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  • #546,801
  • Oct 4, 2011 2:47pm Oct 4, 2011 2:47pm
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
Quoting Vilgax
made 50 pips today after covering my losses. Having a SL get hit is not nice but then you just get back in and get the pips back. The strong move up when NYC opened was a no-brainer and it gave a nice run up. Am so relieved about that. I have just gone in short from 3260 / tp 3190 / SL @ 3280 as I see its giving it all back again....good ol' dollar....

so much for that quip lol. stopped out at +1 / had enough for the day 51 pips good enough for me......3316 looks good as does 3331...GN all zzzzzzz
The forex market has its own life and takes its own time.
  • #546,802
  • Oct 4, 2011 2:47pm Oct 4, 2011 2:47pm
I can see EU is definitely bearish for long term but it may not down that much right now. i dont want to trade against the trend but i see 1 hour chart looks bullish trend and has the potential to flat the 4H bearish trend, i am still nervous for long so i just opened a 0.01 lot (I usually open 0.05 lot or 0.1 lot) long on EU at 1.3240 with 100 pips s/l therefore i think my long is very safe and even if it is s/l the loss is ok for me. I am still waiting for a good short chance above 1.3600 or 1.3900-4000 is even better (probably wont be able to get there by this year). If EU can close up 1.3360 tomorrow then i will add another 0.01 lot and move both stop b/e at the average prcie.
I believe this is not a bad strategy when you try to follow a short run trend which against the long run trend.
Let's see how far it will correction.
  • #546,803
  • Oct 4, 2011 2:47pm Oct 4, 2011 2:47pm
And to think, I almost thought we wouldn't see this sort of thing again today. I suppose I was wrong.
  • #546,804
  • Oct 4, 2011 2:49pm Oct 4, 2011 2:49pm
Quoting key4success
sold 3270..TP 3200...NO sl as usual

sorry i am still confused why did you say losing 200 pips when you were in profit?? and did you count 1.32700-1.32500=200 pips because your broker is 5 digits? people usually call that 20 pips instead of 200 pips.
  • #546,805
  • Oct 4, 2011 2:51pm Oct 4, 2011 2:51pm
Quoting kuroro001
Higher move is opened...

I watch in silence, and I like what I see
  • #546,806
  • Oct 4, 2011 2:53pm Oct 4, 2011 2:53pm
Considering the nice bounce in the DOW at the end of the day, looking for an up day tomorrow in Asia and Europe, bodes well for a further bullish move in the euro. Risk should be on tonight.
Yay! Pips for everyone!
  • #546,807
  • Oct 4, 2011 2:54pm Oct 4, 2011 2:54pm
EU will go to week open 1.3353
  • #546,808
  • Oct 4, 2011 2:57pm Oct 4, 2011 2:57pm
Quoting Yuchen
what do you mean you were 600 ??? I did not understand?? if you were losing 200 pips at 1.3250 level, that means EU was supposed to at 1.2850 level when you were losing 600 pips.. or did you count number of lots multiply the pips as the total pips you are losing so you were losing 600 pips?
i opin multiply of lots 5x5K so i just want to thanks good coz closed that damn trad at 1.3250 coz it up again i think i will have heart attack
  • #546,809
  • Oct 4, 2011 2:59pm Oct 4, 2011 2:59pm
Quoting FXMindset
honestly why ...
I dunno if he is a nobrainer. I actually wasnt exploring his trades yet. There are too many skilled traders whose trades I want to explore first . All I care about is analysis and trading. He may just been pissed of at Kuroro for some of his sick own reason, dunno and I dont care in fact. I just analyse, thats all.
And i am kind of a samaritan, I am helping everywhere I can.

T.
"I know one thing, that I know nothing." Sokrates
  • #546,810
  • Oct 4, 2011 3:01pm Oct 4, 2011 3:01pm
Almost 400 points rally on the DOW...what a day in NY!
COT: The precious data ignored
  • #546,811
  • Oct 4, 2011 3:02pm Oct 4, 2011 3:02pm
Quoting Yuchen
ok, i tell you my story about no s/l. i used to play no s/l when i was just started and then i kept open another one when i was in 100 pips loss and never stop them, so i was lucky at the beginning because the market was in a range play, everytime i started to lose, but then i add more on later, and eventually, it back up because it was in a range play so i quickly made my balance account 5 times in 2 weeks. Then i thought i was super smart and forex is so easy, you can just add more when you are losing and then wait for it back then you will earn...
Been there done that a few years back at 1000:1 leverage it's great while it works but it sucks when the market decides to keep going 500+ pips against you and you're left with $15 in your account.
  • #546,812
  • Oct 4, 2011 3:02pm Oct 4, 2011 3:02pm
Quoting al5al majd
EU will go to week open 1.3353
Might even fill the gap?

  • #546,813
  • Oct 4, 2011 3:03pm Oct 4, 2011 3:03pm
A daily close over 1.3360 would be awesome for temporary bulls such as myself. lol
Yay! Pips for everyone!
  • #546,814
  • Oct 4, 2011 3:04pm Oct 4, 2011 3:04pm
any idea what caused that move? couldn't find any news...
meine augen sind die sterne
  • #546,815
  • Oct 4, 2011 3:04pm Oct 4, 2011 3:04pm
Quoting hadydodo
i opin multiply of lots 5x5K so i just want to thanks good coz closed that damn trad at 1.3250 coz it up again i think i will have heart attack
i see. dont open large lots. Always open small lots and then add more if it is on your trend. Even the daily market could have a 100 pips trend and weekly could have 300-400 pips trend so reduce your risk is more important than increase your profit.
  • #546,816
  • Oct 4, 2011 3:04pm Oct 4, 2011 3:04pm
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
Quoting kuroro001
Almost 400 points rally on the DOW...what a day in NY!
sleep can wait...looks like its going for the gap...
The forex market has its own life and takes its own time.
  • #546,817
  • Oct 4, 2011 3:05pm Oct 4, 2011 3:05pm
Quoting aserbfx
any idea what caused that move? couldn't find any news...
Looks like it was just moving in tandem with the rallies on the NDQ and DJIA, the GBP/USD pair made a very similar move in almost perfect parallel with the EUR/USD. Too bad I didn't enter long on the trade, I was too scared to pull the trigger 20 minutes ago. Man, do I feel stupid now :-P
  • #546,818
  • Oct 4, 2011 3:05pm Oct 4, 2011 3:05pm
From WORLD 8:19pm
EU ministers look at bank aid plans

FT
Make money with me
  • #546,819
  • Oct 4, 2011 3:07pm Oct 4, 2011 3:07pm
Quoting fxpassion
From WORLD 8:19pm
EU ministers look at bank aid plans

FT
sure. that's it. wow, great news for the economy :-)))
meine augen sind die sterne
  • #546,820
  • Oct 4, 2011 3:07pm Oct 4, 2011 3:07pm
Quoting jaws810
Been there done that a few years back at 1000:1 leverage it's great while it works but it sucks when the market decides to keep going 500+ pips against you and you're left with $15 in your account.
You had 1000:1 leverage broker??
I am using ONADA now and they give me 10:1 leverage but i think it is good because traders are not able to gambling their whole money at 10:1 leverage, even they used all margin they could only risk 10% of their account so it is safe and i always play small lot and then add more later.
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