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  • #594,321
  • Feb 12, 2012 6:33pm Feb 12, 2012 6:33pm
Quoting kibescorp
You misunderstand. We do not believe EUR/USD or EUR/JPY is about to fall. In fact, I specifically said the fact that Greece news has been priced in does NOT necessarily mean a fall is about to occur.

Instead, I took a long position on USD/JPY, entry at 77.63
whats your target on yen trade
MMMYYYKKK
  • #594,322
  • Feb 12, 2012 6:37pm Feb 12, 2012 6:37pm
Hi traders...here is a good article to encourage everyone in here. If you are disappointed about your own results, just compare it to the one of the professional traders...we are better than them...they make -10% each and every single month... we have to keep working hard
http://www.yen-to-pounds.net/Forex-N...-Amateurs.html
  • #594,323
  • Feb 12, 2012 6:38pm Feb 12, 2012 6:38pm
Quoting myk
whats your target on yen trade
open until further notice

stop loss below support1 on daily
  • #594,324
  • Feb 12, 2012 6:42pm Feb 12, 2012 6:42pm
Quoting seanpark
hard time to understand you have long position while you saying that "short" to other people...
I haven't said "short" since January. Why would I say "short" when I've had a bullish bias towards EUR/JPY (as you can clearly see at the bottom) since the beginning of the month?

The biggest mistake a trader can make is holding onto a notion that is WRONG despite overwhelming evidence to the contrary. The bearish sentiment shifted to bullish weeks ago, so here we are now.

You could argue for a bearish turnaround in a bullish environment until the cows come home (there are a million different "excuses" you could use), but the market is going to keep moving in the direction it's going.
  • #594,325
  • Feb 12, 2012 6:42pm Feb 12, 2012 6:42pm
last chance to good short and ride to .3050
  • #594,326
  • Feb 12, 2012 6:42pm Feb 12, 2012 6:42pm
Quoting myk
Greek Parliament Passes Latest Austerity Vote

time to go short
looks like it worked (a lil bit) closed now will wait for London open now .
MMMYYYKKK
  • #594,327
  • Feb 12, 2012 6:43pm Feb 12, 2012 6:43pm
Quoting SpacyTrader
On the other hand leopardtrader was long since 1.30 all the way down to 1.26 and he doesnt believe in SL.
Why not? No one know the exact bottom. He was suffering 400 pips drawdown and enjoy 700 pips profit (yet) and still going on. I still remember when EU at 1.26 peoples here so confident to change their short TP from 1.2590 to 'define later' and guess where are those bear? Do you really think Eurozone will collapse? Do you really think EU goes parity with USD?
  • #594,328
  • Feb 12, 2012 6:45pm Feb 12, 2012 6:45pm
Quoting kibescorp
open until further notice

stop loss below support1 on daily
That's about 150 pips.... Gl to your trade anyway.

P.s. hope you noticed you bought it at the res.
  • #594,329
  • Feb 12, 2012 6:47pm Feb 12, 2012 6:47pm
Quoting pkimnyc
That's about 150 pips.... Gl to your trade anyway.

P.s. hope you noticed you bought it at the res.
No.

Not sure what you're using, but my s1 on the daily charts is 77.20.

Pivot is 77.45. First support level is 77.20.

This is USD/JPY. There's not nearly as much pip movement in a given period of time as with EUR/USD.
  • #594,330
  • Feb 12, 2012 6:50pm Feb 12, 2012 6:50pm
10% in the first day of week : ) Im so happy!

Green pips for all!
  • #594,331
  • Feb 12, 2012 6:53pm Feb 12, 2012 6:53pm
Quoting kibescorp
No.

Not sure what you're using, but my s1 on the daily charts is 77.20.

Pivot is 77.45. First support level is 77.20.

