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  • #647,801
  • May 25, 2012 9:45am May 25, 2012 9:45am
Quoting mohan76
looks pa going for 2480 , in protest i am heading to bed
LOL You sound like my kid (who never wants to sleep!)


Have a great weekend Mohan
  • #647,802
  • May 25, 2012 9:49am May 25, 2012 9:49am
1.25 up ahead coming down from 1.2537
  • #647,803
  • May 25, 2012 9:49am May 25, 2012 9:49am
Quoting mohan76
looks pa going for 2480 , in protest i am heading to bed
anyone going to bed while this tsunami is still not settle yet is headed for lots of pips loaded night mare...cheers
Imanuel Parsifal
  • #647,804
  • May 25, 2012 9:51am May 25, 2012 9:51am
Quoting sycho
anyone going to bed while this tsunami is still not settle yet is headed for lots of pips loaded night mare...cheers
i only do business with bull

i will back after 2 h nap
Mohan
  • #647,805
  • May 25, 2012 9:57am May 25, 2012 9:57am
Quoting sycho
the thing is not accepting turkey into the bloc..once in there and they start leaning on the euro econs power they soon loose there individual bouyancy,moreover they are scare about turkish policies,which can least be influenced from outside,and will affect the currency..lots of politics was involved...its only flaring up now because its blown right in there face and the Germans are tired of Family meetings...CHEERS
It will probably take few more decades for this world to understand everyone of us and every country is different and these differences are in fact the strengths not weaknesses. A perspon wearing mini skirt in Aghaninstan, a person wearing Burqa in France, a person praying in a US Mosque and a person going to a Church in Saudi Arabia should be viewed as a good sign if we really want to move forward. A democratic leader in Britain and military dictator in Pakistan can both be good. No nation ever accomplished great progress without a leader whether it be Thomas Jefferson of USA or Ramses the II of Egypt.

Turkey is good old friend of Germany and europe. By not accepting what this country is was their choice.
The Thief of Wall Street
  • #647,806
  • May 25, 2012 10:01am May 25, 2012 10:01am
Quoting Chicky
It will probably take few more decades for this world to understand everyone of us and every country is different and these differences are in fact the strengths not weaknesses. A perspon wearing mini skirt in Aghaninstan, a person wearing Burqa in France, a person praying in a US Mosque and a person going to a Church in Saudi Arabia should be viewed as a good sign if we really want to move forward. A democratic leader in Britain and military dictator in Pakistan can both be good. No nation ever accomplished great progress without a leader whether...
well said Chicky....

  • #647,807
  • May 25, 2012 10:04am May 25, 2012 10:04am
going to retest 1.2540 before more down
  • #647,808
  • May 25, 2012 10:04am May 25, 2012 10:04am

Quoting Chicky
It will probably take few more decades for this world to understand everyone of us and every country is different and these differences are in fact the strengths not weaknesses. A perspon wearing mini skirt in Aghaninstan, a person wearing Burqa in France, a person praying in a US Mosque and a person going to a Church in Saudi Arabia should be viewed as a good sign if we really want to move forward. A democratic leader in Britain and military dictator in Pakistan can both be good. No nation ever accomplished great progress without a leader whether...
failure is not an option.
  • #647,809
  • May 25, 2012 10:04am May 25, 2012 10:04am
Quoting Chicky
It will probably take few more decades for this world to understand everyone of us and every country is different and these differences are in fact the strengths not weaknesses. A perspon wearing mini skirt in Aghaninstan, a person wearing Burqa in France, a person praying in a US Mosque and a person going to a Church in Saudi Arabia should be viewed as a good sign if we really want to move forward. A democratic leader in Britain and military dictator in Pakistan can both be good. No nation ever accomplished great progress without a leader whether...
I don't wanna start religious chat - always end up wrong but as far as I know you would be stoned to death if you tryed to build a church in Saudi Arabia my friend. Turkey is in middle east that is different mindset and world view.
swing it!
  • #647,810
  • May 25, 2012 10:05am May 25, 2012 10:05am
Came back from dinner and drinks, saw that my short from 82 hit my TP at 00.

