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  • #618,041
  • Mar 29, 2012 8:46pm Mar 29, 2012 8:46pm
Quoting Hda
@eliabreu:

There's a reason for an 80 pip risk. I have to keep out of the WAVE of the market. Weve all been taught very specific things about the FOREX as it relates to risk reward. 1:1 or 1:1.5 or 1:2 etc etc

Guess What - The MARKET decides the REWARD not us We just need to determine what we are willing to RISK

Well mate, I'm from Indonesia.
I've followed you since yesterday.
And it's really inspiring what you've done here, really.
Legends stuff mate, class !

The fact that you're from Jamaica, make it more interesting.
No wonder you can wait 'till 3hrs without doing anything.
I'd bet you're high on weeds in 'that' time. LOL
I want to be like you mate, to be an unorthodox.
Lot of thanks from Indonesia, mate
  • #618,042
  • Mar 29, 2012 8:49pm Mar 29, 2012 8:49pm
No matter what happens - I cannot touch my first entry NO MATTER WHAT unitl 12 midnight when the market tells me what its going to do.

So the trading does the convincing, not talking and talking and talking.

60+62+72 = 194pips for today - No Losses for today.

Gonna Get some shut eye till 12 midnight

Take care every one
  • #618,043
  • Mar 29, 2012 8:53pm Mar 29, 2012 8:53pm
i am not fighting this strong move. i ll see what happens tomorrow. going to take a rest now.
  • #618,044
  • Mar 29, 2012 8:53pm Mar 29, 2012 8:53pm
Elway goes for 4.....tf15
  • #618,045
  • Mar 29, 2012 8:56pm Mar 29, 2012 8:56pm
i think i will forget about gpbusd and gold... i will watch eurjpy
When life gives you lemons, make lemonade
  • #618,046
  • Mar 29, 2012 8:58pm Mar 29, 2012 8:58pm
Yeah this thing will probably go stop hunting around 1.3380, but we are at a huge weekly resistance, hence the market has been pretty erratic these past few days. Either side is making last strides, and pushing hard in their direction.

I expected a final spike up, but if this stays above 1.3350 by tomorrow, I'll be long until the 1.35-36 region.

For now, I believe weekly resistance will hold.
  • #618,047
  • Mar 29, 2012 9:00pm Mar 29, 2012 9:00pm
today not only FRY day (Friday) but also monthly and quarter end expect the unexpected
Mohan
  • #618,048
  • Mar 29, 2012 9:01pm Mar 29, 2012 9:01pm
Quoting PaPIPchulo
Yeah this thing will probably go stop hunting around 1.3380, but we are at a huge weekly resistance, hence the market has been pretty erratic these past few days. Either side is making last strides, and pushing hard in their direction.

I expected a final spike up, but if this stays above 1.3350 by tomorrow, I'll be long until the 1.35-36 region.

For now, I believe weekly resistance will hold.
Yeah, kind of like the fake out, before the breakout.
Time turns trend. - W.D. Gann
  • #618,049
  • Mar 29, 2012 9:02pm Mar 29, 2012 9:02pm
Quoting KillerWhale
Bloomberg, nothing there either.

I have 2 entries, 13355 & 58. I don't want my sl to get hit so I have sl = 2.00
Nice R:R

I hate and love these types of trades. I am almost always right (love), but sometimes, the price hits my SL and reverses right away (hate) so no SL for me (only manual).

From now on, every time Asia makes a large move, I am going against it with no SL. In a way, it makes perfect sense. If the market makers want to collect the stops, they might as well fake out the market when there is least liquidity (easier to move the market). That is why when ever it happens, it is usually the start of a new trend.

