is that a demo or live acc?
It Is Well With My Soul..(Amen)
- #18,922
- Jan 11, 2012 9:29am Jan 11, 2012 9:29am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Is this gonna hold???
mmnnnnnnnnn.
Also, the rumors out of Fitch regarding a French downgrade are nothing concrete and a downgrade is already partially priced in. So if France does get a one notch downgrade to AA+ from AAA, we may very well experience a "Sell the rumor, Buy the fact" scenario.
I'm just saying be careful. Not a good idea to sell at these levels. The time to sell was at 1.28
Cheers
PT
Those who say it cannot be done should not interrupt those who are doing it
- #18,923
- Jan 11, 2012 9:31am Jan 11, 2012 9:31am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Live acc Sir.
lol okay are u planning ot hold that hedge?
how many % is it taking away with the DD at hand?
pips doesnt matter when it comes to controlling drawdown.
how are you planning to get out as? minimized loss? or Breakeven.
nothing is impossible - ive been out of a -100 pips drawdown profitable.
again its not pips u should worry about.
whats ur plan?
Have I got something on my face, SOLDIER?
- #18,924
- Jan 11, 2012 9:38am Jan 11, 2012 9:38am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
- #18,925
- Jan 11, 2012 9:40am Jan 11, 2012 9:40am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
remember that we have been in oversold condition for quite a while and that the falling channel (aqua) support is a tough nut to crack.
Also, the rumors out of Fitch regarding a French downgrade are nothing concrete and a downgrade is already partially priced in. So if France does get a one notch downgrade to AA+ from AAA, we may very well experience a "Sell the rumor, Buy the fact" scenario.
I'm just saying be careful. Not a good idea to sell at these levels. The time to sell was at 1.28
Cheers
PT
Attachment
well now that my cycle to go to 3000 is most likely - failed.... or not. im just going to wait and see how price reacts at the next 4h timeline. obviously this one gave a short signal. and now it broke fanline support. do u see the empty space? path of least resistance from buyers.
one very deadly mechanism of price movement based on the square is that if it enters the next timeline in a saucer like movement - diving south - then it could very possibly soar up. its like a parabola movement.
be extra careful everyone - just think twice before opening positions. ive been burnt quite a number of times and get to say "ooh thats what happened:.
Have I got something on my face, SOLDIER?
- #18,927
- Jan 11, 2012 9:50am Jan 11, 2012 9:50am
1stly me is not a sir
okay are u planning ot hold that hedge?
how many % is it taking away with the DD at hand?
pips doesnt matter when it comes to controlling drawdown.
how are you planning to get out as? minimized loss? or Breakeven.
nothing is impossible - ive been out of a -100 pips drawdown profitable.
again its not pips u should worry about.
whats ur plan?
I guess everyone is very fast in typing ..lol
i already answered this question many times ..even with charts.
few minutes ago.
i sold earlier and took profit.
(the chart is just my thinking out loud)...i use it (H1 chart) as a guide..i trade off M15 charts.
But having said that,i see it is just the way of this forum,been always there to assist and guide every member to make a good trade and be careful not to loss money.
it is really appreciated...that's why it is one of the best around.
cheers all.
It Is Well With My Soul..(Amen)
- #18,929
- Jan 11, 2012 10:03am Jan 11, 2012 10:03am
remember that we have been in oversold condition for quite a while and that the falling channel (aqua) support is a tough nut to crack.
Also, the rumors out of Fitch regarding a French downgrade are nothing concrete and a downgrade is already partially priced in. So if France does get a one notch downgrade to AA+ from AAA, we may very well experience a "Sell the rumor, Buy the fact" scenario.
I'm just saying be careful. Not a good idea to sell at these levels. The time to sell was at 1.28
Cheers
PT
Attachment
Eh PT,
yea,i see that too...am just checking the charts...already took profit for the day.
Although if my systems tells me to sell i will do instantly,all things been equal...lol
Thanks for the headsup.. appreciated (also,thanks for the way you keep the forum tidy,mature and in check) ...
cheers.
It Is Well With My Soul..(Amen)
- #18,930
- Jan 11, 2012 10:16am Jan 11, 2012 10:16am
1stly me is not a sir
okay are u planning ot hold that hedge?
how many % is it taking away with the DD at hand?
pips doesnt matter when it comes to controlling drawdown.
how are you planning to get out as? minimized loss? or Breakeven.
nothing is impossible - ive been out of a -100 pips drawdown profitable.
again its not pips u should worry about.
whats ur plan?
Hi Buma,
i can see you got the ''Sir'' gist...lol
i was just kidding around.
i hope you got my drift.
thanks for sharing you knowledge,it is appreciated.
i do hope you saw my point of posting the chart (not for trading)
About been -100 pips draw down.....i left that for the strong/hardhearted guys,not for ppl like me...lol
I do before but stopped doing that some time ago,when i was some hundreds of pips in the negative...waiting for it to come back as usual...but suddenly from the blues,the CB of the currency intervened in the market and it spike over 1000 pips in 3 secs and never came back down..
So now i do M15....enter multiple lots and with SL of 30-50.
If taken out there,i can live with that...not thousands....lol
Wish you Green pips.
cheers.
