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EURUSD

  • #599,961
  • Feb 24, 2012 2:42pm Feb 24, 2012 2:42pm
If you are normaly leveraged you can be Over week end without any problems.
If you are more a scalper with a serious leverage you cant
  • #599,962
  • Feb 24, 2012 2:43pm Feb 24, 2012 2:43pm
Quoting PokerPlayer
It depends on
a) Your trading philosophy (i.e short or long term)
b) your bank balance
c) your stop levels
d) whether you want the headache when the market opens on Sunday

As a personal note, the only time I was tempted to leave a position open over the weekend I lost £1400 straightaway when the market opened on Sunday. The reason - Moody's downgraded the USA from AAA

I NEVER, NEVER, NEVER leave an open position at the weekend now.
That means you where trading with a dangerously high leverage.

Because if your capital was big enough to lose GBP 1400 with low leverage, (like 200K+) you wouldn't care. Then it would mean not much to you.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #599,963
  • Feb 24, 2012 3:26pm Feb 24, 2012 3:26pm
keep on shorting people

my target is still 400 pips on the upside=)
  • #599,964
  • Feb 24, 2012 3:29pm Feb 24, 2012 3:29pm
Quoting Killy
keep on shorting people

my target is still 400 pips on the upside=)
It won't get there my friend

Something to read:

http://www.nytimes.com/2012/02/25/bu...eign-debt.html
New voice message: Why are you calling me? If I need you, I'll call you!
  • #599,965
  • Feb 24, 2012 3:33pm Feb 24, 2012 3:33pm
Quoting KillerWhale
It won't get there my friend

Something to read:

http://www.nytimes.com/2012/02/25/bu...eign-debt.html

europe card is played, all ok there.

and you know when you have people waiting in line at Chopard stores in paris... you know its hardly a real crisis=)

plus fed would like still lower dollar
  • #599,966
  • Feb 24, 2012 3:36pm Feb 24, 2012 3:36pm
Quoting lattod
Hi guys - fairly new forex trader, so a quick question seeing as we're off into the weekend ...

How many pips Target do you have each week or day ??

Also - do you do this full time, or do you have 'day jobs' (which then leads to another question of) why do you have a job if you're pretty good at Forex ?

Im up for a 52 pip gain today (quite pleased with myself to be honest!) - so just wondered how it compared and so on.

There is another question (but im not sure many will answer !) and that is - whats the average £ per pip you normally...
Oh poor boy...
The most important lesson is what I learnt: if you chase the pips / money , they will run from you. This is like fishing: stay wait wait wait and if you read a news or see on a chart something, than you prepare to start fishing.
First set the leverage: trade side properly as with stop lose in any case to lot lose you account 6%, and if you are beginner, as you are telling, I suggest to risk only 0.5% / trade of your account.

If you want to trade because you need money for living and your capital is 1000$ than get a job, a real one. If you have more, than instead of losing make a managed account and choose somebody, who is wasted time with this occupation at least 7 years and he will make 5-20% of your balance / month. That is the safest and close to reality.

If you trade in Roller-coster mode you will lose your account. But is ok to wipe 2-3x, after that if you didn't learnt how to protect yourself, than you deserve the 4th wipe

Here is my trade and below the explanation:
http://img862.imageshack.us/img862/4...20224at112.png

At money low liquidity, not moving the price less ppl trade.
from Tuesday to Friday morning in EST timezone there are moves, up or down it depends on w=news, sentimets and other factor. But at Friday it is the trade closing , risk minimizing day. Most of us ( as me) they close all open trades, because at weekend can't trade or is very expensive ( Oanda 10 PIP) . I saw the price went up and made a break : 1-2 small candles, At there or the price will continue the up direction a bit, if he has force to push it, or was pushed up only to be pushed a bigger deep. Since the price in this week was al week under there I bought ( the triangle) I was thinking this price is to high and I will go down.

After I decide the stop lose level: 150 0r even 250 Pip for weekend in this case
will set the trade size to not lose all your money ( Risk management) and lets see what happens!

