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  • #566,521
  • Nov 27, 2011 7:15pm Nov 27, 2011 7:15pm
Quoting sidhujag
careful longs this still may be a pump n dump shorts are in control.

i have just shorted...@ 13316
  • #566,522
  • Nov 27, 2011 7:18pm Nov 27, 2011 7:18pm
i have closed half of my short immediately.....me thinks it is heading up for a while albeit a short while. will enter the other half at the next down turn..
  • #566,523
  • Nov 27, 2011 7:19pm Nov 27, 2011 7:19pm
Quoting whatfx
you should have taken the 30 pips and ran ! if you are so nervous.

remember, you would have had plenty of oppurtunities to make pips to morrow....so you should have taken the 30 pips as a bonus.
i wanna get..more than 50 pips...cos i think my sl was 20 and pt of 25 isn't a fair deal.... plus i haven't had any single winning trade of more than 15 pips in weeks......
  • #566,524
  • Nov 27, 2011 7:25pm Nov 27, 2011 7:25pm
Quoting JumpJack
Mario, where did you get this bit???

Merkel and Sarkozy will anounce some kind of effort to rescue euro.

thnx Jack
http://www.reuters.com/article/2011/...7AQ00F20111127

im very stick to the news now as any announcment can make a huge move either way. I have hedge position from 37 and 36 and need to find nice 1 figure move to get my crap at be.

cheers, need some sleep before london
  • #566,525
  • Nov 27, 2011 7:25pm Nov 27, 2011 7:25pm
what is the point of doing that? leaving money on the table? you're better off just moving your SL to book in profits...

go work it out, you'll end up better off using a SL rather than doing this newbie method of taking off half a position or what ever, it makes absolutely no sense to do it like that.

Quoting whatfx
i have closed half of my short immediately.....me thinks it is heading up for a while albeit a short while. will enter the other half at the next down turn..
  • #566,526
  • Nov 27, 2011 7:27pm Nov 27, 2011 7:27pm
I dont think so, unless he's using some kind of IP stealther

Quoting sonicpunk32
Well he's back as Pip and Run.
  • #566,527
  • Nov 27, 2011 7:27pm Nov 27, 2011 7:27pm
The more it goes up, the more people will sell since gap must be close. Just need to make sure you have proper risk reward money management and your account is able to sustain if it goes up.
Trade what you see. Write what you feel
  • #566,528
  • Nov 27, 2011 7:30pm Nov 27, 2011 7:30pm
Quoting whatfx
i have just shorted...@ 13316
gOOD position but it may not be capped here...just below 3400 may be it.
  • #566,529
  • Nov 27, 2011 7:33pm Nov 27, 2011 7:33pm
guess it's time for correction. i think we might see more upside before any downside move. currently heavily long on fiber and short on swissy. will decide the target later and this is a counter trend trade which is highly risky trade.
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  • #566,530
  • Nov 27, 2011 7:33pm Nov 27, 2011 7:33pm
Quoting Purple
Haha thats a funny name..
sure is!

Quoting SystemFX2011
I dont think so, unless he's using some kind of IP stealther
It's very easy to get a new IP.
  • #566,531
  • Nov 27, 2011 7:34pm Nov 27, 2011 7:34pm
Quoting A-speculator
guess it's time for correction. i think we might see more upside before any downside move. currently heavily long on fiber and short on swissy. will decide the target later and this is a counter trend trade which is highly risky trade.
whats ur target
  • #566,532
  • Nov 27, 2011 7:36pm Nov 27, 2011 7:36pm
Quoting sidhujag
whats ur target
i will decide later for the target. Probably i have to close this manually once i see reversal in 1h or 4h.. atm just ride the momentum..
  • #566,533
  • Nov 27, 2011 7:37pm Nov 27, 2011 7:37pm
tell me something i dont know

hidemyass.com

Quoting sonicpunk32
It's very easy to get a new IP.
  • #566,534
  • Nov 27, 2011 7:38pm Nov 27, 2011 7:38pm
Quoting e_piz
The more it goes up, the more people will sell since gap must be close. Just need to make sure you have proper risk reward money management and your account is able to sustain if it goes up.

