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PA by Julexo

  • #2,321
  • Oct 5, 2012 1:48am Oct 5, 2012 1:48am
Quoting sam69
me too man,wish me/us luck,yesterday got burnt with my sell
Sam,

I understand. It happens to all of us at one point or another. It hurts. I remember when the euro tanked several years ago. Not a fun time for me. I was short above 1.60 and made a lot of money in a very short time. Then I started buying at what I thought would be demand only to watch PA burn right down through these levels again and again. They are teachable moments and all we can do is learn from them. In this case, when to cut losses. If I have 3 losing trades in a row I walk away for a couple of days, regroup, come back, dissect my trades and look at what I did wrong.

A successful trader once told me that the market would charge me as much as an Ivy League education cost to learn how to trade successfully. He was right.

Happy Trades,
fxstir
  • #2,322
  • Oct 5, 2012 1:50am Oct 5, 2012 1:50am
Quoting Julexo
clean and simple trades well done mate...yours charts 10 stars...
been lucky i guess...
Peace Yo!
  • #2,323
  • Oct 5, 2012 1:51am Oct 5, 2012 1:51am
This eur:usd is being a stubborn little witch. gu is cooperating.
  • #2,324
  • Oct 5, 2012 2:22am Oct 5, 2012 2:22am
thingking of this for eu...

lets see if 1.296x can hold....
Attached Image (click to enlarge)
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Peace Yo!
  • #2,325
  • Oct 5, 2012 2:26am Oct 5, 2012 2:26am
Nice chart mrluckystar,

First I would like to see it get down to 1.2968 :-)

Inserted Video


Happy Trades,
fxstir
  • #2,326
  • Oct 5, 2012 2:44am Oct 5, 2012 2:44am
Big fight at 1.3000
  • #2,327
  • Oct 5, 2012 2:56am Oct 5, 2012 2:56am
Quoting fxstir
Big fight at 1.3000
let's clean buyers from chart
  • #2,328
  • Oct 5, 2012 3:04am Oct 5, 2012 3:04am
Quoting fxstir
Nice chart mrluckystar,

First I would like to see it get down to 1.2968 :-)

https://www.youtube.com/watch?v=h3Yrhv33Zb8

Happy Trades,
fxstir
going down mr steven tyler?.....

gud video clip...
Peace Yo!
  • #2,329
  • Oct 5, 2012 3:14am Oct 5, 2012 3:14am
same update...still filtering demand zones lower...with good R:R...
Attached Image (click to enlarge)
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  • #2,330
  • Oct 5, 2012 3:18am Oct 5, 2012 3:18am
if we stay in same range is good...still downside...3016 not good if we close above...
  • #2,331
  • Oct 5, 2012 3:47am Oct 5, 2012 3:47am
my half thinking of buy at 1.296x... the other half says nooo...
Peace Yo!
  • #2,332
  • Oct 5, 2012 3:54am Oct 5, 2012 3:54am
this is the reason...
Attached Image (click to enlarge)
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Peace Yo!
  • #2,333
  • Oct 5, 2012 3:55am Oct 5, 2012 3:55am
Quoting mrluckystar
my half thinking of buy at 1.296x... the other half says nooo...
show me what do you c there exactly? maybe on bigger TF you can c support of demand? I not rush on buy at moment...I will c PA reaction when comes on my zones below...
  • #2,334
  • Oct 5, 2012 3:56am Oct 5, 2012 3:56am
Quoting mrluckystar
this is the reason...

nice spot...tell me later...which pair choose first direction
  • #2,335
  • Oct 5, 2012 4:03am Oct 5, 2012 4:03am
At moment the biggest TF indicate for me this one demand...On 1h or 4H can't c nothink...need wait till news begins...then maybe opens new levels...At moment working on m5-15-30
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  • #2,336
  • Oct 5, 2012 4:03am Oct 5, 2012 4:03am
I think part of the problem is that US Unemployment and in particular NFP are due out in 3 1/2 hours. The other problem is the demand level outlined in mrluckystar's chart and stochastics are showing oversold.

It is 2:00am here and I need to be up early. I know redsword used to always say news is noise; however, NFP can be devastating unless you have lots of margin to play with. Me, I would rather be flat and walk away with some profit rather than risk having to sit in draw down.

I'm out and flat. Have a good evening and good luck.

Happy Trades,
fxstir
  • #2,337
  • Oct 5, 2012 4:05am Oct 5, 2012 4:05am
Quoting fxstir
I think part of the problem is that US Unemployment and in particular NFP are due out in 3 1/2 hours. The other problem is the demand level outlined in mrluckystar's chart and stochastics are showing oversold.

It is 2:00am here and I need to be up early. I know redsword used to always say news is noise; however, NFP can be devastating unless you have lots of margin to play with. Me, I would rather be flat and walk away with some profit rather than risk having to sit in draw down.

I'm out and flat. Have a good evening and good luck.

Happy...
Have a good day
better safe...
  • #2,338
  • Oct 5, 2012 4:06am Oct 5, 2012 4:06am
Quoting Julexo
Have a good day
better safe...
Thanks and you too.
fxstir
  • #2,339
  • Oct 5, 2012 4:11am Oct 5, 2012 4:11am
Quoting fxstir
I think part of the problem is that US Unemployment and in particular NFP are due out in 3 1/2 hours. The other problem is the demand level outlined in mrluckystar's chart and stochastics are showing oversold.

It is 2:00am here and I need to be up early. I know redsword used to always say news is noise; however, NFP can be devastating unless you have lots of margin to play with. Me, I would rather be flat and walk away with some profit rather than risk having to sit in draw down.

I'm out and flat. Have a good evening and good luck.

Happy...
yes the stoch is oversold... but not extreme oversold yet...
if us dollar going down... means euro going up...
Peace Yo!
  • #2,340
  • Oct 5, 2012 4:11am Oct 5, 2012 4:11am
For me news bringing quicker levels...in news period I personaly trading with tight sl...wich increase much bigger Win ratio for me...just you have to stay on right level...
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