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  • #486,441
  • Jul 12, 2011 12:14am Jul 12, 2011 12:14am
Quoting key4success
I just $200+ and I am very upset.I dnt know why..?? I have had lost $5000 on many occasions but never cared..Why it is so this time??

I know its my 2 day pocket money..But again I am tensed..what is the reason this time..?? Can anyone explain? Is this because this big down move was against what I had expected?

get a day job
I don't trust any move - when you have profit...take it.
  • #486,442
  • Jul 12, 2011 12:16am Jul 12, 2011 12:16am
Quoting kenfen69
OK...right, right.

Yeah...I just don't have the balls to do this with pending orders while I sleep. I'll short...up to extremes of what I consider short territory...but I don't often place a long at an upper range.

Like right now...I can't look at a single chart where I would contemplate placing a long order ABOVE where price is right now...all I see is shorting opportunities at a better entry.
I agree with you. However.... LOL this is where we all get messed up sometimes. For instance I don't have it in me to short it now (reasons could be many, and all wrong of course). Would I click a buy? I don't think so. So the easier thing to do is set some pending orders above where you consider the trend/or direction at least changed and let the market come to you and validate it. If she gets there, it means you were partially right. The only thing remaining is be right the second half and have your TP taken. I find it much easier to do it this way than dealing with all the thinking.
  • #486,443
  • Jul 12, 2011 12:16am Jul 12, 2011 12:16am
Quoting FxSide
Is there any chance of EU to go up again or its going to be in 1.3 region now, can anyone explain me about it that what we are going to expect in this week?

ya sure....burp....hick up.....ummmm errrrrrrr what was the question?
I don't trust any move - when you have profit...take it.
  • #486,444
  • Jul 12, 2011 12:16am Jul 12, 2011 12:16am
EU is over sold
it maybe retrace time
so i am going long here for 50 pips
i dont think it will dropmore tday.

US session can be tricky.
Don't compare your Trades with Others
  • #486,445
  • Jul 12, 2011 12:17am Jul 12, 2011 12:17am
Quoting motiurbd
If EU dont break these channels then I think it will go down for sure....!!!

u waited this long to jump on the band wagon......oh sorry for the long pun
I don't trust any move - when you have profit...take it.
  • #486,446
  • Jul 12, 2011 12:18am Jul 12, 2011 12:18am
Quoting kenfen69
Like right now...I can't look at a single chart where I would contemplate placing a long order ABOVE where price is right now...all I see is shorting opportunities at a better entry.
Trading the Trend is like golfing from the fairway...

Really, you wanna make shit interesting, lets see Tiger Woods start taking some of my second shots...

Them so called pr0's couldn't even find my tee shot with a GPS, a Weed Whacker and a search party...nevermind try to play it...

Pshhhhhhhhhhhhhhhhhhhh
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #486,447
  • Jul 12, 2011 12:19am Jul 12, 2011 12:19am
eurusd short entry, exit 1/4 +110
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  • #486,448
  • Jul 12, 2011 12:21am Jul 12, 2011 12:21am
http://lcchong.files.wordpress.com/2...ng?w=877&h=397
  • #486,449
  • Jul 12, 2011 12:21am Jul 12, 2011 12:21am
Hey guys what's happnin?

Bout to take a nap, want to get up in time for Euro/London session.

Anyway, decided to take a short around this area. sell at .3953, SL .4023, TP .3830

I realize it's a risky one with the daily 200 EMA and .4000 nearby, but it's an affordable risk I'm willing to 'nap' on to see what the next session brings us. I'd rather be set for this downtrend than miss one because I thought it was going for a retrace . If I'm wrong, I'm wrong and I move onto the next opportunity.

Any opinions?
Trends, breakouts, price action.
  • #486,450
  • Jul 12, 2011 12:22am Jul 12, 2011 12:22am
gotta love your trendlines
crystal clear chart and nice work like always

HK

Quoting Magix
I been spouting for weeks that EU had to hit it's daily 200...and after a few couple of attempts, finally closed the deal...

IF this trades all breakout like n shit...I still see a possible draw down to the weekly 200...does kinda seem to coincide with the breakout chart...

Posted HERE, July 4th..
  • #486,451
  • Jul 12, 2011 12:23am Jul 12, 2011 12:23am
Quoting aizazk
...............Any opinions?
Yes, expect a "WTF happened".
The Thief of Wall Street
  • #486,452
  • Jul 12, 2011 12:24am Jul 12, 2011 12:24am
Bear in mind if London decides to drill this thing down further it will be doing so when E/U is looking in a pretty damn weak position and things could get uglier for bulls.
  • #486,453
  • Jul 12, 2011 12:25am Jul 12, 2011 12:25am
Quoting kenfen69
OK...right, right.

