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  • #562,621
  • Nov 16, 2011 6:44am Nov 16, 2011 6:44am
cloogie closes and we fall 20. I was thinking of 15 to cover also, still think we could manage more there. But I could reload lower again. Again my greed exposure calling.

"Still, Ill try to add at 92-86 if I get this."

Caution! Italy rising!
  • #562,622
  • Nov 16, 2011 6:45am Nov 16, 2011 6:45am
Quoting cloggie
Maybe these 10 pips were the right color for you? Nah? Ah well, you keep on gambling, while I take an easy 50 pips here in one go. You know kid, there's a time to scalp and then there is a time just to let them run. Scalping for 5 pips when the cost of your trade is around 6 pips is not a strategy that is gng to give you longevity in this business.

iam long term trend trader. usually on the 4 hr or daily charts.

i dont scalp usually. only time i scalp is if iam waiting for a trade signal which is not appearing. to kill time ! but aiming for around 4-7 pips usually works for me. iam in and out without sweat.

and usually i make pips, like i have done today. this is a trading method i developed a couple of months ago, and have consisently made profit using it, scalping the eu and gu. i never used to scalp before. gives me a headache. but i decided to tame the beast and came up with a trading method that is pretty good, with less headaches.

but still scalping is not my thing.

i do have a short position open on eu since past 7 days. in between i try and take mid term longs, which is what iam waiting for at the moment. (so now you know why i dont take shorts, as i already have a short position open).

btw, got my 5 pips on the the short scalp from earlier !

done for now....
  • #562,623
  • Nov 16, 2011 6:48am Nov 16, 2011 6:48am
im netural...no sign better dont do anything rather lose much...:nerd:
be patient, self-belief and discipline... stay focus...
  • #562,624
  • Nov 16, 2011 6:51am Nov 16, 2011 6:51am
Quoting 21vs7
cloogie closes and we fall 20. I was thinking of 15 to cover also, still think we could manage more there. But I could reload lower again. Again my greed exposure calling.

"Still, Ill try to add at 92-86 if I get this."

Caution! Italy rising!
Personally im not covering jack yet and also i got a really bad entry. Why did u guys cover?
  • #562,625
  • Nov 16, 2011 6:51am Nov 16, 2011 6:51am
so which is which , moving up or down.
  • #562,626
  • Nov 16, 2011 6:53am Nov 16, 2011 6:53am
Quoting whatfx
iam long term trend trader. usually on the 4 hr or daily charts.

i dont scalp usually. only time i scalp is if iam waiting for a trade signal which is not appearing. to kill time ! but aiming for around 4-7 pips usually works for me. iam in and out without sweat.

and usually i make pips, like i have done today. this is a trading method i developed a couple of months ago, and have consisently made profit using it, scalping the eu and gu. i never used to scalp before. gives me a headache. but i decided to tame the beast and came up with a trading...

Thanks for taking the time posting that answer. I agree with just about all in your post. I only scalp when the range calls for it, I tend to still aim for 20-30 pips though, I would never entertain risking any of my capital or go through the expense for a measly return of 7 pips. As long as you have done your research, and it seems like you did, and have found something that works for you, don't let me stand in your way.

At least you have gone through the trouble of finding different strategies for different markets, well done.
  • #562,627
  • Nov 16, 2011 6:54am Nov 16, 2011 6:54am
Quoting Alexone
Why did u guys cover?

What, the price dropping almost 30 pips from where we did not reason enough for you??????? Never give back profit when there is little to no chance of it continuing. Giving back 30 out of my hard earned 50 is not something I like to do.
  • #562,628
  • Nov 16, 2011 6:55am Nov 16, 2011 6:55am
a rare retracement within a retracement

Quoting 21vs7
....
It retraced lovely to 1,3456 level today.

Dont really know where to close this baby. Still, all on BE and Ill put this one go. We could be seeing 1,3610 or maybe even 1,3730.
  • #562,629
  • Nov 16, 2011 6:55am Nov 16, 2011 6:55am
Quoting cloggie
Time for a bit of food for thought here. The landscape is slowly shifting here. We all know who the really big boys are in this business, I have only been going on about them for weeks here.