This is USD/JPY. There's not nearly as much pip movement in a given period of time as with EUR/USD.
Hope you do realize we're in a boxed range, daily. Hence, the previous low should be the support. I'm talking about uj.
  • #594,332
  • Feb 12, 2012 6:54pm Feb 12, 2012 6:54pm
Quoting Higuain
Why not? No one know the exact bottom. He was suffering 400 pips drawdown and enjoy 700 pips profit (yet) and still going on. I still remember when EU at 1.26 peoples here so confident to change their short TP from 1.2590 to 'define later' and guess where are those bear? Do you really think Eurozone will collapse? Do you really think EU goes parity with USD?
It's just that 400 pips drawdown seems like a lot to me. As far as the thinking goes I found that thinking tends to be extremely detrimental to my trading. The less I think (guessing, being afraid or hopeful) the better I do.
  • #594,333
  • Feb 12, 2012 7:01pm Feb 12, 2012 7:01pm
Quoting SpacyTrader
It's just that 400 pips drawdown seems like a lot to me. As far as the thinking goes I found that thinking tends to be extremely detrimental to my trading. The less I think (guessing, being afraid or hopeful) the better I do.
I agree with you in this one. 400 pips drawdown is not acceptable. But what I want to say is I like how Leopardtrader give a call which turns right in long term. I'm not always following his call. But I'm always monitoring. So far, he is one of the best I've found. Do you by any chance have similar trader's twitter like Leopardtrader? Thank you before. And green pips to both of us.
  • #594,334
  • Feb 12, 2012 7:12pm Feb 12, 2012 7:12pm
Quoting Higuain
I agree with you in this one. 400 pips drawdown is not acceptable. But what I want to say is I like how Leopardtrader give a call which turns right in long term. I'm not always following his call. But I'm always monitoring. So far, he is one of the best I've found. Do you by any chance have similar trader's twitter like Leopardtrader? Thank you before. And green pips to both of us.
I don't think you should be following me just yet. I believe I just removed the last remaining problems with my system and it should be golden now, but then again that's the same thing I thought before that and I got a full SL that could have been avoided.

And since my trades are long term and few and far between that wasn't good. I still need to test things for a couple months.

About leopardtrader actually his call for a turning point at 1.30 is what impresed me. My system indicated the same thing. Problem is it kept going through support like butter with following reentries failing too. In fact that's what I've been fixing until now- adding break even points so I can hopefully avoid losses in such events.
  • #594,335
  • Feb 12, 2012 7:20pm Feb 12, 2012 7:20pm
Good time to short imo short term, at least to fill gap.

Weekly chart - fib of the most recent down move with price stalled at the 38.2 retracement.

H4 chart - bearish divergence

H1 chart - bearish divergence. gap UP after 600 pip up swing into the weekly 38.2 retracement w/ pin formation (novice buying over weekend)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur week.gif Size: 19 KB
Click to Enlarge Name: eur wh4.gif Size: 18 KB
Click to Enlarge Name: eur h1.gif Size: 18 KB
  • #594,336
  • Feb 12, 2012 7:22pm Feb 12, 2012 7:22pm
Quoting pipsar
last chance to good short and ride to .3050

Nice. Im looking for 3070
  • #594,337
  • Feb 12, 2012 7:39pm Feb 12, 2012 7:39pm
Your trade is your trade. No one but you made the decision to pull the trigger, buy or sell.

When you've learned that lesson you are well on your way. Until then you are just another follower, another wannabe.

That said, still long term looks to be uptrend, but the intermediate trend seems to be a Correction down

After the news this evening Im surprised it has fallen further faster.
  • #594,338
  • Feb 12, 2012 7:39pm Feb 12, 2012 7:39pm
HKE HONG KONG is going to open within 20 min
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  • #594,339
  • Feb 12, 2012 7:45pm Feb 12, 2012 7:45pm
I got mixed signals so I might stay out for the next 5 hours to see the close of the next 4H candle
When life gives you lemons, make lemonade
  • #594,340
  • Feb 12, 2012 8:18pm Feb 12, 2012 8:18pm
Quoting Danvelvet33
Hi Buddy!! Yeah! Eastern European girls are very beautiful and hot Well just have a look at the xxx movies,,, 80 % of them from here
Good Trading Day to Everybody
motivation
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