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  • #418,541
  • Apr 6, 2011 12:45pm Apr 6, 2011 12:45pm
so what side of the fence are you on now??

Quoting kenfen69
Trichet has got to be effin and blinding! Less than 24 hours before he has to go out there and give the world the biggest crock of shit...things are progressing so well, we gotta raise rates!

Epic!
I don't trust any move - when you have profit...take it.
  • #418,542
  • Apr 6, 2011 12:46pm Apr 6, 2011 12:46pm
Quoting Faller
so what side of the fence are you on now??
Which fence?
  • #418,543
  • Apr 6, 2011 12:47pm Apr 6, 2011 12:47pm
Quoting someone1
Portuguese bailout confirmed
I suspect we will print a new high...
  • #418,544
  • Apr 6, 2011 12:47pm Apr 6, 2011 12:47pm
http://www.hudson-ny.org/1340/the-eu-likely-breakup


This article has been published almost a year ago. Why it is so interesting is that many of the things talked about in it are now reality. Northern Europeans are sick and tired of bailing out those underdeveloped slums of the south. All in all, history is repeating itself, try to force different cultures into a union without the consent of the people and you will always get the same result. Drugged by political correctness it is too difficult for most to see!
  • #418,545
  • Apr 6, 2011 12:49pm Apr 6, 2011 12:49pm
long or short.....that fence..

Quoting kenfen69
Which fence?
I don't trust any move - when you have profit...take it.
  • #418,546
  • Apr 6, 2011 12:50pm Apr 6, 2011 12:50pm
just you were saying buy buy buy....and this post seems like you were saying sell sell sell....unless i misread your words....and if I did...I say sorry.



Quoting kenfen69
Trichet has got to be effin and blinding! Less than 24 hours before he has to go out there and give the world the biggest crock of shit...things are progressing so well, we gotta raise rates!

Epic!
I don't trust any move - when you have profit...take it.
  • #418,547
  • Apr 6, 2011 12:51pm Apr 6, 2011 12:51pm
Quoting paul1
First can i say initial entry is the most risky one ,make it small if your still nervous make it smaller .if it moves against you so what.
Now if it goes the way you thought add keeping the average as far from the action as you feel comfortable with . base your profits from your average. if your in a trend add when your real confident ,reduce as you feel hesitant .

Entering full size right in price action would be to nerve racking for me i like to be as far away as possible.

For example adding one lot to 10 wont move my average much therefore...
I use to do that when I was able to be at the monitor all day, but it became too complicated, which lead to low confidence.I like to keep things simple, and for me to sit down and compute the averages/perecents of everything would be too time-consuming for me,espicially that early in the am.My ea can do it,but with me not being able to see the pa I wouldn't know where to set the add more lots and where to set tp and sl.maybe when I'm further along and more comfortable with trading I will play dr.who with it.
For now, I'm doing what gets me my goal of 2-4% per day.If I get stopped out I study the trade and see what happened.Did something like news break,did I read the chart wrong, or was I just simply wrong.usually its the latter.
  • #418,548
  • Edited 12:54pm Apr 6, 2011 12:52pm | Edited 12:54pm
Portugal just happened.

Had this happened a couple hours ago I think we would've seen more of a reaction.
  • #418,549
  • Apr 6, 2011 1:02pm Apr 6, 2011 1:02pm
Quoting Ineedpips9
Portugal just happened.

Had this happened a couple hours ago I think we would've seen more of a reaction.
Like 1.45?
  • #418,550
  • Apr 6, 2011 1:08pm Apr 6, 2011 1:08pm
I don't believe it.....the big money is always in the market....they never sleep.

Quoting fldash
Like 1.45?
I don't trust any move - when you have profit...take it.
  • #418,551
  • Apr 6, 2011 1:08pm Apr 6, 2011 1:08pm
Quoting fldash
Like 1.45?
Don't think it would've been that big in such a short time period,but I think had it been actually confirmed during say the London/NY overlap,things would've been different I do believe. I think it would've been like when the nfp comes in with a big suprise,for example, at first. Then it would've picked up momentum.But if I'm reading you right (1.45) I don't think that big of pip swing would've happened.Thats reaching flash crash territory.
  • #418,552
  • Apr 6, 2011 1:11pm Apr 6, 2011 1:11pm
I was being facetious.
  • #418,553
  • Apr 6, 2011 1:12pm Apr 6, 2011 1:12pm
Tracking down.

----Blue is buy zone.

----Blue line is where I think we will see a pivot candle before my H1 long target is hit. (second chart)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu h1 retrace.gif Size: 17 KB
Click to Enlarge Name: eu h1.gif Size: 17 KB
  • #418,554
  • Apr 6, 2011 1:13pm Apr 6, 2011 1:13pm
Quoting fldash
Like 1.45?
May I know why It would makesuch a big jump ?
  • #418,555
  • Apr 6, 2011 1:13pm Apr 6, 2011 1:13pm
Quoting Faller
long or short.....that fence..
Intra-day...I'm like a leaf blowing on the wind. Like to hit my targets...and don't care how I get there.

Long-term...I'm short. I've mentioned it a few times. I'm building a short position that I hope to let run. 800+ pips is what I am hoping to hit, as that is the longest I have ever held a trade. I hope to take stock of that around 1.30. I re-invest roughly 2% of my profits into my long-term plays.

There is no exact method to my madness, but I won't let trades just sit there in DD for ages. For example, I had a nice sized long trade today that I closed around 1.4330. At the same time, I also took out a much smaller short that was running since 1.4164. I then added another small (but slightly larger than the one I took out) long term short at 1.4344. At this moment, I am net short from 1.4303.

And so the sequence will continue...we'll see how it all pans out.
  • #418,556
  • Apr 6, 2011 1:13pm Apr 6, 2011 1:13pm
Quoting T@rantula
I have entered a long at cable 6337 s/l 6282 tp 6390-6420.

As for EU id rather wait for a pullback for BUY setup.
I lost 70 pips on NEWS spike and I was really pissed off.

I have controlled myself not to take ANY REVENGE trades, and I was patient enough to wait for other opportunities.

Lastly I made +40 on fiber, +60 on dragon, and +10 on looney.

Very hard day to trade but I needed to cover my losses, thats why i was absent today.

40 pips total, not bad for today.
  • #418,557
  • Apr 6, 2011 1:17pm Apr 6, 2011 1:17pm
nice.....I am also short...short average in from .4305 - now I trade futures....not fx lot sizes.....same sh*t - different pile......

cheers.


Quoting kenfen69
Intra-day...I'm like a leaf blowing on the wind....
I don't trust any move - when you have profit...take it.
  • #418,558
  • Apr 6, 2011 1:18pm Apr 6, 2011 1:18pm
Quoting T@rantula
I lost 70 pips on NEWS spike and I was really pissed off.

I have controlled myself not to take ANY REVENGE trades, and I was patient enough to wait for other opportunities.

Lastly I made +40 on fiber, +60 on dragon, and +10 on looney.

Very hard day to trade but I needed to cover my losses, thats why i was absent today.

40 pips total, not bad for today.
Well handled!
  • #418,559
  • Apr 6, 2011 1:19pm Apr 6, 2011 1:19pm
Quoting fldash
I was being facetious.
Oh
well then in that case yes
  • #418,560
  • Apr 6, 2011 1:20pm Apr 6, 2011 1:20pm
What do you think...

Spain next = 1.50
Italy = 1.60
France = ???

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