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  • #547,701
  • Oct 6, 2011 5:56pm Oct 6, 2011 5:56pm
Quoting paulw6182
Man I cant believe Steve Jobs died last night over cancer it is really all of a sudden. Cancer is the real serious deal. he was a cool dude.

some filthy rich guys are more gracious then others he was gracious and contributed to the world.
will there be any impact on the price of Apple stock?
  • #547,702
  • Oct 6, 2011 6:01pm Oct 6, 2011 6:01pm
yes it already went down yesterday
  • #547,703
  • Oct 6, 2011 6:25pm Oct 6, 2011 6:25pm
ive been watching the price for hours, its killing me am short on 4 lots 1.3425 / 1.3285 / 1.3266 / 1.3366, its killing me just move in one direction.
Forex will make you loose but you will stay gambling
  • #547,704
  • Oct 6, 2011 6:32pm Oct 6, 2011 6:32pm
It won't move till the news! you know all traders now are waiting for this kind of news to enter the market.... so wait another 13 hours

Quoting Jawadnimri
ive been watching the price for hours, its killing me am short on 4 lots 1.3425 / 1.3285 / 1.3266 / 1.3366, its killing me just move in one direction.
  • #547,705
  • Oct 6, 2011 6:41pm Oct 6, 2011 6:41pm
Quoting Jawadnimri
ive been watching the price for hours, its killing me am short on 4 lots 1.3425 / 1.3285 / 1.3266 / 1.3366, its killing me just move in one direction.
is that your demo account?
As Above, So Below
  • #547,706
  • Oct 6, 2011 7:10pm Oct 6, 2011 7:10pm
Quoting Jawadnimri
ive been watching the price for hours, its killing me am short on 4 lots 1.3425 / 1.3285 / 1.3266 / 1.3366, its killing me just move in one direction.
may i ask you how large is your account balance?
it seems your average entry price is 3335 and you have almost -4000 loss. be careful put s/l otherwise the news might will drive EU go futhur up for correction.
It would be painful that we all know the long trend is down for sure but because of you did not have a good risk and money management and you may lose most of your money before EU back to downtrend.
I had 7 times experience that lost all my money, 3 of them were because i entered the full account then i guess wrong, 4 of them were because i kept add more lot when i was losing and no s/l. i hope you dont face my lose experience tomorrow. i also understand your feeling now you must feel nervous and wanted the market to move but unfortunately, it is unlikely to move before nof, so if it is possible, take a break and hope everything is fine for you tomorrow. if EU is suddently drop crazy tomorrow just after the news released and when your total loss is a reasonable, such as you lose -500, which is way better than now, i suggest you maybe you should close them. because i used to wait for the price back to my profit price then close it instead of close it at small lose and finally i end up with a big lose (although it is way better if you could end up with profit)
Good luck and i suggest you put s/l in your trade in the future.
  • #547,707
  • Oct 6, 2011 7:11pm Oct 6, 2011 7:11pm
Quoting Jawadnimri
ive been watching the price for hours, its killing me am short on 4 lots 1.3425 / 1.3285 / 1.3266 / 1.3366, its killing me just move in one direction.
You've still got a short opened with almost 200 pips negative? What are your stop losses man?
  • #547,708
  • Oct 6, 2011 7:13pm Oct 6, 2011 7:13pm
The whipsaw in the pair caught me off guard today... Good ol money management, saving my account again.
  • #547,709
  • Oct 6, 2011 7:32pm Oct 6, 2011 7:32pm
Quoting Yuchen
may i ask you how large is your account balance?
it seems your average entry price is 3335 and you have almost -4000 loss. be careful put s/l otherwise the news might will drive EU go futhur up for correction.
It would be painful that we all know the long trend is down for sure but because of you did not have a good risk and money management and you may lose most of your money before EU back to downtrend.
I had 7 times experience that lost all my money, 3 of them were because i entered the full account then i guess wrong, 4 of them were because...
Had that once with AUDUSD, was 200pips green but my target was 300 then price kept going up and I was very sure that I was right..

But I got blown out before price plummeled down past 1.00

As the saying goes "The market can remain irrational longer than you can stay rational"
  • #547,710
  • Oct 6, 2011 7:33pm Oct 6, 2011 7:33pm
Can any one refer a good Money Management site or book.

Thanks.
KC.

