Stocktwit: LuisCarlos - twitter: @lcparodi
- #34,322
- Jun 4, 2012 12:06pm Jun 4, 2012 12:06pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Merkel press conference in 8 min..
Those who say it cannot be done should not interrupt those who are doing it
- #34,323
- Jun 4, 2012 12:12pm Jun 4, 2012 12:12pm
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Oh no. That's not good. Every time she has a press conference, she causes turmoil in the markets. Buckle your seat belts. If she shows any sign of buckling at the knees over the ESM directly bailing out Spanish Banks, then we're in for a short covering on the Euro... which will probably be immediately faded... as usual.
Stocktwit: LuisCarlos - twitter: @lcparodi
- #34,324
- Jun 4, 2012 12:12pm Jun 4, 2012 12:12pm
Because I have many shorts built up since 1.4647 which I have already taken most of the profit from and allowing a fraction of the original lot size to ride.
My SL is at break even of the remaining trade volume. I do not plan of waiting until price reaches the SL to close them. I will close them when PA and sentiment tell me that we have a confirmed reversal. The SL is in place in case of a catastrophic event.
First post here and must say thank you for giving me the confidence..
Am actually thinking in the same line as i too have built up my positions from above
Just wana say hi and thanks for your and all the other traders valuable comments and analysis. Green pips to all and now back to sleep mode
- #34,325
- Jun 4, 2012 12:19pm Jun 4, 2012 12:19pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Hi PT,
First post here and must say thank you for giving me the confidence..
Am actually thinking in the same line as i too have built up my positions from above
Just wana say hi and thanks for your and all the other traders valuable comments and analysis. Green pips to all and now back to sleep mode
Those who say it cannot be done should not interrupt those who are doing it
- #34,326
- Jun 4, 2012 12:21pm Jun 4, 2012 12:21pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
She is talking about EU bank recapitalization
Those who say it cannot be done should not interrupt those who are doing it
- #34,327
- Jun 4, 2012 12:26pm Jun 4, 2012 12:26pm
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
i have closed all my long positions and net effect is 1.5% up on my equity..misses forced me to put limit orders by forcing me to take her out for shopping otherwise i might have gain more.but she is happy with the outcome and asking for some expensive gifts as she is claiming the credit but i protested about all the stress and work but she wont listen.
anyway party time and will take some rest and think about my next move
.misses forced me to put limit orders by forcing me to take her out for shopping otherwise i might have gain more.but she is happy with the outcome and asking for some expensive gifts as she is claiming the credit but i protested about all the stress and work but she wont listen.anyway party time and will take some rest and think about my next move Allah has permitted trade and has forbidden interest [koran]
- #34,328
- Jun 4, 2012 12:30pm Jun 4, 2012 12:30pm
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
Hey Sleepy. Thanks for your post. Do feel free to contribute. The more posters we get on here with sound reasoned out ideas, then the more you and the rest of us can learn, enjoy and profit.
Allah has permitted trade and has forbidden interest [koran]
- #34,329
- Jun 4, 2012 12:30pm Jun 4, 2012 12:30pm
- Joined Jan 2012 | Status: Gone | 1,570 Posts
Defending Truth, Capitalism and the US Constitution
- #34,330
- Jun 4, 2012 12:34pm Jun 4, 2012 12:34pm
- | Commercial User | Joined Jun 2009 | 5,468 Posts
i have closed all my long positions and net effect is 1.5% up on my equity.
Stocktwit: LuisCarlos - twitter: @lcparodi
- #34,331
- Jun 4, 2012 12:44pm Jun 4, 2012 12:44pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
i have closed all my long positions and net effect is 1.5% up on my equity.
Those who say it cannot be done should not interrupt those who are doing it
- #34,332
- Jun 4, 2012 12:45pm Jun 4, 2012 12:45pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
PT ur forgeting something,u didnt remind him to read page one
Those who say it cannot be done should not interrupt those who are doing it
- #34,333
- Jun 4, 2012 12:45pm Jun 4, 2012 12:45pm
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
Great job Doc.
Allah has permitted trade and has forbidden interest [koran]
- #34,334
- Jun 4, 2012 1:17pm Jun 4, 2012 1:17pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #34,336
- Jun 4, 2012 1:31pm Jun 4, 2012 1:31pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
I play Europe card too - every time when my girlfriend asks when I'll get a job
Those who say it cannot be done should not interrupt those who are doing it
- #34,337
- Jun 4, 2012 1:32pm Jun 4, 2012 1:32pm
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
The Misses is a wise woman.
.PT may i ask u what is ur monthly target in percentage terms and how often u take position in a month.how much is ur risk appetite normally? is that appetitie depend on market condition or fixed? and what time frame u like to take positions? what leverage u like to use?
Allah has permitted trade and has forbidden interest [koran]
- #34,338
- Jun 4, 2012 1:37pm Jun 4, 2012 1:37pm
- Joined Jan 2012 | Status: Gone | 1,570 Posts
Defending Truth, Capitalism and the US Constitution
- #34,339
- Jun 4, 2012 1:55pm Jun 4, 2012 1:55pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
ur right,she is a wonderful mother of my two kids
I don't have a specific target. I take what the market gives me. I am a conservative position trader so if I achieve an average annual return of 100% to 150% on a sustained basis, I am happy.
My risk appetite in low. I enter when all the arrows are pointing in one direction. I prefer to be out of the market than to chase pips. I suppose you can say that I stalk my pips like a sniper. That's why I'm called PipTrapper.
My favorite time frames for trend determination and wave pattern analysis are H4 and above. Once all is lined up the way I like it, I look to the smaller time frames (H1 and below) for more precise entry
My max leverage that I will ever use at any one time is 10:1 but that is rare. I prefer to keep my leverage between 2:1 and 3:1 for floating trades. I boost to anywhere between 5:1 and 10:1 depending on market conditions for a short time and then take partial profit thereby reducing my leverage back to or below 3:1, and let the rest ride. I also take small bites at a time. Since I sell rallies on down trends and buy dips on up trends, there will be times when you pick the wrong rise or dip. So I prefer to scale in with more once I confirm that I picked the rise or dip properly.
Hope that answers your questions.
Those who say it cannot be done should not interrupt those who are doing it
- #34,340
- Jun 4, 2012 2:00pm Jun 4, 2012 2:00pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it