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  • #586,141
  • Jan 20, 2012 12:11am Jan 20, 2012 12:11am
Quoting KillerWhale
I opened a long @ 1.2965 so we'll probably go back to 1.28 now

got more cajones than i do, hope it works out
  • #586,142
  • Jan 20, 2012 12:11am Jan 20, 2012 12:11am
Quoting KillerWhale
He is very very rich
Rich enough to have five wives at a time and divorce four of them in a single day.


Define wealth and differentiate that with richness. If you can do that, you are also a millionaire.

That fish I just cooked is really delicious. My remaining lone wife will be very happy tomorrow noon. ............... Yes, happiness lies in small joys that we ingnore every hour.
The Thief of Wall Street
  • #586,143
  • Jan 20, 2012 12:14am Jan 20, 2012 12:14am
Quoting KillerWhale
I opened a long @ 1.2965 so we'll probably go back to 1.28 now
That's funny, opened long and within a few minutes it breaks in MY direction.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #586,144
  • Jan 20, 2012 12:16am Jan 20, 2012 12:16am
Quoting KillerWhale
My favorite trades are the ones that go first 10 pips in my direction, then 10 pips against me, lingers there for a few hours and than right before I finally want to close it, it shoots 50 pips more against me.
Case in point?
  • #586,145
  • Jan 20, 2012 12:16am Jan 20, 2012 12:16am
Quoting KillerWhale
Why 1.3052? 1.3075 makes more sense

Or 1.3115
Monthly pivot
just the general S/R i'm looking at in the 4 hr. chart, could very well be 1.3075. thru experience, i've learned that when determining s/r its better to have a range than an exact pip
  • #586,146
  • Jan 20, 2012 12:22am Jan 20, 2012 12:22am
Quoting MidasFX
Looks like its MAKE or BREAK time. lol

~ ALSO ~ News in under 1 hour

2:00amEURGerman PPI m/m

Since this move is before the news and the "open" may want to hold tight before going hog wild on those longs. just a thought.
  • #586,147
  • Jan 20, 2012 12:24am Jan 20, 2012 12:24am
Long 2976 SL 2880 TP 3051
Short when 2863 breaks.
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Everybody dies but not everybody lives
  • #586,148
  • Jan 20, 2012 12:25am Jan 20, 2012 12:25am
Quoting EZ Wider
Long 2976 SL 2880 TP 3051
Short when 2863 breaks.
Sl 100 point-profit 80?)hmm dont u think its not right?))
  • #586,149
  • Jan 20, 2012 12:28am Jan 20, 2012 12:28am
This is where we are. I am taking a chance on shorts, but longs also do have a chance.
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The Thief of Wall Street
  • #586,150
  • Jan 20, 2012 12:29am Jan 20, 2012 12:29am
Quoting EZ Wider
Long 2976 SL 2880 TP 3051
Short when 2863 breaks.
Yeah that's were your stop should be 1.2880.
Right 2 pips ABOVE SUPPORT


IDIOT
New voice message: Why are you calling me? If I need you, I'll call you!
  • #586,151
  • Jan 20, 2012 12:29am Jan 20, 2012 12:29am
added short at 1.2980
  • #586,152
  • Jan 20, 2012 12:35am Jan 20, 2012 12:35am
i just got back , disappointed with Asian session i had pending @ 3004 (tp just10 pip) . hope franky can fill it , good think 52/47 is holding , i will back to my trading desk after 2-1/2h
Mohan
  • #586,153
  • Jan 20, 2012 12:35am Jan 20, 2012 12:35am
WR2 already test...break or not???
short at 2890??
what happen to the market now....
confius...why no retractment yet ..
  • #586,154
  • Jan 20, 2012 12:38am Jan 20, 2012 12:38am
Not every trade should be a 1:1 risk/reward ratio . I know a few scalpers who use a 5:1 and are incredibly profitable. Ultimately it doesn't matter what your r/r is as long as you make winning trades.

When scalping I normally use a 5:1 r/r or but I win more then 80% of the time. So it all works out. As for putting a stop a few pips above support? thats illogical, but... we all use dif types of support, your fib support will give you a dif number then my pivot points. No need to make other people feel dumb.
  • #586,155
  • Jan 20, 2012 12:42am Jan 20, 2012 12:42am
too many nerves in this place - people should chill out and let the market do its thing
  • #586,156
  • Jan 20, 2012 12:47am Jan 20, 2012 12:47am
Quoting mohan76
i just got back , disappointed with Asian session i had pending @ 3004 (tp just10 pip) . hope franky can fill it , good think 52/47 is holding , i will back to my trading desk after 2-1/2h

nice one my friend~
I have 3005 as next possible place where bull take some rest..
but 3100 is on the table i think..
2985 may also offer some resist maybe..let see what frankie offer
Patience, Emotion Control and Discipline.
  • #586,157
  • Jan 20, 2012 12:52am Jan 20, 2012 12:52am
Quoting johncen

nice one my friend~
I have 3005 as next possible place where bull take some rest..
but 3100 is on the table i think..
2985 may also offer some resist maybe..let see what frankie offer
if 3004 tested before London more chance for good old 3070/80 get break today



30/12/20111.29981 / 1.3012 (r1)
3/01/20121.30762 /58 (r2)

4/01/20121.30721 - big one - on pullback if 50/40 hold it will get break today ,


upside : 3000/12 , 3050/55 , 1.3072/75 (big one) on pl
Downside i am looking at 50/46 , 32/25 psycho level 00 , 2880/72
Mohan
  • #586,158
  • Jan 20, 2012 12:55am Jan 20, 2012 12:55am
morning,

well nothing changed overnight then.

still bullish on the hourly and due a correction of around 90 pips before it can make more headway North if that is what is going down.

News in 5 minutes.

My plan take a long if momentum drives it otherwise sit tight wait a roll over for the short.
  • #586,159
  • Jan 20, 2012 12:56am Jan 20, 2012 12:56am
EU/USD has a lot of correction to do .

strong uptrend from EU but not USJPY
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  • #586,160
  • Jan 20, 2012 12:57am Jan 20, 2012 12:57am
waiting for German PPI m/ m, when it goes green it's better to buy n tp 50 pips
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