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  • #617,901
  • Mar 29, 2012 2:47pm Mar 29, 2012 2:47pm
Quoting Kambooj
Sell @3290-3310
SL @3320
TP1 3260
TP2 3210
based on what?
  • #617,902
  • Mar 29, 2012 2:48pm Mar 29, 2012 2:48pm
Quoting micho
by the way, since you guys are talking about stop loss. i dont use automatic stop loss, i do everything manually and the only time i will close a trade it would be either when i hit my target or when i see a reverse setup close and reverse...
Since you are a longer term trader (right???), then using manual stop makes sense. That is because you have a much larger pip loss tolerance so a quick move against you won't affect you as much. But if you trade shorter term (a couple of hours to a max of 2 days), then it would be wise to use a SL.
  • #617,903
  • Mar 29, 2012 2:53pm Mar 29, 2012 2:53pm
Quoting Kowalczyk
Since you are a longer term trader (right???), then using manual stop makes sense. That is because you have a much larger pip loss tolerance so a quick move against you won't affect you as much. But if you trade shorter term (a couple of hours to a max of 2 days), then it would be wise to use a SL.
not really, i trade all time frames from 15M and up until weekly, small trends to bigger trends... i still close and reverse manually when i see an opposite setup otherwise i leave my trade open. but any mistake will blow your account, that's why i have criterias to enter and i filter the fault signals/bad trends
When life gives you lemons, make lemonade
  • #617,904
  • Mar 29, 2012 2:58pm Mar 29, 2012 2:58pm
Quoting micho
not really, i trade all time frames from 15M and up until weekly, small trends to bigger trends... i still close and reverse manually when i see an opposite setup otherwise i leave my trade open. but any mistake will blow your account, that's why i have criterias to enter and i filter the fault signals/bad trends
Interesting. As long as you exit quickly if you are wrong, I suppose that it does not matter. I prefer SL because a lot of my orders are filled during Europe when I am asleep and since I trade Support/Resistance, the price goes against me pretty fast if I am wrong.
  • #617,905
  • Mar 29, 2012 3:07pm Mar 29, 2012 3:07pm
Quoting pipsallday
great job
its just me i trade for 20 pips a day
and i just love pulling the trigger at +20 pips $1000
Congrats again!!

btw, it was the only one order you opened today?
cheers!!
  • #617,906
  • Mar 29, 2012 3:12pm Mar 29, 2012 3:12pm
Quoting micho
someone yesterday was telling me to stop giving smart ass replies when i told him that the good reason for a bear trade now is to feed the bulls... next time i will keep my mouth shut and let him enjoy the losses
Lmfao... Counted how many pips slipped since your bears to feed bulls call?
Don't tell me bulls didn't get fucked over dude...
  • #617,907
  • Mar 29, 2012 3:13pm Mar 29, 2012 3:13pm
Having trouble figuring out where to tp from long 1.3265 i wanna hold till 1.3340 but not sure. Maybe 1.3305?
  • #617,908
  • Mar 29, 2012 3:18pm Mar 29, 2012 3:18pm
Quoting Kowalczyk
Interesting. As long as you exit quickly if you are wrong, I suppose that it does not matter. I prefer SL because a lot of my orders are filled during Europe when I am asleep and since I trade Support/Resistance, the price goes against me pretty fast if I am wrong.
i agree if you trade based on levels then you should use stop loss but i dont trade on levels i just follow trends with certain criterias. i dont exit quickly, i just exit when the opposite setup forms or when i hit my target.
When life gives you lemons, make lemonade
  • #617,909
  • Mar 29, 2012 3:19pm Mar 29, 2012 3:19pm
Quoting Patternz
Having trouble figuring out where to tp from long 1.3265 i wanna hold till 1.3340 but not sure. Maybe 1.3305?
depends on your strategy but right now is 4:17 pm new york, 5:17 am tokyo, liquidity drops with wellington being the only major center, so i wouldn't expect >40 pip move from here to hit 1.3340's