Quoting Yuchen
may i ask you how large is your account balance?
it seems your average entry price is 3335 and you have almost -4000 loss. be careful put s/l otherwise the news might will drive EU go futhur up for correction.
It would be painful that we all know the long trend is down for sure but because of you did not have a good risk and money management and you may lose most of your money before EU back to downtrend.
I had 7 times experience that lost all my money, 3 of them were because i entered the full account then i guess wrong, 4 of them were because...
  • #547,711
  • Oct 6, 2011 7:34pm Oct 6, 2011 7:34pm
Quoting KCV
Can any one refer a good Money Management site or book.

Thanks.
KC.
I think a google search on forex risk management would give you plenty, else you can have a long read on turtle trader
  • #547,712
  • Oct 6, 2011 7:41pm Oct 6, 2011 7:41pm
Quoting jayjb
I think a google search on forex risk management would give you plenty, else you can have a long read on turtle trader

Ty.
  • #547,713
  • Oct 6, 2011 7:49pm Oct 6, 2011 7:49pm
Euro hits supply, and gann resistance, and bullish momentum seems dying out.

Great place to short in my opinion
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gann eurusd.gif Size: 20 KB
Click to Enlarge Name: mas rama sell.gif Size: 30 KB
Have I got something on my face, SOLDIER?
  • #547,714
  • Oct 6, 2011 8:09pm Oct 6, 2011 8:09pm
Quoting bumapatria
Euro hits supply, and gann resistance, and bullish momentum seems dying out.

Great place to short in my opinion
You feel confident shorting before the news and during this time of low price action? I don't doubt your analysis or anything, I think I'm just more of a chicken than you are
  • #547,715
  • Oct 6, 2011 8:10pm Oct 6, 2011 8:10pm
... either this level or the next, I can't enter till my flag breaks on the 4h chart
Attached Image (click to enlarge)
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WARNING: Don't follow me as I'm just learning
  • #547,716
  • Oct 6, 2011 8:22pm Oct 6, 2011 8:22pm
Quoting bumapatria
Euro hits supply, and gann resistance, and bullish momentum seems dying out.

Great place to short in my opinion

untill now there's no bearish signal.... it should break 1.3404 which is 0.75 Fibonacci level, but till now it struggle with it... any way i'm bearish with an entry from 1.3430... but maybe will close it before the news... good luck
  • #547,717
  • Oct 6, 2011 8:27pm Oct 6, 2011 8:27pm
Quoting eliasahmar
untill now there's no bearish signal.... it should break 1.3404 which is 0.75 Fibonacci level, but till now it struggle with it... any way i'm bearish with an entry from 1.3430... but maybe will close it before the news... good luck
Im on a breakeven stop loss.
so i guess im covered
Have I got something on my face, SOLDIER?
  • #547,718
  • Oct 6, 2011 8:31pm Oct 6, 2011 8:31pm
Quoting factorof2
You feel confident shorting before the news and during this time of low price action? I don't doubt your analysis or anything, I think I'm just more of a chicken than you are
lol dude. You need to do what you feel is best .

i use the volatility of the news to get high quality entries, counter-entries, and gold and eur/usd is amazing at that. Enjoyed trading extreme yesterday.

I use the non-volatile asian sessions as a slow, but clear directions of where price goes in that particular session.

here is where my trade is now, and here is my results for yesterday.

just be confident, dont get complacent, ull be fine
having a strong emotional intelligence + strong trading style and system is key.

good luck man
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gann eurusd.gif Size: 21 KB
Click to Enlarge Name: 10.6.2011.JPG Size: 147 KB
Have I got something on my face, SOLDIER?
  • #547,719
  • Oct 6, 2011 8:35pm Oct 6, 2011 8:35pm
Quoting bumapatria
lol dude. You need to do what you feel is best .

i use the volatility of the news to get high quality entries, counter-entries, and gold and eur/usd is amazing at that. Enjoyed trading extreme yesterday.

I use the non-volatile asian sessions as a slow, but clear directions of where price goes in that particular session.

here is where my trade is now, and here is my results for yesterday.

just be confident, dont get complacent, ull be fine
having a strong emotional intelligence + strong trading style and system is...
Good ideas for sure I'm personally expecting the retrace tomorrow starting with the London session, it's constantly testing the 1.3400x levels and it seems due for one after the spike.
  • #547,720
  • Oct 6, 2011 8:39pm Oct 6, 2011 8:39pm
Quoting factorof2
Good ideas for sure I'm personally expecting the retrace tomorrow starting with the London session, it's constantly testing the 1.3400x levels and it seems due for one after the spike.
yup.

the 3400, and 3300 are key psychological levels for bears and bulls at the moment.

3300 has been demand and support 3400 is the bear's playzone (supply)

can u show a chart with your analysis? i like seeing others' opinins
Have I got something on my face, SOLDIER?
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