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EURUSD

  • #559,481
  • Nov 8, 2011 7:09am Nov 8, 2011 7:09am
Quoting micho
you dont need a stop loss, you just need an entry and exit strategy... stop loss is for chicken who don't know what they are doing
its a tool.. thats all. I like it.
  • #559,482
  • Nov 8, 2011 7:11am Nov 8, 2011 7:11am
Quoting mpurdy1973
tell that to the people who were long on the swissie just before they pegged their currency - it was an immediate 1000 pip lose!
then their trade was wrong at first place... why would you open a trade when you see divergence? i got hit by some of these and had losses (-500) as well then i reversed my trade and got +300 back the second day but it doesn't happen often because i avoid them...
When life gives you lemons, make lemonade
  • #559,483
  • Nov 8, 2011 7:11am Nov 8, 2011 7:11am
yes; then you dont get bounce out for a small move; however you still protect yourself if something really goes wrong.

Quoting fxrising
It's always a good rule of thumb to put in a price shock SL, some use 100 pips.
  • #559,484
  • Nov 8, 2011 7:12am Nov 8, 2011 7:12am
Quoting SlyQsx
Bold...
You live only once...
  • #559,485
  • Nov 8, 2011 7:12am Nov 8, 2011 7:12am
Quoting Incrediblle
is that u in ur profile picture?

i mean the guy?
yes, the fat guy is me and the hot girl is my wife


Quoting micho
you dont need a stop loss, you just need an entry and exit strategy... stop loss is for chicken who don't know what they are doing
yes that is because you have a strategy and you have high discipline to close it when it reach to your exit price, but a lot people dont do that (include me before, so that's why i use s/l now) and they will eventually lose more..
  • #559,486
  • Nov 8, 2011 7:12am Nov 8, 2011 7:12am
I plan to cover at parity. j/k haha
Attached Image (click to enlarge)
Click to Enlarge Name: short.jpg Size: 121 KB
Yay! Pips for everyone!
  • #559,487
  • Nov 8, 2011 7:13am Nov 8, 2011 7:13am
short at 3831
stop loss at 3829

see what happens :-)

now i got to go do my day job.
  • #559,488
  • Nov 8, 2011 7:13am Nov 8, 2011 7:13am
Quoting fxrising
It's always a good rule of thumb to put in a price shock SL, some use 100 pips.
no way, if you use anything fixed in this market it will be very unlikely to be a consistent strategy, although i had a fixed tp and sl in my old mechanical system but that was tested for years but then it stopped working at one stage... everything is dynamic including sl and tp
When life gives you lemons, make lemonade
  • #559,489
  • Nov 8, 2011 7:14am Nov 8, 2011 7:14am
emmm I'm short @ 1.38268.

TP 1 @ 1.38

TP 2 @ 1.3773


Any comments?
  • #559,490
  • Nov 8, 2011 7:14am Nov 8, 2011 7:14am
Quoting micho
then their trade was wrong at first place... why would you open a trade when you see divergence? i got hit by some of these and had losses (-500) as well then i reversed my trade and got +300 back the second day but it doesn't happen often because i avoid them...
what divergence? it was an intervention
  • #559,491
  • Nov 8, 2011 7:14am Nov 8, 2011 7:14am
Here you go vote finished.

Wonder what spin CNBC is going to put on this one. How can we dumb down the masses even more then they already are.

We need stupid people though, I like stupid people. There's plenty of them here.
  • #559,492
  • Nov 8, 2011 7:15am Nov 8, 2011 7:15am
Quoting tankokjian
just want to say , i do not regret closing my trade . it is just statistics , i believe my methodology can make me money.
This is what I call self comforting lol

But as long as you're happy
  • #559,493
  • Nov 8, 2011 7:16am Nov 8, 2011 7:16am
who wants to do the honors of doing the 'wtf' count ?
  • #559,494
  • Nov 8, 2011 7:16am Nov 8, 2011 7:16am
Quoting jayjb
what divergence? it was an intervention
show me the charts and i tell you where
When life gives you lemons, make lemonade
  • #559,495
  • Nov 8, 2011 7:16am Nov 8, 2011 7:16am
Quoting micho
you dont need a stop loss, you just need an entry and exit strategy... stop loss is for chicken who don't know what they are doing

Amen. You'll never stop losing, until you stop using S/L.
Time turns trend. - W.D. Gann
  • #559,496
  • Nov 8, 2011 7:17am Nov 8, 2011 7:17am
Quoting cloggie
Here you go vote finished.

Wonder what spin CNBC is going to put on this one. How can we dumb down the masses even more then they already are.

We need stupid people though, I like stupid people. There's plenty of them here.
Spinning it now, its a positive, got the vote, but not a majority, so probably snap elections and a new governing coalition. So in the next few hours Mr. B will resign or the opposition will call for a no confidence vote.
Yay! Pips for everyone!
  • #559,497
  • Nov 8, 2011 7:17am Nov 8, 2011 7:17am
won budget vote. but 308 votes, doesnt have absolute majority. opposition abstaining. not exactly bad news for those that think a new pm is good news
  • #559,498
  • Nov 8, 2011 7:18am Nov 8, 2011 7:18am
looks good; just put a stop loss with a plus 1 pips just in case.

Quoting 3in1coffee
emmm I'm short @ 1.38268.

TP 1 @ 1.38

TP 2 @ 1.3773


Any comments?
  • #559,499
  • Nov 8, 2011 7:19am Nov 8, 2011 7:19am
Quoting ForExtraPips
Amen. You'll never stop losing, until you stop using S/L.
sounds logical to me...
common senseeeeeeeeeeeeeeeeeee
When life gives you lemons, make lemonade
  • #559,500
  • Nov 8, 2011 7:19am Nov 8, 2011 7:19am
voting over?

nothing happened? :o
Trade responsiblypatience is the key/Swing trader
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