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EURUSD

  • #387,681
  • Feb 15, 2011 7:19pm Feb 15, 2011 7:19pm
why has the PA froze.....
  • #387,682
  • Feb 15, 2011 7:20pm Feb 15, 2011 7:20pm
Quoting SunTrader
Been there done that before.
This is the name of the game. Three steps forward and two steps backward. Consistent levels of risk / reward keeps one going.
The Thief of Wall Street
  • #387,683
  • Feb 15, 2011 7:20pm Feb 15, 2011 7:20pm
200ema blocking the USDX way to go down.
Trade to enjoy... Money is after!
  • #387,684
  • Feb 15, 2011 7:21pm Feb 15, 2011 7:21pm
Quoting redsword11
Attachment



appears like a bearflag from demand, if it holds and is capped by dtl ...........


well you know the rest

Attached Image (click to enlarge)
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  • #387,685
  • Feb 15, 2011 7:21pm Feb 15, 2011 7:21pm
Quoting petehnm
why has the PA froze.....
someone stick another 50p in the meter, would be nice to get out of my submerged short at even...
  • #387,686
  • Feb 15, 2011 7:24pm Feb 15, 2011 7:24pm
Quoting FibbinArchie
someone stick another 50p in the meter, would be nice to get out of my submerged short at even...
Euro bull is just relentless tonight. Looks like it's building a breakout triangle at my current resistance level of 3535...

I tell you, how do I always end up on the wrong side of these things... LOL
  • #387,687
  • Feb 15, 2011 7:24pm Feb 15, 2011 7:24pm
Quoting petehnm
why has the PA froze.....
Because it is here.
Attached Image
The Thief of Wall Street
  • #387,688
  • Feb 15, 2011 7:26pm Feb 15, 2011 7:26pm
Quoting Venice
Euro bull is just relentless tonight. Looks like it's building a breakout triangle at my current resistance level of 3535...

I tell you, how do I always end up on the wrong side of these things... LOL
off to the races without much more than a 10 retrace...

I can feel another averaging scalp coming on...
  • #387,689
  • Feb 15, 2011 7:26pm Feb 15, 2011 7:26pm
Quoting Venice
Euro bull is just relentless tonight. Looks like it's building a breakout triangle at my current resistance level of 3535...

I tell you, how do I always end up on the wrong side of these things... LOL
Had to open my mouth, didn't I... haha
  • #387,690
  • Feb 15, 2011 7:27pm Feb 15, 2011 7:27pm
Quoting FibbinArchie
off to the races without much more than a 10 retrace...

I can feel another averaging scalp coming on...
3550... [edit] oops
  • #387,691
  • Feb 15, 2011 7:28pm Feb 15, 2011 7:28pm
Quoting redsword11
Attachment
Agree.
Trade to enjoy... Money is after!
  • #387,692
  • Feb 15, 2011 7:31pm Feb 15, 2011 7:31pm
Quoting Venice
3550... [edit] oops
Retest of 3535 as support now... blah blah, we all know the drill. Let's get on with it already
  • #387,693
  • Feb 15, 2011 7:33pm Feb 15, 2011 7:33pm
This doesn't sound too good, if true, does it?

Retail Trading Fast Becoming The Biggest Player In FX
I’ve just read a report on the retail market in the online FX world and the numbers are becoming quite staggering. One of the bigger US brokers turned over $260 billion in January and there are at least 5 major players in the US. Then there are all the other brokers in different locations around the globe.
I think in future, rather than worrying about what China, the BIS or some hedge funds are doing, we should be focussing on what the typical retail FX trader is doing.

www.forexlive.com
  • #387,694
  • Feb 15, 2011 7:34pm Feb 15, 2011 7:34pm
Quoting Mr Hatch
This doesn't sound too good, if true, does it?

