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EURUSD

  • #604,141
  • Mar 5, 2012 6:13pm Mar 5, 2012 6:13pm
long @ 1.32235

sl @ 1.32155

tp @ 1.32435
  • #604,142
  • Mar 5, 2012 6:17pm Mar 5, 2012 6:17pm
we're currently sitting at the 61 fib on the 1hr...

tonight should be good =)
Attached Image (click to enlarge)
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  • #604,143
  • Mar 5, 2012 6:29pm Mar 5, 2012 6:29pm
Quoting happytrader
long @ 1.32235

sl @ 1.32155

tp @ 1.32435
R U OUT now? my green pips
  • #604,144
  • Mar 5, 2012 6:32pm Mar 5, 2012 6:32pm
Quoting happytrader
long @ 1.32235

sl @ 1.32155

tp @ 1.32435
That was a terrible entry, at least wait for it to hit support @1.3214 to initiate long with that tight of a stoploss or loosen your stoploss.
  • #604,145
  • Mar 5, 2012 6:38pm Mar 5, 2012 6:38pm
Quoting Rokz
That was a terrible entry, at least wait for it to hit support @1.3214 to initiate long with that tight of a stoploss or loosen your stoploss.
yea.. looking back, that's really a terrible entry. i thought the tokyo bull was strong enough to just push up without any retracement.

now i'm hoping that the tokyo bull can break 1.32280...
  • #604,146
  • Mar 5, 2012 6:40pm Mar 5, 2012 6:40pm
Quoting vaidas7777
Well few days I did my analysis, mostly TA. It showed, that in all pairs with USD, USD will fall. Gold and oil somehow will stay in channel. Only reasonable scenario in this case would be growing bonds. But in this case economies will shrink, jobless rate wuold rise. So agai only way to go is print, and increase inflation for basic needs. Until July, when Obama will need strong dollar to increase living standarts for hamburgers.
I like your view!
  • #604,147
  • Mar 5, 2012 6:44pm Mar 5, 2012 6:44pm
Quoting happytrader
yea.. looking back, that's really a terrible entry. i thought the tokyo bull was strong enough to just push up without any retracement.

now i'm hoping that the tokyo bull can break 1.32280...
please explain, how is this a bad entry? From what I gather, if you got the overall direction correct, there's no bad entry points. Just how greedy you want to be.
  • #604,148
  • Edited 7:14pm Mar 5, 2012 6:44pm | Edited 7:14pm
good morning ( 15 mins to noon )
so euro could not broke 36 last night , Tokyo also giving mess up signal
3236 is the key resistant
Mohan
  • #604,149
  • Mar 5, 2012 6:51pm Mar 5, 2012 6:51pm
Quoting Agent-Pipen
please explain, how is this a bad entry? From what I gather, if you got the overall direction correct, there's no bad entry points. Just how greedy you want to be.
Errr, it was bad due to aiming for a tight stoploss trying to maximize risk reward. But, the trade was taken fairly high above a known support location with the stoploss ALSO above the support location. Pretty much asking for a stopout.
  • #604,150
  • Mar 5, 2012 6:51pm Mar 5, 2012 6:51pm
Quoting Agent-Pipen
please explain, how is this a bad entry? From what I gather, if you got the overall direction correct, there's no bad entry points. Just how greedy you want to be.
entry should protect S/L his sl was 15 previous lows suggest sl below 12/9 safe , so he should have taken long below 20/18. and at this stage bull is capped @ 36
Mohan
  • #604,151
  • Mar 5, 2012 6:52pm Mar 5, 2012 6:52pm
Buying again this pair

Attached Image (click to enlarge)
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TP fr 100

Trade at your own risk guys
  • #604,152
  • Mar 5, 2012 6:57pm Mar 5, 2012 6:57pm
Quoting happytrader
yea.. looking back, that's really a terrible entry. i thought the tokyo bull was strong enough to just push up without any retracement.

