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EURUSD

  • #693,621
  • Sep 18, 2012 2:39am Sep 18, 2012 2:39am
Quoting kbmoonshinex
s/o - 8
this is why i exit when it becomes in valid

you let winner turn to loser
Be hopeful in a winning position, and fearful in a losing position.
  • #693,622
  • Sep 18, 2012 2:40am Sep 18, 2012 2:40am
I guess ppl have been talking abt 1.4 and 1.5 suddenly from boom to doom.... ppl talk abt back the year lows.... how the media play on retailers mind.... PA can not defy fundamentals for long... this rally might stil have some legs... but wont last for long for sure.. see whats happening wth AUD fundamentals are driving the price down when the technical aspect clearly indicated a break out...
  • #693,623
  • Sep 18, 2012 2:41am Sep 18, 2012 2:41am
Quoting StopGuessing
lol.... I dont think you believe that yourself mate. In the case of high leverage the % matters. If 9 points equals 500 usd. I will take that everyday for the rest of my life.... To bad I didnt short after taking the profit. Yet good to see my rules are holding true.
I see you have a clue. I'll wait for a while if this thing has the potential to go down around 20. Is this a realistic goal?
  • #693,624
  • Sep 18, 2012 2:41am Sep 18, 2012 2:41am
Quoting StopGuessing
lol.... I dont think you believe that yourself mate. In the case of high leverage the % matters. If 9 points equals 500 usd. I will take that everyday for the rest of my life.... To bad I didnt short after taking the profit. Yet good to see my rules are holding true.
No i understand that... but how easy it is to lose 9 pips in a day, it just doesnt seem like a very consistent profit target.

of course if you are perfect with entries more power to you.

seriously, if you can trade that way and it works (for years, without wiping out the profit you made by the time you call it quits/retire on forex) im jealous.

to me the pips matter because you could have just as easily lost that same % as you profited.

if your target is only 9 pips then you can only risk 4-5 per day to have a good daily RR profile
Be hopeful in a winning position, and fearful in a losing position.
  • #693,625
  • Sep 18, 2012 2:41am Sep 18, 2012 2:41am
Staying out for the moment, looks like an algo fest again. 40 pip reverse based on thin air
  • #693,626
  • Sep 18, 2012 2:41am Sep 18, 2012 2:41am
looks like they are really pushing to test the stops that should be below 70 but expect good support in the 50 zone
  • #693,627
  • Sep 18, 2012 2:41am Sep 18, 2012 2:41am
Quoting Mike8
Well done. What was your initial risk in pips and what made you go long?
Well all I do is use fibs on 1m chart. When ever a certain fib is crossed a take a position. If the same fib is recrossed then, i either close the position or wait for it to close under the fib which it is heading towards. In the case of that long, it closed over the .5 which is the SOURCE of LL MAJOR BREAKSouts based on the way I i connect my fibs. Yet after I entered at the 50 fib, the price retraced to the 0.0 Had it CLOSED under it I would of taken a lost on the position. Yet being it bounced clean off of it I held it. The rest is history. Yet the big money was on the short.
He who guess is LOST!
  • #693,628
  • Sep 18, 2012 2:42am Sep 18, 2012 2:42am
Quoting kbmoonshinex
-5 s/o
How do you feel in such situation?
A TP missed with 5 pips loss.
You cannot learn better without losing
  • #693,629
  • Sep 18, 2012 2:42am Sep 18, 2012 2:42am
Is this trap or divergence?
  • #693,630
  • Sep 18, 2012 2:42am Sep 18, 2012 2:42am
Im long here. The last low created is my stop loss.
He who guess is LOST!
  • #693,631
  • Sep 18, 2012 2:44am Sep 18, 2012 2:44am
Euro will rise this year or by the end of the year.
This thousand pips move is not fake.
So don't mess with bull for longer term.
You cannot learn better without losing
  • #693,632
  • Sep 18, 2012 2:45am Sep 18, 2012 2:45am
looks like support at 70 could be holding

Quoting MaxDoom
looks like they are really pushing to test the stops that should be below 70 but expect good support in the 50 zone
  • #693,633
  • Sep 18, 2012 2:45am Sep 18, 2012 2:45am
Wonder if we will see a move towards 1,302x this morning.
But too much intraday support on its way down...only a bad ZEW can help.
COT: The precious data ignored
  • #693,634
  • Sep 18, 2012 2:45am Sep 18, 2012 2:45am
Quoting Rag2RichesFX
long from 71 counter trend scalp (target 80)
profit taken @ 78 (before its taken from me, but it has potential to reach 84 I think)
Be hopeful in a winning position, and fearful in a losing position.
  • #693,635
  • Sep 18, 2012 2:47am Sep 18, 2012 2:47am
Quoting bouble
Is this trap or divergence?
more m15 and m30 divergence here
Be hopeful in a winning position, and fearful in a losing position.
  • #693,636
  • Sep 18, 2012 2:47am Sep 18, 2012 2:47am
Quoting StopGuessing
Im long here. The last low created is my stop loss.
You are playing a dangerous game here... but high risk high reward... I would bet the SL would hit as the selling volume is getting a lil high and panic profit booking is setting in.... but good luck...
  • #693,637
  • Sep 18, 2012 2:47am Sep 18, 2012 2:47am
Quoting Rag2RichesFX
No i understand that... but how easy it is to lose 9 pips in a day, it just doesnt seem like a very consistent profit target.

of course if you are perfect with entries more power to you.

seriously, if you can trade that way and it works (for years, without wiping out the profit you made by the time you call it quits/retire on forex) im jealous.

to me the pips matter because you could have just as easily lost that same % as you profited.

if your target is only 9 pips then you can only risk 4-5 per day to have a good daily RR profile
Yup your correct. Yet more then anything I aim for a dollar amount per day. Here is Panama no one makes 500 usd a day. Although I try to aim for 60 usd a day. The last 2 weeks I have not had a red day. So now I can use higher lot sizes on what I believe will be breakouts. Although I have pulled off 13 trades with 11 wins, the fact is one big loss with my leverage and equity will kick my accounts arse big time. So now, I look for specific formations, and try to get the bang for my buck. Pun intended. lol
He who guess is LOST!
  • #693,638
  • Sep 18, 2012 2:49am Sep 18, 2012 2:49am
Right now in my small account I have a long position. You can see I entred at the flat of the 23.6 And now I have doubled that account once again.
Attached Image (click to enlarge)
Click to Enlarge Name: 236long.jpg Size: 129 KB
He who guess is LOST!
  • #693,639
  • Sep 18, 2012 2:50am Sep 18, 2012 2:50am
Quoting B_Prasad
You are playing a dangerous game here... but high risk high reward... I would bet the SL would hit as the selling volume is getting a lil high and panic profit booking is setting in.... but good luck...
when market over extends and shows divergence scalps are usually pretty safe
Be hopeful in a winning position, and fearful in a losing position.
  • #693,640
  • Sep 18, 2012 2:51am Sep 18, 2012 2:51am
Here you can see the same position closed.
Attached Image (click to enlarge)
Click to Enlarge Name: 236close.jpg Size: 131 KB
He who guess is LOST!
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