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  • #583,941
  • Jan 13, 2012 2:36pm Jan 13, 2012 2:36pm
  •  Cosi
  • | Joined Jun 2011 | Status: Little girl on the way! Due April!! | 36 Posts
If the weekend wasn’t at our heels I would keep this open a couple of more days. 1.5 hours remaining to see what I do here… To close or not to close this short that is the question! Getting close to where I might bail out.
  • #583,942
  • Jan 13, 2012 2:58pm Jan 13, 2012 2:58pm
After making a real sizable profit on the ride down, i lost 80% on the unexpected bull....i bailed out of course... with small profit.
rule 3 of forex trading: when there is no trade to trade, get out of trade, it is simple..no trade...shikena gettin to sleep til next week...good luck
  • #583,943
  • Jan 13, 2012 3:02pm Jan 13, 2012 3:02pm
Any news on Italy? rumors were that it will be rated B and Portugal to Junk
  • #583,944
  • Jan 13, 2012 3:09pm Jan 13, 2012 3:09pm
Quoting shegzycool4u
After making a real sizable profit on the ride down, i lost 80% on the unexpected bull....i bailed out of course... with small profit.
rule 3 of forex trading: when there is no trade to trade, get out of trade, it is simple..no trade...shikena gettin to sleep til next week...good luck

I bought some @ 1.2640/50 Area
Because It went down from 1.2860/70 Area Last Night

That's like 220 PIPS .... That's not the usual range

+ 70% on NAV this week (+ 174 PIPS today) + 1220 PIPS for this week
  • #583,945
  • Jan 13, 2012 3:16pm Jan 13, 2012 3:16pm
Quoting shegzycool4u
After making a real sizable profit on the ride down, i lost 80% on the unexpected bull....i bailed out of course... with small profit.
rule 3 of forex trading: when there is no trade to trade, get out of trade, it is simple..no trade...shikena gettin to sleep til next week...good luck
Were you over leverage? That was a slide down (not even a ride) to lose 80% of what you made, depending on where you got in.
  • #583,946
  • Jan 13, 2012 3:17pm Jan 13, 2012 3:17pm
Wow, this thing has gone too low... more than I expected... I am going to continue with shorts the next week... Fine weekend to you...
go go go
  • #583,947
  • Jan 13, 2012 3:31pm Jan 13, 2012 3:31pm
My first post at FF. Just a great site . More coming up soon.
Cheers - Johnny K.

http://johnnykumo.weebly.com/uploads...99932_orig.gif
  • #583,948
  • Jan 13, 2012 3:33pm Jan 13, 2012 3:33pm
this is fucked up, i have been waiting for S&P to downgrade these countries for 2 weeks now.S&P placed these countries on watch this morning euro drops 140 pips just on that news, not even a comfirmation just rumors.About 2 hours ago the prime minister of france CONFIRMS that S&P downgraded france and euro stays flat.WTF!!!!

I have been dreaming of this day for 2 fucking weeks, and when the actual news comes out the market just stays flat
  • #583,949
  • Jan 13, 2012 3:33pm Jan 13, 2012 3:33pm
Quoting Cruci
this is fucked up, i have been waiting for S&P to downgrade these countries for 2 weeks now.S&P placed these countries on watch this morning euro drops 140 pips just on that news, not even a comfirmation just rumors.About 2 hours ago the prime minister of france CONFIRMS that S&P downgraded france and euro stays flat.WTF!!!!

I have been dreaming of this day for 2 fucking weeks, and when the actual news comes out the market just stays flat
am gonna go to bed and cry my eyes out
  • #583,950
  • Jan 13, 2012 3:44pm Jan 13, 2012 3:44pm
Quoting Cruci
this is fucked up, i have been waiting for S&P to downgrade these countries for 2 weeks now.S&P placed these countries on watch this morning euro drops 140 pips just on that news, not even a comfirmation just rumors.About 2 hours ago the prime minister of france CONFIRMS that S&P downgraded france and euro stays flat.WTF!!!!

I have been dreaming of this day for 2 fucking weeks, and when the actual news comes out the market just stays flat
It always makes me wonder what goes through you peoples heads when I read stuff like this. Let me get this right, you were basing your trading strategy to short the eur on waiting for the official announcement of a downgrade of certain countries credit ratings? You didn't just look at the trend and think maybe "down"? You thought that by waiting for the official announcement that you would be the first to know what was going on? Oh mate, you have a LONG way to go!
  • #583,951
  • Jan 13, 2012 3:46pm Jan 13, 2012 3:46pm
Quoting xtsunami
A psychological take profit is as non-productive as a a psychological stop loss. IMHO, it is better to learn and understand time/price movements and than to trade those movements rather than deciding it has to go 150 pips.

