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  • #558,261
  • Nov 4, 2011 5:57am Nov 4, 2011 5:57am
Quoting cloggie


Time for some more coffee while we try once more for that 52

Not a lot of momentum on this try here, some of the speculators must have given up and gone home, so this is telling me that 52 is holding. Now just see the momentum/breakout to the down side and we are in full retreat mode.
  • #558,262
  • Nov 4, 2011 5:57am Nov 4, 2011 5:57am
Quoting KiwiTrada
sell eu 3346 sl 33 66
I hope that is a typo.
  • #558,263
  • Nov 4, 2011 5:57am Nov 4, 2011 5:57am
Quoting matt9824
Use a manual SL and watch it closely - in a ranging market it will often come back your way - takes some balls though
thanks for the advice, Matt. i moved my sl to be too quickly this time... awww
  • #558,264
  • Nov 4, 2011 5:58am Nov 4, 2011 5:58am
Quoting eu_trader
wow........ur obviously jealous tt i profited a few mil. from this trade...........use ur brain..........i cannot buy any trades unless i close my order.......dumb d0g
I JUST LOVE THIS FORUM !!!
  • #558,265
  • Nov 4, 2011 5:58am Nov 4, 2011 5:58am
Quoting kuroro001
You didn't profit anything smart ass....when it went back to 1,3900 (your entry) you magically disappeared...then up to 1,4250...lost a few demo millions.

You cannot buy any more ? Margin call is calling you ?

And now you reappear saying let's go up... you are a freaking tool really.
Demo is not real money kiddo, don't tell me you didn't know that

are u playing demo all these yrs? sad boy
I have past history of statements to justify what i say.
  • #558,266
  • Nov 4, 2011 5:58am Nov 4, 2011 5:58am
CAD should turn strong after news.. may be i will look for an sell on ucad
  • #558,267
  • Nov 4, 2011 6:00am Nov 4, 2011 6:00am
Quoting cloggie
Now just see the momentum/breakout to the down side and we are in full retreat mode.

Bingo, and that kids is how you play resistance plays, that's how you pick the tops and bottoms, just pay very close attention to the story the candles are telling you. They are very clear in showing the net result of the behaviour of the crowd.
  • #558,268
  • Nov 4, 2011 6:00am Nov 4, 2011 6:00am
Quoting cloggie
Not a lot of momentum on this try here, some of the speculators must have given up and gone home, so this is telling me that 52 is holding. Now just see the momentum/breakout to the down side and we are in full retreat mode.
Did you actually expect us to break 1.3852. I saw the reversal pattern before we even tested 1.3852. Just wondering if you saw too and were just joking around or not?
  • #558,269
  • Nov 4, 2011 6:00am Nov 4, 2011 6:00am
uCAD
  • #558,270
  • Nov 4, 2011 6:03am Nov 4, 2011 6:03am
Quoting Kowalczyk
Did you actually expect us to break 1.3852. I saw the reversal pattern before we even tested 1.3852. Just wondering if you saw too and were just joking around or not?
A classic spike base reversal pattern. If you don't know, read about it here:
http://www.forexfactory.com/showthre...se#post2758294
  • #558,271
  • Nov 4, 2011 6:04am Nov 4, 2011 6:04am
German data negative - eur/usd down
  • #558,272
  • Nov 4, 2011 6:05am Nov 4, 2011 6:05am
Quoting mercy seat
Yes EX-HIGH and a weekly FIBO (minor key) as well ...

But it has nothing at the moment ...

I did try to catch some at 1.3853 ... but got only 1.38499 ... because without limit entry ...

Covered now at 1.38382 ...

Not worthy to think about ...

They do play a little footsie there ... as mentioned earlier before ...



;-|
Highest been given has been 1.3855 (BID 10:58 CET) with all real major global INTERBANK pools connections ...


If the kids keep on knocking there at the door 1.3855 (EX-High; double TOP; weekly minor key) then it might play some pop up and squezze up games a little ...

I still don't care that much and I can wait ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #558,273
  • Nov 4, 2011 6:05am Nov 4, 2011 6:05am
Quoting fxkiller
CAD should turn strong after news.. may be i will look for an sell on ucad
scalping buy on ucad
  • #558,274
  • Nov 4, 2011 6:05am Nov 4, 2011 6:05am
Quoting cloggie
uCAD
2060 ?
  • #558,275
  • Nov 4, 2011 6:08am Nov 4, 2011 6:08am
Quoting eu_trader
are u playing demo all these yrs? sad boy
Yes kid...i'm demo trading like you...managing demo millions...quiet easy to make money isn't it, no stress tool
COT: The precious data ignored
  • #558,276
  • Nov 4, 2011 6:09am Nov 4, 2011 6:09am
Quoting happytrader
thanks for the advice, Matt. i moved my sl to be too quickly this time... awww
I will give you an example (beware I take risks)...

Look at Minute chart of AUD/USD - i forecast a down trend driven by news. I shorted last night and did ok. This morning I shorted again at 1.03852 for a scaple down to 1.03960 (20 pips) the market went against meup to 1.0480 (30 pips which was -£250 for me) I then shorted again at the top and chased both in at 1.03960 - this was a risky 10 minutes but I managed to come out with plus £100 after spreads and a bit of slipage.

Now I am not saying that this works all the time - but in a ranging market if you hold your position at a good entry then it will usualy come back at you. I would not do this in a trending market.

I have a £6k account so really this was a bad call for such a small gain - but I shows you that if I chickened out and stoppped I would be down a few hundred!!!

Be flexible

I know many will disagree but i used to loose to many times not being flexible.
  • #558,277
  • Nov 4, 2011 6:09am Nov 4, 2011 6:09am
Quoting Kowalczyk
A classic spike base reversal pattern. If you don't know, read about it here:
http://www.forexfactory.com/showthre...se#post2758294

I don't follow retail invented cr@p, I only look at what the big boys look at and I never ever anticipate, I trade the 99.99% confirmed setups, fine I give up 5 or 10 pips, or even 20 at times, but my R/R ratio is staggering by doing that and I rarely get stopped out. Doing that does mean you give up the minor setups, but you just focus on the larger ones.

I have never looked at systems/strategy/tools here on FF, there is no point, nothing worth looking at.
  • #558,278
  • Nov 4, 2011 6:12am Nov 4, 2011 6:12am
There is nothing to do before NFP. Just some position tuning there going on.

Range which will be played is 1.3749 - 1.3929. Sell and buy against when price arrives at extremes first time, second time for breakout if signals it.
They think they are smarter than I am.
  • #558,279
  • Nov 4, 2011 6:13am Nov 4, 2011 6:13am
Quoting fxkiller
scalping buy on ucad
SL now on BE entry at 65
  • #558,280
  • Nov 4, 2011 6:13am Nov 4, 2011 6:13am
Quoting matt9824
I will give you an example (beware I take risks)...

Look at Minute chart of AUD/USD - i forecast a down trend driven by news. I shorted last night and did ok. This morning I shorted again at 1.03852 for a scaple down to 1.03960 (20 pips) the market went against meup to 1.0480 (30 pips which was -£250 for me) I then shorted again at the top and chased both in at 1.03960 - this was a risky 10 minutes but I managed to come out with plus £100 after spreads and a bit of slipage.

Now I am not saying that this works all the time - but in a ranging market...
Stop trading 1 lot with a £6k account. Believe me, been there done that, it didnt end well. No matter how good u are u will get busted.
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