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EURUSD

  • #609,881
  • Mar 15, 2012 7:26am Mar 15, 2012 7:26am
Quoting mohan76
i was very playing small trade, not bad. on eu this time i have booked 1/2 for 20 pip no more be i can't afford that
I dont think BE is the problem, maybe need reassess entry, and try be patient and try to give her little more protection, especially if BE is getting clipped and then pa push away, if pa drive back and smash be or sl, entry was either an acceptable loser or a bad entry.

Other option , like your trade now, pb 20, could use the pips banked, to offset your sl risk, rather than move sl to BE, leave it in original place, again, if pa still come back, takes out original fill price, and continue to original sl, is an acceptable loser or bad entry,

Is psycological bro, if you calculated your entry protection sl rr etc etc, and pa goes into green pips, sl has done its job, if you move stop to be, yes you reduce risk, but is off set against a. reducing the room for trade to breath, b. not having confidence in your original trade plan, rr entry sl etc etc

just some thoughts bro, peace
If you are new to Forex? Say Goodbye to your account!!
  • #609,882
  • Mar 15, 2012 7:28am Mar 15, 2012 7:28am
Quoting Rios
Price is definitely real. I understand the whole tick vs. actual volume and have read up on both sides of the argument. For me in my trading, I draw out my S/R lines and areas and use volume and that is it. Pretty much naked and as I get more experience and see how price reacts in combination with my "proxy" I will hopefully put the odds in my favor, just slightly.
If it works for you fine, but I can guarantee that it is at a psychological level, because in reality you are adding a dual probability (volume) to another dual probability (price) meaning that you end up with 4 variables instead of 2.
  • #609,883
  • Mar 15, 2012 7:29am Mar 15, 2012 7:29am
Quoting pipnaija
Hahahahahaha... Can't stop laughing at all the analysis and beautiful charts.... DEMO traders everywhere.. Hahahahahahahahaha...

EURO has to get into deep shit before I can sell.. Last time I looked at my chart (30 mins or so ago) euro was still happy.. Besides if a PRO has to sell... Those currencies pulling EU up today will be watched Eg. NZDUSD,AUDUSD,

Trading is not based on beautiful charts but on cutting edge accuracy...no shorting EU today for me unless I see 100+ pips in opposite direction... IMPOSSIBLE
Yeah, i feel this has the possibility to go higher, especially since 1.3000 was such strong support. I could be wrong though.
Learn to see what's there, not what you want to see.
  • #609,884
  • Mar 15, 2012 7:30am Mar 15, 2012 7:30am
Just wondering anyone can tell me why in the month Oct 2011, the eur/usd rises 10 cents? I would like to know so that I don't get caught in such situation. I only started trading in Dec 2011.

Thank you.
  • #609,885
  • Mar 15, 2012 7:32am Mar 15, 2012 7:32am
get ready for dive down
  • #609,886
  • Mar 15, 2012 7:33am Mar 15, 2012 7:33am
or fly up lol$$$
  • #609,887
  • Mar 15, 2012 7:37am Mar 15, 2012 7:37am
i definitely hope its a sell .boring to see this price.
  • #609,888
  • Mar 15, 2012 7:37am Mar 15, 2012 7:37am
Quoting KiwiTrada
I dont think BE is the problem, maybe need reassess entry, and try be patient and try to give her little more protection, especially if BE is getting clipped and then pa push away, if pa drive back and smash be or sl, entry was either an acceptable loser or a bad entry.

Other option , like your trade now, pb 20, could use the pips banked, to offset your sl risk, rather than move sl to BE, leave it in original place, again, if pa still come back, takes out original fill price, and continue to original sl, is an acceptable loser or bad entry,...
bit annoyed 12 be last night , and i feel comfortable when no risk on table , i have considering your idea taking risk off but move sl i am considering that may be i should start with 75% booking or partial SL EA
Mohan
  • #609,889
  • Mar 15, 2012 7:42am Mar 15, 2012 7:42am
When life gives you lemons, make lemonade
  • #609,890
  • Mar 15, 2012 7:43am Mar 15, 2012 7:43am
today is like watching Arsenal vs Chelsea playing
most boring ever
When life gives you lemons, make lemonade
  • #609,891
  • Mar 15, 2012 7:44am Mar 15, 2012 7:44am
wel im shorting again i cant control to short

lol$$$


big number 1.3056 ppl
  • #609,892
  • Mar 15, 2012 7:45am Mar 15, 2012 7:45am
whats the deal at 3040?
  • #609,893
  • Mar 15, 2012 7:45am Mar 15, 2012 7:45am
Quoting micho
today is like watching Arsenal vs Chelsea playing
most boring ever
what time is game supposed to be ?
  • #609,894
  • Mar 15, 2012 7:45am Mar 15, 2012 7:45am
good Unemployment Claims news should be good for usd but as i usually see is that good news from us help euro to go up

so......i'm looking to short but not yet still think this pair could go up till 1.31 before moving south
  • #609,895
  • Mar 15, 2012 7:46am Mar 15, 2012 7:46am
Quoting Ahmed-Egy
what time is game supposed to be ?
no game, im just giving an example
When life gives you lemons, make lemonade
  • #609,896
  • Mar 15, 2012 7:47am Mar 15, 2012 7:47am
Quoting caldera
whats the deal at 3040?
It used to be resistance, now it's short term support. If it breaks, we could head lower. If it holds, we may go higher.
Learn to see what's there, not what you want to see.
  • #609,897
  • Mar 15, 2012 7:48am Mar 15, 2012 7:48am
Is it really a good time to sell eur/usd now?
  • #609,898
  • Mar 15, 2012 7:48am Mar 15, 2012 7:48am
Quoting pipnaija
Hahahahahaha... Can't stop laughing at all the analysis and beautiful charts.... DEMO traders everywhere.. Hahahahahahahahaha...

EURO has to get into deep shit before I can sell.. Last time I looked at my chart (30 mins or so ago) euro was still happy.. Besides if a PRO has to sell... Those currencies pulling EU up today will be watched Eg. NZDUSD,AUDUSD,

Trading is not based on beautiful charts but on cutting edge accuracy...no shorting EU today for me unless I see 100+ pips in opposite direction... IMPOSSIBLE

Agree!
  • #609,899
  • Mar 15, 2012 7:49am Mar 15, 2012 7:49am
Quoting kerozz
good Unemployment Claims news should be good for usd but as i usually see is that good news from us help euro to go up

so......i'm looking to short but not yet still think this pair could go up till 1.31 before moving south
Its actually good for the EUR, meaning risk ON.
People usually dump dollar for stocks.
  • #609,900
  • Mar 15, 2012 7:49am Mar 15, 2012 7:49am
3055 vs 3040
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