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  • #426,481
  • Apr 21, 2011 6:21am Apr 21, 2011 6:21am
Quoting WintersWolf
I was almost about to close it out at BE, then it dropped some more so I set trailing stop and locked in about $52 profit.
Well done. Good spot. It moved too quickly for me to do anything. I used to get quite emotional about trades (win or lose) but I've stopped that now and it allows for better decision making.

Doesn't mean decisions are always right of course, but whether you make $52 or $52K or lost $52 shouldn't make a difference. But if you lose $52K... something is obviously very wrong!
A pip is only worth it if you know how much you risked to earn it
  • #426,482
  • Apr 21, 2011 6:22am Apr 21, 2011 6:22am
Quoting SirMcPip
The extreme moves in EU are alerting us that the awaited longer correction is approaching. A weekly close above 1.4580 will give us one more push to the 1.4750-1.4800 zone from where we should start a longer period of consolidation with 1.4000 as a potential target.No weekly close above there and we are done. So be prepared guys, its time again for "debt concerns" in the EUSSR, more McDonalds "career" openings in the USA and the ensuing overheating of the "economy" caused by motivated Burger Flippers. Then in about couple of months time the...
Yes ... interesting view ...

But at the moment I think ... we will go lower again ... after one more last attempt to the 1.4625/ 30 region ...

And then ... bam ... downside correction at first ... although corrective in nature ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #426,483
  • Apr 21, 2011 6:22am Apr 21, 2011 6:22am
Quoting kill56
a chart plz
i dunno, that's what people were saying, i'm just a relatively new trader.

i would have scrolled back on this forum, but even though it was yesterday, there was loads of bullshit in between.
  • #426,484
  • Apr 21, 2011 6:22am Apr 21, 2011 6:22am
#4 4594 then decent move indicated. but 4564 is still a support.
#5 4546.5 this is the 3 time this level has popped up in the last 2 days.
those who can, do. those who cant, talk about those who can
  • #426,485
  • Apr 21, 2011 6:22am Apr 21, 2011 6:22am
Quoting WintersWolf
People are always going to disagree here, but especially when times are so uncertain.
that's true.
  • #426,486
  • Apr 21, 2011 6:23am Apr 21, 2011 6:23am
Quoting Larseg
Trying a new long again here, how you all going?
How do you account for news coming out soon?
  • #426,487
  • Apr 21, 2011 6:25am Apr 21, 2011 6:25am
Quoting PayTheLimit
well for me an hourly close under 4624/25, could bring a chance at 4552/59..until then 4653 is still on tap...I'm flat..
short for lower...
Look Sharp/Trade Tight
  • #426,488
  • Apr 21, 2011 6:28am Apr 21, 2011 6:28am
Quoting kill56
how are u bro hope all great and safe miss u in the room
Thanks dear , me too miss all of you , enjoyed with great experience here & there in bangladesh last 45 days through lots dust /polution ofcourse . people did changed a lot there with new booming economic setups perhaps if no unrest politically.

here also seems safe now & hope all good your side too.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #426,489
  • Apr 21, 2011 6:29am Apr 21, 2011 6:29am
Quoting rashygomez
How do you account for news coming out soon?
My coin flip has 3 sides with 2 tails and 1 head Im always betting tails...

fxstreet
The Dollar has continued plummeting across the board, weighed by increased concerns about the US Congress' ability to tackle its long-term fiscal pressures, which has taken the Greenback to fresh year lows against Euro and Pound and record lows against Aussie and Swiss Franc.

Doubts about the efficiency of US fiscal policy have fuelled Dollar bears, says the Commerzbank analysts team: "Hardly surprising, as the dollar bears have got new reasons to go short in USD: the inability of the US Congress to agree on an increase of the debt limit has caused attention to refocus on the sustainability of the US fiscal situation. At the same time it feeds doubts as to whether the political system in the US is able to produce a sustainable fiscal policy at all."