- for me this month was boring: like 3 trade with small lose and like 15 or more with win medium, and I wanted to try something unsafe and risky
I want to buy PATIENCE
  • #599,967
  • Feb 24, 2012 3:37pm Feb 24, 2012 3:37pm
Quoting Killy
europe card is played, all ok there.

and you know when you have people waiting in line at Chopard stores in paris... you know its hardly a real crisis=)

plus fed would like still lower dollar
but strong euro not good for europe at the moment
  • #599,968
  • Feb 24, 2012 3:38pm Feb 24, 2012 3:38pm
Quoting sidhujag
EURJPY is a good buy for 107.80... get in NOW with 107 as SL
That was a 220 pip and counting win with a 25 pip SL
  • #599,969
  • Feb 24, 2012 3:40pm Feb 24, 2012 3:40pm
Quoting Fx74
but strong euro not good for europe at the moment

my targ 1.385 so its a mid of larger range

http://www.ecb.int/press/key/date/20...120224.en.html

here is a good sum-up btw, not outsider new your times
  • #599,970
  • Feb 24, 2012 4:00pm Feb 24, 2012 4:00pm
13550-13580 ,most likely..

or maybe 13650 in extreme case again..

but at the moment.. next one will be a bearish move.. and then wee will see.. whats next..
  • #599,971
  • Feb 24, 2012 4:33pm Feb 24, 2012 4:33pm
Quoting kibescorp
Sellers will continue to lose money. Continue trying to see resistances when there are none.

Trade against the obvious trend and lose money. It's as simple as that.

Euro short covering will continue ... followed by more risk buying ... uptrend just getting warmed up.

Meanwhile, thanks to EUR/JPY, I can practically retire now.
Hi Kibescorp,

You were right since the beginning of this week, when everybody were shorting you kept saying the opposite, when I realized that my all stops were being taken out, I realized that you are absolutely right, and kept buying eu since thursday Thank you big time .
Please keep on posting your trades
  • #599,972
  • Feb 24, 2012 4:40pm Feb 24, 2012 4:40pm
Quoting okanemici
Hi Kibescorp,

You were right since the beginning of this week, when everybody were shorting you kept saying the opposite, when I realized that my all stops were being taken out, I realized that you are absolutely right, and kept buying eu since thursday Thank you big time .
Please keep on posting your trades

when you did have a look on several Signals on the charts.. then.. you wouldnt need advice from other people..
  • #599,973
  • Feb 24, 2012 4:44pm Feb 24, 2012 4:44pm
The only reason EURUSD is moving higher is that European banks are so deep under water that they are bringing home as much liquidity as they can. The music has stopped and there will not be enough chairs. Deal with it!
  • #599,974
  • Feb 24, 2012 4:46pm Feb 24, 2012 4:46pm
Quoting kibescorp
Risk is 100% on. Uptrend began its resumption today and will continue to do so well into next week.

Short at your own risk.
Hey shorters, you wish you have listened to Kibescorp earlier , you might have saved your accounts as I did You rock kibescorp
  • #599,975
  • Feb 24, 2012 4:51pm Feb 24, 2012 4:51pm
Quoting okanemici
Hey shorters, you wish you have listened to Kibescorp earlier , you might have saved your accounts as I did You rock kibescorp
Risk has changed its not on or off... alot of retailers are going to get fucked.

USD up (EU, GU, NU down) while S&P up and JPY down = risk on
risk off USD up while S&P down and JPY up = risk off

both cases EU is long term sell

Majority of the time it will be risk on, with gold/silver being the hedge incase more defaults happen and they will.
  • #599,976
  • Feb 24, 2012 4:54pm Feb 24, 2012 4:54pm
Quoting Torpedo
when you did have a look on several Signals on the charts.. then.. you wouldnt need advice from other people..
I'm a newbie Torpedo , I also had a long bias but I really made a mistake in listening to the shorting majority, they were everywhere ! Got my lesson, and ready to learn from some of your wisdom about those signals, what are they ?
  • #599,977
  • Feb 24, 2012 5:40pm Feb 24, 2012 5:40pm
EU knew where it's target on FEB 16th when it ran away from the 38.2FIB from JAN 15-29 run up.

Even the FIB formed by the consolidation shows the very same target in place.

Man has a way of making very simple things seem very complex at his own peril.
(For all of you NEWS hounds who "trade" FOREX...what news article did you use to catch this 450pip move?)


Learn your charts & forget the rest.[ATTACH]906241
Attached Image (click to enlarge)
Click to Enlarge Name: EU FIB TP nailed!.JPG Size: 163 KB
  • #599,978
  • Feb 24, 2012 5:51pm Feb 24, 2012 5:51pm
wow , i shorted at 1.3580 at the tip of the ice berg with 120 pips SL . i am in safe haven !!!
  • #599,979
  • Feb 24, 2012 7:58pm Feb 24, 2012 7:58pm
Quoting mohan76
going to tap 85/92 soon i hope that is end of rally for today
pa always respect my level when i am not trading , not enough pull back (profit taking ) during London evening session, looks it's going to give gap up on Monday ,is it going to tap 3500 on Monday ?

upside big levels 3500 , 3547 , 3612
Mohan
  • #599,980
  • Feb 24, 2012 9:11pm Feb 24, 2012 9:11pm
Look at the bull run in Yen..

http://i28.photobucket.com/albums/c2...Untitled-6.jpg
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