They are changing the playing field, they are always chasing the tiniest returns ever since interest rates have dropped to zero, those returns were safe in one particular 10 year here in the EU as a slightly higher return was to be had then across the pond, that advantage has now eroded in the last few weeks and I for one would surely see Pimco and the likes...
you are a muppet talking to urself...blah blah...
  • #562,630
  • Nov 16, 2011 6:57am Nov 16, 2011 6:57am
Quoting torontobboy2
you are a muppet talking to urself...blah blah...

I knew it would go way over your head, there is no indy with a whistle and an arrow to explain it to you.
  • #562,631
  • Nov 16, 2011 6:58am Nov 16, 2011 6:58am
Quoting tankokjian
so which is which , moving up or down.
im afraid what i said earlier bonucing between 1.35 and 1.34 area...that in my mind...sclper is best im neutral
be patient, self-belief and discipline... stay focus...
  • #562,632
  • Nov 16, 2011 7:00am Nov 16, 2011 7:00am
One thing I do know is even if cloggie was talking to himself I would listen, especially if he is talking to himself
Quoting torontobboy2
you are a muppet talking to urself...blah blah...
It's easy to be humbled but hard to be humble.
  • #562,633
  • Nov 16, 2011 7:04am Nov 16, 2011 7:04am
Quoting torontobboy2
you are a muppet talking to urself...blah blah...
its unfortunate that you don't understand what cloggie said. your post shows your ignorance.
  • #562,634
  • Nov 16, 2011 7:04am Nov 16, 2011 7:04am
Quoting cloggie
What, the price dropping almost 30 pips from where we did not reason enough for you??????? Never give back profit when there is little to no chance of it continuing. Giving back 30 out of my hard earned 50 is not something I like to do.
50 pips in 25 mins hard earned huh? So what is easy pips to you? But anyway if thats the style ur accustomed with who am i to argue. Maybe ill exit now as well. But ill risk couple more pips because like i said, i got a shit entry at 865. Edit: i got BE eventually.
  • #562,635
  • Nov 16, 2011 7:05am Nov 16, 2011 7:05am
Quoting cloggie
I knew it would go way over your head, there is no indy with a whistle and an arrow to explain it to you.
why did u stop spitting out your stupidity...continue typing and enjoy your lonely self you muppet.
  • #562,636
  • Nov 16, 2011 7:07am Nov 16, 2011 7:07am
Quoting Derwood
its unfortunate that you don't understand what cloggie said. your post shows your ignorance.
you are another muppet here making 1 pip a week..
  • #562,637
  • Nov 16, 2011 7:08am Nov 16, 2011 7:08am
Quoting Derwood
its unfortunate that you don't understand what cloggie said. your post shows your ignorance.

His mummy will put him back on his meds in the next few days or so and all will be well again for a few weeks, just ignore him. I gave up feeling sorry for them, they really can't be helped, it is genetic. Some would call them retards, but giving them a name just acknowledges them and that exasperates the issue they are facing in life only further. You can pity them by all means, but they are really best left alone till they are back in their padded rooms again.
  • #562,638
  • Nov 16, 2011 7:09am Nov 16, 2011 7:09am
Quoting fxrising
One thing I do know is even if cloggie was talking to himself I would listen, especially if he is talking to himself
you surely would because you lonely, unemployed, have no girlfriend, and need another lonely person to accompany you....you are third muppet...

...and counting...
  • #562,639
  • Nov 16, 2011 7:11am Nov 16, 2011 7:11am
Quoting cloggie
His mummy will put him back on his meds in the next few days or so and all will be well again for a few weeks, just ignore him. I gave up feeling sorry for them, they really can't be helped, it is genetic.
this cloggie muppet is emotionally devastated..... i made him cry and now he is advicing his 1 pip followers to ignore the person who made him cry..

poor kid...
  • #562,640
  • Nov 16, 2011 7:11am Nov 16, 2011 7:11am
Quoting Alexone
50 pips in 25 mins hard earned huh? So what is easy pips to you? But anyway if thats the style ur accustomed with who am i to argue. Maybe ill exit now as well. But ill risk couple more pips because like i said, i got a shit entry at 865. Edit: i got BE eventually.
Easy pips were this morning after frankfurt open, nice pin for long on 10 min tf,set stop, double,triple your tp, and thats it
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