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  • #3,321
  • Sep 29, 2011 11:49pm Sep 29, 2011 11:49pm
Quoting T@rantula
Excellent job Seb! Well that not happens so often does it ? Patience is virtue some say
Hi mate,
Wisdom, Patience and Discipline.



Seb
  • #3,322
  • Sep 29, 2011 11:51pm Sep 29, 2011 11:51pm
Quoting Flynchenberg
Hi guys,
remember yesterday trade of GBPUSD?
Looks ok now for me.....like 300pips in profit. TP is where the yellow line ATR is I guess. Or I will leave it for weekend.

EURJPY over 1000 pips in profit....

GOOD MORNING!

Seb
Well done, like Tara said sometimes you need to take an initial loss to make good profit

I've been semi-successfully going both ways with cable

Of course now on board the bear ship.
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Don't get mad, get even!
  • #3,323
  • Sep 29, 2011 11:52pm Sep 29, 2011 11:52pm
I closed it all BUT...If this aint a fake move ( I used trend following strategy for the previous trade) we may see 1.3455.

3545 is the median stop. If that is broken I will look for 3575 ( my previous SL level ) and enter a long aiming 3630.
  • #3,324
  • Sep 29, 2011 11:57pm Sep 29, 2011 11:57pm
Quoting T@rantula
I closed it all BUT...If this aint a fake move ( I used trend following strategy for the previous trade) we may see 1.3455.

3545 is the median stop. If that is broken I will look for 3575 ( my previous SL level ) and enter a long aiming 3630.
Does look like Frankfurt fake, wait H1 to close and maybe continue down for another 15 minutes? Seen it happen so many times before. Then bounce back up.
Don't get mad, get even!
  • #3,325
  • Sep 29, 2011 11:57pm Sep 29, 2011 11:57pm
Quoting stulic
Well done, like Tara said sometimes you need to take an initial loss to make good profit

I've been semi-successfully going both ways with cable

Of course now on board the bear ship.
Yes Stulic. The problem with most traders is psychology. When they see a trade running into a LOSS, they tend NOT TO respect their stop loss levels and close the trade prematurely. Usually what happens is that trade after they closed it immediately reverses in profit direction. Also REVENGE trades are a TRADER'S BANE.

Revenge trades are usually taken IMMEDIATELY after scoring a LOSS in order to make up for the loss. That is psychological trading not anything to do with technical trading.
  • #3,326
  • Sep 29, 2011 11:59pm Sep 29, 2011 11:59pm
Quoting stulic
Does look like Frankfurt fake, wait H1 to close and maybe continue down for another 15 minutes? Seen it happen so many times before. Then bounce back up.
Hmm if it is 3545 will give us the answer. If we have a continuation 3500 > 3480. Some are calling it "Sweet spots" I call it 80s and 20s.

80 and 20- Powerful numbers. Those are ALWAYS good s/r levels.
  • #3,327
  • Sep 30, 2011 12:04am Sep 30, 2011 12:04am
Quoting 2046
Hi mercy, stulic - you seem to never sleep.

With narrowed S/R levels projected last Sunday, I am looking for decision at kijun sen 3525 (50%fib retracement from around 334x and 368x) if current TL is rejected.


Levels were not bad, only I was to busy for manual entries and found it risky to place pending orders. got stopped out twice on narrow SL.

Off to Iceland on saturday, wish you a good week!

well done flynch!
Touched 3522 during asia with light bounce, rejection this morning: TP 34560.
  • #3,328
  • Sep 30, 2011 12:07am Sep 30, 2011 12:07am
Quoting T@rantula
Yes Stulic. The problem with most traders is psychology. When they see a trade running into a LOSS, they tend NOT TO respect their stop loss levels and close the trade prematurely. Usually what happens is that trade after they closed it immediately reverses in profit direction. Also REVENGE trades are a TRADER'S BANE.

Revenge trades are usually taken IMMEDIATELY after scoring a LOSS in order to make up for the loss. That is psychological trading not anything to do with technical trading.
Sure, that psychology is tightly bound to traders account size and available margin, hence most novice traders perform better on demo accounts.
That's something one can or cannot learn and is IMHO the most important sign if Forex is suitable for someone or it isn't.
Don't get mad, get even!
  • #3,329
  • Sep 30, 2011 12:09am Sep 30, 2011 12:09am
Closed +41

Don't like the nibble on 5542, we might go up a bit from around there.
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  • #3,330
  • Sep 30, 2011 12:14am Sep 30, 2011 12:14am
It's 9.15 in Europe, time for London to change direction.
Long Aussie .9724
SL .9695
looking for another 40
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  • #3,331
  • Sep 30, 2011 12:17am Sep 30, 2011 12:17am
Quoting stulic
It's 9.15 in Europe, time for London to change direction.
Long Aussie .9724
SL .9695
looking for another 40
Corellated to EU. If it doesnt make a new low in next 15mins we may see a pullback.
  • #3,332
  • Sep 30, 2011 12:31am Sep 30, 2011 12:31am
Quoting T@rantula
Corellated to EU. If it doesnt make a new low in next 15mins we may see a pullback.
20+ already SL BE
Don't get mad, get even!
  • #3,333
  • Sep 30, 2011 12:32am Sep 30, 2011 12:32am
Quoting stulic
20+ already SL BE
Vgood!
  • #3,334
  • Sep 30, 2011 12:40am Sep 30, 2011 12:40am
Quoting T@rantula
Corellated to EU. If it doesnt make a new low in next 15mins we may see a pullback.
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  • #3,335
  • Sep 30, 2011 12:44am Sep 30, 2011 12:44am
Good morning traders!

Overall the EUR/USD pair have had seen a deeper pullback. And our beloved ELLIOTT TGT @ 1.3488 has been reached.

We did load there with a limit order. Genau bei 1.34885 ... another cascade still sits at 1.3482/81 ... and below that we have decadic logarithm entries!

No reason for me to change these chart settings and grafic configs for our own purposes ... but of course from intraday prospective our upside expectations are dampened for now at first ...

Maybe I will post a fresh calculation survey with after updates has been finished ... wenn ich Lust habe und Zeit hierzu finden kann ...

2011-09-30 _ (08h26 CET) EUR-USD _ 030min _ 000 candle 240-500-40



;-|
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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,336
  • Sep 30, 2011 12:49am Sep 30, 2011 12:49am
Quoting T@rantula
Attachment
+20 Stops at BE now Aiming 3543
  • #3,337
  • Sep 30, 2011 12:49am Sep 30, 2011 12:49am
Quoting mercy seat
And our beloved ELLIOTT TGT @ 1.3488 has been reached.]
Don't get mad, get even!
  • #3,338
  • Sep 30, 2011 12:55am Sep 30, 2011 12:55am
Quoting T@rantula
+20 Stops at BE now Aiming 3543
Closed some + 18 dont wanna risk all. 3543 final target or BE.
  • #3,339
  • Sep 30, 2011 1:05am Sep 30, 2011 1:05am
Quoting T@rantula
Closed some + 18 dont wanna risk all. 3543 final target or BE.
+18 BE hit.
  • #3,340
  • Sep 30, 2011 1:42am Sep 30, 2011 1:42am
s/o BE
Second attempt
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