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EURUSD

  • #655,021
  • Jun 11, 2012 9:51am Jun 11, 2012 9:51am
Quoting Trader8888
is it dangerous to short now?
Absolutely no!
Europe is not in good waters
  • #655,022
  • Jun 11, 2012 9:51am Jun 11, 2012 9:51am
Quoting Trader8888
I feel terrible to have missed such a huge drop of the EUR.
markets give u chance everyday. you have to take it. tomorrow may be your day.
  • #655,023
  • Jun 11, 2012 9:52am Jun 11, 2012 9:52am
Quoting Trader8888
I feel terrible to have missed such a huge drop of the EUR.
Don't. There is ALWAYS another move...
Not on the rug!
  • #655,024
  • Jun 11, 2012 9:52am Jun 11, 2012 9:52am
the last 20 pips was quick and I mean quick.
  • #655,025
  • Jun 11, 2012 9:53am Jun 11, 2012 9:53am
when is the next support level?
  • #655,026
  • Jun 11, 2012 9:53am Jun 11, 2012 9:53am
Quoting tomspin
Congrats classy as usual, enjoy your evening
thank you my friend chat to you tomorrow
Trade What You See Not What You Want To See
  • #655,027
  • Jun 11, 2012 9:55am Jun 11, 2012 9:55am
Quoting PooOnTheRug
Don't. There is ALWAYS another move...
Thanks,I feel terrible because i opened a short position yesterday at 12644 but with a very tight SL.

Do you believe that I could catch some pips if I short now ?
  • #655,028
  • Jun 11, 2012 9:55am Jun 11, 2012 9:55am
Quoting PT-onyfx
for me, now, is definitely the way down ... I'll be wrong?
I was not wrong ... We can also test today 1.24xxx
"Nothing is so useful to man, as the resolution without hurry". Henry Ford
  • #655,029
  • Jun 11, 2012 9:55am Jun 11, 2012 9:55am
Quoting Nachiket
I really fear for you. Your overconfidence will kill you one day and blow your account huge.
i am not making predictions for weeks or days. just wait and see. thx for your concern 4 me. but i think i can survive to this day
IT'S ALL ,,,, Only money in the bank count
  • #655,030
  • Jun 11, 2012 9:57am Jun 11, 2012 9:57am
Quoting Trader8888
Thanks,I feel terrible because i opened a short position yesterday at 12644 but with a very tight SL.

Do you believe that I could catch some pips if I short now ?

Sorry, I don't give advice to others on where to buy/sell, watch the PA and make that choice for yourself. Following the say so of random people on the forum is a sure way to break your account.

edit:

Also, look at the Vouched ratings of the posters on here. I would add more weight behind those with a higher rating But you should still decide for yourself.
Not on the rug!
  • #655,031
  • Jun 11, 2012 9:58am Jun 11, 2012 9:58am
Bounced off the pivot
  • #655,032
  • Jun 11, 2012 9:58am Jun 11, 2012 9:58am
sell@ 1.2511 target 1.2502

my pivot Fibonacci1.24751.24951.2508 (hourly)
  • #655,033
  • Jun 11, 2012 9:58am Jun 11, 2012 9:58am
Quoting PooOnTheRug
Sorry, I don't give advice to others on where to buy/sell, watch the PA and make that choice for yourself. Following the say so of random people on the forum is a sure way to break your account.
good advice
Trade What You See Not What You Want To See
  • #655,034
  • Jun 11, 2012 10:01am Jun 11, 2012 10:01am
Quoting MaxDoom

So probability for me suggests that we are currently on B of the ABC and I would expect that to be contained under 1.26 for a push lower towards 1.243x.

My game plan therefore is as follows:

1. a break of the high 1.266x invalidates the correction and the move up from 1.228x continues.

2. a turn (preferably below 1.26) to test lower targeting 1.248x then 1.243x. I would sell the turn or a break below the current todays low.

I laid this trade on a plate for you
  • #655,035
  • Jun 11, 2012 10:03am Jun 11, 2012 10:03am
Quoting Trader8888
Thanks,I feel terrible because i opened a short position yesterday at 12644 but with a very tight SL.

Do you believe that I could catch some pips if I short now ?
sure you could but is that your trading plan? if it is do it... you have to hold it. im out for the night. i sense more bear but there are a lot of resistance levels
  • #655,036
  • Jun 11, 2012 10:04am Jun 11, 2012 10:04am
where are all the heroes from last night saying that at least 127 then 128 today. lol
  • #655,037
  • Jun 11, 2012 10:05am Jun 11, 2012 10:05am
Quoting pipsallday
good advice
Agree, from what he wrote, that is the most legit. That vouch part I, to some extent, disagree.
  • #655,038
  • Jun 11, 2012 10:05am Jun 11, 2012 10:05am
Quote
That vouch part I, to some extent, disagree.

Me too..
How to opt out annoying user signatures ??
  • #655,039
  • Jun 11, 2012 10:06am Jun 11, 2012 10:06am
Didn't have to close my shorts from 1.2633 at 1.12647.. hmm.. could take more.. Anyway.. have 3 shorts from yesterday..... This week I think we will see 1.22
  • #655,040
  • Jun 11, 2012 10:06am Jun 11, 2012 10:06am
Quoting Trader8888
Thanks,I feel terrible because i opened a short position yesterday at 12644 but with a very tight SL.

Do you believe that I could catch some pips if I short now ?

Just to add to this. Don't let getting stopped out, stop you out of the whole trade. Watch the PA and look to re-enter if you are still sure of your trade. Everyone gets stopped out - Consider it the cost of doing business.

You can't run a shop without lights, premises etc.. (stuff that costs)The idea with that analogy is to make more money from your shop than it costs to keep it running. Trading is no different. There is a business cost to trading, just make sure your net profit is positive.

However, Just be open the idea that you are wrong about the trade, and don't keep re-entering against the move. This is where your fundamentals and technicals come in, deciding what is just noise, and what is a valid reversal.
Not on the rug!
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