Yeah...I just don't have the balls to do this with pending orders while I sleep. I'll short...up to extremes of what I consider short territory...but I don't often place a long at an upper range.

Like right now...I can't look at a single chart where I would contemplate placing a long order ABOVE where price is right now...all I see is shorting opportunities at a better entry.
Yeah, you can only make the best analysis you can based on every factor you can take in. I watch PA very carefully, drilling down as low as the 5 min to help gauge sentiment. Right now its pretty indecisive. even though the only support i really have down here is S1, theres a chance it may go long for a bit, and cos I want to protect todays profits im not as game as i might be otherwise... hence waiting for a short breakout if anything...

3861 area has seen a bit of action over the past 7-8 months or so, so thats why i have an S/R line there... all i see is red on the H4, youd be ballsy to be risking longs right now.... or nuts? but anything can happen
  • #486,454
  • Jul 12, 2011 12:26am Jul 12, 2011 12:26am
Quoting Magix
Really, you wanna make shit interesting, lets see Tiger Woods start taking some of my second shots...

Them so called pr0's couldn't even find my tee shot with a GPS, a Weed Whacker and a search party...nevermind try to play it...


I couldn't have expressed my lack of wanting to get better at placing...pending counter-trend breakout orders while I sleep...any better, Mag!

And don't get me wrong...I'm pretty happy with my game...just always looking to improve!
  • #486,455
  • Jul 12, 2011 12:26am Jul 12, 2011 12:26am
Quoting Chicky
Yes, expect a "WTF happened".
LOL. That is a certain possibility alright, but given that there's no major data (related to this pair) being released in the next bunch of hours - it's more unlikely than likely IMO.

Unless Euro bosses commit suicide or come out with a "perfect solution" for their respective messes - something along those lines.
Trends, breakouts, price action.
  • #486,456
  • Jul 12, 2011 12:30am Jul 12, 2011 12:30am
Quoting Jazznos
anything can happen
I have no idea what it's going to do next. The only things I have are the charts, and the longer ones are at critical support. If the price turns, they will just say go for it, even if it's just a retrace on daily (and that can count for 100 pips easily). Like you said anything can and will happen.

Later peoples... need sleep.
  • #486,457
  • Jul 12, 2011 12:34am Jul 12, 2011 12:34am
Quoting Magix
Trading the Trend is like golfing from the fairway...

Really, you wanna make shit interesting, lets see Tiger Woods start taking some of my second shots...

Them so called pr0's couldn't even find my tee shot with a GPS, a Weed Whacker and a search party...nevermind try to play it...

Pshhhhhhhhhhhhhhhhhhhh
lol, thts why I do most of my golfing during pheasant hunting season , looking for errant tee shots one can flush out a bird or two , break 100 and a bird for dinner is a good day
  • #486,458
  • Jul 12, 2011 12:35am Jul 12, 2011 12:35am
Quoting attila
I find it much easier to do it this way than dealing with all the thinking.
Agree, my brother!

Just trying to get inside your head to sharpen up on some of my own skills!

If I'm awake...I have NO problem switching from bear to bull. When I'm sleeping...or away from the screens...I see room for improvement in being able to draw a line in the sand, where I say...right...bears are done here...take the loss, and go bull! Again...

I'm happy to just be sleeping at this point, and am pretty feckin satisfied with my strike rate when taking these plays. Just always looking to improve!
  • #486,459
  • Jul 12, 2011 12:35am Jul 12, 2011 12:35am
Quoting DubaiFX
EU is over sold
it maybe retrace time
so i am going long here for 50 pips
i dont think it will dropmore tday.

US session can be tricky.
Its possible now we will get a retrace especially if the London gang want to short at higher prices. Weak shorts will have stops scattered from 3975 - 4020 so I think risking a long with a stop at 3940 here could be good for a 1:1 r:r trade.
  • #486,460
  • Jul 12, 2011 12:38am Jul 12, 2011 12:38am
Quoting aizazk
LOL. That is a certain possibility alright, but given that there's no major data (related to this pair) being released in the next bunch of hours - it's more unlikely than likely IMO.

Unless Euro bosses commit suicide or come out with a "perfect solution" for their respective messes - something along those lines.
Have you got...The Eye of the Tiger?
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