EURUSD

http://punditkitchen.wordpress.com/f...-pizza-hut.jpg

I am watching 6389 for GU and 4435 - 4450 area for EU for now
will see when they get there.
got to follow the price as it moves "when it starts moving" lol
what you looking at short term bro?
HK

Hello my friend,

On the charts I have posted tonight, they would have just been mental stops. I had a very clear image in my mind on how I expected the trades to go. Both trades and pairs also had a recent high just printed, and were starting to retrace. Anything above those recent highs, and I would have been quick to pull the plug. EU also has a weekly fib extension just above the recent print high that it seemed to back off without touching. That was pretty much my ultimate stop. On the Aussie trade...the recent high + a couple would have been the stop...but I also had one more order I was hoping to have filled at 10585. However...

I will also often scale into trades. Mostly if I am going to be traveling, other work...or relaxing. When I'm doing this, I will look at fib levels...supply/demand...pivots...ADR etc, etc. Ultimately, I will pick one point where there is a lot of confluence of these zones...let's say it's 120pips above current price if I'm placing pending shorts. That will be my line in the sand and my stops will be just above that point.

So...I may place my first pending short 60pips north of current price...another at 80...95 and 115...just rough examples. I then calculate my lot sizes for each according to what my maximum loss will be if they all stop out at my selected point. It sounds complex, but it really isn't...I have it well down at this point.

I now prefer to get into some trades a little earlier in case price doesn't make it to the top of where I think it may go. Some people have asked me...well, why scale in...why not just place the whole pending order at 115pips from market and your stop at 120 + a couple? Sure, better return...if it hits and turns on a dime. My crystal ball isn't shiny enough to pull that off yet unattended.

In front of my screen...I'll do that. Manual stops as I did tonight. If I'm in front of the screen, I like very little drawdown...would rather stop and reload. I'm not as precise as gator (4pip SL at times), but I get a kick out of seeing him in action.

Any use? Think I got a little lost there.

Ahoy hoy!

Hey PTL morning.. how you doing?

1440 M1

Lolx..

Sonic

lmao...

1440?

feel like crap, my eyes are all puffy, my head is killing me, and I have a cramp in my leg....just perfect...

Can't you just hear it?

DTEMA

D aily
T rend
E xponential
M oving
A verage

M1

what up?

where do i sign up?

Blood alcohol Level...

Not looking good if you are blood right now...

you are on the death bed! lol does that mean you need a coffee too?

MA...daily on M1

planing to to switch to tick chart any one with me ?

Damn... the wifey really worked you over, didn't she.

I meant whats 1440 :o .. did you mean 1.4400 ?