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  • #428,741
  • Apr 26, 2011 9:51am Apr 26, 2011 9:51am
Quoting thelws
Dude... give it up man. You are denying the fact that you can be wrong. Even on daily charts, the max i'd give is 250 pips to be wrong. The price action on daily charts indicate a strong trend upwards. All indicators show the same.

Unless some news happens, there is no way this pair is stopping the long term up momentum.

You are what I call prime example of getting married to the trade. You won't let it go even if it kills you
While I do agree with everything you have said here, 250 pips for daily?!? wow! I let 100 pips max go... Not sure I would even like that on the weekly! Wowzers.

I know that if I experience 100 pip draw down on the daily, my entry was piss poor, time to move on
  • #428,742
  • Apr 26, 2011 9:52am Apr 26, 2011 9:52am
damn, was up to late too get on the london trend, so just a few scalps today, if you see me around tonight just tell me to go to bed and get an early night for once...
  • #428,743
  • Apr 26, 2011 9:54am Apr 26, 2011 9:54am
Quoting Venice
While I do agree with everything you have said here, 250 pips for daily?!? wow! I let 100 pips max go... Not sure I would even like that on the weekly! Wowzers.

I know that if I experience 100 pip draw down on the daily, my entry was piss poor, time to move on
lol I have a tendency to give 2 atr values if I'm not confident. That is my absolute max.

Any more and its real hard to justify the risk reward since I'm always aiming for at least 1:1
  • #428,744
  • Apr 26, 2011 9:55am Apr 26, 2011 9:55am
Quoting Venice
While I do agree with everything you have said here, 250 pips for daily?!? wow! I let 100 pips max go... Not sure I would even like that on the weekly! Wowzers.

I know that if I experience 100 pip draw down on the daily, my entry was piss poor, time to move on
depends what currencies your trading

GBPJPY 100 pips is nothing.
GBPCHF
The DOW
Crude
Gold
you need wider stopp losses to trade these


eurusd is far tamer....yes 250 pips is a joke!
rat
  • #428,745
  • Apr 26, 2011 9:56am Apr 26, 2011 9:56am
Morning everybody .

I will sleep more often, is measurably better for my performance, to not watch the noise.

Ah well, I'm now starting a shorting party.
  • #428,746
  • Apr 26, 2011 9:56am Apr 26, 2011 9:56am
Quoting thelws
lol I have a tendency to give 2 atr values if I'm not confident. That is my absolute max.

Any more and its real hard to justify the risk reward since I'm always aiming for at least 1:1
Right on... regardless, the important piece is that you do have limits set.
  • #428,747
  • Apr 26, 2011 10:00am Apr 26, 2011 10:00am
Eur/usd have a resistanc in 1.51

if broke this resistance it may go upper than 1.70

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  • #428,748
  • Apr 26, 2011 10:00am Apr 26, 2011 10:00am
waiting for london close
  • #428,749
  • Apr 26, 2011 10:00am Apr 26, 2011 10:00am
Guys let's see how it works out. I'm definitely not married to my trades, I just have some longer term positions too. Also, I traded long side of the market so even if I close those positions that i have on 1.4380, 1.4450 and 1.4550 - I would be in nice profit.

All I'm saying that I'm still confident about retrace to 1.40 - 1.41 area and eur/usd is topped. 600 pips can be easily reached within day or two....
  • #428,750
  • Apr 26, 2011 10:03am Apr 26, 2011 10:03am
Out of the bull
making green pips large and red pips small this is my goal.
  • #428,751
  • Apr 26, 2011 10:04am Apr 26, 2011 10:04am
short @ 46212
  • #428,752
  • Apr 26, 2011 10:05am Apr 26, 2011 10:05am
back to 4613, time to long??
  • #428,753
  • Apr 26, 2011 10:07am Apr 26, 2011 10:07am
I'm not in this pair (I'm currently holding UCad shorts), but this EU-thing wants to go to 1.50xx
Si vis pacem, para bellum.
  • #428,754
  • Apr 26, 2011 10:07am Apr 26, 2011 10:07am
Quoting Barata
short @ 46212
Closed @ 46180
  • #428,755
  • Apr 26, 2011 10:08am Apr 26, 2011 10:08am
3rd try to push up doesnt look good for higher today .
but we also struggle to push below 4600 .
Maybe sideways in a range till a break. 4580 too 4650 areas .
range trade it till then .
get in near high or low with stops above below .
making green pips large and red pips small this is my goal.
  • #428,756
  • Apr 26, 2011 10:08am Apr 26, 2011 10:08am
Scored 20 pips on this one, almost too easy
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  • #428,757
  • Apr 26, 2011 10:08am Apr 26, 2011 10:08am
5 min TF wave 4 elliott wave wave e could have just completed which would take us to new highs in a final 5th
Don't have an ego. Always question yourself and your ability.
  • #428,758
  • Apr 26, 2011 10:09am Apr 26, 2011 10:09am
still staggering a lot , not even 4651 yet . lets see
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #428,759
  • Apr 26, 2011 10:09am Apr 26, 2011 10:09am
4 hr chart:

As long as the bull flag upper trend line holds, targets are 4681,4739,4797,4880 and 4986.
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  • #428,760
  • Apr 26, 2011 10:09am Apr 26, 2011 10:09am
short at 4648
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