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  • #397,581
  • Feb 28, 2011 12:26pm Feb 28, 2011 12:26pm
Quoting PayTheLimit
3778/3784 was key this morning, starting to look pretty important again, that should hold the pullback, however a good break under there and, well it could be a new can of worms on the shelf...3716/30 below there....pitty on the time of day, I would expect a nice move of this level, but the clocks against it for today me thinks....well fo me anyway..


Well this time it looks like even going past that strong support area of 1.37 to 720 also ? For this we have next few days to check it out and moreover its already too much of bullish days hence some real bearish days ahead as usd is getting too low against all the majors >>>>>> Any counter views *
finding A M S
  • #397,582
  • Feb 28, 2011 12:29pm Feb 28, 2011 12:29pm
Quoting Magix
Euro 15m and fibo support @ current.

Dips below would see support only on Daily/weekly roll...

Upward channel to follow the fib fan...green. Stochs look to be oversold, possible turn time.

daily is more likely with some spikes , still all cards on the table risky
  • #397,583
  • Feb 28, 2011 12:30pm Feb 28, 2011 12:30pm
Quoting gatorinla
not a bear yet. (this would be #1) it has to touch the pip.. then probably slip below some then bounce above... when so close to the pip it normally comes back.. to get its pip.. i close in the slip.. and re-enter the bounce.

Impressive... to the pip, as you say.

can you recommend some good reading, training?

thx
cheers
  • #397,584
  • Feb 28, 2011 12:31pm Feb 28, 2011 12:31pm
Quoting prashant7
I understand that " but you had some bad trades out there last few days ? right> any ways now i hope u are doing good
Look.

When you trade seriously you always have some bad trades. It depends how bad they are.

For example I made 620 pips in January, while February brought me approximately 150. Im always true to myself and people who I work with or help.

The point in forex is to cut ur losses short. You need to accept the loss and move forward. I never leave my trades w/o S/L.

I dont mind if its hit, I know I will make triple the pips I would have made next time I make an entry.

The losses are a part of traders' job, but in order to be profitable you need to let ur profits run and cut ur losses.

In days like these trading is not easy as it is when we have a TREND.

That explains why I was maybe the only one short on this thread today.
That doesnt mean that the others dunno how to trade, its just that there are days when no matter how professional u are, u will lose.
  • #397,585
  • Feb 28, 2011 12:32pm Feb 28, 2011 12:32pm
Quoting kill56
daily is more likely with some spikes , still all cards on the table risky
well, if its going to bounce, I would expect it to do it in this area......lol
Look Sharp/Trade Tight
  • #397,586
  • Feb 28, 2011 12:34pm Feb 28, 2011 12:34pm
Quoting pkimnyc
Already?
closed -7 n out.


choopy day.
hate it.

silver saved me ....anyway
Hero calls followed by margin calls...
  • #397,587
  • Feb 28, 2011 12:37pm Feb 28, 2011 12:37pm
Quoting PhAnTi'
closed -7 n out.


choopy day.
hate it.

silver saved me ....anyway
not much volume after London packs. It's always been that way. Both parties won. Bulls and bears. Should step aside from the chart. Enjoy the day, work hard. LOL
  • #397,588
  • Feb 28, 2011 12:39pm Feb 28, 2011 12:39pm
Hey Magix,

Any chance you can zip your two indicators (Stochs/MACD) for me please?



Quoting Magix
Euro 15m and fibo support @ current.

Dips below would see support only on Daily/weekly roll...

Upward channel to follow the fib fan...green. Stochs look to be oversold, possible turn time.
Disclaimer: Check your 1m charts
  • #397,589
  • Feb 28, 2011 12:41pm Feb 28, 2011 12:41pm
Quoting pipper
Hey Magix,

Any chance you can zip your two indicators (Stochs/MACD) for me please?

go to his thread its there the last one
  • #397,590
  • Feb 28, 2011 12:42pm Feb 28, 2011 12:42pm
Quoting gatorinla
not a bear yet. (this would be #1) it has to touch the pip.. then probably slip below some then bounce above... when so close to the pip it normally comes back.. to get its pip.. i close in the slip.. and re-enter the bounce.
bull needs 3796.6 now st.. bull still had the ball last
bear still needs 3779
those who can, do. those who cant, talk about those who can
  • #397,591
  • Feb 28, 2011 12:44pm Feb 28, 2011 12:44pm
By accident I bought EU while I thought I was buying UY
But okay, lets see how it works out.
Minus 12 pips so far.





Edit: Sorry minus 8 now.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #397,592
  • Feb 28, 2011 12:45pm Feb 28, 2011 12:45pm
Quoting T@rantula
Look.

When you trade seriously you always have some bad trades. It depends how bad they are.

For example I made 620 pips in January, while February brought me approximately 150. Im always true to myself and people who I work with or help.

The point in forex is to cut ur losses short. You need to accept the loss and move forward. I never leave my trades w/o S/L.

I dont mind if its hit, I know I will make triple the pips I would have made next time I make an entry.

The losses are a part of traders' job, but in order to be profitable you need...
Noobs can save themselves a lot of heart ache and broken forex accounts by following these wise words.

Well said and let me say I really love your posts.
Timing is everything
  • #397,593
  • Feb 28, 2011 12:46pm Feb 28, 2011 12:46pm
Quoting KillerWhale
By accident I bought EU while I thought I was buying UY
But okay, lets see how it works out.
Minus 12 pips so far.
Open another bottle of Vodka, everything will be OK.
The Thief of Wall Street
  • #397,594
  • Feb 28, 2011 12:46pm Feb 28, 2011 12:46pm
Quoting KillerWhale
By accident I bought EU while I thought I was buying UY
But okay, lets see how it works out.
Minus 12 pips so far.





Edit: Sorry minus 10 now.
LOL. Don't drinking while trading...
  • #397,595
  • Feb 28, 2011 12:47pm Feb 28, 2011 12:47pm
Quoting pipper
Hey Magix,

Any chance you can zip your two indicators (Stochs/MACD) for me please?


Stochs and MACD in the folder.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #397,596
  • Feb 28, 2011 12:47pm Feb 28, 2011 12:47pm
Thanks Kill

Quoting kill56
go to his thread its there the last one
Disclaimer: Check your 1m charts
  • #397,597
  • Feb 28, 2011 12:47pm Feb 28, 2011 12:47pm
Quoting Gull
Noobs can save themselves a lot of heart ache and broken forex accounts by following these wise words.

Well said and let me say I really love your posts.
Thanks a lot.
  • #397,598
  • Feb 28, 2011 12:48pm Feb 28, 2011 12:48pm
Quoting Chicky
Open another bottle of Vodka, everything will be OK.
That works too. LOL
  • #397,599
  • Feb 28, 2011 12:48pm Feb 28, 2011 12:48pm
Thanks Magix.. Much appreciated

Quoting Magix
Stochs and MACD in the folder.
Disclaimer: Check your 1m charts
  • #397,600
  • Feb 28, 2011 12:49pm Feb 28, 2011 12:49pm
Quoting pkimnyc
LOL. Don't drinking while trading...
dammmm no trading with out drinking and for sure smoking
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