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  • #411,121
  • Mar 22, 2011 1:35am Mar 22, 2011 1:35am
Quoting Pratik
Closed the position for -20...
Probably better than 50-50 that you'll congratulate yourself on basis of outcome, and congratulate yourself now on basis of risk aversion and being willing to admit the water was getting deeper and darker.
  • #411,122
  • Mar 22, 2011 1:35am Mar 22, 2011 1:35am
Quoting Pratik
I am short on E/U from 1.4205 since last night.. Theres no movement and at present i am 20 pips in red.. What should b done...?
The EURUSD is in an uptrend and trying to trade against the trend is for people who are either very brave or not to smart. (no offense meant) If you learn only one rule in forex it should be that the trend is your friend.

However if you are trading against the trend you will need start small and then keep adding until you get a retrace and can take profits. I personally would not catch a falling knife as they can hurt your account, if you are not 100% up on your money management.

You should put your stop above yesterdays high and take the loss if it gets there because letting losers run is the second deadly sin in forex after over-leveraging.

Good luck
Timing is everything
  • #411,123
  • Mar 22, 2011 1:36am Mar 22, 2011 1:36am
Quoting Pratik
Closed the position for -20...
u could have waited until london gets going usually will try to buy cheap or set up a sell esp since we can expect up to 25 percent higher volatility from dst
  • #411,124
  • Mar 22, 2011 1:43am Mar 22, 2011 1:43am
I see divergence on 1h chart, could set upmfor bear run after London open.

I also suspect profit taking from this rally ahead of if not agn1.4281.


Silver and gold breaking trend and going down, shorting aud/usd at 1.0075, open target with sl at all time high.

(anyone know how to rid of 'junior membership'?)
  • #411,125
  • Mar 22, 2011 1:54am Mar 22, 2011 1:54am
tp was changed 1.421 tp hitted and closed

20Pips
(Eur)



Quoting khizer
short: 1.423
tp: 1.42
Trade what you see, Not what you think.
  • #411,126
  • Mar 22, 2011 1:56am Mar 22, 2011 1:56am
Time for correction...

http://www.technicalanalysis.me/2011...-22nd-mar.html

http://3.bp.blogspot.com/-5aZ3naCtJU...rian220311.gif
Dreaming in Charts...
  • #411,127
  • Mar 22, 2011 1:59am Mar 22, 2011 1:59am
Quoting JuliusCeasar

Week has been test of 3850 support before big bull

I took my eyes off my 3800 longs yesterday and regreted it

Thankfully i recovered to get some nice long off 4050 eu and 6075 gu (called here LIVE)

next week 4250 and beyond

.
longs coming along nicely

there is a risk of it going back to confirm 3940-4000 area as support but bull is alive and strong

watch out for 4300 becoming support to target 1.45 and beyond


.
Mind over matter..I don't mind and you don't matter.
  • #411,128
  • Mar 22, 2011 2:00am Mar 22, 2011 2:00am
Quoting agolac
Time for correction...
Now, those are different than some percentages quoted somewhere upthread by Patience. He had Dukas clients about 55% short, and retail significantly short.

But, yeah, it's time for correction. It's time for me to be in bed, too, but here I am.
  • #411,129
  • Mar 22, 2011 2:08am Mar 22, 2011 2:08am
lol... You're reading it backwards.

Currently they are showing more short position holders, which is why they are suggesting long, which would be "trading against the herd".

Listening to site suggestions isn't a good idea. They're wrong a lot of the time too.

Trade your charts.


Quoting agolac
Time for correction...

http://www.technicalanalysis.me/2011...-22nd-mar.html

http://3.bp.blogspot.com/-5aZ3naCtJU...rian220311.gif
  • #411,130
  • Mar 22, 2011 2:11am Mar 22, 2011 2:11am
Silver'5m/15m showing bearish setup.

Trigger finger ready to short, u.s.'commodity futures are looking to be opening lower as of now. Signal to short aud and nzd possibly.

