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  • #12,481
  • Mar 8, 2012 6:20am Mar 8, 2012 6:20am
Quoting T@rantula
I will be watching 3230 reaction, if it breaks 3250 and 3280 could be next..

Stop hunt probably above 3235
Here we go 3250 broken 3260 80 targets.
  • #12,482
  • Mar 8, 2012 6:29am Mar 8, 2012 6:29am
MM The name of the Game.
  • #12,483
  • Mar 8, 2012 6:47am Mar 8, 2012 6:47am
hi guys -quickly
closed 50% at 1.3230:+50 pips
other 50% is at SL:1.3225 atm, with 25 pts trailing so worst case scenario close at 25. if we reach 80 sl will be adjusted to 3250.

i wont be able to put a short coz running but short has the best R;R now

googd lck all

Quoting T@rantula
Here we go 3250 broken 3260 80 targets.
  • #12,484
  • Mar 8, 2012 6:59am Mar 8, 2012 6:59am
Quoting T@rantula
Watch it carefully, ill be out next hour or two.
Hi T,

Came out at be on my trade....

No re entries till draghi stops speaking....

Thanks for that one...
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #12,485
  • Mar 8, 2012 7:03am Mar 8, 2012 7:03am
Quoting BlackWid0w
Hi T,

Came out at be on my trade....

No re entries till draghi stops speaking....

Thanks for that one...
No reentries mate, Conference should create a volatility. If u ask me would like to short it close to 3280 if we get there at the break of 3260
  • #12,486
  • Mar 8, 2012 7:07am Mar 8, 2012 7:07am
Quoting BrunargarFx
hi guys -quickly
closed 50% at 1.3230:+50 pips
other 50% is at SL:1.3225 atm, with 25 pts trailing so worst case scenario close at 25. if we reach 80 sl will be adjusted to 3250.

i wont be able to put a short coz running but short has the best R;R now

googd lck all
Well done m8! What happened with Kambooj?
  • #12,487
  • Mar 8, 2012 7:11am Mar 8, 2012 7:11am
Just watching it right now, staying out

Quoting T@rantula
Well done m8! What happened with Kambooj?
  • #12,488
  • Mar 8, 2012 7:15am Mar 8, 2012 7:15am
Quoting Kambooj
Just watching it right now, staying out
Mate, u serious about 20 pip TP and 200 pip SL?
  • #12,489
  • Edited 9:42am Mar 8, 2012 7:24am | Edited 9:42am
My rules are

-Never do pending orders

-resistances and supports that I have should be respected. If they are not, I stay out

-trade only between 10:30 and 12:30 New York Time

-Minimum lot size that keeps the overall risk at 2%

-If movement does not 0ccur between the allocated times and starts giving small profit or goes 20-30 pips against me, often I bring target to entry and for those ones I come at break even

-Overall I seldom loose, but at times If I see a move has the potential to go well beyond my stoploss, then I kill it.

-I agree that it might sound awkard, but there is a lot of things I look for before killing my trade.

-I dont make mega amount of cash using this method, but have been able to get consistent results, with way fewer losses, and that has built my trading confidence.

-My philosophy is that if you are going to put 10 lots with 20 pip stoploss and that would be 1%-2% risk, why do it that way, choose 5 instances of 2 lot sizes and give yourself more room. Then if you make profit on 2 lot sizes, then plan where you want other 4 lots to go, or as the market moves in your favor, then add mroe lots.

If motion goes significantly against you with 2 lots, then forget putting the rest and see what is it gonna do, before killing it.

The bigger the stoploss, the more time you have to think and see what the market is doing and adjust your trades accordingly. For myself I have found when I switched to smaller lot sizes and bigger stoploss, I dont get that emotional on bad trades, and instead I have much more options to try to turn bad trades into good ones.

Quoting T@rantula
Mate, u serious about 20 pip TP and 200 pip SL?
  • #12,490
  • Mar 8, 2012 7:25am Mar 8, 2012 7:25am
Quoting egkid
Looks like Smelly Fish Mr PA
Speaking Fish Sir , Speaking Fish Madam
Anyone Want some , Buy 2 and got 1 free
  • #12,491
  • Mar 8, 2012 7:27am Mar 8, 2012 7:27am
All i care about Now
After 210 min which is my 4h close
Above 1.32 Will b worry and review my Plan for sell.
  • #12,492
  • Mar 8, 2012 7:34am Mar 8, 2012 7:34am
Quoting Kambooj
My rules are
.
Very strange rules...but ok if u stick to them it probably works out good for you..
  • #12,493
  • Mar 8, 2012 7:35am Mar 8, 2012 7:35am
Quoting egkid
All i care about Now
After 210 min which is my 4h close
Above 1.32 Will b worry and review my Plan for sell.
Would personally like to see 3280. May sell it there
  • #12,494
  • Mar 8, 2012 7:38am Mar 8, 2012 7:38am
Quoting egkid
All i care about Now
After 210 min which is my 4h close
Above 1.32 Will b worry and review my Plan for sell.
h4 is bullish.. as i said this morning pa is looking upwards.. i thought tomorrow would determine the story but i think its already done... also 1.3365 is the next level to watch for an attack on the recent highs
  • #12,495
  • Mar 8, 2012 7:39am Mar 8, 2012 7:39am
Quoting T@rantula
Would personally like to see 3280. May sell it there
nothing worth selling there for imo... i would watch reaction there but 1.3280 might get run over
  • #12,496
  • Mar 8, 2012 7:41am Mar 8, 2012 7:41am
I have had some success with Hedging to stop bad trades, but its the last resort, and I try to stay away from it as much as I can.

Quoting T@rantula
Very strange rules...but ok if u stick to them it probably works out good for you..
  • #12,497
  • Mar 8, 2012 7:42am Mar 8, 2012 7:42am
Quoting jaylovin
nothing worth selling there for imo... i would watch reaction there but 1.3280 might get run over
74 was high..missed the price...look 20 points drop in a minute, may be a retrace for the next upswing..
  • #12,498
  • Mar 8, 2012 7:46am Mar 8, 2012 7:46am
Quoting T@rantula
74 was high..missed the price...look 20 points drop in a minute, may be a retrace for the next upswing..
i did have 76.. but didn't think of it as having any significance.. gonna close computer - will try to check in when the fireworks happen tomorrow... good day all
  • #12,499
  • Mar 8, 2012 7:48am Mar 8, 2012 7:48am
Quoting jaylovin
good day all
Good day J

If 3250 isnt broken we may form next upswing to 3275
  • #12,500
  • Mar 8, 2012 7:49am Mar 8, 2012 7:49am
Quoting egkid
Speaking Fish Sir , Speaking Fish Madam
Anyone Want some , Buy 2 and got 1 free
No one want to buy!
Excellent Offer
Buy 3 and get 3 for free
Who said give me 3
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