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EURUSD

  • #575,161
  • Dec 15, 2011 3:42am Dec 15, 2011 3:42am
Quoting kibescorp
I keep trying to figure out when to double my lot size, but then I refrain from pulling the trigger ...

... probably because doing so would pull down my entry price halfway. A strong enough retracement, and I could get stopped out.
I assume you wish to add to a green trade
Could try this rr 1/3 tp 30pip sl 10pip
enter pa goes your way pb 1/2 when +15 =7pip
move sl -7 is free tade no risk tp 30 if achieve 7green pip no risk, is good trade
once original trade is free trade, can look for another entry, if pa has been falling like it has for this "month" you can end up with multiple partial entries with minimal risk, risk would only be on your last entry.
Can also off set banked pips, to cover sl, eg
PB 20 pips
Next entry can have sl -10 pips, banked pips reduce to +10 is free trade
Can mix and match to suit trade plan, aim is to mimise risk, everytrade entry stands on its own feet, try leave runner runners (partial entries)
Is worth though, might help might not
If you are new to Forex? Say Goodbye to your account!!
  • #575,162
  • Dec 15, 2011 3:42am Dec 15, 2011 3:42am
Here's the damn paradox in trading:

You want to enter in at a good price, but you also want to wait until the price starts moving in your desired direction.

The problem is, HINDSIGHT is what brings everything into focus. You won't know in what direction the market is going to move until AFTER it happens.

You can look at the chart right now and say that you WISH you had sold more about an hour ago, BEFORE the price dropped a whole bunch.

Too bad you don't have a damn time machine.
  • #575,163
  • Dec 15, 2011 3:44am Dec 15, 2011 3:44am
I've pencilled in a reasonable target of 2880
  • #575,164
  • Dec 15, 2011 3:44am Dec 15, 2011 3:44am
Quoting Ultimate6
I'm more than 50% certain.
Trade What You See Not What You Want To See
  • #575,165
  • Dec 15, 2011 3:44am Dec 15, 2011 3:44am
Quoting cink
People who buying stock are selling eur to usd??? Jezus man how long are you in the market?
Ok mate. I'm the easy going type and I run away at the slightest sign of an argument or quarrel. I'm just gonna explain this the last time. I posted that, because someone cared to ask me why I reversed my longs to shorts. I don't post my reasons except someone cares to ask.

1. A currency pair consists two currencies.
2. This case study is the EUR/USD(fiber).
3. For the fiber to rally, the euro needs to be bought and bucks(dollar) sold.
4. For the fiber to tank, the euro needs to be sold and the bucks bought.
5. For stocks to be bought in the US, you buy them with the dollar. If you're buying the stock with the dollar, it means demand for the stock and supply for the dollar.
6. For stocks to be bought in europe, you buy them with the EURO. It means demand for the stock and supply for the EURO.
7. For stocks to rise in a country, it means the economy needs to be good.
8. This morning, the german and french pmi rose than expected.
9. It means the european manufacturing industry is expanding.
10. Investors buy the stocks creating a demand in the stock.
11. BTW, they're not buying the stock with stones, I'm sure by now you should know what they're buying with.
12. Please pull up your charts now and tell me where the EUR/USD is trading now compared to when I reversed my longs.
13. Lastly, please don't ask me how long I've been trading. I consider it rude to my personality.

I apologize if you don't agree, but please, whenever you come across my post you don't agree with, kindly ask me for an insight or kindly move on.

Thanks.
Don't just beat the markets, leave bruises.
  • #575,166
  • Dec 15, 2011 3:44am Dec 15, 2011 3:44am
Quoting KiwiTrada
I assume you wish to add to a green trade
Could try this rr 1/3 tp 30pip sl 10pip
enter pa goes your way pb 1/2 when +15 =7pip
move sl -7 is free tade no risk tp 30 if achieve 7green pip no risk, is good trade
once original trade is free trade, can look for another entry, if pa has been falling like it has for this "month" you can end up with multiple partial entries with minimal risk, risk would only be on your last entry.
Can also off set banked pips, to cover sl, eg
PB 20 pips
Next entry can have sl -10 pips, banked pips reduce to +10 is free...
Thanks for the explanation, but I can't follow any of it ...
  • #575,167
  • Dec 15, 2011 3:46am Dec 15, 2011 3:46am
Quoting Pipbumper
Scalped a bit around, but I got surprised by the top at .35, tought it would go to test 1.3050. Got kicked out twice at be.

Maybe my bias is wrong, but I entered long at 1.2980 with a 20 pip sl. Some longerterm upwards move, but small sl proofs that I'm not very sure
Out, I will stop for today. Good luck with your trades !
  • #575,168
  • Dec 15, 2011 3:47am Dec 15, 2011 3:47am
Yesterday low 44
S1 28
Trade What You See Not What You Want To See
  • #575,169
  • Dec 15, 2011 3:49am Dec 15, 2011 3:49am
Quoting kibescorp
Pips yes ... but it hasn't translated into much $$$ and won't until the price goes down far enough so that I can safely double my position size!
Good mate. But I really don't double down or up. I scale out. And considering uncle draghi is a show stopper, I wouldn't want to overstay my welcome. 29294 might be it for me though.
Don't just beat the markets, leave bruises.
  • #575,170
  • Dec 15, 2011 3:49am Dec 15, 2011 3:49am
Quoting pipsallday
Yesterday low 44
S1 28
and news in 10 mins
Mohan
  • #575,171
  • Dec 15, 2011 3:51am Dec 15, 2011 3:51am
wow good tutorial, i save it in one of my template and read them when i am free...