Only to realize it was technically driven mehhh.
  • #647,811
  • May 25, 2012 10:05am May 25, 2012 10:05am
Guys, there is a inverted hammer occurring on daily chart. Don't you think it is a sign of reversal? if it is then Monday will be bullish? Someone please explain me
Happy Trading!!!
  • #647,812
  • May 25, 2012 10:08am May 25, 2012 10:08am
Quoting FX_buddy
Guys, there is a inverted hammer occurring on daily chart. Don't you think it is a sign of reversal? if it is then Monday will be bullish? Someone please explain me
sometimes I do same thing as you - looking at daily in the middle of the day, it was a doji 2 hours ago now it is a hammer that is why looking at daily seems to make sense only by the end of NY session. Plus inverted hammer works best at daily high. In this case you wanna look at proper green hammer or a doji near support this would be your heads up moment.
swing it!
  • #647,813
  • May 25, 2012 10:10am May 25, 2012 10:10am
Quoting chicky
it will probably take few more decades for this world to understand everyone of us and every country is different and these differences are in fact the strengths not weaknesses. A perspon wearing mini skirt in aghaninstan, a person wearing burqa in france, a person praying in a us mosque and a person going to a church in saudi arabia should be viewed as a good sign if we really want to move forward. A democratic leader in britain and military dictator in pakistan can both be good. No nation ever accomplished great progress without a leader whether...
and its blown right in there face..just at the same time germany is being realistic on the matter saying lets call a spade a spade...while most of this western seem to fear anything they cant get a solid influence on that tends to act in its own way never stop baffling me....well let them eat the cake they bake..i cant see even one blind investor putting his money in favour of anything e/u..its just that bad..thank god for retail market..i can short them fry..cheers....
Imanuel Parsifal
  • #647,814
  • May 25, 2012 10:14am May 25, 2012 10:14am
Quoting Chicky
It is better to risk 25% of your account on 25 trades than a single trade.
You only risk more than 1% of your account when trading longer term with all fundamentals and price in your favor.
Well said. Plus, a new trader will never realize the emotional draw down having larger than 1% losses will have. I give myself two chances per day of 0.5% risk. If I lose two in a row, it's obviously not my day. But 1% loss is almost like not losing.

A 20% loss followed by 20% gain is a 4% net loss.
A 5% loss followed by a 5% gain is 0.25% net loss.
A 1% loss followed by a 1% gain is a 0.01% net loss.

This is the reason why you don't use leverage, UNLESS you are a VERY good trader and you don't ever have a big streak of losers.

I would say to even think about risking more than 1% on a trade, you should be winning at least 75% of all trades. Then and only the should you ever risk 2% or maybe 3%, and definitely not on every trade, only the ones you feel extremely confident about.

I bat about 0.700 win loss ration and my max risk exposure is still 0.5%-1.0% risk per trade.

Occasionally I will try to nail a spot with a 5 pip stop and 20x leverage (1% risk), but only if I am already up from the day. That is more of a gambling type trade, but if you get it right and it runs for 50 pips, you are looking at a 10% gain.
An opportunity lost is not a capital cost.
  • #647,815
  • Edited 10:15am May 25, 2012 10:15am | Edited 10:15am
Quoting FX_buddy
Guys, there is a inverted hammer occurring on daily chart. Don't you think it is a sign of reversal? if it is then Monday will be bullish? Someone please explain me
The closing today is very important, if its a bullish T, it may signify a reversal from here, if it ended like yesterday, a mini selling bar, there we are still looking for bottom.

On the daily chart, it is still oversold, i am looking for a retracement to at least 1.28 1.29, before trending down.

The greece drama will eventually end. and 1.26 sell limit looked dry already.

the buy stop above should move this up into 1.2668
  • #647,816
  • May 25, 2012 10:15am May 25, 2012 10:15am
Quoting tomspin
sometimes I do same thing as you - looking at daily in the middle of the day, it was a doji 2 hours ago now it is a hammer that is why looking at daily seems to make sense only by the end of NY session.


Yes, that's why I said occurring. If it is manage to close below 1.25000 by the end of NY session then it will be a inverted hammer. Right?
Happy Trading!!!
  • #647,817
  • May 25, 2012 10:15am May 25, 2012 10:15am
Quoting tomspin
I don't wanna start religious chat - always end up wrong but as far as I know you would be stoned to death if you tryed to build a church in Saudi Arabia my friend. Turkey is in middle east that is different mindset and world view.
Last time went I visited Turkey it was in Europe. Nobody spoke Arabic and
St. Sofia was just opposite Blue Mosque.
The Thief of Wall Street
  • #647,818
  • May 25, 2012 10:17am May 25, 2012 10:17am
At one point it was a controllable greece prefered to an uncontrollable turkey....now the controllable child has become uncontrol and wont even pay its debth nore abide by any terms of borrowing..not only that,its threating to take the whole house down.the father and mother (france and germany) are now sleeping in two different room...hmmm...more shorts pleas..cheers
Imanuel Parsifal
  • #647,819
  • May 25, 2012 10:17am May 25, 2012 10:17am
Quoting FX_buddy
Yes, that's why I said occurring. If it is manage to close below 1.25000 by the end of NY session then it will be a inverted hammer. Right?
I edited my post, go up I explained you basics
swing it!
  • #647,820
  • May 25, 2012 10:19am May 25, 2012 10:19am
Quoting 5percent
The closing today is very important, if its a bullish T, it may signify a reversal from here, if it ended like yesterday, a mini selling bar, there we are still looking for bottom.

On the daily chart, it is still oversold, i am looking for a retracement to at least 1.28 1.29, before trending down.

The greece drama will eventually end. and 1.26 sell limit looked dry already.

the buy stop above should move this up into 1.2668

Thanks for your reply! I still have a lot to learn.
Happy Trading!!!
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