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  • #540,101
  • Sep 19, 2011 5:32pm Sep 19, 2011 5:32pm
great advice|!

if u are not in it ... stay away until there is direction

Quoting bumapatria
possible. could be a bear trap. For those not in this trade, YOU DONT HAVE TO BE IN EVERY TRADE. Wait for clean signal up or down.
  • #540,102
  • Sep 19, 2011 5:34pm Sep 19, 2011 5:34pm
Quoting johnnyrei
Yes - stop loss 10 pip is safe play
But you're guessing. You're stopped out for 10, when there was an easy 30 or 40 pips for the taking.
  • #540,103
  • Sep 19, 2011 5:35pm Sep 19, 2011 5:35pm
Quoting bumapatria
going off to check bloomberg. see whats going on.
S&P has lowered Unsolicited RTGs on ITALY: OUTLOOK NEGATIVE ON EURO

longterm slashed to A down from A+
shorterm slashed to A-1 down from A-1+
  • #540,104
  • Sep 19, 2011 5:36pm Sep 19, 2011 5:36pm
Quoting Mr.MaginCole
I saw it happening but why is it all happening at this awkward hour? No seriously? London Open will be interesting. I feel tempted to enter a position but daamnnn. Bad feeling. Need to sit on my hands now.
love it when this kind of move happens & i am on the right side of the market.
lol

Jan
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  • #540,105
  • Sep 19, 2011 5:39pm Sep 19, 2011 5:39pm
Quoting bloodbubble
But you're guessing. You're stopped out for 10, when there was an easy 30 or 40 pips for the taking.
Are you Polish?
  • #540,106
  • Sep 19, 2011 5:39pm Sep 19, 2011 5:39pm
i suggest only shorting after 3517 support broken. any trades taken now should only be risk scalps with tight stops. everything is dropping. silver, stocks, etc. Be careful. even breaking through support could be premature, and that would be the perfect bear trap.
Have I got something on my face, SOLDIER?
  • #540,107
  • Sep 19, 2011 5:44pm Sep 19, 2011 5:44pm
for those who care:

http://www.reuters.com/article/2011/...NA880320110919
  • #540,108
  • Sep 19, 2011 5:46pm Sep 19, 2011 5:46pm
Quoting jan8
love it when this kind of move happens & i am on the right side of the market.
lol

Jan
and I hate it
ROBOT FOREX
  • #540,109
  • Sep 19, 2011 5:47pm Sep 19, 2011 5:47pm
BOOYAH!
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  • #540,110
  • Sep 19, 2011 5:48pm Sep 19, 2011 5:48pm
Quoting bumapatria
i suggest only shorting after 3517 support broken. any trades taken now should only be risk scalps with tight stops. everything is dropping. silver, stocks, etc. Be careful. even breaking through support could be premature, and that would be the perfect bear trap.
I think the safest way would be if a pull back occurs to the 20 ema and PA fallows.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #540,111
  • Sep 19, 2011 5:48pm Sep 19, 2011 5:48pm
Quoting Forbes55
and I hate it
You hate it because im guessing youre long. countertrend trading is only for masters mate. Its hard skill to achieve. even scalping is for pros. Pure focus. The pure trend now is down.

So whats the story?
Have I got something on my face, SOLDIER?
  • #540,112
  • Sep 19, 2011 5:49pm Sep 19, 2011 5:49pm
Quoting jan8
love it when this kind of move happens & i am on the right side of the market.
lol

Jan
Good on you. Remember we make out own luck.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #540,113
  • Sep 19, 2011 5:50pm Sep 19, 2011 5:50pm
3600 has to hold for a bounce to occur
REQUESTING NO VOUCHES.Vouches are useless.
  • #540,114
  • Sep 19, 2011 5:54pm Sep 19, 2011 5:54pm
This 3pip ranging just gets into my nerves. Anyway. Watching Family guy now.
Its ten minutes to 2 here.
  • #540,115
  • Sep 19, 2011 5:54pm Sep 19, 2011 5:54pm
Quoting Chillypiper
BOOYAH!
By pros, i mean like this guy.this chillypiper guy is good at scalps.
Have I got something on my face, SOLDIER?
  • #540,116
  • Sep 19, 2011 5:57pm Sep 19, 2011 5:57pm
Quoting Pegasus54
3600 has to hold for a bounce to occur
any support level has to hold for a bounce to occur my friend
Have I got something on my face, SOLDIER?
  • #540,117
  • Sep 19, 2011 5:58pm Sep 19, 2011 5:58pm
Quoting johnnyrei
Are you Polish?
What an odd question.

One click and you'd find out. But, if you can't even do that, what chance you got in this business.
  • #540,118
  • Sep 19, 2011 6:00pm Sep 19, 2011 6:00pm
Quoting bloodbubble
What an odd question.

One click and you'd find out. But, if you can't even do that, what chance you got in this business.
Polish then -UK resident
  • #540,119
  • Sep 19, 2011 6:02pm Sep 19, 2011 6:02pm
Thanks, but me no scapler If you have been following my post. More of a posistion trader, just my luck bout the S&P downgrade.I'm short from.3888

Quoting bumapatria
By pros, i mean like this guy.this chillypiper guy is good at scalps.
  • #540,120
  • Sep 19, 2011 6:02pm Sep 19, 2011 6:02pm
I will be buying at the bottom of this steep channel:
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