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  • #575,781
  • Dec 16, 2011 6:39am Dec 16, 2011 6:39am
Quoting Cecil Gee
S/L MOVED TO B/E... also taken 1/3 of for dinner money
Cut your profits short....wait for retrace then decide to move back in after that
  • #575,782
  • Dec 16, 2011 6:41am Dec 16, 2011 6:41am
Quoting Cecil Gee
S/L MOVED TO B/E... also taken 1/3 of for dinner money
possible stop above 85 let see, if it can take it easy 1.31
Mohan
  • #575,783
  • Dec 16, 2011 6:41am Dec 16, 2011 6:41am
Heading 1.3110?
  • #575,784
  • Dec 16, 2011 6:43am Dec 16, 2011 6:43am
Hey MaxDoom, are you still in those shorts?
  • #575,785
  • Dec 16, 2011 6:43am Dec 16, 2011 6:43am
another charts like the nzd/usd made me confident that this is not a 5 pip bushfire

http://web90.server2.kingstaff-serve...834eurusd1.jpg
  • #575,786
  • Dec 16, 2011 6:45am Dec 16, 2011 6:45am
Quoting theIEguy9_09
Cut your profits short....wait for retrace then decide to move back in after that
what is happening in the markets does anyone have a clue?
Forex will make you loose but you will stay gambling
  • #575,787
  • Dec 16, 2011 6:45am Dec 16, 2011 6:45am
Quoting E-Money
Hey MaxDoom, are you still in those shorts?
  • #575,788
  • Dec 16, 2011 6:46am Dec 16, 2011 6:46am
Quoting Jawadnimri
what is happening in the markets does anyone have a clue?
Supply and Demand @its finest
  • #575,789
  • Dec 16, 2011 6:46am Dec 16, 2011 6:46am
Quoting 21vs7
OK, little piggies in place!

Now lets drown her under 16

Daamn, came back from lunch...all piggies died there!

Wheres my mouneey!!?!? Wheeres my mouneeey!!! (Stewie beating the Dog in Family guy scene!)


Bulls pulling someones leg there?

Khm!
  • #575,790
  • Dec 16, 2011 6:46am Dec 16, 2011 6:46am
Quoting Jawadnimri
what is happening in the markets does anyone have a clue?
going as expected , news helped

Quoting mohan76
low liquidity , profit taking might start after London lunch, if it manage to take stops it can touch 1.31.

S&p 500 looks have clear rejectction @ 1214 and if we have green news from usa it can fly.
if i am not mistaken holiday start from today most of the trader will close there short before going holiday.

* just my view
Mohan
  • #575,791
  • Dec 16, 2011 6:46am Dec 16, 2011 6:46am
Quoting E-Money
Hey MaxDoom, are you still in those shorts?

no I use an algo to build up the position without taking extra risk, so the top two were largest. so on the retreat I was able to get out of most for a small profit and I hedge the others, just took the hedge off so technically short again now
  • #575,792
  • Dec 16, 2011 6:47am Dec 16, 2011 6:47am
very unsportsmanlike move.
  • #575,793
  • Dec 16, 2011 6:50am Dec 16, 2011 6:50am
Quoting MaxDoom
no I use an algo to build up the position without taking extra risk, so the top two were largest. so on the retreat I was able to get out of most for a small profit and I hedge the others, just took the hedge off so technically short again now
Its one thing to trend trade and its another thing to short against bullish momentum. This aint stopping here. Told u there were more bulls in the market.
  • #575,794
  • Dec 16, 2011 6:51am Dec 16, 2011 6:51am
Quoting Alexone
Its one thing to trend trade and its another thing to short against bullish momentum. This aint stopping here. Told u there were more bulls in the market.

don't be a smart arse at the time I was short there was no bullish momentum it was stale in a channel.

I didn't see you posting any trades before the event
  • #575,795
  • Dec 16, 2011 6:54am Dec 16, 2011 6:54am
Quoting MaxDoom
don't be a smart arse at the time I was short there was no bullish momentum it was stale in a channel.

I didn't see you posting any trades before the event
I dont need to prove anything to u. If u believe me when i say i caught 50 pips on this, fine, otherwise i dont care. 1.31 or close to it is next.
  • #575,796
  • Dec 16, 2011 6:57am Dec 16, 2011 6:57am
Quoting DragonEye
Hi ppl!

I'm short from 1.3041 based on TA only.
I've made 61 green pips today based on TA, and +154 yesterday based on TA only.
So the sentence that TA is not working in Forex market does not correspond with what I see and how I trade.

BTW, all my indies from M1 to H1 are pointing down now.

And concerning the closing of short positions on Friday b4 holidays. Sure shorts will be closed. Mine too. But being me the Big Shark I would move the market into the deep b4 closing shorts. So I incline to agree with those here who awaiting for the significant...
Have covered my short @1.3020 (day open touch) +20 pips
Prepared to go long when @M15 green bar crossed AP's top beam and closed @1.3034.
Entered long @1.3046, covered @1.3066 +20 pips.
Awaiting next setup to enter.

ALL this is pure price action and TA.

AND LESSON: be prepared for the market to move both sides.
  • #575,797
  • Dec 16, 2011 6:58am Dec 16, 2011 6:58am
Quoting Alexone
I dont need to prove anything to u. If u believe me when i say i caught 50 pips on this, fine, otherwise i dont care. 1.31 or close to it is next.

I neither believe or otherwise I simply stated that you are being a smart arse trying to claim a short at the top of a consolidation range with an overall negative trend was going against bullish momentum....
  • #575,798
  • Dec 16, 2011 6:59am Dec 16, 2011 6:59am
Quoting DragonEye

AND LESSON: be prepared for the market to move both sides.
that's right expect the unexpected.
Mohan
  • #575,799
  • Dec 16, 2011 6:59am Dec 16, 2011 6:59am
Quoting Alexone
Its one thing to trend trade and its another thing to short against bullish momentum. This aint stopping here. Told u there were more bulls in the market.
You did Alex,

so much is happening in the US session, equities, futures, Gold, quarterlys have all final settlement dates today so there yearly values is what we're seeing today.

The downgrade news overnight about banks should have dropped this into hell but it didn't.

I was short like everyone else but cut that trade with a 15 pip loss early this morning. Now I'm happy again with + 40 pip so far. Learn to cut those losses
  • #575,800
  • Dec 16, 2011 7:02am Dec 16, 2011 7:02am
+5 Short...Entry@7:58est Exit@7:59est...I'm done until Monday...Good Luck Traders!! Even the ones who get +20 just to watch price go back where it started...
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