once you get the Asian session even then the usual range is 20-60 pips so most likely a consolidation range will playout along the daily open.
AVT INVENIAM VIAM AVT FACIAM
  • #617,910
  • Mar 29, 2012 3:20pm Mar 29, 2012 3:20pm
Quoting pkimnyc
Lmfao... Counted how many pips slipped since your bears to feed bulls call?
Don't tell me bulls didn't get fucked over dude...
dont misunderstand me, i didnt say there is a bull signal i said there is indecision the price slipped on both long and short. if i throw myself in a trade in these conditions without stop loss you know what is going to happen, i will be fucked
When life gives you lemons, make lemonade
  • #617,911
  • Mar 29, 2012 3:22pm Mar 29, 2012 3:22pm
Quoting micho
dont misunderstand me, i didnt say there is a bull signal i said there is indecision the price slipped on both long and short. if i throw myself in a trade in these conditions without stop loss you know what is going to happen, i will be fucked
Oh sure....
  • #617,912
  • Mar 29, 2012 3:25pm Mar 29, 2012 3:25pm
Quoting pkimnyc
Oh sure....
come on man... lol you are acting like kids now... i have credibility and i dont lie... i only had 1 trade this week and it wasn't EURUSD
When life gives you lemons, make lemonade
  • #617,913
  • Mar 29, 2012 3:27pm Mar 29, 2012 3:27pm
Quoting micho
come on man... lol you are acting like kids now... i have credibility and i dont lie... i only had 1 trade this week and it wasn't EURUSD
Bears are only to feed bulls = not a bulls call.... Very logical. Have a nice day.
  • #617,914
  • Mar 29, 2012 3:28pm Mar 29, 2012 3:28pm
Quoting pkimnyc
Bears are only to feed bulls = not a bulls call.... Very logical. Have a nice day.
its up to you to understand it in your own way, i am not here to convince you
When life gives you lemons, make lemonade
  • #617,915
  • Mar 29, 2012 3:31pm Mar 29, 2012 3:31pm
Quoting the redlion
depends on your strategy but right now is 4:17 pm new york, 5:17 am tokyo, liquidity drops with wellington being the only major center, so i wouldn't expect >40 pip move from here to hit 1.3340's

once you get the Asian session even then the usual range is 20-60 pips so most likely a consolidation range will playout along the daily open.

Coo thanks man.
  • #617,916
  • Mar 29, 2012 3:35pm Mar 29, 2012 3:35pm
Quoting ForExtraPips
long @ 1.3271
tp @ 1.3305
Come on. Five more pips to go. You can do it.
Time turns trend. - W.D. Gann
  • #617,917
  • Edited 4:26pm Mar 29, 2012 3:37pm | Edited 4:26pm
Quoting KillerWhale
Funny,
Oanda has exactly 1.3300 as 50% Fib from the fall in the last 9 hours. (MT4 is a pip less or so)
So I've placed a long @ 1.3260 with target .................... 1.3300 of course.
We will get there probably in the next Asia session.
BINGO, first target 1.3300 reached and that's another 40 pips collected.
Now second target 1.3290
New voice message: Why are you calling me? If I need you, I'll call you!
  • #617,918
  • Edited 3:54pm Mar 29, 2012 3:52pm | Edited 3:54pm
I hope,it'll go to 1.3365....

Technically I se we are in smaller uptrend in big downtrend and I like shorts much more than longs...
  • #617,919
  • Mar 29, 2012 3:58pm Mar 29, 2012 3:58pm
Quoting micho
its up to you to understand it in your own way, i am not here to convince you
I don't need to understand it, and I'm glad you're not.
  • #617,920
  • Mar 29, 2012 4:00pm Mar 29, 2012 4:00pm
Quoting pkimnyc
I don't need to understand it, and I'm glad you're not.
you're acting hostile old man
When life gives you lemons, make lemonade
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