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  • #355,161
  • Dec 30, 2010 6:28pm Dec 30, 2010 6:28pm
Quoting tonyo524
I'm in @3260 tp 2500 sl 3390, I have a pending sell at 3400 which sits at nice resistance on the daily, and is just past the top of the bollinger band.
The number 1 problem that I see here, perhaps a misprint or typo...

IF price moves against your short position @ 3260, you will take a stop out @ 3390. Potential loss, 130 pips. From here, you have another pending short just 10 pips higher @ 3400....

Seriously....you will take 130 but not 140? Psychological Level?

I have other issues with hitching ponies to other carts and riding out correlations but hey, not me to tell you how to spend your money....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #355,162
  • Dec 30, 2010 6:28pm Dec 30, 2010 6:28pm
i'm short 1.3299
  • #355,163
  • Dec 30, 2010 6:29pm Dec 30, 2010 6:29pm
http://www.npr.org/2010/12/30/132488...eates-New-Poor
"If The Fool persists in his Folly he will become wise." - William Blake
  • #355,164
  • Edited 6:45pm Dec 30, 2010 6:34pm | Edited 6:45pm
Quoting mercy seat
http://cdn.forexfactory.com/images/attach/png.gif 2010-12-30_18h06_EURUSD _ x-Daily _ 000.PNG (117.9 KB)

Okey-dokey ... time for a RECAP from yesterdays Outlook ...

Further upside attempts are still in the cards ...

Elliott points up from 1.3084 reversal zone ... with projection and possible objectives at 1.3276 and 1.3320 zone ...

Immediate range is seen...

http://cdn.forexfactory.com/images/attach/png.gif 2010-12-31_01h07_EURUSD _ x-Daily _ 000.PNG (117.1 KB)

While capped below 1.3324 - 1.3334 (Green EMA) or 1.3338 - 1.3360 zone ... we will trade it down for a corrective move down towards 1.3245 - 1.3233 or below 1.3233 (Daily Sup-1) towards 1.3207 - 1.3194/ 72 zone in case of an extention ...

Mehr gibt es hier einfach nicht mehr ... obwohl weit präzisere Daten hier vorliegen ... null Bock ... market rythm ... first up ... then down ... so we sell the rallies for now ... only unexpected breach of above 1.3364/ 72 (Daily Res-2) could give further acceleration ...

Good night ... und tschüss



;-)
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-12-31_01h07_EURUSD _ x-Daily _ 000.PNG Size: 117 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #355,165
  • Dec 30, 2010 6:37pm Dec 30, 2010 6:37pm
Quoting Magix
The number 1 problem that I see here, perhaps a misprint or typo...

IF price moves against your short position @ 3260, you will take a stop out @ 3390. Potential loss, 130 pips. From here, you have another pending short just 10 pips higher @ 3400....

Seriously....you will take 130 but not 140? Psychological Level?

I have other issues with hitching ponies to other carts and riding out correlations but hey, not me to tell you how to spend your money....
Only a problem if it's in your account!
All that is left in FF is just plain garbage. "Cloggie"
  • #355,166
  • Dec 30, 2010 6:38pm Dec 30, 2010 6:38pm
The thing I've learned about the market is that it always moves to the point of maximum uncertainty. It will take out our stops and make wild jumps to get back to that point. It tries to maximize risk. The point being? No this is just a comment.
  • #355,167
  • Dec 30, 2010 6:39pm Dec 30, 2010 6:39pm
Good evening folks and Happy New Year!

This should be my final trade of the year. M15, M30, & H1 are all on a short term trend up. I'm jumping in for what may be a scalp or something longer. In at 1.3300, SL 1.3276, and TP of 1.3370.
Don't Panic. Stay With You're Group.
  • #355,168
  • Dec 30, 2010 6:39pm Dec 30, 2010 6:39pm
Quoting tonyo524
Only a problem if it's in your account!
So that extra 10 pips is not a typo?

Seriously?

SL at 3390 for your current short and a pending short @3400?

Dude...thats retarded...unless you are trading with a zero spread....and even then.....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #355,169
  • Dec 30, 2010 6:42pm Dec 30, 2010 6:42pm
Quoting Magix
So that extra 10 pips is not a typo?

Seriously?

SL at 3390 for your current short and a pending short @3400?

Dude...thats retarded...unless you are trading with a zero spread....
Here we go.



If I'm stopped out, I will be reentered at a higher price, and the spread fluctuates between .8 and 1 pip. I'm trading the real trend, the down trend. Are we finished?
All that is left in FF is just plain garbage. "Cloggie"
  • #355,170
  • Dec 30, 2010 6:44pm Dec 30, 2010 6:44pm
Quoting tonyo524
Here we go. If I'm stopped out, I will be reentered at a higher price, and the spread fluctuates between .8 and 1 pip. I'm trading the real trend, the down trend. Are we finished?
Yeah buddy, rock on...

Not that I like to see people lose, but it would be most amusing if because of a 10 pip difference from your stop loss to your pending order, you got tripped out and missed the whole ride.

I hate to make judgments, but on this one...you do seem a little foolish...

Are you sure this is what you are saying?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #355,171
  • Dec 30, 2010 6:52pm Dec 30, 2010 6:52pm
Quoting Magix
Yeah buddy, rock on...

Not that I like to see people lose, but it would be most amusing if because of a 10 pip difference from your stop loss to your pending order, you got tripped out and missed the whole ride.

I hate to make judgments, but on this one...you do seem a little foolish...

