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  • #379,581
  • Feb 4, 2011 4:25am Feb 4, 2011 4:25am
Quoting PhAnTi'
provide ur statement with some charts....
3615 acts like a super strong support, if it can't break it, there is only one other direction it can go. Below 3700 is my daily pivot, 3750 another resistance. Thats why.
  • #379,582
  • Feb 4, 2011 4:25am Feb 4, 2011 4:25am
Quoting Shah22
out 3625.. +11.. thats okey .. neutral now..
hehe. Well as I say 3635. magic.
  • #379,583
  • Feb 4, 2011 4:28am Feb 4, 2011 4:28am
Quoting T@rantula
hehe. Well as I say 3635. magic.
i got 3640 T.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 34 KB
Hero calls followed by margin calls...
  • #379,584
  • Feb 4, 2011 4:28am Feb 4, 2011 4:28am
Attached Image (click to enlarge)
Click to Enlarge Name: 47 15 min feb 4 11.gif Size: 20 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #379,585
  • Feb 4, 2011 4:29am Feb 4, 2011 4:29am
Quoting PhAnTi'
i got 3640 T.

Attachment
3635 as someone say...balance point.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 17 KB


scalps closed.
  • #379,586
  • Feb 4, 2011 4:31am Feb 4, 2011 4:31am
Quoting fr600
I hate it so far, -12 from 2 trades.

Seems like you have a too tight SL,

I use two stops, one for where I absolutely dont think the price is going aka. SL (2-5%) depends on my mood...

The other stop is made when the price moves against me but still hasnt touched SL... Like a drawdown before a small wave up and then exit...

I think many traders have a hard time placing stops...

I truly believe that when you control your losses youre on a good way for being consistently profitable...
  • #379,587
  • Feb 4, 2011 4:31am Feb 4, 2011 4:31am
Quoting T@rantula
3635 as someone say...balance point.
Hero calls followed by margin calls...
  • #379,588
  • Feb 4, 2011 4:31am Feb 4, 2011 4:31am
short cable 20/40 sl/tp.
Hero calls followed by margin calls...
  • #379,589
  • Feb 4, 2011 4:32am Feb 4, 2011 4:32am
Morning all,

Was wondering how much you guys risk on all open trades for say a $20,000 account? 1, 4 or 5 lot total??

other stuff :

One of my 2TB hard drives started dying.
Their disk tool said:
"We strongly recommend that you backup your computer to avoid potential data loss."
I didn't lose any data(had a backup already, but posted this to remind you guy to backup your stuff cause losing a ton of data sucks
  • #379,590
  • Feb 4, 2011 4:33am Feb 4, 2011 4:33am
Trickie T on the microphone : P
Hero calls followed by margin calls...
  • #379,591
  • Feb 4, 2011 4:35am Feb 4, 2011 4:35am
Quoting realjumper
Do yourself a favour.....stop now.....take the rest of the week off. The market will still be here next week. Nothing good will happen until after the NFP circus.
I lack patience and most times I end up trading on the middle with stops on both sides. No more trades without proper setup.
  • #379,592
  • Feb 4, 2011 4:36am Feb 4, 2011 4:36am
Well that looks a bit naughty one.
it can be a forming a double top on daily
or it can be inverted H&S ?
phew.. i am going to wait .. for now
Quoting PhAnTi'
short cable 20/40 sl/tp.
  • #379,593
  • Feb 4, 2011 4:39am Feb 4, 2011 4:39am
Quoting hkkhanus
Well that looks a bit naughty one.
it can be a forming a double top on daily
or it can be inverted H&S ?
phew.. i am going to wait .. for now
yup looks quiet shittie so far ^^
Hero calls followed by margin calls...
  • #379,594
  • Feb 4, 2011 4:39am Feb 4, 2011 4:39am
Hey Guys Whats up...

Quoting PhAnTi'
i got 3640 T.

Attachment
Trade what you see, Not what you think.
  • #379,595
  • Feb 4, 2011 4:39am Feb 4, 2011 4:39am
Quoting fr600
I lack patience and most times I end up trading on the middle with stops on both sides. No more trades without proper setup.
IMO, patience is a HUGE part of successful fx trading. It might take all day for the setup to materialise......it might come 2 or 3 times in a day....it might not come for the whole day. You can only trade tomorrow if you survive today!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #379,596
  • Feb 4, 2011 4:39am Feb 4, 2011 4:39am
Quoting T@rantula
hehe. Well as I say 3635. magic.
yup 3635 is a magic and 3642 is also a magic number for me .. since morning i scalp 3637.. 7 times for 3-4 pips maximum.. this one for 21 pips.. but i feel better to cut with +11.. thats okey

Now can patience till NFP..
  • #379,597
  • Feb 4, 2011 4:41am Feb 4, 2011 4:41am
all this scalping reminds me of a great song i listen to earlier today

Inserted Video
  • #379,598
  • Feb 4, 2011 4:41am Feb 4, 2011 4:41am
Quoting Shah22
yup 3635 is a magic and 3642 is also a magic number for me .. since morning i scalp 3637.. 7 times for 3-4 pips maximum.. this one for 21 pips.. but i feel better to cut with +11.. thats okey

Now can patience till NFP..
  • #379,599
  • Feb 4, 2011 4:41am Feb 4, 2011 4:41am
Yeah...

Quoting Shah22
yup 3635 is a magic and 3642 is also a magic number for me .. since morning i scalp 3637.. 7 times for 3-4 pips maximum.. this one for 21 pips.. but i feel better to cut with +11.. thats okey

Now can patience till NFP..
Trade what you see, Not what you think.
  • #379,600
  • Feb 4, 2011 4:43am Feb 4, 2011 4:43am
Quoting Larseg
Seems like you have a too tight SL,

I use two stops, one for where I absolutely dont think the price is going aka. SL (2-5%) depends on my mood...

The other stop is made when the price moves against me but still hasnt touched SL... Like a drawdown before a small wave up and then exit...

I think many traders have a hard time placing stops...

I truly believe that when you control your losses youre on a good way for being consistently profitable...
You are right, too tight SL is a bad idea. But the market has been ranging between 3640 and 3620, so I thought 6 pips might work. But I entered too early or too late.
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