The fragrance remains in the hands of those that gves the rose
- #689,402
- Sep 7, 2012 8:25am Sep 7, 2012 8:25am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
now if my EU short could just do the same as the crude one I would be an even happier trader 
taken half off
taken half off
- #689,404
- Sep 7, 2012 8:26am Sep 7, 2012 8:26am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
Wish I could go back 48 hours (or even 24 hours) and enter long from there? Yes.
But I'm guessing by the time most traders start giving in and are ready to go long ... the market will be turning around.
"By the time most people realise the real direction of the trend it has already reversed"
But I think there is still a lot of time to get in (not today) and slowly build up only when right with large SL. (for big swings)
"Men who can both be right and sit tight are uncommon."
- #689,405
- Sep 7, 2012 8:26am Sep 7, 2012 8:26am
- | Joined Feb 2008 | Status: Suffering from Casandra syndrome | 1,384 Posts
- #689,407
- Sep 7, 2012 8:30am Sep 7, 2012 8:30am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
I am still back my cable bears, will know shortly if they are still alive
If you are new to Forex? Say Goodbye to your account!!
- #689,409
- Sep 7, 2012 8:31am Sep 7, 2012 8:31am
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Be hopeful in a winning position, and fearful in a losing position.
- #689,410
- Sep 7, 2012 8:32am Sep 7, 2012 8:32am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
- #689,412
- Sep 7, 2012 8:37am Sep 7, 2012 8:37am
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
No I'm just a realist who understands retail brokers.
Scalping with one is tough, I agree. Especially the mini scalps. The 20 pip swings can still be done though.
Be hopeful in a winning position, and fearful in a losing position.
- #689,413
- Sep 7, 2012 8:39am Sep 7, 2012 8:39am
- | Joined Aug 2009 | Status: Membership Revokеd | 4,396 Posts
You cannot learn better without losing
- #689,414
- Sep 7, 2012 8:39am Sep 7, 2012 8:39am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
I don't like trading big economic releases for a few reasons:
1. You don't know for sure how the market will react and by how much.
2. By the time you get the numbers and place an order, the "big move" will have already taken place.
3. Even if you do everything right and are lucky, chances are your broker will try to screw you with execution delays and slippage and blame it on the "volatility."
Not worth the risk.
I'd rather the market stay in a logical, technical pattern that I can trade with sensible SLs.
This doesn't...
In position trading it does not, because we already taken the trades in the direction of the least resistance, in technicality and in fundi (both subjective, of course in my view, but the difference lays in the ability to filter).
So even if you have a negative data is not going to effect you as much but is only going to confirm your position if it comes straight back.
Also the negative data is not going to inflict as much when the weight is curried on the other side, of course a large protective stop is needed in position trading to overcome any eventuality.
"Men who can both be right and sit tight are uncommon."
- #689,415
- Sep 7, 2012 8:39am Sep 7, 2012 8:39am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
I am still back my cable bears, will know shortly if they are still alive
let's hope so.....
Crude has pulled back $1.4 now, Dax is slowly dropping and EU is testing 1.275x again so things are starting to line up hopefully.
- #689,416
- Edited 8:44am Sep 7, 2012 8:41am | Edited 8:44am
- | Joined Jan 2009 | Status: Fading the specs | 1,374 Posts
I dont trade with a retail broker.
Scalping with one is tough, I agree. Especially the mini scalps. The 20 pip swings can still be done though.
With a 20 pip swing and a stop averaging you out that small it is possible, but not with a retailer and you know it.
- #689,419
- Sep 7, 2012 8:46am Sep 7, 2012 8:46am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
- #689,420
- Sep 7, 2012 8:47am Sep 7, 2012 8:47am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
I am still back my cable bears, will know shortly if they are still alive
so far my broker high . 59992
Mohan