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  • #678,421
  • Aug 10, 2012 5:00am Aug 10, 2012 5:00am
Quoting Mike8
Be careful today...
market is again directionless ,gu move confused ,au 4h also confusing,eu moving up now...
Sometimes it's better to be wrong,to learn..
  • #678,422
  • Aug 10, 2012 5:00am Aug 10, 2012 5:00am
Quoting darodi
From my view 1hr candle is a hammer.... Donīt know if i am right i am just a novice
thats looking a lot like a hammer to me too. pro's chime in
  • #678,423
  • Aug 10, 2012 5:01am Aug 10, 2012 5:01am
Quoting cat
Another $500 loss is likely to demoralise him even more than a few sensible words.
I think he should be demoralised. At least it will teach him what NOT to do next time he attempts trading fx
  • #678,424
  • Aug 10, 2012 5:02am Aug 10, 2012 5:02am
Indeed, possible reversal here, may retest 83 again...

1m may form inverse head and shoulders, 15m morning star and no lower lows, double bottom
Be hopeful in a winning position, and fearful in a losing position.
  • #678,425
  • Aug 10, 2012 5:03am Aug 10, 2012 5:03am
Quoting Rag2RichesFX
Indeed, possible reversal here, may retest 83 again...
agree
  • #678,426
  • Aug 10, 2012 5:05am Aug 10, 2012 5:05am
Quoting darodi
agree
Also by now the 61-70 channel isn't much comfortable, entered twice and left quickly.
  • #678,427
  • Aug 10, 2012 5:07am Aug 10, 2012 5:07am
Quoting cat
Another $500 loss is likely to demoralise him even more than a few sensible words.
If its a lot for a retail trader is becouse you are gambling.
If you have a small account and lose 500$ is becouse your money management sucks...
You should trade microlots...
  • #678,428
  • Aug 10, 2012 5:07am Aug 10, 2012 5:07am
Quoting KiNgEdwarD
market is again directionless ,gu move confused ,au 4h also confusing,eu moving up now...
Yes, more awareness is needed, she is ready to dance, she will not offer herself to whoever is around, she is in one of her mood, only the fittest will come close to feel her pulse.
"Men who can both be right and sit tight are uncommon."
  • #678,429
  • Aug 10, 2012 5:11am Aug 10, 2012 5:11am
Gotta do some workout, need to channel energy into something else.

Next hour close is BST 4hr close. Maybe that brings something then.
They think they are smarter than I am.
  • #678,430
  • Aug 10, 2012 5:15am Aug 10, 2012 5:15am
Quoting KiNgEdwarD
market is again directionless ,gu move confused ,au 4h also confusing,eu moving up now...
Learn about trading hours and market hours mate.

EU is up from it's bids level, with many shorts on top of it. It's ranging there, or consolidating until breakout/fake out. Indices/gold retreating to support area too.

AU already made a big run today in a thin market, it's pressure with shorts on top as well, and bounce off it's bid at 15000. Consolidate towards US session.

There's nothing much from data, fundamental news also are limited, summer also thin volume.

Europeans off for brunch? it's a scalping market until someone crack the wall of either side. Hopefully, not another EZ's leader mouth.
  • #678,431
  • Aug 10, 2012 5:16am Aug 10, 2012 5:16am
Quoting FXSwissTrader
Rumors of a triple R(reserve require ratio) cut within the next hour from China. Stocks futures are seen as benefiting from such a cut. Could spill over into FX market.
Rumor
Be hopeful in a winning position, and fearful in a losing position.
  • #678,432
  • Aug 10, 2012 5:17am Aug 10, 2012 5:17am
Quoting ramy85
I have been kissed by Sl. i have lost $ 500 in this trade
now i'm short 1.2273 ,tp 1.1970 sl. 1.2283
fatal trade i'm gonne use all my margin in this trade to compensate the loss.

Listen up chap and learn this well.........

Leverage means nothing..... it only comes into play because retail traders don't now how to or simply can't control their risk.....

ALL successful traders control their risk - period no exceptions.

As a newbie start with using only 1% of your capital being risked per trade. To do this you must calulate your stop size in your base currency and divide that into 1% of your capital - then you can work out what size position to take.

If you lose 10% per trade for 5 trades you will have to increase our account by 100% just to get even......

If you lose 1% for 5 trades you only need to increase your account by 1/19th to get even....

It's all about the risk - control that and leverage will play no part

nothing wrong with using brokers money to trade if you control risk.
  • #678,433
  • Aug 10, 2012 5:19am Aug 10, 2012 5:19am
So... boring..
Be hopeful in a winning position, and fearful in a losing position.
  • #678,434
  • Aug 10, 2012 5:27am Aug 10, 2012 5:27am
Quoting Rag2RichesFX
So... boring..
The market loves being boring - it's one of it's most successful strategies!
  • #678,435
  • Aug 10, 2012 5:29am Aug 10, 2012 5:29am
my opinion till afternoon to 22 area
Attached Image (click to enlarge)
Click to Enlarge Name: eu.JPG Size: 200 KB
Anything is math!
  • #678,436
  • Aug 10, 2012 5:30am Aug 10, 2012 5:30am
Quoting cat
The market loves being boring - it's one of it's most successful strategies!
If market wasn't boring I wouldn't be posting here, so I guess I should be thankful?

I prefer market when every 1m candle is 5-10 pips in length
Be hopeful in a winning position, and fearful in a losing position.
  • #678,437
  • Aug 10, 2012 5:32am Aug 10, 2012 5:32am
Quoting MaxDoom
Listen up chap and learn this well.........

Leverage means nothing..... it only comes into play because retail traders don't now how to or simply can't control their risk.....

ALL successful traders control their risk - period no exceptions.

As a newbie start with using only 1% of your capital being risked per trade. To do this you must calulate your stop size in your base currency and divide that into 1% of your capital - then you can work out what size position to take.

If you lose 10% per trade for 5 trades you will have to increase our...
well said from an experienced and skilled trader
Be hopeful in a winning position, and fearful in a losing position.
  • #678,438
  • Aug 10, 2012 5:33am Aug 10, 2012 5:33am
Quoting Rag2RichesFX
If market wasn't boring I wouldn't be posting here, so I guess I should be thankful?

I prefer market when every 1m candle is 5-10 pips in length
So try gold. 100 pips are nothing for the gold. Well, not now.
  • #678,439
  • Aug 10, 2012 5:38am Aug 10, 2012 5:38am
Quoting darodi
From my view 1hr candle is a hammer.... Donīt know if i am right i am just a novice
Your right but it was a hammer but the trend is against this candlestick , i see a down movement
, it should release the overbought condition from daily timeframe
  • #678,440
  • Aug 10, 2012 5:42am Aug 10, 2012 5:42am
Quoting Rag2RichesFX
Rumor
if announced, will be done later, now seems a bit late
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