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  • #640,341
  • May 6, 2012 4:20pm May 6, 2012 4:20pm
Quoting navk
At my buy limit price they filled. The market opened at 1.3008

I closed at 1.3025 with a loss of around 40 pips.
excellent job. i'm really happy for you for the fact that you were actually able to cut your loss right away. 40 pips loss is nothing. i'm sure you will make it back at the next trade.
  • #640,342
  • May 6, 2012 4:21pm May 6, 2012 4:21pm
Quoting tonyo524
tonyo524 | May 3, 2012http://www.forexfactory.com/nfs/cust...tar61105_6.gifOk, back from suspension Woopee As long as I don't mention basketball I should be ok. Whoops did I just say that? Anyway. I have a target of 3115, and If 3100 broken, Longer term target is 3015-3025 mental sl though, I tend to not use those also. ...

Targets...
@tonyo524:

Congratulations again on your trade - cleaning up I see - well done again Sir.

Respectfully,
HDA
  • #640,343
  • May 6, 2012 4:21pm May 6, 2012 4:21pm
hi guys we are at a very strong support 1.3 . this is an area to look for longs to get to a decent resistance to sell . dont confuse matters
  • #640,344
  • May 6, 2012 4:24pm May 6, 2012 4:24pm
Quoting Piters
exactly my point.. chart posted earlier
@Piters:

Im glad you're here man to re-enforce my point.

Separate and apart - the solid proof is now reflected in his statement from the broker.

@motion: I know you mean well - but please if you are not sure about something - find out first.

Respectfully,
HDA
  • #640,345
  • May 6, 2012 4:25pm May 6, 2012 4:25pm
Quoting pkimnyc
excellent job. i'm really happy for you for the fact that you were actually able to cut your loss right away. 40 pips loss is nothing. i'm sure you will make it back at the next trade.
I had burnt my fingers enough in the past by not cutting losses quickly. Now if really buy trade opportunity exists, then I shall enter with another stop loss.
Intraday only.
  • #640,346
  • May 6, 2012 4:26pm May 6, 2012 4:26pm
Sorry to put it on you but whats your TP now HDA again many thanks in advance
  • #640,347
  • May 6, 2012 4:28pm May 6, 2012 4:28pm
Hey guys,

Just to say that i am:

LONG @1.30213 25 lots
TP1 @ 1.30800

Live results on my profile!

Cheers,

Saint
  • #640,348
  • May 6, 2012 4:28pm May 6, 2012 4:28pm
Quoting navk
I had burnt my fingers enough in the past by not cutting losses quickly. Now if really buy trade opportunity exists, then I shall enter with another stop loss.
wait for 1hr, and 4hr to line up. that should give you a buy opportunity.
  • #640,349
  • May 6, 2012 4:28pm May 6, 2012 4:28pm
Quoting Piters
if you look at the quote you posted,

you can see that EUR already has a high at 1.3115,

I HOPE.
AND HOPE ALSO 1,25 EUR CHF in the morning chf report ....
9:00am CHF
Foreign Currency Reserves
7:45am CHF
Unemployment Rate
  • #640,350
  • May 6, 2012 4:33pm May 6, 2012 4:33pm
Quoting navk
I had burnt my fingers enough in the past by not cutting losses quickly. Now if really buy trade opportunity exists, then I shall enter with another stop loss.
@navk:

If you're not trading with a SL you are saying to the market and your broker that hey, I dont care if I lose all this money - take it, take it, take it.

There are rules to setting stop losses, based on your entry into the market.

If you are not going to trade with a stop loss - then atleast have your brokers number on speed dial - to get you out of a trade - should

1. your internet go down
2. your mouse stops working
3. the brokers platform goes down

and the list goes on

SLs are to protect your account and for the just in case moments

Most traders dont like to trading with Sls because the broker can see it and widen the spread and take them out.

Respectfully,
HDA
  • #640,351
  • May 6, 2012 4:36pm May 6, 2012 4:36pm
1.30 level has been tested three times since January... will it break the 4th? These are my projections if it does, provided January lows give way too.

