1.2800 as I mentioned yesterday is the psychological level and my exit is 1.2810

On...
Great.. I understand.. the point is.. everyone is wired differently.. For example if you were a scalper you could get $13500 on the top on what you made today.. I had a long.. exited today at 1.3250 when we hit the daily resistance.. and to be honest with you.. im building NEW LONG... again

Cheers..
  • #353,126
  • Dec 28, 2010 11:30am Dec 28, 2010 11:30am
Quoting cloggie
Signing off.


Y'all have a prosperous and happy New Year.
U2.
  • #353,127
  • Dec 28, 2010 11:30am Dec 28, 2010 11:30am
Quoting Piters
sorry im jumping mate.. but I think it is not FAIR to ask anyone to hold or exit position, WITHOUT asking on size of account, position and his MM..

you are absolutly correct, i am lucky i only took a small position + i am not buying anymore to offset a potential loss. i am just going to wait to make the loss as little as possible as normally in afternoon and night time goes up and during daytime strong falls .

today the shorts came late as london was closed.
  • #353,128
  • Dec 28, 2010 11:30am Dec 28, 2010 11:30am
Excellent bounce from channel support at present......
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 47 KB
  • #353,129
  • Dec 28, 2010 11:30am Dec 28, 2010 11:30am
Quoting cloggie
Signing off.


Y'all have a prosperous and happy New Year.
happy new year to you too and thanks for the news on ecb
  • #353,130
  • Dec 28, 2010 11:33am Dec 28, 2010 11:33am
Quoting Piters
I know.. Spooky??!?..
A case for Mulder and Scully.
  • #353,131
  • Dec 28, 2010 11:33am Dec 28, 2010 11:33am
Quoting Mr Hatch
that's bullshit. look at gator's entries and his stoplosses. he perfectly proves you wrong.
  • #353,132
  • Dec 28, 2010 11:33am Dec 28, 2010 11:33am
only 10 pips more to go to be in profit again

but i am very happy to see hda and piters worrying about me, i owe you a sangria when you come visit spain
  • #353,133
  • Dec 28, 2010 11:34am Dec 28, 2010 11:34am
Hi Hda,

i don't find myself as a scalper. day trader more like it. although i do scalp some times i try to limit my trades as i sometimes tend to overtrade. the way i see it scalpers aim for less than 10 pips per trade many times per day. i aim for a couple of trades 30-40 pips average.

right now long countertrend for 25 pips from 3115 to 3140.

as u said on the pm u sent, one has to find what trading style suites us best. have a draw down of 150 pips is, at least now, too much for me to handle. maybe i will change my mind in the future, maybe not


green pips


Quoting Hda
Piters: You are absolutely correct. In private I emailed wannaberich explaining all those issues to him with reference to account size and risk tolerance. My trade went against me 150 pips, before I entered short at 1.3270 with a second lot to cover the 150pip draw down which in turn paid of with a hefty green of $13,500.

Wannaberich is a scalper and position traders are of the understanding that to be a position trader, you must have a high risk tolerance. 1.2800 as I mentioned yesterday is the psychological level and my exit is 1.2810

On...
dreams do come true.
  • #353,134
  • Dec 28, 2010 11:34am Dec 28, 2010 11:34am
Quoting Hda
My trade went against me 150 pips, before I entered short at 1.3270 with a second lot to cover the 150pip draw down which in turn paid of with a hefty green of $13,500.
The master of Market nuttery...

First position went 150 into the stink, fortunately that all changed when he nutted on #2.....

Attached Image (click to enlarge)
Click to Enlarge Name: nut.jpg Size: 90 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #353,135
  • Dec 28, 2010 11:35am Dec 28, 2010 11:35am
Quoting rashygomez
A case for Mulder and Scully.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #353,136
  • Dec 28, 2010 11:38am Dec 28, 2010 11:38am
WTF guys if u are in front the screen look at chart find the hunt hit cash in run
  • #353,137
  • Dec 28, 2010 11:38am Dec 28, 2010 11:38am
Quoting Piters
Great.. I understand.. the point is.. everyone is wired differently.. For example if you were a scalper you could get $13500 on the top on what you made today.. I had a long.. exited today at 1.3250 when we hit the daily resistance.. and to be honest with you.. im building NEW LONG... again

Cheers..
PITERS:

You are again correct and we are wired differently, each of us. I tried scalping in my formitive years, but it was to emotional and it takes constant monitoring. I prefer to see the perfect set up on a 3 hour, which requires alot of patience and then take the trade, entering on a 30 minute, being aware of strong support and resist for the back up plan and also the exit.

That in turn requires less monitoring.
  • #353,138
  • Dec 28, 2010 11:39am Dec 28, 2010 11:39am
Quoting cloggie
Signing off.


Y'all have a prosperous and happy New Year.

O look i typed it in and it was already auto completed, getting to be regular to say thank you.

Happy new year!
  • #353,139
  • Dec 28, 2010 11:47am Dec 28, 2010 11:47am
Studying the monthly chart earlier & found out that we are just nearby monthly wave @ 1.3230. No wonder why the market kinda mofu tricky now this month.

I believe EU will fall as low as 1.2430 (the next lower price wave of mine) by end of January 2011 / mid of February 2011.

Come on Soros...let us SELL this pair...lol...
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 25 KB
  • #353,140
  • Dec 28, 2010 11:50am Dec 28, 2010 11:50am
Quoting kill56
WTF guys if u are in front the screen look at chart find the hunt hit cash in run
Wise man u are.
All systems of divination, like music itself,work through patterns.
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