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  • #717,081
  • Nov 12, 2012 9:36pm Nov 12, 2012 9:36pm
Quoting Jay Walker
I also offer special fried rice.
thats gr8..... i do love fired rice but you must visit India for that.... You ll find Fried Jeera Rice...... Jeera = Roasted cumin seeds
The Phoenix Trader....
  • #717,082
  • Nov 12, 2012 9:37pm Nov 12, 2012 9:37pm
Quoting cdndollar
it's a system "Sell n Snooze" trade.. with adjusted risk in place.. either I'll h'iss away 50 pips or have a 300+ pips payday..
IMHO "Making Sense" sounds good only @ fundie tea parties..
Pardon on my intrusion of your trading style but going long on Euro and Shorting on AJ is basically hedging.Whatever you make on Euro you will lose on AJ.I just don't see how you are going to make 300pips unless you take a loss on one of them.
Perhaps a refresher course on correlations might be in order.
Don't think you are "right" attitude.Look at facts.
As I am typing AJ is gaining up...
In trading, you have to be defensive and aggressive at the same time
  • #717,083
  • Nov 12, 2012 9:38pm Nov 12, 2012 9:38pm
Quoting Jay Walker
I also offer special fried rice and blue waffles.
Thanks for your services... others may get pissed of with both of us and they will pack and throw Under EUR USD and we ll get crushed... Lets continue with the market
The Phoenix Trader....
  • #717,084
  • Nov 12, 2012 9:40pm Nov 12, 2012 9:40pm
Quoting sunilpawar
Thanks for your services... others may get pissed of with both of us and they will pack and throw Under EUR USD and we ll get crushed... Lets continue with the market
Not the first time people read my antics on here.
Not all sins are created equal
  • #717,085
  • Nov 12, 2012 9:40pm Nov 12, 2012 9:40pm
Can any fundamentalists take a stab at why the Euro is going down? I'm just not completely feeling this move. I actually got out of a long term short position because I disagreed with the main idea behind the trade (once I re-examined some past situations). (It's funny I had a profit though when I exited.)
  • #717,086
  • Nov 12, 2012 9:43pm Nov 12, 2012 9:43pm
Quoting Jay Walker
Not the first time people read my antics on here.
The Phoenix Trader....
  • #717,087
  • Nov 12, 2012 9:43pm Nov 12, 2012 9:43pm
7am rejection under 2724/39

1pm Tp and buy 2610
Founder of Sutherland Wave Principle
  • #717,088
  • Nov 12, 2012 9:45pm Nov 12, 2012 9:45pm
Quoting clambill
Can any fundamentalists take a stab at why the Euro is going down? I'm just not completely feeling this move. I actually got out of a long term short position because I disagreed with the main idea behind the trade (once I re-examined some past situations). (It's funny I had a profit though when I exited.)
Europe isn't yet the utopian society it's supposed to be. Sure, they're saying everything in Greece is fixed now (as if!) but other countries will have their turn in the wringer.
Not all sins are created equal
  • #717,089
  • Nov 12, 2012 9:47pm Nov 12, 2012 9:47pm
Quoting suthmo
7am rejection under 2724/50

1pm Tp and buy 2610
GMT or EST?
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #717,090
  • Nov 12, 2012 9:48pm Nov 12, 2012 9:48pm
Quoting clambill
Can any fundamentalists take a stab at why the Euro is going down? I'm just not completely feeling this move. I actually got out of a long term short position because I disagreed with the main idea behind the trade (once I re-examined some past situations). (It's funny I had a profit though when I exited.)
Nothing is certain until London open.
In trading, you have to be defensive and aggressive at the same time
  • #717,091
  • Nov 12, 2012 9:50pm Nov 12, 2012 9:50pm
Quoting Kenawee
Hey, the thing about the channel and the fib retracement level was just on my mind, thank you for confirming that. I am a beginner and tend not to trust my hunch that much.

But could you please explain the relation between the rectangles and the current price action? I seem to be missing something out.

Thanks
It isn't a perfect pattern, that is obvious. What I generally do is line up tops and bottoms form triangles and channels. Combine with fibs on H1, H4 and D1 charts. Usually I go down to M15 for very short term scalps. You need to remember that the further you look out, the more likely these trading patterns actually play out. The general rule is the closer you look, the more noise there is in the data.

