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The WoRmHoLe

  • #10,501
  • Apr 4, 2011 4:12am Apr 4, 2011 4:12am
Quoting chazzle
I'm taking a shot long on this 13570 with a tight SL for the pair - 13540
Yes - too tight , SL moved to 13525 - if that goes , won't touch it
  • #10,502
  • Apr 4, 2011 4:17am Apr 4, 2011 4:17am
EU long 14200 SL 14155 , under DP EMA20 H4 , and PA S/R 14170

that's it - sorry for too many posts be back later
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  • #10,503
  • Apr 4, 2011 5:47am Apr 4, 2011 5:47am
Quoting chazzle
Take a look at this - I've just gone long 15535 - and almost beaten the horrendous spread already SL 15445
Trade closed 15568 (GBPCAD)
  • #10,504
  • Apr 4, 2011 5:48am Apr 4, 2011 5:48am
Quoting chazzle
GU long 16145
Closed 16157
  • #10,505
  • Apr 4, 2011 5:49am Apr 4, 2011 5:49am
Quoting chazzle
I'm taking a shot long on this 13570
Closed 13578 (GBPJPY)
  • #10,506
  • Apr 4, 2011 5:50am Apr 4, 2011 5:50am
Quoting chazzle
EU long 14200
... and closed 14225
  • #10,507
  • Apr 4, 2011 6:17am Apr 4, 2011 6:17am
I am still looking for good set ups to trade. I cannot find anything. I tried scalping and as always I lost money... Trying to scalp again... Shorting
EUR/USD @1.4211... 0.5 lots
I might loose money this time too i guess.. itching to trade.(^_^)
  • #10,508
  • Apr 4, 2011 6:18am Apr 4, 2011 6:18am
Would consider a short if we break the MP - would look for break then retest
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  • #10,509
  • Apr 4, 2011 6:21am Apr 4, 2011 6:21am
Quoting Xxavier
Shorting
EUR/USD @1.4211... 0.5 lots
What's your reasoning behind the short , if you don't mind me asking? Also - do you have a stop loss in mind?
  • #10,510
  • Apr 4, 2011 6:29am Apr 4, 2011 6:29am
Good question. I am not sure why did I short..(^_^).. The only thing is I see the price action is getting really tired and was looking for 10-15 pips scalp. Nothing more.. I am watching the action and will close it if it moves 10-15 pips in the opposite direction....
I think i deserve to loose money for being impatient and taking stupid trades like this. This is some thing i have been working on since day1..

Quoting chazzle
What's your reasoning behind the short , if you don't mind me asking? Also - do you have a stop loss in mind?
  • #10,511
  • Apr 4, 2011 6:35am Apr 4, 2011 6:35am
Quoting Xxavier
Good question. I am not sure why did I short..(^_^).. The only thing is I see the price action is getting really tired and was looking for 10-15 pips scalp. Nothing more.. I am watching the action and will close it if it moves 10-15 pips in the opposite direction....
I think i deserve to loose money for being impatient and taking stupid trades like this. This is some thing i have been working on since day1..

i used to have the same problem (and sometimes still i have). Azim told me then to stick to the higher TF.. and when he said that.. he meant daily chart with 4h as a trigger. Then of course i wach PA in 1 hour.. especially considering that lately we are almost going sideway...

Today i didn't take any trade yet... nothing that i liked. Of course many setups on 15 mins and some on 30 mins.. but i don't watch them at all anymore.

EDIT: i would even add that before i was biting my hands because i though i could have gone long due to the favourable setup on hourly chart on GU and EU... but then if u look at the 4h chart u will see that these 2 signals were in conflict, so i staied aside... but hands were itching a lot. Still think i did the right thing thou
I don't want a job, i want money!
  • #10,512
  • Apr 4, 2011 6:36am Apr 4, 2011 6:36am
well, from my point of view, your short is not so bad choice, I still have pend. order to go long from 1,4185. 200ema on 15min wasnt touched ad DP wasn`t touched either, triangle on 15 min. is still correct, so I think that if I was scalper I will try to short as well, but probably from TL so little bit higher...

good luck to all

Quoting Xxavier
Good question. I am not sure why did I short..(^_^).. The only thing is I see the price action is getting really tired and was looking for 10-15 pips scalp. Nothing more.. I am watching the action and will close it if it moves 10-15 pips in the opposite direction....
I think i deserve to loose money for being impatient and taking stupid trades like this. This is some thing i have been working on since day1..
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  • #10,513
  • Apr 4, 2011 7:15am Apr 4, 2011 7:15am
Picking up GU from where I left off - Friday high/MP look safely behind us for now long 16155 SL 16110
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  • #10,514
  • Apr 4, 2011 7:27am Apr 4, 2011 7:27am
Quoting Xxavier
I think i deserve to loose money for being impatient and taking stupid trades like this. This is some thing i have been working on since day1..
Well keep trying to be disciplined - everyone here is in the same boat
  • #10,515
  • Apr 4, 2011 7:31am Apr 4, 2011 7:31am
Quoting chazzle
Picking up GU from where I left off - Friday high/MP look safely behind us for now long 16155 SL 16110
Closed 16170
  • #10,516
  • Apr 4, 2011 8:11am Apr 4, 2011 8:11am
effing balls - so much GPBCAD left on the table -
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  • #10,517
  • Apr 4, 2011 9:32am Apr 4, 2011 9:32am
Thank you..I need to work on how to be patient and not trade when there is nothing... So far i lost $150 for being impatient. I am done for the day.. closing my computer and going to bed......
Quoting chazzle
Well keep trying to be disciplined - everyone here is in the same boat
  • #10,518
  • Apr 4, 2011 9:49am Apr 4, 2011 9:49am
Guys,

Does the DP calculation on Monday takes only Friday or Friday + Sunday?
Although sunday normally don't move much but this question is playing on my mind.

Any kind soul can clarify?

Thanks a million

Regards
David
  • #10,519
  • Apr 4, 2011 10:36am Apr 4, 2011 10:36am
Quoting chazzle
Would consider a short if we break the MP - would look for break then retest
Short 16122 SL 16145/50 or a break back above the MP if it happens quickly ... looking for 16085
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  • #10,520
  • Apr 4, 2011 11:03am Apr 4, 2011 11:03am
Quoting chazzle
Short 16122 SL 16145/50 or a break back above the MP if it happens quickly ... looking for 16085
Well not that quick , but still ... not going to stubbornly hold a loss out for -8
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