Stupid mod queue
- lonely -' no one reading this ...
  • #411,131
  • Mar 22, 2011 2:13am Mar 22, 2011 2:13am
Quoting Fudomyo
lol... You're reading it backwards.

Currently they are showing more short position holders, which is why they are suggesting long, which would be "trading against the herd".

Listening to site suggestions isn't a good idea. They're wrong a lot of the time too.

Trade your charts.
Not reading anything, just longing for correction....as soon as possible...
It has been strong move for now, don't you think we're ought to see some correction? It's going up for 400 pips now. It has to stop sometimes ;o)
Dreaming in Charts...
  • #411,132
  • Mar 22, 2011 2:14am Mar 22, 2011 2:14am
I think 1.42385 is close enough to 1.4239. Now the question is will it continue upwards?
  • #411,133
  • Mar 22, 2011 2:15am Mar 22, 2011 2:15am
Quoting Fudomyo
lol... You're reading it backwards.

Currently they are showing more short position holders, which is why they are suggesting long, which would be "trading against the herd".

Listening to site suggestions isn't a good idea. They're wrong a lot of the time too.

Trade your charts.
Welcome back FUDO.

How you doing bro?

Hope everything is well with your friends.
  • #411,134
  • Mar 22, 2011 2:20am Mar 22, 2011 2:20am
orange/green...or is it green/orange...
Attached Image
Look Sharp/Trade Tight
  • #411,135
  • Mar 22, 2011 2:21am Mar 22, 2011 2:21am
Quoting ak4x
Omg... a'rd the 3:50 mark... "smoke comin out of your mouth..."

And I'm off to bed...
I bookmarked it, to have with breakfast. Bed time for me, too, or the wife will start calling me by the milkman's name, and we don't even have a milkman.

But, for all the EUR bulls (and don't get me wrong; I'm long for reasons that go beyond understanding), look at this US Long Bond v E/D chart. Note the pretty good mirroring of movement, but of late, the E/D seems a little more detached in its climb.

So that friskiness must be due to the EUR more than the USD. And things are going very well in Europe, then?...
Attached Image (click to enlarge)
Click to Enlarge Name: zb-EUR.jpg Size: 93 KB
  • #411,136
  • Mar 22, 2011 2:22am Mar 22, 2011 2:22am
Quoting honeybhi
Welcome back FUDO.

How you doing bro?

Hope everything is well with your friends.
cheers mate

we're all good. trying get my head back into work after everything that happened the past week. it's still a lot to absorb. (we were positioned to get on a hydrofoil to Busan if the reactor blew). since I have a family and pregnant wife in tow, they're my first priority, but we are very happy we didn't have to leave.

there's a lot of rebuilding to do ...time to make some serious pips.
  • #411,137
  • Mar 22, 2011 2:25am Mar 22, 2011 2:25am
Quoting Fudomyo
cheers mate

we're all good. trying get my head back into work after everything that happened the past week. (we were positioned to get on a hydrofoil to Busan if the reactor blew). since I have a family and pregnant wife in tow, they're my first priority, but we are very happy we didn't have to leave.

there's a lot of rebuilding to do ...time to make some serious pips.
c'mon mate.. you are a strong GUY

bbl in london
  • #411,138
  • Mar 22, 2011 2:26am Mar 22, 2011 2:26am
First resistance on my charts is @4276.
  • #411,139
  • Mar 22, 2011 2:27am Mar 22, 2011 2:27am
Quoting agolac
Not reading anything, just longing for correction....as soon as possible...
It has been strong move for now, don't you think we're ought to see some correction? It's going up for 400 pips now. It has to stop sometimes ;o)

No it doesn't have to lol. Did you forget 2008? 800 pip move down almost with no retrace. I remembered it finally did retrace for about 150 pips or so and went down again.
  • #411,140
  • Mar 22, 2011 2:28am Mar 22, 2011 2:28am
Magix, thanx for the links, PTL
Look Sharp/Trade Tight
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