guys any ideas?
- #8,985
- Nov 6, 2012 2:41am Nov 6, 2012 2:41am
- | Joined Feb 2009 | Status: Trader | 2,444 Posts
On this I disagree with you. No sense to fight. It can cause much bigger losses. For me there is no such thing as saving position. I close it quick if it is in loss. i am in pursuit now a I sense the blood. No new positions but old ones are working. My risk is practically 0 now. when in strength pursuit must be ruthless.
Generally the picture of Roman cavalry pursuing German barbarians above says all. Romans used cavalry mostly to pursue and kill off fleeing enemies. we must do same. It is called adding to winners.
I think traders still can learn form military history
They are fighting around 1.2778 now but there was lower low. Money are running out.
Generally the picture of Roman cavalry pursuing German barbarians above says all. Romans used cavalry mostly to pursue and kill off fleeing enemies. we must do same. It is called adding to winners.
I think traders still can learn form military history
They are fighting around 1.2778 now but there was lower low. Money are running out.
one side will definetly book loss.
& I dont mean retalis the bigs. so they will fight for every pip to consolidate it with small gains. thats normal. I would do the same thing he he
- #8,988
- Nov 6, 2012 2:51am Nov 6, 2012 2:51am
- | Joined Feb 2009 | Status: Trader | 2,444 Posts
Hehe, they can make it easy but they also can make it hard
I am looking to add more to my eur/jpy short. not yet though. will see.
this is crazy fighting. Now it looks more and more like a consolidation.
I am looking to add more to my eur/jpy short. not yet though. will see.
this is crazy fighting. Now it looks more and more like a consolidation.
when moving down every up move from support means a CONSOLIDATION
Loosers buying gig making small profits & consolidating the BIG LOSS.
they but with small tragets with huge sizes. thats why when price reach a Important Support it jumps & then rolls down again.
it is not fight actually it is as name on it consolidation.
when loosers ready to suffer with the amount of LOSS they let it down.
thats the CZ story.
vice verse for Long
as mentioned yesterday free space for price movement filled exactly by the fact of higher TF ABCD target.
still i see some chance for more downward continuation but any short position must be with small stops due to solid supports bellow
you can see the levels in post #8408 of this thread.
current Smart Dynamic Pivot(SDP) is 1.27889. which means technically we short bellow this and vise versa by TL break.
todays standard pivot is touched but bearish price indicator is not broken
bullish scenario is also possible. we can expect a retrace...
mentioned before, a set of strong supports are below 2767, usually this cluster needs a fundamental help to be broke. oscillator is suggesting more downward continuation but pa seems to be reacting supports set.
now i just hold my 1.3100 sell position and i just will enter long after a confirmed break of SDP at 27889 at least in M30
- #9,000
- Nov 6, 2012 3:03am Nov 6, 2012 3:03am
- Joined Dec 2010 | Status: Trader | 18,740 Posts
different predictions & actions
Attachment
mentioned before, a set of strong supports are below 2767, usually this cluster needs a fundamental help to be broke. oscillator is suggesting more downward continuation but pa seems to be reacting supports set.
now i just hold my 1.3100 sell position and i just will enter long after a confirmed break of SDP at 27889 at least in M30
Attachment