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EURUSD

  • #436,461
  • May 5, 2011 10:54am May 5, 2011 10:54am
Quoting fontu
breaking m1 channel , 4619-24 to pullback tl before up for 3674 , or any . antitrend , care .
fontu
are you still expecting it will go down further? till where ? Thanks.
  • #436,462
  • May 5, 2011 10:56am May 5, 2011 10:56am
Quoting behman8850
are you still expecting it will go down further? till where ? Thanks.
Do you have any type of strategy of your own or is your strategy asking what everyone else is doing?
  • #436,463
  • May 5, 2011 10:56am May 5, 2011 10:56am
Quoting Gleneagles
Best is to wait for the blood to clot, frustrating if you missed out but taking a trade before a major news event is not part of my trading plan. Every trading day produces 10-12 high probability trading opportunities , tomorrow and next week the wheel will turn again.
i don't trade news either. it's a beautiful day here and think i will walk the dog.
  • #436,464
  • May 5, 2011 10:56am May 5, 2011 10:56am
Quoting TzarPips


its been great sharing 2de with you guys...
tarantula...paythelimit...cloggie...kill56...dma...fontu...and all those on the thread...thanks guys...looking foward to 2mr...
Guard your pips jelously
  • #436,465
  • May 5, 2011 10:57am May 5, 2011 10:57am
Quoting behman8850
what are you trying to show us? any short or long signals?
thanks.

lol u did read well all the posts above , go back and read
  • #436,466
  • May 5, 2011 10:58am May 5, 2011 10:58am
Quoting AllyB
i don't trade news either. it's a beautiful day here and think i will walk the dog.
In reality, daily chart lead the way here... but, I was certainly too to be screwing with that range. lol
  • #436,467
  • May 5, 2011 10:59am May 5, 2011 10:59am
added one more
Attached Image (click to enlarge)
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  • #436,468
  • May 5, 2011 10:59am May 5, 2011 10:59am
http://img222.imageshack.us/img222/6300/victories.png
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  • #436,469
  • May 5, 2011 11:02am May 5, 2011 11:02am
Quoting milagro
I never understand why ppl try to catch the falling knife. It's the same all the time.
Sometimes called price comparison fallacy. Affects *everyone* when they start trading.

You watch a price make a big move (say short), and the fear side says "it's fallen too far to go short now."

But the greed side says "look at all the money you've missed in this move, you bozo."

Then the rationalizer chimes in "but for every down there exists an up", so the compromise is to think "we'll catch the bounce."

Always wrong.
  • #436,470
  • May 5, 2011 11:03am May 5, 2011 11:03am
300 pip drop last 8 hours
  • #436,471
  • May 5, 2011 11:04am May 5, 2011 11:04am
Quoting OldQuant
Sometimes called price comparison fallacy. Affects *everyone* when they start trading.

You watch a price make a big move (say short), and the fear side says "it's fallen too far to go short now."

But the greed side says "look at all the money you've missed in this move, you bozo."

Then the rationalizer chimes in "but for every down there exists an up", so the compromise is to think "we'll catch the bounce."

Always wrong.
It's also the same reason why we tend to close out bad trades near the bottom of the move if proper MM isn't in place.

At least I knew I did that when I first started out. Bought the tops Closed out the position at the bottom.
  • #436,472
  • May 5, 2011 11:04am May 5, 2011 11:04am
Quoting mab41487
http://img222.imageshack.us/img222/6300/victories.png
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Mab Do you think it still will continue down? till where please?
  • #436,473
  • May 5, 2011 11:07am May 5, 2011 11:07am
Quoting Traderji
I am on IDEALPRO, no spike on my chart. must be something on your end.
Yes, you're right. I went back and looked at the feed capture log, and there's no such showing. Also, on the trading server, not on the chart. Just the joys of Java based charts, I guess.
  • #436,474
  • May 5, 2011 11:07am May 5, 2011 11:07am
Quoting behman8850
Mab Do you think it still will continue down? till where please?

look at u chart and tell me what u think
  • #436,475
  • May 5, 2011 11:08am May 5, 2011 11:08am
Quoting behman8850
Mab Do you think it still will continue down? till where please?
no one on this thread or whatsoever moved price all the way down...better off looking at your charts to determine that ..we are all doing so accordingly
  • #436,476
  • May 5, 2011 11:08am May 5, 2011 11:08am
Quoting behman8850
Mab Do you think it still will continue down? till where please?
well i tried my run up at 4650 and was wrong, there is too much news happening tomorrow with NFP unempl etc. 4528 could be the bottom but if it breaches with NFP and the other news we could be in a longterm downtrend. if your not already in i wouldnt get in, if you are in i would trail stop off the swingpoints made on the 15. if your not in just sit out until monday. I already am out short on this run. i closed at 4650 when i put in my buy order and lost 30 pips
  • #436,477
  • May 5, 2011 11:08am May 5, 2011 11:08am
Looks like finding support @ weekly high of jan-10-10 @ 4580
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #436,478
  • May 5, 2011 11:09am May 5, 2011 11:09am
Quoting kill56
look at u chart and tell me what u think
  • #436,479
  • May 5, 2011 11:09am May 5, 2011 11:09am
Quoting Venice
In reality, daily chart lead the way here... but, I was certainly too to be screwing with that range. lol
LOL ... i am always around news time!
  • #436,480
  • May 5, 2011 11:10am May 5, 2011 11:10am
Quoting AllyB
LOL ... i am always around news time!
I wonder if talent is jumping for joy right now... or if he managed to close out his position at the top of the range. LOL.
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