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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #5,501
  • Oct 26, 2011 6:01pm Oct 26, 2011 6:01pm
Quoting jeff_b
Maybe I'm too careful but I'll get out and wait for the big drop/rise and chime in. EUR dropped 30 pips already. Let's wait and see.
yeah thats the idea. I took a really bad trade and I hedged it to some sorts going short at the top. Didnt break even but Id rather lose less then lose a lot
Lets do this...
  • #5,502
  • Oct 26, 2011 6:02pm Oct 26, 2011 6:02pm
And EUR dives... At least a little.

ADD: Even she got bored with waiting. Does that mean, that plan to postpone the plan failed?
  • #5,503
  • Oct 26, 2011 6:02pm Oct 26, 2011 6:02pm
the worst part today is I had a short order in on the us open candle and that small peak took my SL right before she dropped like a rock. bummers
Lets do this...
  • #5,504
  • Oct 26, 2011 6:05pm Oct 26, 2011 6:05pm
Quoting jcminvest
the worst part today is I had a short order in on the us open candle and that small peak took my SL right before she dropped like a rock. bummers
Thats why i decided to put my SLs wide, way above 1.40. 1.42 in fact. If it somehow got there, this would certainly not be by a spike nor a mistake.
  • #5,505
  • Oct 26, 2011 6:06pm Oct 26, 2011 6:06pm
Quoting Blobik
Thats why i decided to put my SLs wide, way above 1.40. 1.42 in fact. If it somehow got there, this would certainly not be by a spike nor a mistake.
I have a tendency to draw my sl a tad to close haha. happens often. I guess maybe a move would be to lower the MM and give more space for trades. something I need to work on. haha look at that EUR drop you turd
Lets do this...
  • #5,506
  • Oct 26, 2011 6:08pm Oct 26, 2011 6:08pm
thats why i dont use sl on euro/usd trades. well thats me

but think of urself safe instead
Have I got something on my face, SOLDIER?
  • #5,507
  • Oct 26, 2011 6:11pm Oct 26, 2011 6:11pm
Quoting Blobik
Thats why i decided to put my SLs wide, way above 1.40. 1.42 in fact. If it somehow got there, this would certainly not be by a spike nor a mistake.
Lately, as whippy as it's been. I've had to use smaller position size and larger stops.
I don't care which way the market is going as long as it's going my way
  • #5,508
  • Oct 26, 2011 6:11pm Oct 26, 2011 6:11pm

Quoting bumapatria
thats why i dont use sl on euro/usd trades. well thats me

but think of urself safe instead
not euphoria follower
  • #5,509
  • Oct 26, 2011 6:11pm Oct 26, 2011 6:11pm
Quoting jcminvest
I have a tendency to draw my sl a tad to close haha. happens often. I guess maybe a move would be to lower the MM and give more space for trades. something I need to work on. haha look at that EUR drop you turd
especially in a volatile market.
I don't use tight SL. I use it only as disaster prevention. I almost always close out my trades manually.
However, I am a swing and position trader. I do sleep well at night knowing that if something were to go terribly wrong, I won't lose much, while at the same time knowing that a sudden spike will never take me out prematurely
Those who say it cannot be done should not interrupt those who are doing it
  • #5,510
  • Oct 26, 2011 6:11pm Oct 26, 2011 6:11pm
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting bumapatria
thats why i dont use sl on euro/usd trades. well thats me

but think of urself safe instead
If you watch after your trades it is ok, but if you wanna have good night sleep, you'll have to use S/L. (Even though I hate them)...
  • #5,511
  • Oct 26, 2011 6:14pm Oct 26, 2011 6:14pm
Quoting iqyu5an
mas iqyu. capital is safe, and i dont freak out over losses. once u get dance of price there is no neeed to put stop loss in my opinion, unless it is one of a profit stop loss. i can take a -1000 pip loss and not whine about it, itll only take ou 5% less of my account. i am fluid, and i dont need a stop loss i am aware of MM and stop loss is not MM. its loss management for those who like to cut them short
Have I got something on my face, SOLDIER?
  • #5,512
  • Oct 26, 2011 6:15pm Oct 26, 2011 6:15pm
Quoting jcminvest
I have a tendency to draw my sl a tad to close haha. happens often. I guess maybe a move would be to lower the MM and give more space for trades. something I need to work on. haha look at that EUR drop you turd
If your TP's seem perfect, then you may readjust R/R ratio a bit, if there is a place to move both TP and SL, than move both so you won't change R/R ratio +, moving SL to BE may be a key often (and sometimes may take out your entry prematurely - you decide whether it is good or not).

