Are you readi for BIG CASH?
- #484,122
- Jul 8, 2011 7:13am Jul 8, 2011 7:13am
- Joined May 2011 | Status: grizzly long gone | 2,427 Posts
closed my short for about 10. didn't seem to be going anywhere
Don't get mad, get even!
- #484,124
- Jul 8, 2011 7:15am Jul 8, 2011 7:15am
Do you use any additional levels on your chart, like round numbers or S/R?
I have noticed they acts as hurdles, more than barriers, although I have had +11.9 turn negative! Do you just walk away from trades, you always get +12 exactly, while AllyB and others (like me) have +8 and +10 sometimes.
- #484,128
- Jul 8, 2011 7:16am Jul 8, 2011 7:16am
- Joined May 2011 | Status: grizzly long gone | 2,427 Posts
Don't get mad, get even!
- #484,130
- Jul 8, 2011 7:18am Jul 8, 2011 7:18am
How come, I'm holding one since 4270 and it still seems to go down. Otherwise I'd be stopped out already, at 4268
I'm already in a USDCAD trade from 2 days ago, so I'm in no rush to hold the EURUSD short
Although you're right I coulda just left it to stop out, after all it woulda been breakeven. But again, it's pre NFP and I'm hesitant lol.
Trends, breakouts, price action.
- #484,133
- Jul 8, 2011 7:21am Jul 8, 2011 7:21am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Using fibs is not rocketscience and you'd be surprised how many of the big boys use them.
those sneaky bastards....
...hate them... Look Sharp/Trade Tight
- #484,134
- Jul 8, 2011 7:21am Jul 8, 2011 7:21am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
" Never let the past hold the future to ransom "
- #484,135
- Jul 8, 2011 7:22am Jul 8, 2011 7:22am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #484,136
- Jul 8, 2011 7:22am Jul 8, 2011 7:22am
Using fibs is not rocketscience and you'd be surprised how many of the big boys use them.
.I normally use fibs on M15 and higher, watch out for the 'important' levels i.e. 50% and 61 and 38s
Trends, breakouts, price action.
- #484,137
- Jul 8, 2011 7:23am Jul 8, 2011 7:23am
- Joined Oct 2009 | Status: Trader | 15,211 Posts
I didn't think fibs would come handy on small moves on M5 charts. Now i know
I normally use fibs on M15 and higher, watch out for the 'important' levels i.e. 50% and 61 and 38s
I use them on a tick and 5 sec chart. The problem with your statement was "think", stop thinking, you are not even close to good enough to "think" in this business, start doing. IF you are still here after 20 years, like me, you can start thinking, you will have earned the right.
Your's is not to wonder why, just do or die.
- #484,139
- Jul 8, 2011 7:24am Jul 8, 2011 7:24am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...