any one what euro doing , 4h candles building puzzle game,
Mohan 
- #648,681
- May 28, 2012 10:49pm May 28, 2012 10:49pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #648,684
- May 28, 2012 10:56pm May 28, 2012 10:56pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
I can't argue with short being a solid choice over the last few weeks... but I don't think you can say the opposite about taking a long trade in general.
It really depends on ones method, the timeframes one is concentrating on, the target, and how one manages the trade / reduces risk on trades.
For example, I had 5 entries on eur/usd last week. All winners... and 4 of the 5 were long trades.
I don't think I even made 50 pips on any single one of them
but I had lots of 15-40 pip exits (i scale out, so some entries may result in 3-4 exits)...
But over all forex is about reducing risk, do whatever can do to reduce risk, I have posted each good support r/r has been long, and accordingly squeeze stops, micromanage trailing etc etc, once supports broken train back on track, back into hunting mode,
Has been to many standing in front otf train with numerous knives sticking out skull screaming long kaaaathunk.
I just suggesting ,sometimes is wiser to just sit on hands and wait optimum opportunity, is no need to be always in a trade, also I not suggesting to short here, sellers should also be sitting on hands,
trade safe trade smart
If you are new to Forex? Say Goodbye to your account!!
- #648,685
- May 28, 2012 10:56pm May 28, 2012 10:56pm
- Joined Dec 2011 | Status: Trader | 4,013 Posts
any one what euro doing , 4h candles building puzzle game,
...not touching this pair...mean while trading other pairs
- #648,686
- May 28, 2012 10:58pm May 28, 2012 10:58pm
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
- #648,687
- May 28, 2012 11:03pm May 28, 2012 11:03pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
any one what euro doing , 4h candles building puzzle game,
hello bro
I not suggest sell or buy, rr/ is long, however there may be a little opportunity to defend 2541, if zoom into 15min, her is building neat little rising channel if vertical now would coincide 2541, it might be worth micro, to test you rusty old sell button, once again is selling support hahahha is getting a scatched record by now
If you are new to Forex? Say Goodbye to your account!!
- #648,688
- May 28, 2012 11:03pm May 28, 2012 11:03pm
- Joined Nov 2010 | Status: Go with PA | 4,222 Posts
- #648,690
- May 28, 2012 11:08pm May 28, 2012 11:08pm
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
I'm not sure, but I think you're too quick... But hope greenpips with you...
I'll be waiting on 1.2554 to go short... (piv)
pending short again at 1.2600 (R1)
ya too early in my books as well. i have pending short @1.2560.
- #648,691
- May 28, 2012 11:12pm May 28, 2012 11:12pm
- Joined Aug 2010 | Status: Trader | 3,185 Posts
why 1.2560? I do not see the significance.......but I am not that smart.......
I don't trust any move - when you have profit...take it.
- #648,692
- May 28, 2012 11:16pm May 28, 2012 11:16pm
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
- #648,693
- May 28, 2012 11:23pm May 28, 2012 11:23pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
hello bro
I not suggest sell or buy, rr/ is long, however there may be a little opportunity to defend 2541, if zoom into 15min, her is building neat little rising channel if vertical now would coincide 2541, it might be worth micro, to test you rusty old sell button, once again is selling support hahahha is getting a scatched record by now
Mohan
- #648,694
- May 28, 2012 11:26pm May 28, 2012 11:26pm
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
nope I agree everything you saying, scalping against trend etc etc, heck I do the same thing, just broad statement going long hurts my ears, if keep hearing it, while watching pa drop, also agreed many different trade styles, everyone if work has merit.
But over all forex is about reducing risk, do whatever can do to reduce risk, I have posted each good support r/r has been long, and accordingly squeeze stops, micromanage trailing etc etc, once supports broken train back on track, back into hunting mode,
Has been to many standing in front otf...
X
- #648,696
- May 28, 2012 11:50pm May 28, 2012 11:50pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
- #648,698
- May 29, 2012 12:00am May 29, 2012 12:00am
- | Joined Jul 2011 | Status: Jesus is the way. | 1,450 Posts
yup long is r/r especially now gap closed, all buyers who squirt her up from last fridays close is still as can be expected, how high this time is the question,
For 4 weeks I have listen to all sorts of analysis for long, 4 going 5 weeks, long long long blah blah blah, reality is she benn going down down down down, wtf,
The number of people on this thread, been catching knives, all this time, and even now, long long long fuk long,
every litlle bounce, out is come ohhh is going be a skyrocket 1.300 1.400 1.500,
is now 2533, is bounced as should...
There's no point in catching falling knives. But people like to be brave. Something remains a fact:Those who sell rallies in a bear market will only be wrong once, and when they're wrong, they'll know to start buying dips in a bull market. For those who prefer buying dips in a bear market...
...All said and done.
1.2559/2562 is a nice short try.
Don't just beat the markets, leave bruises.