I usually use wide SL or mental SL on EUR - she is choppy as hell. But sometimes my mental SL gots buggy and slips bunch of pips, or gets activated too soon. Mental stop on EURUSD is for guys who have the balls to withstand its chopiness and are able to admit the failure when needed. (No, I am still practicing to get to this level someday).

So, what is the next "postpone Fib level"? in next 20 mins? next 2 hours?
Or maybe we will get a reversal, and they will pretend that the press conference already took place? That would be innovative.
  • #5,513
  • Oct 26, 2011 6:15pm Oct 26, 2011 6:15pm
All trading in Australia on ASX has been halted.
I thought maybe for political reasons but it appears it is a technical problem.
Those who say it cannot be done should not interrupt those who are doing it
  • #5,514
  • Oct 26, 2011 6:16pm Oct 26, 2011 6:16pm
TBH I dont trust myself emotionally to not use a SL. and I like setting my TP due to some sort of indication SR trendline etc. I wish I didnt have to set a SL but I HAVE TO. because otherwise i'll play what if... and what if means only one thing... you guys are smart enough to take it from there
Lets do this...
  • #5,515
  • Oct 26, 2011 6:18pm Oct 26, 2011 6:18pm
Quoting AFXFin
If you watch after your trades it is ok, but if you wanna have good night sleep, you'll have to use S/L. (Even though I hate them)...
nah u dont.. as i posted above for me.. this is me people.. lol. kay, i dont mind leaving it open. BE stop loss is useless unless u really are having a feeling on ur neck that there might be a move against you, profit stop loss is okay, trailing stop is okay tp is okay, but as i say again i can take a loss of -1000 pips and not whine about it financially speaking for the safety of my capital, its not hurting me big. i dont overleverage ever, and trade max leverage 1:3 or 1:2. initials are always based on capital. rescues are a tad larger.

Have I got something on my face, SOLDIER?
  • #5,516
  • Oct 26, 2011 6:18pm Oct 26, 2011 6:18pm
EC press conference postponed again till 2am CEST
Those who say it cannot be done should not interrupt those who are doing it
  • #5,517
  • Oct 26, 2011 6:19pm Oct 26, 2011 6:19pm
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting bumapatria
mas iqyu. capital is safe, and i dont freak out over losses. once u get dance of price there is no neeed to put stop loss in my opinion, unless it is one of a profit stop loss. i can take a -1000 pip loss and not whine about it, itll only take ou 5% less of my account. i am fluid, and i dont need a stop loss i am aware of MM and stop loss is not MM. its loss management for those who like to cut them short
Buma, self-confidence is good, but traders tend to do that over and that's when they get ignorant. Also there is huge difference between demo and real money. Then you have to consider your actions more carefully. I assume you know that by experience?
  • #5,518
  • Oct 26, 2011 6:21pm Oct 26, 2011 6:21pm
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper
EC press conference postponed again till 2am CEST
God dammit... they really went to nightclub! Wake me up once it starts...
  • #5,519
  • Oct 26, 2011 6:21pm Oct 26, 2011 6:21pm
Quoting bumapatria
nah u dont.. as i posted above for me.. this is me people.. lol. kay, i dont mind leaving it open. BE stop loss is useless unless u really are having a feeling on ur neck that there might be a move against you, profit stop loss is okay, trailing stop is okay tp is okay, but as i say again i can take a loss of -1000 pips and not whine about it financially speaking for the safety of my capital, its not hurting me big. i dont overleverage ever, and trade max leverage 1:3 or 1:2. initials are always based on capital. rescues are a...
All depends on one's trading style Buma
There are as many successful trading styles as there are successful traders.
Everyone is unique.
Those who say it cannot be done should not interrupt those who are doing it
  • #5,520
  • Oct 26, 2011 6:22pm Oct 26, 2011 6:22pm
Postponed again. I am going to sell it soon.
"I know one thing, that I know nothing." Sokrates
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