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EURUSD

  • #568,741
  • Dec 1, 2011 10:20am Dec 1, 2011 10:20am
Quoting FXMastermind
Closing the shop with 258 greens today, have things to do.

...not really keen to trade Fridays usually so I might skip tomorrow but you guys have fun...

Cheers
Meh, what the heck, I didnīt resist that...

Letīs make it 273, shall we...?

For fib lovers, try to put your fibs there, exactly to the pip 38.2 retracement...
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Quant Hedge Fund CEO
  • #568,742
  • Dec 1, 2011 10:34am Dec 1, 2011 10:34am
Quoting FXMastermind
Meh, what the heck, I didnīt resist that...

Letīs make it 273, shall we...?

For fib lovers, try to put your fibs there, exactly to the pip 38.2 retracement...
How did that long work out? I decided to wait and short for +5...No sense in not trading with color
  • #568,743
  • Dec 1, 2011 10:35am Dec 1, 2011 10:35am
Quoting theIEguy9_09
How did that long work out? I decided to wait and short for +5...No sense in not trading with color
273-258, you do the maths
Quant Hedge Fund CEO
  • #568,744
  • Dec 1, 2011 10:42am Dec 1, 2011 10:42am
If anybody went long eur....you clearly were not watching usdchf because its long
  • #568,745
  • Dec 1, 2011 10:46am Dec 1, 2011 10:46am
Quoting theIEguy9_09
If anybody went long eur....you clearly were not watching usdchf because its long
The reason is because of this piece of news...

Swiss government said it may consider additional measures including negative interest rates to support the country's central bank in its fight against the appreciation of CHF
  • #568,746
  • Dec 1, 2011 10:48am Dec 1, 2011 10:48am
Quoting theIEguy9_09
If anybody went long eur....you clearly were not watching usdchf because its long
a bit difficult now, usdchf has some effect, but not to say more then the average NFP. So concluding long/short on this is a bit short tracked.

Like I said before, 1.3450 could mean some support and a drift up towards NFP is possible. But more important, to my opinion this pair is going nowhere, so scalpers paradise
  • #568,747
  • Dec 1, 2011 10:54am Dec 1, 2011 10:54am
Quoting 3in1coffee
The reason is because of this piece of news...

Swiss government said it may consider additional measures including negative interest rates to support the country's central bank in its fight against the appreciation of CHF
Nice to have a reason why I went short...@The top of the hour decisions must be made..
  • #568,748
  • Dec 1, 2011 10:55am Dec 1, 2011 10:55am
WOW!
What a spike!
Mama told me "Son, never-never-never use stop-losses!"
Oh, mommy, you was SO right!
  • #568,749
  • Dec 1, 2011 11:01am Dec 1, 2011 11:01am
Quoting DragonEye
WOW!
What a spike!
Mama told me "Son, never-never-never use stop-losses!"
Oh, mommy, you was SO right!
short squeeze perhaps, london traders taking profits
  • #568,750
  • Dec 1, 2011 11:07am Dec 1, 2011 11:07am
a spike can be explained by cable hitting and bouncing off pivot(1.5670), +20 so far, put to be
  • #568,751
  • Dec 1, 2011 11:29am Dec 1, 2011 11:29am
Quoting DragonEye
WOW!
What a spike!
Mama told me "Son, never-never-never use stop-losses!"
Oh, mommy, you was SO right!
Is your mother a forex expert?
  • #568,752
  • Dec 1, 2011 11:31am Dec 1, 2011 11:31am
I will plan to go long 15 min before NFP release tomorrow. Target 50 Pips. Very risky here! I use medium lot size for this one.
  • #568,753
  • Dec 1, 2011 11:39am Dec 1, 2011 11:39am
Quoting DeafPipster
I will plan to go long 15 min before NFP release tomorrow. Target 50 Pips. Very risky here! I use medium lot size for this one.
nice

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  • #568,754
  • Dec 1, 2011 11:49am Dec 1, 2011 11:49am
Quoting DeafPipster
I will plan to go long 15 min before NFP release tomorrow. Target 50 Pips. Very risky here! I use medium lot size for this one.
I plan to place 700 dollars on RED at the Roulette table in Atlantic City, 5 minutes prior to NFP release tomorrow, Target is 700 dollars and stop is 700 dollars, my R:R is 1:1 and I win 60% of the time obviously!
  • #568,755
  • Dec 1, 2011 11:50am Dec 1, 2011 11:50am
Quoting DragonEye
WOW!
What a spike!
Mama told me "Son, never-never-never use stop-losses!"
Oh, mommy, you was SO right!
I heard some professional traders who aim to 1000+ or even 3000+ pips never usde stop-losses, however, they trade super long term and based on monthly, weekly chart. The minimum time frame they use is dayly chart and they will cut their loss when the daily/weekly chart closed above/below some levels. But for a day trader, i dont think never use stop loss is a good idea. You may survive in a few trades but you will die once the time comes.
  • #568,756
  • Dec 1, 2011 11:51am Dec 1, 2011 11:51am
Quoting DeafPipster
I will plan to go long 15 min before NFP release tomorrow. Target 50 Pips. Very risky here! I use medium lot size for this one.
sometimes I do something like that, I put 2 opposite trades before the release with the same number of pips in stop. But that's gambling right there, you might want to think twice.
  • #568,757
  • Dec 1, 2011 11:53am Dec 1, 2011 11:53am
I find it annoying to try to short after a major spike........then a follow up spike smacks you.
  • #568,758
  • Dec 1, 2011 12:14pm Dec 1, 2011 12:14pm
Quoting Yuchen
I heard some professional traders who aim to 1000+ or even 3000+ pips never usde stop-losses, however, they trade super long term and based on monthly, weekly chart. The minimum time frame they use is dayly chart and they will cut their loss when the daily/weekly chart closed above/below some levels. But for a day trader, i dont think never use stop loss is a good idea. You may survive in a few trades but you will die once the time comes.
They are so clever that they only use SP and TL (Stop Profit and Take Loss).
The Thief of Wall Street
  • #568,759
  • Dec 1, 2011 12:23pm Dec 1, 2011 12:23pm
Quoting Chicky
They are so clever that they only use SP and TL (Stop Profit and Take Loss).
Those are the myth ones.
"I know one thing, that I know nothing." Sokrates
  • #568,760
  • Dec 1, 2011 12:24pm Dec 1, 2011 12:24pm
Quoting Chicky
They are so clever that they only use SP and TL (Stop Profit and Take Loss).
Hi Chicky,

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