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EURUSD

  • #561,321
  • Nov 12, 2011 10:30pm Nov 12, 2011 10:30pm
Morning all
If there was easy money lying around,no one would be forcing it into your
  • #561,322
  • Nov 12, 2011 10:33pm Nov 12, 2011 10:33pm
Quoting jayjb
And what's your whole account? $3? LOL
Hehe..
  • #561,323
  • Nov 13, 2011 12:19am Nov 13, 2011 12:19am
Does any one know of any forums with large trader volume for stocks similar to Forex Factory?
  • #561,324
  • Nov 13, 2011 12:27am Nov 13, 2011 12:27am
Quoting pkimnyc
It's nice to have a dream. Harsh reality check for ya. I'm sorry, but looks like you're in the wrong place for that, but gl.
WHY?

"being rude" is this a criteria to become a successful trader?
Trade responsiblypatience is the key/Swing trader
  • #561,325
  • Nov 13, 2011 12:40am Nov 13, 2011 12:40am
Quoting Purple
He ruled for 17 years.. zero legacy.. and one of the ugliest looking states-person out there after Munmar Gaddafi..
His legacy: 17 years of standing still
  • #561,326
  • Nov 13, 2011 2:10am Nov 13, 2011 2:10am
Quoting Incrediblle
WHY?

"being rude" is this a criteria to become a successful trader?
Pardon me if my post reflected as "being rude."
Never mind the previous post and keep "learning."
  • #561,327
  • Nov 13, 2011 4:37am Nov 13, 2011 4:37am
well imho trickie level right now....

watching the daily we should get a new low before crossing 386x again....but weekly suggests more up imho

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2.jpg Size: 136 KB


Whats your shot guys?
Hero calls followed by margin calls...
  • #561,328
  • Nov 13, 2011 5:36am Nov 13, 2011 5:36am
Attached Image (click to enlarge)
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Market very news driven at the moment,they can keep chucking money into it at the minute but all economic news and data coming out things dont look good and imho i think its going to get a lot worse in the future
  • #561,329
  • Nov 13, 2011 5:45am Nov 13, 2011 5:45am
Eurx Daily
Attached Image (click to enlarge)
Click to Enlarge Name: EURX Daily.png Size: 40 KB
If there was easy money lying around,no one would be forcing it into your
  • #561,330
  • Nov 13, 2011 6:19am Nov 13, 2011 6:19am
http://www.dailymail.co.uk/money/mar...5bn-euros.html
  • #561,331
  • Nov 13, 2011 7:33am Nov 13, 2011 7:33am
No matter how I look at it, it seems like it's gonna be a bearish week unless the gap on monday is to the upside.

My charts either show a downward channel on H4 or bearish divergence on H1 or falling wedge with room for downside on H4
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusdh42.JPG Size: 124 KB
Click to Enlarge Name: eurusdh1.JPG Size: 118 KB
  • #561,332
  • Nov 13, 2011 7:40am Nov 13, 2011 7:40am
Quoting jayjb
And what's your whole account? $3? LOL
is that an abuse skippie ??? donot make me come there and squeeze your pea size balls !!!!!!
  • #561,333
  • Nov 13, 2011 7:43am Nov 13, 2011 7:43am
Quoting Kiyani
I'm in a similar position, I shorted at 1.3485. I have too much at stake, so I'm willing to hold out up to 1.42 if I have to. But the decision is entirely up to you and whether your account can hold out. If 200 pips is an affordable loss, let it go otherwise make sure you have enough money to ride out the wave.
the first loss is the est loss..if the trade goes aganist you donot gamble your a/c with it . take your small loss and keep your account you'll be able to trade another day !
  • #561,334
  • Nov 13, 2011 8:31am Nov 13, 2011 8:31am
Quoting Kiyani
I'm in a similar position, I shorted at 1.3485. I have too much at stake, so I'm willing to hold out up to 1.42 if I have to. But the decision is entirely up to you and whether your account can hold out. If 200 pips is an affordable loss, let it go otherwise make sure you have enough money to ride out the wave.
put more 100 pips on stake and wait and see.

GL
Trade responsiblypatience is the key/Swing trader
  • #561,335
  • Nov 13, 2011 8:42am Nov 13, 2011 8:42am
Kiyani, I've been in your position of allowing trades to draw down pretty deep, and sweating losers is not what you want to be doing. Cut your losses when you can anticipate better entries.

Do you use RSI in your trading? I'd keep an eye on major divergences after strong moves in order to avoid chasing huge moves at tops/bottoms.

I actually think your trade may work, but your risk/reward needs work. Why not set some partial stop losses above that monster 1.3840-1.3870 area? It's going to take a ton of strength to pierce that level on this move.
Don't have an ego. Always question yourself and your ability.
  • #561,336
  • Nov 13, 2011 8:47am Nov 13, 2011 8:47am
For bears, what we'd be expecting next week is sharp drastic moves only... If we start chopping away sunday/monday/tuesday i'd look to cover some shorts. I'm in this for the strong impulse down only!
Don't have an ego. Always question yourself and your ability.
  • #561,337
  • Nov 13, 2011 8:55am Nov 13, 2011 8:55am
Quoting Kiyani
I'm in a similar position, I shorted at 1.3485. I have too much at stake, so I'm willing to hold out up to 1.42 if I have to. But the decision is entirely up to you and whether your account can hold out. If 200 pips is an affordable loss, let it go otherwise make sure you have enough money to ride out the wave.
you can't stay in a negative trade which is more than 10% of your account .

you can't say your account can hold or not , because its irresponsible and reckless way of trading if you lose 25% and more in one trade .

4 losing streak and you are zero !


and ideally you never risk more than 5% in any trade at any given time .

otherwise it gambling and not trading . and you know where the first leads to
I SEE YOU !!
  • #561,338
  • Nov 13, 2011 9:05am Nov 13, 2011 9:05am
My idea, confluence of the two trendlines would be the ideal spot to short with tight risk (25 pips) looking for those trendlines and that big resistance cluster to smack it down a few hundred pips...

With an entry of 1.3840 and 1st TP of 1.3360, R/R on this setup is around 19:1.
Attached Image (click to enlarge)
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Don't have an ego. Always question yourself and your ability.
  • #561,339
  • Nov 13, 2011 9:12am Nov 13, 2011 9:12am
Quoting dbfusion
you can't stay in a negative trade which is more than 10% of your account . Who told you this?

you can't say your account can hold or not , because its irresponsible and reckless way of trading if you lose 25% and more in one trade .
I think it's up to a trader to say if his account can hold or not, not something you can decide for someone else

4 losing streak and you are zero !
Go work on your MATH and try again


and ideally you never risk more...
See the comments in red
New voice message: Why are you calling me? If I need you, I'll call you!
  • #561,340
  • Nov 13, 2011 9:23am Nov 13, 2011 9:23am
Quoting RamsesII
My idea, confluence of the two trendlines would be the ideal spot to short with tight risk (25 pips) looking for those trendlines and that big resistance cluster to smack it down a few hundred pips...

With an entry of 1.3840 and 1st TP of 1.3360, R/R on this setup is around 19:1.
Agree with you
New voice message: Why are you calling me? If I need you, I'll call you!
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