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  • #565,681
  • Nov 24, 2011 8:28am Nov 24, 2011 8:28am
Quoting 21vs7
Covered at 42.

OK. I adapt quickly. 42 is to be decided.

A close look at DAX via monitor!
Closed on BE.
DAX sitting on support.

Dont really know what will happen next.

Eager to see.
  • #565,682
  • Nov 24, 2011 8:29am Nov 24, 2011 8:29am
For this market, at least now, I quite using stop-losses. I can't remember when the last SL was sustained. This market goes up just to go back down. Can a 300-500 pip drive up happen? I suppose anything can happen but for now, it seems that all a SL is good for is to lose money.
Taigen Profit This Month: na
  • #565,683
  • Nov 24, 2011 8:31am Nov 24, 2011 8:31am
3325 nicely played out & now waiting bo for bear continue first ( kill the cat first night & compromise latter ) towards 3297/92 to have the correction 3354 or as far it can take before further tank down .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #565,684
  • Nov 24, 2011 8:38am Nov 24, 2011 8:38am
Quoting 21vs7

Dont really know what will happen next.

Eager to see.
ough, i guess I know

Quoting 21vs7

Today we can squiizze in 200 pips more on fibre, just to make everybody happy.

Good day!
Well, DAX already busted the open. Final destination 5.327.


Not to "save" those long at 1,3435 we have to plunge at least...lets say,hm..1,3250...1.3317 again another hurdle in my book.
  • #565,685
  • Nov 24, 2011 8:39am Nov 24, 2011 8:39am
Quoting Shady313
Hi guys!

What do you think about this position? Where and what should i close?

Im trying to find the peak to close the buy position.
Or should I close the sell now? (if it was a news related things)

As you see Im a newbie, im just trying to find the best trading method.

http://d3test.atw.hu/xy.jpg

Can somebody help me?
http://d3test.atw.hu/xy.jpg


Maybe at H4 support line it will go up? Should I wait until price go up to R1?

Please, help me.
  • #565,686
  • Nov 24, 2011 8:43am Nov 24, 2011 8:43am
Quoting Shady313
Hi guys!

What do you think about this position? Where and what should i close?

Im trying to find the peak to close the buy position.
Or should I close the sell now? (if it was a news related things)

As you see Im a newbie, im just trying to find the best trading method.

http://d3test.atw.hu/xy.jpg

Can somebody help me?
http://d3test.atw.hu/xy.jpg
Wait to close buy near 3420, sell near 3230.
  • #565,687
  • Nov 24, 2011 8:45am Nov 24, 2011 8:45am
LOL yeah, i watched the press conference, and got shocked when
Sarkozy proposed to the press that they can now ask questions.

Of course Eurobonds came up, and Merkel messed it up big time
in terms of communication. It was like in a cartoon movie. Not real.

So i needed to hedge some bets, and now the hedge is making more than all the rest that tanked after Merkel..
  • #565,688
  • Nov 24, 2011 8:48am Nov 24, 2011 8:48am
Quoting Shady313
Hi guys!

What do you think about this position? Where and what should i close?

Im trying to find the peak to close the buy position.
Or should I close the sell now? (if it was a news related things)

As you see Im a newbie, im just trying to find the best trading method.

http://d3test.atw.hu/xy.jpg

Can somebody help me?
http://d3test.atw.hu/xy.jpg
dont trade like that it will blow out your account faster....
be patient, self-belief and discipline... stay focus...
  • #565,689
  • Nov 24, 2011 8:50am Nov 24, 2011 8:50am
Quoting Taigen
For this market, at least now, I quite using stop-losses. I can't remember when the last SL was sustained. This market goes up just to go back down. Can a 300-500 pip drive up happen? I suppose anything can happen but for now, it seems that all a SL is good for is to lose money.

Same here. And so far, it's working.
Time turns trend. - W.D. Gann
  • #565,690
  • Nov 24, 2011 8:50am Nov 24, 2011 8:50am
Quoting Ultimate6
Wait to close buy near 3420, sell near 3230.
Thank you. Ho do you mean? 1.33420 and 1.33230?

And If I close my sell postion for example will be my margin enough for buy?

