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EURUSD

  • #389,061
  • Feb 17, 2011 4:39am Feb 17, 2011 4:39am
Quoting T@rantula
only if there is momentum and ONLY if spreads are 1-2 pips at the most because the price u pay to your broker doesnt justify the risk and reward
yep, agreed.
  • #389,062
  • Feb 17, 2011 4:39am Feb 17, 2011 4:39am
Quoting T@rantula
I lost my GU yesterday, but subsequently covered it with USDCHF and USDJPY.

Stay away from the choppy market
even it give me +30 but just a mistake i didnt scaled it out because waiting 6060

yes sideline is much better
  • #389,063
  • Feb 17, 2011 4:40am Feb 17, 2011 4:40am
Quoting tradertom
look for 61,8 level @ 1,6157 ...could be!
6145 is the hard one on my charts ..
  • #389,064
  • Feb 17, 2011 4:40am Feb 17, 2011 4:40am
Quoting T@rantula
Thats a spinning top which indicates indecision
exactly, i hate indecision.
  • #389,065
  • Feb 17, 2011 4:41am Feb 17, 2011 4:41am
hmmm maybe it's better to stay out today?
  • #389,066
  • Feb 17, 2011 4:41am Feb 17, 2011 4:41am
Quoting Shah22
even it give me +30 but just a mistake i didnt scaled it out because waiting 6060

yes sideline is much better
yes Shah...thats why I always scale out. But no worries market is here...just wait for it to come to you
  • #389,067
  • Feb 17, 2011 4:43am Feb 17, 2011 4:43am
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 69 KB



resolving ..........
  • #389,068
  • Feb 17, 2011 4:46am Feb 17, 2011 4:46am
spinning top.

bullshit.

do something dammit.
  • #389,069
  • Feb 17, 2011 4:47am Feb 17, 2011 4:47am
It's best to wait for a breakout of this range.
  • #389,070
  • Feb 17, 2011 4:48am Feb 17, 2011 4:48am
Quoting Larseg
The Irony here is the only response I got from that post is a trader who can trade

However let me explain closer as someone might have missed out..

So, if you have a risk reward of 1:1,

3 pips win and you will either loose 5 or win 1 due to the spread
5 pips win 3 or loose 7
10 pips = win 8 or loose 12

the spread is always lost yeah? Thank you..

very good reasoning...I agree.
  • #389,071
  • Feb 17, 2011 4:48am Feb 17, 2011 4:48am
oh yes ... baby...
I just woke up ...
and TP got hit on shorted EUR/USD @ 1.3550
right on the spot ... couldnt ask for more
  • #389,072
  • Feb 17, 2011 4:49am Feb 17, 2011 4:49am
Quoting fx111
It's best to wait for a breakout of this range.
yeah, but we could be waiting all day.
  • #389,073
  • Feb 17, 2011 4:49am Feb 17, 2011 4:49am
Quoting aarontdang
oh yes ... baby...
I just woke up ...
and TP got hit on shorted EUR/USD @ 1.3550
right on the spot ... couldnt ask for more
haha, good shit!
  • #389,074
  • Feb 17, 2011 4:50am Feb 17, 2011 4:50am
Quoting fxvoilaaa
hmmm maybe it's better to stay out today?
yes. remember. Sometimes NOT TAKING a position equals = PROFIT.

You need to know when to trade and when to stay out.
  • #389,075
  • Feb 17, 2011 4:50am Feb 17, 2011 4:50am
I won't be surprised at all if it will touch 1,3650 area.

yeah, but first of all .3569 must be past I think...
  • #389,076
  • Feb 17, 2011 4:51am Feb 17, 2011 4:51am
Quoting fxvoilaaa
haha, good shit!

I know ...

19 PIPS X 4
  • #389,077
  • Feb 17, 2011 4:52am Feb 17, 2011 4:52am
Quoting T@rantula
yes. remember. Sometimes NOT TAKING a position equals = PROFIT.

You need to know when to trade and when to stay out.
yeah i know, but sometimes can't be arsed with the waiting game.
  • #389,078
  • Feb 17, 2011 4:53am Feb 17, 2011 4:53am
Quoting fxvoilaaa
yeah, but we could be waiting all day.
No, just until news.
  • #389,079
  • Feb 17, 2011 4:56am Feb 17, 2011 4:56am
Quoting fx111
No, just until news.
yeah, but i hate it when news causes the market to go crazy.
  • #389,080
  • Feb 17, 2011 4:59am Feb 17, 2011 4:59am
USD/CAD ...its not moving up ....
I have heavy long positions ..
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