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EURUSD

  • #530,341
  • Aug 24, 2011 9:43am Aug 24, 2011 9:43am
here is my euro trade for the day.

I know it is a short trade and all. But i like it.
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  • #530,342
  • Aug 24, 2011 9:45am Aug 24, 2011 9:45am
Quoting bbakker
See what I mean!

SELL where? At support? What is your entry price? What is your target?

Pointless fcuking post. Might as well just say 'SELL SELL SELL' and not even mention the fcuking instrument!

MUPPET!
THERE
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  • #530,343
  • Aug 24, 2011 9:45am Aug 24, 2011 9:45am
still short

http://i56.tinypic.com/11uap8w.gif
  • #530,344
  • Aug 24, 2011 9:47am Aug 24, 2011 9:47am
the pa action this morning is like a pair of hookers panties ...up and down...
  • #530,345
  • Aug 24, 2011 9:48am Aug 24, 2011 9:48am
that is my favorite environment to trade in.

Quoting petehnm
the pa action this morning is like a pair of hookers panties ...up and down...
  • #530,346
  • Aug 24, 2011 9:48am Aug 24, 2011 9:48am
Eur should play catch up with the pound. Id be light if I was trading long.
  • #530,347
  • Aug 24, 2011 9:49am Aug 24, 2011 9:49am
The volatility's been here today lol.
  • #530,348
  • Aug 24, 2011 9:49am Aug 24, 2011 9:49am
Woops, I forgot to mention my TP's
My typical setup / Mgmt

ISL, above recent pivot +3 to 5 ticks, or 15 -20 ticks max

T1 = 20 ticks, set rest to B/E
T2 = 30 ticks, (or next higher TF support)
T3 = runner, moved on 1/5 min pivots as last position

sorry guys,.....trying to post and manage trade
  • #530,349
  • Aug 24, 2011 9:51am Aug 24, 2011 9:51am
Quoting petehnm
the pa action this morning is like a pair of hookers panties ...up and down...

Now that's funny, thanks for the laugh
  • #530,350
  • Aug 24, 2011 9:51am Aug 24, 2011 9:51am
panties down at the moment....
  • #530,351
  • Aug 24, 2011 9:52am Aug 24, 2011 9:52am
Stay away from trades girls...wait till bounce samewhere
  • #530,352
  • Aug 24, 2011 9:53am Aug 24, 2011 9:53am
still holding a short from 4452 earlier, had thought i had placed a very greedy TP at around 4380 (not much higher than daily low) looks might i might be able to clear it after all
  • #530,353
  • Aug 24, 2011 9:54am Aug 24, 2011 9:54am
Quoting Yuchen
I have to admit that when i sold it, 30% of the reason is because it failed break the 1.447X resistence and 70% of the reason is because of my personal bias or sentiment that EU should not go higher. I am not sure if most people have their personal assumption before they see the market action. But as all the technique analysis is always later than the market reaction so i assumed sometimes you could trade with a little bit of your sentiment (as long as you dont invest too large lots) and put reasonable stops, as well as have your next step plan...
You win!
Believe what you see instead of what you think!
  • #530,354
  • Aug 24, 2011 9:56am Aug 24, 2011 9:56am
modified SL to 4466. TP still at 4350.

+buy limit at 4350, SL 4290, TP 4645
Don't just beat the markets, leave bruises.
  • #530,355
  • Aug 24, 2011 9:57am Aug 24, 2011 9:57am
Quoting travelboy
Woops, I forgot to mention my TP's
My typical setup / Mgmt

ISL, above recent pivot +3 to 5 ticks, or 15 -20 ticks max

T1 = 20 ticks, set rest to B/E
T2 = 30 ticks, (or next higher TF support)
T3 = runner, moved on 1/5 min pivots as last position

sorry guys,.....trying to post and manage trade
Manage your trade 1st bro is more important
If you are new to Forex? Say Goodbye to your account!!
  • #530,356
  • Aug 24, 2011 9:57am Aug 24, 2011 9:57am
short from 4470 big red candle on hourly lets see
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  • #530,357
  • Aug 24, 2011 9:58am Aug 24, 2011 9:58am
Quoting Robertk
If your personal bias or sentiment is different then the current market action its better to stay away some(this time you were right tho). Simply because you're looking at a revenge towards the market / looking for early reversals. I lost my earlier winners from today because of the exact same reason btw.

If you take a break, relax, you'll be able to have a nice "neutral" overview again. Surely helps for me.. Don't let that winning streak run into a losing streak, its my biggest mistake most of the time.

Yeah, you are right.

I made the same mistake before that i bought UJ last summer and keep adding lot then i lost all my money. After that mistake i stopped trading for a while. then i back to trade but still did bad because i repeated the same mistake that i bought EUR/CHF. So i lost again and i was thinking about to leave the trading market in my whole life. I started trading 3 years ago and i lost most of the time. I finally decided to give myself the last chance and decide to write all the notes of my trading. 2 months ago, I started again and wrote notes for my trading and looked daily/4H chart to predict if it is in a trend or range (i used predict is because nobody can 100% correctly analyze the market and they need to do a predict, probably 80% reply on their techniques and 20% reply on their "sentiment").

My point of view is still EU is in a range for these days and that's why i am short when it close to the top, as well as with stop to former higher. I will stop trading if it failed but fortunately, it did not happen today so i will see how it will go later.

I am currently taking all the notes for my trading and review them everyday. I also discpline myself that if i lost my first trade for today, i am not going to trade more for the rest of day and also if i make more than 10% profits i will close most of them and only leave a little bit left (But it did not happen for a long time since i usually trade 2.5%-5% of my accounts so i need at least more than 200 pips to get 10% profits).

Again, reduce the time of trading, open small amounts and add a little bit later if it breaks some supports/resistence, as well as always set your stops for your trading seems a good way to earn steady profits for a long run
  • #530,358
  • Edited 1:08pm Aug 24, 2011 9:58am | Edited 1:08pm
If you break 1.4375 down to 1.4280
Sell Stop @ 1.4370 . TP1 : 1.4280 , Tp2: 1.4210 , , TP3: free
SL: 1.4405
  • #530,359
  • Aug 24, 2011 9:59am Aug 24, 2011 9:59am
Quoting Pipwanderer
short from 4470 big red candle on hourly lets see
locked in +40
  • #530,360
  • Aug 24, 2011 9:59am Aug 24, 2011 9:59am
GU approaching 6380-6360 demand. Let see what the PA has to offer
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