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EURUSD

  • #722,561
  • Nov 26, 2012 5:07pm Nov 26, 2012 5:07pm
Likely wedge retest
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  • #722,562
  • Nov 26, 2012 5:07pm Nov 26, 2012 5:07pm
Quoting Vachus
The best two adavatage to it is very little stress that allow your mind the capacity to think without pressure and less babysitting time ... other than that, it require huge capital to sit down just to protect the position and very small reward in the end !

I never thought you tried it before

no SL works OK when in a range. but you get killed when it starts trending.. I remember once I held a pos for 4 months. It never came back. Stupid thing to do.
  • #722,563
  • Nov 26, 2012 5:08pm Nov 26, 2012 5:08pm
and I will forever remember that you are a Genius, billionaire, playboy, philanthropist
Quoting Jay Walker
Then I will forever remember that hkkhanus is not a douchebag
  • #722,564
  • Nov 26, 2012 5:08pm Nov 26, 2012 5:08pm
Quoting KiwiTrada
nope nothing perfect in forex

also watching yen, she didnt even flinch for wee spike ad usd gbp kd
when consider noda an co have been depreciating like hell she is acually hanging in mid air 4hr if no noda, geppy will be brick,
True,

good luck!
Even the worst trade can close with profit. Just give it time.
  • #722,565
  • Edited 5:19pm Nov 26, 2012 5:08pm | Edited 5:19pm
Quoting attila
no SL works OK when in a range. but you get killed when it starts trending.. I remember once I held a pos for 4 months. It never came back. Stupid thing to do.
reason why i am purely a scalper now (well 90% scalping..)

even when i see potential for 30 pips, max risk is 10..

more typically 5-8 pips

still scalping or intraday swing trades only for you Attila?

hows the trades been over the last couple months?
Be hopeful in a winning position, and fearful in a losing position.
  • #722,566
  • Nov 26, 2012 5:09pm Nov 26, 2012 5:09pm
Quoting attila
same as you. short bias, but I'm staying away for now.. I nipped 20 some on the spike, so I better don't spit in the eyes of forex gods.
Good plan! That was a nice catch!

Plenty of time to see it turn and jump on board. Pretty quick rise on the way up...should produce a decent correction WHEN the bastards decide they've had their fill.
  • #722,567
  • Nov 26, 2012 5:09pm Nov 26, 2012 5:09pm
Quoting attila
no SL works OK when in a range. but you get killed when it starts trending.. I remember once I held a pos for 4 months. It never came back. Stupid thing to do.
You should always have some sort of hard-stop loss in case of a random news event. Especially people playing with larger sums of cash, but they've probably already learned that lesson.
  • #722,568
  • Nov 26, 2012 5:11pm Nov 26, 2012 5:11pm
Quoting Kanzler
You should always have some sort of hard-stop loss in case of a random news event. Especially people playing with larger sums of cash, but they've probably already learned that lesson.
yup seen the market move 100 pips in 5 minutes, even those who typically trade with 20 pip stop, you gotta always have it set just incase.
Be hopeful in a winning position, and fearful in a losing position.
  • #722,569
  • Nov 26, 2012 5:11pm Nov 26, 2012 5:11pm
Quoting John Gray
That would explain why EUR/CHF disappeared from my platform!
http://mobile.bloomberg.com/news/201...ncy-trade.html
  • #722,570
  • Nov 26, 2012 5:11pm Nov 26, 2012 5:11pm
Quoting chazzle
you the man - hope asia implodes for ya
thanks bro, its just pie in the sky right now...
Look Sharp/Trade Tight
  • #722,571
  • Nov 26, 2012 5:11pm Nov 26, 2012 5:11pm
Quoting Big1red9
Likely wedge retest
Good point! Certainly touched once.
  • #722,572
  • Nov 26, 2012 5:12pm Nov 26, 2012 5:12pm
Quoting Kanzler
You should always have some sort of hard-stop loss in case of a random news event. Especially people playing with larger sums of cash, but they've probably already learned that lesson.
It's not really what you think.. It was (and sometimes still is) a different style of trading.. I sometimes still do it but less and less.. The pips were much better, but higher stress not sure it's worth it..
  • #722,573
  • Nov 26, 2012 5:12pm Nov 26, 2012 5:12pm
Confused...FF news saying no deal done....but reuters reported 18mins ago of IMF and Eurozone reached a deal
  • #722,574
  • Nov 26, 2012 5:13pm Nov 26, 2012 5:13pm
Saturday morning reply to Attila...

Quoting BlueCirrus
Here's one scenario:

EURUSD pulls back to 1.2956 - 1.2957
Launches from there to 1.3036
EURAUD touches 1.25033

At 1.3036, you get to bitch-slap this dog like you've been wanting to this past week...
Quoting BlueCirrus
First, open an H4 chart, squeeze it up until you can see as far back as the September 17th high, and look to the left of the current price and ask yourself where the swing traders who are short would capitulate. The market makers want those stops before taking the market back down. As far as position traders who are short, the market will come back later on and take care of that business.

Second, there are multiple price projections into that area, although, as you said, it can go even higher (I have 1.30574 and 1.30743).

Third, looking at EURAUD's...
The pullback today went 14 pips deeper, otherwise this is still valid, except the EURAUD.....
  • #722,575
  • Nov 26, 2012 5:14pm Nov 26, 2012 5:14pm
Contradicting the early Reuters report, DJ now says "No Final Deal Yet on Greece Debt Sustainability", citing unknown sources. It is going to be another long night in Brussels? Reuters adds on Greece: "However, discussions were continuing on details of the measures to reduce Athens' debt burden." MatinaStevis, Journalist with Dow Jones and the Wall Street Journal, notes on her Twitter account: "We are also told Greece debt deal conditional on upfront commitment to cut country's debt by 20% GDP."
  • #722,576
  • Nov 26, 2012 5:14pm Nov 26, 2012 5:14pm
Quoting attila
crap. look at that spike on aussie.. I ain't touching this shit.
looks like a hangman on the h to me.
those who can, do. those who cant, talk about those who can
  • #722,577
  • Nov 26, 2012 5:14pm Nov 26, 2012 5:14pm
Quoting attila
no SL works OK when in a range. but you get killed when it starts trending.. I remember once I held a pos for 4 months. It never came back. Stupid thing to do.
This is the killer - it happened to me too , but i couldn't hold 4month
"It's the Margin, Stupid."
  • #722,578
  • Nov 26, 2012 5:15pm Nov 26, 2012 5:15pm
Quoting PayTheLimit
thanks bro, its just pie in the sky right now...
  • #722,579
  • Nov 26, 2012 5:16pm Nov 26, 2012 5:16pm
enjoy the party.
  • #722,580
  • Nov 26, 2012 5:17pm Nov 26, 2012 5:17pm
so, is the deal done or not?
Don't give up
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