Are you sure this is what you are saying?
I really don't like to go over a 200 pip sl on a weekly trade. On this particular trade I would rather be in from 3400 so if I get stopped out, I would hope to be rentered at 3400 which would allow me to go with another 160 pip sl but from a better position. It would be the same as if I was manually watching the trade, cut my losses now, and waited to reenter manually, except it takes the emotion, hesitancy, and all other factors out of it.

I won't convert back to a euro bull unless we have an opening candle above the middle bollinger on the weekly.

Nothing wrong with healthy debates as long as they are kept civil!
All that is left in FF is just plain garbage. "Cloggie"
  • #355,172
  • Dec 30, 2010 6:57pm Dec 30, 2010 6:57pm
Quoting tonyo524
I'm in @3260 tp 2500 sl 3390, I have a pending sell at 3400
By my math...
3390-3260=130
3400-3390=10

Quoting tonyo524
I really don't like to go over a 200 pip sl on a weekly trade. On this particular trade I would rather be in from 3400 so if I get stopped out, I would hope to be rentered at 3400 which would allow me to go with another 160 pip sl but from a better position. It would be the same as if I was manually watching the trade, cut my losses now, and waited to reenter manually, except it takes the emotion, hesitancy, and all other factors out of it.

I won't convert back to a euro bull unless we have an opening candle above the middle bollinger on the...
I am not telling you to convert back to a Euro bull...

I am saying that having 1 order stop to take another one 10 pips away when you would suffer from a loss of 130 anyways is flat out retarded.

But hey, chime on dude. I'm finished with you.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #355,173
  • Dec 30, 2010 7:04pm Dec 30, 2010 7:04pm
Quoting Magix
By my math...
3390-3260=130
3400-3390=10



I am not telling you to convert back to a Euro bull...

I am saying that having 1 order stop to take another one 10 pips away when you would suffer from a loss of 130 anyways is flat out retarded.

But hey, chime on dude. I'm finished with you.

Ok B have a good New Year!
All that is left in FF is just plain garbage. "Cloggie"
  • #355,174
  • Dec 30, 2010 7:08pm Dec 30, 2010 7:08pm
Quoting Magix
So that extra 10 pips is not a typo?

Seriously?

SL at 3390 for your current short and a pending short @3400?

Dude...thats retarded...unless you are trading with a zero spread....and even then.....
LooooooooooooooooL i agree with u boss most amazing pending order ive ever seen on forex history

man seriously mind your RR ratio please
Verily, in every difficulties there is relief
  • #355,175
  • Dec 30, 2010 7:10pm Dec 30, 2010 7:10pm
Quoting primzvicious
LooooooooooooooooL i agree with u boss most amazing pending order ive ever seen on forex history

man seriously mind your RR ratio please
It's a "Hall Of Fame" post if you ask me.

No nomination, no voting, just moved to the head of the class....and stamped as #1.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #355,176
  • Dec 30, 2010 7:11pm Dec 30, 2010 7:11pm
Quoting The Fool
http://www.newyorkfed.org/markets/to..._schedule.html

QE2 is still on the menu, $10 - $14 Billion this week. China rate hike didn't do much to slow down the Asian markets and so was baked in already from expectations a couple weeks ago.

If Moody's doesn't sober up get back to work and downgrade Latvia or some shit the euro could drift up to 1.33 on weak volume by Wednesday...
benchmark
"If The Fool persists in his Folly he will become wise." - William Blake
  • #355,177
  • Dec 30, 2010 7:15pm Dec 30, 2010 7:15pm
Quoting The Fool
benchmark
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #355,178
  • Dec 30, 2010 7:16pm Dec 30, 2010 7:16pm
Quoting primzvicious
LooooooooooooooooL i agree with u boss most amazing pending order ive ever seen on forex history

man seriously mind your RR ratio please
In a martingale system one would simply add the extra trade. at 3400. Me, I'm cutting the previous trade and then reentering at a higher price as to not have 2 trades running. The new trade will have a stop loss at a much higher level. In regards to rr ratio. 160 sl to 600+ tp is good enough for me. Now if that's to hard to understand, I really don't see how I can make it any clearer. Besides, I thought you was Clownies cheerleader. When did you migrate to Magix.


Just playing
All that is left in FF is just plain garbage. "Cloggie"
  • #355,179
  • Dec 30, 2010 7:20pm Dec 30, 2010 7:20pm
Quoting tonyo524
In a martingale system one would simply add the extra trade. at 3400. Me, I'm cutting the previous trade and then reentering at a higher price as to not have 2 trades running. The new trade will have a stop loss at a much higher level. In regards to rr ratio. 160 sl to 600+ tp is good enough for me. Now if that's to hard to understand, I really don't see how I can make it any clearer. Besides, I thought you was Clownies cheerleader. When did you migrate to Magix.


Just playing
Ya know when ya hear people say, "Quit while you're ahead"...

This is one of them times, but instead of "Quitting while you're ahead", you should just "Quit", there is no ahead on this one for you...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #355,180
  • Dec 30, 2010 7:22pm Dec 30, 2010 7:22pm
Quoting tonyo524
In a martingale system one would simply add the extra trade. at 3400. Me, I'm cutting the previous trade and then reentering at a higher price as to not have 2 trades running. The new trade will have a stop loss at a much higher level. In regards to rr ratio. 160 sl to 600+ tp is good enough for me. Now if that's to hard to understand, I really don't see how I can make it any clearer. Besides, I thought you was Clownies cheerleader. When did you migrate to Magix.


Just playing
you were right im just some unvouched joker
its even more clearer if u switch to long on your expected sl..
just my thought
Verily, in every difficulties there is relief
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