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  • #526,861
  • Aug 18, 2011 9:54am Aug 18, 2011 9:54am
Closing my shorts. watching Pa for possible long at this demand area.
We still dont have a h4 close below 4368 to confirm down move.
Possible retest or break of 4368
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  • #526,862
  • Aug 18, 2011 9:55am Aug 18, 2011 9:55am
Panic in the stock market, I just plainly LOVE IT

Made profits in EU, UJ, GJ and UCAD
New voice message: Why are you calling me? If I need you, I'll call you!
  • #526,863
  • Aug 18, 2011 9:59am Aug 18, 2011 9:59am
do you guys think we will see 14260 today?
  • #526,864
  • Aug 18, 2011 9:59am Aug 18, 2011 9:59am
Quoting mario83
do you guys think we will see 14260 today?
NOPE, but next week we will
New voice message: Why are you calling me? If I need you, I'll call you!
  • #526,865
  • Aug 18, 2011 10:02am Aug 18, 2011 10:02am
Quoting mario83
do you guys think we will see 14260 today?
Depends on the time zone you are in I personally think we won't see 1,4260 before Asia (in CET that is tomorrow). But that's just my opinion, I tend to be wrong.
Greed and impatience are our greatest enemies.
  • #526,866
  • Aug 18, 2011 10:02am Aug 18, 2011 10:02am
Quoting navk
stock futures today. Beware if any one long.

DJIA INDEX 11,214.00 -167.00 11,355.00 11,361.00 11,166.00 07:05 S&P 500 1,170.20 -19.70 1,189.70 1,189.90 1,162.60 07:06 NASDAQ 100 2,134.00 -41.25 2,167.00 2,170.00 2,121.50 07:05
Some wanted to go long and i cautined after seeing stock futures !
Intraday only.
  • #526,867
  • Aug 18, 2011 10:03am Aug 18, 2011 10:03am
s 4319
those who can, do. those who cant, talk about those who can
  • #526,868
  • Aug 18, 2011 10:04am Aug 18, 2011 10:04am
i know most of you are professionals here but how do some of you guys get your support and resistance numbers. Cause im still learning and i am still doing a few things wrong here.
  • #526,869
  • Aug 18, 2011 10:05am Aug 18, 2011 10:05am
4350 just keep in eye in case
  • #526,870
  • Aug 18, 2011 10:06am Aug 18, 2011 10:06am
Quoting gatorinla
s 4319
I have 4262 next in my chart.
Intraday only.
  • #526,871
  • Aug 18, 2011 10:07am Aug 18, 2011 10:07am
ive got 2shorts @ 14280 no SL and was not at pc to make hedge and now i dont know what to do... praying for EU to go down at least to 14280. Should have finished for today...
  • #526,872
  • Aug 18, 2011 10:08am Aug 18, 2011 10:08am
Quoting mario83
ive got 2shorts @ 14280 no SL and was not at pc to make hedge and now i dont know what to do... praying for EU to go down at least to 14280. Should have finished for today...

pray hard. How can you sell at support
  • #526,873
  • Aug 18, 2011 10:09am Aug 18, 2011 10:09am
Quoting subhan
i know most of you are professionals here but how do some of you guys get your support and resistance numbers. Cause im still learning and i am still doing a few things wrong here.
Well I'm not a professional (i.e. I don't trade currencies only for a living). But I get my S/R by just drawing straight lines at where I see the prices held or could not go higher. I also use trendlines sometimes, but rarely. The value I get from drawing a line is a S/R value for me.

& Most of the people here are not professionals. Actually very few people are.
Greed and impatience are our greatest enemies.
  • #526,874
  • Aug 18, 2011 10:11am Aug 18, 2011 10:11am
Quoting mario83
ive got 2shorts @ 14280 no SL and was not at pc to make hedge and now i dont know what to do... praying for EU to go down at least to 14280. Should have finished for today...
If you're not trading so tight that you're facing margin call, you're not that far under water.

My suggestion: if you want to time an exit now, pay attention gatorinla's calls, and free ride his. Right now, I believe, he's short.

Good luck.
  • #526,875
  • Aug 18, 2011 10:11am Aug 18, 2011 10:11am
Quoting Myrza
pray hard. How can you sell at support
Praying? In Forex? BWA HA HA HA AHA
New voice message: Why are you calling me? If I need you, I'll call you!
  • #526,876
  • Aug 18, 2011 10:12am Aug 18, 2011 10:12am
Quoting Myrza
pray hard. How can you sell at support

stupid me. I thought we would stop at 14260 but i was greedy and couldnt resist more pips to come with that rally. stupid me
  • #526,877
  • Aug 18, 2011 10:15am Aug 18, 2011 10:15am
4280 is a support level where lots of traders will close their sell positions from 4350 levels or above, at least for me.

One thing I learnt in trading is that never chase a falling knife. Let the trade pass, be at the sideline looking at the PA or go switch off the computer to take a nap or something.

Anyway, if you have the stomach to hold, you may just set a sell limit at 4280 to breakeven or perhaps hold on to your trade till tomorrow or next week.

Just my thoughts, I may be wrong too as I am a newbie too.

GL.

Quoting mario83
ive got 2shorts @ 14280 no SL and was not at pc to make hedge and now i dont know what to do... praying for EU to go down at least to 14280. Should have finished for today...
The true fact is market doesn't care, risk mgt is important.
  • #526,878
  • Aug 18, 2011 10:16am Aug 18, 2011 10:16am
Quoting Piters
nice job.. -time for some rest..
Thnks but the rest must wait as markets are giving lots of action this afternoon.

After the european close and technically speaking stock markets are trading air till next support. I personally think the current move in the US just filled the European selloff and the shocking bad numbers are still to be digested when US is in full control. Treasuries are in panic mode only seen during the financial crisis.

All currencies are lagging on relative small daily ranges in relation to the massive move in other markets and they are following risk in the stock markets (.... I have my serious doubt that yen and chf are holding alone the last moves) and gold so the best bet are outside currencies.

On the pair, 1.428x hold intraday as expected but it wont stand a chance if stock markets trigger a selloff below the current already low levels.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #526,879
  • Aug 18, 2011 10:16am Aug 18, 2011 10:16am
Anyou I have over +20 green will se how strong bull flag is
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  • #526,880
  • Aug 18, 2011 10:16am Aug 18, 2011 10:16am
Quoting navk
I have 4262 next in my chart.
#515019 sos
those who can, do. those who cant, talk about those who can
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