now i'm hoping that the tokyo bull can break 1.32280...
Don't think my friend, just follow rules.
And like Mohan said, it is hardly worth trading. Maybe you entry was good for 10 pips? Asian sucks anyway.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #604,153
  • Mar 5, 2012 7:09pm Mar 5, 2012 7:09pm
Quoting KillerWhale
Don't think my friend, just follow rules.
And like Mohan said, it is hardly worth trading. Maybe you entry was good for 10 pips? Asian sucks anyway.
I agree, Asian is code for London planning time.
  • #604,154
  • Mar 5, 2012 7:10pm Mar 5, 2012 7:10pm
Quoting mohan76
good morning ( 15 mins to noon )
so euro could broke 36 last night , Tokyo also giving mess up signal
3236 is the key resistant
Yes 3236 was nice call for cap, mine was 3230 defend zone to 3238 so we within a dam, back on board, time to harvest some pips or atleast build a position now pre frankie, and see what brit decide our market.

Levels still the same as last night, defend zones and sl protection, market has do nothing but little bounce, maybe bulls still not strong enough, bears have little advantage,
but who is silly enough to sell support, me me me

watching all ladies including swissy (contra)

Trade safe peoples
If you are new to Forex? Say Goodbye to your account!!
  • #604,155
  • Mar 5, 2012 7:11pm Mar 5, 2012 7:11pm
Quoting KillerWhale
Don't think my friend, just follow rules.
And like Mohan said, it is hardly worth trading. Maybe you entry was good for 10 pips? Asian sucks anyway.
yea, i'm really beginning to hate the asian session. now i'm looking to get out ... at BE...
  • #604,156
  • Mar 5, 2012 7:13pm Mar 5, 2012 7:13pm
Quoting happytrader
yea, i'm really beginning to hate the asian session. now i'm looking to get out ... at BE...
AS is where brokers can really come get you.... These are the times you want to avoid trading 100% if you can't avoid other times. Esp the lull when they go on their 1.5 hr lunch breaks. US and foreign brokers love it when they can chase your stops with little effort.

99% of the time market is chasing your stops.. the 1% the real market players step in and move it in the "right" direction. These are the times you need to recognize to trade and get in with the herd, and out when you see HH/HL vs LL/LH depending on your direction.
  • #604,157
  • Mar 5, 2012 7:16pm Mar 5, 2012 7:16pm
Quoting KiwiTrada
Yes 3236 was nice call for cap, mine was 3230 defend zone to 3238 so we within a dam, back on board, time to harvest some pips or atleast build a position now pre frankie, and see what brit decide our market.

Levels still the same as last night, defend zones and sl protection, market has do nothing but little bounce, maybe bulls still not strong enough, bears have little advantage,
but who is silly enough to sell support, me me me

watching all ladies including swissy (contra)

Trade safe peoples
ps aussie has plop as typing hahahaha every little count
If you are new to Forex? Say Goodbye to your account!!
  • #604,158
  • Mar 5, 2012 7:17pm Mar 5, 2012 7:17pm
Quoting KiwiTrada
Yes 3236 was nice call for cap, mine was 3230 defend zone to 3238 so we within a dam, back on board, time to harvest some pips or atleast build a position now pre frankie, and see what brit decide our market.

Levels still the same as last night, defend zones and sl protection, market has do nothing but little bounce, maybe bulls still not strong enough, bears have little advantage,
but who is silly enough to sell support, me me me

watching all ladies including swissy (contra)

Trade safe peoples

at London close (nz 5 am) bull was very strong long 4h bar , 2 x nice 1h rejection , hourly close above 30 but it couldn't broke 36


reg aussy - RBA rate decision in 2:12h
Mohan
  • #604,159
  • Mar 5, 2012 7:19pm Mar 5, 2012 7:19pm
Quoting ForexRyan
Holding a short position now as a trade not a scalp.
Got scared and closed it +9. Might look to go long soon.
  • #604,160
  • Mar 5, 2012 7:22pm Mar 5, 2012 7:22pm
Quoting sidhujag
AS is where brokers can really come get you.... These are the times you want to avoid trading 100% if you can't avoid other times. Esp the lull when they go on their 1.5 hr lunch breaks. US and foreign brokers love it when they can chase your stops with little effort.

99% of the time market is chasing your stops.. the 1% the real market players step in and move it in the "right" direction. These are the times you need to recognize to trade and get in with the herd, and out when you see HH/HL vs LL/LH depending on your direction.
thank you for your advice. may i ask what triggers the right condition for you to trade?
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