Thanks again
  • #565,691
  • Nov 24, 2011 8:53am Nov 24, 2011 8:53am
Quoting radit27
dont trade like that it will blow out your account faster....
Yes I know
  • #565,692
  • Nov 24, 2011 8:54am Nov 24, 2011 8:54am
Quoting stinger007
Im so tempted to reopen those longs...need to wait for a good bull candle again!!
Please tell me which time frames you are using?
  • #565,693
  • Nov 24, 2011 8:57am Nov 24, 2011 8:57am
Quoting Taigen
For this market, at least now, I quite using stop-losses. I can't remember when the last SL was sustained. This market goes up just to go back down. Can a 300-500 pip drive up happen? I suppose anything can happen but for now, it seems that all a SL is good for is to lose money.
And here i was thinking thats how every margin call story starts...Silly me!
  • #565,694
  • Nov 24, 2011 9:01am Nov 24, 2011 9:01am
Quoting Shady313
Hi guys!

What do you think about this position? Where and what should i close?

Im trying to find the peak to close the buy position.
Or should I close the sell now? (if it was a news related things)

As you see Im a newbie, im just trying to find the best trading method.

http://d3test.atw.hu/xy.jpg

Can somebody help me?
http://d3test.atw.hu/xy.jpg
Hey Shady313!

It looks that you might have a margin call soon ...I would take the pain and close the long as soon as possible. (but of course it is up to you)

I think your trade size is way higher than your balance would allow. For 5000 I would go for max 0.05 and not with 4

Regards,

Listen
  • #565,695
  • Nov 24, 2011 9:01am Nov 24, 2011 9:01am
Right now I think good short positions are:

~3340
~3355
~3365

I'll short 3340 but I hope it goes up to at least 3355 so I can position again. How cool though, would it be to get in at 3365. Hopefully, I'll get all three.
Taigen Profit This Month: na
  • #565,696
  • Nov 24, 2011 9:05am Nov 24, 2011 9:05am
Quoting ThisPip
LOL yeah, i watched the press conference, and got shocked when
Sarkozy proposed to the press that they can now ask questions.

Of course Eurobonds came up, and Merkel messed it up big time
in terms of communication. It was like in a cartoon movie. Not real.

So i needed to hedge some bets, and now the hedge is making more than all the rest that tanked after Merkel..
Yep, unreal how quickly the Euro and European markets tanked as soon as Merkel opened up her mouth, but, considering this drop is merkel stupid comment related, and we're sitting at extremely oversold conditions in the euro, european and us markets, I think once the market digests her stupid comments, the technical corrective rally will continue before the euro really makes some major new lows, I still like high 1.340s next week.
Yay! Pips for everyone!
  • #565,697
  • Nov 24, 2011 9:05am Nov 24, 2011 9:05am
Quoting fontu
3325 nicely played out & now waiting bo for bear continue first ( kill the cat first night & compromise latter ) towards 3297/92 to have the correction 3354 or as far it can take before further tank down .
fontu
no direct down again & a 5th ( only 1 of 5) wave ended but mofu /extension open to be formed & carry out 5th further if price below 3345 . if above still towards 3361 again try correction that case 3297 should not stop next , when work to direct 3241.
lets see still ok for a temporary halt around 3300.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #565,698
  • Nov 24, 2011 9:06am Nov 24, 2011 9:06am
Quoting Taigen
Right now I think a good short positions are:

~3340
~3355
~3365

I'll short 3340 but I hope it goes up to at least 3355 so I can position again. How cool though, would it be to get in at 3365. Hopefully, I'll get all three.
Of course! Always nice to add to losing positions, right? Instead of thinking how much ure going to win if all 3 of ur positions get filled think about how much ure gonna lose if they all get filled and price goes against u. Adding to losing positions and not using SL...man ure going places.
  • #565,699
  • Nov 24, 2011 9:14am Nov 24, 2011 9:14am
Why has E/U dropped like 50+ pips? b/c Angela Merkel said she doesn't believe in joint Eurobonds? Is this another news-driven whipshaw?

Did anybody get any pips?
Make your losses in demo. Earn your profits live.
  • #565,700
  • Nov 24, 2011 9:18am Nov 24, 2011 9:18am
Quoting Forexia
Why has E/U dropped like 50+ pips? b/c Angela Merkel said she doesn't believe in joint Eurobonds? Is this another news-driven whipshaw?

Did anybody get any pips?
I did lost 17 pips from this fall

but I am up on other pair
Trade responsiblypatience is the key/Swing trader
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