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EURUSD

  • #551,841
  • Oct 19, 2011 3:37am Oct 19, 2011 3:37am
Quoting KiwiTrada
PA is starting to squeeze, yes this process is very frustrating, but the bo should be worth waiting it better be
Why, are you long?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #551,842
  • Oct 19, 2011 3:40am Oct 19, 2011 3:40am
still waiting the price to break either side.
Have to wait
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  • #551,843
  • Oct 19, 2011 3:43am Oct 19, 2011 3:43am
1.3800 long
1.3775 stop loss
1.3890 take profit

We risk 25 pips to get 90.

The reason we are long price did not manage to brake middle line of 30 minutes bolinger band, also price above pivot level, also asian market very bullish. So we have more reasons for long than short.
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  • #551,844
  • Oct 19, 2011 3:45am Oct 19, 2011 3:45am
seems like bull losing steam.. strong res. for the week..i guesss good r/r 4 the bear...need to confirm tho..
  • #551,845
  • Oct 19, 2011 3:46am Oct 19, 2011 3:46am
bought @ 805 Sl @ 790 TP @ 835
  • #551,846
  • Oct 19, 2011 3:47am Oct 19, 2011 3:47am
stand aside is the right choice still
When life gives you lemons, make lemonade
  • #551,847
  • Oct 19, 2011 3:49am Oct 19, 2011 3:49am
Need this go first.. 3 touches and no go yet... last touch otherwise i'm gonna short it.
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There is no royal road to anything.
  • #551,848
  • Oct 19, 2011 3:50am Oct 19, 2011 3:50am
I trade forex more than 9 years and I have burnt more than 15 times my account, I did not have someone to teach me and I have lost a lot of time.
  • #551,849
  • Oct 19, 2011 3:54am Oct 19, 2011 3:54am
Quoting forexguru
I trade forex more than 9 years and I have burnt more than 15 times my account, I did not have someone to teach me and I have lost a lot of time.
we all did
When life gives you lemons, make lemonade
  • #551,850
  • Oct 19, 2011 3:55am Oct 19, 2011 3:55am
Quoting forexguru
I trade forex more than 9 years and I have burnt more than 15 times my account, I did not have someone to teach me and I have lost a lot of time.
what do u do to become success lastly?
  • #551,851
  • Oct 19, 2011 3:58am Oct 19, 2011 3:58am
Quoting calvk81
what do u do to become success lastly?
I have learned one thing very well, which is the most important.

Sometimes you will be right, sometimes you will be wrong.

Risk much less lets say 25 pips and always aim for about 50 pips.

So 50/50 wins and losses you are a winner.

This is the most good lesson I have learned but it is not that easy to put it in action, more easy in theory as emotions will take over you when you lose a trade.

When you trade without emotions and follow the above rule you will be a winner.
  • #551,852
  • Oct 19, 2011 3:58am Oct 19, 2011 3:58am
Similar EU pairs (like EUR/JPY for example) are acting bullish(off course) and have some nice decent space to rise in, while the USD index is about to break its triangle.

Also consolidating quite some time around this supply area for now.. I would not be surprised if this breaks upside.

Standing aside tho.
  • #551,853
  • Oct 19, 2011 3:59am Oct 19, 2011 3:59am
Quoting eu_trader
it's a chance for u guys to short EU now..........this pair will drop to 1.33000....dun be surprised
only thing surprising is seeing you posting again after your predictions were shot to hell, burnt and buried. Same of course as for your prediction this time.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #551,854
  • Oct 19, 2011 4:04am Oct 19, 2011 4:04am
Quoting forexguru
I have learned one thing very well, which is the most important.

Sometimes you will be right, sometimes you will be wrong.

Risk much less lets say 25 pips and always aim for about 50 pips.

So 50/50 wins and losses you are a winner.

This is the most good lesson I have learned but it is not that easy to put it in action, more easy in theory as emotions will take over you when you lose a trade.

When you trade without emotions and follow the above rule you will be a winner.
The greatest quote"It is about how much you win when you are right"
I still cant make much when i right at sometime. Still have to control myself.
  • #551,855
  • Oct 19, 2011 4:04am Oct 19, 2011 4:04am
still bull traps so far, no confirmation no strength of bulls... nothing
When life gives you lemons, make lemonade
  • #551,856
  • Oct 19, 2011 4:07am Oct 19, 2011 4:07am
Quoting roreki
bought @ 805 Sl @ 790 TP @ 835
TP hit
  • #551,857
  • Oct 19, 2011 4:07am Oct 19, 2011 4:07am
Quoting micho
still bull traps so far, no confirmation no strength of bulls... nothing
I don't agree this time. .37950 getting rejected fast, higher lows.. Just used previous high as a support + USD index about to fall..
Good chance of a boost upwards.
  • #551,858
  • Oct 19, 2011 4:08am Oct 19, 2011 4:08am
Quoting mla
Why, are you long?

mla
No, short but scalp sells, if resist holds they become full trades
Something to consider, Swissy she is contrarian to eu, 4hr is nice H&S in process off build right shoulder zoom into 1hr pa is form inverted H&S to form left shoulder

For eu to balance shoulder need approx 8 -10 more 1hr bars all ladies is getting squeeze tighter and tighter, the EU 1hr falling wedge pa is getting squeezed, approx 5-6 more bars and wedge will be microscope squeeze

I have short postions sliced and diced, and happy to wait BO either way, anything is better than sideways in wedge, is not even enough room to scalp now
If you are new to Forex? Say Goodbye to your account!!
  • #551,859
  • Oct 19, 2011 4:08am Oct 19, 2011 4:08am
Quoting roreki
TP hit
too early, your take profit should be much more than your stop loss otherwise you would be a loser in the long term.
  • #551,860
  • Oct 19, 2011 4:11am Oct 19, 2011 4:11am
Quoting eu_trader
it's a chance for u guys to short EU now..........this pair will drop to 1.33000....dun be surprised
Do you really think anyone will listen to you...
You didn't even take one pips from the 200 pips rise and you call yourself a trader...
At least you are entertaining...keep posting so we can keep laughing
COT: The precious data ignored
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