It Is Well With My Soul..(Amen)
- #18,932
- Jan 11, 2012 11:37am Jan 11, 2012 11:37am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
OK, so this is off topic and if I'm asked, I'll remove it.......but, for those that are scepitical about the value of Pivot Levels, take a look at this chart....also, todays high was at the Daily MR 1 level......
Memo to self.....WATCH THE MISTRESS TOO !!
PS From my post 22 hours ago...Inactivity breeds Volativity and vice versa, so no surprise about today
Memo to self.....WATCH THE MISTRESS TOO !!
PS From my post 22 hours ago...Inactivity breeds Volativity and vice versa, so no surprise about today
Trading Levels with WRBs
- #18,933
- Jan 11, 2012 11:46am Jan 11, 2012 11:46am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #18,934
- Jan 11, 2012 11:53am Jan 11, 2012 11:53am
- Joined Nov 2011 | Status: Trader | 1,271 Posts
OK, so this is off topic and if I'm asked, I'll remove it.......but, for those that are scepitical about the value of Pivot Levels, take a look at this chart....also, todays high was at the Daily MR 1 level......
Memo to self.....WATCH THE MISTRESS TOO !!
PS From my post 22 hours ago...Inactivity breeds Volativity and vice versa, so no surprise about today
- #18,935
- Jan 11, 2012 11:55am Jan 11, 2012 11:55am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
OK, so this is off topic and if I'm asked, I'll remove it.......but, for those that are scepitical about the value of Pivot Levels, take a look at this chart....also, todays high was at the Daily MR 1 level......
Memo to self.....WATCH THE MISTRESS TOO !!
PS From my post 22 hours ago...Inactivity breeds Volativity and vice versa, so no surprise about today
I too am trading the mistress. The euro is too boring for me lately. I'm short and that's it. All I can do with the Euro is watch lol
btw, long mistress at 1.5332
Took my lead from the Euro popping above 1.27 and the USDX retracing.
Those who say it cannot be done should not interrupt those who are doing it
- #18,936
- Jan 11, 2012 1:13pm Jan 11, 2012 1:13pm
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
Alright, this is I'm sharing because I think we all should hone our skills by analyzing the market by ourselves, practicing and then executing the self-Analysis because at the days end this is the only thing which will boost our confidence ... try and try until you reach the success ...
today morning (in the Asian season) I noticed this candle pattern and only based on that i took my trading decision for the day ... ofc, as a back up I considered the trend of E/U, MA Slope, Support / Resistance, Supply - Demand.
So first I post the observation and projection here
http://www.forexfactory.com/attachme...1&d=1326255666
Later I took my trading decision as below..
I wished this pair spiked up till 1.2820 reach the weekly pivot (+/- 10 is ok)... but ofc that did not happen but the pair did hit most of the lines of orders with SL @ 1.2830 and TP @1.2720 (+/- 10 of 0 pivot level)
Since all the TPs hit it allowed me to withdrew 75% of the principal money which i invested last week.
Note: Just to add, trading on candle pattern needs patience and need confidence identifying the exact .. I'm not a pro but still learning so I would not advice any body to follow this ... just enjoy the beauty
today morning (in the Asian season) I noticed this candle pattern and only based on that i took my trading decision for the day ... ofc, as a back up I considered the trend of E/U, MA Slope, Support / Resistance, Supply - Demand.
So first I post the observation and projection here
http://www.forexfactory.com/attachme...1&d=1326255666
Later I took my trading decision as below..
I wished this pair spiked up till 1.2820 reach the weekly pivot (+/- 10 is ok)... but ofc that did not happen but the pair did hit most of the lines of orders with SL @ 1.2830 and TP @1.2720 (+/- 10 of 0 pivot level)
Since all the TPs hit it allowed me to withdrew 75% of the principal money which i invested last week.
Note: Just to add, trading on candle pattern needs patience and need confidence identifying the exact .. I'm not a pro but still learning so I would not advice any body to follow this ... just enjoy the beauty
- #18,937
- Jan 11, 2012 2:27pm Jan 11, 2012 2:27pm
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #18,938
- Jan 11, 2012 2:32pm Jan 11, 2012 2:32pm
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
Alright, this is I'm sharing because I think we all should hone our skills by analyzing the market by ourselves, practicing and then executing the self-Analysis because at the days end this is the only thing which will boost our confidence ... try and try until you reach the success ...
today morning (in the Asian season) I noticed this candle pattern and only based on that i took my trading decision for the day ... ofc, as a back up I considered the trend of E/U, MA Slope, Support / Resistance, Supply - Demand.
So first I post the observation...
you enter trade for each 5 Pips ? Personaly,I've been used that kind of method and it doesnt works in mid-longterm and quite dangerous,But if it works for you then congrats and just go ahead
If there was easy money lying around,no one would be forcing it into your
- #18,939
- Jan 11, 2012 3:20pm Jan 11, 2012 3:20pm
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
Bro,
you enter trade for each 5 Pips ? Personaly,I've been used that kind of method and it doesnt works in mid-longterm and quite dangerous,But if it works for you then congrats and just go ahead
... finally u get rewarded for your calculated risk
Edit : Remember I encountered a Daily Candle
- #18,940
- Jan 11, 2012 3:35pm Jan 11, 2012 3:35pm
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
bill is back !!! fx r u there to welcome bill ? 
Hello Bill ... how was the small vacation u took?
Hello Bill ... how was the small vacation u took?