Retail Trading Fast Becoming The Biggest Player In FX
I’ve just read a report on the retail market in the online FX world and the numbers are becoming quite staggering. One of the bigger US brokers turned over $260 billion in January and there are at least 5 major players in the US. Then there are all the other brokers in different locations around the globe.
I think in future, rather than worrying about what China, the BIS or some hedge funds are doing, we should be focussing on what the typical...
No, it makes price look like crap! Constant buying and selling in all the wrong places. lol
  • #387,695
  • Feb 15, 2011 7:34pm Feb 15, 2011 7:34pm
eu bearish divergence in m1.
Touch bearish M30 trendline.
Could be end of bouncing...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2.gif Size: 13 KB
Trade to enjoy... Money is after!
  • #387,696
  • Feb 15, 2011 7:35pm Feb 15, 2011 7:35pm
Quoting Venice
Euro bull is just relentless tonight. Looks like it's building a breakout triangle at my current resistance level of 3535...

I tell you, how do I always end up on the wrong side of these things... LOL

I joined you on the wrong side tonight. I took a 15 PIP loss and then another 5 PIP loss earlier. Bad thing is on the 15 PIP loss it retraced most of it after I bailed. Now that stunk. LOL! I am down 20 so I am either going to call it a night or I am left scalping 2 to 3 PIP gains for the next while trying to make some of that back before heading to bed. It took 2/3 of my gains from today during US. I don't know why I even bother with Asia sometimes. GOOD LUCK!
  • #387,697
  • Feb 15, 2011 7:39pm Feb 15, 2011 7:39pm
Quoting Piptaker
I joined you on the wrong side tonight. I took a 15 PIP loss and then another 5 PIP loss earlier. Bad thing is on the 15 PIP loss it retraced most of it after I bailed. Now that stunk. LOL! I am down 20 so I am either going to call it a night or I am left scalping 2 to 3 PIP gains for the next while trying to make some of that back before heading to bed. It took 2/3 of my gains from today during US. I don't know why I even bother with Asia sometimes. GOOD LUCK!
What's even greater... all it would have taken was a simple buy order and pretty much guaranteed profit...

Need to drill into my head... go with flow, not against. One day, i'll learn.
  • #387,698
  • Feb 15, 2011 7:41pm Feb 15, 2011 7:41pm
Quoting Piptaker
I joined you on the wrong side tonight. I took a 15 PIP loss and then another 5 PIP loss earlier. Bad thing is on the 15 PIP loss it retraced most of it after I bailed. Now that stunk. LOL! I am down 20 so I am either going to call it a night or I am left scalping 2 to 3 PIP gains for the next while trying to make some of that back before heading to bed. It took 2/3 of my gains from today during US. I don't know why I even bother with Asia sometimes. GOOD LUCK!
just reverse your bias, as soon as asia enters. they are dollar-bears most of the time. pa wants weekly pivot for now, as we have been rejected from weekly support and monthly pivot. a look at murray math at different timeframes also helps.

i could just bite my ass again... and again that I didn't hold the long position entered at monthly pivot... why the hell do I do this shit over and over again?
Attached Image (click to enlarge)
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  • #387,699
  • Feb 15, 2011 7:42pm Feb 15, 2011 7:42pm
Quoting Venice
No, it makes price look like crap! Constant buying and selling in all the wrong places. lol
sounds like it might become untradeable.
  • #387,700
  • Feb 15, 2011 7:45pm Feb 15, 2011 7:45pm
Quoting Piptaker
I joined you on the wrong side tonight. I took a 15 PIP loss and then another 5 PIP loss earlier. Bad thing is on the 15 PIP loss it retraced most of it after I bailed. Now that stunk. LOL! I am down 20 so I am either going to call it a night or I am left scalping 2 to 3 PIP gains for the next while trying to make some of that back before heading to bed. It took 2/3 of my gains from today during US. I don't know why I even bother with Asia sometimes. GOOD LUCK!
This is what happens and the result of each happening:

1. Stopped out and pa keeps on going against the position - Loss
2. Stopped out, but pa returns and starts going in the direction of the trade - Loss
3. Take profit and then pa returns and starts going against the position - Gain
4. Initial profit but pa does not hit tp it finally returns and hits stop loss - Loss
5. Initial loss but pa does not hit sl it finally returns and hits tp - Gain
6. Take profit and pa keeps on going in the direction of the trade - Gain

Conclusion:
Do not get frustrated. Take all losses with a grain of salt.
The Thief of Wall Street
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