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  • #536,581
  • Sep 9, 2011 7:55am Sep 9, 2011 7:55am
Quoting navk
I am surprised how people go "long" on retracement !

I stopped trading retracement.
Counter trend scalping on important TL's sometimes work but overall I agree yeh.
  • #536,582
  • Sep 9, 2011 7:57am Sep 9, 2011 7:57am
Quoting wormboy
i reckon this breakout is real. We'll know in a week or two
yep, I agree.

taking it in bite size pieces at the moment, but it's looking pretty good.

have a great weekend bro!

now that the new season's on, we'll have to start cracking the sake again ...lol
  • #536,583
  • Sep 9, 2011 7:58am Sep 9, 2011 7:58am
Quoting Motion
Now micho, I owe you a glass of juice or something...as long as you don't forget to let me know when to get of the train.
i just opened another short at 1.3724 and posted it around 10 minutes ago, hope you took it
When life gives you lemons, make lemonade
  • #536,584
  • Sep 9, 2011 8:01am Sep 9, 2011 8:01am
Quoting KiwiTrada
95% ters sadly

Is not rocket science, falling knives, sell the rallies, rejection of last broken support, and vice versa for sky rockets, I spend all night encourage caution for longs, no confirmations etc, seems some wants to be hero pick bottoms, next week or month, see "got reversal perfect", reality counting supports been broken so far this week, = many stopped outs, just trying to get perfect entry 95% ters

PA could reverse, of course it could, but is big risk , switch off platform, is Friday go enjoy weekend 5% ters

We have drop...

hi there

not saying long is about to start here as 3645 looks to nice to be excluded from the shorts but I will just like to see the face of the ones that want desperately 1.32 or 1.34 and don't trails stop the winners

it ahppened so many times on this forum and none came back to mention it
  • #536,585
  • Sep 9, 2011 8:02am Sep 9, 2011 8:02am
Quoting micho
i just opened another short at 1.3724 and posted it around 10 minutes ago, hope you took it
of course at your own risk... risk to reward here is around 2 in this last trade
When life gives you lemons, make lemonade
  • #536,586
  • Sep 9, 2011 8:03am Sep 9, 2011 8:03am
Quoting micho
short eurusd at 1.3811, stop 1.3862, target 1.3692
closed +117, still one eurjpy and one eurusd open and looking good
When life gives you lemons, make lemonade
  • #536,587
  • Sep 9, 2011 8:04am Sep 9, 2011 8:04am
Quoting navk
I am surprised how people go "long" on retracement !

I stopped trading retracement.
Lol thats what i used to do.

It aint safe, to all fellow traders who do this. It maximizes profits, but increases risks as well. Trade with the trend. Know what IS a trend, know what is a retracement.

If you don't, i'll pray for you.
Have I got something on my face, SOLDIER?
  • #536,588
  • Sep 9, 2011 8:04am Sep 9, 2011 8:04am
It looks like it was a bear flag...........a little patient waiting would have kept the impatient from going long.

http://rt2.it-finance.com/FXStreetLi...5805273243.gif
  • #536,589
  • Sep 9, 2011 8:05am Sep 9, 2011 8:05am
still 3 trades open long usdcad tight stop, short eurusd and short eurjpy... lets see how it goes
When life gives you lemons, make lemonade
  • #536,590
  • Sep 9, 2011 8:06am Sep 9, 2011 8:06am
Quoting redbeben
hi there

not saying long is about to start here as 3645 looks to nice to be excluded from the shorts but I will just like to see the face of the ones that want desperately 1.32 or 1.34 and don't trails stop the winners

it ahppened so many times on this forum and none came back to mention it
explain with chart if u can
  • #536,591
  • Sep 9, 2011 8:10am Sep 9, 2011 8:10am
Quoting micho
still 3 trades open long usdcad tight stop, short eurusd and short eurjpy... lets see how it goes
Good trades! You might need to close the long USDCAD soon. What's the Opening price on the CAD trade for you?
Have I got something on my face, SOLDIER?
  • #536,592
  • Sep 9, 2011 8:11am Sep 9, 2011 8:11am
Quoting micho
careful with the divergence on the CAD in charts above 1h, i rolled one long now at 0.9961 stop at 0.9950, target at 0.9984 (edited sorry stop at 0.9949 and target 0.9982, i just drew the trend wrong )
stop hit -12
When life gives you lemons, make lemonade
  • #536,593
  • Sep 9, 2011 8:12am Sep 9, 2011 8:12am
the hourly chart shows a continuation down pattern. Price is staying below the yellow 5 sma. The green 22 sma and the blue 14 sma are providing resistance. Only a close above those sma's would signal a temporary bullish scenario. This chart is quite bearish.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd hourly chart.gif Size: 20 KB
  • #536,594
  • Sep 9, 2011 8:14am Sep 9, 2011 8:14am
What can we expect for this pair around the London closing?
More than a grain of salt is advisable
  • #536,595
  • Sep 9, 2011 8:15am Sep 9, 2011 8:15am
Quoting micho
stop hit -12
Sometimes SL put you in a bad position. Financially it does you real good cutting losses, but for me, in the forex market, it kills.
Have I got something on my face, SOLDIER?
  • #536,596
  • Sep 9, 2011 8:15am Sep 9, 2011 8:15am
Disturbing news drive markets now...
They think they are smarter than I am.
  • #536,597
  • Sep 9, 2011 8:18am Sep 9, 2011 8:18am
Quoting jabbawest
What can we expect for this pair around the London closing?
Here's 2 options the 'big bears' might be thinking of. Continue their pressure, drive off bulls, or liquidate profits now, and let price consolidate. the thing is, if price consolidates, not only is it a rest, but it gives the chance for bulls to step in and reverse. I say it's going to make a few more lows before london close.
Have I got something on my face, SOLDIER?
  • #536,598
  • Sep 9, 2011 8:18am Sep 9, 2011 8:18am
Bought @ 1.3686 was waiting whole day
  • #536,599
  • Sep 9, 2011 8:18am Sep 9, 2011 8:18am
Quoting jabbawest
What can we expect for this pair around the London closing?
It's Friday, Get some rest, play with your family or friends, tell them how happy you are today with big fat smile
  • #536,600
  • Sep 9, 2011 8:20am Sep 9, 2011 8:20am
Attached Image (click to enlarge)
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