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  • #709,041
  • Oct 17, 2012 11:18pm Oct 17, 2012 11:18pm
Quoting ForExtraPips
Don't you hate that. After I see the same situation before, but out of fear, do nothing. Just to see price do exactly what you predicted. Fear is a killer.
If you got a good feeling about something but not sure about it, trade micro lots. It helps.

I do it. xD
There is nothing in the Universe but mathematical points of force.
  • #709,042
  • Oct 17, 2012 11:18pm Oct 17, 2012 11:18pm
The trend is still up.
  • #709,043
  • Oct 17, 2012 11:19pm Oct 17, 2012 11:19pm
1.3087, another key area.
Time turns trend. - W.D. Gann
  • #709,044
  • Oct 17, 2012 11:20pm Oct 17, 2012 11:20pm
Quoting kiranitoot
If you got a good feeling about something but not sure about it, trade micro lots. It helps.

I do it. xD
Excellent idea. I though about that before. Because, over "time," those small lots add up.
Time turns trend. - W.D. Gann
  • #709,045
  • Oct 17, 2012 11:22pm Oct 17, 2012 11:22pm
Quoting ForExtraPips
I just put a buy limit in @ 1.3050. Now wondering where to put my sl
1.3042 or put buy limit at 1.3044 and sl at 1.3038
The Thief of Wall Street
  • #709,046
  • Oct 17, 2012 11:23pm Oct 17, 2012 11:23pm
Quoting ForExtraPips
I just put a buy limit in @ 1.3050. Now wondering where to put my sl

I wouldn't put it any lower than 1.2985...the fib 50% retrace on the current run is there.

With the EU summit tomorrow, I personally wouldn't set a buy until the 1.3000 area, unless the risk-off drive dies down by US open +3 hours. (my 2 cents)

If price pushes pass 1.2985 then definitely headed to 1.2820 area for risk aversion at least. Possible even 1.2700 (medium term).
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  • #709,047
  • Oct 17, 2012 11:24pm Oct 17, 2012 11:24pm
Quoting ForExtraPips
Excellent idea. I though about that before. Because, over "time," those small lots add up.
Yeah. xD
And you can also add orders if you see that it's a good position. If not, take what you can get, and open another one on the other way. xD
There is nothing in the Universe but mathematical points of force.
  • #709,048
  • Oct 17, 2012 11:28pm Oct 17, 2012 11:28pm
Quoting Chicky
1.3042 or put buy limit at 1.3044 and sl at 1.3038
Thanks. I like your second idea on entry. And I'll put my sl a few pips below. Since 35 and 70 are harmonic numbers on this pair.
Time turns trend. - W.D. Gann
  • #709,049
  • Oct 17, 2012 11:29pm Oct 17, 2012 11:29pm
Quoting kiranitoot
Yeah. xD
And you can also add orders if you see that it's a good position. If not, take what you can get, and open another one on the other way. xD
Exactly. Build on. Or reverse.
Time turns trend. - W.D. Gann
  • #709,050
  • Oct 17, 2012 11:30pm Oct 17, 2012 11:30pm
Quoting Chicky
1.3042 or put buy limit at 1.3044 and sl at 1.3038
And 1.3044 is my ms3
Time turns trend. - W.D. Gann
  • #709,051
  • Oct 17, 2012 11:33pm Oct 17, 2012 11:33pm
Quoting d4amenace
I wouldn't put it any lower than 1.2985...the fib 50% retrace on the current run is there.

With the EU summit tomorrow, I personally wouldn't set a buy until the 1.3000 area, unless the risk-off drive dies down by US open +3 hours. (my 2 cents)

If price pushes pass 1.2985 then definitely headed to 1.2820 area for risk aversion at least. Possible even 1.2700 (medium term).
I like your sl for one reason, since the 200ema on the H1 is showing around 1.2990
Time turns trend. - W.D. Gann
  • #709,052
  • Oct 17, 2012 11:44pm Oct 17, 2012 11:44pm
The power of properly drawn trend lines. Stalled again.
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Time turns trend. - W.D. Gann
  • #709,053
  • Oct 17, 2012 11:46pm Oct 17, 2012 11:46pm
depend on situation
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  • #709,054
  • Oct 17, 2012 11:49pm Oct 17, 2012 11:49pm
  •  tonus.FX
  • | Joined Oct 2012 | Status: Forex Trainer for Beginners - Free | 8 Posts
Quoting ForExtraPips
1.3087, another key area.
whats the significance..... seems you are right and price started to bounce
  • #709,055
  • Oct 17, 2012 11:49pm Oct 17, 2012 11:49pm
Quoting ForExtraPips
The power of properly drawn trend lines. Stalled again.
Are you at short or long today? i am at short. Expecting Euro to go down.
  • #709,056
  • Oct 17, 2012 11:50pm Oct 17, 2012 11:50pm
Quoting Chicky
1.3042 or put buy limit at 1.3044 and sl at 1.3038
It is buy stop order and not buy limit.
Intraday only.
  • #709,057
  • Oct 17, 2012 11:53pm Oct 17, 2012 11:53pm
Quoting tonus.FX
whats the significance..... seems you are right and price started to bounce

Recent price support past 24 hours or so. Break below here confirms short term aversion
  • #709,058
  • Oct 17, 2012 11:54pm Oct 17, 2012 11:54pm
Quoting navk
It is buy stop order and not buy limit.
its a buy limit bro. its below the current price
  • #709,059
  • Oct 17, 2012 11:55pm Oct 17, 2012 11:55pm
Quoting tonus.FX
whats the significance..... seems you are right and price started to bounce
The last two hourly candles. Look at where one opened at and where the other closed at. Then go from there. It's a fight.
Time turns trend. - W.D. Gann
  • #709,060
  • Oct 17, 2012 11:57pm Oct 17, 2012 11:57pm
Quoting ForExtraPips
The last two hourly candles. Look at where one opened at and where the other closed at. Then go from there. It's a fight.
M30 is showing 1.3067 at the moment. Unless it closes above 1.3103 to negate this signal.
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