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  • #9,661
  • Jan 18, 2012 7:03am Jan 18, 2012 7:03am
Quoting T@rantula
That is what separates pro from novice. You are on a good way m8 to become a pro trader. Dont stop trading by any means.

And I mean by that: Trade every tradable day but trade until u get your target levels. Dont OVERTRADE.
overtrading has been a major killer of my major wins.. will definitely kick in more discipline on my end.

thanks for your support - means a lot from a pro trader (full time as well) like yourself tata

glad i have met you man!
Have I got something on my face, SOLDIER?
  • #9,662
  • Jan 18, 2012 8:55am Jan 18, 2012 8:55am
Quoting bumapatria
overtrading has been a major killer of my major wins.. will definitely kick in more discipline on my end.

thanks for your support - means a lot from a pro trader (full time as well) like yourself tata

glad i have met you man!
Thanx!
  • #9,663
  • Edited 9:09am Jan 18, 2012 8:56am | Edited 9:09am
If price breaks 2840 we can see 2870. 2870-80 could prove a shorting opportunity.

Why is that? On the picture below we see the MAIN RANGE of the currency this last 13 days. SO if EU wants to advance PA needs to overcome triple top of the main range 2880. Both 2870-80 are good for counter trades on first attempt.

NO BEAR strength above 2625. 2624 is the lower range and only below that bearish trend will resume.

Attached Image (click to enlarge)
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  • #9,664
  • Jan 18, 2012 9:00am Jan 18, 2012 9:00am
heres a gold bear run i had - still holding upper and put + stop
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #9,665
  • Jan 18, 2012 5:07pm Jan 18, 2012 5:07pm
E/U
My [email protected] one of my important Point.
  • #9,666
  • Jan 19, 2012 1:38am Jan 19, 2012 1:38am
Quoting egkid
E/U
My [email protected] one of my important Point.
Hey EG

Yes, 2900 is reachable!
  • #9,667
  • Jan 19, 2012 1:39am Jan 19, 2012 1:39am
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 88 KB
  • #9,668
  • Jan 19, 2012 1:43am Jan 19, 2012 1:43am
Enter long on BPC above 5434
Enter short on BPC below 5413

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 45 KB
  • #9,669
  • Jan 19, 2012 2:11am Jan 19, 2012 2:11am
EUUD.. 15 min short2853
Attached Image (click to enlarge)
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  • #9,670
  • Jan 19, 2012 2:24am Jan 19, 2012 2:24am
Quoting danc
EUUD.. 15 min short2853
Nice
  • #9,671
  • Jan 19, 2012 2:25am Jan 19, 2012 2:25am
Market is in small range, and is waiting for the news, it will some momentum to EU.
  • #9,672
  • Jan 19, 2012 2:43am Jan 19, 2012 2:43am
Another position trade (none yesturday). Short due to H&S at major high. Entry was meant to be 2863 but I only just set up the charts (a bit late today) so I thought I had missed it and jumped on at 2858. Just a bit worried that stops above 80 will need to be cleared before a push lower but lets see how it goes. Stop at 2883 but may get out on solid break of 2870 (shoulders) if it gives me a chance.

http://img810.imageshack.us/img810/3250/22125584.png
  • #9,673
  • Jan 19, 2012 2:44am Jan 19, 2012 2:44am
See...momentum is picking up.
  • #9,674
  • Jan 19, 2012 2:44am Jan 19, 2012 2:44am
Quoting Agro
Another position trade (none yesturday). Short due to H&S at major high. Entry was meant to be 2863 but I only just set up the charts (a bit late today) so I thought I had missed it and jumped on at 2858. Just a bit worried that stops above 80 will need to be cleared before a push lower but lets see how it goes. Stop at 2883 but may get out on solid break of 2870 (shoulders) if it gives me a chance.
CAREFUL WITH SHORTS!
  • #9,675
  • Jan 19, 2012 2:50am Jan 19, 2012 2:50am
Quoting T@rantula
CAREFUL WITH SHORTS!
Upside momentum is favoured pre news, If 2day's HH is broken pay attention to levels I posted. Momentum switch is only possible if the news come out bad and that will be a temporary fix. It seems EU is targeting upper levels
  • #9,676
  • Jan 19, 2012 2:57am Jan 19, 2012 2:57am
Quoting T@rantula
Upside momentum is favoured pre news, If 2day's HH is broken pay attention to levels I posted. Momentum switch is only possible if the news come out bad and that will be a temporary fix. It seems EU is targeting upper levels
Yes, momentum is up on 1min and long scalps are favoured atm (although I will wait till direction is more clear), but I will stick with this longer term short. It is not an A+ setup but as I say, small account and small risk and I need the practice
  • #9,677
  • Jan 19, 2012 2:57am Jan 19, 2012 2:57am
Stopped. Should have listened to you T
  • #9,678
  • Jan 19, 2012 3:02am Jan 19, 2012 3:02am
Quoting T@rantula
Upside momentum is favoured pre news, If 2day's HH is broken pay attention to levels I posted. Momentum switch is only possible if the news come out bad and that will be a temporary fix. It seems EU is targeting upper levels[
News came out worse then expected but EU doesnt care at all. 2892 presently.
  • #9,679
  • Jan 19, 2012 3:07am Jan 19, 2012 3:07am
Quoting Agro
Stopped. Should have listened to you T
You saw how EU got rejected from lower levels. Dont worry, screening time is also important, you will get a better feeling of the market just by watching the price movement.

Some traders trade w/o a stop loss, believe me that wont do any good longer term. They will burn their accounts sooner then u can imagine. they trade w/o a stop loss then pray for the price to reverse. LOL. That is THE MOST stupid thing a trader can do believe me. So u DID NOTHING WRONG. U stopped ur loss.

Stopping the loss and accepting it as a part of a profession is the first thing every trader needs to get accustomed to.
  • #9,680
  • Jan 19, 2012 3:17am Jan 19, 2012 3:17am
Quoting T@rantula
You saw how EU got rejected from lower levels. Dont worry, screening time is also important, you will get a better feeling of the market just by watching the price movement.

Some traders trade w/o a stop loss, believe me that wont do any good longer term. They will burn their accounts sooner then u can imagine. they trade w/o a stop loss then pray for the price to reverse. LOL. That is THE MOST stupid thing a trader can do believe me. So u DID NOTHING WRONG. U stopped ur loss.

Stopping the loss and accepting it as a part of a profession is the...
Cheers T. Just entered long at 66. Loose stop at 29 but will prob be out before that. Reason 1h engulf breaks consolidation zone. Prob a bit dangerous for longs as the move up could have been a stop hunt, but if it is a true break we could get a fast move up now.
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