As far as the euro goes....there were a great deal of pips on the table. Count the pips on the swings of the hourly chart. If your system or strategy did not produce positive pips with such swings, you may want to consider alternative strategies or systems.
You are so right xT I trade the 15M TF and always go for 30pips and OUT. Trade by trade. Always with the trend. Many pips to @ - wish you a relaxed WE
  • #583,952
  • Jan 13, 2012 3:46pm Jan 13, 2012 3:46pm
Strange when it went to 1.2870 I didn't short because of being stuck in shorts below, and it looked like it ll go to 1.3000 even, as it came down I pulled the shorts out did not benefit bloody angry
  • #583,953
  • Jan 13, 2012 3:48pm Jan 13, 2012 3:48pm
Quoting Hugh Briss
It always makes me wonder what goes through you peoples heads when I read stuff like this. Let me get this right, you were basing your trading strategy to short the eur on waiting for the official announcement of a downgrade of certain countries credit ratings? You didn't just look at the trend and think maybe "down"? You thought that by waiting for the official announcement that you would be the first to know what was going on? Oh mate, you have a LONG way to go!

  • #583,954
  • Jan 13, 2012 3:49pm Jan 13, 2012 3:49pm
Quoting Hugh Briss
It always makes me wonder what goes through you peoples heads when I read stuff like this. Let me get this right, you were basing your trading strategy to short the eur on waiting for the official announcement of a downgrade of certain countries credit ratings? You didn't just look at the trend and think maybe "down"? You thought that by waiting for the official announcement that you would be the first to know what was going on? Oh mate, you have a LONG way to go!
am guessing you knew the time and date when S&P was going to make the annoucement
  • #583,955
  • Jan 13, 2012 3:56pm Jan 13, 2012 3:56pm
Quoting Cruci
am guessing you knew the time and date when S&P was going to make the annoucement
You don't but the Big Boys get special treament and their actions give signs to rest of the market, in 2008 Hank Paulson warned his Hedge fund buddies 2 months in advance of the Govt rescue of Freddie Mac & Fannie Mae.
  • #583,956
  • Jan 13, 2012 4:00pm Jan 13, 2012 4:00pm
Quoting Cruci
am guessing you knew the time and date when S&P was going to make the annoucement
No which is why I don't base my trade decisions on an unknowable factor.
  • #583,957
  • Jan 13, 2012 4:01pm Jan 13, 2012 4:01pm
Quoting Cruci
this is fucked up, i have been waiting for S&P to downgrade these countries for 2 weeks now.S&P placed these countries on watch this morning euro drops 140 pips just on that news, not even a comfirmation just rumors.About 2 hours ago the prime minister of france CONFIRMS that S&P downgraded france and euro stays flat.WTF!!!!

I have been dreaming of this day for 2 fucking weeks, and when the actual news comes out the market just stays flat
the weeks trade has been very funny...people who has a very good twich in them must make a whole lot of money ..for me first i had bad run down and it went up for three days, now it went down yesterday/ today only to rise again, even the news meant different things...this time you will find out, only the scalpers makes the money....funny..i hope next week is good....i better start scalping too...
  • #583,958
  • Jan 13, 2012 4:02pm Jan 13, 2012 4:02pm
Quoting Cruci
am guessing you knew the time and date when S&P was going to make the annoucement

Look at your chart.. what was the higher probability?

downtrend continuation or few pips more on the consolidation?.. sure there was some more room to the upside.. but.. see.. 1288 (+/-) was the 8h pivot.. thats often a good sell/buy point..


take a choose.. technical or fundamental trader..
  • #583,959
  • Jan 13, 2012 4:02pm Jan 13, 2012 4:02pm
Took little short counting on a gap on sunday and further collapse. Have a nice weekend!
  • #583,960
  • Jan 13, 2012 4:03pm Jan 13, 2012 4:03pm
Quoting Torpedo
Look at your chart.. what was the higher probability?

downtrend continuation or few pips more on the consolidation?.. sure there was some more room to the upside.. but.. see.. 1288 (+/-) was the 8h pivot.. thats often a good sell/buy point..


take a choose.. technical or fundamental trader..

and dont forget the friday surprise revesal rule.. personally i love it..
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