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  • #678,741
  • Aug 10, 2012 8:20am Aug 10, 2012 8:20am
looks like a bounce...but on another note the the pair touched resistance @1.2315
  • #678,742
  • Aug 10, 2012 8:21am Aug 10, 2012 8:21am
Quoting SunTrader
Why did you quote me, especially with dropping the f-bomb.

Save it for teaching the kids on the street. Oh that's right they learn it on the net.
LOLz sorry, was refering to the guy promoting his forex blog or whatever he is spamming about. Didn't feel like paging back to find his post.
  • #678,743
  • Aug 10, 2012 8:21am Aug 10, 2012 8:21am
Can some one advise how much margin should i use and sl , profit taking should i employ under such situations ?
  • #678,744
  • Aug 10, 2012 8:21am Aug 10, 2012 8:21am
Quoting MaxDoom
the Fix that you refer to at 3pm GMT ie: 9 minutes ago is actually the metals
ok thanks max , note taken
Mohan
  • #678,745
  • Aug 10, 2012 8:23am Aug 10, 2012 8:23am
Only thing that made this a good day was closing shorts in the 60s right before the squeeze.

I wanted to get offline right before then too, luckily I did not.

Here is todays results.

Really getting offline now as I am 100% flat. Lots of good scalping opportunities still but I am too tired to keep going

Could be a big bull trap, my guess is we end the week around 2287 though.
Attached Image (click to enlarge)
Click to Enlarge Name: 8-10-2012.jpg Size: 18 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #678,746
  • Aug 10, 2012 8:23am Aug 10, 2012 8:23am
Quoting Vachus
Do you have any post to support this super knowledge of yours , 410 is a key supporting level - the 650 actually failed ...

I don't know where the hell you got 650 from ? if you said 590 , 520 or even 490 i would have understand

look at the 4 hour there is only a wick below 60 - might be what Tom means
  • #678,747
  • Aug 10, 2012 8:23am Aug 10, 2012 8:23am
Quoting fxkiller
WTF again on CABLE !!!

This pair have participated in Olympics and thats why this is going up and down with nosense...!
not really it's pure technical move check 1h chart , it's moving between upper and lower rising trend line , shoot up, then come down slowly
Mohan
  • #678,748
  • Aug 10, 2012 8:24am Aug 10, 2012 8:24am
Quoting tankokjian
Can some one advise how much margin should i use and sl , profit taking should i employ under such situations ?
50% Of your margin should be used for one open trade and one open trade only. stop lose has to be located in the area where you know, if price reach it - it won't come back !

My stop lose today was actually 23600 from an entry at ( 950 , 750 ) some people i bet here have a stop lose at 24500. But this long term trading , and if he is really good
"It's the Margin, Stupid."
  • #678,749
  • Aug 10, 2012 8:25am Aug 10, 2012 8:25am
Quoting tankokjian
Can some one advise how much margin should i use and sl , profit taking should i employ under such situations ?
look at this post

http://www.forexfactory.com/showthre...43#post5919543

as for SL size depends on your trade plan
  • #678,750
  • Aug 10, 2012 8:25am Aug 10, 2012 8:25am
BULLS COMING AGAIN
  • #678,751
  • Aug 10, 2012 8:26am Aug 10, 2012 8:26am
Quoting Vachus
to retest the daily high ? i completely agree
Don't know for sure, I just see it's trying to find support around here..
  • #678,752
  • Aug 10, 2012 8:27am Aug 10, 2012 8:27am
Quoting tankokjian
Can some one advise how much margin should i use and sl , profit taking should i employ under such situations ?
MERDEKA!
If there was easy money lying around,no one would be forcing it into your
  • #678,753
  • Aug 10, 2012 8:27am Aug 10, 2012 8:27am
Fridays is traders who lost during the week.
es hit resistance 1400 and she is dropping now.

I know darn well a lot of traders short ES rally. Other say it doesn't make sense of this rally NY should do some fireworks today
  • #678,754
  • Aug 10, 2012 8:27am Aug 10, 2012 8:27am
Quoting attila
Don't know for sure, I just see it's trying to find support around here..

should be around 83 if it is going to hold no?
  • #678,755
  • Aug 10, 2012 8:28am Aug 10, 2012 8:28am
Well whatever that was, even though the pound was lead the surge its keeping alot of its gains while the euro is diving. I can see my eurgbp short is down 30 pips from an hour ago.
  • #678,756
  • Aug 10, 2012 8:30am Aug 10, 2012 8:30am
Quoting tankokjian
Can some one advise how much margin should i use and sl , profit taking should i employ under such situations ?
s/l shout be place in level where you feel safe and loss you can afford. you have to adjust your trading size to accommodate your s/l

1% of the capital is good starter , you may change it later .
Mohan
  • #678,757
  • Aug 10, 2012 8:30am Aug 10, 2012 8:30am
Is 20pips sl for 50pips pt reasonable under such conditions?
  • #678,758
  • Aug 10, 2012 8:30am Aug 10, 2012 8:30am
will that thing will reach 231x again?
Sometimes it's better to be wrong,to learn..
  • #678,759
  • Aug 10, 2012 8:31am Aug 10, 2012 8:31am
Any good reads on those one directional moves?
  • #678,760
  • Aug 10, 2012 8:32am Aug 10, 2012 8:32am
Quoting tankokjian
Is 20pips sl for 50pips pt reasonable under such conditions?
depends. r:r is good.
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