Anyways, added to my short position at 1.3350.
  • #618,050
  • Mar 29, 2012 9:06pm Mar 29, 2012 9:06pm
Quoting mohan76
today not only FRY day (Friday) but also monthly and quarter end expect the unexpected
Thursday here 7:06 PM
New voice message: Why are you calling me? If I need you, I'll call you!
  • #618,051
  • Mar 29, 2012 9:07pm Mar 29, 2012 9:07pm
Quoting ForExtraPips
short @ 1.3302
tp @ 1.3278
What turned out to just be a scalp will now me my long term entry. I didn't expect that spike like that. That's what I get for jumping the gun. Live and learn. And I'm changing my tp @ 1.3174
Time turns trend. - W.D. Gann
  • #618,052
  • Mar 29, 2012 9:09pm Mar 29, 2012 9:09pm
Quoting Kowalczyk
Nice R:R
How do you know? My target is not even in there

So if I make my target like 1.10 or lower ........................

No I have no target yet, I'll just let it cook and see where we go.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #618,053
  • Mar 29, 2012 9:10pm Mar 29, 2012 9:10pm
Quoting KillerWhale
Thursday here 7:06 PM
Where are you from Arizona, New Mexico, Colorado maybe (or private)?

EDIT: My bad, wrong time zone. California is my bet.
  • #618,054
  • Mar 29, 2012 9:14pm Mar 29, 2012 9:14pm
Quoting ForExtraPips
What turned out to just be a scalp will now me my long term entry. I didn't expect that spike like that. That's what I get for jumping the gun. Live and learn. And I'm changing my tp @ 1.3174
Wow man,
I'm counting on you.. 1.3174 is a big jump...
I'll follow you after R2 reach at 1.3380.. but my tp only 1.3300 - 1.3275
  • #618,055
  • Mar 29, 2012 9:17pm Mar 29, 2012 9:17pm
Quoting Kowalczyk
Where are you from Arizona, New Mexico, Colorado maybe (or private)?
Beautiful San Diego CA.
That's why I hope Romney doesn't make it to president because his summer beach mansion is almost in my backyard.
Can you imagine his 16 car motorcade messing up our traffic when he comes from Miramar Military Airbase to La Jolla Shores?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #618,056
  • Edited 9:30pm Mar 29, 2012 9:19pm | Edited 9:30pm
Quoting KillerWhale
Beautiful San Diego.
That's why I hope Romney doesn't make it to president because his summer beach mansion is almost in my backyard.
Can you imagine his 12 car motorcade messing up our traffic when he comes from Miramar Military Airbase to La Jolla Shores?
An interesting reason for choosing a president indeed. Unless the economy crashes, he does not really stand a change anyways. Obama care is the same thing Romney put in place in MA several years ago. And the republicans did sort of screw themselves by pledging not to raise taxes. How can you lower the debt ceiling with out raising taxes??? But then again, a lot of people favor republicans now. It will be an interesting election.
  • #618,057
  • Mar 29, 2012 9:32pm Mar 29, 2012 9:32pm
Quoting KillerWhale
Thursday here 7:06 PM
i just had my Friday lunch , time 2 run to blood bank .
Mohan
  • #618,058
  • Mar 29, 2012 9:32pm Mar 29, 2012 9:32pm
Quoting ForExtraPips
What turned out to just be a scalp will now me my long term entry. I didn't expect that spike like that. That's what I get for jumping the gun. Live and learn. And I'm changing my tp @ 1.3174
why are you countertrend trading..it looks bullish dollar is wean across the board
  • #618,059
  • Mar 29, 2012 9:33pm Mar 29, 2012 9:33pm
Quoting Kowalczyk

......sometimes, the price hits my SL and reverses right away (hate) so no SL for me (only manual)........
You may like to try out 4 or 5 pip sl for a 80 to 100 pip move. It can reverse after hitting your sl only and only once.
The Thief of Wall Street
  • #618,060
  • Mar 29, 2012 9:36pm Mar 29, 2012 9:36pm
Alright, SL is at 1.3394. If that gets hit then I quit (not really). A similar pattern happened on the daily a couple of weeks ago (Feb 28th). It might be trying to do the same thing???. Time will tell.
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