Attached Image (click to enlarge)
Click to Enlarge Name: eurousd_france.gif Size: 34 KB


2005 lows at 1.1640, which is also the 161.8% extension on EW3 of this downtrend.
  • #640,352
  • May 6, 2012 4:38pm May 6, 2012 4:38pm
Quoting HDA
@tonyo524:

Congratulations again on your trade - cleaning up I see - well done again Sir.

Respectfully,
HDA
Thanks HDA.Hope you had a good weekend. And an even better week.
All that is left in FF is just plain garbage. "Cloggie"
  • #640,353
  • May 6, 2012 4:38pm May 6, 2012 4:38pm
Quoting megajester
Sorry to put it on you but whats your TP now HDA again many thanks in advance
@megajester:

Whats your TP? I dont have one set at the moment - Im trailing this baby to see where she goes

Bids are lined up between 1.3000 and 1.2970 - lets see how much money the BULLS have

Respectfully,
HDA
  • #640,354
  • May 6, 2012 4:42pm May 6, 2012 4:42pm
Quoting doblece
1.30 level has been tested three times since January... will it break the 4th? These are my projections if it does, provided January lows give way too.

Attachment

2005 lows at 1.1640, which is also the 161.8% extension on EW3 of this downtrend.
An old strategy of mine. If it breaks, several hundred pips to come. No harm in going long from here to sacrifice few........................ It's not broken until it's broken.
The Thief of Wall Street
  • #640,355
  • May 6, 2012 4:42pm May 6, 2012 4:42pm
Quoting HDA
@megajester:

Whats your TP? I dont have one set at the moment - Im trailing this baby to see where she goes

Bids are lined up between 1.3000 and 1.2970 - lets see how much money the BULLS have

Respectfully,
HDA
Haha im a free loader just riding on the back of other traders expertise...usually just close trade when i fell like ive made enough money ...sorry not very sexy or technical but thats how i make the money
  • #640,356
  • May 6, 2012 4:42pm May 6, 2012 4:42pm
Quoting tonyo524
Thanks HDA.Hope you had a good weekend. And an even better week.
@tonyo524:

Yeah - I had a great weekend - thanks for asking - Im looking forward to this week alot - we should finally see the EUR taking its rightfully place Somewhere Down The Road - Barry Manilow

Respectfully,
HDA
Inserted Video
  • #640,357
  • May 6, 2012 4:45pm May 6, 2012 4:45pm
It is the human nature, or maybe bad programming that I see more contrarians then trend followers..

Be careful with your positions.. MY POINT:

1. Asia session - low liquidity...
2. not much clear picture.. after election results from French and Greek
3. control you itchy fingers. probably try your best with London Open.
4. Never.. ever TRUST barrier, S/R level or expect price to bounce from, not especially on Days like today.. we can Drop 50pips or more as we can bounce 50pips or more before London Opens..

stay COOL.. you DONT have to trade every candle..
  • #640,358
  • May 6, 2012 4:46pm May 6, 2012 4:46pm
Quoting Nick35
you wrong !
good for EURO!
MERKEL is alone now!
no more problem to start with EURO BOND !!
:-)
Lol! What did you say???

  • #640,359
  • May 6, 2012 4:49pm May 6, 2012 4:49pm
Quoting bagXpert
Lol! What did you say???

1,30
I will call you about 36 hours.....
1,33 ?

The key things to watch for over the next 24 hours will be:

  1. The stock market performance in Greece and France.
  2. The interest rate spread between Germany and Greece/France.
  3. Which coalition government can be formed in Greece?
  4. What does Hollande say on EU - the fiscal/growth pact. Will Merkel accept his call tonight?

  • #640,360
  • May 6, 2012 4:49pm May 6, 2012 4:49pm
Quoting Piters
It is the human nature, or maybe bad programming that I see more contrarians then trend followers..

Be careful with your positions.. MY POINT:

1. Asia session - low liquidity...
2. not much clear picture.. after election results from French and Greek
3. control you itchy fingers. probably try your best with London Open.
4. Never.. ever TRUST barrier, S/R level or expect price to bounce from, not especially on Days like today.. we can Drop 50pips or more as we can bounce 50pips or more before London Opens..

stay COOL.. you DONT have...
no london open tomorrow!
rat
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