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  • #492,681
  • Jul 18, 2011 6:49pm Jul 18, 2011 6:49pm
Quoting Mr. Aldi
Why no pyramid? Did not want to dig a grave?

(Pun intended )

Had some friends over so missed the opportunity, got a few places in mind still for just that though..... let's see what TY brings here, am still up so may as well see the open here in a bit.
  • #492,682
  • Jul 18, 2011 6:51pm Jul 18, 2011 6:51pm
Quoting cloggie
Had some friends over so missed the opportunity, got a few places in mind still for just that though..... let's see what TY brings here, am still up so may as well see the open here in a bit.
Ah okay. This was one of these moves that perfectly allow pyramiding. This is one of the things that is going to improve my fx trading :-)
  • #492,683
  • Jul 18, 2011 6:52pm Jul 18, 2011 6:52pm
eurusd long 1.4105, sl +0
  • #492,684
  • Jul 18, 2011 6:53pm Jul 18, 2011 6:53pm
Quoting RichieEU
Good one!

What are Your expectations?
I was short until I went long.

It was a weak entry point (admittedly) but it gained strength, especially over the past hour.

My expectation is that I'll be long until I'm not. I know I sound like a smartass saying that but that's really the best way I can explain it.
Not all sins are created equal
  • #492,685
  • Jul 18, 2011 6:54pm Jul 18, 2011 6:54pm
Quoting Mr. Aldi
Ah okay. This was one of these moves that perfectly allow pyramiding. This is one of the things that is going to improve my fx trading :-)

Using the market's money is a very profitable logical next step in your trading that you should have an indepth look into. Go back over some of my post from last week, I touched on it briefly, then play around with some excel sheets to see what you can come up with based on your style and strategy. The key is to use the market's money, not your own capital, once you get your head around that, the sky is the limit.
  • #492,686
  • Jul 18, 2011 6:55pm Jul 18, 2011 6:55pm
Quoting Jay Walker

My expectation is that I'll be long until I'm not. I know I sound like a smartass saying that but that's really the best way I can explain it.

That's the only way to be, I will always have a few numbers in mind and a few if-then-ifs, but I tend to stay in a trade until the market tells me otherwise. It is fun though how plenty on this thread see every opposite bar as an opportunity to counter instead as an opportunity to scale in further.
  • #492,687
  • Jul 18, 2011 6:55pm Jul 18, 2011 6:55pm
entered short 4132. based on this chart..

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 13 KB
  • #492,688
  • Jul 18, 2011 6:56pm Jul 18, 2011 6:56pm
Quoting cloggie
That's the only way to be, I will always have a few numbers in mind and a few if-then-ifs, but I tend to stay in a trade until the market tells me otherwise.
Yeap. The most important think is not to fight over the trend
100% true
RichieEU
  • #492,689
  • Jul 18, 2011 6:58pm Jul 18, 2011 6:58pm
Quoting RichieEU
Yeap. The most important thin[g] is not to fight [over] the trend
100% true

Boring old shite, but traders have been doing that for over a 100 years and I am not one to reinvent the wheel, I will leave that to others better qualified than me.
  • #492,690
  • Jul 18, 2011 7:00pm Jul 18, 2011 7:00pm
Quoting cloggie
Boring old shite, but traders have been doing that for over a 100 years and I am not one to reinvent the wheel, I will leave that to others better qualified then me.
Cloggie that was not personal!
IMHO 1H close under 1.4127 looking good for scalp.
RichieEU
  • #492,691
  • Jul 18, 2011 7:01pm Jul 18, 2011 7:01pm
Quoting RichieEU
Cloggie that was not personal!

D'oh, read it again, I was agreeing with you entirely.
  • #492,692
  • Jul 18, 2011 7:02pm Jul 18, 2011 7:02pm
Quoting pipdude
long 1.4105, sl +0
long exit 3/4 +20
  • #492,693
  • Jul 18, 2011 7:02pm Jul 18, 2011 7:02pm
Quoting cloggie
better qualified then me.
than*

sincerely,
grammar police
  • #492,694
  • Jul 18, 2011 7:03pm Jul 18, 2011 7:03pm
Duty calls, of to bed.


See y'all later....
  • #492,695
  • Jul 18, 2011 7:03pm Jul 18, 2011 7:03pm
@C, I read these posts. Stoploss on average position need to be used in my case. When it hits it, there really is something going on, as pyramiding can only be done on a steady move or a move with strong momentum.

if-then-if: if I'm sleepy, I close position and see next day again?
  • #492,696
  • Jul 18, 2011 7:03pm Jul 18, 2011 7:03pm
Quoting cloggie
D'oh, read it again, I was agreeing with you entirely.
Ok. Sorry for misunderstanding the meaning.
Shorted small position at 1.4127.
TP 1.4106/1.4100.
SL 1.4135
RichieEU
  • #492,697
  • Jul 18, 2011 7:03pm Jul 18, 2011 7:03pm
Quoting RichFWebb
than*

sincerely,
grammar police

Noted, thanks.
  • #492,698
  • Jul 18, 2011 7:05pm Jul 18, 2011 7:05pm
Quoting Mr. Aldi
@C, I read these posts. Stoploss on average position need to be used in my case. When it hits it, there really is something going on, as pyramiding can only be done on a steady move or a move with strong momentum.

if-then-if: if I'm sleepy, I close position and see next day again?

Nah, stop each individually, just keep the weight of the trade to the bottom of the entry.


Outta here, TY trade plan in place.
  • #492,699
  • Jul 18, 2011 7:06pm Jul 18, 2011 7:06pm
Quoting darimik
entered short 4132. based on this chart..

Attachment
it also suggests that a close below 4110 within the next hour is what bear needs. without it bulls still got the ball
  • #492,700
  • Jul 18, 2011 7:07pm Jul 18, 2011 7:07pm
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