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Price is everything

  • #19,081
  • Jun 9, 2011 7:38am Jun 9, 2011 7:38am
ahahahah crazy ass news.....

it's been a while since i've seen movements like this right now. is trichet saying anything serious now?

i would sweat like hell if i am in any EU position lol
  • #19,082
  • Jun 9, 2011 7:53am Jun 9, 2011 7:53am
Quoting frankkn
EU M30
Lower level was smashed. This is a very important level to break, as it is the first major H1 level to be taken this whole rally. Waiting for PA to come back no trades yet
  • #19,083
  • Edited 10:11am Jun 9, 2011 9:49am | Edited 10:11am
hi all,

well i said i woulda stopped trading for the day but still can't resist this lol. On a roll here!

just bought eur at 1.4506 with 20p sl.

Edited: duh, i think i might get stucked in this for hours. really a bad idea to trade after such a big move. meh, i might just set a fixed sl and tp and go to bed. good trading all! see you guys tomorrow!
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  • #19,084
  • Jun 9, 2011 10:20am Jun 9, 2011 10:20am
Quoting keikor
well i said i woulda stopped trading for the day but still can't resist this lol. On a roll here!
Everyone is different, but for me a crucial ingredient in having consistent monthly returns is avoiding this mind set.

At the start of the week I wrote down that I'd be watching this level (the one we've just broken in my chart a few posts back) for a break. I am still waiting for price to return there, in fact I'm not watching the charts as I've set price alerts.

Trading like this is not exciting at all and there's nothing to resist, but for me personally it removes a lot of the factors that may lead you to un-necessarily hurt your monthly % return.

I have yet to take a large position this week, and have no plans to unless my alert tells me price is at the level I want to enter. Until then I'm not even watching the charts
  • #19,085
  • Jun 9, 2011 10:22am Jun 9, 2011 10:22am
Quoting enigma4x
hi folks,

make or break ???

Attachment

peace


enigma4x


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enigma4x
enjoy my life ... and ride the waves - all what I do
  • #19,086
  • Jun 9, 2011 11:19am Jun 9, 2011 11:19am
Sell it.
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  • #19,087
  • Jun 9, 2011 11:53am Jun 9, 2011 11:53am
Bought Eu/Usd.

Let´s see if i can get some pips again.
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  • #19,088
  • Jun 9, 2011 12:02pm Jun 9, 2011 12:02pm
Quoting Orbital
Probably not the wisest choice but i think a 25 pip stop seems reasonable for the Risk/reward in place here.

Attachment

Attachment

Will see what happens, id be slightly dissapointed if this doesnt work out, but criteria fits so im forced to take this trade, despite the fact that silver is probably the mother of all whores after that flashcrash fiasko...
nice trade sir..
congrats
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  • #19,089
  • Edited 12:59pm Jun 9, 2011 12:56pm | Edited 12:59pm
Quoting riko2705
nice trade sir..
congrats
I believe it can go till 38.3. I got this supply zone and the upper TL on the way. Seems a bullflag is on the move on 15 min. We'll see...
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  • #19,090
  • Jun 9, 2011 1:25pm Jun 9, 2011 1:25pm
reffering to post of eur/gbp:


http://www.shrani.si/f/39/bK/xVkQMg8/eurgbp2.gif
level definitely got demand, its just those news... oh man
sometimes you love, sometimes you hate those newbies

love and light miky
--Be in the NOW or get lost in time.--
  • #19,091
  • Jun 9, 2011 1:27pm Jun 9, 2011 1:27pm
Quoting maurofx
I believe it can go till 38.3. I got this supply zone and the upper TL on the way. Seems a bullflag is on the move on 15 min. We'll see...

right sir, noted that flag and it broken up
good trading
  • #19,092
  • Jun 9, 2011 1:31pm Jun 9, 2011 1:31pm
Waiting patiently for this one to come to me in demand zone.
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  • #19,093
  • Jun 9, 2011 4:18pm Jun 9, 2011 4:18pm
Quoting Orbital
Probably not the wisest choice but i think a 25 pip stop seems reasonable for the Risk/reward in place here.

Attachment

Attachment

Will see what happens, id be slightly dissapointed if this doesnt work out, but criteria fits so im forced to take this trade, despite the fact that silver is probably the mother of all whores after that flashcrash fiasko...


Silver 78 pips... im drunk as fuck... cant even type anymore... W00t w00t HERE COMES THE FUCKIOGN MONEY TRAIN BITCHES.

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EDIT: And this is taking about 96% of my mental capacity but: SUCK IT YOU FUCKING SHORTS <3
  • #19,094
  • Jun 9, 2011 4:27pm Jun 9, 2011 4:27pm
Quoting Orbital
Silver 78 pips... im drunk as fuck... cant even type anymore... W00t w00t HERE COMES THE FUCKIOGN MONEY TRAIN BITCHES.

Attachment


EDIT: And this is taking about 96% of my mental capacity but: SUCK IT YOU FUCKING SHORTS <3


enjoy my life ... and ride the waves - all what I do
  • #19,095
  • Jun 9, 2011 4:32pm Jun 9, 2011 4:32pm
How do I pull up charts of futures on MT4? I have it as a demo platform.
  • #19,096
  • Jun 9, 2011 4:34pm Jun 9, 2011 4:34pm
Thinking this may continue up. Some Resistance on the way up but if we close near 38.50 it would be a bullish engulfing on weekly. Got two channells (aka flags) one broken and the other one yet to be tested. I think I'll stick to the trade, hope it goes up big time!! Supply on 15 min broken. Let's see...
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  • #19,097
  • Jun 9, 2011 4:35pm Jun 9, 2011 4:35pm
Quoting Orbital
Silver 78 pips... im drunk as fuck... cant even type anymore... W00t w00t HERE COMES THE FUCKIOGN MONEY TRAIN BITCHES.

Attachment


EDIT: And this is taking about 96% of my mental capacity but: SUCK IT YOU FUCKING SHORTS <3
the way how some celebrate haha well done
--Be in the NOW or get lost in time.--
  • #19,098
  • Jun 9, 2011 5:33pm Jun 9, 2011 5:33pm
Quoting maurofx
Thinking this may continue up. Some Resistance on the way up but if we close near 38.50 it would be a bullish engulfing on weekly. Got two channells (aka flags) one broken and the other one yet to be tested. I think I'll stick to the trade, hope it goes up big time!! Supply on 15 min broken. Let's see...
nice trade
  • #19,099
  • Jun 10, 2011 12:28am Jun 10, 2011 12:28am
Quoting Verb
Sell it.
http://www.forexfactory.com/attachme...1&d=1307636324
Target hit.
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  • #19,100
  • Jun 10, 2011 1:15am Jun 10, 2011 1:15am
hi all,

just sold chf at 0.8420 for a quick 15p scalp.
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