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Trading EURUSD only

  • #19,701
  • Nov 29, 2012 12:29pm Nov 29, 2012 12:29pm
Are you still in a trade or flat?

Quoting stevewalker
the reason I OCO my Short from 3000 is here

15M chart
this typical failed SHS @ right shoulder & headed up
very typical formation for BO
but it failed
FX as Usual
  • #19,702
  • Nov 29, 2012 12:30pm Nov 29, 2012 12:30pm
4H chart with Fibchannels.
Attached Image (click to enlarge)
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  • #19,703
  • Nov 29, 2012 12:32pm Nov 29, 2012 12:32pm
short
Quoting glennl2000
Are you still in a trade or flat?
  • #19,704
  • Nov 29, 2012 12:32pm Nov 29, 2012 12:32pm
Quoting stevewalker
no offense he he
I get mad many times
it i,s MKT duty to make us mad & those hours end with big mistakes
so you did the wright thing & stop
yup just sitting here messing around on internet

now trying 2.5x short @ 745
Be hopeful in a winning position, and fearful in a losing position.
  • #19,705
  • Nov 29, 2012 12:35pm Nov 29, 2012 12:35pm
Quoting stevewalker
when MKT in range
not BO yet

buyers sell
sellers buy

when BO reverse

this is Buyyers sell sellers buy situation
can you explain this a little better?
do not understand
Be hopeful in a winning position, and fearful in a losing position.
  • #19,706
  • Nov 29, 2012 12:35pm Nov 29, 2012 12:35pm
it's as if that move down never happened
  • #19,707
  • Nov 29, 2012 12:36pm Nov 29, 2012 12:36pm
ok good luck. I like it to head back to 2950.. Had a very good day today so not sure I should keep trading..
Quoting stevewalker
short
  • #19,708
  • Nov 29, 2012 12:36pm Nov 29, 2012 12:36pm
Forex Factory's servers are currently overloaded. Please try again in a few minutes.

Your patience is appreciated.
  • #19,709
  • Nov 29, 2012 12:37pm Nov 29, 2012 12:37pm
if in doubt better dont trade
Quoting glennl2000
ok good luck. I like it to head back to 2950.. Had a very good day today so not sure I should keep trading..
  • #19,710
  • Nov 29, 2012 12:40pm Nov 29, 2012 12:40pm
Quoting mrwpc
it's as if that move down never happened


just hoping it doesnt break 85

up 0.7% today
Be hopeful in a winning position, and fearful in a losing position.
  • #19,711
  • Nov 29, 2012 12:42pm Nov 29, 2012 12:42pm
yes good advice.. I'm 50/50 on this one.. Think I will wait until asia/ldn.

Quoting stevewalker
if in doubt better dont trade
  • #19,712
  • Nov 29, 2012 12:42pm Nov 29, 2012 12:42pm
Quoting glennl2000
ok good luck. I like it to head back to 2950.. Had a very good day today so not sure I should keep trading..
I also suggest to keep away. can't be too greedy. Said many times now again : at start i also did that. Was SO confident after good trades that wanted more, more and more. And in the end those More trades almost nullified my good trades many times.

It's better to enjoy the success of few than to think of the errors of many
Go have a cold beer and be back tomorrow
  • #19,713
  • Nov 29, 2012 12:43pm Nov 29, 2012 12:43pm
Day Chart:

I see PA, looks good long till 1.3070. Then another decision time, but you will have to absorb volatility till then.
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"My 2 cents"
  • #19,714
  • Nov 29, 2012 12:45pm Nov 29, 2012 12:45pm
good
when in dubt you loose your patient

Quoting glennl2000
yes good advice.. I'm 50/50 on this one.. Think I will wait until asia/ldn.
  • #19,715
  • Nov 29, 2012 12:45pm Nov 29, 2012 12:45pm
Absolutely. This just happened to me yesterday. Went from up 2%, to down 5%, to up 1%, down 2%, back up 2% and called it a day.. Would have made much more sense to stop.. I'm up 3% today and I am drooling to open more trades! Horrible.. Have to learn to control the greed, because in th end I'm sure it would cost me.

Quoting mok1one
I also suggest to keep away. can't be too greedy. Said many times now again : at start i also did that. Was SO confident after good trades that wanted more, more and more. And in the end those More trades almost nullified my good trades many times.

It's better to enjoy the success of few than to think of the errors of many
Go have a cold beer and be back tomorrow
  • #19,716
  • Nov 29, 2012 12:46pm Nov 29, 2012 12:46pm
Quoting Stimulus
Day Chart:

I see PA, looks good long till 1.3070. Then another decision time, but you will have to absorb volatility till then.
i am eyeing that trendline as well

1.3070 is also a swing high and huge release lower on daily
Be hopeful in a winning position, and fearful in a losing position.
  • #19,717
  • Nov 29, 2012 12:48pm Nov 29, 2012 12:48pm
Quoting Rag2RichesFX
just hoping it doesnt break 85

up 0.7% today
i gotta close..

BE

hourly momentum
Be hopeful in a winning position, and fearful in a losing position.
  • #19,718
  • Nov 29, 2012 12:48pm Nov 29, 2012 12:48pm
US traded long @3000 with news
it failed. when they see lack of momentum they traded full short to hit a strong SUP to reverse it
this is what happened at BO moment
  • #19,719
  • Nov 29, 2012 12:51pm Nov 29, 2012 12:51pm
how today closes will be crucial in determining if we go up right away or maybe consolidate and then go up
Be hopeful in a winning position, and fearful in a losing position.
  • #19,720
  • Nov 29, 2012 12:52pm Nov 29, 2012 12:52pm
Quoting stevewalker
US traded long @3000 with news
it failed. when they see lack of momentum they traded full short to hit a strong SUP to reverse it
this is what happened at BO moment
agree completely i see what you saying now

still thought it would test lower near 45 again, but they want a doji on 4 hour, apparently
Be hopeful in a winning position, and fearful in a losing position.
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