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  • #418,001
  • Apr 5, 2011 10:20am Apr 5, 2011 10:20am
Quoting Shadip
Bought at 1.4178, sl@ xx35 tp leting run, will close at xx265ish though if the 4 hour test says bull. For me we are in a demand area, so only longs
completely unsure what will happen at 7, getting out
  • #418,002
  • Apr 5, 2011 10:24am Apr 5, 2011 10:24am
Quoting Venice
Maybe, but they will eat you alive as well. Daily chart, everything is a multiple of 10 of what you would do in lets say a 5m or 15m.

Draw down, fake outs, and of course profit.

And of course, need room for the big swings. I ended up getting stoped at +5 this morning on a euro daily short swing, which was up around 60 pips at one point. Still nothing to write home about, but it's the concept that is frustrating. I guess they all can't be runners
Yeah I like the daily/weekly chart because I will get in at highs and lows with very nice tight stops and end up with anywhere from 2-10:1 Risk:Reward It is frustrating though when I make a mistake and get stopped out even if it is at break even. The nice thing is, there are not nearly as many fake outs on the higher TF and trading the way I do the trades nearly ALWAYS give the opportunity to move stops to break even, and when they do not give the opportunity I am hardly losing anything compared to the gains. I like to think of it as:"When I am right I am really right, and when I am wrong I am slightly wrong."

-On a side note....how do all of you fancy posters make more than one quote per post? I'd love to do that so I don't clutter the thread!

  • #418,003
  • Apr 5, 2011 10:29am Apr 5, 2011 10:29am
Quoting FibbinArchie
out of short, failing to take out 22x and too much event risk from fomc minutes...
you jumped the boat too early.
The dreamers are the saviors of the world.
  • #418,004
  • Apr 5, 2011 10:31am Apr 5, 2011 10:31am
Quoting drumdude
Yeah I like the daily/weekly chart because I will get in at highs and lows with very nice tight stops and end up with anywhere from 2-10:1 Risk:Reward It is frustrating though when I make a mistake and get stopped out even if it is at break even. The nice thing is, there are not nearly as many fake outs on the higher TF and trading the way I do the trades nearly ALWAYS give the opportunity to move stops to break even, and when they do not give the opportunity I am hardly losing anything compared to the gains. I like to think of it as:"When I am...
Use the [ QUOTE="insert name here"] "insert quote here" and then when you are done with the quote use [/QUOTE ]

without the spaces
The dreamers are the saviors of the world.
  • #418,005
  • Apr 5, 2011 10:33am Apr 5, 2011 10:33am
hope it bounces off this fib line or i'm out....

edit: well so much for that..stopped out at 4214, probably better off considering the FOMC minutes coming out.
  • #418,006
  • Apr 5, 2011 10:34am Apr 5, 2011 10:34am
Quoting AriX3
you jumped the boat too early.
I'm fine with that, not comfortable with gold breaking to record high, inverse correlation against usd and fomc within the hour, if in doubt get out, can always look for another entry after fomc minutes...

i think it's important to learn to be comfortable leaving money on the table...

also my reason for being in the trade, ie. London close counter trend isn't materialising as I'd like to see, whoops ticking down as I type, but then that's trading...
  • #418,007
  • Apr 5, 2011 10:50am Apr 5, 2011 10:50am
Price action bounced off supertrend line at 1.4154
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The trend is my friend? The world casino is my friend!
  • #418,008
  • Apr 5, 2011 11:04am Apr 5, 2011 11:04am
sigh... i thought the EU would move more than this.... heavy news??? LOL....
  • #418,009
  • Apr 5, 2011 11:06am Apr 5, 2011 11:06am
man its moving up again. aside from gold is there any reason for this move?
The dreamers are the saviors of the world.
  • #418,010
  • Apr 5, 2011 11:07am Apr 5, 2011 11:07am
Quoting Azinvg
triggered. sorry ;=)
i wouldn't have done this normally, post trades after the fact. but this is because you tried to act smart earlier. been out of both trades for almost 40 pips.

take away.... next time be humble. it helps.

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  • #418,011
  • Apr 5, 2011 11:16am Apr 5, 2011 11:16am
According to the fomc minutes ,they are divided but seem to feel no need to raise rates or end qe2.
so that leaves us with eur expectation of 1% increase this year starting thursday at .25% =bull eur confirmation thursday
making green pips large and red pips small this is my goal.
  • #418,012
  • Apr 5, 2011 11:33am Apr 5, 2011 11:33am
Quoting FibbinArchie
will do, but think there's a lot who have buggered off...
Yes, it's been real nice at least the past 24 hours...
  • #418,013
  • Apr 5, 2011 11:34am Apr 5, 2011 11:34am
Quoting Pipwanderer
waiting for 1.4150 to go long....pending long there.
managed to pull the trigger ar 1.4153 still holding..might just be a swing trade for me . 8 Hour charts look bullish will post one later at rollover
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  • #418,014
  • Apr 5, 2011 11:36am Apr 5, 2011 11:36am
hey guys
RSI and stocastic divergence on M15
time to short?
what you think?
  • #418,015
  • Apr 5, 2011 11:36am Apr 5, 2011 11:36am
Quoting paul1
According to the fomc minutes ,they are divided but seem to feel no need to raise rates or end qe2.
so that leaves us with eur expectation of 1% increase this year starting thursday at .25% =bull eur confirmation thursday
there's no surprise or anything novel. the market didn't 'price in' the end of QE2 but it sure as hell priced in a hike. if the eu was on solid footing then i'm a buyer. however, to me... these are just sell opportunities until the real shit hits the fan. like... where's the bailout money coming from. Germany. don't think so. this last move up was on thin ass volume.
  • #418,016
  • Apr 5, 2011 11:38am Apr 5, 2011 11:38am
Looking 1D chart we are in highest price since 5-11-2010 (resistance), a doji was formed so propably we will have a reversal....Waiting for any news that will help for the reversal....
  • #418,017
  • Apr 5, 2011 11:38am Apr 5, 2011 11:38am
any other news beside of raising interest-rate for euro would shoot Euro to a very deep correction
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What does the world cost? A shit, so sell it!
  • #418,018
  • Apr 5, 2011 11:40am Apr 5, 2011 11:40am
Quoting Shadip
So you reckon it will take a impulse upwards to the w1/m1 trend line then come back down? Or just break it with stong bull? :/
Here is the MN chart I posted a while back...we already got the close and high below the TL (March) as I thought. We are currently piercing the TL and I will be looking for a high at the 50 Level (may not be this month) And then I expect a retrace to the TL on the opposite side.

Cheers.
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  • #418,019
  • Apr 5, 2011 11:45am Apr 5, 2011 11:45am
A bit of selling of stocks in NY atm.
  • #418,020
  • Apr 5, 2011 11:46am Apr 5, 2011 11:46am
I'll sell another bounce into the close.
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