Look, the gap will probably close, but it isn't because the gap is there. There is no rule saying that a gap must close, it's just a likely outcome due to the oscillating nature of currency pairs that at some point the gap will be covered.

Don't think that there are bankers somewhere shouting "Men! Man the terminals, we MUST close that gap!". There is no logic to it, in fact, those banks don't even see a gap, only retailers and retailers sure as hell don't move the markets.
"Don't Panic..."
  • #566,535
  • Nov 27, 2011 7:40pm Nov 27, 2011 7:40pm
Current Baised

Scalp : Short 10-15pips
Intra : Long
Long Term : Bearish
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  • #566,536
  • Nov 27, 2011 7:42pm Nov 27, 2011 7:42pm
Quoting A-speculator
i will decide later for the target. Probably i have to close this manually once i see reversal in 1h or 4h.. atm just ride the momentum..
if you look at daily, the first probable resistance is at about 3400 area - 23% fibo and second is at about 3600 area which is the 38% fibo. Just watch the PA at that level/ towards that level. if you see any exhausted pattern, better bank in first the profits. That's my 2 pips.
  • #566,537
  • Nov 27, 2011 7:50pm Nov 27, 2011 7:50pm
Quoting mario83
Nicely done KIWI. I was waiting for 3150 to go long and didnt expect a bounce during the weekend. Just made some quick news homework and rumors says that very shortly Merkel and Sarkozy will anounce some kind of effort to rescue euro. It might be short term relief for euro but it would be very nice if we touched 3150 on daily. Any thoughts for trades on bigger tf?

Mysef closed short from 3318 to 3292 but now i see that i could hold it for few more pips.

Anyways, GL everybody
We still prepared to defend WPP 3333 small tf, if can get close enough to wpp, place sl above 2/1 or 3/1 rr 1st pending was 3323
Daily Weekly is 2nd attempt to break ltl of descending channel, last week it pierce, but this "gap" has pushed back into channel, so is at critical levels, we waiting, and will sell if pa can get back throught ltl of daily channel, will short
Scalping for now until higher tf show dominance swissy is our trigger again today
If you are new to Forex? Say Goodbye to your account!!
  • #566,538
  • Nov 27, 2011 7:51pm Nov 27, 2011 7:51pm
Quoting Halifax
Look, the gap will probably close, but it isn't because the gap is there. There is no rule saying that a gap must close, it's just a likely outcome due to the oscillating nature of currency pairs that at some point the gap will be covered.

Don't think that there are bankers somewhere shouting "Men! Man the terminals, we MUST close that gap!". There is no logic to it, in fact, those banks don't even see a gap, only retailers and retailers sure as hell don't move the markets.
Im not the bank, I trade based on what I see, show me 1 scenario in your chart that gap does not close.

You can go Long as I dont care, what matters to me in my trade and my account, Im sharing my thought not a textbook definition.

Good Luck All.
Trade what you see. Write what you feel
  • #566,539
  • Nov 27, 2011 7:52pm Nov 27, 2011 7:52pm
Quoting Halifax
Look, the gap will probably close, but it isn't because the gap is there. There is no rule saying that a gap must close, it's just a likely outcome due to the oscillating nature of currency pairs that at some point the gap will be covered.

Don't think that there are bankers somewhere shouting "Men! Man the terminals, we MUST close that gap!". There is no logic to it, in fact, those banks don't even see a gap, only retailers and retailers sure as hell don't move the markets.

yup... u are right but .... doesn't that means the gap will finally closed? We have plenty of proof that the gap situation sooner or later will close .... which is for me still based on market "rules".
  • #566,540
  • Nov 27, 2011 7:58pm Nov 27, 2011 7:58pm
Attached is my resistance based on fibo level. Hopefully we can retrace up to the 38% fibo level by this week which will be healthy for the downtrend move.. Only time will tell..
Attached Image (click to enlarge)
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