EUR/USD has surged to 1.4155 to fresh 156-month highs at 1.4650 so far, while the GBP/USD rally from 1.6165 accelerated above 1.6425/35 resistance to reach 1.6570 high, and the USD/CHF, capped yesterday at 0.9000 resistance has dropped to fresh record lows at 0.8810.




Only trading news reaction not the news itself...
  • #426,490
  • Apr 21, 2011 6:31am Apr 21, 2011 6:31am
Quoting fontu
Thanks dear , me too miss all of you
eh? didn't realise this was a mutual love room...
  • #426,491
  • Apr 21, 2011 6:32am Apr 21, 2011 6:32am
Quoting Larseg
My coin flip has 3 sides with 2 tails and 1 head Im always betting tails...
Hmmm, interesting coin you got there.
  • #426,492
  • Apr 21, 2011 6:33am Apr 21, 2011 6:33am
Really you find that surprising????? It is par for the course. Unless you have a crystal ball and can let us all know where it is going 100% there are always going to be a difference of opinions. No one I know can say 100% where the market is going to go. You use experience, fundies, and techs and use your knowledge but still in the end trade what you see. Try not to be biased one way or the other and I beleive you will be much more successful; but once again that is just my opinion.


Quoting rashygomez
there was a double top yesterday, some were saying there could be a break out, some were saying there could be a bounce.

funny how so many people disagree here.
  • #426,493
  • Apr 21, 2011 6:34am Apr 21, 2011 6:34am
levels still valid
Attached Image (click to enlarge)
Click to Enlarge Name: 4h eur.gif Size: 19 KB
  • #426,494
  • Apr 21, 2011 6:37am Apr 21, 2011 6:37am
What are levels for closing this hour, anyone? Is it still bullish or are we finally seeing a bearish trend (i'm thinking that just because I want it to plummet om nom) so since I have a bias'd opinion, would like to see what you guys are thinking

Any charts you can attach always help me understand your reasoning

^ learning

Oh btw found a video starring talentfx here.

Spoke too soon, thanks kill
  • #426,495
  • Apr 21, 2011 6:38am Apr 21, 2011 6:38am
Quoting Larseg
My coin flip has 3 sides with 2 tails and 1 head Im always betting tails...

fxstreet
The Dollar has continued plummeting across the board, weighed by...
lol thats cloggies coin did he give u one
  • #426,496
  • Apr 21, 2011 6:39am Apr 21, 2011 6:39am
Quoting gman29
Really you find that surprising????? It is par for the course. Unless you have a crystal ball and can let us all know where it is going 100% there are always going to be a difference of opinions. No one I know can say 100% where the market is going to go. You use experience, fundies, and techs and use your knowledge but still in the end trade what you see. Try not to be biased one way or the other and I beleive you will be much more successful; but once again that is just my opinion.
Yeah, but what's even funnier is how those who got it wrong go into hiding for a few days!
  • #426,497
  • Apr 21, 2011 6:39am Apr 21, 2011 6:39am
Quoting rashygomez
Hmmm, interesting coin you got there.
actually thinking about it, how do you make a coin with just 3 sides??!?
  • #426,498
  • Apr 21, 2011 6:40am Apr 21, 2011 6:40am
Quoting FxPlayboy
Keep it up buddy, trend like this only happen 20% of the time and made 80% of the move,vice versa How's my neighbour country Singapore doing?
Lol we're from the same place dude. I'm just working here Nice place to work. Not as nice to live
  • #426,499
  • Apr 21, 2011 6:40am Apr 21, 2011 6:40am
IMO, this pair will probably go down because there is a big weekend ahead and therefore big players will start to take profit or cover long positions. If the next H4 candle opens on the other side of the trendline, this scenario might be validaded...
Attached Image (click to enlarge)
Click to Enlarge Name: H4.jpg Size: 488 KB
  • #426,500
  • Apr 21, 2011 6:40am Apr 21, 2011 6:40am
Quoting rashygomez
actually thinking about it, how do you make a coin with just 3 sides??!?
Well technically, the "rim" of the coin or whatever is a side, then heads and tails. So the third is if the coin lands vertical
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