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Price is everything

  • #9,861
  • Feb 23, 2011 1:33pm Feb 23, 2011 1:33pm

sold aud @ 1.00118

  • #9,862
  • Feb 23, 2011 1:43pm Feb 23, 2011 1:43pm
Quoting redsword11

sold aud @ 1.00118


Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 66 KB




will monitor for exit
  • #9,863
  • Feb 23, 2011 2:15pm Feb 23, 2011 2:15pm
Quoting Orbital
as if it had any significant effect, everybody who does a bit of reading knows that housesales have been the worst since fucking ever. Numbers were good but euro still shot up. House sales is one of those useless pieces of information you dont really give a shit about.
Based on history, it is futile to believe the numbers presented by the government. They constantly revise them. Bumbling idiots!
  • #9,864
  • Feb 23, 2011 2:20pm Feb 23, 2011 2:20pm
Quoting redsword11

sold aud @ 1.00118

http://i54.tinypic.com/29pdmjc.gif

Was that a scalp Red?
  • #9,865
  • Feb 23, 2011 2:21pm Feb 23, 2011 2:21pm
Quoting redsword11
Attachment



will monitor for exit
How do you even bother with that pair? Its so erratic right now, look at kiwi jumping 30 pips in 10 minutes.. cant trade that shit right now.
  • #9,866
  • Edited 2:36pm Feb 23, 2011 2:23pm | Edited 2:36pm
Evening everyone,
hey Red, what you think about this mate?
hk

EDIT: missed to attach the chart :s .... DUMBASS
Attached Image (click to enlarge)
Click to Enlarge Name: gold 23-02-11.PNG Size: 31 KB
  • #9,867
  • Feb 23, 2011 2:25pm Feb 23, 2011 2:25pm
Quoting mgs1f
Let me know if you agree with this sell? Great post
http://i55.tinypic.com/v4uwpf.gif

Best time to short was above 1.6230
  • #9,868
  • Feb 23, 2011 2:39pm Feb 23, 2011 2:39pm
Quoting Orbital
How do you even bother with that pair? Its so erratic right now, look at kiwi jumping 30 pips in 10 minutes.. cant trade that shit right now.

it spiked a horizontal just now, holding it south
  • #9,869
  • Feb 23, 2011 2:39pm Feb 23, 2011 2:39pm
Quoting hkkhanus
Evening everyone,
hey Red, what you think about this mate?
hk

EDIT: missed to attach the chart :s .... DUMBASS

yes, l am going to concentrate on slv - doesn't spike as much ........
  • #9,870
  • Feb 23, 2011 2:58pm Feb 23, 2011 2:58pm
Quoting anthoniex
EU
feeling bullish. target around 1.3785
off by 2 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 41 KB
  • #9,871
  • Feb 23, 2011 2:59pm Feb 23, 2011 2:59pm
http://i52.tinypic.com/15gdlqg.gif

Waiting...
  • #9,872
  • Feb 23, 2011 3:00pm Feb 23, 2011 3:00pm
Quoting redsword11
it spiked a horizontal just now, holding it south
Im just not entirely convinced that trade was worth the risk given the current price action, im in complete risk aversion mode untill monday to be honest. I like the way my EU charts predicted what happened though, so im scalping the trend buying/selling on dips since last nights trade sort of went bad.
  • #9,873
  • Feb 23, 2011 3:08pm Feb 23, 2011 3:08pm
scalp
Attached Image
TRUST THE PROCESS !
  • #9,874
  • Feb 23, 2011 3:15pm Feb 23, 2011 3:15pm
Quoting cablito
scalp


bought it
  • #9,875
  • Feb 23, 2011 3:33pm Feb 23, 2011 3:33pm
As I ended up with two -2% trades today, I am going to give this a rest till Monday. With dollar weakness we are looking at yearly highs (at least) and yearly lows across many of the pairs and together with middle eastern antics which all look like they are going to kick off at any moment, I dont think I have a good enough edge to get me to break even or better at the moment.

There is a danger that I am going to start jumping on the back of things just to be active in the market and have some positions on my book.

I know that some of you will thrive and do well in such conditions, but Ill sit this one out and come back on Monday.

Cheers All.
  • #9,876
  • Feb 23, 2011 3:41pm Feb 23, 2011 3:41pm
Quoting Decimal
As I ended up with two -2% trades today, I am going to give this a rest till Monday. With dollar weakness we are looking at yearly highs (at least) and yearly lows across many of the pairs and together with middle eastern antics which all look like they are going to kick off at any moment,...
Certainly a smart move, dont get yourself down, i was up a shitton of money and lost about 80% of it on fucking retarded trades and being wipped because i decided to go "lol showertime". Scalping remains the most profitable in these situations, never hold for longer than 2-3 pips, never for more than 30sec-2 minutes if the trade doesnt go in your favour.

Listen this market is sort of retarded, i had clearly marked levels on EURUSd that i posted on the weekend, i even posted the inverse h&S, the bullflag, the exact zones it responded at today. And it wasnt of much help because im fucking annoyed by wicks. Usually what i do is trade audusd instead but i cant even do that right now because kiwi is fucking retarded. Kudos to red for holding onto such a position but my trading and scalping rules will not allow me to stay in a position which moves 5-10 pips against me.

So dont loose your focus, take a bath, drink some alcohol, smoke some weed or just generally relax by doing yoga or some shit like that, look at your charts, remember your strategy and execute it.

Kind regard and take care.

Alexander
  • #9,877
  • Feb 23, 2011 3:41pm Feb 23, 2011 3:41pm
USDJPY
bought @ 82.50
SL 82.30
TP 83.10

a bit late entry...I'm taking it anyway since RRR still pretty good.
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 28 KB
  • #9,878
  • Feb 23, 2011 3:50pm Feb 23, 2011 3:50pm
sold cable @ 1.62101



scalp for 15 ppints
  • #9,879
  • Feb 23, 2011 4:47pm Feb 23, 2011 4:47pm
http://i56.tinypic.com/2n53k0.gif

Waiting to short...
  • #9,880
  • Feb 23, 2011 5:12pm Feb 23, 2011 5:12pm
Hello Traders,
How did it go today?

Sold EU ages ago. It wont go anywhere.
Attached Image (click to enlarge)
Click to Enlarge Name: eu lassi.gif Size: 25 KB
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