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  • #551,861
  • Oct 19, 2011 4:11am Oct 19, 2011 4:11am
Quoting forexguru
too early, your take profit should be much more than your stop loss otherwise you would be a loser in the long term.
I wouldn't say his r/r was too wrong. I thought the entry price was a bit of a gamble but, hey, it's paid off.
  • #551,862
  • Oct 19, 2011 4:12am Oct 19, 2011 4:12am
Quoting forexguru
too early, your take profit should be much more than your stop loss otherwise you would be a loser in the long term.
my sl was 15 pips only and my target 30 pips !

i am a scalper don't worry and thanks for the advice .

Have a nice day !
  • #551,863
  • Oct 19, 2011 4:13am Oct 19, 2011 4:13am
guys who read and followed my post before:

1.3800 Long
1.3775 stop loss
1.3890 take profit

Are enjoying the pips now!
  • #551,864
  • Oct 19, 2011 4:13am Oct 19, 2011 4:13am
Quoting Robertk
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.
That
  • #551,865
  • Oct 19, 2011 4:13am Oct 19, 2011 4:13am
Quoting roreki
my sl was 15 pips only and my target 30 pips !

i am a scalper don't worry and thanks for the advice .

Have a nice day !

Thanks
  • #551,866
  • Oct 19, 2011 4:14am Oct 19, 2011 4:14am
1.3830ish ve been respected several times...so..better stay away if u got real gun..or ...pull the triger
  • #551,867
  • Oct 19, 2011 4:15am Oct 19, 2011 4:15am
Quoting KiwiTrada
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...
Thanks Kiwi

mla
"The Heart is the hub of all dances; go there and chill out"
  • #551,868
  • Oct 19, 2011 4:16am Oct 19, 2011 4:16am
Quoting micho
still bull traps so far, no confirmation no strength of bulls... nothing
I see only strength today...dips are being bought mate
Next step is 1,388x unless it goes back below 1,3830
COT: The precious data ignored
  • #551,869
  • Oct 19, 2011 4:21am Oct 19, 2011 4:21am
this is like wtf?
  • #551,870
  • Oct 19, 2011 4:22am Oct 19, 2011 4:22am
to be more confortable with your winner you can take half of your profit on the way and put a stop on BE on remaining position .
That way you can surf longer a winning position not being in risk of loosing all
  • #551,871
  • Oct 19, 2011 4:22am Oct 19, 2011 4:22am
This should not be the top yet, i expect at least temporary reversal for EURUSD when bund futures hit 134,20/25.

Now at 134,51.

Maybe there will be a good spike soon.
They think they are smarter than I am.
  • #551,872
  • Oct 19, 2011 4:26am Oct 19, 2011 4:26am
This better not BOF.. That's the last thing I'd expect.
  • #551,873
  • Oct 19, 2011 4:29am Oct 19, 2011 4:29am
Quoting KiwiTrada
Sorry just read, no ltl is lower trend line, Dltl is descending lower tl Altl is ascending lower tl etc etc, sometimes is relevant to know if tl is ascending or descending, ie bear flag bull flag bear channel etc etc

Thanks.
  • #551,874
  • Oct 19, 2011 4:29am Oct 19, 2011 4:29am
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.
Wow. You are absolutely RIGHT SPOT ON! However, most people cannot accept losing. Keep searching for the holy grail.

They always believe there is some secret trader hiding with his secret system somewhere.

Being 50% does not mean 1 W, 1 L, 1 W, 1 L.
It could be 10 Losses in a row before 10 winners.

Most people just give up when they have a losing streak and go search another system/method/strategy. In the end, they will be back where they started.

Just accept it is a 50% game, make the most out of the winners and the least out of the losers.
  • #551,875
  • Oct 19, 2011 4:33am Oct 19, 2011 4:33am
Quoting Z3iz3i
This should not be the top yet, i expect at least temporary reversal for EURUSD when bund futures hit 134,20/25.

Now at 134,51.

Maybe there will be a good spike soon.
I believe this is the top. the 50% Fibonacci retracement of the 8/30 to 10/4 drop at 1.3844 is being respected nicely while forming the right shoulder of a classic Head & Shoulders pattern. The predicted minimum drop if and when we break the neckline at 1.3620 is to around 133.

I am betting heavily on the short side. Will reevaluate at 1.33.
Attached Image (click to enlarge)
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Observation is the path to discovery.
  • #551,876
  • Oct 19, 2011 4:39am Oct 19, 2011 4:39am
Quoting Alorente
I believe this is the top. the 50% Fibonacci retracement of the 8/30 to 10/4 drop at 1.3844 is being respected nicely while forming the right shoulder of a classic Head & Shoulders pattern. The predicted minimum drop if and when we break the neckline at 1.3620 is to around 133.

I am betting heavily on the short side. Will reevaluate at 1.33.

I am with you, not betting, but strategic positioning very much like your targets, kiwi I will be heavily inebriated at 133
If you are new to Forex? Say Goodbye to your account!!
  • #551,877
  • Oct 19, 2011 4:40am Oct 19, 2011 4:40am
Target 1.388x ?
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  • #551,878
  • Oct 19, 2011 4:42am Oct 19, 2011 4:42am
Strength completely dried up....1,372x can be on the cards
COT: The precious data ignored
  • #551,879
  • Oct 19, 2011 4:46am Oct 19, 2011 4:46am
Quoting KiwiTrada
I am with you, not betting, but strategic positioning very much like your targets, kiwi I will be heavily inebriated at 133
WeŽll party together then.

You are right. Betting is the wrong word. I am strategically positioned also. It sounds better. Thanks.

Also, the clear divergences on both the Trix and RSI supports the view of an imminent fall.

A clear break higher of the 50% at 1.3844 will, of course, blast my projections to smithereens, but I am confident this will not happen at this time. This is a dream short with huge profit potential and a close stop loss.
Observation is the path to discovery.
  • #551,880
  • Oct 19, 2011 4:49am Oct 19, 2011 4:49am
reverse H & S on the hourly. target 1.39
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