Quoting Motion
Ok mate. I'm the easy going type and I run away at the slightest sign of an argument or quarrel. I'm just gonna explain this the last time. I posted that, because someone cared to ask me why I reversed my longs to shorts. I don't post my reasons except someone cares to ask.

1. A currency pair consists two currencies.
2. This case study is the EUR/USD(fiber).
3. For the fiber to rally, the euro needs to be bought and bucks(dollar) sold.
4. For the fiber to tank, the euro needs to be sold and the bucks bought.
5. For stocks to be bought in the US,...
  • #575,172
  • Dec 15, 2011 3:55am Dec 15, 2011 3:55am
Quoting Ultimate6
and pop goes the weasel.
Becareful this little pop is corelated to eu plop, caution, grab a few if you got em and wait see if things continue to plop pop lol
Attached Image (click to enlarge)
Click to Enlarge Name: Swissy 1hr 15 12 2011.png Size: 34 KB
If you are new to Forex? Say Goodbye to your account!!
  • #575,173
  • Dec 15, 2011 3:56am Dec 15, 2011 3:56am
Quoting Motion
Ok mate. I'm the easy going type and I run away at the slightest sign of an argument or quarrel. I'm just gonna explain this the last time. I posted that, because someone cared to ask me why I reversed my longs to shorts. I don't post my reasons except someone cares to ask.

1. A currency pair consists two currencies.
2. This case study is the EUR/USD(fiber).
3. For the fiber to rally, the euro needs to be bought and bucks(dollar) sold.
4. For the fiber to tank, the euro needs to be sold and the bucks bought.
5. For stocks to be bought in...
Just reply for two of your biggest mistakes:

1) Manufacturing is still going down (just slightly less then expected)
2) After anouncemet stock market went down and so goes the euro (as in 80+% cases)

Get your fact straight man, you will not survive forex for long othervise...Trust me
  • #575,174
  • Dec 15, 2011 3:57am Dec 15, 2011 3:57am
Quoting kibescorp
Thanks for the explanation, but I can't follow any of it ...
sorry I crap typer, it does work and is basis of my trade plan
If you are new to Forex? Say Goodbye to your account!!
  • #575,175
  • Dec 15, 2011 4:00am Dec 15, 2011 4:00am
Quoting KiwiTrada
Becareful this little pop is corelated to eu plop, caution, grab a few if you got em and wait see if things continue to plop pop lol
I have this atm. If break, not good.

Hm, more concerned about EURCHF myself...Not looking to hold it strong there.
Attached Image (click to enlarge)
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  • #575,176
  • Dec 15, 2011 4:08am Dec 15, 2011 4:08am
Quoting cink
Just reply for two of your biggest mistakes:

1) Manufacturing is still going down (just slightly less then expected)
2) After anouncemet stock market went down and so goes the euro (as in 80+% cases)

Get your fact straight man, you will not survive forex for long othervise...Trust me
Please, the european stock market is not down and manufacturing is up and flash services. Look at the FF calendar. Below is the picture. Is anyone watching bloomberg in the house??? Please help him out. If you still don't agree, fine. I accept your logic. Thanks mate. I'll get my fact straight. I will try to survive forex uncle. Thanks. Ok, so you're happy now and the story has a happy ending. Thanks for watching out for me.
Attached Image
Don't just beat the markets, leave bruises.
  • #575,177
  • Dec 15, 2011 4:12am Dec 15, 2011 4:12am
Quoting 21vs7
I have this atm. If break, not good.

Hm, more concerned about EURCHF myself...Not looking to hold it strong there.
This break here could be scary! fooking Swiss again. And the scary part is, that this run down confirms my EURUSD fall in large scale there. Could be seeing 1,26 on fiber. Which could easily mean 1,2160 on this baby. At least.

If on 1,2290 is a hard selling pressure we can have another 100 drop easily. The fookers again testing SNB there.
Attached Image (click to enlarge)
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  • #575,178
  • Dec 15, 2011 4:12am Dec 15, 2011 4:12am
Quoting Motion
Please, the european stock market is not down. Below is the picture. Is anyone watching bloomberg in the house??? Please help him out. If you still don't agree, fine. I accept your logic. Thanks mate. I'll get my fact straight. I will try to survive forex uncle. Thanks. Ok, so you're happy now and the story has a happy ending. Thanks for watching out for me.

1) bellow 50 means conctraction man...

2) Huh, are you really that ignorant or you are playing games here? Put today charts of dax and e/u together.... And look after anouncement time...(really some people...)
  • #575,179
  • Dec 15, 2011 4:13am Dec 15, 2011 4:13am
Made a slight investment...trade took a lot longer than expected...+5 long entry@4:55est exit@5:11est
  • #575,180
  • Dec 15, 2011 4:16am Dec 15, 2011 4:16am
holding below daily open - good.
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