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  • #671,341
  • Jul 24, 2012 11:51am Jul 24, 2012 11:51am
Quoting divak
That's a view. Others have different strategies/opinions.
Even you keep trying picking a bottom and get wrong, it doesnt matter as long as u keep a conservative money management. If so you can hold a position long enough for it to recover to where u wanted.
LOL, moneymangagement will not save your account if your overall method is fail, you'll just lose it slower at best. At worst, you'll have no sl and let it go to margin call, like some bottom pickers in here do.

"others have different stratiegies/views." ....if their strategy includes trying to pick the bottom they are phucked. Professional traders and hedge funds and banks with billions of dollars and complicated algorythmic programs can't pick the top/bottom, any trader that thinks he's going to consistently is a fukwit.
  • #671,342
  • Jul 24, 2012 11:51am Jul 24, 2012 11:51am
http://img689.imageshack.us/img689/284/test05z.gif

I will Buy in there..
AM Signal Provider
  • #671,343
  • Jul 24, 2012 11:51am Jul 24, 2012 11:51am
Quoting duyk20
But people love to have a long position that is right at the bottom to show off to everyone... Well, after so many attempts though







Well stop that now ...

And curb your foolish tongue a little ...

At the moment you never have had anything to provide ...

###

You start to get a little bit impertinent now ...

In case you haven't anything to say as almost always ...

Then leave this Forum ...





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #671,344
  • Jul 24, 2012 11:54am Jul 24, 2012 11:54am
Quoting KumoDragon
LOL, moneymangagement will not save your account if your overall method is fail, you'll just lose it slower at best. At worst, you'll have no sl and let it go to margin call, like some bottom pickers in here do.

"others have different stratiegies/views." ....if their strategy includes trying to pick the bottom they are phucked. Professional traders and hedge funds and banks with billions of dollars and complicated algorythmic programs can't pick the top/bottom, any trader that thinks he's going to consistently is a fukwit.
u r the one who started that bottom picking thing - my style of trading has nothing to with anything else than probabilities - and yes MM can't save one only - there's to b something in addition to it too
  • #671,345
  • Jul 24, 2012 11:57am Jul 24, 2012 11:57am
if PA continues like this for some moar - i really do consider getting long even bigger
  • #671,346
  • Jul 24, 2012 11:57am Jul 24, 2012 11:57am
Quoting hamad00
I dont think today it will break 1.2000 the most significant support


few people would be interested in going short around this level
LOL look at the weekly EU chart. EU has been breaking through resistance below it and taking out stops. It has one last point of resistance about 150 pips below. Below that resistance price went 350 pips even lower.

It may take some time and some zig zagging to get there, but there is plenty of money eyeing thos price points. No reason it can't drop, and I'll wager ( I am because I'm short EU and up 180 pips presently) that plenty of people are interested in going short here or least waiting for a retrace to go short.
  • #671,347
  • Jul 24, 2012 11:59am Jul 24, 2012 11:59am
Quoting 853efx
if PA continues like this for some moar - i really do consider getting long even bigger
have a look at H4 - what does it tell u? comments r well appreciated...
  • #671,348
  • Jul 24, 2012 11:59am Jul 24, 2012 11:59am
Quoting Paulenok
First station at 1.20000....
Hello, I have just closed that short. Am looking for some bounce from here and hopefully we can get a better price for this cute to go down
  • #671,349
  • Jul 24, 2012 12:01pm Jul 24, 2012 12:01pm
Quoting KumoDragon
LOL look at the weekly EU chart. EU has been breaking through resistance below it and taking out stops. It has one last point of resistance about 150 pips below. Below that resistance price went 350 pips even lower.