To answer your question, there was a downward movement, followed by consolidation in a ranging market (ranging market is sideways with no direction for my definition), that was my rectangle, So as per babypips, next downwards movement should be of equal price action, down to 1.25.

I don't know if it will be of equal price action, i never go for full moves i go for half the move to have greater chance of SECURING profit, not waking up in the morning with it all gone.

On a quick note, downward movement has started, on H1 we had strong bearish bar, but was followed by a doji indicating reversal, see babypips for defintion, now upward movement has started, full downward movement may not occur just yet but I expect it to this week.

Just remember I am only 1 trader, and no trader is 100%


Hope it helps mate.

Good luck
Even the worst trade can close with profit. Just give it time.
  • #717,092
  • Nov 12, 2012 9:51pm Nov 12, 2012 9:51pm
Quoting Avir
GMT or EST?
GMT
Founder of Sutherland Wave Principle
  • #717,093
  • Nov 12, 2012 9:53pm Nov 12, 2012 9:53pm
Quoting John Gray
i go for half the move to have greater chance of SECURING profit, not waking up in the morning with it all gone.
Interesting. So you get out of trades early?
Not all sins are created equal
  • #717,094
  • Nov 12, 2012 10:04pm Nov 12, 2012 10:04pm
i do cci trading and keep collecting

http://img838.imageshack.us/img838/6784/38105713.gif
  • #717,095
  • Edited 10:16pm Nov 12, 2012 10:05pm | Edited 10:16pm
Quoting Davit
Pardon on my intrusion of your trading style but going long on Euro and Shorting on AJ is basically hedging.Whatever you make on Euro you will lose on AJ.I just don't see how you are going to make 300pips unless you take a loss on one of them.
Perhaps a refresher course on correlations might be in order.
Don't think you are "right" attitude.Look at facts.
As I am typing AJ is gaining up...
Are you taking about my EURJPY piker long or EURUSD longs?
Correlation do exit for EURJPY & AUDJPY at HTF's.. it's irrelevent if you're scalping for piker pips..
EURUSD, AUDUSD & USDJPY correlations is another 3 way ball of wax..

BTW, I love EURUSD EURGBP GBPUSD correlations.. my guide dogs going back for many moons now..

EURJPY stopped-out while typing

AUDJPY heading for the figure as we speak..
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY H1 capture-20121113-041244.png Size: 67 KB
  • #717,096
  • Nov 12, 2012 10:07pm Nov 12, 2012 10:07pm
Good morning .
What happening boys , what happen to my bull
looks bear still control
Mohan
  • #717,097
  • Nov 12, 2012 10:08pm Nov 12, 2012 10:08pm
Quoting Jay Walker
Interesting. So you get out of trades early?
A new study came out that said, traders who are taking Viagra, stay in their trades longer. I have the same problem. Once I'm in a trade, and when it's showing profit, after I wake up, I'll close it out, just to see price go where I originally had targeted. That fear factor. The old, "you can't go broke if you take profit off the table," type thing. Still working on it.
Time turns trend. - W.D. Gann
  • #717,098
  • Nov 12, 2012 10:12pm Nov 12, 2012 10:12pm
Quoting mohan76
Good morning .
What happening boys , what happen to my bull
looks bear still control
Goood Morning Mohan and Happy Devali ( Theepavali ) you can catch your Bull on the Cross for a while i guess
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #717,099
  • Nov 12, 2012 10:15pm Nov 12, 2012 10:15pm
Quoting ForExtraPips
A new study came out that said, traders who are taking Viagra, stay in their trades longer. I have the same problem. Once I'm in a trade, and when it's showing profit, after I wake up, I'll close it out, just to see price go where I originally had targeted. That fear factor. The old, "you can't go broke if you take profit off the table," type thing. Still working on it.
You can't go broke if you take profit. Ahh!

You can also go broke if you leave money on the table.
Not all sins are created equal
  • #717,100
  • Nov 12, 2012 10:29pm Nov 12, 2012 10:29pm
Quoting mohan76
Good morning .
What happening boys , what happen to my bull
looks bear still control

bro go enjoy family come back tomorrow noon, bull is still getting little spanks, room is full of smelly fingers
If you are new to Forex? Say Goodbye to your account!!
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