It may take some time and some zig zagging to get there, but there is plenty of money eyeing thos price points. No reason it can't drop, and I'll wager ( I am because I'm short EU and up 180 pips presently) that plenty of people are interested in going short here or least waiting for a retrace to go short.
It's nice to go short, and keep it going lower. But at some point, people will think also abt what they are buying. US data is not much better to whats happening in Europe, as well people wont concentrate all their assets in USD. At some point, soon IMO people are going to shop for the bargain.
EU has showed already it wont let the EZ breakup, this is just a dream... The ECB will print whatever needed to make it not happen, as It has shown already to be more flexible than thought.
  • #671,350
  • Jul 24, 2012 12:03pm Jul 24, 2012 12:03pm
Quoting hamad00
I dont think today it will break 1.2000 the most significant support


few people would be interested in going short around this level
Market don't have a limit / border
  • #671,351
  • Jul 24, 2012 12:08pm Jul 24, 2012 12:08pm
Quoting siforex
Market don't have a limit / border
pizzatime =)) and some beautiful wine with it...off i am
  • #671,352
  • Jul 24, 2012 12:08pm Jul 24, 2012 12:08pm
Quoting 853efx
pizzatime =)) and some beautiful wine with it...off i am
i didn't mean to quote, lol
  • #671,353
  • Jul 24, 2012 12:13pm Jul 24, 2012 12:13pm
Greed and fear are too powerful emotions , but fear is the more stronger. People will rush cashing their profit off the table saying " I can't take it anymore". Also, April 2010 was near the Global financial Crisis and the beginning of the Greek one .

Certainly, the political sphere that covers the Euro is not the same today - especially with a right wing government in Greece that willing to do what it take to stay at the Euro zone.

I hope people can get a bit informed about the political surrounding , since they trade currencies - countries in other word.
"It's the Margin, Stupid."
  • #671,354
  • Jul 24, 2012 12:25pm Jul 24, 2012 12:25pm
Quoting Vachus
Greed and fear are too powerful emotions , but fear is the more stronger. People will rush cashing their profit off the table saying " I can't take it anymore". Also, April 2010 was near the Global financial Crisis and the beginning of the Greek one .

Certainly, the political sphere that covers the Euro is not the same today - especially with a right wing government in Greece that willing to do what it take to stay at the Euro zone.

I hope people can get a bit informed about the political surrounding , since they trade currencies - countries...
Agree with the knowing the politics. But I don't think it is easy to learn, unless someone wants to help teach it. *hint* *hint*
Luck has no place in trading. Leave that for the poker table.
  • #671,355
  • Jul 24, 2012 12:26pm Jul 24, 2012 12:26pm
Quoting tomspin
I love your charts mate! I have no idea how you can read them but I will print & frame them and place on me wall, if anybody ask I'll say "it's modern art mate, anonymous author probably next banksy"
Now more readable аre my graphics? I know that you appear only to laugh. But when you do not understand something, you better not laugh. Try to understand it.


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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #671,356
  • Jul 24, 2012 12:39pm Jul 24, 2012 12:39pm
Just got sent a video i should watch.... look at the views, Is that a sign? i don't believe in such things, funny nonetheless

( if anyone is interested in watching it: youtube.com/watch?v=dyNekAJ6rA8 Didn't watch myself yet, but looks good )
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  • #671,357
  • Jul 24, 2012 12:40pm Jul 24, 2012 12:40pm
Quoting Dagobert
Just got sent a video i should watch.... look at the views, Is that a sign? i don't believe in such things, funny nonetheless

( if anyone is interested in watching it: youtube.com/watch?v=dyNekAJ6rA8 Didn't watch myself yet, but looks good )
Inserted Video
  • #671,358
  • Jul 24, 2012 12:44pm Jul 24, 2012 12:44pm
I think the interest rate cut along with Spain and Greece issues pretty much killed Euro. I don't expect it to bounce over 500 pips unless something significant comes out. It will continue to go down with a couple of minor retrace (150-200pips at most). I even think it can reach below 1.10 by the end of this year if nothing changes on fundie
  • #671,359
  • Jul 24, 2012 12:52pm Jul 24, 2012 12:52pm
I'll buy Mercedes Benz or BMW, because they are getting cheap
  • #671,360
  • Jul 24, 2012 12:52pm Jul 24, 2012 12:52pm
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